The Daily News interviewed Circle Power's Elise Matz and quoted Circle Power's Jordan Roberts in a news article regarding the project's property tax guarantee.
Three townships in Dickinson County are considering property tax contracts that would guarantee $12 million in new revenues over 30 years for Groveland Mine Solar.
The guarantee from Circle Power Renewables of Royal Oak commits the project to a minimum payment stream, based on the entire 120-megawatt solar farm being built, said Jordan Roberts, Circle Power CEO.
“[The guarantee] provides a minimum floor to protect local entities,” Roberts said in a recent interview.
“If there are any changes in state tax policy that benefit local governments, the project would be required to meet its full property tax obligation,” said Elise Matz, Circle Power vice president of public affairs.
As currently planned, the project would provide enough electricity to power 17,600 homes annually.