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Commissioners to vote on wind farm agreement
Credit: By CARL E. FEATHER, Star Beacon, starbeacon.com 24 May 2011 ~~
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Translate: FROM English | TO English
JEFFERSON – An agreeement that will give the county a cut of the submerged land lease rent for a demonstration wind farm in Cuyahoga County comes up for a vote in Ashtabula County today.
Commissioners have the option of participating in a revenue-sharing agreement that will give the county an annual payment of $5,500 for the next five years. The agreement is with the Lake Erie Economic Development Corp., LEEDCo, which was created to spearhead the development of the offshore wind energy industry in Lake Erie and Northeast Ohio.
LEEDCo is building an initial wind project in Lake Erie about seven miles offshore downtown Clevleand. One of the steps in bringing the project to fruition is obtaining the submerged land leases from the Ohio Department of Natural Resources, which has jurisdiction over the natural resources and installations in Lake Erie.
Typically, the lease fee for an SSL is split 50/50 between the state and the shoreline community where the leased land is located. However, when the leased land is more than two miles from shore, the county participates in the revenue sharing.
In the case of the LEEDCo agreement, the organization is offering a share of the local portion of the lease payments to the participating entities: the Cleveland-Cuyahoga County Port Authority, which will get 40 percent; and Lorain, Lake and Ashtabula counites, each to get 20 percent.
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