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Mt. Pulaski , Illinois
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May 2, 2015     Times
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May 2, 2015
 

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+ 6 I_oft - William Kelsey, consultant for Relight. Right Wayne Woo, a partner in Relight Capital, the Italy-based energy invest- ment firm that is backing this project. Times Photo Do You Know Who You Can Trust? As A Real Community Bank@, we're It's a hard choice in today's financial committed to the community where we Marketplace. live and work. Committed to making With so many banks and other financial all our decisions locally and remaining companies trying to get your focused on the needs of our business, it's hard to know customers and community. who really has your best interest at heart. Come visit and What's the solution? Placing your trust in A Real Community Bank@ solves that problem. Because only banks qualified to display this banking seal of approval are dedicated to hometown values and hometown commitment. tell us how we can serve you. II 130 S. Washington St. Mt Pulaski www.farm-bank.com By Mike Lakin time between January and April ReLight retumed to Mt. to do a lot of work, especially Pulaski Wednesday April 22when it comes to projected for the first public presentation property tax benefits and new no/a-tax financial incentives. since it failed to achieve county approval earlier this year. For the first time, Relight broke Relight's revised project - down what each taxing body Meridien Wind Farm - is an will receive in "new-additional 81-wind turbine proposal,taxes" from Relight. These Wayne Woo made this presen- "new-additional taxes" have tation. Mr. Woo is a partner in made a significant impact on Relight Capital, the Italy-based many in not only Mt. Pulaski, energy investment firm that is but also surrounding communi- backing this project. Joining ties. Mr. Woo was William Kelsey. Mr. Woo said that "under the Mr. Kelsey has developed U.S. wind farm projects - and more importantly - wind farm proj- ects in Logan and McLean. He is now a consultant for Relight. Mr. Woo addressed problems his company faced leading up to the failure to attain county approval in January. He char- acterized what had happen as poor community relations and an ill-advised attempt to rush the project last fall in order to qualify for federal Production Tax Credits (PTC). He then took a "clean slate" approach to his presentation. It appeared Relight took the real estate tax rules, the com- pany would be paying property taxes for 25 years, the years of planned operation. He noted that if the project continued for 30 years the company would continue to pay property taxes. No one from the county dis- putes the following figures as presented. Relight is basing the long- term tax payments to various government bodies on figures obtained from Logan County. The figures are based on exist- ing taxes and an estimated inflation rate of 2.5%. Based on their figures, the company will t~ t~ O OI