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8 Cont'd From Pages 6-7 Corey questioned the LLC company structure, and pro- posed that after the project was no longer profitable, Relight could dissolve the LLC and leave the county with worthless towers. community has matured. We as a company have matured and are able to lean on the financ- ing community to give us better terms. So, things have moved around, and the reason why it took us two months to come "If you've got a trust relation- up with this redesign is because ship, that everybody's going to we wanted to really come up uphold their ends of the bar- with something that would gain, it can work. But I think benefit the community. If you that trust is gone, and I don't don't believe that we'll do that think you can get it back," said because the trust is gone, all I Leonard. "I appreciate your pre- can say is that it's a shame and sentation, but we also won't be we will continue to try and earn supporting this project." that trust. I don't know how Woo responded... "I can long it will take, but we'll con- understand why the trust is tinue trying." gone. I can also explain whya lot When it was suggested that originally was for this project, together with another project, to be the platform through which we would launch our US business, actually. In relation to the lack of trust and opposition that we're facing.., we've sunk a lot time, effort, and resource into this project, and we want to see what can come out of it. We understand the opposition. We thank you for coming even though you oppose the proj- ect, but we will continue to try to volunteer different types of solutions, and, as I said, every- one is entitled to their own opinion .... We're trying. If the efforts are not appreciated, then of this stuff was not presented, the company look elsewhere to so be it, but we're trying. We Part of the reason is the finan- develop the project, Mr. Woo owe it to ourselves to try." cial dynamics weren't there, so for example, seven years ago turbine prices were at different levels. Energy prices were at different levels. The US at one point didn't even have the PTC (tax incentive). The financing if they depend on you, you need LIFE INSURANCE! You can't predict the future, but it's easy to see that without you-- your family's future could be at risk. Your Pekin InsuranceAgent can help you protect all the important things in life. Call today to put your mind at ease with the right life insurance coverages for you and your family! Downing, Przykopanski, Clements & May Insurance Agency, i.c. 109 S. Lafayette - Mt, Pulaski said... "It may be better to look elsewhere; that's why we've got a pretty large global portfolio of wind projects we're trying to develop. We have other proj- ects in the US that we're trying to develop, too. Our intention During the Wednesday pre- sentation, Mr. Woo explained Relight. He said... "Relight is a pri- vately owned group.., founded in 2003 by private principals, and it started developing wind and solar projects all around the world starting in Italy and in Turkey, and moved to the U.S. in 2007, and has been develop- ing this Meridien wind project for close to eight years. Relight is headquartered in Italy and has a global portfolio of 10 giga- watts, that's 10,000 megawatts. By comparison, based on the redesign, this project is now 162 megawatts. Relight is present in south- ern, central and eastern Europe, Kazakhstan in central Asia, it is active in Africa, in Turkey, and in the U.S. Relight has experience across the value chain, from development, to raising finance and working with investors, to managing construction and turning a construction project into an operational project, and CONAWAY ] Fully Insured >- Painting Small Repairs Other Handyman Jobs Larry L Conaway Jr 217-737-4133 615 S Sprin~l St- klt Pulaski Tom Martin... "I think we believe that we'll continue to stand against that for as long as it takes and for however much money you bring to our community." Times Photo once the project is operational to manage that asset, as well. Relight has done that in the past, and r ot only Relight, but also Relight's principals, includ- ing myself. In total, if you look at the principals' track record, we have developed 5,000 mega- watts of renewable energy. During an initial comment Tom Martin stated, "]'1i direct my comments to you, but also to the community. In all fairness, first of all, we appreciate your working and trying to come up with solutions to our concerns. But in all fairness to you, so we're straight with one another, and we'll agree to disagree that the organization, the group of people, my family, and those people here who are with us, would you stand up, who agree with what I have to say? We stand in opposition, continue to stand in opposition to the com- pany that you represent and any project that may come to Logan County at this time, and I know you've brought a tremendous amount of money to the table, and I think we believe that we'll continue to stand against that for as long as it takes and for however much money you bring Plumbing . Cooling Backhoe Service Septic Systems IL LIC 058-147596 to our community," said Martin. About half of the 100 people in attendance stood with him as he made his remarks. Woo replied, "We appreci- ate that everyone has their own view, and that's respected. Our intention, as I mentioned to var- ious members of the commu- nity before, is that we are real- istic and we don't think we will be able to change the views of everyone, but we want to show the community that we have listened, and that we are trying our best to create a project that other members of the commu- nity may actually want. And it will be up to the community to decide what works and what doesn't work; we are simply the facilitators. Feed back is wel- come, we are not fighting, and we just want the community to decide." Mr. Woo summarized Relight's position" stating the company is asking for the sup- port of the community and asks the community to engage with the company in the redesign of the wind farm project. He reminded the community that the company is increasing land- owner payments, making a sig- nificant contribution through real estate taxes over the next 25 years, making additional financial contributions to unit District 23, establishing a com- munity project fund, and pro- viding a means of insurance to guarantee property values for people living within the area of the wind generators. Relight intends to go back to the county board in July for a special use permit. I0 I0 O i.a O!