e Portsmouth Town Council has heard a number of possible outcomes for the town's wind turbine. The turbine has been broken since May of 2012.
The repair costs are near one million dollars.
So far two options have been presented for discussion to the council.
Special legislation was passed by the R I General Assembly in 2007 that allowed one vote by the residents of Portsmouth. That legislation was for a 3 million dollar bond and a commercial wind turbine in one package . How now do you break up the package without rewriting the bond at a higher interest rate in order to go into a public private partnership ? Does the Town of Portsmouth have another issue with the percentage rates of the bond on top of the catastrophic commercial wind turbine failure?
Will the Town of Portsmouth need special legislation as a requirement to both borrow money to pay removal costs and to potentially refinance tax-exempt bonds in case the turbines are resold to a non-governmental body?
Will the Town of Portsmouth will need special legislation as a requirement to both borrow money to pay removal costs and to potentially refinance tax-exempt bonds in case the turbines are resold to a non-governmental body. ?
If a new commercial wind turbine is constructed what is the abutter notification and permit process for a private contractor ? What are the new setbacks to the town water tank, high school field and highway ?
This is the year 2007 General Bond Bill for 3 million and Install a wind turbine at Portsmouth High School.
Senate Bill S 0260
http://webserver.rilin.state.ri.us/BillText/BillText07/SenateText07/S0260.htm
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