Common Contracts
1 similar Community Vibrancy Fund Agreement contracts
Community Vibrancy Fund AgreementCommunity Vibrancy Fund Agreement • November 30th, 2023
Further to our delegation at the November 22nd Planning Advisory and Committee of Adjustment meeting for the Project, we are pleased to enclose a copy of a Community Vibrancy Fund Agreement (the “Agreement”), for your review and comment. If the Project obtains a contract from the IESO and reaches commercial operation, the Agreement will require Rideau Energy Storage LP to make community contribution payments of $150,000 per year for 20 years to a Community Vibrancy Fund for the Township of Rideau Lakes (the “Township”). The fund can be used to support community-based initiatives and activities in the Township over the coming decades. Based on the Project’s expected benefits to the community, including the funds to be received by the Township, we respectfully request a municipal support resolution to support the Project in the IESO RFP process.
