COMMUNITY VIBRANCY FUND AGREEMENTCommunity Vibrancy Fund Agreement • August 7th, 2015 • Ontario
WHEREAS the Proponent is participating in the Independent Electricity System Operator’s (“IESO’s”) procurement program for large renewable energy projects (the “Procurement Program”) pursuant to which the IESO intends to enter into supply contracts with selected proponents for the supply of electricity from renewable generating facilities; and
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.
COMMUNITY VIBRANCY FUND AGREEMENTCommunity Vibrancy Fund Agreement • June 5th, 2015
WHEREAS the Proponent intends to bid projects within Brant County with the goal to enter into a Power Purchase Agreement (the “Supply Contract”) with the Independent Electricity System Operator for the supply of electricity from a commercial Solar energy generating facility (the “Solar Project”) located in part on lands and premises within the County of Brant (“Brant County”); and
Community Vibrancy Fund Agreement HighlightsCommunity Vibrancy Fund Agreement • September 23rd, 2011
It is the Ontario Provincial Governments Green Energy Act which regulates the development and operation of renewable energy projects in the Province. The Ontario Power Authority is an agency of the Province which provides power generation contracts.
