Wind Energy Feasibility Study - Town Of Orleans
Wind Energy Feasibility Study - Town Of Orleans
Wind Energy Feasibility Study - Town Of Orleans
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Project Ownership & Financing• Owned by <strong>Town</strong> of Falmouth for entire useful life• Majority of cost financed via General Obligation Bond– Supported by the <strong>Town</strong>’s full faith and credit• Initial temporary (2 year) bond– Interest-only payment after 12 and 24 months (from issuance)• Convert to permanent bond financing after 24 months– 15-year tenor– 5.0% annual interest rate– Debt Service Reserve Account not required– Debt closing costs: $30,000
Change language