The K2 Wind Power project and the Township of Ashfield-Colborne-Wawanosh (ACW) executed a Community Benefits Fund Agreement (CBFA) and a Road Use Agreement on March 19, with respect to the proposed K2 Wind Power Project.
As outlined in the CBFA, K2 Wind will provide an annual payment of approximately $700,000 to ACW. This payment is in addition to the yearly municipal property taxes the Project will pay. Funds from the CBFA can be directed towards community based initiatives such as community and protective services; education and job training programs; public recreation facilities; land steward initiatives; energy sustainability projects; and property tax relief for residents. ACW Township will have broad discretion in the use of these funds.
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