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Falmouth Federal Wind Turbine II Past Due Loan 3.5 Million
Wind II is subject to specific provisions of ARRA and applicable federal regulations and guidelines- federal law - loan due now
Falmouth Federal Wind Turbine II Past Due Loan 3.5 Million
Wind II is subject to specific provisions of ARRA and applicable federal regulations and guidelines- federal law
The Massachusetts Department of Environmental Protection has indicated and commented on the 5 million Wind II (wind turbine #2) project funding, which was administered by the DEP under the State Revolving Funds (SRF) program.
Find out what's happening in Falmouthfor free with the latest updates from Patch.
If the wind turbine is not used for generating electricity as the Town intended and represented in the federal EPA application for funding. The American Recovery and Reinvestment Act, funds revert to the standard 2% loan.
Outside legal counsel has advised the Town of Falmouth that Wind II is subject to specific provisions of ARRA and applicable federal regulations and guidelines ("Federal Law') in addition to the terms and conditions of the Project Regulatory Agreement ("PRA") and the Loan Agreement associated with the funding of Wind II.
Find out what's happening in Falmouthfor free with the latest updates from Patch.
Under Federal Law and the PRA and Loan Agreement, the Town must maintain Wind II as an "energy efficiency" project, as described in EPA guidelines dated March 2, 2009, in order to benefit from the financial subsidy provided by the Trust under ARRA and the Trust's Clean Water State Revolving Fund program.
Federal regulations governing the Trust's ARRA grant at 40 CRF Part 31.30(d) (1),
These town-owned wind turbines have no special permit 240-166 as stated in the Federal EPA waiver to bypass the Buy American section of the American Recovery and Reinvestment Act and in addition ARRA funds can not be used to "a substantial and specific danger to public health or safety related to the implementation or use of covered funds."
The Massachusetts Court in multiple cases and appeals shut down both town-owned wind turbine in June of 2017
The remainder of the 5 million Falmouth Wind II loan 3.5 million is due plus interest.
Falmouth Town Manager Admits Owing State Revolving Fund-Mass Clean Water Trust -3.5 Million Plus Interest Town Meeting 11/13/19 Massachusetts
1 Hour Twenty Eight Minutes Into Video
Town Meeting Article 14 Wind Turbine Fiasco Continues
