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Do you know if your property has mineral rights associated with it? And if the assessment on your property included those mineral rights? I am thinking depending on where that property is located, it might have something to do with what is underneath it.
Do you own other property nearby? Or will they buy it all?
If the to be sold property is used for solar development the localized temperature WILL go up a few degrees, more so on the hot days.
Also know WHAT TYPE of solar the company uses. Power Towers WILL cook/burn/kill birds in flight between the solar powers and the power tower. Dead birds dropping from the sky is not pleasant, and they drop, when injured, on adjacent property as well. There are also chemicals in the power towers that are pretty nasty, so you want to be outside the fallout zone for chemical releases on the worst windy day. Also look at a power tower and see if you want to see that all the time, its like an extra sun in your face. If it is wired solar panels, then there are not the same issues as with the tower, but there is still a localized increase in temperature.
The other thing is ask what the purpose of the land purchase is. SOMETIMES these companies have endangered and threatened species mitigation for other projects. So they may be required to buy land for tortoise habitat or whatever species and preserve it for habitat. Sometimes the land title gets transferred to a government or non profit entity. So if they buy some but not all of your property, then you may end up with hard to develop property because the area around it is now managed for a protected species.
Though I appreciate all your warnings, I signed a contract. The only thing I didn't like but they wouldn't change is they can terminate it and walk away during up to four 180 day due diligence periods. They need that to apply for permits to interconnect to a utility, and a host of other reasons it may not be viable to begin construction. There must be a lot of Government money available since they are approaching many others in the area all with different offers in relation to the proximity of infrastructure. We figured whats the worst that can happen. They clear me a forty acre field and walk away. Our town has a split mill rate at 3x for commercial, plus assessing all the equipment. And is already littered with power lines from 5 hydro dams, 30 Mw of windmills and a decommissioned nuke plant.
So you are OK with this dragging on over TWO YEARS?!?
Quote:
Originally Posted by cvap
Though I appreciate all your warnings, I signed a contract. The only thing I didn't like but they wouldn't change is they can terminate it and walk away during up to four 180 day due diligence periods. They need that to apply for permits to interconnect to a utility, and a host of other reasons it may not be viable to begin construction. There must be a lot of Government money available since they are approaching many others in the area all with different offers in relation to the proximity of infrastructure. We figured whats the worst that can happen. They clear me a forty acre field and walk away. Our town has a split mill rate at 3x for commercial, plus assessing all the equipment. And is already littered with power lines from 5 hydro dams, 30 Mw of windmills and a decommissioned nuke plant.
Get back to us in 2020 and tell us how it worked out...
Get back to us in 2020 and tell us how it worked out...
It's 2020 now and still no construction. At this point I'm not disappointed since the due diligence fees are huge. 4x my total taxes on the whole property every year..They wanted to extend for another 2 years at even more money per year, so I extended. They seem to think it still is a good project.
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So you are OK with this dragging on over TWO YEARS?!?
