[Adopted 3-7-2005 by Ord. No. 1-2005; amended in its entirety 4-17-2006 by Ord. No.
2-2006]
The Township of Bear Creek hereby establishes the Wind Park
Fund designed and intended to be funded from the proceeds derived
from the payments made to the Township for the Wind Park(s), plus
any additional amounts which may be added from time to time.
The Board of Supervisors is hereby authorized to open and establish
an interest-bearing account with a federally insured, reputable financial
institution to accept said proceeds.
The Board of Supervisors shall be permitted to use these funds
only upon consent by a majority of the Board Members and only for
the following uses:
A. The partial or full abatement of real property taxes.
C. Acquisition of land for general municipal use.
D. Recreation activities and facilities.
E. Windmill expenses (zoning, consultant fees, etc.).
F. Roadways within Bear Creek Township.
G. Planning Commission and Zoning Board expenses.
Any and all amounts generated as part of the Wind Park Fund
shall be kept separate from the Township's General Fund and shall
not, at any time, be used for balancing the General Fund Budget or
to recoup shortfalls.
Contributions may be made to the account by the Board of Supervisors
under the same conditions set forth herein, regardless of whether
the proceeds are generated from the Wind Park.