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Power Transmission Easement
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cows-n-crops
Posted 1/20/2025 22:08 (#11065767 - in reply to #11065380)
Subject: RE: Power Transmission Easement


NEMO
fcw7791 - 1/20/2025 18:42

The lease agreement covers pretty well everything that you fine gentlemen have mentioned. It pays the signing bonus and $3/ft annually plus no less than 2% or no greater 4% of the per/ft payment based off the consumer price index. The 2%-4% is added to the previous years payment. The payment will increase at least 2% every year. It's a 30 year lease with option for two more 10 year extensions on the same terms. If they decide to extend after the initial 30yr lease, the per/ft payment will still increase 2-4% based off the payment at 30yrs. Sorry for rambling and I hope I explained that without confusion.
Thank you all for the replies.


What company is wanting the easement?
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