Logansport approves on one power plant agreement, delays vote on another

LOGANSPORT, Ind. (WLFI) – Logansport city leaders took one step forward and one step back on a hotly contested $800 million power plant Monday night.

The City Council passed the second and final reading of the Power Purchase Agreement by a vote of 5-2. It’s the same margin as the first vote earlier this month, with council members Chuck LaDow and Jeremy Ashcraft voting no. The Power Purchase Agreement is the financial agreement on the proposed plant.

The other major document, called the Development Agreement, is still being negotiated.

Mayor Ted Franklin hoped to have a first vote on it even without the document in hand. But he kept it off the agenda, after all council members signed a letter with that request after the vote earlier this month.

“Yeah, it slows me down a little bit. But I look at it like this, the city council is the one that brought me to the dance and I have to dance with them. If they want me to take a step back, that’s what we’re going to do,” said Franklin.

Tony Campbell was one of two people to speak up against the city’s actions.

“The city has already got one agreement with a power company that went under. We spent a lot of money and it went nowhere. I’m afraid we’re going down that same road,” said Campbell.

The letter from the city council also asks for a waiting period of 30 days to review the Development Agreement once it’s released.

Franklin said it’s possible it could be ready within a week, but it could take longer.

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