LOGANSPORT, Ind. (WLFI) – The developer who wants to build an $800 million power plant in Logansport was represented for the first time in a public meeting Monday night. However, the developer’s name or group is still unknown.
The public information session Monday night rehashed many of the details already known about the new power plant proposed for Logansport. But among the familiar faces of Mayor Ted Franklin and attorney and consultant Brian Bosma was Dick Dilling, a representative for the newly formed Logansport Energy Group LLC.
“It’s kind of a no-brainer for the city,” said Dilling. “You won’t have to pay another dime. If they receive it, they are going to make millions so come on, let’s move forward.”
The purpose Monday was to inform the public about the Development Agreement for the plant. The DA is a supplement to the Power Purchase Agreement, a document that was approved by the city in June.
The DA outlines several financial arrangements including that the developer is responsible for paying outside consultant studies, for purchasing the site that will be developed and must reimburse the city for the disposal costs for Logansport’s solid waste. Most notably it spells out that the developer must pay a franchise and due diligence fee of $1.75 million to Logansport to reimburse the city’s costs over the last two years. At the very latest, the fee must be paid by March 31, 2015.
It also provides a project development plan that should provide a schedule and updates for items like preparing design documents, permitting activities, and even providing a public information plan and point of contact.
But for some, the lack of knowledge behind the identity of the Logansport Energy Group is concerning. Even the Logansport Energy Group itself is a name for an entity which replaces Total Concept Solutions LLC.
One dissenter cited an unnamed source who told him a name of someone who may have ties to crime or worse.
But Dilling, himself a Logansport resident and two weeks on the job, said that’s not true.
“We don’t deal with people like that. We have upstanding good customers every day,” said Dilling. “We have the same customers for 30 years, so we won’t deal with a person like that if it’s true.”
Dilling said the reason for the mystery is so that the person spearheading the power plant can choose their financial partners. But if all passes as scheduled in September, he said that will change soon. He expects that the name will be released in two months or less.
“That’s correct,” said Dilling. “You will know the people.”
The Development Agreement is scheduled for votes in front of the city council on Sept. 11 and 17, the Utilities Service Board on Sept. 16 and the Logansport Board of Works on Sept. 18.
If it’s approved, Franklin said the next step is for the developer to produce partial drawings. Then the developer can apply for an air permit, a process that could take anywhere from 9 to 18 months.