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County goes with Cob's offer
Wednesday April 20, 2005 by DYLAN DARLING
The Klamath County Board of
Commissioners laid the financial foundation for the
Cob Energy Facility Tuesday by agreeing to the
developer's offer to pay $2.5 million per year for
15 years instead of property taxes.
"I think we were in the
position where we had to try to get the best we
could," Elliott said.
Turner put out the $2.5
million offer at a meeting with commissioners Feb. 1
as part of a deal for the enterprise zone, which
would give the company a break on property taxes. If
the city of Klamath Falls agrees, an
already-existing enterprise zone would be extended
from Klamath Falls to the plant site, allowing the
"When you look at that, it
doesn't look that bad," Switzer said.
Peoples Energy's lawyers
will now look over the agreement. Commissioners will
sign on May 10, barring no major changes, but the
enterprise process is far from over.
Brown, a Langell Valley
native, wasn't the only one who still opposes the
deal for the power company.
She said the company had
said it had a final offer before - $1.5 million -
and then went up.
"People do need jobs in this
county," said Trey Senn, executive director of the
Klamath County Economic Development Association. He
said the county has 10 percent unemployment.
Page Updated: Thursday May 07, 2009 09:14 AM Pacific
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