Energy storage developer granted multi-year land lease option
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Description
The Arlene D. DeForest Living Trust granted KCE MI 1, LLC an exclusive option to lease a 10-acre portion of 6709 East Joy Road for development of a battery energy storage facility and associated easements. The option runs for an initial 12 months from May 2025 with up to three automatic 12‑month extensions, and includes multiple easements that run with the land.
Contract Details
Vendor
KCE MI 1 LLC
Agency
Town of Salem, MI
Contract Type
OTHER
Document Date
May 18, 2026
Contract Term
Option effective 2025-05-12 for 12 months, with up to three automatic 12-month extension periods (maximum 4 years)
Renewal Date
2029-05-12
Renewal Info
Initial option period of 12 months from the effective date in May 2025, automatically extendable for up to three additional 12‑month extension periods unless KCE MI 1, LLC gives written notice of intent not to extend at least 30 days before the end of the then-current period. Option may be exercised at any time during the option period.
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