PROFESSIONAL_SERVICESAPPROVED

Town of Smithfield Organizational Meeting Minutes January 2026

Wind Project Escrow Agreement Approved for Consulting and Legal Fees

Initial deposit $5,000 (up to $40,000 aggregate per town)City of SmithfieldLIBERTY RENEWABLES AKA HOFFMAN FALLS WIND LLCJanuary 13, 2026

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Description

The Town of Smithfield, along with neighboring towns, entered an escrow agreement with Liberty Renewables aka Hoffman Falls Wind, LLC to reimburse municipal consultant and legal expenses related to the 100-MW Hoffman Falls Wind Project. Initial deposits are $5,000 per town, with an aggregate cap of $40,000, to fund professional reviews of project-related agreements.

Contract Details

Contract Amount

Initial deposit $5,000 (up to $40,000 aggregate per town)

Vendor

LIBERTY RENEWABLES AKA HOFFMAN FALLS WIND LLC

Agency

City of Smithfield, KY

Contract Type

PROFESSIONAL_SERVICES

Document Date

January 13, 2026

Contract Term

Until completion of RUA and HCA or termination conditions; agreement executed 2025, relevant for calendar 2026

Renewal Info

Escrow replenished as needed until the RUA and HCA are completed or the agreement terminates; automatic termination if deadlines are not met or by notice.

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