The guarantee should be for a period of time beginning with the announcement of a wind farm in my area, and be in effect until the turbine is removed. There should be no dollar limits. All non-participating homeowners should be covered by the guarantee.
I do agree that the guarantee would be for the current owner and does not pass on to the person who buys my house. If he is dumb enough to buy a house in a wind farm, he deserves whatever happens.
I, on the other hand and being an honest person, could not in good conscience sell my house to someone else without informing the new owners of what I know about the turbines, should they ask.
If there is not a need for a guarantee, then why would it be an issue with the appraisers? We refinanced our home in May to get a lower rate. I had a “no wind farm” sign in my front yard. The appraiser asked about it and if there were plans to build in my area. I said I believe there have been leases signed, but the wind companies have not filed with the county yet.
She was from Kokomo and was aware of the publicity of the wind farm issues in Tipton and Howard counties. She also said that her company had made the decision not to do appraisals for the sake of a pre-wind-farm appraisal. It was concerned about possible future litigation.
I was surprised and concerned when I got the appraisal and she had included in the special comment section that “at this time there are no wind farms planned near this property.” The mortgage company representative doing my loan was very concerned, as he said the underwriters are scrutinizing loans for anything that might possibly affect the loan or the property.
The 1,500-foot setback from property lines and a property value guarantee are not negotiable. They are standards set by the BZA and must be adhered to. If, as according to Mr. Cohee, the project won’t work, then I guess it won’t work and it’s time for juwi and E.ON to move on.