Danville-Pittsylvania Regional Industrial Facility Authority
Agenda — 1 item
- Consideration of Resolution No. 2025-09-08-5C, authorizing the negotiation, execution and delivery of an Easement Option Agreement with Tupelo Storage, LLC, a North Carolina limited liability company, where Tupelo Storage, LLC will have the option to obtain perpetual transmission-line and temporary construction easements on certain portions of real property (GPINs 1356-75-0037 and 1367-30-1931) located in the Authority’s Southern Virginia Megasite at Berry Hill, located in Pittsylvania County, Virginia, under which Tupelo Storage will pay an annual option fee equal to $50,000.00 for up to five years during the option period, and where the purchase price for the easements is equal to $250,000,000.00, provided that the form of such Easement Option Agreement shall be subject to the approval by legal counsel to the Authority as to legal form – Mr. Rowe
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