By Kurt Reinhold, 8/23/18
In the late evening hours, after several other contentious decisions, including re-branding the City’s image and logo, the City of Beaver Dam Common Council Monday night voted 10 to 3 to hire Legacy Solar Co-op to work with (member) North Wind Renewable Energy Cooperative and (member) E3 Lighting to construct two 100-plus kilowatt solar arrays (on the city hall and the Watermark Community and Senior Center) and perform over $31,000 in LED lighting retrofits for the City this fall. The city had announced their hope in a July 27, 2018 article.
This decision sets in motion a new Bonds Campaign to Members who would like to earn between 4% and 6% on Slice-Of-Sun (or SOS) Co-op Bonds. Legacy Solar Co-op will be making a loan of up to $80,000 to the Tax Sponsor for the solar and lighting project in Beaver Dam. We have close to $40,000.00 in our Bond Loan Fund currently, so we need to sell another $40,000 of SOS Bonds in the next 6 weeks to meet our goal and complete the capitalization of this very important project. Read more