PRESS RELEASE
January 6, 2010

ON JANUARY 4TH 2009 THE TOWN OF COHOCTON RECEIVED ITS COMMUNITY HOST PAYMENT FROM THE TOWNS WIND ENERGY COMPANY, FIRST WIND.

THIS PAYMENT OF $837,500.00 WAS THE 3RD PAYMENT TO THE TOWN. THIS IS THE ONLY WIND FARM IN STEUBEN COUNTY AND HAS TURNED OUT TO BE A BLESSING IN DISGUISE FOR THE TOWNS ECONOMY.

THE TOWNS BUDGET WAS ADPOTED BASED ON THE ANTICIPATED REVENUE FROM THE WIND FARM AND UNDER THE BUDGET THE MONIES:
• MAINTAIN THE 60% DECREASE IN THE AMOUNT OF TAXES IT RAISES FROM LANDOWNERS.
• ALLOWS FOR $220,000.00 FOR PURCHASE OF NEW HIGHWAY EQUIPMENT.
• CONTINUE IMPROVEMENTS AT THE LAWRENCE PARKS RECREATIONAL AREA.
• DEVELOP PLANS FOR FUTURE HIGHWAY FACILITES IMPROVEMENTS.

IN ADDITION TO THE HOST PAYMENT THE TOWN WILL ALSO RECEIVE $100,000.00 FOR THE IMPROVEMENT AND RECONSTRUCTION OF ROADS IN THE TOWN.

THE TOWN OF COHOCTON IS IN VERY GOOD FINANCIAL CONDITION AND HAS PREPARED ITSELF FOR THE NEXT 2 TO 3 YEARS OF FEDERAL, STATE AND COUNTY FISCAL DISASTER.