Common Contracts

SETTLEMENT AGREEMENT

Settlement Agreement • November 13th, 2020 • Michigan

• Contract Type
  Settlement Agreement
• Filed
  November 13th, 2020
• Jurisdiction
  Michigan

This Settlement Agreement (this “Agreement”) is entered into as of November 13, 2020, by and between Plaintiffs the Counties of Midland and Gladwin, acting through their delegated authority, the Four Lakes Task Force (“FLTF”), Four Lakes Operations Corporation (“FLOC”), and Defendants Sanford Hydro Property, LLC (“Sanford HP”), Edenville Hydro Property, LLC (“Edenville HP”), Smallwood Hydro Property, LLC (“Smallwood HP”), Secord Hydro Property, LLC (“Secord HP”; and together with Sanford HP, Edenville HP, and Smallwood HP, the “HoldCos”), Boyce Hydro Power, LLC (“BHP”), Boyce Hydro, LLC (“BH”; and together with BHP, the “Debtors”), and Boyce Michigan, LLC (“BM”; and together with the HoldCos and Debtors, the “Boyce Entities”). FLTF and the Boyce Entities are parties to the condemnation lawsuits captioned County of Gladwin v. Sanford Hydro Property, LLC, et al., Case No. 20-10509- CC pending in the Circuit Court of Gladwin County, Michigan and County of Midland v. Sanford Hydro Property