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Northfold Energy Partners, LLC
Development office: 88 East Broad Street, Suite 1400, Columbus, Ohio 43215 | northfold-energy.example
Option and Lease Summary
Tamsin Ridge Solar and Storage Project, Harrison Township, Carroll County, Ohio
Prepared by the Northfold land team for Tamsin Ridge Solar, LLC. May 30, 2023.
1. Site control at a glance
Tamsin Ridge Solar, LLC holds option-to-lease agreements on 12 of the 14 parcels (1,063.4 acres) and a
recorded underground collection line easement on Parcel 7 (45.6 acres). Parcel 11 (31.0 acres, Okerlund Family
Trust) is not under agreement. Each option was recorded by a memorandum of option in the Carroll County
Recorder's office.
Term Standard form (all 12 options)
Option period 5 years from execution, with one 3-year extension on notice and payment
Option payments Annual per-acre payment during the option period; credited against rent
Lease term 35 years from the commercial operation date, with two 5-year renewals
Rent Fixed annual rent per fenced acre with a 2% annual escalator; crop damage paid
Use Solar generation, battery storage, substation, collection and gen-tie lines, roads
Lessor reservations Hunting outside the fence; farming of unfenced land; oil and gas rights
Decommissioning Lessee removes all facilities to a depth of 36 inches and restores the soil within 12 months after
the lease ends; lessee posts security
Drain tile Quote starts. Lessee repairs or reroutes tile damaged by construction Quote ends.
Assignment Free assignment to affiliates and lenders; lender protections included
2. Status by landowner
Landowner Parcels Acres Agreement Executed
Varnum Farms LLC 1, 2 215.1 Option to lease Aug. 16, 2021
Jessamy and Corwin Strohl 3, 4 160.6 Option to lease Oct. 4, 2021
Hallorann Land Company LLC 5, 6 165.5 Option to lease Nov. 22, 2021
Delphine Asquith 7 45.6 Collection line easement Recorded Nov. 3,
2022
Bertrand and Ione Kellerman 8 79.8 Option to lease Jan. 18, 2022
Pettibone heirs (Ada Pettibone, trustee) 9, 10 210.0 Option to lease Feb. 7, 2022
Okerlund Family Trust 11 31.0 None; in negotiation -
Marlis Thornbury 12, 13 155.2 Option to lease Mar. 29, 2022
Ruedell Partners LLC 14 77.2 Option to lease June 30, 2022
Northfold land team - privileged and confidential Page 1 of 2
