Unhappy Taxpayer & Voter sent an Open Records Request for information

on the Green Energy Partners information the fellow

Gasification Plant on November 19, 2012. We received some very interesting

CHASE members and general public may not be aware of to include the following: 1. Neville Anderson with the Green Energy Partners made the following Development Authority: request of the DeKalb

April 09, 2012 - Requested 10 year abatement. April 06, 2012 - Request a property tax incentive because "the project's financial advisor indicates that some form or credit enhancement is necessary to sell the bonds."

December 21, 2011 - Part of the financing package for the plat is the EB5 visa program, this program allows foreign investors to invest equity in American projects in return for a green card.

The Green Energy Partners, LLC(GEP) and Green Energy Resource Center (GERC): 2. GEP is committed to providing substantial community committed benefits to DeKalb County and to the City to: of at least 20% of the project

of Lithonia. To that end, GEP has voluntarily

Guarantee Local Small Business Enterprise participation construction and operation budget. and permanent jobs.

3.

Create 75 to 100 temporary

Provide scholarships to local secondary and college students to promote study in this new field and to enhance existing local schools programs. The County would also derive the following environmental GERC project: and economic benefits from the

Eliminate processing and transportation

costs for the woody biomass.

The useful life of the landfills would be greatly increased. Reduction of carbon footprint Increase in the tax base. in the County.

Two major promises made to the citizens of South DeKalb were that the Gasification Plant would provide jobs and increase the tax base. However, the Open Records Request revealed these promises maybe well financed political lies if: The tax abatement removes the requirement for the gasification plant to pay taxes

The EB5 visa program is used to fill the job openings. to determine the "truth" and hold our elected officials accountable for

We need further information misleading the public.

Copy of ORR below and documents

provided upon request:

From:

voterwhocares

<voterwhocares@aol.com>

To: SLJackson

<SLJackson@dekalbcountyga.gov> <voterwhocares@aol.com>

Cc: voterwhocares Subject: Date:

ORR for Green Energy Partners Mon, Nov 19, 2012 12:31 pm

Memorandum
To: DeKalb County Development Authority and Shelbia L. Jackson cc: CEO Burrell Ellis, DeKalb County Board of Commissioners, Unhappy Taxpayer and Voter and all appropriate parties From: Viola Davis with Unhappy Taxpayer and Voter Date: 11/19/2012 Re: Open Records Request for information on 53 Million Dollars for Green Energy Partners issued by DeKalb Development Authority in the month of February 2012

Open Records Request for information on the 53 Million Dollars for Green Energy Partners issued by DeKalb Development Authority

Pursuant to the Georgia Open Records Law (O.C.G.A 50-18-70 et seq.) (the Law) and/or Freedom of Information Act, you are hereby requested to make available for review and copying all files, records, tapes, and other documents in your possessions that refer or relate to the information concerning the 53 million dollars in bond funding for its proposed biomass facility in Lithonia, Georgia by DeKalb County Development Authority around February 2012. The location of the facility is 1770 Rogers Lake Road. If this request is denied in whole or in part, we ask that you cite in writing the specific statutory exemption upon which you have relied, as required by law. We also ask that you release all separate portions of otherwise exempt material. Please waive any costs associated with this request, or first inform us about costs as required by Georgia law. As you know, the Law requires a response by you within three business days of your receipt of this letter and provides sanctions for non-compliance. I look forward to hearing from you. I can be reached at 770-256-0034 or via my email at voterwhocares@aol.com. Our mailing address is 909 Rays Road, Stone Mountain, Ga. 30083. Sincerely, Viola Davis

12/5/12

ORR f or Green Energy

Partners

From: voterwhocares <voterwhocares@aol.com> To: SLJackson <SLJackson@dekalbcountyga.gov> Cc: voterwhocares <voterwhocares@aol.com> Subject: ORR for Green Energy Partners
Date: Mon,Nov 19,2012 12:31 pm

Memorandum
DeKalb County Development Authority and Shelbia l. Jackson CEO Burrell Ellis, DeKalb County Board of Commissioners, Unhappy Taxpayer and Voter and all appropriate parties From: Viola Davs with Unhappy Taxpayer and Voter Date: 11/19/2012 Re: Open Records Request for information on 53 Million Dollars for Green Energy Partners issued by DeKalb Development Authority in the month of February 2012 To:

cc:

Open Records Request for information on the 53 Million Dollars for Green Energy Partners issued by DeKalb Development Authority
Pursuant to the Georgia Open Records Law (O.C.G.A 50-18-70 et seq.) (the Law) and/or Freedom of Information Act, you are hereby requested to make available for review and copying all files, records, tapes, and other documents in your possessions that refer or relate to the information concerning the 53 million dollars in bond funding for its proposed biomass facility in Lithonia, Georgia by DeKalb County Development Authority around February 2012. The location of the facility is 1770 Rogers Lake Road. If this request is denied in whole or in part, we ask that you cite in writing the specific statutory exemption upon which you have relied, as required by law. We also ask that you release all separate portions of otherwise exempt material. Please waive any costs associated with this request, or first inform us about costs as required by Georgia law. As you know, the Law requires a response by you within three business days of your receipt of this letter and provides sanctions for non-compliance. I look forward to hearing from you. I can be reached at 770-256-0034 or via my email atvoterwhocares@aol.com. Our mailing address is 909 Rays Road, Stone Mountain, Ga. 30083. Sincerely, Viola Davis

mail.aol.com/37242-111/aol-6/en-us/maiI/PrintMessage.aspx

Jackson, Shelbia L. From: Sent: To:

Subject:

neville anderson [nevandergep@gmail.com] Monday, April 09, 201211:16 AM Monacell, Jim; Whatley, Charles R.; Jackson, Shelbia L.; Gilchrist, Ernest R. Bond Meeting tomorrow

Charles, Bridget has advised me to seek the 10 year abatement. I will be there in the morning. Neville

Jackson. Shelbia 1. From: Sent: To: Cc: Subject: Attachments: Monacell, Jim [JMONACELL@sgrlaw.com] Friday, April 06, 2012 II :04 AM Bobbie Sanford; Gregory Baranco; Judy Turner; Kevin Greiner; Lani Wong; Tisha Tallman; Vaughn Irons Whatley, Charles R.; Slone, Drew M.; Jackson, Shelbia L. DADC/Green Energy Partners and United Parcel Service Inducements DADC_Green Energy Partners - Resolution RE Removal of Inducement Condition (9415108_2 ).DOC; 9446634_2 .DOC

We have received the application from United Parcel Service for a $15,000,000 expansion of it distribution and customer service center, and the application will be in your board materials. This will be a taxable bond issue to provide property tax incentives in accordance with the usual policy. The inducement will require that a satisfactory economic impact analysis be completed and reviewed prior to bond issuance. Otherwise the application meets the Authority's criteria, and I recommend that it be approved. We also have been asked by the Green Energy Project that received an inducement two months ago for a modification. The original application did not ask for a property tax incentive, and the project now asks for that incentive. The Project's financial advisor indicates that some form or credit enhancement is necessary to sell the bonds, and has proposed that the amount of tax savings applicable under the incentive policy be paid into a reserve fund to further secure the bonds. The Authority generally asks projects to choose between issuing tax exempt bonds and use of property tax incentives. Here a portion of the bonds are expected to be tax-exempt and a portion taxable, due to restrictions of the federal bond rules. Also DeKalb County will contract with and utilize this project for disposal of its yard waste. Under these circumstances it is reasonable for the board to consider including the property tax incentive. The proposed resolutions for both of these matters are attached, and Shelbia should include these in your board materials.
JIM MONACELL

I Attorney

at Law

404-815-3555 phone 404-685-6855 fax www.sgrlaw.com jmonacel/@sgrlaw.com Promenade Two, Suite 3100 1230 Peachtree Street, N.E. Atlanta, Georgia 30309-3592

--.. _.l'~'
~

SMITH, GAMBRELL & RUSSELL, LLP

IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Intemal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

Confidentiality Notice This message is being sent by or on behalf of a lawyer. It is intended exclusively for the individual or entity to which it is addressed. This communication may contain information that is proprietary, privileged or confidential or otherwise legally exempt from disclosure. If you are not the named addressee, you are not authorized to read, print, retain, copy or disseminate this message or any part of it. If you have received this message in error; please notify the sender immediately bye-mail and delete all copies of the message.

J ackson, Shelbia L.

~('QJ\
Bridget Chisholm [bridget.chisholm@bwcconsulting.com] Friday, March 30, 2012 1:36 PM Whatley, Charles R.; Monacell, Jim; nevandergep@gmail.com Jackson, Shelbia L. Re: WfE Project High

From: Sent:
To:

Cc: Subject: Importance:

All, I've outlined a brief agenda to guide our call. We can add to as needed based on the call. Look forward to speaking with you shortly.

Agenda:

GEP Update - Agreements, Financing, Concerns Review Question on abatement "collection" Discussion - Outstanding issues, DeKalbjauthority Next Steps

matters

Bridget Chisholm BWC Consulting Email: bridget.chisholm@bwcconsulting.com Website: http://www.bwcconsulting.com Tennessee Office 915 E. McLemore Ave., Suite 205 Memphis, TN 38126 Mobile: 901.230.3980 Office: 901.672.8420 x212 Fax: 901.942.6448 North Carolina Office PO Box 5183 Greensboro, NC 27435 Phone: 336.691.5786 Fax: 919.688.8478

(2)
building wealth &tomrnunities

bwc

From: "Whatley, Charles R. (crwhatley@dekalbcountyga.gov)" <crwhatley@dekalbcountyga.gov> Date: Mon, 26 Mar 2012 13:34:32 -0400 To: "Monacell, Jim" <JMONACELL@sgrlaw.com>, "nevandergep@gmail.com" <nevandergep@gmail.com>, <bridget.chisholm@bwcconsulting.com> Cc: "Jackson, Shelbia L." <SUackson@dekalbcountyga.gov> Subject: RE: WTE Project
1

Bridget Chisholm

We ~ill arrange the call-in and send out an invite. Thanks.

Charles Whatley

I Director,

Jobs & Economic Growth Group I Clark Harrison Building 1330 West Ponce de Leon Avenue, 6th

Floor 1 Decatur, GA 30030 1 W: 404.687.2742 (Direct Dial)

I Q0: 404.687.2733(Fax) I [8]: crwhatlev@dekalbcountyga.gov

From: Monacell, Jim [mailto:JMONACELL@sgrlaw.com]

Sent: Monday, March 26, 2012 1:26 PM

To: 'nevandergep@gmail,com'; Subject: RE: WTE Project

Bridget Chisholm; Whatley, Charles R.

Let's make this call at 2:00 pm Friday. Charles, can you have your office set up a call-in number?

JIM

MONACELL

I Attorney at Law

404-815-3555 phone
404-685-6855
fax

www.sgrlaw.com jmonacell@sgrlaw.com
Promenade Two, Suite3100 1230 Peachtree Street, N.E. Atlanta, Georgia 30309-3592

lilI!
SMITH, GAMBRELL

& RUSSELL, LLP

From: nevandergep@gmail.com

[mailto:nevandergep@gmail,com]

Sent: Monday, March 26, 2012 12:19 PM

To: Bridget Chisholm; Whatley, Charles R.

Cc: Monacell, Jim

Subject: Re: WTE Project Jim, you call the time. Neville Sent on the Sprint Now Network from my BlackBerry From: "Bridget Chisholm" <bridget.chisholm@bwcconsulting.com> Date: Man, 26 Mar 2012 12:01:34 -0400 To: Whatley, Charles R.<crwhatley@dekalbcountyga.gov> Cc: Monacell, Jim<JMONACELL@sgrlaw.com>; neville anderson<nevandergep@gmail.com> Subject: Re: WTE Project

After 1 works for me as well Sent from my iPhone On Mar 26,2012, at 12:00 PM, "Whatley, Charles R." <crwhatley@dekalbcountyga.gov>wrote:
After 1 pm works for me. Jobs & Economic Growth Group IClark Harrison Building /330 West Ponce de Leon Avenue, 6th Floor I Decatur, GA 30030 I ir: 404.687.2742 (Direct Dial) I~: 404.687.2733(Fax) I 181:crwhatley@dekalbcountyga.gov

Charles Whatley

I Director,

<image001.jpg>

From: Monacell, Jim [mailto:JMONACELL@sgrlaw.com]

Sent: Monday, March 26, 2012 11:47 AM

To: 'neville anderson'; Whatley~ Charles R.
Cc: Bridget Chisholm

Subject: RE: WTE Project

I have not yet heard from Charles, but I have those times open.
JIM MONA CELL I Attorney at Law 404-815-3555 phone 404-685-6855 fax www.sgrlaw.com jmonacell@sgrlaw.com
Promenade Two, Suite 3100 1230 Peachtree Street, N.E. Atlanta, Georgia 30309-3592

<IMAGE002.JPG>

SMITH,GAMBRELL

& RUSSELL, LLP

From: neville anderson [mailto:nevandergep@gmail.com] Sent: Friday, March 23, 2012 3:54 PM To: Whatley, Charles R.; Monacell, Jim Cc: Bridget Chisholm Subject: WTE Project

Charles and Jim, can we set up a time to talk next Friday the 30th in the early morning before lOam or anytime in the afternoon after 1pm. I also have on my calendar April 10 for the tax abatement add on. Neville
IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

Confidentiality Notice This message is being sent by or on behalf of a lawyer. It is intended exclusively for the individual or entity to which it is addressed. This communication may contain information that is proprietary, privileged or confidential or otherwise legally exempt from disclosure. If you are not the named addressee, you are not authorized to read, print, retain, copy or disseminate this message or any part of it. If you have received this message in error, please notify the sender immediately bye-mail and delete all copies of the message.

<Charles R Whatley Jr .vcf>

IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended orwritten to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii)

Development Authority of DeKalb County, Georgia

DEVELOPMENT AUTHORITY BOARD MEETING

2012 Board Members Officers

Mrs. Judy Turner Chair of the Authority President Private Bank of Decatur

Agenda Tuesday, April 10, 2012 Cornerstone Bank, Community Room 125 Clairemont Avenue, Decatur, GA 30030

8:00a.m. Convene and Welcome Board and Guests - Mrs. Judy Turner, Chair DeKalb Private Hospital Authority Convenes

Mr. Vaughn Irons Vice-Chair of the Authority CEO APD Solutions, LLC

Approval of January 11,2012, February 14,2012, March 13,2012 Board Meeting Minutes, and January 28, 2012 Retreat Minutes - Mrs. Judy Turner, Chair Approval of January- March 2012 Financials -Mr. Gregory Baranco, Treasurer Life Science Initiative Update - Mr. Jim Heitner

Ms. Lani Wong Secretary of the Authority Chair National Association of Chinese-Americans (NACA)

DeKalb Private Hospital Authority Adjourns

Development Authority of DeKalb County Convenes Approval of March 13,2012 Board Meeting Minutes - Mrs. Judy Turner, Chair

Mr. Gregory Baranco Treasurer of the Authority President & CEO Mercedes-Benz of Buckhead Ms. Tisha R. Tallman Board Member of the Authority President & CEO Georgia Hispanic Chamber of Commerce Mr. Kevin Greiner Board Member of the Authority President & CEO Gas South

Approval of January - March 2012 Financials - Mr. Gregory Baranco, Treasurer

Decision Approval of Inducement Resolution for United Parcel Services, Inc. - Mr. James Monacell, Esq. Authorization of Transfer of Properties under Expired Leases for Eastman Kodak, Noland Company and Lou Walker Senior Center Projects - Mr. James Monacell, Esq. Modification ofInducement Resolution for Green Energy Partners-Dekalb, LLC Mr. James Monacell, Esq.

Stone Mountain Community Improvement District (CID) ARC Innovation Grant Local Match Request for $20,000 Sponsorship - Mr. Emory Morsberger Request for Sponsorship for DeKalb County table book project called "Faces and Places of DeKalb County" - Mr. Charles Whatley Summer Internships - Mr. Charles Whatley Lunch and Learn Programs - Mr. Charles Whatley

Mrs. Bobbie K. Sanford Board Member of the Authority Founder & Broker Coldwell Banker Sanford Realty Co.

Mr. James P. Monacell Counsel to the Authority Smith, Gambrell & Russell, LLP

Clark Harrison Building, 330 West Ponce de Leon Avenue, 6th Floor, Decatur, Georgia 30030 (404) 687-2730 * (404) 687-2733Fax * www.decidedekalb.com

Next Board meeting: Tuesday, May 8, 2012 at 8:00 a.m. Location: TBA

Location:

Development DeKalb, Ine Board Meeting: Wednesday, May 16,2012 at 8:00 a.m. DeKalb Office of Economic, Clark Harrison Building, 5th Floor Lobby Conference Decatur, GA 30030

Room,

Joint Development Authority of Metropolitan Atlanta Board Meeting: Tuesday, July 10,2012 at 12:00 p.m. (Hosted by the Development Authority of Clayton County) Location: TBA

Development

Authority

of DeKalb County Adjourns

Jackson. Shelbia L. From: Sent: neville anderson [nevandergep@gmail.comJ Wednesday, December 21, 2011 5:59 AM Jackson, Shelbia L. Prakash I. Patel; adel@gcfid.com 930AM Meeting

To:
Cc: Subject:

Shelbia again please forgive me for having to cancel another meeting. Mom had a second stroke a few days ago which turned her from recovery to the worst case, we now have her in hospice and are waiting with her to the end. I need to reschedule our meeting, I recently had dinner with the CEO and he thought it important that I meet the new director. So please explain for me and we will reschedule in January. So we do not lose alot of time while I attend to family business, I want to introduce you to Prakash Patel who is copied. Part of my financing package for the plat is the EB5 visa program, this program allows foreign. investors to invest equity in American projects in return for a green card. Our location at 1770 Rogers Lake road fall just outside of the federal enterprise zone, we may be able to overcome that with economic and demographic statistics. Prakash will tell you what he needs and if possible can you gather the data that he will outline for you that he needs to move forward, ifneed be can you meet with him ifnecessary outside of me ifhe cannot communicate his needs via email. I have signed a term sheet with a group that involves Goldman Sachs to fund the project, we are moving forward. Prakash is an important piece to the equation. Please help. Thank you Neville

, Project Summary - Offtake Agreement

DRAFT

GERC's current feedstock agreement with DeKalb County will supply 100% of production needs for 20 years

.:.

Management's currently projects that the Green Energy Resource Center will consume approximately 85,000 tons of feedstock per year.

I.

II.

Fuel Purchase .:. 20 year Fuel Purchase Agreement .:. DeKalb County will store 3-month supply to prevent supply disruption .:. 40,000 tons annually - urban wood waste Seminole Landfill Stockpile .:. Access to 1,000,000 tons stockpile .:. Can supply remaining 45,000 ton feedstock need for 22+ years .:. Less that 10 miles from plant

Dekalb County - Excess Supply

I.

40,000 tons - Fuel Purchase Agreement

II. III. IV.

60,000 tons - remaining annual supply

Dekalb County (excess supply), .:. Dekalb County produces at least 100,000 tons of municipal wood waste each year (with some years spiking to 500,000) .:. Excess supply of 60,000 tons Fulton County .:. Discussions to potentially supply 25,000 tons annually Rockdale County .:. Discussions to potentially supply 25,000 tons annually Georgia Power .:. Discussions to potentially supply 5,000 tons annually from its wood forestry operations 11

Green Energy Partners - DeKalb, LLC

Sources and Uses
SOURCES AND APPLICATIONS OF FUNDS

Total Senior Debt Equity 1603 Grant Total Sources $ 34,000,000 8,000,000 11,081,153 53,081,153

Immediate Funding

Site Purchase LegalWCSR Accounting Fees Financial Advisor Fee EPC Fees Energy Loan payoff Site and Building Design Fee AECOM Payable First Carbon Solution Expense Community Relations Walker Consulting Insurance Buildings and Site Work Hurst System (turnkey) Fifth Third Bank Payoff AK Wong Solutions SC&S Loan Payoff Construction Period Interest - Capitalized Construction Period lnterest- Expensed Developer Fee Fuel Stockpile and Equipment Third Party Reports RW Beck Technology and Fuel Studies Community Development Debt Service Reserve (6 months) O&M Reserves Construction Contingency and AdviSOry Fees TOTAL USES

1,650,000 500,000 65,000 1,000,000 1,500,000 425,000 250,000 79,000 15,000 25,000 100,000 3,500,000 32,000,000 180,000 150,000 93,000 1,138,475 996,166 3,000,000 1,250,000 150,000 950,000 1,614,512 250,000 2,200,000 $53,081,153

1,650,000 200,000 50,000

3,150,000 180,000

$5,230,000

Energy Partners - DeKalb, LLC

20 Year Financial Summary

SOURces
Senior [Jebl Equity 1603 Grant TOTAL $34,000,000 8,000,000 11,000,000 $53,000,000

Financial Snapshot
2012" Revenue Operating Costs NOI Available for OS Interest Principal Total Dabt Service DS Coverage Ratio Senior Dabt Principal balance, ending $ $ $ 1,301,848 $ 467,445 834,404 - $ 2013 7,860,086 $ 2,797,004 $ 5,063,082 $ 2,048,351 $ 1,180,673 3,229,025 $ 1.6x 2014 7,931,832 2,872,712 5,059,120 $ $ 2015 8,005,013 2,950,654 5,054,358 1,905,543 1,323,482 3,229,025 1.6x 32,306,793 $ $ $ 2016 8,079,657 3,030,899 5,048,758 1,827,786 1,401,239 3,229,025 1.6x 30,905,554 $ $ 2017 8,155,794 3,082,237 5,073,557 1,745,460 1,483,564 3,229,025 1.6x 29,421,989 $ $ $ 2018 8,233,454 3,166,354 5,067,100 1,658,298 1,570,726 3,229,025 1.6x 27,851,263 $ $ $ 2019 8,312,667 3,252,955 5,059,712 $ $ 2020 8,393,464 3,342,114 5,051,350 1,471,870 1,757,155 3,229,025 1.6x 27,162,627 $ $ $ 2021 8,475,878 3,433,908 5,041,989 1,520,032 1,708,992 3,229,025 1.6x 25,206,798 $ $ $ $ 2022 8,559,939 3,528,415 5,031,524 1,405,124 1,823,901 3,229,025 1.6x 23,136,060

NA

- $

1,978,985 $ 1,250,040 3,229,025 $ 1.6x $

$ $

1,566,019 $ 1,663,006 3,229,025 $ 1.6x 26,188,480 $

$ 36,060,988 $

34,880,315 $ 33,630,275

2023 Revenue Operating Costs NOI Available for OS Interest Principal Total [Jebt Service DS Coverage Ratio Senior Debt Principal balance, ending
,-.------I ....--- .. -.--.

2024 $ $ $ 8,733,140 $ 3,673,102 5,080,038 $ 1,154,657 $ 2,074,368 3,229,025 $ 1.6x

2025 8,822,346 3,773,423 5,048,923 1,018,282 2,210,742 3,229,025 1.6x $ $ $ $

2026 8,913,337 3,877,942 5,035,396 873,895 2,355,130 3,229,025 1.6x 13,562,913 $

2027

2028 9,100,815 $ 4,097,588 5,003,227 $ 559,174 $ 2,669,851 3,229,025 $ 1.5x 7,891,389 $

-- .....-1
I I I I

2029 9,197,375 $ 4,210,408 4,986,967 $ 387,813 $ 2,841,212 3,229,025 $ 1.5x 4,803,340 $

2030 9,295,867 $ 4,327,849 4,968,018 $ 206,385 $ 3,022,640 3,229,025 $ 1.5x 1,533,863 $

2031 9,396.328 $ 4,448,764 4,947,564 $ 14,297 $ 3,214,728 3,229,025 $ 1.5x (1,927,701) $

2032 9,498,799 4,574,557 4,924,242 (189,076) 3,418,101 3,229,025 1.5x (5,592,639)

8,645,682 3,573,302 $ 5,072,380 1,283,464 1,945,560 3,229,025 1.6x

$
$ $

9,006,148 $ 3,985,551 5,020,597 $ 721,025 $ 2,508,000 3,229,025 $ 1.6x 10,808,077 $

. ........ ---- ... " ......... -- .....

$ 20,943,663 $
---- ... --

18,622,459 $ 16,164,880 $

......... -.- ..-.. -- ....-.- ... .--.---

... -- .-- .. -.-- .. -- ...--._ ...- ..... - ..- - .. --._-.-,...

i ASSUMPTIONS:
!
I

i Operating
I

ceate - Annual Escalator Revenue - Proxy Pricing - Annual Escalator I Revenue - Capacity Payments - Annual Escalator I Revenue - REes Annual Escalator ! Senior Debt Term (years) ! Senior Debt Rate
_ ......... ---,---------.... ..

-_.,_ ....,.- .... --

3.00% 2.00% 0.00% 2.00% 18 5.75%

_ ,.___ .. _ _ . __ .. ,..

assumption Georgia Power Offtake Agreement Georgia Power Offtake Agreement

assumption

I
I I

0'"

".

__

._

___ ~

_. __

_.

___

..

. _

Green Energy Partners, LLC (GEP) have several projects and prospect projects in various stages of development. One of our signature projects is the Green Energy Resource Center.

Green Energy Resource Center (GERC)

The Green Energy Resource Center (GERC) will be a learning resource center where urban wood waste (woody biomass) will be converted into a synthetic high Btu gas known as Syngas which will be used to produce steam to run turbines and generate 10 MWelectricity.

Green Energy Resource Center, DeKalb County The GERC will be one of the first gasification facilities of its size in the nation that converts woody biomass to electricity utilizing this advanced technology. Gasification technology was chosen over traditional wood boilers because of the clean and low emissions output and control technology that gasification has demonstrated in other similar applications throughout North America. Also, there are no odors associated with this process. DeKalb County has provided support for the project by entering into a long-term Fuel Supply Agreement with GEP to provide 40,000 tons of municipalyard waste for 20 years as well as exclusive access to existing stockpiles of woody biomass stored at the County landfill. This process will be located in a building which will host a learning outreach area to educate community about this Green technology. the

The GERC facility is currently being designed with scholars in mind; it will feature a demonstration model of Super Critical Water, currently on display at the City of Jacksonville, Florida. This is truly technology of the future and students visiting the GERC will be introduced to this display model. Super Critical Water is considered the next step in waste water treatment and promotes advancement in Green technology. We plan to work with DeKalb County Government and the City of Lithonia to provide scholarships and other opportunities for students to learn about this Green energy technology.

Page 1 of2

Georgia Power has agreed to enter into a long-term power purchase agreement ("PPA") to purchase our green electricity. GEP is committed to providing substantial community Lithonia. To that end, GEP has voluntarily committed to: benefits to DeKalb County and to the City of

Guarantee Local Small Business Enterprise participation of at least 20% of the project construction and operation budget. Create 75 to 100 temporary and permanent jobs. Provide scholarships to local secondary and college students to promote study in this new field and to enhance existing local schools programs.

The County would also derive the following environmental

and economic benefits from the GERC project:

Eliminate processing and transportation costs for the woody biomass. The useful life of the landfills would be greatly increased. Reduction of carbon footprint in the County. Increase in the tax base.

Page 2 of2