(a) An owner shall offer an agreement to the owner of a nonparticipating residence, if the residence is located within one-half mile of a constructed wind turbine, that includes the following initial annual monetary compensation of $600 for 1 turbine located within one-half mile of a nonparticipating residence, $800 for two turbines located within one-half mile of a nonparticipating residence, and $1,000 for 3 or more turbines located within one-half mile of a nonparticipating residence.

(b) The initial annual monetary compensation under this subsection shall apply to agreements entered into in 2014. For agreements entered into in 2015 and thereafter, the initial annual amounts shall increase each year by the greater of two percent or the increase in the Consumer Price Index, as described in Wis. Stat. § 196.374(5)(bm)2 from the previous year.

(c) An agreement offered under this subsection shall specify in writing any waiver of a requirement or right under this ordinance or PSC 128 and whether the landowner’s acceptance of payment establishes the landowner’s property as a participating property under this ordinance or PSC 128. [Code § 12.18.3-14.]