It was a sweetheart deal on Valentine's Day.
Kincardine council has approved an amendment to the host agreement with Ontario Power Generation (OPG) regarding the proposed Deep Geologic Respository (DGR).
It means 50% of the money that has been held in trust since 2015 will now flow to Kincardine as a host community, and to four surrounding municipalities totalling about two-million-dollars.
OPG Manager of Corporate Relations and Communications Fred Kuntz tells Bayshore Broadcasting News, he hasn't got an exact date when the cheques will be cut but "It should happen very fast."
The deal also calls for annual pay-outs going forward until a decision on the DGR is made.
Kincardine is in line to get just over 1.2-million-dollars and Mayor Anne Eadie says, "I can assure you, in this time when our municipality is growing, that we will find a good use for it."
Eadie says there hasn't been any discussion yet at the council table but she can see the money being used for infrastructure such as water and sewer services.
Mayor Eadie is happy with the re-negotiated deal that will now keep on giving each year until OPG is constructing the DGR.
Once that milestone is reached, all monies held in trust, will be released.
Besides Kincardine, Saugeen Shores ($477,124); Arran Elderslie ($76,340); Brockton ($76,340) and Huron Kinloss ($133,595) will now get their money as well.
Kuntz says OPG continues to wait for a decision from the federal government on their request to construct a DGR.
He says the company continues to talk with the Saugeen Ojibway Nation about any concerns they may have.
OPG is on record as saying they won't go ahead with the project unless they get SON's approval.
The multi-billion-dollar proposed DGR would store only low and intermediate level nuclear waste 680-meters below ground on the property at the Western Waste Management Facility near Bruce Power.