AN ORDINANCE AUTHORIZING PURSUANT TO CHAPTER 44 OF TITLE 12, SOUTH CAROLINA CODE OF LAWS, 1976, AS AMENDED, THE EXECUTION AND DELIVERY OF A PARTIAL ASSIGNMENT, ASSUMPTION AND BIFURCATION AGREEMENT; AN AMENDED AND RESTATED 1999 FEE AGREEMENT BY AND...Fee Agreement • October 18th, 2024
Contract Type FiledOctober 18th, 2024by and through its County Council (the “County Council”), is authorized and empowered under and pursuant to the provisions of Title 12, Chapter 44 (the “FILOT Act”), of the Code of Laws of South Carolina 1976, as amended, to enter into agreements with industry whereby the industry would pay payments-in-lieu-of taxes with respect to qualified projects; through all such powers the industrial development of the State of South Carolina (the “State”) will be promoted and trade developed by inducing manufacturing and commercial enterprises to locate or remain in the State and thus utilize and employ the manpower, products and resources of the State and benefit the general public welfare of the County by providing services, employment, recreation or other public benefits not otherwise provided locally;