Fee in Lieu of Tax and Incentive Agreement Sample Contracts

FEE IN LIEU OF TAX AND INCENTIVE AGREEMENT
Fee in Lieu of Tax and Incentive Agreement • November 30th, 2012
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FEE IN LIEU OF TAX AND INCENTIVE AGREEMENT
Fee in Lieu of Tax and Incentive Agreement • April 17th, 2020
FEE IN LIEU OF TAX AND INCENTIVE AGREEMENT
Fee in Lieu of Tax and Incentive Agreement • August 8th, 2019 • South Carolina

made and entered into as of August 12th, 2019, by and between DORCHESTER COUNTY, SOUTH CAROLINA (the “County”), a body politic and corporate and a political subdivision of the State of South Carolina, acting by and through its County Council (the “County Council”) as governing body of the County, FILOLI SOUTH, LLC, a limited liability company organized and existing under the laws of the State of Delaware and formerly known to the County as Project Luminous, along with its affiliated or related entities, and assigns, as Sponsor (collectively, “Company”), and JULIAN A. MCDERMOTT CORPORATION, INC., a corporation organized and existing under the laws of the State of New York, as a Sponsor Affiliate (the “Sponsor Affiliate”) (hereinafter, the County, the Company, and the Sponsor Affiliate are referred to individually as a “Party” and, collectively, as “Parties”).

FEE IN LIEU OF TAX AND INCENTIVE AGREEMENT
Fee in Lieu of Tax and Incentive Agreement • January 2nd, 2019

dated as of December 4, 2017, by and among YORK COUNTY, SOUTH CAROLINA (the “County”), a body politic and corporate and a political subdivision of the State of South Carolina, BLACK & DECKER (U.S.) INC., a corporation organized and existing under the laws of the State of Maryland, and a company previously identified as PROJECT DWT OPERATING COMPANY (“Project DWT Operating Company”), and CRESCENT LAKEMONT II, LLC, a limited liability company organized and existing under the laws of the State of Delaware (as successor in interest to Crescent Communities, LLC (“Crescent Communities”), a company previously identified as Project DWT Developer) (“Project DWT Developer”), each acting for itself, one or more affiliates, and/or other project sponsors, including, but not limited to Stanley Black & Decker, Inc. a corporation organized and existing under the laws of the State of Connecticut (each a “Company” as set forth herein and collectively referred to herein as the “Companies”).

Ord. #1852
Fee in Lieu of Tax and Incentive Agreement • November 16th, 2015

AN ORDINANCE AUTHORIZING (1) THE EXECUTION AND DELIVERY OF A FEE IN LIEU OF TAX AND INCENTIVE AGREEMENT BY AND BETWEEN CHARLESTON COUNTY, SOUTH CAROLINA (THE “COUNTY”) AND DAIMLER VANS MANUFACTURING, LLC, PREVIOUSLY IDENTIFIED AS “PROJECT UNICORN,” ACTING FOR ITSELF, ONE OR MORE AFFILIATES OR OTHER PROJECT SPONSORS (THE “COMPANY”), WHEREBY THE COUNTY SHALL COVENANT TO ACCEPT NEGOTIATED FEES IN LIEU OF AD VALOREM TAXES IN CONNECTION WITH THE ACQUISITION, IMPROVEMENT AND EQUIPPING OF CERTAIN FACILITIES IN THE COUNTY (COLLECTIVELY, THE “PROJECT”); (2) THE GRANT OF SPECIAL SOURCE REVENUE CREDITS AND/OR THE ISSUANCE OF SPECIAL SOURCE REVENUE BONDS, IN EITHER CASE TO FUND CERTAIN INFRASTRUCTURE IMPROVEMENTS ASSOCIATED WITH THE PROJECT; (3) THE BENEFITS OF A MULTI-COUNTY INDUSTRIAL OR BUSINESS PARK TO BE MADE AVAILABLE TO THE PROJECT; (4) THE PURCHASE OF CERTAIN PROPERTY AND THE SUBSEQUENT SALE OF SAID PROPERTY TO THE COMPANY, OR THE ASSIGNMENT BY THE COUNTY TO THE COMPANY OF THE RIGHT TO PUR

AMENDMENT TO FEE IN LIEU OF TAX AND COUNTY OF BERKELEY ) INCENTIVE AGREEMENT
Fee in Lieu of Tax and Incentive Agreement • April 20th, 2023

(this “Amendment”) is dated as of [ ], 2023 (the “Effective Date”) by and among BERKELEY COUNTY, SOUTH CAROLINA, a body politic and corporate and a political subdivision of the State of South Carolina (the “County”), acting by and through its County Council as the governing body of the County (the “County Council”), RS OMNI INDUSTRIAL LOT 4, LLC, a limited liability company organized and existing under the laws of the State of South Carolina (“Samet”), and HONOR INDUSTRIES, LLC, a limited liability company organized and existing under the laws of the State of South Carolina (“Honor”).

FEE IN LIEU OF TAX AND INCENTIVE AGREEMENT
Fee in Lieu of Tax and Incentive Agreement • August 31st, 2018

Company Name: NHT Augusta Grove 17, LLC Project Name: Project Rosie Projected Investment: $15,000,000 Projected Jobs: N/A Location (street): [To Be Inserted] Tax Map No.: [To Be Inserted] 1. FILOT Required Investment: $15,000,000 Investment Period: Ends, initially, 5 years fromCommencement Date, as defined in Fee Agreement Ordinance No./Date: Assessment Ratio: 6% Term (years): 20 Years Fixed Millage: 304.1 Net Present Value (ifyes, discount rate): N/A Clawback information: FILOT terminated retroactively and prospectively if aggregate investment in Project is not at least $15,000,000 by end of Investment Period 2. MCIP Included in an MCIP: Yes If yes, Name & Date: Agreement for Development of the Joint County Industrial Park between GreenvilleCounty and Anderson County dated as of August 16, 2016 3. SSRC Total Amount: N/A No. of Years N/A Yearly Increments: N/A Clawback information: N/A 4. Other information N/A

FEE-IN-LIEU OF TAX AND INCENTIVE AGREEMENT
Fee-in-Lieu of Tax and Incentive Agreement • November 18th, 2022 • South Carolina

WHEREAS, the County, acting by and through its County Council (the “Council”), is authorized and empowered under and pursuant to the provisions of Title 12, Chapter 44 (the “Act”) of the Code of Laws of South Carolina 1976, as amended (the “Code”) and Title 4, Chapter 1 of the Code (the “Multi-County Park Act”): (i) to enter into agreements with certain investors to construct, operate, maintain, and improve certain industrial and commercial properties through which the economic development of the State of South Carolina will be promoted and trade developed by inducing manufacturing and commercial enterprises to locate and remain in the State of South Carolina and thus utilize and employ the manpower, agricultural products, and natural resources of the State; (ii) to covenant with such investors to accept certain payments in lieu of ad valorem taxes with respect to the project (a “FILOT”); (iii) to permit investors to claim special source revenue credits against their FILOT payments to

ASSIGNMENT AND ASSUMPTION OF FEE IN LIEU OF TAX AND INCENTIVE AGREEMENT
Fee in Lieu of Tax and Incentive Agreement • November 23rd, 2021 • South Carolina

AGREEMENT (this “Assignment and Assumption Agreement”) is made and entered into as of December 7, 2021 by and between GREENVILLE COUNTY, SOUTH CAROLINA (the “County”), a body politic and corporate and a political subdivision of the State of South Carolina (the “State”), acting by and through the Greenville County Council (the “County Council”) as the governing body of the County, NHT AUGUSTA GROVE 17, LLC, a limited liability company organized and existing under the laws of the State of Delaware (“Assignor”), and STAG INDUSTRIAL HOLDINGS, LLC, a limited liability company organized and existing under the laws of the State of Delaware (“Assignee”), to be effective as of the Conveyance Date (as defined below).

FEE IN LIEU OF TAX AND INCENTIVE AGREEMENT THIS ASSIGNMENT AND ASSUMPTION OF FEE IN LIEU OF TAX AND INCENTIVE
Fee in Lieu of Tax and Incentive Agreement • July 7th, 2022 • South Carolina

AGREEMENT (this "Assignment and Assumption Agreement") is made and entered into as of June , 2022 by and between GREENVILLE COUNTY, SOUTH CAROLINA (the "County"), a body politic and corporate and a political subdivision of the State of South Carolina (the "State"), acting by and through the Greenville County Council (the "County Council") as the governing body of the County, PARK WEST I INVESTORS, LLC, a limited liability company organized and existing under the laws of the State of South Carolina ("Assignor/Sponsor Affiliate"), and BELROCK, L.P., a limited partnership organized and existing under the laws of the State of Pennsylvania ("Assignee"), to be effective as of the Conveyance Date (as defined below).

FIRST AMENDMENT TO
Fee in Lieu of Tax and Incentive Agreement • October 27th, 2020

AGREEMENT (the “First Amendment”), dated as of , 2020, by and between GREENVILLE COUNTY, SOUTH CAROLINA (the “County”), a body politic and corporate and a political subdivision of the State of South Carolina, and MICHELIN NORTH AMERICA, INC. a corporation organized and existing under the laws of the State of New York (the “Company”).

FIRST AMENDMENT TO AMENDED AND RESTATED
Fee in Lieu of Tax and Incentive Agreement • July 22nd, 2021

This First Amendment pertains to that certain Amended and Restated Fee in Lieu of Tax and Incentive Agreement, dated as of June 23, 2020, between Lexington County, South Carolina and Nephron SC, Inc.

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