SPECIAL SOURCE REVENUE CREDIT AGREEMENTFee in Lieu of Tax and Special Source Revenue Credit Agreement • July 11th, 2019
Company Name: Accurate Brazing Corporation Project Name: Project Charm Projected Investment: $13,000,000 Projected Jobs: 8 Location (street): 299C Garlington Road Tax Map No.: 0547030100133 1. FILOT Required Investment: $10,000,000 Investment Period: 5 years Ordinance No./Date: [to be provided] Assessment Ratio: 6% Term (years): Fixed Millage: 295.2 mills Net Present Value (ifyes, discount rate): Clawback information: If the Contract Minimum Investment is not made by the end of the Investment Period, the Fee Agreement will be terminated retroactively 2. MCIP Included in an MCIP: To be added to Greenville/Anderson (2010 Park) If yes, Name & Date: 3. SSRC Total Amount: No. of Years 8 years Yearly Increments: 20% of the annual FILOT Payments on real property Clawback information: If the Contract Minimum Investment is not made by the end of the Investment Period and maintained for the following 3 years (8 total years), the SSRC’s received by the Company sh
SPECIAL SOURCE REVENUE CREDIT AGREEMENTFee in Lieu of Tax and Special Source Revenue Credit Agreement • May 14th, 2019
As permitted under Section 12-44-55(B), Code of Laws of South Carolina 1976, as amended (the “Code”), the parties have agreed to waive the requirements of Section 12-44-55 of the Code. The following is a summary of the key provisions of this Fee in Lieu of Tax and Special Source Revenue Credit Agreement. This summary is inserted for convenience only and does not constitute a part of this Fee in Lieu of Tax and Special Source Revenue Credit Agreement or a summary compliant with Section 12-44-55 of the Code.
