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Committee approves assignment of Augusta Grove fee‑in‑lieu and incentive agreement
Summary
The finance committee approved assignment of a previously approved fee‑in‑lieu agreement for the Augusta Grove project in Piedmont after staff said the $10 million minimum investment threshold was met; county attorney will receive executed documents after Committee of the Whole review.
The Greenville County Committee on Finance approved the assignment of the fee‑in‑lieu (FILOT) incentive agreement for the Augusta Grove project in Piedmont after staff said the transaction met the minimum investment threshold.
County staff explained the original FILOT agreement required a minimum investment of $10,000,000; presenters said the minimum has been met and that the assignor and assignee had parties present. A county legal representative said the assignment and the fee‑in‑lieu documents were awaiting execution by the parties and that, after Committee of the Whole approval, executed documents should be tendered to the county attorney.
The committee moved and approved the assignment on a voice vote; staff said drafts would be provided to the county attorney and that the matter would follow the standard execution and recording process.
Ending: Committee approval clears the way for formal execution and recording of the assignment; the county attorney will confirm receipt of final documents after Committee of the Whole action.
