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Lexington County approves Project Aqua fee-in-lieu agreement and sale of Lot 9 in Saxe Gotha Industrial Park

2661872 · March 11, 2025
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Summary

On March 11, Lexington County Council approved Ordinance 25-01 in its third and final reading to authorize a fee-in-lieu of ad valorem tax and related special source revenue credit agreement tied to a project identified as Project Aqua and approved a contract of sale for Lot 9 in Saxe Gotha Industrial Park.

Lexington County Council on March 11 approved Ordinance 25-01 at third and final reading, authorizing a fee-in-lieu of ad valorem taxes and special source revenue credit agreement between Lexington County and entities identified as All Tape Adhesive Manufacturer Incorporated (collectively identified in the ordinance as the company) for a project previously identified in county materials as Project Aqua. The ordinance also authorized the sale of county-owned property identified as Lot Number 9 of the Saxe Gotha Industrial Park to Marlborough Development Team Incorporated and approved a contract of sale incorporated into the ordinance.

The ordinance reading cited statutory authority as chapter 44 of title 12 and chapter 1 of title 4 of the South Carolina Code of Laws, 1976, as amended.…

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