Lexington County adopts fee‑agreement and incentive package for Michelin project on final reading

Lexington County Council on June 24 adopted Ordinance 24‑11 on third and final reading, authorizing execution of a fee agreement with Michelin North America and the provision of special‑source revenue credits and multi‑county industrial park benefits to the project.

The ordinance was introduced under cited state law and described by staff as authorized by “chapter 44 of title 12 and chapter 1 of title 4 South Carolina code laws of 1976, as amended.” Councilman Hudson moved approval and Councilwoman Kerig seconded. The roll call recorded unanimous support.

Why it matters: the ordinance authorizes county action to deliver financial incentives and development‑area benefits for a private employer project; such agreements commonly are used to support job‑creation and capital investment but involve future tax‑expenditure commitments from the county.

What the council did: after the third‑reading motion, the clerk called the roll; Council voted unanimously to approve Ordinance 24‑11. The ordinance text as presented referenced special source revenue credits and continuation of multi‑county industrial park benefits to the Michelin project.

Next steps: the meeting record does not provide contract text or fiscal schedules; county staff will implement the agreement and complete required signatures and administrative steps.