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Lexington County council approves fee agreement, incentives for Michelin project
Summary
Lexington County Council voted to approve Ordinance 24-11 authorizing a fee-in-lieu agreement and special source revenue credits for a Michelin North America project, keeping the project in the county's multi-county industrial park.
Lexington County Council on June 10 approved Ordinance 24-11, authorizing execution of a fee-in-lieu agreement with Michelin North America and providing special source revenue credits and continued multi-county industrial park benefits to the project.
The ordinance, described on the floor as being adopted pursuant to "chapter 44, title 12, and chapter 1 of title 4, South Carolina Federal Laws, 1976, amended," passed on a voice vote with all council members recorded as voting in favor. Council member John Will moved approval and Councilman Hudson seconded.
The ordinance text before council allocated authority for delivery of a fee agreement and the provision of certain special source revenue credits and said the project would continue to receive the benefits of the county—s multi-county industrial park. The motion and vote were handled during the ordinances portion of the meeting; no public comments about the ordinance appear in the meeting record.
Chairman Cullum presided over the vote. No amendments or conditions to the fee agreement were recorded in the council meeting minutes. The transcript does not record the dollar value, term length, job projections, or other financial commitments in the agreement; those details were not specified in the meeting record and therefore are not reported here.
The council completed the ordinance vote and moved on to other zoning and budget business later in the agenda.
