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Lexington County council committee approves inducement resolution and first reading for ‘Project Aqua’ fee-in-lieu agreement
Summary
The county’s economic development committee approved an inducement resolution (R25‑01) and held a first reading of Ordinance 25‑01 to enable a fee‑in‑lieu‑of‑taxes agreement, special source revenue credits and the sale of Lot 9 at Saks Scott Industrial Park for a project identified as “Project Aqua.”
Lexington County’s Economic Development Committee approved an inducement resolution and advanced an ordinance on first reading on Jan. 14 to allow a private project, identified in committee as “Project Aqua,” to pursue a fee‑in‑lieu‑of‑taxes agreement and related incentives.
The committee voted to approve Resolution R25‑01, described in committee as an inducement resolution to meet the requirements of South Carolina law so that investment expenditures by Project Aqua can qualify for a fee‑in‑lieu arrangement. The committee also held the first reading by title of…
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