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Marion County approves $390,000 general-obligation bond; moves on several ordinance items
Summary
The Marion County Council approved the third reading of an ordinance authorizing up to $390,000 in general-obligation bonds, adopted a resolution to enable a fee-in-lieu-of-tax arrangement for a project, advanced an infrastructure-credit ordinance to second reading and held first reading on a separate $550,000 bond measure.
The Marion County Council voted to approve the third reading of Ordinance 2025-02, authorizing the issuance and sale of general-obligation bonds not exceeding $390,000.
The ordinance, described at the meeting as providing for the issuance and sale of the bonds and related matters, passed after a motion, a second and a roll-call-style affirmation; the council chair announced, “Ayes have it.”
Why it matters: The bond proceeds were presented as available for county purposes tied to payment of the bonds; no further details on the specific projects or expenditures funded by Ordinance 2025-02 were provided at third reading. The council also handled several related fiscal and economic-development items on the agenda.
Other formal actions taken at the meeting included: adoption of a resolution to identify a project for purposes of a fee-in-lieu-of-ad-valorem-tax agreement under Title 12, Chapter 44 of the South Carolina Code; approval on second reading of Ordinance 2025-04, an ordinance authorizing an infrastructure-credit agreement between Marion County and an entity identified in the record as “Project Assembly;” and first reading of Ordinance 2025-05, a proposed issuance of up to $550,000 in general-obligation bonds (first reading only; no action required).
The council also approved minutes for the April 24, 2025 meeting.
What was not decided or specified: Meeting discussion did not state specific project expenditures for the $390,000 bond at third reading. For the $550,000 bond listed at first reading, the record notes only title reading is required for first reading; no project uses were included on the agenda title presented at the meeting.
Formal actions and votes are summarized below.
Votes at a glance
- Ordinance 2025-02 (third reading): “An ordinance to provide for the issuance and sale of not exceeding $390,000 general-obligation bond of Marion County, South Carolina.” Motion made and seconded; chair announced the motion carried (“Ayes have it”). Outcome: approved.
- Resolution (fee-in-lieu / Project Goose): Resolution identifying a project to satisfy requirements of Title 12, Chapter 44, S.C. Code of Laws to allow certain investment expenditures to qualify for a fee-in-lieu-of-tax agreement. Motion made, seconded and approved. Outcome: approved.
- Ordinance 2025-04 (second reading): “An ordinance authorizing execution and delivery of an infrastructure credit agreement by and between Marion County and the company currently identified as Project Assembly.” Motion made, seconded and advanced on second reading. Outcome: second reading approved.
- Ordinance 2025-05 (first reading): Title read for an ordinance to provide for issuance and sale of not exceeding $550,000 general-obligation bonds. No vote required at first reading; item remains at first reading.
Procedural note: The council recessed to hold a public hearing on Ordinance 2025-02 before returning to the regular meeting. No members of the public spoke for or against the ordinance during that hearing.
Ending: The council continued with committee reports and administrative updates after the actions above.
