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Council approves measures to advance Project Mega Cable investment
Summary
Fairfield County Council approved ordinance readings and resolutions to enable a proposed 22–30 million dollar investment by an anonymous company dubbed “Project Mega Cable,” including fee-in-lieu negotiations and a lease-purchase agreement; votes were unanimous.
Fairfield County Council on April 28 approved a package of ordinances and resolutions to advance incentives for a company identified in meetings as “Project Mega Cable,” including initial legislative steps to allow a lease-purchase agreement and to negotiate a fee-in-lieu of ad valorem taxes (PILOT).
The measures matter because county officials said the company plans a minimum investment of $22 million to $30 million and expects to create about 25 jobs, and the incentives are intended to support that private investment.
At the meeting the council gave first…
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