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Council approves 30-year fee-in-lieu deal for Bomag Americas expansion, citing $13.7 million investment and 75 jobs
Summary
After executive session, Fairfield County Council approved ordinance 8-42 amending a fee-in-lieu and purchase agreement tied to an economic development project renamed Bomag Americas Inc. The county expects a $13.7 million investment and 75 new jobs with average wages near $31 per hour.
Fairfield County Council approved final reading of Ordinance No. 8-42 on April 14, authorizing a fee-in-lieu-of-ad valorem-taxes (FILO) incentive agreement and related land purchase for an economic development project renamed in the ordinance to Bomag Americas Inc. and Fiat Distribution Center, LLC.
Economic development staff presented the project summary after executive session. The staff presentation said the project is a multi-phase expansion by an…
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