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Council clears second readings for Nova Molecular option changes and Project Peanut land and tax deal
Summary
Council approved second readings to terminate an older option with NOVA Molecular, grant a new option/right of first refusal on adjacent parcels, and advanced a purchase-and-sale and fee-in-lieu package tied to 'Project Peanut,' which anticipates about $38 million in investment and 47 jobs over five years.
Sumter County council on voice votes advanced ordinances tied to two related economic-development matters: winding down a legacy option agreement with NOVA Molecular and approving second reading on measures that clear the way for a new industrial prospect, identified in the record as 'Project Peanut.'
Speaker 7 explained the NOVA Molecular item would terminate an earlier option and right of first refusal and replace it with a new…
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