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Charleston County approves sale of Point Farm mitigation credits, 5–4; proceeds to transportation fund
Summary
After debate about preserving local mitigation capacity, Charleston County Council approved release/sale of about 20 Point Farm mitigation credits to public entities and municipalities, a move staff said would return roughly $672,000 to the county’s transportation sales tax fund.
Charleston County Council voted 5–4 to authorize the release and sale of Point Farm mitigation credits to other public entities and municipalities, a decision county staff said will return immediate revenue to the transportation sales tax fund.
County staff explained the agreement with Point Farm includes a replacement guarantee if credits become unusable. ‘‘It will go back into the fund balance of the transportation sales tax,’’ county staff member…
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