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Marlboro County meeting approves interest-credit agreement for 'Project Pinky Promise'
Summary
At a Marlboro County meeting, attendees unanimously approved Ordinance No. 852 on final reading to authorize an interest credit agreement with ACC East LLC and PV Development LLC tied to 'Project Pinky Promise,' and approved a related amendment replacing a FELO agreement with an SSRC infrastructure credit agreement.
At a Marlboro County meeting, attendees unanimously adopted Ordinance No. 852, authorizing an interest credit agreement among Marlboro County, ACC East LLC and PV Development LLC in connection with a development identified in the meeting as "Project Pinky Promise." Speaker 3 described the ordinance as providing for payment in lieu of taxes and authorizing certain infrastructure credits.
The meeting record shows the council first approved an amendment to the ordinance to replace a "FELO…
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