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Council approves fee-in-lieu terms and adds land-sale proceeds to road funding for industrial park project
Summary
Council approved second reading of ordinance 20 26-02 to authorize a fee-in-lieu agreement for Project 2493 and added $280,000 in land-sale proceeds toward internal road construction estimated at $833,400; council noted previously denied state matching grant and other pending grant funds.
Council approved second reading of ordinance 20 26-02, authorizing a fee-in-lieu-of-tax agreement with Chester County and Project 2493 that includes language assigning $280,000 in county land-sale proceeds toward the purchase and construction of internal roads in a multi-county industrial park site. County staff indicated the internal road was estimated at $833,400; economic development staff reported two additional grant sources totaling $325,000 were being pursued after the county did not receive a Department of Commerce grant.
Council discussed how adding sale-proceeds language helps market the remainder of the industrial park and noted water, sewer and additional infrastructure estimates were being developed (roughly $207,000 for water noted in discussion). After clarification from staff about how the funds would be applied, council approved second reading by a recorded voice tally of 6–1.
Next steps: The ordinance advances the county's ability to finalize the fee-in-lieu agreement and apply identified proceeds toward road construction in project 2493; staff will coordinate any additional grant matches and report progress to council.
