Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Staff outlines fee-in-lieu terms for Project Clean, council approves finance items
Summary
A staff presenter told Charleston County Council that Project Clean would use a 20-year fee-in-lieu projected to yield $1.5 million in benefits and a fiscal benefit-to-cost ratio of 8:1; after questions about tax impacts the council approved the finance items by voice vote.
Charleston County Council approved finance directorate items after a staff presenter described proposed incentives for a project identified as "Project Clean".
A staff member said the package would provide a benefit of "$1,500,000 over 20 years," structured as a fee in lieu of taxes, and estimated a fiscal benefit-to-cost ratio of 8 to 1. The presenter said total taxes collected on the site over the past five years were $24,764 and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
