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Sumter County adopts inducement resolution to negotiate FILOT incentives for 'Project Black Nickel'
Summary
Council unanimously adopted R‑23‑05 to authorize negotiation of a fee‑in‑lieu‑of‑tax agreement for an unnamed investor called Project Black Nickel; the resolution conditions incentives on a sponsor commitment to at least $150 million in enhanced investment and creation of 125 jobs within an 8‑year investment period.
Sumter County Council on Nov. 14 adopted R‑23‑05, an inducement resolution authorizing the county to negotiate a fee‑in‑lieu‑of‑tax (FILOT) agreement and related infrastructure credits for an entity identified as Project Black Nickel.
County Attorney Johnathan Bryan presented the resolution, which cites the county’s authority under the FILOT Act (Title 12, Chapter 44) and the Multi‑County Park Act (Title 4, Chapter 1). The resolution authorizes the county to negotiate an agreement…
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