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Sumter County approves inducement resolution to negotiate incentives for $250 million solar farm
Summary
Sumter County Council unanimously adopted a resolution to negotiate a fee-in-lieu of ad valorem taxes (FILOT) and special source revenue credits to support Project White Palmetto, a proposed solar farm with an estimated $250 million investment; the sponsorname was withheld.
Sumter County Council on Dec. 10 unanimously adopted R-24-06, an inducement resolution directing county staff to negotiate a Fee-In-Lieu of Ad Valorem Taxes (FILOT) and Special Source Revenue Credit (SSRC) agreement for a proposed solar farm identified as Project White Palmetto.
The resolution was presented by County Attorney Johnathan Bryan and adopted after a motion by Councilman Artie Baker and a second from Vice Chairman James R. Byrd, Jr. The text identifies the sponsor as an entity whose name cannot be publicly disclosed at this time and states the Project is "anticipated to result in an investment of approximately $250,000,000 in taxable real and personal property." Council directed the…
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