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Sumter County approves FILOT for Project White Palmetto; formally identifies Project Kerrigan for negotiation
Summary
Council granted second reading of an ordinance authorizing a Fee-In-Lieu of Ad Valorem Taxes for Project White Palmetto and unanimously adopted a resolution to negotiate a FILOT for Project Kerrigan, which the county packet estimated could mean about $45 million in investment and roughly six jobs.
Sumter County Council voted Jan. 14, 2025 to grant second reading to Ordinance 24-1014, authorizing a Fee-In-Lieu of Ad Valorem Taxes (FILOT) and a Special Source Revenue agreement for Project White Palmetto, and adopted a resolution to identify Project Kerrigan as a prospective FILOT project.
County Attorney Johnathan Bryan summarized Exhibit D of the White Palmetto agreement, saying the Net FILOT payment is structured by the project’s final output. Exhibit D states: “The amount of the Net FILOT Payment is based upon the assumption that the Project will generate 200 MWac of Final Output and will pay $4,500 per MWac of Final…
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