Council approves Project Kerrigan FILOT, solar project FILOT and sale of Diebold Drive parcel
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Summary
Sumter County Council unanimously approved a FILOT incentive for Project Kerrigan, granted a FILOT for Toce Solar 1 LLC (formerly 'White Palmetto') and approved the sale of a 1.19-acre parcel near Diebold Drive; all measures passed on third reading with no public opposition.
Sumter County Council voted unanimously on Feb. 11 to approve three ordinances on third reading, including an economic development incentive for Project Kerrigan, a fee-in-lieu agreement with a solar developer and the sale of a small county parcel.
County Attorney Johnathan Bryan summarized the proposed agreement for Project Kerrigan as an expansion of an existing Sumter manufacturing facility involving a $45 million investment. Bryan told the council the deal would be structured as a 30-year Fee-In-Lieu of Ad Valorem Taxes (FILOT) with a 6% assessment ratio and staged special source revenue (SSR) credits: 55% for the first five years and lower credits thereafter. The public hearing on Project Kerrigan drew no speakers and council approved third reading unanimously.
On the sale of county-owned land near Diebold Drive, Bryan said “an offer has been submitted to purchase a 1.19-acre parcel from the County for $5,950,” and noted the county will retain a critical stormwater drainage easement regardless of the sale. No members of the public spoke for or against the sale; the ordinance passed on third reading.
Council also approved third reading of Ordinance 24-1014 to enter a FILOT and special source revenue agreement with Toce Solar 1 LLC, the company formerly identified as “White Palmetto.” Bryan said the project is expected to produce approximately 200 MWac; under the terms cited in Exhibit D the company would pay $4,500 per MWac, which would produce a projected annual payment of $900,000 if the project’s final output is 200 MWac. Council voted to grant third reading approval.
All three third-reading actions passed by unanimous voice votes during the Feb. 11 session. Chairman James T. McCain, Jr. opened and closed the public hearings for the items after no members of the public spoke.
The council’s approvals allow staff to finalize agreements and take the routine next steps called for by each ordinance; no additional conditions were announced at the Feb. 11 meeting.