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Council delays decision on water-line aid and economic assistance tied to private development
Summary
Mount Pleasant CDRA discussed a request tied to a 2.18-acre private parcel in which the buyer seeks credit for purchase price, county grant funds and impact fees to cover infrastructure for a proposed $500,000 building; the board requested more appraisal and cost data and took no formal action.
The Mount Pleasant Community Development and Redevelopment Agency (CDRA) discussed a request to extend water service and apply economic-development assistance to a privately purchased 2.18-acre parcel, but members agreed they needed more detailed cost and appraisal information before taking action.
Juan (staff member) summarized the proposal and the applicant’s financial plan, saying the purchaser “paid $28,000, $28,340 for the land,” plans to invest “about half $1,000,000 in the building,” and expects to create four jobs. Juan explained the request would use a mix of the purchaser’s payment, a $25,000 county economic-development grant and impact-fee credits to help pay for required infrastructure.
Dave (staff) described the scope of the county grant as focused on the waterline and noted typical grants require a 50/50 match: “the economic development grant, the scope of that was to put in the waterline. That’s usually a $50/$50 match,” he said. Council members raised differing cost estimates for the waterline: Dave said a contracted estimate had been “about $192,000,” while Juan referenced internal figures nearer $96,000; members said they wanted a precise materials and contract cost breakdown before deciding whether in-house work or bidding would be preferable.
Several elected members pressed the point that the original sales packet included language about utilities and cautioned the board against promising credits or reimbursements without clarifying what had been represented to the buyer at sale. Juan said he would get additional information, including an updated appraisal and confirmations on impact fees and grant application details, and would email the board with those materials.
No formal motion to grant the requested credits or funds was passed. Council members agreed to revisit the matter at a future council meeting after staff presents the requested cost and appraisal data.
