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Council approves FILOT agreement for Ambiopharm following public hearing
Summary
Aiken County Council adopted a Fee-In-Lieu-of-Ad-Valorem-Taxes (FILOT) ordinance for Ambiopharm (Project Synthesis) on third reading after a public hearing in which county economic-development staff and the company's CEO spoke in favor; a resident speaker requested council review the agreement details.
Aiken County Council voted unanimously on third reading to authorize a Fee-In-Lieu-of-Ad-Valorem-Taxes (FILOT) agreement with Ambiopharm, Inc., identified in the record as Project Synthesis.
Economic development staff member Will Williams spoke in support of the agreement and explained anticipated benefits for the county, and Steve Keel, identified in the minutes as CEO of Ambiopharm, also addressed council in favor of the terms. Vicki Simons spoke during the public-hearing portion and asked council to ensure it had reviewed the full details of the FILOT agreement before finalizing the contract. The ordinance text, related special source revenue credits, and precise incentive terms are on file with council documents.
