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First reading approved for ordinance authorizing fee agreement for Project Ribbon
Summary
On first reading by title only, the committee approved Ordinance 26-09 to authorize a fee agreement and special source revenue credit between Lexington County and Project Ribbon, making multi-county industrial-park benefits available to the project.
Lexington County committees conducted a first reading, by title only, of Ordinance 26-09, which authorizes execution and delivery of a fee agreement and special source revenue credit between the county and "Project Ribbon." The ordinance also makes the benefits of a multi-county industrial and business park available to the project.
"Ordinance 26 0 9 is stated by miss Carey. 1st reading," the presiding official stated. The committee recorded a motion and second from members and approved first reading by voice vote. The transcript does not include the ordinance's full text, the specific incentives, or any vote tally beyond the committee's recorded approval.
The action advances the formal process by which the county can negotiate a fee agreement with Project Ribbon; subsequent steps will include drafting a final fee agreement and any required public notices or further readings before final adoption. The meeting record does not show the final contractual terms or the timing for additional readings or public hearings.
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