Council committee approves resolution identifying 'Project Ribbon' for fee-in-lieu arrangement

Lexington County committee members approved Resolution R26-03 after returning from executive session, a step staff said was needed to identify a project so its investment expenditures could qualify for a fee-in-lieu-of-taxes arrangement with the county.

"I would seek an approval of resolution R 26 0 3, a resolution identifying a project in order to satisfy the requirements of the South Carolina code section 12 44 40 so as to allow investment expenditures incurred by project ribbon to qualify as expenditures eligible for a fee in lieu of taxes arrangement with Lexington County," the presiding official said. The committee moved, seconded and passed the resolution by voice vote; no opposition was recorded in the transcript.

The resolution was introduced immediately after an executive session that the committee said would address proposed business location or expansion under South Carolina Code §30-4-78.5. Committee records in the transcript do not include the text of the fee agreement; the action taken at the meeting was the county's identification of the project to allow later investment expenditures to be considered for the fee-in-lieu arrangement.

Next steps identified on the record were procedural: the resolution passed and will be incorporated into subsequent actions required to finalize any fee agreement. The transcript does not include a vote tally or further implementation details; those items were not specified at the meeting.