Common Contracts

1 similar Fee-in-Lieu of Tax Agreement contracts

AN ORDINANCE
Fee-in-Lieu of Tax Agreement • November 20th, 2015

AUTHORIZING THE EXECUTION AND DELIVERY OF A FEE-IN-LIEU OF TAX AGREEMENT BY AND AMONG CHARLESTON COUNTY, STONEY LADSON, LLC, (THE “SPONSOR”) AND SEA PAC, LLC (THE “SPONSOR AFFILIATE”) WHEREBY CHARLESTON COUNTY WILL ENTER INTO A FEE-IN-LIEU OF TAX ARRANGEMENT WITH THE SPONSOR AND SPONSOR AFFILIATE, AND PROVIDING FOR PAYMENT BY SPONSOR AND SPONSOR AFFILIATE OF CERTAIN FEES-IN-LIEU OF AD VALOREM TAXES; PROVIDING FOR THE ALLOCATION OF FEES-IN-LIEU OF TAXES PAYABLE UNDER THE AGREEMENT FOR THE ESTABLISHMENT OF A MULTI-COUNTY INDUSTRIAL/BUSINESS PARK; AND OTHER MATTERS RELATING THERETO.