AUTHORIZING THE EXECUTION AND DELIVERY OF A FEE-IN-LIEU OF TAX AGREEMENT BY AND BETWEEN CHARLESTON COUNTY, PROTEGO (USA), INC., A SOUTH CAROLINA CORPORATION, AND LANDMARK ENTERPRISES, INC. A SOUTH CAROLINA CORPORATION, COLLECTIVELY PREVIOUSLY...Fee-in-Lieu of Tax Agreement • June 26th, 2023
WHEREAS, Charleston County, South Carolina (the “County”), acting by and through its County Council (the “County Council”) is authorized and empowered under and pursuant to the provisions of Title 12, Chapter 44 of the Code of Laws of South Carolina 1976, as amended (the “FILOT Act”), to designate real and tangible personal property as “economic development property” and to enter into an arrangement which provides for payment in lieu of taxes (“Negotiated FILOT Payments”) for a project qualifying under the FILOT Act; and