Common Contracts
1 similar Special Source Revenue Credit Agreement contracts
SPECIAL SOURCE REVENUE CREDIT AGREEMENTSpecial Source Revenue Credit Agreement • July 16th, 2020
WHEREAS, the County, acting by and through its County Council (the “County Council”) is authorized by the Code of Laws of South Carolina 1976, as amended (the “Code”) and, particularly, Sections 4-1-170, 4-1-175, and 4-29-68 of the Code (collectively, the “Park Act”), and Article VIII, Section 13(D) of the South Carolina Constitution (i) to provide special source revenue credits to investors for the purpose of defraying certain costs, including, without limitation, the cost of designing, acquiring, constructing, improving, or expanding the infrastructure serving the County or a project and for improved and unimproved real estate and personal property, including, but not limited to, machinery and equipment, used in the operation of a manufacturing facility or commercial enterprise, all to enhance the economic development of the County; and (ii) to create, in conjunction with one or more other counties, a joint county industrial or business park (“Park”) in order to facilitate the grant
