Special Source Revenue Credit Agreement

This is an economic development incentive agreement intended to support local business investment.

First reading in title only passed 7-0 on May 27, 2025; second reading is pending. Watch for the next recap.

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July 14, 2026

Votes at a glance - Third Reading: Ordinance for Project Ballast (Fee-in-lieu of tax agreement): PASSED 4-3 (D. Catoe, J. Jones, and R. Brazell voted NO). - Third Reading: Ordinance for Project Gemstone (Special source revenue credit agreement): PASSED (Unanimous, J. Jones absent). - Third Reading: Lease for SC Departm…

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June 9, 2026

The headline Council moves forward with wastewater infrastructure bonds and Project Gemstone agreements. The council approved the second reading of a $2 million bond ordinance to fund wastewater infrastructure improvements and held first readings on a series of economic development ordinances for "Project Gemstone," in…

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July 8, 2025

Votes at a glance - Agenda Adoption, Proclamation for Mel Pearson, Minutes Approval (June 17), and Adjournment: PASSED (Unanimous). - Amendment to Joint Industrial and Business Park Agreement (1st Reading): PASSED (Unanimous). - Sale of 205 Sumter Highway (2nd Reading): PASSED (Unanimous). - Development Impact Fees (2n…

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June 10, 2025

Votes at a glance - Proclamation for Elevate Fatherhood Month: PASSED (Unanimous). - Second Reading of rezoning ordinance for 1045 Highway 1 North: FAILED 0-0. The motion to approve the rezoning failed due to a lack of a second. - Second Reading of Special Source Revenue Credit Agreement for Project NAM: PASSED (Unanim…

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May 27, 2025

Votes at a glance - Rezone 3.75 Acre Parcel (TMS 229-00-00-004) from MRD-1 to GD (1st Reading): PASSED 4-3 (D. Shoemake, S. Tucker Jr., and J. Jones voted NO). - Special Source Revenue Credit Agreement for Project NAM (1st Reading in Title Only): PASSED (Unanimous). - Catoe Amendment 1 to Budget Ordinance: PASSED 6-1 (…

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