Spartanburg County Council Agenda Packet 2026-05-18
Special source credit agreement for Magnolia project amended
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Description
Spartanburg County is amending the 2024 Special Source Credit Agreement originally executed with Morgan & Henry JOF ESA II, LLC for the Magnolia Multi-Family 2 project, now assigned to Haven at West Broad, LLC. The amendment adds an additional parcel and revises fee payment calculations while continuing infrastructure credits for the development.
Contract Details
Vendor
MORGAN & HENRY JOF ESA II LLC
Agency
Cherokee Springs Fire District, SC
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
30 years of infrastructure credits tied to fee payments (per underlying agreement)
Renewal Info
Original Special Source Credit Agreement dated May 20, 2024 is being amended and restated in 2026; rights under the agreement have been assigned to Haven at West Broad, LLC, with the credit term continuing as originally structured.
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EXECUTEDCity of Spartanburg Commissioners of Public Works Meeting Minutes December 2024
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Spartanburg County Council Agenda Packet 2026-05-18
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