chester-county-council-meeting-agenda-june-23-2025_824.pdf

Chester County is considering a fee-in-lieu of ad valorem taxes agreement with Chester PV1, LLC. The agreement is designed to facilitate the establishment or expansion of a manufacturing facility in the County, which the Company expects will result in an investment of approximately $39,140,000 in taxable property. The agreement would provide for fee in lieu of tax payments utilizing a 6% assessment ratio for a period of 40 years for the Project or each component thereof placed in service during the investment period, and providing certain special source revenue/infrastructure credits;