Long-Term FILOT and Revenue Credit in Effect for Chester Asphalt Terminal
Chester CountyCounty · SC- Disclosed value
- Approximately $22,050,000 investment (FILOT, no direct expenditure); administrative expense reimbursement up to $5,000, and annual $750 maximum for out-of-pocket reporting compliance
- From agenda
- Document date
- Sep 15, 2025
- Renews
- Free account
The 30-second brief
Chester Asphalt Terminal LLC's FILOT and Special Source Revenue Credit Agreement is now in effect, securing $22,050,000 in investment and providing long-term tax incentives tied to project development milestones and infrastructure investment.
Chester Asphalt Terminal LLC holds this financial services contract with Chester County.
The renewal date is on record. A free account shows it, with the renewals for every Chester County contract.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $22,050,000 investment (FILOT, no direct expenditure); administrative expense reimbursement up to $5,000, and annual $750 maximum for out-of-pocket reporting compliance
- Document date
- September 15, 2025
- Term
- 30 years for each annual increment of investment during a 10 year investment period; agreement dated as of September 2, 2025
- Renews
- Free account
- Agency
- Chester County
- Source document
- Chester County Council Meeting Agenda September 2025 (Agenda)
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Questions about this contract
Who was awarded the financial services contract by Chester County?
Chester Asphalt Terminal LLC was awarded this financial services contract by Chester County, as recorded on September 15, 2025. The contract value is Approximately $22,050,000 investment (FILOT, no direct expenditure); administrative expense reimbursement up to $5,000, and annual $750 maximum for out-of-pocket reporting compliance.
How much is the Chester Asphalt Terminal LLC contract with Chester County worth?
The Chester Asphalt Terminal LLC contract with Chester County is valued at Approximately $22,050,000 investment (FILOT, no direct expenditure); administrative expense reimbursement up to $5,000, and annual $750 maximum for out-of-pocket reporting compliance, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Chester County Council Meeting Agenda September 2025 (Agenda), dated September 15, 2025 from Chester County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Chester Asphalt Terminal LLC hold?
Chester Asphalt Terminal LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Chester County currently buying?
Explore Chester County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.