Developer deal with SouthState for downtown office tower

TIF rebates of 90% of tax increment for years 1–10 and 60% for years 11–20; reimbursement of City water and wastewater connection fees not to exceed $484,023, paid in four equal annual installments

FINANCIAL_SERVICES

Up to 20 years of TIF rebates, or until CRA expiration; utility fee reimbursement over four years

TIF rebates run for 20 years or until CRA expiration, with 90% reimbursement of project tax increment for years 1–10 and 60% for years 11–20; water and sewer impact fee reimbursement is fixed at a not-to-exceed amount and paid over four annual installments, all subject to annual appropriation and project occupancy conditions.

AgendaPacket