City of Orangeburg City Council Minutes 2026-05-19
City Approves Property Transfer to Hexagon Development Group
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Description
The City Council approved the third reading of an ordinance authorizing the transfer of city-owned parcels at 1125 Russell Street and 1067 Amelia Street to Hexagon Development Group for the development of apartments and commercial space. The deal includes purchase incentives and performance-based callbacks to ensure timely development.
Contract Details
Contract Amount
Incentives for purchase based on 5% of the tax market value
Vendor
HEXAGON DEVELOPMENT GROUP
Agency
City of Orangeburg, SC
Contract Type
OTHER
Document Date
May 19, 2026
Contract Term
Begin development within two years, substantially complete within four years
Renewal Info
Includes callback provisions requiring development to begin within two years and substantial completion within four years. City may repurchase property if conditions are not met.
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