Chester County Sets FILOT Agreement With Project 2485
Chester CountyCounty · SC- Disclosed value
- At least $9,260,000 in aggregate investment; 30% Special Source Credit years 1–5 and 10% years 6–10 against FILOT payments
- From agenda
- Document date
- Nov 17, 2025
- Renews
- Free account
The 30-second brief
Chester County is finalizing a Fee In Lieu of Tax and Incentive Agreement with Project 2485 that provides a negotiated FILOT, multi‑county industrial park designation, and 10 years of special source revenue credits tied to a minimum $9.26 million investment and 36 new jobs. The agreement fixes assessment and millage rates and structures potential clawbacks if job and investment thresholds are not met.
Project 2485 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
- At least $9,260,000 in aggregate investment; 30% Special Source Credit years 1–5 and 10% years 6–10 against FILOT payments
- Document date
- November 17, 2025
- Term
- Fee agreement dated as of December 1, 2025; Compliance Period anticipated to end December 31, 2030; FILOT term up to 20 years per property tranche
- Renews
- Free account
- Vendor
- Project 2485
- Agency
- Chester County
- Source document
- chester_county_council_meeting_agenda_november_202.pdf (Agenda)
Project 2485's other public contracts
More Chester County contracts
Questions about this contract
Who was awarded the financial services contract by Chester County?
Project 2485 was awarded this financial services contract by Chester County, as recorded on November 17, 2025. The contract value is At least $9,260,000 in aggregate investment; 30% Special Source Credit years 1–5 and 10% years 6–10 against FILOT payments.
How much is the Project 2485 contract with Chester County worth?
The Project 2485 contract with Chester County is valued at At least $9,260,000 in aggregate investment; 30% Special Source Credit years 1–5 and 10% years 6–10 against FILOT payments, 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_november_202.pdf (Agenda), dated November 17, 2025 from Chester County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Project 2485 hold?
Project 2485 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.