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Special Source Credit Agreementpending

spartanburg-county-council-meeting-agenda-july-21-2025_e2d.pdf

Special Source Credit Agreement Considered for Drayton Townhomes

NACherokee Springs Fire DistrictDRAYTON TOWNHOMESJuly 21, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Spartanburg County is considering a Special Source Credit Agreement with Drayton Townhomes LLC for a townhome project in the county. The company is expected to invest at least $22.4 million by December 31, 2027, in exchange for infrastructure credits against payments in lieu of taxes.

Contract Details

Contract Amount

NA

Vendor

DRAYTON TOWNHOMES

Agency

Cherokee Springs Fire District, SC

Contract Type

Special Source Credit Agreement

Document Date

July 21, 2025

Contract Term

NA

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