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Fee-in-lieu of ad valorem taxes agreementpending

chester-county-council-meeting-agenda-june-23-2025_206.pdf

Chester PV1, LLC $39M Tax incentive agreement

$39,140,000Chester CountyCHESTER PV1June 23, 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

Chester County is in contract discussions with Chester PV1, LLC for a fee-in-lieu of ad valorem taxes agreement. The company plans to invest approximately $39,140,000 in taxable property and in return will be awarded a tax assessment ratio for a period of 40 years.

Contract Details

Contract Amount

$39,140,000

Vendor

CHESTER PV1

Agency

Chester County, SC

Contract Type

Fee-in-lieu of ad valorem taxes agreement

Document Date

June 23, 2025

Contract Term

40 years

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