Riverbend Aggregates Makes Payments Under Development Deal
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Description
Riverbend Aggregates has made two payments to the Town of Pacolet under an existing Development Agreement, including $100,000 for budgeted uses and capital improvements and an additional $60,000 in lieu of obtaining trail easements. The funds are being allocated between the general fund, capital improvement fund, and a restricted account for future real estate purchases.
Contract Details
Contract Amount
$100,000 and $60,000
Vendor
RIVERBEND AGGREGATES
Agency
Town of Pacolet, SC
Contract Type
OTHER
Document Date
January 8, 2026
Renewal Info
Development Agreement includes clause requiring $60,000 payment if easements for a bike/walking trail cannot be obtained; those conditions have been met and paid.
More from Town of Pacolet
Town of Pacolet Council Meeting Minutes January 8, 2026
Town of Pacolet Council Meeting Minutes January 8, 2026
Town of Pacolet Council Meeting Minutes January 8, 2026
Town of Pacolet Council Meeting Minutes January 8, 2026
Town of Pacolet Council Meeting Minutes January 8, 2026
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