Council Approves Infrastructure Credit Agreement With Project Latitude
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Description
Clarendon County Council gave second reading approval to an infrastructure credit agreement with Project Latitude, providing a special source revenue credit for its $30 million investment in the Alucoil building.
Contract Details
Contract Amount
$30,000,000 investment (private); Special Source Revenue Credit: 35% for 5 years, reducing over 10 years
Vendor
PROJECT LATITUDE
Agency
Clarendon County, SC
Contract Type
OTHER
Document Date
July 14, 2025
Contract Term
10 years (revenue credit duration)
Renewal Date
2035-07-14
Renewal Info
Infrastructure credit provided: 35% for first 5 years, decreases; overall term 10 years.
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