Chester County Council Meeting Agenda September 2025
Chester Asphalt Terminal LLC Receives 30-Year FILOT Incentive
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Description
Chester County Council approved a long-term fee in lieu of tax and special source revenue credit agreement with Chester Asphalt Terminal LLC. The agreement requires a $22.05 million investment and offers a 30-year tax arrangement plus 10 years of special source credits, supporting industrial expansion in the county.
Contract Details
Contract Amount
Approximately $22,050,000 investment (FILOT arrangements)
Vendor
CHESTER ASPHALT TERMINAL LLC
Agency
Chester County, SC
Contract Type
FINANCIAL_SERVICES
Document Date
September 15, 2025
Contract Term
30 years from commencement for each annual investment
Renewal Date
2055-12-31
Renewal Info
Term is 30 years per investment; includes administrative fees (max $5,000 setup/$750 annually); can be amended by County resolution; assignment, termination, and modification as per agreement.
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ONGOINGchester-county-council-meeting-agenda-september-15-2025_72b.pdf
approvedchester-county-council-meeting-agenda-september-2-2025_ccc.pdf
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