Spartanburg County Council Agenda Packet 2026-06-15
Special Source Credit Agreement Approved for Haven at West Broad
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Description
Spartanburg County Council approved an Amended and Restated Special Source Credit Agreement with Haven at West Broad, LLC, granting infrastructure credits over a 30-year term for a multi-family economic development project. The revisions include the assignment from Morgan & Henry JOF ESA II, LLC, the addition of a new parcel, and an updated credit/payment schedule.
Contract Details
Vendor
HAVEN AT WEST BROAD LLC
Agency
Spartanburg County, SC
Contract Type
FINANCIAL_SERVICES
Document Date
June 15, 2026
Contract Term
Thirty (30) consecutive years, starting first January 15 after project placed in service
Renewal Info
Multi-decade incentive agreement with performance/investment clawbacks and provisions for assignment with County approval. Agreement restated 2026; original 2024.
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