County to negotiate FILOT with Project Commodore I
Greenwood CountyCounty · Greenwood, SC- Disclosed value
- Not less than $111,786,520.00 (investment amount; FILOT payments subject to agreement; Special Source Revenue Credits to be determined)
- From resolution
- Document date
- May 16, 2023
The 30-second brief
Greenwood County Council approved an inducement resolution to negotiate a 30‑year fee‑in‑lieu of ad valorem taxes agreement and Special Source Revenue Credits with Project Commodore I for a proposed solar energy investment of at least $111.8 million. The agreement will provide a 6% assessment ratio and a fixed 322.4‑mill rate on new investment at the Greenwood County site.
Project Commodore I holds this financial services contract with Greenwood County.
Term as filed: Thirty (30) years from Commencement Date for FILOT agreement investment period ending on the five-year anniversary of the Commencement Date.
See who signed off on this contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- Not less than $111,786,520.00 (investment amount; FILOT payments subject to agreement; Special Source Revenue Credits to be determined)
- Document date
- May 16, 2023
- Term
- Thirty (30) years from Commencement Date for FILOT agreement investment period ending on the five-year anniversary of the Commencement Date
- Vendor
- Project Commodore I
- Agency
- Greenwood County
- Source document
- greenwood-county-resolution-2023-12-project-commodore-i_869.pdf (Resolution)
Project Commodore I's other public contracts
More Greenwood County contracts
Questions about this contract
Who was awarded the financial services contract by Greenwood County?
Project Commodore I was awarded this financial services contract by Greenwood County, as recorded on May 16, 2023. The contract value is Not less than $111,786,520.00 (investment amount; FILOT payments subject to agreement; Special Source Revenue Credits to be determined).
How much is the Project Commodore I contract with Greenwood County worth?
The Project Commodore I contract with Greenwood County is valued at Not less than $111,786,520.00 (investment amount; FILOT payments subject to agreement; Special Source Revenue Credits to be determined), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record.
Where was this contract approved?
This contract appears in greenwood-county-resolution-2023-12-project-commodore-i_869.pdf (Resolution), dated May 16, 2023 from Greenwood County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Project Commodore I hold?
Project Commodore I may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Greenwood County currently buying?
Explore Greenwood County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.