County Induces FILOT Agreement With Project Commodore II
Greenwood CountyCounty · Greenwood, SC- Disclosed value
- Not less than $111,786,520.00 (investment amount; FILOT payments subject to Special Source Revenue Credits)
- From resolution
- Document date
- May 16, 2023
The 30-second brief
Greenwood County Council adopted Inducement Resolution 2023-13 to authorize negotiation of a 30-year FILOT agreement and Special Source Revenue Credits with Project Commodore II for a solar energy investment of at least $111.8 million. The future agreement will set a 6% assessment ratio and fixed millage rate to support the project's economic development impact.
Project Commodore Ii holds this financial services contract with Greenwood County.
Term as filed: Thirty (30) years from Commencement Date as defined in the Act.
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Contract details
- Contract type
- Financial Services
- Amount
- Not less than $111,786,520.00 (investment amount; FILOT payments subject to Special Source Revenue Credits)
- Document date
- May 16, 2023
- Term
- Thirty (30) years from Commencement Date as defined in the Act
- Vendor
- Project Commodore Ii
- Agency
- Greenwood County
- Source document
- greenwood-county-resolution-2023-13-project-commodore-ii_4c3.pdf (Resolution)
Project Commodore Ii's other public contracts
More Greenwood County contracts
Questions about this contract
Who was awarded the financial services contract by Greenwood County?
Project Commodore Ii 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 Special Source Revenue Credits).
How much is the Project Commodore Ii contract with Greenwood County worth?
The Project Commodore Ii contract with Greenwood County is valued at Not less than $111,786,520.00 (investment amount; FILOT payments subject to Special Source Revenue Credits), 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-2023-13-project-commodore-ii_4c3.pdf (Resolution), dated May 16, 2023 from Greenwood County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Project Commodore Ii hold?
Project Commodore Ii 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.