Council approves fee‑in‑lieu agreement ordinance for Prisma Cable Systems USA (Ordinance 26‑09)
September 08, 2026 | Lexington County, South Carolina
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Chairman Hudson read Ordinance 26‑09, which authorizes the execution of a fee‑in‑lieu (payment in lieu of taxes) agreement under Chapter 44 of Title 12 and Chapter 1 of Title 4 of the South Carolina Code of Laws (1976, as amended) to support Project Rembin, identified in the ordinance as Prisma Cable Systems USA LLC. The ordinance also preserves the continued availability of multi‑county industrial and business park benefits for the project.
Council moved and seconded the ordinance on third reading and the clerk recorded affirmative votes. The action formalizes the county's participation in the economic development incentive package as described in the ordinance language read on the floor.
Council moved and seconded the ordinance on third reading and the clerk recorded affirmative votes. The action formalizes the county's participation in the economic development incentive package as described in the ordinance language read on the floor.
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