Greenville County Council will conduct a public hearing Tuesday night regarding two City of Mauldin requests. They will also vote on second readings to establish a “Multi-County Park” designation on the CenterPointe acreage along Hwy 385 near Bridges Road adjacent to the Charter Communications building, as well as the same designation on parcels of land in and around its downtown Jenkins Street property.
This tax designation is allowed by South Carolina statute typically to lure major industry to our state. Industry property is currently assessed at 10.5%, commercial property at 6%, and homeowner occupied property at 4%. The various City of Mauldin, Greenville County, and Greenville County School District millages are multiplied by those rates to determine annual property tax bills. A Fee in Lieu payment will be negotiated for the life of the project with no tax increases. The County is the only political body in South Carolina that can grant this designation and capture county, city and school district future tax monies without those entities’ permission.
The county is also entering an intergovernmental agreement with the city authorizing Mauldin to receive a significant portion of all of the future growth tax revenues from all of the development. The CenterPointe development alone is mentioned as more than a $100,000,000 project. The sum of tax revenue collected will be millions of dollars that the City of Mauldin will control to build infrastructure on and adjacent to the site, as well as providing tax incentives for the developer to cultivate the property.
Mauldin officials met with the Greenville County Finance Committee behind closed doors at the Finance Committee’s last meeting on June 9. The Finance Committee passed out the two “Multi-County Ordinances” and the two “Intergovernmental Agreements”, which puts both up for full County Council vote at the Second Reading to take place on June 20. The third and final reading would be at County Council’s next meeting, which could be as late as August since County Council typically does not meet in July.
Persons wishing to speak at the Public Hearing prior to the votes can sign up to tomorrow night prior to the 6 pm meeting. No announcement of these development projects or any Development Agreements have been released.