View Mobile Site

KCC looks to finalize DIT investment deal

Posted: September 21, 2012 7:40 p.m.
Updated: September 24, 2012 5:00 a.m.

Kershaw County Council will hold a public hearing and hold third reading of an ordinance authorizing a fee-in-lieu-of-taxes (FILOT) agreement with Diversified Information Technologies (DIT) during its meeting Tuesday.

DIT is a document management solutions company based in Scranton, Pa. It recently took over the former SPX Filtran building, located on U.S. 601 across from the Heritage Pointe Industrial Park in Lugoff.

The FILOT agreement calls for an 8 percent assessment ratio during a period of 10 years. The ratio would drop to 6 percent based upon an investment of at least $10 million. Currently, the company is expected to make an investment of approximately $5.8 million during its first five years as well as create at least 20 full-time jobs.

A company press release stated that the Lugoff purchase was one of four DIT made across the country in February. The others were in Minneapolis, Minn.; Hartford, Conn.; and Portland, Ore. The expansions will help the company serve clients in the financial services, insurance, healthcare and government sectors along with professional associations.

According to Tuesday’s agenda, council will not be taking up third reading of an ordinance setting the millage rate despite approving second reading at its last meeting. Third reading and a public hearing for the ordinance will be held during council’s Oct. 9 meeting.

County Attorney Ken DuBose informed council during its Sept. 11 meeting that County Auditor Robin Watkins was still working on calculating the most accurate figures to help council set the millage rate. DuBose said Watkins had also recently received a formal letter from the Kershaw County School District (KCSD) outlining a 4.7 mil increase proposal. The adjustment would generate about $500,000 annually for school operations.

KCSD Superintendent Dr. Frank Morgan said the millage increase would help recoup funds lost via a “last minute cut” in state revenue. The Kershaw County Board of School Trustees cannot independently vote to levy a millage increase, so any proposal must be brought before county council.

DuBose also noted that the ordinance, as approved on second reading, did not incorporate a millage rate increase for the school district.

Also Tuesday, council cancelled its Thursday work session.

Other items on council’s agenda include:

• appointments to the Kershaw County Planning and Zoning Commission -- Mark Sury, Max Snyder and J. Henry Walker have applied to be on the commission;

• an annual report from the Kershaw County Library; and

• a public presentation by the Fine Arts Center.

Tuesday’s meeting begins at 5:30 p.m. at the Kershaw County Government Center on Walnut Street in Camden and is open to the public.


Commenting not available.
Commenting is not available.

Contents of this site are © Copyright 2018 Chronicle Independent All rights reserved. Privacy policy and Terms of service

Powered by
Morris Technology
Please wait ...