Lexington Irmo Lake Murray Real Estate Update 7-21-2010
Lexington offering incentives to development – Lexington SC town leaders are offering more incentives to encourage residential development in the town. Town Council is considering a request to temporarily suspend a 10% surcharge on capital contribution certificates that have not been pre-paid. The new policy will be effective through November 30 on residential projects only. To qualify, developers with a current sanitary sewer agreement must pay for a minimum of $100,000 in capital contributions certificates (about 40). The waiver could save at least $10,000. Town officials hope the policy will spur developers to finish projects or start new ones. “They could save a little bit or a lot of money depending on the size of the development,” assistant town administrator Stuart Ford said.
Haley’s issue may be her first test as governor – If Rep. Nikki Haley is elected governor, she will face tests of her ability to work with lawmakers. An issue she introduced – zero-based budgeting, could be an early test. Working with legislators is something current Gov. Mark Sanford failed to do in his two terms. Haley, a Lexington Republican, is an advocate of accountability in government and less spending. She championed zero-based budgeting as a way to control state spending. If elected in November, she could be the first governor to review agencies’ zero-based budgeted. But, she has to be elected and the legislature has to pass her bill.
County OK’s tax installment payments – Lexington County property owners can now pay taxes in installments. The county has adopted a state law that allows citizens to make payments on their annual real estate taxes. The new program will begin in 2011. Taxpayers will have to sign up with the county treasurer’s office to take part in the plan. A 45 day sign-up period will open in December. The first payment will be due in Feb. 2011, participants will be prepaying their 2011 tax bills. The size of payments would be based on the previous year’s taxes. The final payment could be adjusted up or down based on current tax levels, officials said.
S.C. businesses may get help in state contracts – Locally owned business owners may get help in competing with large out-of-state competitors. Sen. Jake Knotts will pre-file a bill in Dec. in the SC Senate to help locally owned businesses win state contracts. Knotts said his bill will help keep state work in SC and create jobs for South Carolinians. His bill will allow any in-state owned company with a bid within 5% or $10,000 of the lowest out-of-state company bid to match the lowest bid and win the job.
County to open new industrial park – Lexington County is putting the finishing touches on its first county-owned industrial park. Water and sewer lines and road work are being completed this month. And county leaders are now turning their attention to attracting industries to the Saxe Gotha Park site, which has been under development for more than 3 years. A SCANA training facility is the only occupant of the 300 acre park. But Lexington County leaders are looking for developers to construct a 200,000 sq. foot building in the new park. In exchange for building the new building on speculation, the county will waive fees for up to 35 acres of property until the building is leased or sold. The county’s offer calls for the new building to be in place by March 2011.
Summer Open House at the Lexington County Museum – Come by the Lex. County Museum Sunday, Aug. 22 from 2 to 5p.m. Come see what’s happening at the Lex. County Museum and discover how much fun history can be. Admission is free for the summer open house. This even is presented by the Friends of the Lexington County Museum. The museum is located at 231 Fox Street in Lexington.
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