The incentive plan requires county approval following two public hearings, and the affected taxing entities must approve and sign the tax incentive agreement before any incentive district can take effect. No Incentive District shall become effective until the Tax Incentive Agreement two public hearings.

The incentive schedule imposes deadlines: Phase 1 must commence within two years of plan approval; if Phases 2, 3, or 4 have not commenced within ten years, their incentive districts terminate. Districts must also become effective within ten years, and each has a 25-year term. Phase 1 of the Project shall commence within two (2) years.

In exchange for the exemptions, the company must make payments for each data center: annual PILOT payments beginning at $1.35 million for Phase 1, with later-phase amounts adjusted for CPI and annual PILOT increases of 1%; annual community investment payments of $1.7 million; and a one-time $400,000 EMS payment within six months after the tax incentive agreement is fully executed. The initial annual PILOT Payment for the first Data Center total annual Community Investment Payment one-time payment of Four Hundred Thousand Dollars.

The tax incentive agreement requires job creation: at least 50 high-quality jobs in Phase 1 and at least 35 additional full-time jobs in each later phase, with an average annual salary of $75,000, excluding benefits. at least fifty (50) high quality jobs in Phase 1.

The company must fund the project’s costs, including any public infrastructure required to serve it; the plan states these costs are at no cost to the county or other taxing entities. will be funded by the Company.

Qualifying new real and personal property in an incentive district is exempt from ad valorem taxes for 25 years; the public-hearing notice also describes the exemption as covering special assessments. The districts’ effective dates are tied to completion or substantial completion, subject to a ten-year deadline, and the tax incentive agreement must be approved and executed by affected taxing entities. one hundred percent (100%) exemption ad valorem taxes and special assessments

The plan provides for water, wastewater, stormwater, electric power, telecommunications, and roadway infrastructure needed to support all project phases. The Company must fund the project costs, including required public infrastructure, at no cost to the County or other taxing entities. infrastructure necessary to support all phases funded by the Company

If a data center crosses incentive-district boundaries, the County intends to adjust the boundaries administratively to place it within one district when the adjustment qualifies as a minor amendment and adds no more than 5% of that district’s area. If that cannot be done, the affected districts’ exemptions can take effect together after completion. adjust the Incentive District boundaries