Pittsylvania County approved a separate tangible-personal-property tax rate of $1.62 per $100 of assessed value for qualifying data-center computer equipment and peripherals, adding a tax cost to operating data centers in the County. The approved $1.62-per-$100 rate

The RIFA resolution authorized negotiation of an LPA that would require the SAC3 project to make at least $100 billion in capital investments over 30 years and create at least 2,500 full-time-equivalent jobs over 20 years, each with annual compensation of at least $80,500, subject to cost-of-living adjustments. These are project-specific performance commitments, not requirements stated for every data center. The proposed investment and job commitments

The LPA terms described at the meeting included minimum annual tax payments of $16.25 million for the first 1,000 acres, plus $16,250 per acre beyond that. The minutes also state that if the company failed to meet its investment commitment or did nothing with the land, it would guarantee RIFA $48,587,500 per year; on default, the County could increase or modify the equipment tax rate. Minimum tax payments and the default rate authority

The project qualifies for Enterprise Zone incentives: $1,000 per full-time job created and a waiver of land-development-use fees. The minutes describe these as nondiscretionary incentives tied to the site’s Enterprise Zone designation (job payment and fee waiver).

The Local Performance Agreement sets the data-center equipment tax rate at $1.62 per $100 and makes it static, not subject to accelerated depreciation, while the company meets the agreement’s requirements. The County may increase or modify the rate if the company defaults (static tax rate and conditions).

The site is described as having municipal water infrastructure capable of providing 7 million gallons per day and municipal sewer capacity of 4 million gallons per day, with sewer capacity to be further increased. These are stated capacities, not a guarantee of actual use (water and sewer capacity).

STACK is to enter an electric-service agreement with Appalachian Power, and the minutes state that STACK will pay all costs associated with providing power to the campus (power-service arrangement).