Incentives approved for apartments

By: By Charles Warner - [email protected]
Charles Warner | The Union Times 101 West Main Street Apartments are being developed to serve as housing for students attending USC Union. Union City Council approved Economic Development Incentives for the project at its July meeting this past Tuesday.
Charles Warner | The Union Times University Commons Apartments on Seigler Road in Union were developed to serve as housing for students attending USC Union. Union City Council approved Economic Development Incentives for the project at its July meeting this past Tuesday.

UNION — Incentives for two housing developments, a donation for a local pep rally, and funding for an exhibit by the Smithsonian Institution were approved by Union City Council this week.

Incentives

During its July meeting Tuesday evening, council voted unanimously to approve first readings of ordinances authorizing Economic Development Incentives for University Commons Apartments and 101 W. Main Street Apartments.

• University Commons Apartments

Background information provided council by Robby Moody, Senior Planner for the Catawba Regional Council of Governments, states that property owner OVA Properties, LLC was requesting council “consider granting approval for Economic Development Incentives for University Commons Apartment on Seigler Road. The estimated private investment is $374,892 and the eligible incentive is $7,568.44 based on fees paid to date. Additionally, when the apartments are leased a second business license will be required and will be eligible for a 50% rebate on an annual basis for up to five years.”

A worksheet prepared by Moody shows the following fees and the amounts paid by OVA Properties and the dates they were paid, the incentive rates, and the incentive amounts the company will receive.

— Water tap and meter(s), $3,980.25 paid on Feb. 21, 2018; an incentive rate of 100 percent or $3,980,25.

— Sewer tap and meter(s), $1,350 paid on Feb. 21, 2018; an incentive rate of 100 percent or $1,350.

— Electric meters, $120 paid on Feb. 21, 2018; an incentive rate of 100 percent or $120.

— Zoning Review Fee, $896.28 paid on Dec. 14, 2017; an incentive rate of 50 percent or $448.15.

— Building Permit, $1,786.50 paid on Dec. 14, 2017; an incentive rate of 50 percent or $893.25.

— Business License 1, $1,553.60 paid on Dec. 14, 2017; an incentive rate of 50 percent or $776.80.

Total fees paid — $9,686.63

Maximum incentive — $7,568.44

• 101 West Main Street Apartments

Background information provided council by Moody states that property owner 101 West Main, LLC was requesting council “consider granting approval for Economic Development Incentives for 101 West Main Street Apartments. The estimated private investment is $6,422.50 based on fees paid to date. Additionally, when the apartments are leased a second business license will be required and will be eligible for a 50% rebate on an annual basis for up to five years.”

A worksheet prepared by Moody shows the following fees and the amounts paid by 101 West Main, LLC and the dates they were paid, the incentive rates, and the incentive amounts the company will receive.

— Water tap and meter(s), $870 paid on May 17, 2018; an incentive rate of 100 percent or $870.

— Sewer tap and meter(s), $710 paid on May 17, 2018; an incentive rate of 100 percent or $710.

— Electric meters, $350 paid on May 17, 2018; an incentive rate of 100 percent or $350.

— Gas tap, $330 paid on May 17, 2018; an incentive rate of 100 percent or $330.

— Fire protection, $3,250 paid on May 17, 2018; an incentive rate of 100 percent or $3,250.

— Zoning Review Fee, $45 paid on March 22, 2018; an incentive rate of 50 percent or $22.50.

— Building Permit, $720 paid on April 11, 2018; an incentive rate of 50 percent or $360.

— Business License 1, $1,060 paid on April 11, 2018; an incentive rate of 50 percent or $530.

University Commons Apartments and 101 West Main Street Apartments have been developed/are being developed as housing for students attending USC Union.

Smithsonian Exhibit

In other business, council voted unanimously to allocate $2,500 from the city’s Special Events Fund for the Smithsonian Exhibit “Crossroads, Changing Rural America.”

Background information provided council by Mayor Harold Thompson states that at it’s June meeting, Judy Burke Bynum with South Carolina Humanities had addressed council about the exhibit “coming to Union in September. Ms. Bynum states that SC Humanities is a very small state-wide not for profit agency that provides money for exhibits, programming and technical assistance throughout the state.”

The exhibit, which is called Crossroads, Changing Rural America “focuses on rural communities, and Union County is the kick-off for a tour of six small communities in South Carolina. Choosing the 6 communities is a very competitive process and Union was chosen out of a very tough field.”

Bynum requested $2,500 in financial support from the city which will be used to “help with rental of the exhibit, the cost to transport to the next location and also state-wide promotion. This exhibit is shown at no cost to the public and there will be special events and activities planned by the Planning Committee here in Union.”

Pep Rally

Council also voted unanimously to sponsor the Union County Pep hosted by WBCU and Holcombe Funeral Home for $500.

The Pep Rally will be held at the Union County Fairgrounds on Thursday, Aug. 19 from 5-8 p.m.

An annual event to celebrate the new school year, the rally will feature live entertainment, free food, t-shirts, and give aways.

Charles Warner | The Union Times 101 West Main Street Apartments are being developed to serve as housing for students attending USC Union. Union City Council approved Economic Development Incentives for the project at its July meeting this past Tuesday.
https://www.uniondailytimes.com/wp-content/uploads/2018/07/web1_IMG_4062.jpgCharles Warner | The Union Times 101 West Main Street Apartments are being developed to serve as housing for students attending USC Union. Union City Council approved Economic Development Incentives for the project at its July meeting this past Tuesday.

Charles Warner | The Union Times University Commons Apartments on Seigler Road in Union were developed to serve as housing for students attending USC Union. Union City Council approved Economic Development Incentives for the project at its July meeting this past Tuesday.
https://www.uniondailytimes.com/wp-content/uploads/2018/07/web1_University-Commons-Apartments.jpgCharles Warner | The Union Times University Commons Apartments on Seigler Road in Union were developed to serve as housing for students attending USC Union. Union City Council approved Economic Development Incentives for the project at its July meeting this past Tuesday.
City to help fund Smithsonian exhibit

By Charles Warner

[email protected]

Charles Warner can be reached at 864-762-4090.

Charles Warner can be reached at 864-762-4090.