Union Daily Times

Student housing incentives approved

UNION — Final approval for economic incentives for student housing and the authorization of a $30,000 agreement with a company to do an analysis and comparison study of power sources were approved by Union City Council this week.

Economic Incentives

In a special meeting Wednesday afternoon, council voted unanimously to approve second and final reading of an ordinance authorizing Economic Development Incentives for University Commons Apartments.

At its July meeting on Tuesday, July 17, council was presented with background information 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

At its July meeting, council also approved first reading of an ordinance authorizing Economic Development Incentives for 101 West Main Street Apartments. Council has yet to approve second and final reading of the ordinance authorizing those incentives.

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

Power Study

In other business, council voted unanimously to authorize Mayor Harold Thompson to enter into an agreement with a consulting firm for an analysis and comparison of sources of power.

Background provided council by City of Union Utility Director Joe Nichols states that “Piedmont Municipal Power Agency (PMPA) is a joint action agency of ten (10) electric utilities located in the northwest section of South Carolina. The agency provides electric service to its members through a 25% ownership of Unit 2 of the Catawba Nuclear Station. PMPA members are considering extending the arrangements under which they take service under Catawba and discussions have begun regarding the extensions. The City of Union has asked Navigant to do a study evaluating potential contract extension terms and to provide assessments on how those terms compare to alternate supply resources.”

The study by Navigant will cost the city $30,000.

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 second and final reading of Economic Development Incentives for the project during a special meeting this past Tuesday.
https://www.uniondailytimes.com/wp-content/uploads/2018/07/web1_University-Commons-Apartments-1.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 second and final reading of Economic Development Incentives for the project during a special meeting this past Tuesday.
$30,000 power source study to be conducted

By Charles Warner

cwarner@uniondailytimes.com

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