A public hearing on an ordinance authorizing the execution and delivery of a fee agreement between Orangeburg County and Monteferro USA Inc. providing for payment of a fee in lieu of taxes will be held during the Orangeburg County Council meeting at 5:30 p.m. Monday.

The $3.1 million Monteferro company, which manufactures steel guide rails and other elevator accessories, began operations in the joint Orangeburg County/City Industrial Park a few months ago. It is expected to create 18 jobs.

The standard fee-in-lieu-of-taxes agreement calls for an assessment ratio of 6 percent instead of the 10.5 percent industrial assessment ratio. The agreement also calls for a 10 percent special source revenue credit for five years.

A public hearing and second reading will also be held on an ordinance placing Monteferro in the joint Dorchester-Orangeburg Multicounty Industrial Park. Under the state economic development incentive, Dorchester County will get job credits and 1 percent of fees generated by the investments, while Orangeburg County will get 99 percent.

County Council will also:

* Consider policies and procedures for the Red Flag and Identity Theft Model.

* Hear a presentation by Correctional Risk Services Inc.

* Consider a request by the public works department to abandon maintenance on a portion of Fieldcrest Street.

* Discuss an economic development matter in closed, executive session.

You must be logged in to comment.