Project Aurora is an expansion of a Lancaster County Company that was founded 30 years ago and employs over 100 people in the County.  The Company has been an integral part of both the business and local community. Having especially strong ties with the schools in the County.   

The Project will be located in a multi-county park. To defray or reimburse the Costs of Special Source Improvements with respect to the Project, the County will agree to provide, and the Company shall, subject to the provisions of Section 3.02 hereof, receive, Special Source Revenue Credits in two tiers:

SSRC 1) The first tier of Special Source Revenue Credits (“SSRC I”) shall be equal to the difference between the gross FILOT Payments that would be due under this Agreement and the FILOT Payments that would be due if calculated using a fixed millage rate of .34550 plus any millage which may hereafter be imposed for the specific purpose of providing fire, EMS or stormwater services.  SSRC I shall be provided for a period of twenty (20) consecutive tax years, to be applied to any investment in the Project by the Company and any Project Affiliate during the Investment Period 

SSRC 2) shall be equal to twenty-five percent (25%) of FILOT Payments (as reduced by SSRC I) due under this Agreement for a period of five (5) consecutive tax years.

The Department of Economic Development recommends approval of this Resolution.