The board of the Liberty County Development Authority approved a final memorandum of understanding Tuesday morning with the company behind Project Thunder, a large-scale development that’s anticipated to bring at least 200 jobs to the area sometime late next year.
The final version contains few revisions from last week’s preliminary MOU — one is a provision that the company will pay its financing fee in two installments. The financing fee is a percentage of the project’s total cost, which has been estimated at between $90 and $100 million. The company approved the revisions on Monday, according to LCDA CEO Ron Tolley.
County attorney Kelly Davis said the MOU is “intended to be a general road map” and the nuts and bolts of the project will be found in the interim lease, which is the next document up for review by the authority.
The authority’s next scheduled meeting will be Jan. 25, at the LDCA offices in Hinesville.
The final version contains few revisions from last week’s preliminary MOU — one is a provision that the company will pay its financing fee in two installments. The financing fee is a percentage of the project’s total cost, which has been estimated at between $90 and $100 million. The company approved the revisions on Monday, according to LCDA CEO Ron Tolley.
County attorney Kelly Davis said the MOU is “intended to be a general road map” and the nuts and bolts of the project will be found in the interim lease, which is the next document up for review by the authority.
The authority’s next scheduled meeting will be Jan. 25, at the LDCA offices in Hinesville.