The original Development Agreement, dated November 3, 1999, was set to terminate fifteen years from its “Effective Date,” making the original termination date November 3, 2014. However, multiple extensions have been granted, pushing this date further. Below is a breakdown of these extensions in chronological order:
- First Extension Agreement (August 26, 2003), which extended the agreement to provide Premier Holdings more time to comply with permitting and other obligations 20030826 NMB EXTENSION AGREEMENT.
- Second Extension Agreement (October 31, 2003), which extended the agreement to December 5, 2003, to allow more time for obtaining necessary compliance letters from state authorities 20031031 NMB SECOND EXTENSION AGREEMENT.
- Third Extension Agreement (December 4, 2003), further extending the agreement to December 31, 2003, to complete land acquisition steps 20031204 NMB THIRD EXTENSION AGREEMENT.
- Fourth Extension Agreement (January 27, 2004), providing additional time until January 30, 2004, for Premier Holdings to finalize land acquisition financing 20040127 NMB FOURTH EXTENSION AGREEMENT.
The original Development Agreement itself, dated November 3, 1999, can be found here: 20000322 Deed 2244,922 DEVELOPMENT AGREEMENT.
These extensions collectively deferred the initial termination date of 2014, but further documents may contain additional amendments that extend this date beyond what is provided here.
State Extensions
The Permit Extension Joint Resolution of 2013 in South Carolina suspended the running of certain governmental approvals affecting the development of real property within the state. This suspension applied to approvals that were current and valid on December 31, 2012, and extended the period of validity from January 1, 2013, to December 31, 201612.