Tag Archives: Aiken Antique Mall

When No Info is Good Info: A City Not Listening, the Antique Mall, and Newberry Hall

A sunny Saturday afternoon in downtown Aiken, July 2022 (Photo courtesy of Michael Aiken)

Three recent Freedom of Information Act (FOIA) requests to the City of Aiken regarding the ongoing downtown demolition and redevelopment endeavor known as Project Pascalis yielded either no documents or incomplete documentation. But the paucity of documentation functions, in these cases, as good information shining more bad light on the vagaries of Project Pascalis.

The following information is good to know: 

  1. The City of Aiken has not compiled an account of questions and answers from its Project Pascalis public meetings of April 20th, 2022, and one of its meeting transcripts (which it has yet to release) omits all public comment. (1)
  2. An offer was made to purchase the Aiken Antique Mall in March, 2021 as part of a larger land consolidation effort during the earliest stage of project development (2). The Aiken City Attorney’s law firm billed Weldon Wyatt’s investment and development firm WTC, Investments, LLC for the effort. 
  3. There is no contract yet between the City of Aiken and Newberry Hall’s operators for the management and operation of the proposed city-owned conference center. (3)
The City’s Listening Skills Are Not on Display 

The City of Aiken’s website includes a five year old page titled “City of Aiken Revitalization Project.” This was the “Downtown Renaissance” project that included some elements found in the Project Pascalis proposal, but was more dispersed and did not involve demolishing a substantial portion of downtown Aiken. On that page, the City declared:

Downtown revitalization takes initiative, courage, and vision to look at what makes for a vibrant, walkable, livable center that fosters community vibrancy while creating economic opportunity. Aiken is no different. Our history of downtown revitalization is strong and the City stands ready to face the next chapter of downtown development. (4)

Although the “Downtown Renaissance” plan became mired in controversy and faded into recent history, the city did document citizen concerns in great detail. The revitalization project website features twenty pages of “Questions submitted from the public,” and links to other documents containing more than one hundred pages of comments and questions. 

In contrast, the City of Aiken has no similar record of public input for Project Pascalis. The two transcripts from the April 20, 2022 public meetings, when the city promised to have transcripts the next day, are poor and incomplete records of that event:

a. The morning meeting “You Tube” transcript is painfully difficult to read and does not identify speakers; and
b. The evening meeting transcript ends when public comment begins. 

Until now,  no transcript has ever been released to the public. 

When asked for a copy of a question and answer document similar to the one found for the “Downtown Renassaince,” the city came up empty. No efforts to document citizen questions and comments has occurred. Listening is not on the city’s agenda for Project Pascalis. 

The Antique Mall Was Targeted as Part of the Original Project Pascalis
Aiken Antique Mall, July 2022 (Photo courtesy of Michael Aiken)

The ownership of the Aiken Antique Mall has not changed hands, and there is no proposal to demolish it. But it was part of the aggressive effort to consolidate downtown property ownership to facilitate a major demolition and redevelopment project.

This consolidation effort is encouraged by the city’s “master economic development plan” completed by AECOM corporation in 2021, which cites “fragmented property ownership” as one of the “challenges for large-scale redevelopment.” This “fragmented property ownership” issue was cited by City Council in August, 2021 as a key justification to issue $10 million in bonds for the AMDC to purchase Parkway District properties. 

An offer (or offers) was made on the Aiken Antique Mall, and Weldon Wyatt’s investment and development firms had enough confidence the property would be obtained to include it in the first concept plans completed in April, 2021 by The Boudreaux Group. (5) 

In response to a FOIA request for the Antique Mall purchase and sale offer, the City of Aiken declared there is no responsive document. In response to a follow-up question, Aiken Economic Development Director and designated FOIA officer Tim O’Briant wrote:

WTC/GAC made an offer on the referenced property in the same timeframe that the firm(s) secured contracts on the other adjacent parcels. These discussions and agreements were in place prior to them approaching the City/AMDC about a public-private partnership and before the parties entered a cost-sharing agreement.

Since the contract on properties collectively referred to as “the Shah property” was secured on March 2, 2021 and the cost-sharing agreement was finalized on March 23, 2021, an offer on the Antique Mall was made during that period. It was then included in the planning process. Whether the developers had the consent of the owner to include their property in any plans is unknown at this point. 

What is known is that the Aiken City Attorney’s law firm billed WTC Investments, LLC for $6,800 to “prepare contracts and negotiate contracts for purchase of hotel, purchase of Mrs. Anderson’s property and purchase of Antique Mall.” (6) 

Another unknown is the status of the land consolidation effort that attempted to encompass the Antique Mall. The City of Aiken’s official economic growth strategy discourages “fragmented property ownership patterns.”

Aiken Antique Malll
Aiken Antique Mall, July 2022 (Photo courtesy of Michael Aiken)
Aiken Antique Mall detail, (Photo courtesy of Donald Moniak)

The Aiken Antique Mall property with its facade of flaking paint could be portrayed as crumbling and blighted by another slick public relations campaign targeting more properties for demolition and redevelopment. What is to stop it? 

Newberry Hall: No Contract, Yet. 

Newberry Hall is a private business catering to conferences, meetings, and weddings. It is a common venue for groups hosting political leaders. The influential Aiken Republican Club holds its monthly breakfasts there, which in June 2022 featured U.S. Congressman Joe Wilson. 

Newberry Hall’s website includes numerous favorable reviews, such as this one from City of Aiken public information officer Chris Ceasar: 

Newberry Hall is one of the premiere catering facilities in Aiken County. Whatever your dining pleasure, they can and will accommodate. The staff is very professional. The cuisine is most delectable. The facility is gorgeous. Try Newberry Hall. You will be pleasantly surprised!

Newberry Hall accurately describes its property located at 117 Newberry Street, SW as follows: 

Newberry Hall is on a tree-lined and beautifully landscaped city street in the heart of downtown Aiken. Walk through the front doors of Newberry Hall and enter the perfect environment for your social or corporate event.

Newberry Hall, July 2022. (Photo courtesy of Michael Aiken)

In March 2021 the development team led by Weldon Wyatt and Ray Massey sought to demolish this fixture of downtown Aiken life and the surrounding landscaping and replace it with a larger conference center connected to a new hotel. Eventually they signed a contract  with the owner, Myrtle Anderson, to purchase the property for $2 million. 

This negotiation was no cakewalk. Newberry Hall collectively negotiated favorable terms for the owner/operators of the Newberry Hall business, Patrick and Natalie Carlisle, and an “Agreement for Regarding Lease and Option” was added to the purchase and sale agreement and signed by Ms. Anderson and Weldon Wyatt. This agreement, first finalized on April 15, 2021, was retained by the Aiken Municipal Development Commission after the contracts were transferred to it via the Aiken Chamber of Commerce, which took “assignment” of the property from WTC Investments, LLC on June 3, 2021. 

The lease and option agreement included options for Newberry Hall to purchase the new building, operate the new city owned conference center, and be compensated for lost income during the construction period. The agreement states: 

C. The development of the Project contemplates that the improvements on the Property would be demolished and replaced with a larger conference center and kitchen and that Carlisle would be compensated for loss of income during interruption of Carlisle’ s business and would lease the replacement conference center and kitchen pursuant to a replacement lease and operating agreement, the terms of which are under discussion but are not finalized (the “Operating Agreement”).

D. Section 5 of the Lease provides Carlisle with a purchase option (the “Option”) that would be triggered by the closing of the Purchase.

E. Anderson and Carlisle desire to that Commission close the Purchase without triggering the Option and have requested that Carlisle grant a one-time waiver of the Option to allow Carlisle and Commission more time to attempt to finalize an Operating Agreement.

In its response to the FOIA request for the contract to operate the future conference center, the The City of Aiken “determined that no contract as described has been considered for approval by Aiken City Council or the AMDC and to date no such instrument has been executed by the parties referenced.” 

The city did not provide any more information, yet, no followup questions have been posed. The fact that “no such instrument has been executed” implies that such an instrument is still under negotiation, and would arguably be exempt from disclosure by SC FOIA law due to being a contract under negotiation and not a final product. 

Newberry Hall, July 2022. (Photo courtesy of Debbie Traves Brown)

If Project Pascalis survives legal challenges and citizen outcry, downtown Aiken will endure a minimum of three years of major demolition followed by construction. By comparison, reconstruction of The Alley took sixteen months and the Hotel Aiken has been vacant for four years. The Wedding parties, meetings, conferences, breakfasts, and other events routinely held at Newberry Hall will be held elsewhere. How much of a loss to downtown businesses will this inflict? 

Commentary

Prying information from any government body that selectively spoon feeds the people its version of the truth can bring to mind former Secretary of State Donald Rumsfeld’s famous musing about information, a series of concepts so complex that even he tripped over them during later interviews. 

.

“There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don’t know. But there are also unknown unknowns. There are things we don’t know we don’t know.” 

— Donald Rumsfeld

The secrecy and intrigue surrounding the $100 million downtown Aiken demolition and redevelopment endeavor known as Project Pascalis pales in comparison to the world of international nuclear insecurity that Rumsfeld was in part referring to that day. But the concept of information confusion is relevant to any process plagued by secrecy. 

The details of Project Pascalis were kept secret for eight full months in 2021, and the AMDC met in closed door executive session more than fifty percent of the time since the project was announced in March, 2021, primarily to discuss the project. (8) 

My wife describes ‘transparency’ as “something you can see through,” while ‘openness’ means “listening to and talking about what people see on the other side.” The City of Aiken likes to talk about being transparent, but continues to disregard the more important character trait of openness during this process. 

________________________

(1) A FOIA request was filed on July 6th for “1. A transcript of both April 20, 2022 public “design workshop” meetings held at 214 Park Avenue W. The meetings were also was held on Zoom, and during the 530-700 pm meeting, and during this Zoom call participants were asked if they wanted a transcript of the meeting. 2. All comments and questions submitted to the Zoom moderator. 3. Any compilation of questions and answers by City of Aiken and/or AMDC staff from the April 20, 2022 meetings. If they exist, these documents should be readily available with minimal search time.”

The City responded the same day with three documents: 

a. A You Tube transcript for the morning session lacking identification of speakers and disrupted with time notifications. 
b. An orderly transcript of the afternoon/evening session that omits all public comments. 
c. Screen shots of the Zoom comments. 

No compilation of questions and answers from the meetings were provided, and none exist. 

(2) A FOIA request was filed on July 11th for a “copy of the purchase (agreement) of the Antique mall referenced in the attached invoice. Since this was a part of the public-private cost sharing agreement between the AMDC and GAC, LLC, this should be available from the City of Aiken.” 

The city replied there was no “responsive record,” meaning the record may exist but they do not possess it. The city did confirm “discussions” to purchase the property:

The City replied determined the invoiced charge was related to  initial discussions with the owners of the referenced parcels by GAC, LCC. No agreement was struck, the property was never placed under contract with nor purchased by GAC, LLC, the City of Aiken nor the AMDC. Therefore, there is no responsive record.” (1) 

In a subsequent answer to a followup question, the city replied: 

“WTC/GAC made an offer on the referenced property in the same timeframe that the firm(s) secured contracts on the other adjacent parcels. These discussions and agreements were in place prior to them approaching the City/AMDC about a public-private partnership and before the parties entered a cost-sharing agreement. Therefore, no documents related to the earlier unsuccessful offer on the referenced property were ever shared with either the City or the AMDC. If such a record were available within the City’s possession and control, I’d be happy to provide it. There simply isn’t one.” 

(3) A FOIA request was filed on July 8, 2022 requesting: 

“A copy of The contract between the City of Aike or AMDC and the owners and operators of Newberry Hall for Rental and operation of the proposed City of Aiken conference center.” 

The city responded: 

“The City of Aiken has determined that no contract as described has been considered for approval by Aiken City Council or the AMDC and to date no such instrument has been executed by the parties referenced.” 

(4) https://www.cityofaikensc.gov/aiken-revitalization-project/

(5) Details of the first Project Pascalis conceptual plans are at: 

(6) Invoice obtained through Freedom of Information Act. 

(7) The purchase and sale agreement and lease agreement between WTC Investments and Newberry Hall’s owner is available at: 

The document was first released to Kelly Cornelius via a FOIA request prior to the AMDC posting it to its “transparency” page. 

The final PSA and lease agreement involving the AMDC is at: 

The lease agreement begins on page 39. 

(8) Three previous reports and letters regarding openness can be found at The Aiken Chronicles: 

A June 21, 2022 letter to the Design Review Board 

A May 27, 2022 report “Did the AMDC Violate Open Meetings Laws?” 

A report “Project Pascalis Transparency Index,” updated July 1, 2022: 

Project Pascalis Includes The Alley (A Four Part Series): Part Two

Option 2 Included a Radical Vision for The Alley

by Don Moniak

July 6, 2022

Until now, the AMDC has only revealed Option 2A (1) from its early 2021 deliberations. Option 2A was forwarded to select developers, along with a project “summary” (2) in a private solicitation for a request for proposals for an area only encompassing the “Shah Property” and Newberry Hall — but not The Alley. This solicitation represented a change in the direction of the project management, but not in the overall project vision detailed in the never released Option 2, a vision involving a radical redevelopment of The Alley. 

The Early Days of Project Pascalis: Option 2 Emerges

One week after the Aiken Municipal Development Commission (AMDC) announced a major, vaguely defined redevelopment effort named Project Pascalis, commission Chairman Keith Wood and Executive Director Tim O’Briant signed a cost sharing agreement with Weldon Wyatt’s GAC, LLC. (3) As with the Wyatt-Boudreaux agreement, references to “historic preservation” are absent. Demolition was the only consideration, and renovations were not options. 

Boudreaux Group architecture and its two subconsultants moved forward with an aggressive schedule of site visits, workshops, research, and preliminary design. While the Boudreaux Group was working on behalf of GAC, LLC, it was also designing for the Alley property recently obtained by Ray Massey’s Aiken Alley Holdings, and city owned property across from it, although no agreement detailing this arrangement is publicly available yet. 

The week of April 12 passed without the scheduled “presentation to city council and invited stakeholders,” and the AMDC only discussed the project in closed executive session on April 13th. 

On April 15th, Weldon Wyatt and Newberry Hall’s Myrtle Anderson signed a purchase and sale agreement for $2 million and options for the business’ operators to negotiate to repurchase a new building, operate the new conference center, and even be compensated for lost income during construction. 

Four days later the “Project Pascalis Conceptual Plans” were complete and ready for review.  The plan’s aerial view continued to match the description in the Boudreaux-Wyatt agreement, with the Aiken Antique Mall and the east half of The Alley remaining in the project footprint.

(Note: click on images, below, to enlarge views).

The conceptual plans, obtained on July 2, 2022, via a Freedom of Information Act request, featured “Option 2,” with the Hotel Aiken and Laurens properties replaced by ground floor retail below a three story apartment complex, a “Boutique Hotel” at the corner of Richland and Newberry, a conference center/apartments/garage complex replacing Newberry Hall, and street pattern changes on Richland and Newberry Street. 

Option 2: Five-story “Boutique Hotel” at the corner of Richland and Newberry. To the left is the 5-story conference center/parking garage/apartments complex at the corner of Newberry and The Alley.

Most dramatically, the plan envisioned retail space topped by four stories of apartments on the north side of The Alley; three stories across from it on city owned property, and a three story, elevated, enclosed walkway above the east entrance connecting apartments and providing a pathway to the parking garage. 

These plans were never shared as promised in mid-March by AMDC officials. The plans were shown to some of Massey’s newly acquired tenants. One of them is Stacy O’Sullivan, co-owner of “Art and Soul” gallery in The Alley. In 2019, “Aiken Blend” wrote of her and business partner Kim Rising’s presence in The Alley in an “entrepreneur of the week” profile: 

Art and Soul of Aiken isn’t exactly what you would call a “traditional” gallery. It is a place where local Aiken area artists can display their work in a free spirited and supportive space. Stacy O’Sullivan and Kim Rising established this co-op style business three years ago in a hidden store front on Richland Avenue. Two years ago, the business moved into the Alley. Since then, the two have had nothing but success. (4)

Their success must not have impressed her new landlords. O’Sullivan has described a visit from Massey and investment partner Todd Gaul, during which they revealed conceptual plans for their building, stating “We know this will take permits and such, but The City loves projects like this and it will not be a problem.”

O’Sullivan also describes an effort by Massey and Gaul to “illegally evict” them from their four-year old business home, and their intent to triple the rent, all while paying lip service to serious maintenance issues such as flooding in the recently renovated alley following heavy rains 

 Happy Days End 

While Massey and Gaul might not have anticipated a problem with the city, they should have anticipated one with Weldon Wyatt, especially considering his abrupt and unexplained withdrawal in January, 2020 from a purchase contract with Aiken County for the “old hospital” property at 828 Richland Ave E. 

Between April 19th and May 14th, two things happened. First, the preliminary cost estimates were completed on schedule. The estimates include a total budget of $118,372,104 and ninety eight cents; and total costs for “demolition and abatement” of the “Hotel Aiken, 108 Laurens Street, Holley House Motel, and Retail/Office Richland, Newberry, and The Alley” of $712,248. (5) 

Second, the man described by the AMDC a month previously as an “experienced and well-capitalized” private developer bailed on yet another major development on Mayor Rick Osbon’s wish list. Similar to the unexplained cancellation of the “old hospital” deal, the reason for the Project Pascalis exit remains a mystery. 

Instead of reassessing the project, AMDC officials scrambled to salvage the effort to demolish and reconstruct a major portion of historic downtown Aiken. As previously reported in A Project Pascalis Timeline, on May 14th “The Chamber of Commerce takes ‘assignment’ of the Shah property contracts, while the AMDC seeks funding to purchase them on behalf of the city. This all occurs behind closed doors.” (. ) Not until June 2 would the Chamber also arrange for “assignment” of the Newberry Hall property. 

The absence of a contract continuation with Newberry Hall’s owners did not deter the AMDC from immediately seeking a new developer for both the Shah and Newberry properties. On May 19th the AMDC sent its private solicitations for Requests for Proposals to continue the project—minus the Aiken Alley Holdings property and the Aiken Antique Mall.

There is no known formal agreement between the AMDC and Aiken Alley Holdings, but some form of unwritten agreement must have remained. Six days after the Chamber of Commerce took one for the team by taking assignment of the Newberry Hall property, Aiken Alley Holdings, LLC closed on the purchase of longtime State Farm agent Joseph Harrison’s 121 Newberry Street for $675,000, adding to the holdings in the original Pascalis footprint. 

Just over three months later, Massey was present at a “public meeting” at Victor’s Restaurant in Florence, SC hosted by the Raines Company. Two months later he was the agent for the newly formed RPM Development Partners, LLC; a consortium of Massey and other local, unnamed investors, the developers Rainesco and Lat Purser. In early December, 2021 RPM was named the Pascalis developer, pending a master agreement, although the legal advertisement for RFPs was not submitted until mid December. 


Next up: Project Pascalis Includes The Alley (A Four-Part Series): Part 3: The City, Wyatt, Ray and His Group, and Creative Ways.

For Reference

(1) The AMDC placed “Option 2A” on its “transparency page, but not Option 2; probably because a FOIA or other official request only asked for information pertaining to the AMDC’s private RFP solicitation in May 2021. This is known in some circles as willful nondisclosure. 


(2) https://aikenmdc.org/wp-content/uploads/2022/03/Pascalis-summary.pdf

In the solicitation, the AMDC offers to privatize a part of Newberry Street. The entire solicitation remains secret to this day, withheld under a FOIA exemption by the City of Aiken, despite fact that FOIA clearly states the city “may” release the documents. The AMDC does not deny the solicitation is only for demolition, not renovation of Hotel Aiken and surrounding properties. 

(3) https://aikenmdc.org/wp-content/uploads/2022/05/Pre-development-cost-sharing-GAC-LLC-pascalis.pdf 

(Released by the AMDC in response to an unidentified FOIA request or other official request)

(4) https://aikenblend.com/2019/04/10/entrepreneur-of-the-week-stacy-osullivan-kim-rising/

(5) Draft Preliminary Order of Magnitude Cost Estimate Analysis. Project Pascalis. Obtained via the SC Freedom of Information Act from the City of Aiken, July 2, 2022. 

Project Pascalis Includes the Alley (A Three Part Series): Part One

The Wyatt-Boudreaux Agreement

Recently obtained documents confirm the evolution of the $75-100 million downtown demolition and reconstruction effort known as Project Pascalis. While one of the earliest project descriptions indicated a greater presence on Laurens Street, every conceptual design from the early days includes substantial development in The Alley, and an absence of options for renovating historic buildings such as the Hotel Aiken. 

Today, The Alley is in the midst of the project area, yet city officials have denied or downplayed any plans that may impact the popular gathering area and its businesses, just as officials withheld conceptual designs from 2021—just four years removed from the multi-million dollar renovation that disrupted local businesses for more than a year. 

For example, at the Aiken Municipal Development Commission’s (AMDC) April 20, 2022 public “design review” meeting, the following submitted question was read aloud by the meeting’s Zoom moderator: 

How much more will the Project Pascalis footprint grow? In 2020 downtown redevelopment only included properties fronting Richland and the new municipal building. The most recent online map includes Newberry. Now with the addition of the (old) Municipal building the project (area) has grown threefold and an (private) ownership island occupies the middle. Are there any plans for this existing private property?

The answer from AMDC executive director and meeting moderator Tim O’Briant was: “there are none.” (1) 

One of the earliest Project Pascalis documents is the Wyatt-Boudreaux Group letter of  agreement, recently obtained from the City of Aiken via a Freedom of Information Act request. 

On March 12, 2021 Boudreaux Group of Columbia President Heather Mitchell signed an agreement to complete  “Downtown Development Project Conceptual Design Services” on behalf of Wyatt Development (GAC, LLC) (2) for an unnamed project involving a 100 room hotel, 125 unit apartment complex, conference center with a 450 seat capacity, upscale retail space, and a parking garage large enough to complement the development. 

The Wyatt-Boudreaux agreement was finalized ten days after Weldon’s WTC Investments, LLC had signed a contract to purchase three downtown properties—collectively referred to later as the “Shah Property”—for $7.5 million. (3) WTC’s involvement came only one year after it backed out of a similar project at the “old hospital” and Aiken County office complex at 828 Richland Ave E. (4) Its “agent” in both the downtown Aiken deal and the failed old hospital venture was Aiken Attorney Ray Massey, whose law partner Gary Smith has served as Aiken City Attorney for more than twenty years. 

The Wyatt-Boudreaux agreement described the project as encompassing everything from The Antique Mall on Laurens to the Hotel Aiken, wrapping east around Richland Avenue to Newberry Street, south to The Alley, and north up Bee Lane. The description clearly includes buildings in The Alley as well as the eastern portion of the Aiken Municipal Building on The Alley’s south side. 

Aiken Antique Malll
Aiken Antique Mall, Candidate for Demolition in March 2021

Three days after the agreement was signed by Boudreaux and sent to Wyatt for his signature and Tim O’Briant for his records, Ray Massey’s “Aiken Alley Holdings, LLC” moved forward on procuring a key portion of The Alley for the project.  On March 15th his investment firm—registered with the SC Secretary of State only a month prior—closed on a $2.025 million deal for 200 The Alley and 214 The Alley, parcels housing TakoSushi, Aiken Taproom, and several other businesses.  The deal also included a parking area behind 214 The Alley on Bee Lane. 

Three days after the closing, the AMDC publicly announced Project Pascalis. Few details were announced beyond the news of a commission resolution allowing AMDC Chair Keith Wood and O’Briant to pursue an agreement with an “experienced and well-capitalized” private developer the commission had “recruited and identified.” 

In a subsequent interview, Tim O’Briant told the Aiken Standard  “transparency is key” and promised additional pubic information within a few months. The Boudreaux/Wyatt agreement specified a timeline of April 12, 2021 for a presentation to City Council and “invited stakeholders.” The terms “public meeting” and “public hearing” are absent from the agreement. 

That schedule was never met. No public meetings or presentations to council were held in April, 2021.  However, the AMDC did meet behind closed doors in Executive Session on April 13th; a habit the commission would undertake during more than sixty percent of its meetings in the next six months. (5) 


Coming Soon: Project Pascalis Includes The Alley (A Four-Part Series) Part Two: Option 2.

References

(1) April 20, 2021 AMDC “Design Workshop,” 5:30 meeting to 7:00 pm meeting that extended into a scheduled City Council work session. Listen to question/answer at 2:56:07 in the video below.

(2) Weldon Wyatt signed the agreement on March 23. The words “Wyatt Development Company” are crossed out below the letterhead and on the signature page, and  “GAC, LLC” is handwritten in their place.  This typo may have foreshadowed Wyatt’s early exit from the project; as well as the general lack of attention to detail that has plagued the project. The last version of Wyatt Development, LLC was actually dissolved in April, 2013. 

(3) From: “Resolution Authorizing Acceptance of Assignments

Adopted November 9, 2021” Aiken Municipal Development Commission: 

“In anticipation of the Commission’s efforts to consolidate ownership of real property in connection with Project Pascalis, the Greater Aiken County Chamber of Commerce (the “Chamber of Commerce”) has entered into the following purchase and sale agreeme for the acquisition of such real property: (i) a Purchase and Sale Agreement by and between Myrtle H. Anderson, seller, and WTC Investments, LLC, as purchaser, dated April 15, 2021 (the “Anderson Agreement”), for the purchase ofreal property identified as TMS# 121-21-08-004(the “Anderson Property”) for the purchase price of $2,000,000; and (ii) a Purchase and Sale Agreement by and among Historic Hospitality, LLC, S&N Hospitality, LLC, Shah Enterprises, LLC, and Paresh Shah, LLC, collectively as sellers, and WTC Investments, LLC, as purchaser, dated March 2, 2021 (the “Shah Agreement” and together with the Anderson Agreement, the “Agreements”), for the purchase of real property identified as TMS# 121-21-09-002121-21-08- 001121-21-08-002121-21-08-003121-21-08-009, and 121-21-09-001 (the “Shah Property” and collectively with the Anderson Property, the “Properties”), for the purchase price of $7,500,000. (5) Pursuant to a bond ordinance of City Council enacted August 23, 2021, the City issued its $9,600,000 General Obligation Bond, Taxable Series 2021.” 

(4) https://aikenchronicles.com/2022/06/21/project-pascalis-and-the-wyatt-factor/

(5) https://aikenchronicles.com/2022/07/01/project-pascalis-transparency-index/