Council Meeting Highlights, Jan. 13, 2025
Mayor Alex Wyatt provided a statement on the Alabama Department of Examiners of Public Accounts Review as it pertains to recent financial issues. Watch the video to hear it, or VISIT HERE to read it.
Item 09.12.24: Council approved tax incentives for the Edge development. This will be a total incentive of $375,000 over five years, with an annual cap of $75,000. The Edge anticipates generating $3.6 million in revenue for the city over a 10-year period. They will receive 10% of that amount, subject to the $75,000 annual cap. The agreement is performance-based, meaning the incentive will be calculated as a percentage of actual revenue brought in by The Edge.
There were also several items approved that were budget appropriations that were already budgeted for the year.
Agenda:
https://bit.ly/4ailKjn
Upcoming meeting schedules: https://bit.ly/3bvufcT
Archived meetings: http://bit.ly/2UiSIaA
For all the details about this meeting watch the video above.
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