• LEGAL NOTICE OF ACTION PROPOSE...

LEGAL NOTICE OF ACTION PROPOSED TO BE TAKEN

BY THE

CITY OF GOOD HOPE



Pursuant to Amendment No. 772 to the Constitution of Alabama (1903) (Section 94.01 (c) (2) of the Recompiled Constitution of Alabama and hereinafter referred to as “Amendment No 772”, the City of Good Hope, Alabama (the “City”) hereby gives notice that the City Council will consider, at a regular meeting to be held on Monday, January 22, 2018, at 6:30 p.m. in the City Hall Council Chamber, the approval of a resolution that authorizes execution and delivery of an Economic Development Agreement by and between the City of Good Hope and Robby A. Walker (dba: Castaway Bay Bar Grill) and



WHEREAS, Amendment No. 772 to the Constitution of Alabama (1901) Section 94.01 (c)(2) of the Recompiled Constitution of Alabama authorizes the City of Good Hope, as a municipal government in the State of Alabama, to lend its credit to or grant public funds and things of value to aid any corporation, or other business entity for the purpose of promoting the economic development within its jurisdiction; and



WHEREAS, Robby A. Walker (dba: Castaway Bay Bar & Grill) will be operating a restaurant in the city limits of the City of Good Hope, Alabama; and



WHEREAS, Robby A. Walker (dba: Castaway Bay Bar & Grill) has requested economic development assistance and incentives totaling $72,000.00; and



WHEREAS, an Economic Development Agreement has been prepared for council approval and public notice has been given of the impending action as set forth in Amendment No. 772.



WHEREAS, the incentive shall be up to Seventy-Two Thousand and 00/100 Dollars ($72,000.00) from the hard liquor tax revenue generated by the Project and received by the City paid out over a maximum of five years.



WHEREAS, the City shall determine in said public meeting that the public benefits sought to be achieved by the approval of the Economic Development Agreement include promotion of local economic and commercial development, stimulation of the local economy, increased employment opportunities, expansion of the City’s tax base resulting in additional tax revenues and enhancement of the overall quality of life for the citizens of Good Hope and Cullman County, Alabama.



CONCLUSION

A draft of the resolution shall be inspected in the office of the City Clerk. All members of the public are invited to attend the meeting described above or to submit written opinions or comments regarding the proposed action to the City Clerk by noon on Friday, January 19, 2018, prior to the meeting. In compliance with ADA, reasonable accommodations will be provided to individuals needing assistance upon their request. Such requests must be made to the office of the City Clerk (256-739-3757) no later than Friday noon prior to Council Meeting.



January 13, 2018
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PostedJanuary 13, 2018