City Council Minutes March 16, 2026
City considers tax sharing proposal with Trident Development
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Description
Trident Development asked the City to enter a tax sharing arrangement, splitting property tax revenues for up to 15 years and up to $800,000 to offset soil remediation and site preparation costs for commercial development near RaceTrac on AL Hwy 157. The Council heard the proposal and will consider it for future action.
Contract Details
Vendor
TRIDENT DEVELOPMENT
Agency
City of Moulton, AL
Contract Type
FINANCIAL_SERVICES
Document Date
March 16, 2026
Contract Term
Proposed tax sharing for up to 15 years, capped at $800,000.00
Renewal Info
Proposed agreement would last up to 15 years with no further City obligation after that period; if $800,000 cap is reached earlier, taxes revert fully to City thereafter.
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