Civic IQ
CONTRACTAPPROVED
Get alerts

City of Gadsden Awards $9,700,000 Economic Development Contract to AJM (July 2025)

City of Gadsden logoCity of Gadsden
Disclosed value
$9,700,000.00
From minutes
Approved
Jul 22, 2025
Term
15 years

The 30-second brief

What it covers

The City of Gadsden has approved a project agreement with AJM, LLC for the development of Rural King retail shopping center. The agreement includes $9.7 million investment to acquire, construct, and renovate the former Gregerson's shopping center, with the city sharing 2.25% of sales tax proceeds for 15 years, up to $7,753,144.00.

Who holds it

AJM holds this economic development contract with City of Gadsden. Its other public contracts on record include work for Cape May County Special Services School District and Township of Saddle Brook.

What happens next

Term as filed: 15 years.

See who signed off on this $9.7M contract.

See who signed off

Free account · 30-second setup · No credit card

Contract details

Contract type
Economic Development
Amount
$9,700,000.00
Document date
July 22, 2025
Term
15 years
Vendor
AJM
Agency
City of Gadsden
Source document
city-of-gadsden-city-council-meeting-minutes-july-22-2025_ea3.pdf (Minutes)

AJM's other public contracts

Cape May County Special Services School District, New JerseyAJM Food-Related Invoice Approved for Payment · Apr 1, 2026$675Township of Saddle Brook, New JerseyPayment To AJM For 3rd Street Road Work · Feb 5, 2026$3.7KSaint Lawrence-Lewis Boces, New YorkAJM Receives Order for 6" Paper Plates · Jan 1, 2024$1.6KSaint Lawrence-Lewis Boces, New YorkAJM Awarded 9-inch White Paper Plates Contract · Jan 1, 2024$2.3KSaint Lawrence-Lewis Boces, New YorkAJM Wins Heavy Duty Plate Supply Contract · Jan 1, 2024$1KAll AJM contractsVendor profile

More City of Gadsden contracts

Three Notch Group IncCouncil Considers South 11th Street Agreement · Oct 4, 2026UndisclosedRenta Urban Land DesignCouncil Considers Riverside Park Design Agreement · Oct 4, 2026UndisclosedTyler SystemGadsden Council Ratifies Tyler System Account Payments · Sep 15, 2026$3.7MWiregrass Construction CompanyWiregrass Construction Bids on Hoke Street Project · Sep 15, 2026$1MKarma Infra LLCKarma Infra Submits Low Hoke Street Resurfacing Bid · Sep 15, 2026$827.3KAll City of Gadsden activityAgency profile

Questions about this contract

Who was awarded the economic development contract by City of Gadsden?

AJM was awarded this economic development contract by City of Gadsden, as recorded on July 22, 2025. The contract value is $9,700,000.00.

How much is the AJM contract with City of Gadsden worth?

The AJM contract with City of Gadsden is valued at $9,700,000.00, covering economic development work.

What type of contract is this?

This is a Economic Development contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city-of-gadsden-city-council-meeting-minutes-july-22-2025_ea3.pdf (Minutes), dated July 22, 2025 from City of Gadsden. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

Show 2 more questions

What other contracts does AJM hold?

AJM may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Gadsden currently buying?

Explore City of Gadsden's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

Work in government? Get Civic IQ free →
More City of Gadsden contracts →Browse all agencies in Alabama →