City Council Work Session and Council Meeting Minutes 2026-03-16
Council Considers Tax Sharing Deal With Developer
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Description
Trident Development asked the City Council to consider a tax-revenue sharing agreement of up to $800,000 over 15 years to support soil remediation and site preparation for new commercial development near AL Hwy 157 and Franklin Smith Road. The proposal would cap the city’s obligation while allowing the city to capture all tax revenue above the threshold if reached early.
Contract Details
Contract Amount
up to the amount of $800,000.00 in split taxes over up to 15 years
Vendor
TRIDENT DEVELOPMENT
Agency
City of Moulton, AL
Contract Type
OTHER
Document Date
March 16, 2026
Contract Term
up to 15 years
Renewal Info
Proposed structure would end no later than 15 years after initiation or when $800,000 in shared tax revenue is reached, whichever comes first.
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