FINANCIAL_SERVICESPENDING

Vestavia Hills City Council Meeting Agenda May 4, 2026

City proposes tax rebate for new Edgar’s Bakery

Maximum aggregate rebate $275,000 (46.875% of actual local sales taxes over six years)City of Vestavia HillsEDGAR’S OLD-STYLE BAKERY INCMay 3, 2026

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Description

Vestavia Hills is considering an Economic Development Grant Agreement with Edgar’s Old-Style Bakery, Inc. that would rebate up to $275,000 of city sales tax over approximately six years to support the construction and operation of a new bakery at 3101 Timberlake Road. The incentive is structured as a 46.875% rebate of net local sales tax from the new facility during the agreement term.

Contract Details

Contract Amount

Maximum aggregate rebate $275,000 (46.875% of actual local sales taxes over six years)

Vendor

EDGAR’S OLD-STYLE BAKERY INC

Agency

City of Vestavia Hills, AL

Contract Type

FINANCIAL_SERVICES

Document Date

May 3, 2026

Contract Term

Six (6) consecutive Annual Incentive Periods, beginning in month of commencement of operations

Renewal Info

Agreement term is limited to six Annual Incentive Periods or until cumulative incentive payments reach $275,000, whichever occurs first; no additional renewal options are described.

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