FINANCIAL_SERVICESAMENDED

Economic Development Agreement Amended for Home 2 Suites

The Gadsden City Council amended its economic development agreement with Varish, LLC for the Home 2 Suites Hotel project. The City will rebate a portion of lodging tax for up to five years, capped at $500,000, and refund City sales tax on eligible locally purchased construction materials for 18 months.

Status
AMENDED
Document date
August 4, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Varish Llc
Agency
City of Gadsden · AL

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Rebate of 3% of City’s 5% lodging tax for 5 years, not to exceed $500,000.00; plus rebate of City sales tax on eligible construction materials for 18 months
Contract type
FINANCIAL_SERVICES
Contract term
5 years for lodging tax rebate; 18 months for construction materials sales tax rebate following contract execution
Renewal
Amendment defines incentive period as 5 years for lodging tax rebates and 18 months for construction materials sales tax rebates from contract execution; benefits end when term or $500,000 cap is reached.
Document type
Minutes
Source document
Gadsden City Council Minutes 2026-08-04

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Gadsden?

Varish Llc was awarded this financial services contract by City of Gadsden, as recorded on August 4, 2026. The contract value is Rebate of 3% of City’s 5% lodging tax for 5 years, not to exceed $500,000.00; plus rebate of City sales tax on eligible construction materials for 18 months.

How much is the Varish Llc contract with City of Gadsden worth?

The Varish Llc contract with City of Gadsden is valued at Rebate of 3% of City’s 5% lodging tax for 5 years, not to exceed $500,000.00; plus rebate of City sales tax on eligible construction materials for 18 months, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Gadsden City Council Minutes 2026-08-04 (Minutes), dated August 4, 2026 from City of Gadsden. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Varish Llc hold?

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

View Varish Llc's 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.

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