Troy council approves tax abatement
The Troy City Council on Tuesday approved tax abatements for Golden Boy Nut Corporation in advance of a possible expansion of the local processing facility.
The 10-year abatement, which does not include any sales or property taxes for education, is binding only if the state and city reach a project agreement with Golden Boy, said Mayor Jason Reeves.
“This is not a project announcement; there is no project agreement in place,” Reeves said. “But it’s the first step … and we hope to come back with a project agreement if everything works out.”
In addition to that resolution, council members approved the FY 2021 Rebuild Alabama Public Transportation Plan for the city, which calls for the completion of Mockingbird Lane. The completed road will provide access for the Pike County Schools STEM facility and Kimber Manufacturing, located in the Industrial Park, to U.S. 231 and back through connector roads to Trojan Parkway.
Reeves said completing the road will allow traffic seeking to turn north onto U.S. 231 access to the traffic light adjacent to Lowe’s shopping center.
The council also approved a Request for Proposal for FEMA professional services, continuing an agreement with a contractor to help process paperwork for FEMA reimbursement of expenses from the April 19 storms. Brian Chandler, utilities manager, said the work could cost $25,000 to $75,000, depending on FEMA requirements, and by securing the RFP the city can seek FEMA reimbursement for the cost of working with the consultant. The council will have a special called meeting at noon Sept. 1 to canvass the Aug. 25 municipal election results.