Leeds – The Leeds City Council has approved an agreement to incentivize its development at 1770 Ashville Highway, which is owned by Alabama limited liability companies Akin Holdings and Jones Properties, according to the resolution.
A public hearing was held during a meeting of the Leeds City Council on Monday where real estate representatives spoke and showed renditions of the proposed store. The estimated date of completion is March 31 in 2027. Leeds Mayor Eddie Moore estimated that the developers will begin setting up shop in the next six weeks.
The agreement entails that the city grants a rebate up to but no more than $1,834,000. The public funds will be paid from one half of municipal sales tax generated from the business for a period that is not to exceed ten years, according to the resolution approved. The project is expected to create 50 to 60 jobs.
bustedalabama.com 