RESOLUTION NO. 2022-004
TO AUTHORIZE EXECUTION AND DELIVERY OF AN ECONOMIC DEVELOPMENT AGREEMENT BY AND BETWEEN THE TOWN OF BERLIN AND BERLIN HARDWARE AND FARM SUPPLY, LLC, PURSUANT TO AMENDMENT NO. 772 TO THE CONSTITUTION OF ALABAMA (1903) (SECTION 94.01 (C) (2) OF THE RECOMPILED CONSTITUTION OF ALABAMA.
WHEREAS, Amendment No. 772 to the Constitution of Alabama (1901) (Section 94.01 (c) (2) of the Recompiled Constitution of Alabama authorizes the Town of Berlin, as a municipal government in the State of Alabama, to lend its credit to or grant public funds and the things of value to aid any corporation, or other business entity for the purpose of promoting the economic development within its jurisdiction; and
WHEREAS, BERLIN HARDWARE AND FARM SUPPLY, LLC is operating a hardware and farm supply store in the town limits of the Town of Berlin, Alabama; and
WHEREAS, BERLIN HARDWARE AND FARM SUPPLY, LLC has requested economic development assistance and incentives totaling $17,000 towards resolving issues with drainage running under US Highway 278; and
WHEREAS, an Economic Development Agreement has been prepared for council approval and public notice has been given of the impending action as set forth in Amendment No. 772., of which said agreement, upon approval, will become a part of this resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF BERLIN, ALABAMA, THAT:
Section 1. It is herewith determined that a public purpose shall be derived from granting said economic development assistance through promotion of local economic and commercial development, stimulation of the local economy, expansion and enhancement of local business, and improvement of public infrastructure belonging to ALDOT and the Town of Berlin.
Section 2. The Mayor and Town Clerk are hereby authorized to act on behalf of the Town Council to execute the Economic Development Agreement between the Town of Berlin and BERLIN HARDWARE AND FARM SUPPLY, LLC for a value not to exceed $17,000.00 from economic development grants, and all other documents and agreements necessary to effectuate the provision of said incentives to the extent permitted by law and to carry out the purposes and intent of the Resolution for and on behalf of the Town of Berlin.
Section 3. This agreement shall become effective May 16, 2022, pending receipt of economic development grant funds.