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Council authorizes mayor to sign updated agreement to secure Mar Jacque property tax abatement
Summary
The council authorized the mayor to enter an amended agreement and resolution clarifying that a prior Mar Jacque economic development agreement seeks property tax abatement under Chapter 9B of Title 40 of the Code of Alabama, clearing a state-level requirement so the company can obtain a 10-year abatement period.
At the May 20 meeting the Jasper City Council authorized the mayor to execute an amended agreement clarifying that a prior economic development agreement with Mar Jacque provides a property tax abatement under Chapter 9B of Title 40, City Attorney Robson said.
Robson told the council that when Mar Jacque sought its property tax…
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