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Jasper City Council approves tax-rebate agreement for J and M Properties redevelopment
Summary
The council adopted a development agreement to rebate a portion of sales tax revenues for J and M Properties’ planned infill project along 19th Street, contingent on job-creation thresholds and other conditions; no public comments were made at the hearing.
The Jasper City Council on Feb. 4 adopted a proposed economic development agreement with J and M Properties that offers a phased sales-tax rebate and other fee waivers for a planned downtown redevelopment along 19th Street.
Attorney Robson told the council the proposal covers a roughly $1,800,000 project to develop property between Birmingham Avenue and Corona Avenue, including construction of a new building and relocation of at least one existing business. Robson said the…
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