TALLADEGA -- The Talladega City Council voted unanimously Thursday night to approve a 10-year tax abatement for a $6 million expansion project at Scot Industries.
The abatement includes all property taxes not marked for education as well as all construction-related transaction taxes other than those relating to education. In all, the company will be exempt from an estimated $15,483 per year for 10 years.
Countering that is a capital investment of $5,955,192 and a projected 15 new jobs created in three years. These 15 new jobs will create an additional $483,600 in annual payroll, according to the documents approved by the council.
These documents describe the project as a “building expansion, addition of (an) automated storage retrieval system and additional manufacturing machinery.” Talladega County Economic Development Authority Executive Director Calvin Miller said the changes involve some new racking systems and additional internal machinery.
There was little public discussion of the abatement resolution before it was voted on.
According to the company’s website, the Talladega “plant has 104,000 square feet with honing, lathe-type automatic cut-off equipment and tubing and bar inventories. It sits on a 104 acre site.”
Also Thursday, the council:
- Tabled discussion of an alcohol license for a new business pending a criminal investigation and ongoing fire inspection issues;
- Set the council meeting dates for January for the ninth and the 23rd;
- Approved a liquor license for Victory Lane Package Store in Lincoln;
- Heard City Manager Patrick Bryant give the schedule of events for the Christmas on the Square this weekend. The weather is expected to be cold but dry, he said. The festivities begin Friday at 9 a.m. with a live radio broadcast from the square;
- Heard Councilman Gerald Cooper compare Talladega’s municipal court unfavorably with Oxford’s, with the cases proceeding more quickly and the judge being more likely to gavel down or remove disruptive individuals. Councilman David Street defended the city court, saying he saw nothing but professional conduct;
- Heard Mayor Jerry Cooper report that he had recently been donating his own time to work on the renovation of the old Wood-Weaver Shoes building on the square, which will eventually hold the Hall of Heroes Collection. Cooper encouraged all other residents to donate time, money, materials or some combination toward the project;
- Heard Council President Ricky Simpson thank all of the organizers and participants of Tuesday night’s Christmas Parade; and
- Tabled a resolution limiting the terms on boards appointed by the council.