Wetumpka approves contract with ALDI
By Gabrielle Jansen ~ Jun 5, 2019
The Wetumpka City Council unanimously authorized Mayor Jerry Willis to execute project development agreements with ALDI on Monday night.
The council voted 4-0 to approve a project development agreement promoting economic development and a limited obligation certificate of indebtedness connected to the project.
Before voting, the council held a public hearing about the agreements which lets ALDI, a grocery and general merchandise chain, and an unannounced restaurant development space get half the city’s sales tax revenue from the businesses.
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As the nation’s largest tenant recruiters, we know exactly what specific retailers are looking for, and how to engage them.
We are happy for our client Wetumpka, AL who will be getting an Aldi soon!
Congratulations to the City, whose efforts ensured Aldi would build in their town!
