Title
A Resolution Approving a Budget Amendment for Professional Engineering Services for the North Foley Industrial Park, Authorizing Application for the Growing Alabama Tax Credit, and Authorizing GMC to Prepare and Submit the Application on the City's Behalf
Summary
The Economic Development Department is requesting that City Council approve a budget appropriation of $61,250.00 to engage Goodwyn Mills Cawood, LLC (GMC) for professional civil engineering services. This includes preparing 30% preliminary civil engineering plans ($56,250.00) and preliminary project pricing ($5,000.00) required to submit a formal application on behalf of the City for up to a $2,500,000.00 Growing Alabama Tax Credit. The tax credit funding will support critical infrastructure development at the North Foley Industrial Park, including roadway construction and utility extensions. We are also requesting permission to apply for the Growing Alabama Tax Credit opportunity that will be open in January 2027.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.**Request to Transfer Departmental Budget Dollars form must be attached**
__x__ Not budgeted requesting an increase of $61,250.00 to Legal/Professional Fees under Account No. 100-6010-6021
Capital - Departmental **Capital Purchase Worksheet form must be attached**
____ Budgeted under account #______________ for $_________ and described in budget as ________________________. Additional amount needed, if any: Increase in budget of $_________ OR, transfer of $________ from Account #____________ to Account #_____________**Request to Increase OR Request toTransfer Departmental Budget Dollars form must be attached**
____ Not Budgeted - account #______ requires budget increase of $.**Request to Increase Departmental Budget Dollars form must be attac...
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