A new restaurant and indoor children’s recreation center are closer to fruition.
The Wetumpka City Council approved an economic development agreement to sell two parcels at $7 per square foot instead of the fair market value of $11 following a public hearing where no one spoke. The agreement is done under the state’s 772 Incentive Program.
The program allows governmental entities such as municipalities to give developers incentives to bring businesses to town. Incentives can include lower cost property and tax abatements.
“We are just doing decreased pricing,” Mayor Jerry Willis said. “This will allow the city to recover its investment in the project.”
The city will still collect sales tax and ad valorem generated by the businesses.
It is still not known what the name of the businesses will be.
In other business, the council approved paying $151 per month for lighting behind the video board at the stadium at the Wetumpka Sports Complex. Currently there is only one street light in an area where teams, bands and the handicap unload. The new lights will allow for better security and visibility.
A public hearing was approved by the council as a property owner has asked for 1.14 acres next to Faith Baptist Church on Coosa River Parkway to be rezoned from Residential and Holding to Business-2.
In other action the Wetumpka City Council:
• Approved minutes of the April 7 meeting.
• Approved a three-year lease of Xerox copy machine for the second floor of the City Administration Building.
• Awarded a pest control bid to Absolute Termite and Pest Control LLC.
• Approved installing an electric meter at Fall Line Overlook.
