ODENVILLE — Mayor Rodney “Buck” Christian said it was simply Odenville’s economic future.
What he is talking about has been in discussions for the past four to five years, and it could bring in over $20 million of sales tax to Odenville over the next 15 years.
Christian said this is a proposed development agreement between the city of Odenville, SBE Development and Legacy Park, the apartment complex. The development is located off Alabama 174 and near Interstate 59.
“This agreement is contingent upon the property being annexed into the city of Odenville,” Christian said. “There are a total of 209 acres of real property, 25 acres of which will be used for a 220 unit multi-family project. Another 70 acres will be used for retail development.”
Christian said that property touches I-59, and is contiguous to the Odenville city limits.
At Monday’s council meeting, the council approved the advertising of the legal notice that has to be undertaken by the city in relation to the proposed development. The legal notice will run three consecutive weeks.
Christian said the council would meet Dec. 17, and at that time would consider passing the development agreement.
In other business, the council;
• Approved the minutes from the previous meeting.
• Approved to pay due bills.
• Tabled a decision to give M4A $5,000 until they have a chance to discuss it at a work session.