The City of Hartselle has an active commercial development incentive program, consisting of two different incentive options:

Development Incentive Option #1

Development Incentive Option #1 is designed for all developers. This program will reimburse a developer for up to 100% of any required public infrastructure improvements based on new sales tax dollars created by the individual development. The level of reimbursement is based, per development, on a percentage of collected sales tax, less educational earmarks, paid back quarterly over a maximum of five years.

Examples of reimbursable public infrastructure improvements available under this program are: Deceleration Lanes, Left Turn Lanes, Traffic Signals, Public Roadway Construction, Drainage Improvements, Utility Line Extensions on Public Rights of Way, Dedicated Easements, Utility Availability Fees, and Tap Fees. The City of Hartselle requires a signed agreement with the developer before construction begins on the project in order to take advantage of this program.

Development Incentive Option #2

Development Incentive Option #2 features the use of Star Bonds to assist in funding new development projects. Hartselle is one of few Alabama cities currently offering Star Bonds. We petitioned the State of Alabama for a special amendment in order to offer your organization this competitive opportunity. Development Incentive Option #2 is a cutting edge program with few restrictions. Funds from Star Bonds may be used to pay for any part of the project development. The bonds issued through Development Incentive Option #2 retire with the new sales tax dollars generated by the development. In order to qualify for this plan, the City of Hartselle requires a development to produce a minimum of one million dollars annually in sales tax revenue.

For more information on these programs and their potential application to your project, please contact the Department of Development at (256) 773-0188.