Ordinance | Authorized Bulletins | oanow.com

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L5030 LEGAL NOTICE NOTICE IS HEREBY GIVEN, pursuant to Modification No. 772 to the Structure of Alabama of 1901, as amended, that the Mayor and Metropolis Council of the Metropolis of Auburn (the “Council”) will take into account an ordinance (the “Ordinance”) on the often scheduled assembly of the Council on March 1, 2022, at 7:00 p.m. Central Time. The aim of the Ordinance will probably be to contemplate a Improvement Settlement (the “Improvement Settlement”) between the Metropolis and RECS Flint’s Crossing, LLC an Alabama restricted legal responsibility firm, respecting a industrial retail growth situated on the south-east nook of East College Drive and Opelika Street, Auburn Alabama 36830 throughout the Metropolis and generally known as “Flint’s Crossing/The Plains Procuring Heart” (the “Facility”). Beneath the Improvement Settlement, the Metropolis will remit to RECS Flint’s Crossing, LLC, over a interval of no more than 10 years, parts of sure gross sales and use taxes to be levied by the Metropolis at a portion of the Facility to reimburse RECS Flint’s Crossing, LLC for sure prices incurred by or on behalf of RECS Flint’s Crossing, LLC in re-developing the Facility. The general public advantages to the Metropolis to be derived from the funds to be made to RECS Flint’s Crossing, LLC pursuant to the Improvement Settlement embrace, amongst others, enabling the re-development of the Facility, including to the tax base of the Metropolis, creating jobs throughout the Metropolis, and selling industrial growth typically throughout the space surrounding the Facility. The fee of Derived Taxes to RECS Flints Crossing, LLC underneath the Improvement Settlement will profit RECS Flints Crossing, LLC, which is owned by Lundaull Wetherbee, LLC (owned 100% by William A. Leitner, III); Hollis Investments, LLC (owned 100% by R. Hayne Hollis, III);and WMJSHR Investments, LLC (owned by Abby Watson Downs, J. Watson Downs, Mary Grace Downs O’Connor, James Edwards Downs, Jr., John R. Watson, Sara Evelyn Watson, Hanna Abigail Watson, and Rachel Lyn Watson).



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