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Name:	Bob -	Reply
Subject:	Must read...
Date:	1/5/2009 4:01:09 PM

Must read by 8hcap...don't want this one to get lost in the big chain below...dead on...seriously!

This is getting rediculous. Go to BASS in Prattville and you will pay the normal state, city and county sales taxes plus a 1.5% "BASS tax". This last item is the income used to repay the bond issue Prattville used to fund the BASS store ($17 million+).

Many states (including Alabama) allow the use of a CDD (Community Development District). This district is treated as a governmental entity and is much like the Lake City Catherine is railing about. I only have direct experience in Florida, but such CDD's there do not have the authority to raise taxes after the bonds are issued to pay for the infrastructure. Down there, the taxing vehicle is usually property taxes, but Alabama could allow the use of a quasi-sales tax charge to fund the bonds for the infrastructure (and boy with that awful cobble parking lot they spent a lot on infrastructure). This could explain the coop fee added to the final tally, but that is speculation on my part as I have no direct knowledge of their set up.

But I do know one thing, if retailers could pass their rent along as a "coop fee" added to everyone's checks, EVERYONE would be doing it.

And Catherine, BASS was simply playing Alex City in their site selection process - there was never any real intent to open a store here - there simply is not enough traffic.

8

Name:	Hawks Nest -	Reply
Subject:	Must read...
Date:	1/5/2009 8:21:47 PM

Just to help me understand....wasn't the "Bass tax" approved as an additonal tax by the city? Was the "coop fee" approved by the government in which the business resides?

I guess the only issue I see with the coop fee is...well, do I know I'm going to pay it before I actually pay it? Is it a posted tax rate like all counties and cities have?

Name:	8hcap -	Reply
Subject:	Must read...
Date:	1/5/2009 8:51:09 PM

I will try to find out the technicalities tomorrow if I have the time.

8

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