During the Birmingham City Council Meeting on May 20, 2014 Council:
Approved a Resolution authorizing the Mayor to enter into an agreement with AMT, LLC under which the City will provide a total of up to $2,150,000.00 in Disaster funds to construct up to eighty-six (86) multi-family low/moderate income units. For more information please contact the Office of the Mayor at 205.254.2771.
Other items approved by the Council at today’s meeting include the following:
1. Approved a Resolution authorizing the Mayor to execute a Project Agreement with Festival Center Birmingham, LP under which Festival Center will redevelop the Crestwood Festival Shopping Center located at 7001 Crestwood Boulevard in order to retain and increase the number and quality of tenants at the Festival Center and the City will provide incentives totaling up to $1,784,000.00 in support of the project from sales tax revenue as partial reimbursement of the cost of the implementation of the project. The City’s incentives will be payable in up to 5 annual installments, each equal to the lesser of 50% of sales tax revenue generated by Festival Center during the prior fiscal year or $356,800.00. For more information please contact the Office of the Mayor at 205.254.2771.
2. Approved a Resolution authorizing the Mayor to execute a Project Development Agreement with Florentine Building, LLC, under which Florentine Building, LLC will renovate the historic Florentine Building located at 2101 2nd Avenue North, Birmingham, for the purposes of: (1) moving Corretti Catering, LLC into the City; (2) providing an event center on the 2nd floor; and (3) opening a new restaurant and bar on the first floor, and the City will provide incentives totaling up to $625,000.00 in support of the project to include $350,000.00 for building renovations and, subject to availability of funds in the City’s FY15 budget, $275,000.00 for public infrastructure improvements. The incentive of $350,000.00 will be payable over up to 7 years through annual payments equal to 50% of the sales tax revenue generated and paid to the City by the catering service, event space and restaurant and bar during the preceding fiscal year. For more information please contact the Office of the Mayor at 205.254.2771.
3. Approved a Resolution expressing the City’s official intent to reimburse itself, from Bond proceeds, for amounts spent on bond referendum projects prior to the issuance of the bonds, pursuant to Internal Revenue Service guidelines and also intent to issue $7,500,000.00 of Bonds for the Birmingham Zoo Project. For more information please contact the Office of the Mayor at 205.254.2771.
4. Approved a Resolution supporting the Tiger Grant application for funding the first phase study for the subsequent relocation of the I-20/59 downtown corridor. For more information please contact the Office of Councilor Kim Rafferty at 205.254.2348.
5. Approved a Resolution determining that the dedication ceremony to be held May 30, 2014, naming the vehicle/pedestrian bridge on Shuttlesworth Drive the Maxine Herring Parker Vehicle/Pedestrian Bridge, serves a public purpose that promotes goodwill and serves a public interest, and requesting that City funds be administered to pay for this event in accordance with Section 3-1-7 of the General Code of the City of Birmingham. For more information please contact the Office of Councilor William Parker at 205.254.2464.
Announcements
1. The Council Budget Hearing of the Mayor’s Proposed Budget will be held Wednesday May 21, 2014 at 4:00pm in the Council Chambers.
2. The Administration/Education Committee Meeting will be held Friday May 23, 2014 at 1:00pm in Conference Rooms D&E.
3. The Council Connecting Community Citizens Budget Hearing will be held Thursday May 29, 2014 6:00-7:30 p.m. at the Regions Park Baseball Field.
4. Councilor Steven Hoyt will host the District 8 Town Hall meeting on Thursday May 29th at 6:00pm at the Birmingham Crossplex.
Are you unable to attend the Birmingham City Council meetings? Watch Council Meetings on demand. From anywhere in the world you can log on to www.birminghamalcitycouncil.org and click on the tab Watch Council Meetings; or from the comfort of your home, tune to Bright House Cable Channel 340. The Birmingham City Council meetings are free and on demand.
