CONSENT ITEM 28.
A Resolution authorizing the Mayor to execute a Termination and Settlement Agreement with SurModics SMP, Inc. under which SurModics SMP will pay the City of Birmingham $325,000.00 in connection with the termination of a project agreemen
Jan 22, 2013
under reviewConsentLegal & Settlements
$325,000$$$, Orange tier ($250,000 to $1 million)
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If approved, would authorize $50 million in general obligation bonds to fund public school building projects. Bonds must be repaid by taxpayers over time.
If approved, would authorize up to $10 million in city-backed bonds to finance Culton Holdings' manufacturing and warehousing facility at 1811 Woodlands Industrial Drive. The project could bring industrial investment and jobs to Birmingham.
If approved, would cancel the city's $168,000 purchase of a vacant 7,000 sq. ft. lot at 1312 1st Avenue North from Music Center, LLC. The property would remain with the seller rather than becoming city-owned land.