ITEM 10.
An Ordinance amending Ordinance No. 08-191, adopted by the Council August 26, 2008, which created the City of Birmingham Economic Development Stimulus Loan Program.
If approved, the city would pay up to $90,000 to resolve the legal claim filed by Outpatient Services East. The settlement would be funded from the general fund.
The city would receive payment for property damage caused by a State Farm-insured driver in June 2025. If approved, the Mayor would be authorized to finalize the settlement and resolve the claim.
If approved, would allow the city to rebate up to $1.5 million in state lodging and local sales taxes generated by a new hotel development. The rebate would support Parkside Hotel Partners' project under the state Tourism Investment Act.
If approved, would provide emergency overnight shelter and transitional housing for young adults ages 19-29 living with HIV and individuals over 30 with HIV, through June 2027. Targets support for ages 19-24 specifically for transitional housing.
If approved, the City would gain authority to condemn a portion of the property at 9848 Airport Road to construct a storm sewer as part of the Pine Knoll Vista Drainage Project, which would improve stormwater management in the area.