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Council reviews funding plan for Riverchase drainage project after settlement
Summary
City staff presented a proposal to fund a $4.5 million drainage project tied to a settlement agreement near Riverchase (adjacent to Panda Express and Walgreens): $500,000 from other parties, $1.6 million from the 3021 Building fund (including a $100,000 transfer already approved), and the remainder from the general fund.
Hoover City staff told the council the Riverchase drainage project — the site near the Panda Express and Walgreens that has experienced recurring flooding — requires a funding plan to comply with a previously signed settlement agreement. Staff said the total cost is estimated at $4.5 million.
Under the proposal, other contributing parties will provide…
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