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Hoover Council authorizes letter of intent to sell 3021 Lorna Road to PWD Equity Partners LLC for $1.9 million
Hoover City Council · December 9, 2025
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Summary
Council authorized a letter of intent to sell city-owned 3021 Lorna Road to PWD Equity Partners LLC for $1,900,000 with $5,000 nonrefundable earnest money and an initial inspection period; attorney clarified $15,000 due-diligence payment is evidence of payment, not a deposit.
The Hoover City Council voted Dec. 8 to authorize the mayor to execute a letter of intent to sell property at 3021 Lorna Road to PWD Equity Partners LLC for $1,900,000, with $5,000 in nonrefundable earnest money.
City Attorney described the sale terms:…
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