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City attorney outlines LOI terms for 3021 Loner Road; prospective buyer plans a sleep clinic
Hoover City Council (work session) · December 5, 2025
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Summary
City attorney updated council on a letter of intent for 3021 Loner Road: a $5,000 nonrefundable earnest payment and $15,000 in due-diligence expenses could extend the buyer's exclusivity to 90 days if verifiable expenses are shown.
Hoover City discussed a letter of intent (LOI) for property at 3021 Loner Road after staff reported conversations with a prospective buyer who plans to develop a sleep clinic there.
Mister Waldrop told council that the prospective buyer (Mister Casanova) was not present due to illness but has…
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