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Hoover council approves lease amendment for Riverwalk South Tower, 7–0
Summary
The Hoover City Council voted unanimously to approve a first amendment to the master lease for the Riverwalk South Tower, authorizing the Health Care Authority to execute the revised lease that removes the triple-net structure and simplifies obligations.
The Hoover City Council on a 7–0 roll-call vote approved Resolution No. 873726, authorizing the Health Care Authority of the City of Hoover to execute a first amendment to the master lease for the South Tower at Riverwalk. The vote followed a presentation by Alan Paquette, chair of the River Healthcare Authority, and questions from council members about long-term costs and obligations.
Paquette told the council the authority and city staff spent several weeks reworking the lease with the developer and submitted numerous changes. "We ended with what you have before you tonight, which is a cleaned up version that I…
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