Finance Committee

District 1 District 2 District 3 District 4 District 5 District 6 District 7 Joseph Eatmon, Sr. Raevan Howard Norman Crow Lee Busby Kip Tyner John Faile Cassius Lanier Member Vice Chairperson Chairperson Alternate Council Finance Committee Meeting Agenda Tuesday, December 9, 2025 Daugherty Conference Room 3:00 p.m. TOPIC PRESENTER SUPPORTING MATERIAL Approval of Minutes NEW BUSINESS 1. Approval of disbursement from District 1 Improvements Fund for St. Councilor Eatmon Paul Baptist Church Outreach Ministries; total: $1,000.00 (OCA-25-1710) 2. Approval of disbursement from District 1 Improvements Fund for Councilor Eatmon Rose’s Leadership Academy; total: $500.00 (OCA-25-1711) 3. Approval of disbursement from District 1 Improvements Fund for Councilor Eatmon PARA senior programs; total: $500.00 (OCA-25-1712) 4. Approval of disbursement from District 1 Improvements Fund for Councilor Eatmon Mind Changers; total: $1,500.00 (OCA-25-11711) 5. Approval of disbursement from District 1 Improvements Fund for Councilor Eatmon New Enoch Missionary Baptist Church outreach ministry; total: $500.00 (OCA-25-1710) 6. Approval of disbursement from District 1 Improvements Fund for Councilor Eatmon Paul W. Bryant High School basketball program; total: $1,000.00 (OCA-25-1713) 7. Approval of disbursement from District 6 Improvements Fund for Councilor Faile Paul W. Bryant High School basketball program; total: $2,500.00 (OCA-25-1667) 1  8. Authorization of a reimbursement resolution for the planned Carly Standridge Elevate bond issuance projects (OCA-25-1735) 9. Authorization to apply for the Bulletproof Vest Partnership Program Lillie McIntyre grant 10. Resolution authorizing renewal of N.D.A.A. liability insurance for the Scott Holmes 3 Office of the City Attorney; total: $8,371.00 (OCA-25-1604) 11. Amendment to the economic development agreement with Andy Turner Northriver Hospitality Scott Holmes 12. Resolution supporting sales tax rebate to Northriver Hospitality, LLC Scott Holmes 4-5 pursuant to the Sweet Home Alabama Tourism Investment Act (OCA-25-1681) 13. Jack’s incentive request Councilor Eatmon 14. Establish budget for 2026 warrant for Noah’s Ark 2.0 Carly Standridge 6 15. Resolution authorizing the Mayor to execute an agreement for Scott Holmes 7 professional consulting and related services as a lobbyist with Huntsville Direct Communications, Inc. (OCA-25-1535) ADJOURN 2 APPROVED AS TO FORM Prepared By: JPW/cmh Requested: Finance Date: 12/9/2025 Council Presentation on: 12/16/2025 Office of the City Attorney Suspension of Rules: No RESOLUTION RESOLUTION AUTHORIZING RENEWAL OF N.D.A.A. LIABILITY INSURANCE FOR OFFICE OF THE CITY ATTORNEY (OCA-25-1604) BE IT RESOLVED BY THE CITY COUNCIL OF TUSCALOOSA as follows: That the City Attorney be, and he is hereby, authorized to sign a renewal application for N.D.A.A. lawyer’s professional liability insurance for the 2026-2027 policy year and the Chief Financial Officer is authorized to draw a draft on the appropriate fund of the City in the amount of $8,371.00, and make the same payable to N.D.A.A. Insurance Services, and the Mayor or City Clerk is authorized to execute the same. Special Handling Check Request – Please return check to the Office of the City Attorney for additional processing. FUNDING REQUIRED: Yes No COUNCIL ACTION Resolution Ordinance Introduced Passed 2nd Reading Unanimous Failed Tabled By: Amended Chief Financial Officer Comments: 3 APPROVED AS TO FORM Prepared By: /hdh Requested: Finance Date: 12/09/2025 Council Presentation: 12/16/2025 Office of the City Attorney Suspension of Rules: NO RESOLUTION RESOLUTION SUPPORTING SALES TAX REBATE TO NORTHRIVER HOSPITALITY, LLC PURSUANT TO THE SWEET HOME ALABAMA TOURISM INVESTMENT ACT (OCA-25-1681) WHEREAS, NorthRiver Hospitality, LLC, an Alabama based developer, plans to undertake the development of a hotel and marina project within the city limits of Tuscaloosa; and WHEREAS, the City Council of Tuscaloosa has reviewed the proposed project and supports the project, finding that it aligns with the goals of economic development and tourism promotion for the City; and WHEREAS, the project meets the requirements set forth in the Sweet Home Alabama Tourism Investment Act (§§ 40-18-470 to 40-18-475, Code of Alabama 1975); and WHEREAS, the City Council of Tuscaloosa has determined that granting a lodging tax rebate to NorthRiver Hospitality, LLC would serve the public interest by making the project possible: promoting tourism, attracting visitors, and fostering economic development within the City; and WHEREAS, the City Council of Tuscaloosa acknowledges that, per the agreement titled ECONOMIC DEVELOPMENT AGREEMENT BETWEEN THE CITY OF TUSCALOOSA AND NORTHRIVER HOSPITALITY, LLC REGARDING ECONOMIC DEVELOPMENT ASSISTANCE CONSISTING OF THE RENOVATION AND ADDITIONS TO THE JACK WARNER INN AND ANCHORAGE BUILDING (“Agreement”), a municipal lodging tax rebate has been approved committing 85% of the amount of 11% lodging tax due and paid to the City in years One – Ten (1-10), as generated by the Project on the Subject Property, exceeding 20 percent of the total maximum Tourism Investment Act Rebate; and WHEREAS, the City Council of Tuscaloosa hereby supports the tourism project and acknowledges that self-administered lodging tax collected from the facility will be distributed per section 4.8 of the Agreement for a period of up to ten (10) years satisfying the provisions set forth in the Sweet Home Alabama Tourism Investment Act (§§ 40-18-470 to 40-18-475, Code of Alabama 1975); NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF TUSCALOOSA, ALABAMA as follows: 4  1. The City Council hereby supports the development of the hotel and marina project by NorthRiver Hospitality, LLC. 2. The City Council acknowledges that not less than 20 percent of the total Tourism Investment Act rebate shall be derived from the municipal lodging taxes collected within the City of Tuscaloosa, dispersed pursuant to Section 4.8 of the Agreement. 3. The Mayor is hereby authorized to execute any and all necessary documents to effectuate the terms of this resolution, including any agreements or certifications required by the Alabama Department of Revenue. ADOPTED AND APPROVED this ____ day of ______________, 2025. FUNDING REQUIRED: Yes No COUNCIL ACTION Resolution Ordinance Introduced Passed 2nd Reading Unanimous Failed Tabled By: Amended Chief Financial Officer Comments: 5 Proposed Budget Revisions for FY 2026 Finance Committee - December 9, 2025 NOAH'S ARK 2.0 WARRANT SERIES BUDGET ESTABLISHMENT Current Proposed Amended Action Account # Line Item Budget Revision Budget Establish 22200080-1406 WARRANT PROCEEDS - (45,750,000.00) (45,750,000.00) Establish 22240330-xxxxx ACADEMY DRIVE - 3,750,000.00 3,750,000.00 Establish 22240330-xxxxx EASTOVER DRAINAGE - 2,500,000.00 2,500,000.00 Establish 22240330-xxxxx 10TH AVENUE & 19TH STREET - 6,800,000.00 6,800,000.00 Establish 22240330-xxxxx HERITAGE HILLS PH 1 - 1,100,000.00 1,100,000.00 Establish 22240330-xxxxx CYPRESS CREEK PH 2 - 2,000,000.00 2,000,000.00 Establish 22240330-xxxxx CYPRESS CREEK PH 3 - 9,600,000.00 9,600,000.00 Establish 22240330-xxxxx ROSEWOOD-LYNNWOOD - 2,500,000.00 2,500,000.00 Establish 22240330-xxxxx RIGGS RD & 31ST STREET - 1,200,000.00 1,200,000.00 Establish 22240330-xxxxx LINCOLN PARK DRAINAGE IMPRV - 1,300,000.00 1,300,000.00 Establish 22240330-xxxxx CONTINGENCY - 5,000,000.00 5,000,000.00 Establish 22240330-xxxxx PROPERTY BUYOUT - 5,000,000.00 5,000,000.00 Establish 22240330-xxxxx GRANTS/MATCH CONTRIBUTION - 5,000,000.00 5,000,000.00 - To establish the budget for the Warrant for Noah's Ark 2.0 drainage projects. 6 APPROVED AS TO FORM Prepared By: SBH/hdh Requested: Finance Date: 12/09/2025 Council Presentation: 12/16/2025 Office of the City Attorney Suspension of Rules: NO RESOLUTION RESOLUTION AUTHORIZING THE MAYOR TO EXECUTE AN AGREEMENT FOR PROFESSIONAL CONSULTING AND RELATED SERVICES AS A LOBBYIST WITH HUNTSVILLE DIRECT COMMUNICATIONS, INC. (OCA-25-1535) BE IT RESOLVED BY THE CITY COUNCIL OF TUSCALOOSA as follow: That the Mayor be, and he is, hereby authorized to execute by, and as an act for, and on behalf of, the City of Tuscaloosa that certain agreement now before the Council between the City of Tuscaloosa and Huntsville Direct Communications, Inc. to provide lobbying and related professional consulting services of the City of Tuscaloosa during the 2026 year in a total maximum contract amount not to exceed $48,000.00; and the City Clerk is authorized to attest the same. COUNCIL ACTION FUNDING REQUIRED: Yes No Resolution Ordinance Introduced Passed 2nd Reading Unanimous Failed Tabled By: Amended Chief Financial Officer Comments: 7