HOMEWOOD, Alabama -- The third floor of Homewood's City Hall will now have a new tenant.

During a special called meeting this afternoon, the council agreed to lease 3,720 square feet of the floor to Alabama Power Company at the rate of $18.50 per rentable square foot.

The lease, according to the agreement obtained by AL.com, is set for an initial term of five years.

Broken down, the initial term rent is calculated at $5,735 per month.

Today's agreement came after the council finalized the release agreement of former third-floor tenant Optimal Reading Group, Inc. The company first rented 14,262-square feet of the floor as part of a six-year agreement that began in 2008.

The space rented by Optimal had been vacant for about a year.



The council convened today for less than half-an-hour.

