The Jefferson County Commission is set to consider, during its Thursday meeting, releasing its interest in the former Graymont School to allow for construction on a senior living and early-learning development.
Deputy County Attorney Shawnna Smith explained during a meeting Tuesday that when the county transferred its interest in the property in 2021, it sold it for less than market value. The deal included a restrictive covenant that the property had to be used for a public purpose and owned by the city of Birmingham. Under that covenant, the city had to retain ownership for 10 years.
“The new developer that they have a contract with is desiring to have our restrictive covenant removed,” Smith said. “To do that, we would have to have fair market value for that property…