Land Swap Facilitates New CUProject

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BIRMINGHAM, Ala. - (05/11/06) – The Birmingham City CouncilTuesday approved a deal to pay $1.24 million and trade fivecity-owned lots with Alabama Power Co. Employee CU, which thecredit union plans to use to build a new facility. The downtowncredit union building will be demolished and replaced by a newbuilding on land acquired from the city. The current credit unionplot will be used for urban renewal projects.

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