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Council establishes residential district for 28 N. Saginaw and approves 15-year tax exemption after debate over community benefits
Summary
The council voted to create a PA 237 residential housing facilities district for 28 North Saginaw and later approved a 15-year exemption certificate for the developer; council members debated whether the city should require a development agreement or a community benefits package before granting incentives.
The Pontiac City Council on Oct. 21 voted to establish a residential housing facilities district for 28 North Saginaw under Public Act 237 of 2022 and, after a public hearing and discussion, approved a 15‑year residential housing exemption certificate for the Blackacre Development project.
The proposal would convert the former Pontiac State Bank building into about 114 residential units, three floors of commercial/amenity space and two in-line retail spaces. Economic-development staff and the developer said the project requires…
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