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Brownfield authority approves Act 381 work plan and reimbursement agreement for West Michigan Hispanic Chamber project
Summary
The board voted to approve an Act 381 work plan and authorize a development and reimbursement agreement that would allow up to $513,450 in Brownfield-eligible reimbursements over 30 years for a redevelopment at 1101 Godfrey Ave SW, Unit 2.
The Grand Rapids Brownfield Redevelopment Authority on Wednesday approved a resolution authorizing an Act 381 work plan and a development and reimbursement agreement for the West Michigan Hispanic Chamber of Commerce redevelopment at 1101 Godfrey Ave. SW, Unit No. 2.
Staff said the development team is requesting reimbursement from the authority of up to $513,450 for Brownfield-eligible activities, including demolition, asbestos abatement, site preparation and public infrastructure improvements. The reimbursement would be paid from future tax increment revenue over a 30-year period, with the last five years of the increment reserved to fund the local Brownfield revolving fund.
"The development team is requesting reimbursement from the BRA of up to $513,450 for Brownfield eligible activities," said Mackenzie, a city staff member presenting the item. Mackenzie described the project as creating anchored gathering and event space on the Godfrey Corridor.
The presenter noted the project previously received a $200,000 emerging-developer grant from the Local Brownfield Revolving Fund (LBRF) and that the Brownfield Redevelopment Authority had recommended Brownfield plan amendments. Mackenzie also said the city commission held a public hearing on the Brownfield plan amendment on Feb. 11 and that the committee of the whole gave final approval on Feb. 25.
A voice vote approved the resolution. Chairperson Edwards called for the ayes and then said, "Motion carries," after no opposition was voiced.
Next steps, staff said, include seeking state-level support through the Michigan Economic Development Corporation and securing MSF board approvals where required.
No amendments were offered during the board discussion. One board member asked that the minutes reflect that Guillermo had stepped out because of a previously noted conflict of interest; the chair agreed to include that notation.
