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Council approves Sandy Acres Brownfield TIF to support 54‑home development
Summary
After a public hearing, the council approved a Brownfield TIF plan for the Sandy Acres development that would support construction of 54 single‑family homes, including six income‑restricted units for 15 years, with up to $7.2 million in eligible reimbursements and a city contribution up to $1 million.
After a statutorily required public hearing, the City of Big Rapids council approved a Brownfield redevelopment plan for the Sandy Acres development.
Sam Marius, a brownfield consultant, told the council the plan covers a 54 single‑family home subdivision in which six homes will be income‑restricted for 15 years. Eligible activities under the plan include pre‑approved EGLE work, infrastructure and site preparation; the plan anticipates up to $7,200,000 of eligible reimbursable activities and a developer interest request of 3.5 percent. The plan’s financial structure is layered: developer reimbursement is first in line for eligible costs, followed by city reimbursement, and…
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