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Holland council approves brownfield plan amendment for large mixed‑use Magnus Capital development
Summary
Council approved a 30‑year brownfield plan amendment for a 202‑unit mixed‑use Magnus Capital development after city staff said contaminated soils required about $792,605 in eligible remediation costs; the plan will capture ad valorem commercial taxes to cover eligible costs and retain a $150,000 administrative fee for the city.
HOLLAND, Mich. — The Holland City Council on March 19 approved a brownfield plan amendment for a mixed‑use housing project developed by 24 East Limited Dividend Housing Association Limited Partnership (Magnus Capital) at 717 East 20 Fourth Street.
Community and Neighborhood Services Director Mark Myers said the project is a roughly 202‑unit development with about 13,000 square feet of commercial space. He said the majority of the residential units will be affordable and targeted to households making 80% of area median income or less, with about 40 market‑rate units.
Myers told council that during construction crews discovered contaminated soils that required removal or capping, producing roughly $792,605 in "eligible activities" and prompting the developer to request the brownfield amendment to capture ad valorem commercial taxes to pay those costs. He said the proposed plan would run for 30 years and include a $150,000 administrative fee retained by the city. "Total eligible activities, including site remediation, totals $792,605," Myers said.
Myers clarified the request would not affect the previously approved payment‑in‑lieu (PILOT) or the municipal services agreement (MSA); it would capture only ad valorem taxes on the commercial property. Councilmembers asked about how contamination can appear after development begins; Myers said consultants believe soils were trucked in and left on the site at some earlier time, and that remediation thresholds can make such costs material.
Councilmember Soule moved approval; Councilmember Raymond supported the motion. No members of the public spoke on this item during the hearing and the council’s roll call vote carried the motion.
The brownfield amendment is intended to allow the developer to recover eligible remediation costs through captured commercial taxes over the plan period; any implementation steps such as tax capture and reimbursements will be administered by the city per the approved plan.
