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Coldwater panel recommends Brownfield district to fund Western Meadows infrastructure
Summary
City and county officials recommended that Coldwater City Council establish a Brownfield district and approve a $508,115 plan to capture local property tax increment from 17 parcels to reimburse infrastructure work at the Western Meadows residential development.
Coldwater officials on [date] recommended that the City Council establish a Brownfield Redevelopment district and approve a plan that would capture local property tax increments to reimburse infrastructure work for the Western Meadows housing development.
Connor Zook, a consultant with Triterra, told the reconstituted Brownfield Redevelopment Authority that the plan identifies $493,115 in eligible activities and infrastructure improvements, plus $15,000 in preparation costs, for a total plan value of $508,115. “There’s $493,115 in eligible activities and infrastructure improvements,” Zook said, and he cautioned that the plan’s tables are based on 2024 taxable values and may need updating before formal approval.
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