Council sets public hearing for $3 million Kevcor redevelopment at 410 Marshall Street

The Coldwater City Council on April 13 voted to set a public hearing on a proposed $3 million redevelopment of the former Family Fare building at 410 Marshall Street.

Planning staff Samantha Albright told the council the 40,000-square-foot property, owned by Kevcor Enterprises, would continue to operate as a grocery market and include a bar-restaurant and additional recreational space in phase one. Albright said the project would retain about 40 permanent jobs and add roughly 10 temporary positions during construction.

Albright said the applicant will seek the full 12-year obsolete property rehabilitation exemption; the council passed Resolution 2632 to set the public hearing and take public comment on the application. "We are asking to set a public hearing to get more detail and take public comments on this project," she said.

Why it matters: The exemption shields part of a property's value from local property taxes for a defined period to encourage investment. In this case, Albright said the Opera/rehabilitation program would reduce a developer’s initial tax liability for up to 12 years while the project is completed and the property returns to the regular millage rate after the exemption period.

Council members asked procedural questions about the hearing and confirmed staff will return with details. Daryl, introduced as a representative for the project, was present and available for council questions during the meeting.

Next steps: The council set the public hearing by adopting Resolution 2632; the redevelopment will proceed through public hearing and review processes before any exemption is finally granted.