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Zeeland Brownfield Authority approves $1.76 million reimbursement for Sligh Building
Summary
The Brownfield Redevelopment Authority authorized $1,759,738.58 in reimbursable expenses to GDP – Zeeland, LLC for the Sligh Building redevelopment; staff noted the plan will also pay interest as it matures and that consultant review found $1,759,738.51 in eligible expenses.
The Zeeland Brownfield Redevelopment Authority voted Oct. 13 to authorize $1,759,738.58 in reimbursable expenses to GDP – Zeeland, LLC for costs tied to the Sligh Building redevelopment.
Vice Chairperson Rick VanDorp presided over the meeting. Finance Director/ACM Kevin Plockmeyer and consultant Samantha Ruiz of Fleis and Vandenbrink reported that, after reviewing developer-submitted invoices, $1,759,738.51 was determined to constitute eligible reimbursable expenses. The authority’s motion to approve reimbursement was made by Beth Blanton and seconded by Andy Boatright; the motion carried with all members present voting aye.
Plockmeyer and the board noted the Brownfield Plan also authorizes payment of interest on eligible reimbursements, and that the total paid over time will therefore exceed the approved principal amount. No motions to amend the reimbursement amount or to change eligibility findings were recorded at the meeting.
The reimbursement follows an earlier Brownfield Plan approval for GDP – Zeeland, LLC in 2022–2023 that originally authorized up to $1,991,539 in eligible expenses (including contingency), though a post-completion review produced the lower eligible amount cited at the Oct. 13 meeting. The minutes do not specify a schedule for interest payments or the timetable for disbursement beyond noting the plan’s provisions govern interest computations.
The meeting record includes no public comment on the reimbursement. The authority’s action was recorded as approved by unanimous vote.
