Reed City Council approves 10-year tax exemption for former Herald building at 101 W. Slosson

The Reed City Council on July 14 unanimously adopted Resolution 2025-15 to establish an Obsolete Property Rehabilitation District for the former Herald building at 101 W. Slosson and approved a 10-year obsolete-property tax exemption for the project.

The resolution, offered by Councilmember Trevor Guiles and supported by Nate Bailey, grants an exemption under Public Act 146 of 2000 for property improvements to a facility owned or proposed by applicant Brennan Walsh. The exemption period runs from December 31, 2025, through December 30, 2035; the resolution states the certificate will not be extended beyond ten years and requires that rehabilitation of the facility be completed by December 12, 2036.

Council's findings recorded that the proposed exemption meets the statutory conditions: the aggregate taxable value of exempt properties would not exceed 5% of the city's total taxable value and the application was considered at a public hearing held July 14. The resolution notes the rehabilitation will include improvements aggregating 10% or more of the property's true cash value at commencement and states the project is expected to increase commercial activity, create housing and raise residency in the Reed City community.

Motion and vote: the resolution was moved by Guiles and seconded by Bailey; the roll call recorded votes of Woodside, Bailey, Nixon, Anderlohr, Guiles, Meinert and Lupo in favor and none opposed. The clerk certified the resolution as adopted.

Next steps listed in the resolution include processing of the exemption certificate and the city's oversight of the rehabilitation timeline and compliance with PA 146 of 2000 and related statutory requirements.