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Land Bank hears updates: Glendale stalls, Willowstone progresses, publicity video planned
Summary
Staff reported that the Glendale project stalled over affordability and utility tap issues, Willowstone saw road installation and a spec house begun, and Allen Edwin will film a publicity video featuring Muskegon developments with Land Bank participation.
During the April 21 meeting staff provided a portfolio update on development projects carried by or associated with the Land Bank.
Minutes say Glendale has stalled due to affordability concerns related to tax rate and utility taps; the developer is seeking additional partners to assist with down payments. Willowstone has road work completed and David Bowen is preparing a new Master Deed and development agreement; a spec house has been started by Dave Dusendang. The minutes also note that Allen Edwin (a partnership) will film a publicity video featuring Muskegon developments later in April and that "Tim will be participating in this video."
The minutes do not include construction schedules or financing specifics beyond the general indication that Glendale needs additional partners. Board members asked procedural questions about purchase processes elsewhere on the agenda and staff agreed to provide application materials and checklists.
