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CITY OF MUSKEGON DOWNTOWN DEVELOPMENT AUTHORITY BROWNFIELD REDEVELOPMENT AUTHORITY JOINT MEETING WITH BUSINESS IMPROVEMENT DISTRICT DATE OF MEETING: Tuesday, Apr. 11, 2023 TIME OF MEETING: 10:30 A.M. PLACE OF MEETING: City Hall Commission Chambers, 933 Terrace, Muskegon, MI ______________________________________________________________________________ AGENDA I. Roll Call II. Approval of the meeting minutes of March 14, 2023 III. Public comments on agenda items IV. BRA Business (Contessa Alexander) A. Brownfield Plan Amendment- Meadows at Harbor 31 B. EGLE Grant Application- Adelaide Pointe V. DDA agenda items (Dave Alexander) A. DDA financial report B. Project Updates VI. Adjourn AMERICAN DISABILITY ACT POLICY FOR ACCESS TO OPEN MEETING OF THE CITY COMMISSION AND ANY OF ITS COMMITTEES OR SUBCOMMITTEES To give comment on a live-streamed meeting the city will provide a call-in telephone number to the public to be able to call and give comment. For a public meeting that is not live-streamed, and which a citizen would like to watch and give comment, they must contact the City Clerk’s Office with at least a two-business day notice. The participant will then receive a zoom link which will allow them to watch live and give comment. Contact information is below. For more details, please visit: www.shorelinecity.com The City of Muskegon will provide necessary reasonable auxiliary aids and services, such as signers for the hearing impaired and audio tapes of printed materials being considered at the meeting, to individuals with disabilities who want to attend the meeting, 24- hour notice to the City of Muskegon. Individuals with disabilities requiring auxiliary aids or services should contact the City of Muskegon by writing or calling the following: Ann Marie Cummings, City Clerk at 933 Terrace Street, Muskegon, MI 49440 or by calling (231) 724- 6705 or TTY/TDD: Dial 7-1-1 and request that representative dial 231-724-6705 CITY OF MUSKEGON DOWNTOWN DEVELOPMENT AUTHORITY (DDA) / BROWNFIELD REDEVELOPMENT AUTHORITY (BRA) REGULAR MEETING MINUTES March 14, 2023 The meeting was held in the City Commission Chambers. Chairperson M. Bottomley called the meeting to order at 10:35 AM and roll was taken. MEMBERS PRESENT: M. Bottomley, B. Tarrant, K. Reid, M. Kleaveland, J. Wallace Jr., J. Moore, J. Seyferth, H. Sytsema, M. Johnson Sr., B. Hastings, D. Pollock, MEMBERS ABSENT: S. Black, J. Riegler STAFF PRESENT: P. Wills, Director of Strategic Initiatives; D. Alexander, Downtown Manager, C. Alexander, Development Analyst, S. Pulos, Planner II for Development Services, W. Webster, Administrative Assistant, D. VanderHeide, Director of DPW, Jake Eckholm, Director of Development Services, S. Wilson, Treasurer OTHERS PRESENT: Jon Rooks, Judith Hissom APPROVAL OF MINUTES Motion by K. Reid, second by J. Seyferth, to approve the regular meeting minutes for February 14, 2023. Voice vote, all approved. Agenda Item IV. A.: BROWNFIELD PLAN AMENDMENT-2ND AMENDMENT Outline of the request: Adelaide Pointe QOZB, LLC has submitted a Brownfield Plan Amendment (2nd Amendment) for the Adelaide Pointe Project – a 35-acre mixed use waterfront development project including winter boat storage, marina space, In/Out forklift boat storage, commercial/retail, and up to 400 housing units. This 2nd Amendment BPA has been prepared due to the developer no longer seeking the City of Muskegon’s bonds to pay for eligible costs related to public infrastructure. The developer will pay for the following public infrastructure costs: public roadways, a reconfiguration of West Western Ave, as well as water main, sanitary sewer and storm sewer utilities. The city will not be bonding, paying for, or constructing any assets. This will cause a shift in the Brownfield Tax Increment Funds to allow for the developer to receive 100% reimbursement for eligible activities. Background: The project seeks to transform the 35-acre site into a development that will expand public access to waterfront activities through the creation of a 280-slip marina, up to 400 new residential condominium units, dry stack marina and boat storage, and commercial/retail space. Plans for the site have begun and will continue through Fall 2030. Total private investment, not including property acquisition, is approximately $250 million. Motion: : I move to approve the resolution for the Brownfield Plan Amendment (2nd Amendment) for the Adelaide Pointe Project and further request staff to set a public hearing before the Muskegon City Commission to consider adoption of the plan. Motion by B. Hastings to accept the 2022-2023 Financial Report, second by J. Moore Roll Call Vote: M. Bottomley: Yes B. Tarrant: Yes K. Reid: Yes M. Kleaveland: Yes J. Wallace, Jr: Yes H. Sytsema: Yes J. Moore: Yes J. Seyferth: Yes M. Johnson: Yes B. Hastings: Yes D. Pollock: Yes All in favor, motion passes. Agenda Item IV. B Brownfield Development Reimbursement Agreement- 2nd Amendment, Adelaide Pointe. Background: The 2nd Amendment to the Brownfield Development & Reimbursement Agreement for Adelaide Pointe QOZB, LLC has been prepared. This will cause a shift in the Brownfield Tax Increment Funds to allow the developer to receive 100% reimbursement for eligible activities. The City is no longer using bonds to pay for public infrastructure. The developer will undertake the public infrastructure expenses moving forward. The 1st Amendment to the DRA for APQ was approved by the BRA and CC on Jan. 10, 2023. Motion: I move to approve the Development and Reimbursement Agreement (2nd Amendment) for the approved Brownfield Plan for Adelaide Pointe QOZB, LLC (Adelaide Pointe Project). Motion by M. Kleaveland, second by J. Wallace M. Bottomley: Yes B. Tarrant: Yes K. Reid: Yes M. Kleaveland: Yes J. Wallace, Jr: Yes H. Sytsema: Yes J. Moore: Yes J. Seyferth: Yes M. Johnson: Yes B. Hastings: Yes D. Pollock: Yes All in favor, motion passes. Agenda item V. A DDA Financial Report Outline of request: Staff is asking the DDA board to review and accept the financial statements for the DDA and events for Feb. 28, 2023. Background: There is no change in financial condition of the DDA since your Feb. 14, 2023 meeting. The second to last column on the right of the DDA financial statement now reflects the updated FY 2022-23 budget and the increase in tax increment revenues as approved in December. The events budget has about $100,000 in fund balance going into the 2023 event season with Michigan Makers Market, Taste of Muskegon and the Lakeshore Art Festival. Motion: I move to accept the Feb. 28, 2023 DDA and events financial statements.Motion by B. Tarrant, Second by D. Pollock Roll Call: M. Bottomley: Yes B. Tarrant: Yes K. Reid: Yes M. Kleaveland: Yes J. Wallace, Jr: Yes H. Sytsema: Yes J. Moore: Yes J. Seyferth: Yes M. Johnson: Yes B. Hastings: Yes D. Pollock: Yes All in favor, motion passes. Agenda Item B: Façade Grant – Early Owl Outline of request: After staff and DDA committee recommended approval, staff is asking for approval of a façade grant for $15,000 for The Early Owl, 451 W. Western. Background: The façade program has requests of more than $10,000 to be reviewed by staff, DDA committee (which is Brad Hastings currently) and approved by the DDA board. The Early Owl request is for an exterior lift at the back of the business for ADA accessibility to a rooftop bar/deck. The $59,000 cost qualifies for a $15,000 maximum grant. The Early Owl is the latest restaurant the Hissom family – owners of Dr. Rolf’s -- is doing in downtown Muskegon. The building was recently the Core Real Estate offices and now will be a family restaurant with breakfast through dinner and a bar. Motion: : I move to approve a $15,000 façade grant for The Early Owl, require the business to obtain all city approvals for the historic district, form-based code and building permits, remain current on city financial obligations, directing staff to execute the grant award and to work with ADA. Motion by M. Kleaveland and Second by B. Hastings Roll Call: M. Bottomley: Yes B. Tarrant: Yes K. Reid: Yes M. Kleaveland: Yes J. Wallace, Jr: Yes H. Sytsema: Yes J. Moore: Yes J. Seyferth: Yes M. Johnson: Yes B. Hastings: Yes D. Pollock: Yes All in favor, motion passes PUBLIC PARTICIPATION None. OTHER BUSINESS None. AJOURNMENT 11:30 AM BRA Agenda Item IV.A Muskegon Brownfield Development Authority Agenda Item IV-A for 4-11-23 The Meadows at Harbor 31, 105 Viridian Drive Brownfield Plan Amendment Requesting party: Harbor 31 LLC Outline of the request: Harbor 31 LLC has submitted a Brownfield Plan Amendment for the Meadows at Harbor 31 Redevelopment Project - a residential development on 2.5 acres located at 105 Viridian Drive along the south shore of Muskegon Lake. Background: The Harbor 31 project is a 31-acre mixed use development that will include 155 market-rate apartments and townhouses, as well as a hotel, retail and office space, marina, boat sales/rentals, and senior living. The Meadows at Harbor 31 is located on 2.5-acres along Muskegon Lake. The proposed redevelopment activities will include a 21 two-story multi-family duplex style residential homes with surrounding grass lawn areas, sidewalks and roadways creating a walkable community that provides access to Muskegon Lake. Sustainable development concepts are proposed throughout the Project including green building technique, low-impact development and storm water management. The total private investment, not including property acquisition, is approximately $7MM. Development is expected to begin this fall through 2024. Staff comments: • The Meadows at Harbor 31 is the third brownfield plan amendment for Harbor 31 LLC which includes Trilogy and Viridian Shores. • The original property has been utilized for industrial use which has resulted in a widespread of contamination across the property. The developer is in the process of completing a Phase I ESA and will complete a BEA in the near future. The property is considered an “eligible property” as defined by Act 381 due to the known soil contamination. • The plan includes a total eligible activity costs of $530,700 which includes department specific activities- $50,700, due care activities- $400,000, contingency (15%)- $60,000, brownfield plan amendment/ act 381 work plan preparation- $15,000, and brownfield plan amendment implementation- $5,000. • The total cost for the local only MSF Non-Environmental Eligible activities is $1,430,435 which includes a contingency of 15% and 2.5% interest. The total Developer EGLE and local only MSF eligible activities costs is $1,961,135. • Additional eligible fees include the local only City of Muskegon eligible activities with a total cost of $644,586. • The 2023 taxable value of the eligible property is $136,500. After completion of the development, the taxable value is estimated at $2,800,000. This Plan Amendment assumes a 1% annual increase in the taxable value of the eligible property. Initial capture is anticipated to begin in 2026 (after the sunset of the Smart Zone tax abatement for the property). • Capture of tax increment revenues for Developer reimbursement is anticipated to commence in 2026 and end in 2045, a total of 22 years. This Plan Amendment assumes approximately three years of additional capture of tax increment revenues (following Developer reimbursement) for deposit into a Local Brownfield Revolving Fund, if available. Staff recommendation: City staff has reviewed the Meadows at Harbor 31 Brownfield Plan Amendment and recommends approval. Suggested motion: I move to approve/disapprove the resolution for the Brownfield Plan Amendment for the Adelaide Pointe Project and further request staff to set a public hearing before the Muskegon City Commission to consider adoption of the plan. City of Muskegon Brownfield Redevelopment Authority County of Muskegon, State of Michigan RESOLUTION APPROVING BROWNFIELD PLAN AMENDMENT The Meadows at Harbor 31 (170 Viridian Drive) Minutes of a regular meeting of the Board of the City of Muskegon Brownfield Redevelopment Authority, County of Muskegon, State of Michigan, held on the 11th day of April 2023 at 10:30 a.m., prevailing Eastern Time. PRESENT: Members ____________________________________________________ ______________________________________________________________________________ ABSENT: Members ____________________________________________________ The following preamble and resolution were offered by Member ______________ and supported by Member ___________________: WHEREAS, a Brownfield Plan has been adopted pursuant to Act 381, Public Acts of Michigan, 1996, as amended (“Act 381”), a copy of which is on file with the Secretary of the City of Muskegon Brownfield Redevelopment Authority (the “Authority”); and WHEREAS, the Authority is authorized to approve amendments to the Brownfield Plan and recommends the Amendment to add eligible properties within the Meadows at Harbor 31 for approval to the City of Muskegon, County of Muskegon, State of Michigan (the “City”). NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS: 1. Approval of Brownfield Plan. The Board hereby adopts and approves the Brownfield Plan Amendment for the Meadows at Harbor 31 and recommends the approval of the Brownfield Plan Amendments by the Muskegon City Commission. 2. Public Hearing. The Board hereby requests city personnel to provide a notice of Public Hearing on the proposed Brownfield Plan Amendments, and further requests that such hearing notice be provided to all taxing jurisdictions. Notice of the time and place of the hearing shall be given pursuant to Act 267, Public Acts of Michigan, 1976, as amended (“Open Meetings Act”). 3. Deliver Resolution and Brownfield Plan to City. The Chair of the Authority is directed to deliver a certified copy of this resolution and the Brownfield Plan Amendments to the City Clerk. 4. Disclaimer. By adoption of this resolution and approval of the Brownfield Plan Amendments, the Authority assumes no obligation or liability to the owner, developer or lessor of the Eligible Property for any loss or damage that may result to such persons from the adoption of this resolution and Brownfield Plan Amendments. 5. Work Plan Transmittal. The Chair of the Authority shall be authorized to transmit to the Michigan Strategic Fund, the Michigan Economic Development Corporation and/or the Michigan Department of Environmental Quality, on behalf of the Authority, a final Act 381 Work Plan that has been reviewed and approved by the Authority. 6. Repealer. All resolutions and parts of resolution in conflict with the provisions of this resolution are hereby repealed or amended to the extent of such conflict. AYES: NAYS: RESOLUTION DECLARED ADOPTED. ____________________________ Martha Bottomley, Chair City of Muskegon Brownfield Redevelopment Authority -2- I hereby certify that the foregoing is a true and complete copy of a resolution adopted by the Board of the City of Muskegon Brownfield Redevelopment Authority, County of Muskegon, State of Michigan, at a regular meeting held on April 11, 2023, and that said meeting was conducted and public notice of said meeting was given pursuant to and in full compliance with the Open Meetings Act, being Act 267, Public Acts of Michigan, 1976, and that the minutes of said meeting were kept and will be or have been made available as required by said Act. _____________________________ Martha Bottomley, Chair City of Muskegon Brownfield Redevelopment Authority -3- City of Muskegon Brownfield Redevelopment Authority Brownfield Plan Amendment for the The Meadows at Harbor 31 170 Viridian Drive Muskegon, Michigan Approved by the City of Muskegon Brownfield Redevelopment Authority Approved by the City of Muskegon Board of Commissioners Prepared with the assistance of: Fishbeck 1515 Arboretum Drive SE Grand Rapids, Michigan 49546 616-464-3876 Table of Contents Fishbeck | Page i 1.0 Introduction ...................................................................................................................................................1 1.1 Proposed Redevelopment and Future Use for the Eligible Property ................................................1 1.2 Eligible Property Information ............................................................................................................1 2.0 Information Required by Section 13(2) of the Statute ...................................................................................2 2.1 Description of Costs to Be Paid for With Tax Increment Revenues ..................................................2 2.2 Summary of Eligible Activities ...........................................................................................................3 2.3 Estimate of Captured Taxable Value and Tax Increment Revenues ..................................................4 2.4 Method of Financing and Description of Advances Made by the Municipality ................................4 2.5 Maximum Amount of Note or Bonded Indebtedness .......................................................................4 2.6 Duration of Brownfield Plan..............................................................................................................4 2.7 Estimated Impact of Tax Increment Financing on Revenues of Taxing Jurisdiction ..........................5 2.8 Legal Description, Property Map, Statement of Qualifying Characteristics and Personal Property..5 2.9 Estimates of Residents and Displacement of Individuals/Families....................................................5 2.10 Plan for Relocation of Displaced Persons..........................................................................................5 2.11 Provisions for Relocation Costs .........................................................................................................5 2.12 Strategy for Compliance with Michigan’s Relocation Assistance Law...............................................5 2.13 Other Material that the Authority or Governing Body Considers Pertinent .....................................5 List of Figures Figure 1 – Location Map Figure 2 – Site Layout Map List of Tables Table 1 – Tax Increment Revenue Capture Table 2 – Tax Increment Revenue Reimbursement Allocation List of Attachments Attachment A Brownfield Plan Amendment Resolution(s) Attachment B Conceptual Renderings Attachment C Environmental Data Tables and Map Attachment D Reimbursement Agreement April 4, 2023 Fishbeck | Page 1 1.0 Introduction The City of Muskegon Brownfield Redevelopment Authority (the “Authority” or MBRA) was established by the City of Muskegon pursuant to the Brownfield Redevelopment Financing Act, Michigan Public Act 381 of 1996, as amended (“Act 381”). The primary purpose of Act 381 is to encourage the redevelopment of eligible property by providing economic development incentives through tax increment financing for certain eligible properties. This Brownfield Plan Amendment (“Plan Amendment”) serves as an amendment to the City of Muskegon’s existing Brownfield Plan, allowing the inclusion of the eligible property described in Sections 1.1 and 1.2 below. Incorporation of eligible property into the City’s Brownfield Plan permits the use of tax increment financing to reimburse The Meadows at Harbor 31, LLC (“Developer”) for the cost of eligible activities required to redevelop the eligible property. See Attachment A for copies of Plan Amendment resolutions. 1.1 Proposed Redevelopment and Future Use for the Eligible Property The Developer is proposing to redevelop a portion of the former Continental Motors industrial site located at 170 Viridian Drive, Muskegon, Michigan (the “Property”). Proposed redevelopment activities include the construction of 21 two-story multi-family duplex style residential homes with surrounding grass lawn areas, sidewalks and roadways (the “Project”). The Project will create a walkable community that provides access to Muskegon Lake, greenspace areas, and downtown Muskegon. Sustainable development concepts are proposed throughout the Project including green building techniques and low-impact development stormwater management. Total private investment, not including property acquisition, is approximately $7,000,000. Project renderings are provided in Attachment B. The development is expected to start in Fall 2023 and continue through 2024. 1.2 Eligible Property Information The 2.51-acre Property is located in downtown Muskegon along the south shore of Muskegon Lake. The Property has been historically utilized for industrial purposes dating back to the 1800s. Based on historical environmental investigations conducted over the past 25 years, these past industrial uses have resulted in widespread contamination across the Property. Known contaminants in the soil with concentrations exceeding Michigan Department of Environment, Great Lakes, and Energy (EGLE) Part 201 Generic Residential Cleanup Criteria (GRCC) include benzo(a)pyrene, fluoranthene, naphthalene, phenanthrene, arsenic, cadmium, chromium (total), copper, lead, selenium, zinc, and nickel. The Developer is not a liable party and is in the process of completing and Phase I ESA and will be completing a Baseline Environmental Assessment (BEA) in accordance with Part 201 of the Natural Resources and Environmental Protect Act, 1995 PA 451, as amended (NREPA) associated with the anticipated purchase in Spring 2023. Given the known soil contamination, the Property is a “facility” pursuant to Part 201 of NREPA. As such, it is considered an “eligible property” as defined by the Michigan Redevelopment Financing Act, Act 381 of 1996. Maps depicting the location and layout of the Property are attached as Figures 1 and 2. Historic environmental data tables and associated sample location maps are provided in Attachment C. Z:\2023\230004\WORK\REPT\MEADOWS_BROWNFIELD PLAN AMENDMENT_2023_45_ FINAL.DOCX April 4, 2023 Fishbeck | Page 2 2.0 Information Required by Section 13(2) of the Statute 2.1 Description of Costs to Be Paid for With Tax Increment Revenues Act 381 provides pre-approval for certain activities that have been conducted at the Property. Additional activities require BRA approval for reimbursement from local, school operating, and state education taxes. Tax increment revenues will be used to reimburse the Developer for the following eligible activities. The tables below provide an eligible activity cost summary for the Project. Summary of Eligible Activity Costs EGLE Eligible Activities Estimated Cost Department Specific Activities Site Assessment and BEA Activities $5,000 Due Care Planning $30,000 Documentation of Due Care Compliance $12,000 Health and Safety Plan/Soil Management Plan $3,700 Due Care Volatilization to Indoor Air Exposure Pathway Mitigation $350,000 Due Care Assessment Sampling $50,000 EGLE Eligible Activities Sub-Total $450,700 Contingency (15%) $60,000 Brownfield Plan Amendment/Act 381 Work Plan Preparation $15,000 Brownfield Plan Amendment Implementation $5,000 EGLE ELIGIBLE ACTIVITIES TOTAL COST $530,700 Z:\2023\230004\WORK\REPT\MEADOWS_BROWNFIELD PLAN AMENDMENT_2023_45_ FINAL.DOCX April 4, 2023 Fishbeck | Page 3 Summary of Eligible Activity Costs Local Only MSF Non-Environmental Eligible Activities Estimated Cost Public Infrastructure Improvement (Sub-Total) $685,000 Water Main $170,000 Sanitary Sewer $115,000 Storm Sewer $200,000 Public Roads/Sidewalks $200,000 Site Preparation (Sub-Total) $280,000 Clearing and Grubbing $20,000 Geotechnical Engineering & Investigation $10,000 Grading and Land Balancing $150,000 Engineered Fill Import and Placement $100,000 Local only MSF Eligible Activities Sub-Total $965,000 Contingency (15%) $144,750 Interest (2.5%)* $320,685 LOCAL ONLY MSF ELIGIBLE ACTIVITIES TOTAL COST $1,430,435 *Interest is calculated yearly based on eligible activity costs accrued Total Developer EGLE and local only MSF eligible activities costs is $1,961,135. Additional Eligible Activities City of Muskegon BRA Administration Fee $110,000 City of Muskegon BRA Local Brownfield Revolving Fund $534,586 LOCAL ONLY CITY OF MUSKEGON ELIGIBLE ACTIVITIES TOTAL COST $644,586 2.2 Summary of Eligible Activities Eligible activities as defined by Act 381 and included in this Plan Amendment consist of the following: Pre-Approved Department Specific Activities: These activities are permitted to occur prior to Plan Amendment approval. Preparation of a Phase I ESA, BEA, and due care documents are necessary to protect the new Property owner/Developer from liability for environmental contamination. Additional due care assessment and/or planning activities are anticipated, including but not limited to the preparation of a soil management plan and health and safety plan. Pre-approved activities can be reimbursed from state school and local tax increment revenues. Due Care Activities: Due care activities will include additional investigative sampling and implementation of vapor intrusion mitigation systems, as applicable, to prevent unacceptable exposures to potential indoor air inhalation Z:\2023\230004\WORK\REPT\MEADOWS_BROWNFIELD PLAN AMENDMENT_2023_45_ FINAL.DOCX April 4, 2023 Fishbeck | Page 4 concerns. Due care costs will include environmental consultant oversight and management. It is anticipated that an EGLE Act 381 Work Plan will be pursued, and upon approval, these costs will be reimbursed with school and local tax increment revenues. Public Infrastructure Improvements: Infrastructure improvements include water, storm and sanitary sewer main upgrades, and the construction of new roads and sidewalks. Costs will include oversight, management, and professional fees associated with these activities. Site Preparation: Site preparation is expected to include clearing and grubbing, geotechnical engineering, grading, land-balancing, and engineered fill import and placement. Costs will include oversight, management, and professional fees associated with these activities. Contingency: A 15% is included for all eligible activities not already completed to accommodate unexpected conditions encountered during the project. Plan Amendment and Act 381 Work Plan (if necessary) Preparation: This Plan Amendment was required for authorization of reimbursement to the Developer from tax increment revenues under Public Act 381 of 1996, as amended. It is anticipated that an Act 381 Work Plan will be prepared in the future to allow for the capture of state taxes for reimbursement of due care activities. Interest: 2.5% interest is included for all accrued and unreimbursed eligible activity on a yearly basis. 2.3 Estimate of Captured Taxable Value and Tax Increment Revenues For the purposes of this Plan Amendment, the taxable value base year is 2023. The 2023 taxable value of the eligible property is $136,500. After completion of the development, the taxable value is estimated at $2,800,000. This Plan Amendment assumes a 1% annual increase in the taxable value of the eligible property. Initial capture is anticipated to begin in 2026 (after the sunset of the Smart Zone tax abatement for the property). The estimated captured taxable value for the redevelopment by year and in aggregate for each taxing jurisdiction is depicted in tabular form (Table 1: Tax Increment Revenue Capture). Actual taxable values and tax increment revenues may vary year to year based on economic and market conditions, tax incentives, building additions, and property improvements, among other factors. The Plan also includes a flat fee of $5,000 of the local tax increment for administrative and operating expenses of the City of Muskegon Brownfield Redevelopment Authority. A summary of the estimated reimbursement schedule by year and in aggregate is presented as Table 2: Tax Increment Revenue Reimbursement Allocation. 2.4 Method of Financing and Description of Advances Made by the Municipality The cost of the eligible activities included in this Plan Amendment will be paid for by the Developer. The Developer will seek reimbursement for eligible activity costs through the capture of available local and state (as applicable) tax increment revenues as permitted by Act 381. Refer to Attachment D for a copy of the Reimbursement Agreement. 2.5 Maximum Amount of Note or Bonded Indebtedness Bonds will not be issued for this Project. 2.6 Duration of Brownfield Plan Capture of tax increment revenues for Developer reimbursement is anticipated to commence in 2026 and end in 2045, a total of 22 years. This Plan Amendment assumes approximately three years of additional capture of tax Z:\2023\230004\WORK\REPT\MEADOWS_BROWNFIELD PLAN AMENDMENT_2023_45_ FINAL.DOCX April 4, 2023 Fishbeck | Page 5 increment revenues (following Developer reimbursement) for deposit into a Local Brownfield Revolving Fund, if available. 2.7 Estimated Impact of Tax Increment Financing on Revenues of Taxing Jurisdiction The estimated amount of tax increment revenues to be captured for this redevelopment from each taxing jurisdiction by year and in aggregate is presented in Tables 1 and 2. 2.8 Legal Description, Property Map, Statement of Qualifying Characteristics and Personal Property The Property subject to this plan consists of one parcel that is approximately 2.51 acres in size and is located at 170 Viridian Drive in the City of Muskegon, Michigan. The parcel ID for Property is 61-24-607-000-0004-00. A map showing eligible property dimensions is attached in Figure 2. The legal description is as follows: 170 Viridian Drive CITY OF MUSKEGON MUSKEGON LAKESHORE SMARTZONE UNIT D FIFTH AMEND TO MASTER DEED L/P 4292/128 SUBJ TO ELECTRIC ESMT REC L/P 3591/578 SUBJ TO ELECTRIC EASEMENT RECORD'D L/P 3630/646 SUBJ TO DRAIN & ACCESS ESMT REC L/P 4311/311 The Property is located in the City of Muskegon (the "City"), a qualified local governmental unit pursuant to Act 381. Contamination on the Property in soil above generic residential cleanup criteria indicates that the Property meets the definition of a “facility” as defined by Part 201 of the NREPA (1994 PA 451). As such, the Property is an “eligible property” under Act 381. Facility verification is included in Attachment C. This Brownfield Plan does intend to capture tax increment revenues associated with personal property tax, if available. 2.9 Estimates of Residents and Displacement of Individuals/Families No residents or families will be displaced because of the Project. 2.10 Plan for Relocation of Displaced Persons Not applicable. 2.11 Provisions for Relocation Costs Not applicable. 2.12 Strategy for Compliance with Michigan’s Relocation Assistance Law Not applicable. 2.13 Other Material that the Authority or Governing Body Considers Pertinent The Project will significantly improve the Muskegon Lake shoreline through the revitalization of Property once used for industrial purposes. The new multi-family units are part of a larger developer that will increase the City’s tax base, bring new permanent residences to the City of Muskegon, create new jobs, and increase the local workforce. Z:\2023\230004\WORK\REPT\MEADOWS_BROWNFIELD PLAN AMENDMENT_2023_45_ FINAL.DOCX Figure 1 Location Map Z:\2023\230004\WORK\REPT\MEADOWS_BROWNFIELD PLAN AMENDMENT_2023_43_ DRAFT.DOCX Muskegon West, Michigan 7.5 Minute Quadrangle Maps (Published 2019) N CONTOUR INTERVAL 10 FEET Site Boundaries Shown are Approximate Topographic Map Figure 1 Undeveloped Residential Property 170 & 180 Viridian Drive Muskegon, Muskegon County, Michigan 49440 SES Project No.: 2023‐0137 Figure 2 Site Layout Map Table 1 Tax Increment Revenue Capture Table 1 - Estimate of Total Incremental Taxes Available for Capture 1 of 3 Meadows at Harbor 31, Muskegon, Muskegon County, Michigan Estimated Taxable Value (TV) Increase Rate: 1.0% Plan Year 0 1 2 3 4 5 6 7 8 9 10 11 Calendar Year 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Base Taxable Value $ 136,500 $ 136,500 $ 136,500 $ 136,500 $ 136,500 $ 136,500 $ 136,500 $ 136,500 $ 136,500 $ 136,500 $ 136,500 $ 136,500 Estimated New TV $ - $ 1,400,000 $ 2,800,000 $ 2,828,000 $ 2,856,280 $ 2,884,843 $ 2,913,691 $ 2,942,828 $ 2,972,256 $ 3,001,979 $ 3,031,999 $ 3,062,319 1 Incremental Difference (New TV - Base TV) $ - $ 1,263,500 $ 2,663,500 $ 2,691,500 $ 2,719,780 $ 2,748,343 $ 2,777,191 $ 2,806,328 $ 2,835,756 $ 2,865,479 $ 2,895,499 $ 2,925,819 School Capture Millage Rate State Education Tax (SET) 6.00000 $ - $ 7,581 $ 15,981 $ 16,149 $ 16,319 $ 16,490 $ 16,663 $ 16,838 $ 17,015 $ 17,193 $ 17,373 $ 17,555 School Operating Tax 17.37540 $ - $ 21,954 $ 46,279 $ 46,766 $ 47,257 $ 47,754 $ 48,255 $ 48,761 $ 49,272 $ 49,789 $ 50,310 $ 50,837 School Total 23.3754 $ - $ 29,535 $ 62,260 $ 62,915 $ 63,576 $ 64,244 $ 64,918 $ 65,599 $ 66,287 $ 66,982 $ 67,683 $ 68,392 Local Capture Millage Rate County Museum 0.31690 $ - $ 400 $ 844 $ 853 $ 862 $ 871 $ 880 $ 889 $ 899 $ 908 $ 918 $ 927 County Veterans 0.07390 $ - $ 93 $ 197 $ 199 $ 201 $ 203 $ 205 $ 207 $ 210 $ 212 $ 214 $ 216 Senior Citzens Services 0.49210 $ - $ 622 $ 1,311 $ 1,324 $ 1,338 $ 1,352 $ 1,367 $ 1,381 $ 1,395 $ 1,410 $ 1,425 $ 1,440 Central Dispatch 0.29520 $ - $ 373 $ 786 $ 795 $ 803 $ 811 $ 820 $ 828 $ 837 $ 846 $ 855 $ 864 Community College 2.16930 $ - $ 2,741 $ 5,778 $ 5,839 $ 5,900 $ 5,962 $ 6,025 $ 6,088 $ 6,152 $ 6,216 $ 6,281 $ 6,347 M.A.I.S.D 4.67730 $ - $ 5,910 $ 12,458 $ 12,589 $ 12,721 $ 12,855 $ 12,990 $ 13,126 $ 13,264 $ 13,403 $ 13,543 $ 13,685 City Operating 9.86070 $ - $ 12,459 $ 26,264 $ 26,540 $ 26,819 $ 27,101 $ 27,385 $ 27,672 $ 27,963 $ 28,256 $ 28,552 $ 28,851 City Sanitation 2.93640 $ - $ 3,710 $ 7,821 $ 7,903 $ 7,986 $ 8,070 $ 8,155 $ 8,241 $ 8,327 $ 8,414 $ 8,502 $ 8,591 Hackley Library 2.35160 $ - $ 2,971 $ 6,263 $ 6,329 $ 6,396 $ 6,463 $ 6,531 $ 6,599 $ 6,669 $ 6,738 $ 6,809 $ 6,880 MPS Sinking 0.97120 $ - $ 1,227 $ 2,587 $ 2,614 $ 2,641 $ 2,669 $ 2,697 $ 2,726 $ 2,754 $ 2,783 $ 2,812 $ 2,842 County Operating 5.60970 $ - $ 7,088 $ 14,941 $ 15,099 $ 15,257 $ 15,417 $ 15,579 $ 15,743 $ 15,908 $ 16,074 $ 16,243 $ 16,413 Local Total 29.7543 $ - $ 37,595 $ 79,251 $ 80,084 $ 80,925 $ 81,775 $ 82,633 $ 83,500 $ 84,376 $ 85,260 $ 86,154 $ 87,056 Non-Capturable Millages Millage Rate Community College Debt 0.34000 $ - $ 430 $ 906 $ 915 $ 925 $ 934 $ 944 $ 954 $ 964 $ 974 $ 984 $ 995 Hackley Debt 0.49990 $ - $ 632 $ 1,331 $ 1,345 $ 1,360 $ 1,374 $ 1,388 $ 1,403 $ 1,418 $ 1,432 $ 1,447 $ 1,463 MPS Debt - 2020 0.75000 $ - $ 948 $ 1,998 $ 2,019 $ 2,040 $ 2,061 $ 2,083 $ 2,105 $ 2,127 $ 2,149 $ 2,172 $ 2,194 MPS Debt - 2021 7.25000 $ - $ 9,160 $ 19,310 $ 19,513 $ 19,718 $ 19,925 $ 20,135 $ 20,346 $ 20,559 $ 20,775 $ 20,992 $ 21,212 Total Non-Capturable Taxes 8.8399 $ - $ 11,169 $ 23,545 $ 23,793 $ 24,043 $ 24,295 $ 24,550 $ 24,808 $ 25,068 $ 25,331 $ 25,596 $ 25,864 1 Assumes 1% annual increase for inflation Total Tax Increment Revenue (TIR) Available for Capture $ - $ - $ - $ 142,999 $ 144,501 $ 146,019 $ 147,551 $ 149,099 $ 150,663 $ 152,242 $ 153,837 $ 155,448 Note- Tables Assumes Summer/Winter 2022 Millages For the purpose of Table 1 the new taxable value is estimated based on 40% of a total overal investment of $7,000,000 divided over the two years estimated for construction of the project Due to the Lakeshore Smart Zone Tax Abatement, no local or state capture is eligible for 2024 and 2025 Z:\2023\230004\WORK\Rept\TBL01 and TBL02_TIF_ Meadows at Harbor 31, rev 4423.xlsx Table 1 - Estimate of Total Incremental Taxes Available for Capture 2 of 3 Meadows at Harbor 31, Muskegon, Muskegon County, Michigan Estimated Taxable Value (TV) Increase Rate: Plan Year 12 13 14 15 16 17 18 19 20 21 22 23 24 Calendar Year 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 Base Taxable Value $ 136,500 $ 136,500 $ 136,500 $ 136,500 $ 136,500 $ 136,500 $ 136,500 $ 136,500 $ 136,500 $ 136,500 $ 136,500 $ 136,500 $ 136,500 Estimated New TV $ 3,092,942 $ 3,123,871 $ 3,155,110 $ 3,186,661 $ 3,218,528 $ 3,250,713 $ 3,283,220 $ 3,316,052 $ 3,349,213 $ 3,382,705 $ 3,416,532 $ 3,450,697 $ 3,485,204 Incremental Difference (New TV - Base TV)1 $ 2,956,442 $ 2,987,371 $ 3,018,610 $ 3,050,161 $ 3,082,028 $ 3,114,213 $ 3,146,720 $ 3,179,552 $ 3,212,713 $ 3,246,205 $ 3,280,032 $ 3,314,197 $ 3,348,704 School Capture Millage Rate State Education Tax (SET) 6.00000 $ 17,739 $ 17,924 $ 18,112 $ 18,301 $ 18,492 $ 18,685 $ 18,880 $ 19,077 $ 19,276 $ 19,477 $ 19,680 $ 19,885 $ 20,092 School Operating Tax 17.37540 $ 51,369 $ 51,907 $ 52,450 $ 52,998 $ 53,551 $ 54,111 $ 54,676 $ 55,246 $ 55,822 $ 56,404 $ 56,992 $ 57,586 $ 58,185 School Total 23.3754 $ 69,108 $ 69,831 $ 70,561 $ 71,299 $ 72,044 $ 72,796 $ 73,556 $ 74,323 $ 75,098 $ 75,881 $ 76,672 $ 77,471 $ 78,277 Local Capture Millage Rate County Museum 0.31690 $ 937 $ 947 $ 957 $ 967 $ 977 $ 987 $ 997 $ 1,008 $ 1,018 $ 1,029 $ 1,039 $ 1,050 $ 1,061 County Veterans 0.07390 $ 218 $ 221 $ 223 $ 225 $ 228 $ 230 $ 233 $ 235 $ 237 $ 240 $ 242 $ 245 $ 247 Senior Citzens Services 0.49210 $ 1,455 $ 1,470 $ 1,485 $ 1,501 $ 1,517 $ 1,533 $ 1,549 $ 1,565 $ 1,581 $ 1,597 $ 1,614 $ 1,631 $ 1,648 Central Dispatch 0.29520 $ 873 $ 882 $ 891 $ 900 $ 910 $ 919 $ 929 $ 939 $ 948 $ 958 $ 968 $ 978 $ 989 Community College 2.16930 $ 6,413 $ 6,481 $ 6,548 $ 6,617 $ 6,686 $ 6,756 $ 6,826 $ 6,897 $ 6,969 $ 7,042 $ 7,115 $ 7,189 $ 7,264 M.A.I.S.D 4.67730 $ 13,828 $ 13,973 $ 14,119 $ 14,267 $ 14,416 $ 14,566 $ 14,718 $ 14,872 $ 15,027 $ 15,183 $ 15,342 $ 15,501 $ 15,663 City Operating 9.86070 $ 29,153 $ 29,458 $ 29,766 $ 30,077 $ 30,391 $ 30,708 $ 31,029 $ 31,353 $ 31,680 $ 32,010 $ 32,343 $ 32,680 $ 33,021 City Sanitation 2.93640 $ 8,681 $ 8,772 $ 8,864 $ 8,956 $ 9,050 $ 9,145 $ 9,240 $ 9,336 $ 9,434 $ 9,532 $ 9,631 $ 9,732 $ 9,833 Hackley Library 2.35160 $ 6,952 $ 7,025 $ 7,099 $ 7,173 $ 7,248 $ 7,323 $ 7,400 $ 7,477 $ 7,555 $ 7,634 $ 7,713 $ 7,794 $ 7,875 MPS Sinking 0.97120 $ 2,871 $ 2,901 $ 2,932 $ 2,962 $ 2,993 $ 3,025 $ 3,056 $ 3,088 $ 3,120 $ 3,153 $ 3,186 $ 3,219 $ 3,252 County Operating 5.60970 $ 16,585 $ 16,758 $ 16,933 $ 17,110 $ 17,289 $ 17,470 $ 17,652 $ 17,836 $ 18,022 $ 18,210 $ 18,400 $ 18,592 $ 18,785 Local Total 29.7543 $ 87,967 $ 88,887 $ 89,817 $ 90,755 $ 91,704 $ 92,661 $ 93,628 $ 94,605 $ 95,592 $ 96,589 $ 97,595 $ 98,612 $ 99,638 Non-Capturable Millages Millage Rate Community College Debt 0.34000 $ 1,005 $ 1,016 $ 1,026 $ 1,037 $ 1,048 $ 1,059 $ 1,070 $ 1,081 $ 1,092 $ 1,104 $ 1,115 $ 1,127 $ 1,139 Hackley Debt 0.49990 $ 1,478 $ 1,493 $ 1,509 $ 1,525 $ 1,541 $ 1,557 $ 1,573 $ 1,589 $ 1,606 $ 1,623 $ 1,640 $ 1,657 $ 1,674 MPS Debt - 2020 0.75000 $ 2,217 $ 2,241 $ 2,264 $ 2,288 $ 2,312 $ 2,336 $ 2,360 $ 2,385 $ 2,410 $ 2,435 $ 2,460 $ 2,486 $ 2,512 MPS Debt - 2021 7.25000 $ 21,434 $ 21,658 $ 21,885 $ 22,114 $ 22,345 $ 22,578 $ 22,814 $ 23,052 $ 23,292 $ 23,535 $ 23,780 $ 24,028 $ 24,278 Total Non-Capturable Taxes 8.8399 $ 26,135 $ 26,408 $ 26,684 $ 26,963 $ 27,245 $ 27,529 $ 27,817 $ 28,107 $ 28,400 $ 28,696 $ 28,995 $ 29,297 $ 29,602 1 Assumes 1% annual increase for inflation Total Tax Increment Revenue (TIR) Available for Capture $ 157,075 $ 158,718 $ 160,378 $ 162,054 $ 163,747 $ 165,457 $ 167,184 $ 168,929 $ 170,690 $ 172,470 $ 174,267 $ 176,082 $ 177,916 Note- Tables Assumes Summer/Winter 2022 Millages For the purpose of Table 1 the new taxable value is estimated based on 40% of a total overal investment of $7,000,000 divided over the two years estimated for construction of the project Due to the Lakeshore Smart Zone Tax Abatement, no local or state capture is eligible for 2024 and 2025 Z:\2023\230004\WORK\Rept\TBL01 and TBL02_TIF_ Meadows at Harbor 31, rev 4423.xlsx Table 1 - Estimate of Total Incremental Taxes Available for Capture 3 of 3 Meadows at Harbor 31, Muskegon, Muskegon County, Michigan Estimated Taxable Value (TV) Increase Rate: Plan Year 25 26 TOTAL Calendar Year 2048 2049 Base Taxable Value $ 136,500 $ 136,500 $ - Estimated New TV $ 3,520,056 $ 3,555,257 $ - 1 Incremental Difference (New TV - Base TV) $ 3,383,556 $ 3,418,757 $ - School Capture Millage Rate State Education Tax (SET) 6.00000 $ 20,301 $ 20,513 $ 461,592 School Operating Tax 17.37540 $ 58,791 $ 59,402 $ 1,336,724 School Total 23.3754 $ 79,092 $ 79,915 $ 1,798,315 Local Capture Millage Rate County Museum 0.31690 $ 1,072 $ 1,083 $ 24,380 County Veterans 0.07390 $ 250 $ 253 $ 5,685 Senior Citzens Services 0.49210 $ 1,665 $ 1,682 $ 37,858 Central Dispatch 0.29520 $ 999 $ 1,009 $ 22,710 Community College 2.16930 $ 7,340 $ 7,416 $ 166,888 M.A.I.S.D 4.67730 $ 15,826 $ 15,991 $ 359,834 City Operating 9.86070 $ 33,364 $ 33,711 $ 758,603 City Sanitation 2.93640 $ 9,935 $ 10,039 $ 225,903 Hackley Library 2.35160 $ 7,957 $ 8,040 $ 180,913 MPS Sinking 0.97120 $ 3,286 $ 3,320 $ 74,716 County Operating 5.60970 $ 18,981 $ 19,178 $ 431,565 Local Total 29.7543 $ 100,675 $ 101,723 $ 2,289,057 Non-Capturable Millages Millage Rate Community College Debt 0.34000 $ 1,150 $ 1,162 $ 26,157 Hackley Debt 0.49990 $ 1,691 $ 1,709 $ 38,458 MPS Debt - 2020 0.75000 $ 2,538 $ 2,564 $ 57,699 MPS Debt - 2021 7.25000 $ 24,531 $ 24,786 $ 557,757 Total Non-Capturable Taxes 8.8399 $ 29,910 $ 30,221 $ 680,071 1 Assumes 1% annual increase for inflation Total Tax Increment Revenue (TIR) Available for Capture $ 179,767 $ 181,638 $ 3,878,732 Note- Tables Assumes Summer/Winter 2022 Millages For the purpose of Table 1 the new taxable value is estimated based on 40% of a total overal investment of $7,000,000 divided over the two years estimated for construction of the project Due to the Lakeshore Smart Zone Tax Abatement, no local or state capture is eligible for 2024 and 2025 Z:\2023\230004\WORK\Rept\TBL01 and TBL02_TIF_ Meadows at Harbor 31, rev 4423.xlsx Table 2 Tax Increment Revenue Reimbursement Allocation Table 2 - Estimate of Total Incremental Taxes Available for Reimbursement 1 of 2 Meadows at Harbor 31, Muskegon, Muskegon County, Michigan Developer Maximum School & Reimbursement Local Taxes State $ 337,802 Local 1,623,333 Estimated Years of Capture: 24 years (including 3 years of LBRF capture) TOTAL $ 1,961,135 EGLE $ 337,802 MSF N/A Year of Plan 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 Total State Incremental Revenue $ - $ 29,535 $ 62,260 $ 62,915 $ 63,576 $ 64,244 $ 64,918 $ 65,599 $ 66,287 $ 66,982 $ 67,683 $ 68,392 $ 69,108 $ 69,831 $ - State Brownfield Redevelopment Fund (50% of SET) $ - $ - $ - $ 8,075 $ 8,159 $ 8,245 $ 8,332 $ 8,419 $ 8,507 $ 8,596 $ 8,686 $ 8,777 $ 8,869 $ 8,962 $ - Lakeshore SmartZone Tax Abatement $ - $ 29,535 $ 62,260 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - State TIR Available for Reimbursement $ - $ - $ - $ 54,840 $ 55,417 $ 55,999 $ 56,586 $ 57,180 $ 57,780 $ 58,385 $ 58,997 $ 59,615 $ 60,239 $ 60,869 $ - Total Local Incremental Revenue $ - $ 37,595 $ 79,251 $ 80,084 $ 80,925 $ 81,775 $ 82,633 $ 83,500 $ 84,376 $ 85,260 $ 86,154 $ 87,056 $ 87,967 $ 88,887 $ 89,817 BRA Administrative Fee $ - $ - $ - $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 Lakeshore SmartZoneTax Abatement $ - $ 37,595 $ 79,251 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Local TIR Available for Reimbursement $ - $ - $ - $ 75,084 $ 75,925 $ 76,775 $ 77,633 $ 78,500 $ 79,376 $ 80,260 $ 81,154 $ 82,056 $ 82,967 $ 83,887 $ 84,817 Total State & Local TIR Available $ - $ - $ - $ 129,924 $ 131,342 $ 132,774 $ 134,220 $ 135,680 $ 137,156 $ 138,646 $ 140,150 $ 141,670 $ 143,206 $ 144,756 $ 84,817 Beginning DEVELOPER Balance Developer Reimbursement Balance $ - $ - $ 1,640,450 $ 1,640,450 $ 1,640,450 $ 1,537,331 $ 1,432,515 $ 1,325,971 $ 1,217,666 $ 1,107,567 $ 994,672 $ 937,273 $ 877,522 $ 815,352 $ 750,695 $ 683,478 Environmental Eligible Costs $ 530,700 $ - $ 530,700 $ 530,700 $ 530,700 $ 438,318 $ 344,939 $ 250,552 $ 155,149 $ 58,719 $ - $ - $ - $ - $ - $ - State Tax Reimbursement $ 337,802 $ - $ - $ - $ 54,840 $ 55,417 $ 55,999 $ 56,586 $ 57,180 $ 57,780 $ - $ - $ - $ - $ - $ - Local Tax Reimbursement $ 192,898 $ - $ - $ - $ 37,542 $ 37,963 $ 38,388 $ 38,817 $ 39,250 $ 940 $ - $ - $ - $ - $ - $ - Total Environmental Reimbursement Balance $ - $ 530,700 $ 530,700 $ 438,318 $ 344,939 $ 250,552 $ 155,149 $ 58,719 $ - $ - $ - $ - $ - $ - $ - Local Only Eligible Costs $ 1,464,805 $ - $ 1,109,750 $ 1,109,750 $ 1,109,750 $ 1,099,013 $ 1,087,577 $ 1,075,418 $ 1,062,516 $ 1,048,848 $ 994,672 $ 937,273 $ 877,522 $ 815,352 $ 750,695 $ 683,478 Local Tax Reimbursement $ 1,430,435 $ - $ - $ - $ 37,542 $ 37,963 $ 38,388 $ 38,817 $ 39,250 $ 78,436 $ 80,260 $ 81,154 $ 82,056 $ 82,967 $ 83,887 $ 84,817 Interest (2.5%) $ 320,685 $ - $ - $ - $ 26,805 $ 26,526 $ 26,230 $ 25,915 $ 25,582 $ 24,260 $ 22,860 $ 21,403 $ 19,887 $ 18,310 $ 16,670 $ 14,967 Total Non Environmental Reimbursement Balance $ 1,109,750 $ 1,109,750 $ 1,099,013 $ 1,087,577 $ 1,075,418 $ 1,062,516 $ 1,048,848 $ 994,672 $ 937,273 $ 877,522 $ 815,352 $ 750,695 $ 683,478 $ 613,628 Total Annual Developer Reimbursement $ 1,961,135 $ - $ - $ - $ 129,924 $ 131,342 $ 132,774 $ 134,220 $ 135,680 $ 137,155 $ 80,260 $ 81,154 $ 82,056 $ 82,967 $ 83,887 $ 84,817 LOCAL BROWNFIELD REVOLVING FUND LBRF Deposits * State Tax Capture $ 298,105 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 58,385 $ 58,997 $ 59,615 $ 60,239 $ 60,869 $ - Local Tax Capture $ 236,481 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Total LBRF Capture $ 534,586 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - * Up to five years of capture for LBRF Deposits after eligible activities are reimbursed. May be taken from Local TIR only. Z:\2023\230004\WORK\Rept\TBL01 and TBL02_TIF_ Meadows at Harbor 31, rev 4423.xlsx Table 2 - Estimate of Total Incremental Taxes Available for Reimbursement 2 of 2 Meadows at Harbor 31, Muskegon, Muskegon County, Michigan Estimated Developer Capture $ 2,281,820 BRA Administrative Fee $ 110,000 State Brownfield Redevelopment Fund $ 93,629 Local Brownfield Revolving Fund $ 534,586 15 16 17 18 19 20 21 22 23 24 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 TOTAL Total State Incremental Revenue $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 821,330 State Brownfield Redevelopment Fund (50% of SET) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 93,629 Lakeshore SmartZone Tax Abatement $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 91,795 State TIR Available for Reimbursement $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 635,906 Total Local Incremental Revenue $ 90,755 $ 91,704 $ 92,661 $ 93,628 $ 94,605 $ 95,592 $ 96,589 $ 97,595 $ 98,612 $ 99,638 $ 2,086,659 BRA Administrative Fee $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 110,000 Lakeshore SmartZoneTax Abatement $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 116,845 Local TIR Available for Reimbursement $ 85,755 $ 86,704 $ 87,661 $ 88,628 $ 89,605 $ 90,592 $ 91,589 $ 92,595 $ 93,612 $ 94,638 $ 1,859,813 Total State & Local TIR Available $ 85,755 $ 86,704 $ 87,661 $ 88,628 $ 89,605 $ 90,592 $ 91,589 $ 92,595 $ 93,612 $ 94,638 $ 2,495,720 DEVELOPER Developer Reimbursement Balance $ 613,628 $ 541,069 $ 465,725 $ 387,515 $ 306,359 $ 222,173 $ 134,871 $ 44,364 Environmental Eligible Costs $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - State Tax Reimbursement $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 337,802 Local Tax Reimbursement $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 192,898 Total Environmental Reimbursement Balance $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Local Only Eligible Costs $ 613,628 $ 541,069 $ 465,725 $ 387,515 $ 306,359 $ 222,173 $ 134,871 $ 44,364 $ - $ - $ - Local Tax Reimbursement $ 85,755 $ 86,704 $ 87,661 $ 88,628 $ 89,605 $ 90,592 $ 91,589 $ 44,364 $ - $ - $ 1,430,435 Interest (2.5%) $ 13,197 $ 11,359 $ 9,452 $ 7,472 $ 5,419 $ 3,290 $ 1,082 $ - $ - $ - $ 320,685 Total Non Environmental Reimbursement Balance$ 541,069 $ 465,725 $ 387,515 $ 306,359 $ 222,173 $ 134,871 $ 44,364 $ - $ - $ - $ - Total Annual Developer Reimbursement $ 85,755 $ 86,704 $ 87,661 $ 88,628 $ 89,605 $ 90,592 $ 91,589 $ 44,364 $ - $ - $ 1,961,135 LOCAL BROWNFIELD REVOLVING FUND LBRF Deposits * State Tax Capture $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 298,105 Local Tax Capture $ - $ - $ - $ - $ - $ - $ - $ 48,231 $ 93,612 $ 94,638 $ 236,481 Total LBRF Capture $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 534,586 * Up to five years of capture for LBRF Deposits after eligible activities are reimbursed. May be taken from Local TIR only. Z:\2023\230004\WORK\Rept\TBL01 and TBL02_TIF_ Meadows at Harbor 31, rev 4423.xlsx Attachment A Resolutions Approving the Brownfield Plan Amendment Attachment B Conceptual Renderings WTR WTR WTR WTR WTR WTR WTR TR W M ST TR W M ST WTR M ST WTR M ST WTR WTR N SA WTR M ST SA WTR N N SA M ST WTR SA N WTR WTR SA N M ST WTR R SA WT N WTR WTR N SA SA N M WTR ST WTR WTR TR W N SA SA N WTR SA N SA TR SAN N W SAN M ST WTR SA W SA N TR N WTR WTR SA N WTR W TR WTR STM WTR WTR SA N STM WTR STM SAN W STM TR SAN STM SAN STM R WT WTR SAN WTR SAN PATH BIKE THE MEADOWS 12.21.2022 HARBOR 31 MUSKEGON, MICHIGAN SEE SHEET A100 FOR DOOR AND WINDOW SCHEDULES 3 2 2325 Belmont Center Dr, Suite B A300 A300 Belmont, Michigan 49306 ph: 616.458.5554 T.O. WALL 131'-10 +/- 12 ASPHALT SHINGLE 10 OVER BUILDERS FELT OVER OSB WITH PLY CLIPS OVER ROOF TRUSSES @ 24" O.C. 12 12 10 10 3/4 X 10 CEMENT BOARD TRIM CERTAINTEED VINYL SIDING - 4" EXPOSURE 3/4 X 6 CEMENT BOARD TRIM, TYP. A A STANDING SEAM METAL ROOF OVER 12 OSB OVER ROOF 6 B E E B B E E B TRUSSES @ 24" O.C. T.O. SUBFLOOR COPYRIGHT 2020-ALL RIGHTS RESERVED. THIS DRAWING REMAINS THE PROPERTY OF HENRICKSON ARCHITECTURE AND PLANNING AND IS FOR USE ONLY AS AUTHORIZED BY HENRICKSON ARCHITECTURE AND PLANNING 12 110'-5 7/8" 12 6 6 8x8 WOOD COLUMNS & BEAM RESIDENTIAL WINDOWS & DOOR PRE-CAST A 9'-0" CONC. SILL 9'-0" CULTURED STONE DRY 4" STACK OR SIMILAR 3'-2" B B FINISH FLOOR D1 D7 D1 D7 100'-0" 3 3/4 X 8 CEMENT 2 BASE BOARD A300 A300 TRIM, TYP THE MEADOWS 2 LEFT ELEVATION 1 FRONT ELEVATION A100 1/4"=1'-0" A100 1/4"=1'-0" 2 3 HARBOR 31, MUSKEGON A300 A300 T.O. WALL 131'-10 +/- ASPHALT SHINGLE 12 OVER BUILDERS FELT 10 OVER OSB WITH PLY CLIPS OVER ROOF TRUSSES @ 24" O.C. 12 12 3/4 X 10 CEMENT 10 10 BOARD TRIM CERTAINTEED VINYL SIDING - 4" EXPOSURE 3/4 X 6 CEMENT BOARD TRIM, TYP. STANDING SEAM D D METAL ROOF OVER OSB OVER ROOF CONST. 10.10.22 TRUSSES @ 24" O.C. B C B B C B T.O. SUBFLOOR 110'-5 7/8" 12 6 RESIDENTIAL WINDOWS & DOOR T.O. WALL 8'-0" 3/4 X 8 CEMENT 7'-0" BASE BOARD TRIM, TYP D3 D3 C C C C C C FINISH FLOOR DRAWN BY: IOC 100'-0" CHECKED: DSH EXTERIOR 2 3 ELEVATIONS A300 A300 PROJECT No. 220705 3 BACK ELEVATION 4 RIGHT ELEVATION A100 1/4"=1'-0" A100 1/4"=1'-0" A200 VIEW 2 VIEW 1 VIEW 3 VIEW 4 CERTAINTEED CERTAINTEED THE MEADOWS COLONIAL WHITE CHARCOAL GRAY HARBOR 31, MUSKEGON Attachment C Environmental Data Tables and Map TABLE 1 (Page 1 of 2) DRAFT DRAFT DRAFT CLEANUP CRITERIA COMPARISON FOR SOILS DUE CARE PLANNING VOCs, PNAs, and METALS UNIT D ‐ HARBOR 31 MEADOWS EXISTING LOTS D/E Dibenzo(a,h)anthracene Indeno(1,2,3‐cd)pyrene Benzo(b)fluoranthene Benzo(k)fluoranthene 2‐Methylnaphthalene Benzo(g,h,i)perylene Benzo(a)anthracene Volatile Organic Compounds (VOCs), Polynuclear Aromatic Hydrocarbons (PNAs), and Metals Benzo(a)pyrene Acenaphthene Phenanthrene Fluoranthene Ethylbenzene Naphthalene Other VOCs Other PNAs Anthracene (µg/Kg) Chrysene Fluorene Benzene Toluene Xylenes Pyrene Chemical Abstract Service Number (CAS#) 71432 100414 108883 1330207 Various 83329 120127 56553 50328 205992 191242 207089 218019 53703 206440 86737 193395 91576 91203 85018 129000 Various Unit D ‐ Harbor 31 Meadows (Existing Lots D/E) (RESIDENTIAL) Unit D ‐ Harbor 31 Meadows (Existing Lots D/E) (RESIDENTIAL) Unit D ‐ Harbor 31 Meadows (Existing Lots D/E) (RESIDENTIAL) Sample ID Sample Date Sample Depth (bgs) VOCs PNAs Approx. Grid H20‐K23 H‐20 1995 1‐1.5' < 10 < 10 < 10 < 30 NA H‐21 1994 1‐3' H‐21 1995 2‐4' < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 ‐ < 330 < 330 < 330 < 330 H‐22 1994 1‐3' < 10 < 10 < 10 < 30 NA < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 ‐ < 330 < 330 < 330 < 330 I‐20 1995 1.5‐3' < 10 < 10 < 10 < 30 NA < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 ‐ < 330 < 330 5,400 < 330 I‐20 1995 2.0' I‐22 1995 0.75‐1.75' < 10 < 10 < 10 < 30 NA < 330 < 330 < 330 < 330 < 330 < 330 < 330 360 < 330 1,100 620 < 330 ‐ < 330 < 330 990 < 330 I‐22 1995 2.0' < 10 < 10 < 10 < 30 NA J‐20 1995 2.5' < 10 < 10 < 10 < 30 NA ND 680 3,200 2,500 1,800 1,100 910 3,000 ND 4,100 620 430 ‐ 3,300 1,600 12,000 J‐22 1994 1‐3' < 10 < 10 < 10 < 30 NA 1,100 1,300 1,800 750 1,000 ND 430 1,600 ND 6,200 1,100 ND ‐ 410 4,800 6,100 ND K‐21 (Viridian ROW) 1994 1.75‐2.25' < 10 < 10 < 10 < 30 NA 1,100 3,200 8,400 7,300 7,600 4,300 3,200 8,300 1,200 17,000 1,000 3,800 ‐ 700 14,000 17,000 ND K‐23 (Viridian ROW) 1994 1‐3' < 10 < 10 47 59 NA ND ND ND ND ND ND ND ND ND ND ND ND ‐ < 900 ND 2,100 ND EGLE Residential Vapor Intrusion Screening Levels (VIAP 2020) EGLE Residential Vapor Intrusion Screening Levels (VIAP 2020) EGLE Residential Vapor Intrusion Screening Levels (VIAP 2020) 1.7 12 3,700 280 ‐ 2.00E+05 1.30E+07 1.60E+05 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 4.70E+05 ‐ 1,700 67 1,700 2.50E+07 ‐ EGLE Part 201 Cleanup Criteria, December 30, 2013; Revised EGLE Part 201 Cleanup Criteria, December 30, 2013; Revised June 25, 2018. June 25, 2018. Residential (µg/Kg) Residential (µg/Kg) Statewide Default Background Levels NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA Drinking Water Protection (DWP) 100 1,500 16,000 5,600 Various 3.00E+05 41,000 NLL NLL NLL NLL NLL NLL NLL 7.30E+05 3.90E+05 NLL 57,000 35,000 56,000 4.80E+05 Various Groundwater Surface Water Interface Protection (GSIP) 4,000 (X) 360 5,400 980 Various 8,700 ID NLL NLL NLL NLL NLL NLL NLL 5,500 5,300 NLL 4,200 730 2,100 ID Various Soil Volatilization to Indoor Air Inhalation (SVII) 1,600 87,000 3.3E+05 6.30E+06 Various 1.90E+08 1.0E+9 (D) NLV NLV ID NLV NLV ID NLV 1.0E+9 (D) 5.80E+08 NLV 2.70E+06 2.50E+05 2.80E+06 1.0E+9 (D) Various Ambient Air Infinite Source Volatile Soil Inhalation (VSI) 13,000 7.20E+05 2.80E+06 4.60E+07 Various 8.10E+07 1.40E+09 NLV NLV ID NLV NLV ID NLV 7.40E+08 1.30E+08 NLV 1.50E+06 3.00E+05 1.60E+05 6.50E+08 Various Ambient Air Particulate Soil Inhalation (PSI) 3.80E+08 1.00E+10 2.70E+10 2.90E+11 Various 1.40E+10 6.70E+10 ID 1.50E+06 ID 8.00E+08 ID ID ID 9.30E+09 9.30E+09 ID 6.70E+08 2.00E+08 6.70E+06 6.70E+09 Various Direct Contact (DC) 1.80E+05 2.2E+7 (C) 5.0E+07 4.10E+08 Various 4.10E+07 2.30E+08 20,000 2,000 20,000 2.50E+06 2.00E+05 2.00E+06 2,000 4.60E+07 2.70E+07 20,000 8.10E+06 1.60E+07 1.60E+06 2.90E+07 Various Soil Saturation Concentration Screening Levels (Csat) 4.00E+05 1.40E+05 250,000 150,000 Various NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA Various ND Not Detected above laboratory Method Detection Limit (MDL) or Minimum Quantitative Level (MQL) NA / ‐ Not analyzed or Not Available NLV / NLL Not Likely to Volatilize / Not Likely to Leach bgs Below Grade Surface (feet) Identified Part 201 Cleanup Criteria exceeded Exceeds EGLE VIAP Screening Levels TABLE 1 (Page 2 of 2) DRAFT DRAFT DRAFT CLEANUP CRITERIA COMPARISON FOR SOILS DUE CARE PLANNING VOCs, PNAs, and METALS UNIT D ‐ HARBOR 31 MEADOWS EXISTING LOTS D/E Volatile Organic Compounds (VOCs), Polynuclear Aromatic Hydrocarbons (PNAs), and Metals Chromium Antimony Cadmium Beryllium (µg/Kg) Selenium Mercury Arsenic Copper Nickel Silver PCBs Lead Zinc Chemical Abstract Service Number (CAS#) 7440382 7440439 16065831 7440508 7439921 7439976 7782492 7440224 7440666 7440417 7440360 7440020 1336363 Unit D ‐ Harbor 31 Meadows (Existing Lots D/E) (RESIDENTIAL) Unit D ‐ Harbor 31 Meadows (Existing Lots D/E) (RESIDENTIAL) Sample ID Sample Date Sample Depth (bgs) Metals PCBs Approx. Grid H20‐K23 H‐20 1995 1‐1.5' H‐21 1994 1‐3' < 100 H‐21 1995 2‐4' 710 ND 1,200 ND 960 < 100 ND ‐ 7,300 ND ND 2,600 H‐22 1994 1‐3' 510 54 7,500 3,700 1,300 < 100 ND ‐ 8,800 ND ND 17,000 I‐20 1995 1.5‐3' I‐20 1995 2.0' < 100 I‐22 1995 0.75‐1.75' ND I‐22 1995 2.0' 560 ND 2,000 ND 940 < 100 ND ‐ 7,100 ND ND 10,000 J‐20 1995 2.5' 3,900 8,900 8,600 27,000 19,000 < 100 680 ND 170,000 ND ND 14,000 ND J‐22 1994 1‐3' 13,000 590 17,000 1,700,000 390,000 < 100 1,900 ‐ 360,000 ND 3,900 55,000 K‐21 (Viridian ROW) 1994 1.75‐2.25' 5,400 370 8,400 56,000 31,000 < 100 620 ND 67,000 ND ND 530,000 ND K‐23 (Viridian ROW) 1994 1‐3' 2,100 ND 2,200 37,000 8,400 < 100 ND ‐ 16,000 ND ND 4,600 EGLE Residential Vapor Intrusion Screening Levels (VIAP 2020) EGLE Residential Vapor Intrusion Screening Levels (VIAP 2020) ‐ ‐ ‐ ‐ ‐ 22 (M) ‐ ‐ ‐ ‐ ‐ ‐ EGLE Part 201 Cleanup Criteria, December 30, 2013; Revised June 25, 2018. Residential (µg/Kg) Statewide Default Background Levels 5,800 1,200 18,000 (total) 32,000 21,000 130 410 1,000 47,000 NA NA 20,000 NA Drinking Water Protection (DWP) 4,600 6,000 30,000 5.80E+06 7.00E+05 1,700 4,000 4,500 2,400,000 5.10E+04 4,300 51,000 NLL Groundwater Surface Water Interface Protection (GSIP) 4,600 3,600 (G) 3,300 75,000 (G) 5.1E6 (G,X) 50 (M); 1.2 400 100 (M); 27 170,000 (G) 85,000 (G) 94,000 (X) 76,000 (G) NLL Soil Volatilization to Indoor Air Inhalation (SVII) NLV NLV NLV NLV NLV 48,000 NLV NLV NLV NLV NLV NLV 3.00E+6 Ambient Air Infinite Source Volatile Soil Inhalation (VSI) NLV NLV NLV NLV NLV 52,000 NLV NLV NLV 2.40E+5 Ambient Air Particulate Soil Inhalation (PSI) 7.20E+05 1.70E+06 2.60E+05 1.30E+08 1.00E+08 2.00E+07 1.30E+08 6.70E+06 ID 5.20E+6 Direct Contact (DC) 7,600 5.50E+05 2.50E+06 2.00E+07 4.00E+05 1.60E+05 2.60E+06 2.50E+06 170,000,000 4.10E+05 1.80E+05 4.00E+07 4,000 Soil Saturation Concentration Screening Levels (Csat) NA NA NA NA NA NA NA NA NA NA NA NA NA ND Not Detected above laboratory Method Detection Limit (MDL) or Minimum Quantitative Level (MQL) NA / ‐ Not analyzed or Not Available NLV / NLL Not Likely to Volatilize / Not Likely to Leach bgs Below Grade Surface (feet) Identified Part 201 Cleanup Criteria exceeded Exceeds EGLE VIAP Screening Levels TABLE 1 (Page 1 of 2) DRAFT DRAFT DRAFT CLEANUP CRITERIA COMPARISON FOR SOILS DUE CARE PLANNING VOCs, PNAs, and METALS UNIT D ‐ HARBOR 31 MEADOWS EXISTING LOTS D/E Dibenzo(a,h)anthracene Indeno(1,2,3‐cd)pyrene Benzo(b)fluoranthene Benzo(k)fluoranthene 2‐Methylnaphthalene Benzo(g,h,i)perylene Benzo(a)anthracene Volatile Organic Compounds (VOCs), Polynuclear Aromatic Hydrocarbons (PNAs), and Metals Benzo(a)pyrene Acenaphthene Phenanthrene Fluoranthene Ethylbenzene Naphthalene Other VOCs Other PNAs Anthracene (µg/Kg) Chrysene Fluorene Benzene Toluene Xylenes Pyrene Chemical Abstract Service Number (CAS#) 71432 100414 108883 1330207 Various 83329 120127 56553 50328 205992 191242 207089 218019 53703 206440 86737 193395 91576 91203 85018 129000 Various Unit D ‐ Harbor 31 Meadows (Existing Lots D/E) (RESIDENTIAL) Unit D ‐ Harbor 31 Meadows (Existing Lots D/E) (RESIDENTIAL) Unit D ‐ Harbor 31 Meadows (Existing Lots D/E) (RESIDENTIAL) Sample ID Sample Date Sample Depth (bgs) VOCs PNAs Approx. Grid H20‐K23 H‐20 1995 1‐1.5' < 10 < 10 < 10 < 30 NA H‐21 1994 1‐3' H‐21 1995 2‐4' < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 ‐ < 330 < 330 < 330 < 330 H‐22 1994 1‐3' < 10 < 10 < 10 < 30 NA < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 ‐ < 330 < 330 < 330 < 330 I‐20 1995 1.5‐3' < 10 < 10 < 10 < 30 NA < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 < 330 ‐ < 330 < 330 5,400 < 330 I‐20 1995 2.0' I‐22 1995 0.75‐1.75' < 10 < 10 < 10 < 30 NA < 330 < 330 < 330 < 330 < 330 < 330 < 330 360 < 330 1,100 620 < 330 ‐ < 330 < 330 990 < 330 I‐22 1995 2.0' < 10 < 10 < 10 < 30 NA J‐20 1995 2.5' < 10 < 10 < 10 < 30 NA ND 680 3,200 2,500 1,800 1,100 910 3,000 ND 4,100 620 430 ‐ 3,300 1,600 12,000 J‐22 1994 1‐3' < 10 < 10 < 10 < 30 NA 1,100 1,300 1,800 750 1,000 ND 430 1,600 ND 6,200 1,100 ND ‐ 410 4,800 6,100 ND K‐21 (Viridian ROW) 1994 1.75‐2.25' < 10 < 10 < 10 < 30 NA 1,100 3,200 8,400 7,300 7,600 4,300 3,200 8,300 1,200 17,000 1,000 3,800 ‐ 700 14,000 17,000 ND K‐23 (Viridian ROW) 1994 1‐3' < 10 < 10 47 59 NA ND ND ND ND ND ND ND ND ND ND ND ND ‐ < 900 ND 2,100 ND EGLE Residential Vapor Intrusion Screening Levels (VIAP 2020) EGLE Residential Vapor Intrusion Screening Levels (VIAP 2020) EGLE Residential Vapor Intrusion Screening Levels (VIAP 2020) 1.7 12 3,700 280 ‐ 2.00E+05 1.30E+07 1.60E+05 ‐ ‐ ‐ ‐ ‐ ‐ ‐ 4.70E+05 ‐ 1,700 67 1,700 2.50E+07 ‐ EGLE Part 201 Cleanup Criteria, December 30, 2013; Revised EGLE Part 201 Cleanup Criteria, December 30, 2013; Revised June 25, 2018. June 25, 2018. Residential (µg/Kg) Residential (µg/Kg) Statewide Default Background Levels NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA Drinking Water Protection (DWP) 100 1,500 16,000 5,600 Various 3.00E+05 41,000 NLL NLL NLL NLL NLL NLL NLL 7.30E+05 3.90E+05 NLL 57,000 35,000 56,000 4.80E+05 Various Groundwater Surface Water Interface Protection (GSIP) 4,000 (X) 360 5,400 980 Various 8,700 ID NLL NLL NLL NLL NLL NLL NLL 5,500 5,300 NLL 4,200 730 2,100 ID Various Soil Volatilization to Indoor Air Inhalation (SVII) 1,600 87,000 3.3E+05 6.30E+06 Various 1.90E+08 1.0E+9 (D) NLV NLV ID NLV NLV ID NLV 1.0E+9 (D) 5.80E+08 NLV 2.70E+06 2.50E+05 2.80E+06 1.0E+9 (D) Various Ambient Air Infinite Source Volatile Soil Inhalation (VSI) 13,000 7.20E+05 2.80E+06 4.60E+07 Various 8.10E+07 1.40E+09 NLV NLV ID NLV NLV ID NLV 7.40E+08 1.30E+08 NLV 1.50E+06 3.00E+05 1.60E+05 6.50E+08 Various Ambient Air Particulate Soil Inhalation (PSI) 3.80E+08 1.00E+10 2.70E+10 2.90E+11 Various 1.40E+10 6.70E+10 ID 1.50E+06 ID 8.00E+08 ID ID ID 9.30E+09 9.30E+09 ID 6.70E+08 2.00E+08 6.70E+06 6.70E+09 Various Direct Contact (DC) 1.80E+05 2.2E+7 (C) 5.0E+07 4.10E+08 Various 4.10E+07 2.30E+08 20,000 2,000 20,000 2.50E+06 2.00E+05 2.00E+06 2,000 4.60E+07 2.70E+07 20,000 8.10E+06 1.60E+07 1.60E+06 2.90E+07 Various Soil Saturation Concentration Screening Levels (Csat) 4.00E+05 1.40E+05 250,000 150,000 Various NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA Various ND Not Detected above laboratory Method Detection Limit (MDL) or Minimum Quantitative Level (MQL) NA / ‐ Not analyzed or Not Available NLV / NLL Not Likely to Volatilize / Not Likely to Leach bgs Below Grade Surface (feet) Identified Part 201 Cleanup Criteria exceeded Exceeds EGLE VIAP Screening Levels TABLE 1 (Page 2 of 2) DRAFT DRAFT DRAFT CLEANUP CRITERIA COMPARISON FOR SOILS DUE CARE PLANNING VOCs, PNAs, and METALS UNIT D ‐ HARBOR 31 MEADOWS EXISTING LOTS D/E Volatile Organic Compounds (VOCs), Polynuclear Aromatic Hydrocarbons (PNAs), and Metals Chromium Antimony Cadmium Beryllium (µg/Kg) Selenium Mercury Arsenic Copper Nickel Silver PCBs Lead Zinc Chemical Abstract Service Number (CAS#) 7440382 7440439 16065831 7440508 7439921 7439976 7782492 7440224 7440666 7440417 7440360 7440020 1336363 Unit D ‐ Harbor 31 Meadows (Existing Lots D/E) (RESIDENTIAL) Unit D ‐ Harbor 31 Meadows (Existing Lots D/E) (RESIDENTIAL) Sample ID Sample Date Sample Depth (bgs) Metals PCBs Approx. Grid H20‐K23 H‐20 1995 1‐1.5' H‐21 1994 1‐3' < 100 H‐21 1995 2‐4' 710 ND 1,200 ND 960 < 100 ND ‐ 7,300 ND ND 2,600 H‐22 1994 1‐3' 510 54 7,500 3,700 1,300 < 100 ND ‐ 8,800 ND ND 17,000 I‐20 1995 1.5‐3' I‐20 1995 2.0' < 100 I‐22 1995 0.75‐1.75' ND I‐22 1995 2.0' 560 ND 2,000 ND 940 < 100 ND ‐ 7,100 ND ND 10,000 J‐20 1995 2.5' 3,900 8,900 8,600 27,000 19,000 < 100 680 ND 170,000 ND ND 14,000 ND J‐22 1994 1‐3' 13,000 590 17,000 1,700,000 390,000 < 100 1,900 ‐ 360,000 ND 3,900 55,000 K‐21 (Viridian ROW) 1994 1.75‐2.25' 5,400 370 8,400 56,000 31,000 < 100 620 ND 67,000 ND ND 530,000 ND K‐23 (Viridian ROW) 1994 1‐3' 2,100 ND 2,200 37,000 8,400 < 100 ND ‐ 16,000 ND ND 4,600 EGLE Residential Vapor Intrusion Screening Levels (VIAP 2020) EGLE Residential Vapor Intrusion Screening Levels (VIAP 2020) ‐ ‐ ‐ ‐ ‐ 22 (M) ‐ ‐ ‐ ‐ ‐ ‐ EGLE Part 201 Cleanup Criteria, December 30, 2013; Revised June 25, 2018. Residential (µg/Kg) Statewide Default Background Levels 5,800 1,200 18,000 (total) 32,000 21,000 130 410 1,000 47,000 NA NA 20,000 NA Drinking Water Protection (DWP) 4,600 6,000 30,000 5.80E+06 7.00E+05 1,700 4,000 4,500 2,400,000 5.10E+04 4,300 51,000 NLL Groundwater Surface Water Interface Protection (GSIP) 4,600 3,600 (G) 3,300 75,000 (G) 5.1E6 (G,X) 50 (M); 1.2 400 100 (M); 27 170,000 (G) 85,000 (G) 94,000 (X) 76,000 (G) NLL Soil Volatilization to Indoor Air Inhalation (SVII) NLV NLV NLV NLV NLV 48,000 NLV NLV NLV NLV NLV NLV 3.00E+6 Ambient Air Infinite Source Volatile Soil Inhalation (VSI) NLV NLV NLV NLV NLV 52,000 NLV NLV NLV 2.40E+5 Ambient Air Particulate Soil Inhalation (PSI) 7.20E+05 1.70E+06 2.60E+05 1.30E+08 1.00E+08 2.00E+07 1.30E+08 6.70E+06 ID 5.20E+6 Direct Contact (DC) 7,600 5.50E+05 2.50E+06 2.00E+07 4.00E+05 1.60E+05 2.60E+06 2.50E+06 170,000,000 4.10E+05 1.80E+05 4.00E+07 4,000 Soil Saturation Concentration Screening Levels (Csat) NA NA NA NA NA NA NA NA NA NA NA NA NA ND Not Detected above laboratory Method Detection Limit (MDL) or Minimum Quantitative Level (MQL) NA / ‐ Not analyzed or Not Available NLV / NLL Not Likely to Volatilize / Not Likely to Leach bgs Below Grade Surface (feet) Identified Part 201 Cleanup Criteria exceeded Exceeds EGLE VIAP Screening Levels Attachment D Reimbursement Agreement BRA Agenda Item IV.B Muskegon Brownfield Development Authority Agenda Item IV-B for 4-11-23 Adelaide Pointe QOZB, LLC, 1148 and 1204 West Western Ave. DISCUSSION ONLY- EGLE Brownfield Grant and Loan Project Proposal Requesting party: Adelaide Pointe QOZB LLC Discussion Item: Adelaide Pointe QOZB LLC has submitted a project proposal for a EGLE Brownfield Grant. Background: There are considerable costs related to the environmental activities for the Adelaide Pointe project. The developer is seeking $850,000 for the EGLE Brownfield Grant. These funds will offset some of the environmental costs for the activities that are described below. • Groundwater management planning / dewatering are required due to the contamination of site soil and groundwater that contains metals and VOCs. This will make certain that unacceptable exposures are avoided during and after construction. • The ground water management and dewatering mentioned above will allow for construction for the installation of the new utilities for the development. Contaminated groundwater is located in the area of the proposed utility lines, the proper handling/management/disposal of the contaminated effluent during the dewatering process is required. The dewatering activities are expected to generate 112,000,000 gallons of contaminated groundwater. • Demolition of the former building foundation/footings is necessary for the installation of new public utilities and roadways and to support future redevelopment. There is approximately 20,000 tons of concrete (comprising the former building foundation/footing) that need to be removed and crushed on-Site. Proposed schedule for eligible actives: • Treatment/Disposal of Contaminated Groundwater Derived from Construction Dewatering- Summer/Fall 2023 (ASAP) • Concrete Demolition- Summer/Fall 2023 (ASAP) Staff comments: The applicant for the EGLE Brownfield Grant is the City of Muskegon Brownfield Redevelopment Authority. The applicant project contact will be Contessa Alexander. The applicant signing authority will be the Jonathan Seyferth. The project consultant is Kirk Perschbacher. The project applicant will be responsible for the day to day operations, working closely with the entire team. This person will work with the project consultant to send in quarterly invoices to EGLE for reimbursement. The applicant signing authority will legally sign off on all documents on behalf of the BRA. EGLE’s process for selecting prospective projects for the Brownfield Grant: • After several meetings with the consultant and developer, EGLE will invite the developer to send over a project proposal. • After the EGLE Brownfield team does the proper vetting and questions are answered, the developer/ applicant may be invited to apply for the EGLE Brownfield Application. • A letter of support will be required with the application. Suggested motion: No suggested motion Muskegon Downtown Development Authority Agenda item A for 4-11-23 Acceptance of financial statement March 31, 2023 Requesting party: City Economic Development Outline of request: Staff is asking the DDA board to review and accept the financial statements for the DDA and events for Mar. 31, 2023. Staff comments: The DDA FY total as of March 31, 2023 is at $401,513.44. Once the BID Income is added, the FY total will be about $474 higher than expected. There haven’t been too many changes from the previous month. Line item G25 on the DDA Financial page has switched over to reflect Contessa’s salaries and benefits. This caused a decrease of about $26,000 for this item. The total recurring costs remain the same with the exception to the marketing/ promotions. Line item G33 reflects an increase to this item of about $186. Projects and events stayed the same from the previous month as well as the total debt payments. The total expenses are at $168,187.96. The fund balance at the end of the year will be $382,677.98. The tax increment last month was not included, which reflects the huge increase seen for the fund balance. Events revenue increased about $21,700 and about $3,800 for sponsorships, bringing in a total of $77,739.84 in total revenue. All other items stayed relatively the same from the previous month. The events fund balance is about $105,200. A slight increase from what we seen last month. The total financial revenues that include the DDA, Events, and BID increased to $484,400. The total recurring costs increased to $47,947.80. Projects and events increased to about $136,600. The total expenses increased to about $255,000 from last month. The fund balance at the end of the year also increased to $613,900.95. Staff recommendation: To accept the March 31, 2023 DDA and events financial statements. Suggested motion: I move to accept the March 31, 2023 DDA and events financial statements. DDA FINANCIAL FOR 03/31/2023 FY2022-23 BUDGET FY TOTALS Revenues FY 2021-22 BUDGET FY2021-22 ACTUAL (updated) MARCH 31, 2023 Tax Increment $ 310,287.00 $ 321,446.00 $ 401,039.00 $ 401,043.00 Reimbursement - State $ - $ - Event Revenue* $ - $ - Trans From Capital Projects Fund $ - $ - Interest Income $ - $ 543.74 $ - $ 470.44 Fundraising Revenue BID Income (or $50,000 levy)** $ 17,000.00 $ 17,000.00 $ 17,000.00 $ - Sponsorship $ - $ - $ - Former Mall Brownfield Income (GF) $ - $ - $ - Total $ 327,287.00 $ 338,989.74 $ 418,039.00 $ 401,513.44 Expenses FY 2021-22 FY2021-22 ACTUAL FY 2022-23 FY 2022-23 Business Dev. Manager Wages $ - $ 78,601.09 $ 58,609.53 Trans to GF - Marketing, Events, Overhead $ - $ - FICA (7.65%) $ - $ 5,862.50 $ - $ 4,574.15 Workers Comp (2%) $ - $ 401.46 $ - $ 302.88 Insurance $ - $ 4,213.07 $ - $ 1,306.20 Residency Bonus (4%) $ - $ - $ - Life Insurance (0.24%) $ - $ 321.11 $ - $ 250.85 401(k) (6%) $ - $ 7,001.64 $ - $ 5,485.55 Total Salaries/Benefits $ 95,500.00 $ 96,400.87 $ 98,365.00 $ 70,529.16 Walkability Improvements $ - $ - Streetscape/Wayfinding / Walkability $ 15,000.00 $ 10,625.00 $ 15,000.00 $ 25,207.87 Public Art (Downtown Initiative) $ - $ - Landscaping $ - $ - $ - $ - Snow Removal $ - Façade Program $ - $ 62,500.00 $ - Downtown Park(s)**** $ 9,000.00 $ 6,922.11 $ 9,000.00 $ 1,929.45 Marketing/Promotions $ 32,000.00 $ 23,136.50 $ 25,000.00 $ 10,771.48 Blight $ - Office Space and Misc Operating $ 9,000.00 $ 13,019.21 $ 9,000.00 $ - Total Recurring Costs $ 65,000.00 $ 53,702.82 $ 120,500.00 $ 37,908.80 Watermark Assistance $ 25,000.00 $ 25,000.00 Social Bowl $ 34,750.00 $ 34,750.00 Morris Street Lot $ - $ - $ - Taste of Muskegon $ - $ - Lakeshore Art Festival $ - Projects and Events $ - $ - $ 59,750.00 $ 59,750.00 County Debt Payments ($1M) $ - $ - $ - Mercy Health Arena HVAC/Roof******* $ 130,000.00 $ 130,000.00 $ 130,000.00 $ - Other Debt Payments (smartzone) $ - $ - $ - Total Debt Payments $ 130,000.00 $ 130,000.00 $ 130,000.00 $ - Total Expenses $ 290,500.00 $ 280,103.69 $ 408,615.00 $ 168,187.96 Net Rev/Expenses $ 36,787.00 $ 58,886.05 $ 9,424.00 $ 233,325.48 Fund Balance at Beginning of Year $ 90,466.45 $ 149,352.50 Fund Balance at End of Year $ 149,352.50 $ 382,677.98 \\muskdata\data\Planning\COMMON\DDA - BRA\DDA - BRA 2023 -- current year\041123 DDA-BRA Meeting\DDA Items\Copy of Copy of DDA MARCH 2023 EVENTS FINANCIAL FOR 03/31/2023 FY TOTALS Revenues FY 2021-22 BUDGET FY2021-22 ACTUAL FY2022-23 BUDGET MARCH 31, 2023 Tax Increment $ - $ - $ - $ - Reimbursement - State $ - $ - $ - Event Revenue* $ 161,750.00 $ 208,579.11 $ 262,886.00 $ 37,722.90 Trans From Capital Projects Fund $ - $ - Interest Income $ - $ - $ - $ - Fundraising Revenue** $ 5,000.00 $ 17,212.39 $ 5,000.00 $ 4,325.00 BID Income (or $50,000 levy)** $ - $ - $ - $ - Sponsorship $ 87,000.00 $ 412,973.13 $ - $ 35,691.94 Former Mall Brownfield Income (GF) $ - $ - $ - Total $ 253,750.00 $ 638,764.63 $ 267,886.00 $ 77,739.84 Expenses FY 2021-22 FY2021-22 ACTUAL FY 2022-23 FY 2022-23 Business Dev. Manager Wages $ - $ - $ - $ - Trans to GF - Marketing, Events, Overhead $ - $ - $ - $ - FICA (7.65%) $ - $ - $ - $ - Workers Comp (2%) $ - $ - $ - $ - Insurance $ - $ - $ - $ - Residency Bonus (4%) $ - $ - $ - $ - Life Insurance (0.24%) $ - $ - $ - $ - 401(k) (6%) $ - $ - $ - $ - Total Salaries/Benefits $ - $ - $ - $ - Walkability Improvements $ - $ - $ - $ - Streetscape/Wayfinding / Walkability $ - $ - $ - $ - Public Art (Downtown Initiative) $ - $ - $ - $ - Landscaping $ - $ - $ - $ - Snow Removal $ - $ - $ - $ - Façade Program $ - $ - $ - $ - Financial Incentives $ - $ - $ - $ - Downtown Park(s)**** $ - $ - $ - $ - Marketing/Promotions $ - $ - $ - $ - Blight $ - $ - $ - $ - Office Space and Misc Operating $ - $ - $ - $ - Total Recurring Costs $ - $ - $ - $ - Miscellaneous Events(Cookie Crawl, Letters to San $ - $ 11,463.59 $ - $ 4,571.68 Taste of Muskegon $ 65,375.00 $ 338,866.41 $ 96,300.00 $ 18,790.66 Lakeshore Art Festival $ 159,279.00 $ 179,784.98 $ 163,568.00 $ 53,477.74 Projects and Events $ 224,654.00 $ 530,114.98 $ 259,868.00 $ 76,840.08 County Debt Payments ($1M) $ - $ - $ - Mercy Health Arena HVAC/Roof******* $ - $ - $ - Other Debt Payments (smartzone) $ - $ - $ - Total Debt Payments $ - $ - $ - $ - Total Expenses $ 224,654.00 $ 530,114.98 $ 259,868.00 $ 76,840.08 Net Rev/Expenses $ 29,096.00 $ 108,649.65 $ 8,018.00 $ 899.76 Fund Balance at Beginning of Year $ (4,382.80) $ 104,266.85 Fund Balance at End of Year $ 104,266.85 $ 105,166.61 O:\Planning\COMMON\DDA - BRA\DDA - BRA 2023 -- current year\041123 DDA-BRA Meeting\DDA Items\Copy of Copy of DDA MARCH 2023 TOTAL FINANCIAL FOR 03/31/2023 FY TOTALS Revenues FY 2021-22 BUDGET FY2021-22 ACTUAL FY2022-23 BUDGET MARCH 31, 2023 Tax Increment $ 310,287.00 $ 321,446.00 $ 401,039.00 $ 401,043.00 Reimbursement - State $ - $ - $ - $ - Event Revenue* $ 161,750.00 $ 208,579.11 $ 262,886.00 $ 37,722.90 Trans From Capital Projects Fund $ - $ - $ - $ - Interest Income $ - $ 1,184.83 $ - $ 857.23 Fundraising Revenue** $ 5,000.00 $ 17,212.39 $ 5,000.00 $ 4,325.00 BID Income (or $50,000 levy)** $ 129,000.00 $ 134,192.67 $ 129,000.00 $ 4,766.66 Sponsorship $ 87,000.00 $ 412,973.13 $ - $ 35,691.94 Former Mall Brownfield Income (GF) $ - $ - $ - $ - Total $ 693,037.00 $ 1,095,588.13 $ 797,925.00 $ 484,406.73 Expenses FY 2021-22 FY2021-22 ACTUAL FY 2022-23 FY 2022-23 Business Dev. Manager Wages $ - $ 78,601.09 $ - $ 58,609.53 Trans to GF - Marketing, Events, Overhead $ - $ - $ - $ - FICA (7.65%) $ - $ 5,862.50 $ - $ 4,574.15 Workers Comp (2%) $ - $ 401.46 $ - $ 302.88 Insurance $ - $ 4,213.07 $ - $ 1,306.20 Residency Bonus (4%) $ - $ - $ - $ - Life Insurance (0.24%) $ - $ 321.11 $ - $ 250.85 401(k) (6%) $ - $ 7,001.64 $ - $ 5,485.55 Total Salaries/Benefits $ 95,500.00 $ 96,400.87 $ 98,365.00 $ 70,529.16 BID Expenses $ - $ 2,000.00 $ - $ - Streetscape/Wayfinding / Walkability $ 15,000.00 $ 10,625.00 $ 15,000.00 $ 25,207.87 Public Art (Downtown Initiative) $ - $ - $ - $ - Landscaping $ 65,000.00 $ 47,291.32 $ 53,000.00 $ 600.00 Snow Removal $ 30,000.00 $ 53,515.00 $ 30,000.00 $ 8,405.00 Façade Program $ - $ - $ 62,500.00 $ - Downtown Park(s)**** $ 9,000.00 $ 6,922.11 $ 9,000.00 $ 1,929.45 Marketing/Promotions $ 32,000.00 $ 23,136.50 $ 25,000.00 $ 10,771.48 Blight $ - $ - $ - $ - Office Space and Misc Operating $ 26,000.00 $ 30,093.11 $ 26,000.00 $ 1,034.00 Total Recurring Costs $ 177,000.00 $ 173,583.04 $ 220,500.00 $ 47,947.80 Watermark Assistance $ - $ - $ 25,000.00 $ 25,000.00 Social Bowl $ - $ - $ 34,750.00 $ 34,750.00 Morris Street Lot $ - $ 11,463.59 $ - $ 4,571.68 Taste of Muskegon $ 65,375.00 $ 338,866.41 $ 96,300.00 $ 18,790.66 Lakeshore Art Festival $ 159,279.00 $ 179,784.98 $ 163,568.00 $ 53,477.74 Projects and Events $ 224,654.00 $ 530,114.98 $ 319,618.00 $ 136,590.08 County Debt Payments ($1M) $ - $ - $ - $ - Mercy Health Arena HVAC/Roof******* $ 130,000.00 $ 130,000.00 $ 130,000.00 $ - Other Debt Payments (smartzone) $ - $ - $ - $ - Total Debt Payments $ 130,000.00 $ 130,000.00 $ 130,000.00 $ - Total Expenses $ 627,154.00 $ 930,098.89 $ 768,483.00 $ 255,067.04 Net Rev/Expenses $ 65,883.00 $ 165,489.24 $ 29,442.00 $ 229,339.69 Fund Balance at Beginning of Year $ 219,072.02 $ 384,561.26 Fund Balance at End of Year $ 384,561.26 $ 613,900.95 O:\Planning\COMMON\DDA - BRA\DDA - BRA 2023 -- current year\041123 DDA-BRA Meeting\DDA Items\Copy of Copy of DDA MARCH 2023
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