Downtown Development Authority Agenda 04-07-0025

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                                     CITY OF MUSKEGON
                             DOWNTOWN DEVELOPMENT AUTHORITY
                            BROWNFIELD REDEVELOPMENT AUTHORITY


                    DATE OF MEETING:              Tuesday, April 8, 2025

                    TIME OF MEETING:              10:30 A.M.

                    PLACE OF MEETING:             City Hall Conference Room 204
                                                  933 Terrace, Muskegon, MI
____________________________________________________________________________

                                           AGENDA
  I.    Roll Call

 II.    Approval of minutes of 3/11/25

 III.   Public comments on agenda items

 IV.    BRA agenda items- Contessa Alexander
           a. 221 W. Webster Ave., 221 West Webster LLC

 V.     DDA agenda items- Contessa Alexander
           a. Shaw Walker Work Plan 3 – EGLE Loan/Grant
           b. Acceptance of Financial Report 3/31/25
           c. Reforecast Budget

 VI.    Adjourn
                                      CITY OF MUSKEGON

                    DOWNTOWN DEVELOPMENT AUTHORITY (DDA) /
                   BROWNFIELD REDEVELOPMENT AUTHORITY (BRA)


                                          March 11, 2025

M. Bottomley called the meeting to order at 10:30 AM and roll was taken.

I.     Roll Call
         Present: K. Reid, M. Kleaveland, H. Sytsema, J. Wallace Jr, M. Bottomley, B. Hastings,
         J. Moore, J. Seyferth (Late), B. Tarrant, J. Dornbos, K. Thornton (Late)
         Absent: A. Boyd, S. Black
         Others Present: Todd Jacobs at Community Foundation, J. Hines, W. Webster, J. Eckholm

II.    Approval of minutes of 2/11/25– B. Hastings motioned to approve the minutes of
       February 11, 2025 and supported by J. Moore. All in favor
III.   Public Comments – None
IV.    A. Acceptance of Financial Report 2/28/25 – C. Alexander shared the changes since
       January i.e. increase in event sponsorship, salaries, snow removal. Revenue:
       $37,797.49. H. Sytsema motioned to accept the financial report for February 28, 2025
       and supported by J. Dornbos.
       Ayes K. Reid, M. Kleaveland, H. Sytsema, J. Wallace Jr, M. Bottomley, B. Hastings, J.
       Moore, B. Tarrant, J. Dornbos
       Nays: None
       B. Façade Grant Application – The Community Foundation is renovating the second
       floor of the Hilt Building to address structural needs. The project includes replacing the
       three-story window and atrium glass feature and adding a deck that will extend over the
       atrium at the front of the building. The estimated cost for the façade improvements is
       between $250,000 and $300,000, with the total project cost projected at $1,400,000.
       Todd from Community Foundation shared their vision, floor plan and new exterior work.
       K. Reid inquired if the balcony is considered part of the façade grant. J. Moore
       motioned to approve the façade grant application from the Community Foundation for
       Muskegon County in the amount of $25,000. Supported by B. Tarrant. H. Sytsema will
       abstain.
       Ayes K. Reid, M. Kleaveland, K. Thornton, J. Wallace Jr, M. Bottomley, B. Hastings, J.
       Moore, B. Tarrant, J. Dornbos, J. Seyferth
       Nays: None
       C. The Economic Development Department has assumed responsibility for operating
       the Western Market Chalets. As of February 27, 2025, we have received applications
       from eight returning vendors and nine new vendors. The Market will continue to
       function as a business incubator space, with new initiatives being implemented to
       support vendor success. To enhance vendor success, staff plans to provide business
       development support through a partnership with Northern Initiatives for a business
       skills assessment for each vendor. Additionally, we propose engaging a consultant to
       facilitate three business workshops. After interviewing two potential consultants,
       Henrietta Hadley of Infinite Solutions Consulting Group, LLC, and Leandra Nesbit of
       Stingray Advisory Group LLC, staff evaluated both proposals. Both consultants
       presented strong proposals. However, based on overall experience, alignment
       with the Chalet's goals, and the structured 6-month engagement that matches the
       Chalet lease term, staff recommends selecting Leandra Nesbit of Stingray Advisory
       Group LLC. There are 17 chalets with 8 returning vendors and 10 new applicants. This
       pilot program will determine further steps and requirements. Currently, each chalet
       vendor is required to meet with Northern Initiatives in order to be a vendor. Ultimate
       goal is to mentor for possible future brick and mortar business owners. Orientation for
       current chalet vendors is in April. B. Tarrant made a motion to approve the allocation of
       $5,000 to engage Leandra Nesbit of Stingray Advisory Group LLC to provide business
       training and support for the Western Market Chalet vendors for the 2025 season.
       Supported by K. Thornton
       Ayes K. Reid, M. Kleaveland, K. Thornton, J. Wallace Jr, M. Bottomley, B. Hastings, J.
       Moore, B. Tarrant, J. Dornbos, J. Seyferth, H. Sytsema
       Nays: None

Further Comments: S. Wilson shared 2024 tax capture is going into the Brownfield revolving
fund for potential use at some point. Terrace Pointe 2025 capture will be the last year we need
capture to pay off that developer. In 2026 we will begin capturing for the revolving fund for
that project. Both will capture for 5 years.

J. Eckholm shared financial abilities and program opportunities that the team will be working on
for the rest of the calendar year to present to the group.

J. Eckholm also shared current projects - The Vault in Core Plaza ran into budget overages and
will be reaching out to the group for local only brownfield. Lakeview Loft Space II are reaching
their end point of HUD financing process. Final renderings and site plan. Will see their
Brownfield plan come through.

Adjournment 11:37 AM
DDA Agenda Item IV.A.


                      Muskegon Downtown Development Authority

                                 Agenda Item IV.A. for 4-8-25
                    Brownfield Plan Amendment, 221 West Webster, LLC
                    221 West Webster and 1040 2nd Street, Muskegon, MI
Requesting Party: 221 West Webster, LLC
Outline of Request: 221 West Webster, LLC is requesting consideration of their brownfield plan
amendment for the redevelopment project located at 221 West Webster Avenue and 1040 2nd
Street.
Background: The City of Muskegon Brownfield Redevelopment Authority has received a
request from 221 West Webster, LLC for approval of a Brownfield Plan Amendment under Act
381. The proposed amendment involves the completed redevelopment of the former
Huntington Bank building, known as Core Plaza, located at 221 West Webster Avenue & 1040
2nd Street, Muskegon, MI 49440.
The redevelopment, initiated in 2021 and completed in 2025, successfully transformed the
building into a multi-suite commercial structure featuring a restaurant, boutique retail spaces,
and office space. The completed project consists of 42,888 sq ft of restored commercial space
with an estimated 45 jobs created. Approval of the Act 381 Brownfield Plan Amendment to
include the eligible property located at 221 West Webster Avenue & 1040 2nd Street within the
City’s existing Brownfield Plan. This amendment permits the use of tax increment financing (TIF)
to reimburse the developer for eligible activities totaling $838,500. The estimated
administrative cost to the Authority is $105,018, and the Local Brownfield Revolving Fund
capture is estimated at $306,814.
Staff Comments:
City staff and our third-party brownfield consultant has reviewed the plan and recommends
approval.
Suggested Motion:
I move to approve the resolution for the Brownfield Plan Amendment located at 221 West
Webster Ave. and 1040 2nd Street 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
                               221 West Webster, LLC
                     221 West Webster and 1040 2nd Street, Muskegon, MI
       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 8th day of April

2025 at 10:30 a.m., prevailing Eastern Time.

       PRESENT:

       ABSENT:

The following preamble and resolution were offered by _________ and supported by __________:

       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 221 W. Webster Redevelopment

project 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 221 W. Webster Redevelopment project 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
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 8, 2025, 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
                                                                                               March ‘17




                                       City of Muskegon
                            Brownfield Redevelopment Authority
                  Application for Inclusion in the Muskegon Brownfield Plan



Introduction

The purpose of the City of Muskegon Brownfield Redevelopment Authority is to provide financial
incentives for economic development projects within the City of Muskegon where environmental
contamination, blight, or functional obsolescence create an impediment to redevelopment of
property. Inclusion of a project in the Muskegon Brownfield Plan can result in certain eligible
activities being financed through tax increment financing. The statutory authorization for
Brownfield Authorities and Brownfield tax increment financing are found in Michigan’s Public Act
381 of 1996, as amended, the Brownfield Redevelopment Financing Act (Act 381).

What are the advantages of being included in the Muskegon Brownfield Plan?

Tax Increment Financing

Inclusion in the Brownfield Plan allows the developer/business the use of tax increment financing
for reimbursement of “eligible activities”. These may include:
        1) Environmental Response Activities, including Baseline Environmental Assessments,
             Due Care Activities, and other environmental response activities.
        2) Demolition
        3) Public Infrastructure Improvements
        4) Site Preparation
        5) Lead and Asbestos Abatement


Do you want to be in the City of Muskegon Brownfield Plan?

First, you need to ask yourself the following questions:
         1) Is the property where the project proposed a “facility”? (“Facility” is defined by Part
             201 of NREPA as property where the concentration of a hazardous substance in soil
             or groundwater exceeds the applicable Michigan Residential Generic Cleanup
             Criteria.)
         2) Is a building on the property where the project is proposed considered “Blighted”?
             Blighted is defined by Act 381, as property that meets any of the following criteria:
                 a) Has been declared a public nuisance in accordance with a local housing,
                      building, plumbing, fire, or other related code or ordinance;
                 b) Is an attractive nuisance to children because of physical condition, use, or
                      occupancy;
                 c) Is a fire hazard or is otherwise dangerous to the safety of persons or
                      property;
                 d) Has had the utilities, plumbing, heating, or sewerage permanently
                      disconnected, destroyed, removed, or rendered ineffective so that the
                      property is unfit for its intended use.
         3) Is the property where the project is proposed considered “Functionally Obsolete”?
             Functionally Obsolete is defined by Act 381, as “unable to be used to adequately
             perform the function for which it was intended due to a substantial loss in value
             resulting from factors such as overcapacity, changes in technology, deficiencies or
             super adequacies in design, or other similar factors that affect the property itself or
             the property’s relationship with other surrounding property.” The City would be
             involved in making this determination through a qualified assessor.




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                                                                                               March ‘17




If you answer yes to any of the questions above, the following steps should be taken.

1) Contact the City of Muskegon Planning & Economic Development Department to discuss
   your project and discuss the project feasibility (appropriate development, proper zoning,
   eligible according to the applicable statute, etc).

2) City staff and/or Brownfield Consultant will work with you to discuss project eligibility and to
   evaluate the Brownfield incentives as they may apply to the proposed project (does it make
   sense for your company to pursue this incentive, or are other avenues more appropriate?)

3) Once the decision is made to proceed to prepare an amendment to the Brownfield Plan, the
   applicant then files an application to the City to be included in the Muskegon Brownfield Plan
   (see Fees below). The City staff and/or its Brownfield Consultant, and the applicant will
   identify the “eligible activities” that may be eligible for reimbursement through tax increment
   financing. Review and approval of eligible activities by the Michigan Strategic Fund (MSF)
   and/or the Michigan Department of Environmental Quality (MDEQ) will be required if school
   operating taxes will be captured for certain eligible activities. The applicant must submit a
   proposed amendment to the Muskegon Brownfield Plan. After review and discussion with the
   City staff, the proposed amendment to the Brownfield Plan will be presented to the Brownfield
   Redevelopment Authority for approval, then to the City Commission for a public hearing.

4) If approved by the Muskegon City Commission, the Brownfield Plan will be amended to
   include the project.


5) If eligible activities are identified and approved for reimbursement through tax increment
   financing, it will be necessary for the developer/business to pay the initial costs for MDEQ
   “eligible activities” and/or MSF eligible activities. Public infrastructure improvements may
   have alternative financing mechanisms. Act 381 also authorizes bonding; this is entirely
   subject to consideration and approval by the City. The financing and reimbursement of
   “eligible activities” through the Brownfield Plan amendment will be addressed in a
   Development and Reimbursement Agreement between the City and the Developer/Business.

Fees

There is an administrative fee for inclusion in the City of Muskegon Brownfield Plan. These costs
include staff time to review and evaluate the proposed Plan Amendment and Development and
Reimbursement Agreement, coordination between the developer/business, consultants, and city
preparation of and mailing of notices, etc. The fee for inclusion in the Brownfield Plan is
$5,000

Process for Adoption of Brownfield Plan Amendment


I.      Potential Brownfield Plan Amendment Applicant contacts the City of Muskegon
        Department of Planning and Economic Development regarding the City’s interest in
        helping to facilitate the proposed brownfield redevelopment project. If the project is
        located in the City of Muskegon, and is a “facility” (as defined in Part 201 of the
        Natural Resources and Environmental Protection Act, Act 451, Public Acts of Michigan,
        1994, as amended), or is “functionally obsolete” or “blighted”, as defined by the
        Brownfield Redevelopment Financing Act, Act 318 of 1996, as amended, and it appears
        that the proposed project is consistent with the City’s Master Land Use plan and any
        associated plan, the developer/business will coordinate with planning staff and/or the City
        Brownfield Consultant.




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                                                                                             March ‘17




II.     The applicant works with the City of Muskegon staff/ Brownfield Consultant and evaluates
        whether inclusion in the Brownfield Plan is appropriate and beneficial to the proposed
        development project. If it is, the applicant prepares and submits a Brownfield Plan
        Application, (see Fees above). The Plan Amendment is required to be completed by the
        applicant and/or their consultant/attorney.


III.    The Applicant works with the City Planning & Economic Development Staff/Brownfield
        consultant to refine/ modify the Plan Amendment as necessary

IV.     The City schedules a Brownfield Redevelopment Authority (BRA) Meeting. The
        Brownfield Redevelopment Authority considers a resolution approving the Brownfield
        Plan Amendment and, if approved, recommends approval to the City Commission.


V.      The Developer/business prepares and submits a Development and Reimbursement
        Agreement to the City. This is reviewed and negotiated. When finalized, it is presented to
        the BRA for approval and forwarded to the City Commission for approval.

VI.     The City Commission adopts a resolution providing notice to taxing jurisdictions and
        applicable State Agencies (MDEA and/or MSF) setting a public hearing (the City
        Commission meets on the second and fourth Tuesday of each month, agenda items must
        be prepared by the Tuesday prior to City Commission meeting).

VII.    The City posts a notice of the public hearing. Not less than 10 days prior to the public
        hearing. The City sends notice of the public hearing to the legislative body of each taxing
        unit levying taxes subject to capture, as well as the MDEQ for plans including eligible
        environmental response activities and to the Michigan Strategic Fund (MSF) for plans
        including eligible non-environmental costs, not less than 10 days prior to the public
        hearing. The City Commission holds a public hearing on the adoption of the resolution
        approving the Brownfield Plan (not less than 10 days after sending notice of the proposed
        Brownfield Plan Amendment to the taxing jurisdictions).

VIII.   If the City Commission approves the Brownfield Plan Amendment, the
        Developer/Business develops an Act 381 work plan for the “eligible activities”. The
        Brownfield Authority submits the Act 381 to the appropriate state agency (MDEQ for
        eligible environmental response activities, MSF for Demolition, Public Infrastructure
        Improvements, Site Preparation, Lead and Asbestos Abatement) for review and approval.

IX.     The City of Muskegon will notify the County Assessor of the Plan Amendment.




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                                       City of Muskegon
                            Brownfield Redevelopment Authority
                  Application for Inclusion in the Muskegon Brownfield Plan


This application requests information that may be utilized to amend the “City of Muskegon
Brownfield Redevelopment Authority Brownfield Plan”, as originally approved by the City
Commission of the City of Muskegon on April 14, 1998. Please complete the information
requested below and return to the Planning Department, City of Muskegon. In order to process
the application, a fee of $5,000 is required.

Applicant Information

Company Name (Developer/Business):        221 West Webster, LLC

Contact Person and Title:                 John Essex, Manager

Contact Person Mailing Address:      221 West Webster Ave, Muskegon, MI



Contact Person’s Phone Number:
                                      231-375-5273                 Fax No.

Contact Person’s E-Mail Address:       johnessex@corerealty.com

Project Information
                                   221 West Webster Avenue, Muskegon, Michigan
Location of Eligible Property:


                              61-24-205-333-0001-00, 61-24-205-333-0001-01
Legal Description/Parcel Number:
                              & 61-24-205-333-0001-02
Property Ownership: 221 West Webster, LLC currently owns the property




Current Use of Property:     Mixed Use Commercial office, retail and restaurant




Type of Brownfield Amendment Requesting: (Please check all that apply:)

        Tax Increment Financing for Eligible Activities    X
                                                          __________
                                                            Yes
Is the proposed site a “facility” (as defined by Part 201)?              (Please provide a copy
of the executive summary of any environmental reports available, such as a Phase I or II
Environmental Site Assessment, or Baseline Environmental Assessment.)

Is the applicant’s property “blighted” (as defined by P.A. 381 of 1996)?            (Please
provide supporting information.)
                                                                                        Yes, PA 146 Already
Is the applicant’s property “functionally obsolete” (as defined by P.A. 381 of 1996)?   Approved
(Please provide supporting information.)



                                                 4
                       CITY OF MUSKEGON BROWNFIELD REDEVELOPMENT APPLICATION DISCLOSURE STATEMENT

                       Project Name: 221 West Webster Redevelopment aka Core Plaza
                       Developer Name: 221 West Webster, LLC
                       Contractor Name (if applicable):
                       Project Location: 221 West Webster, Muskegon, Michigan
                       Date:



                       1. Purpose of the Disclosure Statement

                       The purpose of this document is to inform the City of Muskegon Brownfield Redevelopment
                       Authority and its stakeholders that [Developer Name], the developer engaged in the [Project
                       Name] Brownfield Redevelopment Project, intends to use a contracting business that they own
                       or have a financial interest in, [Contractor Name], to provide services for the project.

                       This disclosure is made in the interest of transparency and in accordance with ethical business
                       practices, to avoid any perceived or actual conflict of interest, and to ensure compliance with
                       local, state, and federal regulations concerning Brownfield Redevelopment projects.

                       2. Developer’s Affiliated Contracting Business

                       [Developer Name], through their ownership or partnership in [Contractor Name], will provide
                       contracting services for [Project Name]. These services may include, but are not limited to:

                            •    [List of services provided.]

                       3. Compliance with City Policies and Regulations

                       The developer affirms that the selection of [Contractor Name] complies with all applicable
                       procurement policies and regulations governing Brownfield Redevelopment projects. The
                       contracting business is fully licensed and insured to perform the required services in the City of
                       Muskegon.

                       4. Mitigation of Conflicts of Interest

                       The developer acknowledges the potential for a perceived conflict of interest due to the dual
                       role of acting as both the developer and contractor. To mitigate any conflicts:

                            •    The developer agrees to maintain clear and transparent records regarding any financial
                                 transactions between the developer and [Contractor Name].

                            •    The developer will provide documentation to the City of Muskegon regarding
                                 competitive bidding processes (if applicable) and the reason for selecting Contractor
                                 Name].



2 3 1. 7 2 4. 67 0 5   |   933 Terrace St, Muskegon, MI 49440-1397   |   www.shorelinecity.com
Act 381 Brownfield Plan Amendment

221 West Webster, LLC
221 West Webster Avenue & 1040 2nd Street
Muskegon, Michigan 49440
Prepared For:
City of Muskegon Brownfield Redevelopment Authority

Project No. 2500348
March 3, 2025
Act 381 Brownfield Plan Amendment

221 West Webster, LLC
221 West Webster Avenue & 1040 2nd Street
Muskegon, Michigan 49440



Prepared For:
City of Muskegon Brownfield Redevelopment Authority
City of Muskegon, Michigan

March 3, 2025
Project No. 2500348

Recommended for Approval by Brownfield Redevelopment Authority on: ________________
Adopted by the City of Muskegon City Commission on: ________________
Table of Contents                                                                                                                                 Fishbeck | Page i


1.0        Introduction ...................................................................................................................................................1
           1.1     Proposed Redevelopment and Future Use for Each 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
                  2.1.1 Pre-Approved Activities .......................................................................................................2
                  2.1.2 Local Only Activities .............................................................................................................2
                  2.1.3 Brownfield Plan/Work Plan Preparation ..............................................................................3
                  2.1.4 Brownfield Plan/Work Plan Implementation .......................................................................3
                  2.1.5 Authority Administration Cost .............................................................................................3
                  2.1.6 Local Brownfield Revolving Fund .........................................................................................3
           2.2    Summary of Eligible Activities ...........................................................................................................3
                          Environmental Activities ......................................................................................................3
                          Non-Environmental Activities ..............................................................................................3
                          Authority Expenses ..............................................................................................................3
           2.3    Estimate of Captured Taxable Value and Tax Increment Revenues ..................................................3
           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 Jurisdictions ........................4
           2.8    Legal Description, Property Map, Statement of Qualifying Characteristics, and Personal Property.4
           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 of the Eligible Property
Figure 2 – Site Plan

List of Tables
Table 1 – Summary of Eligible Costs
Table 2 – Total Captured Incremental Taxes Estimates
Table 3 – Estimated Reimbursement Schedule

List of Appendices
Appendix 1          Brownfield Plan Resolution(s)
Appendix 2          Development/Reimbursement Agreement
Appendix 3          Notice to Taxing Jurisdictions
Appendix 4          Notice of Public Hearing
Appendix 5          “Facility” Status Documentation




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Table of Contents                                                                                                              Fishbeck | Page ii


List of Abbreviations/Acronyms
Act 381                      Brownfield Redevelopment Financing Act, 1996 PA 381, as amended
Authority                    City of Muskegon Brownfield Redevelopment Authority
BEA                          Baseline Environmental Assessment
Developer                    221 West Webster, LLC
ESA                          Environmental Site Assessment
LBRF                         Local Brownfield Revolving Fund
NREPA                        Natural Resources and Environmental Protect Act
PA                           Public Act
Plan Amendment               Brownfield Plan Amendment
Property                     221 West Webster Avenue & 1040 2nd Street, Muskegon, Michigan 49440
QLGU                         Qualified Local Governmental Unit




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March 3, 2025                                                                                                                  Fishbeck | Page 1


1.0              Introduction
The City of Muskegon Brownfield Redevelopment Authority (the “Authority”) was established by the City of
Muskegon (the “City”) pursuant to the Brownfield Redevelopment Financing Act, Michigan Public Act (PA) 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 221 W Webster, LLC (“Developer”) for the cost of eligible activities required to redevelop the eligible
property. See Appendix 1 for copies of Plan Amendment resolutions.

1.1              Proposed Redevelopment and Future Use for Each Eligible Property
The Developer is in the process of redeveloping the formerly vacant Huntington Bank building, currently known as
Core Plaza, located at 221 West Webster Avenue and 1040 2nd Street (the “Property”). Since 2021, floor by floor
the building has been fully redeveloped as a multi-suite commercial structure. Once the redevelopment is
completed, the building will consist of 42,888 sq ft of restored commercial spaces. The redevelopment plans
include a restaurant, boutique commercial retail space, and office space. Construction began in 2021 and is
estimated to be completed in 2025/2026. Total investment in the redevelopment is estimated at $10,000,000
and an estimated 45 jobs will be created once the redevelopment is completed. The proposed site plan is
included in Figure 2.
This project serves a public purpose in the City of Muskegon, a Qualified Local Governmental Unit (QLGU),
expanding the tax base, investing significant capital into the community, and creating new jobs. Within walking
distance from both Muskegon Lake and Downtown Muskegon’s Social District, the Core Plaza building will attract
new businesses and companies looking for office/retail space into the heart of downtown Muskegon. There is no
existing hotel or hotel in development on this level of service within the region, so it will draw both community
members and national visitors looking to visit this region and Lake Michigan.

1.2              Eligible Property Information
Land Parcels:
Parcel ID: 61-24-205-333-0001-00
221 West Webster Avenue, Muskegon, Michigan 49440
Approximately 2.13 acres
Parcel ID: 61-24-205-333-0001-01
221 West Webster Avenue, Muskegon, Michigan 49440
Approximately 0.25 acres

Parcel ID: 61-24-205-333-0001-02
1040 2nd Street, Muskegon, Michigan 49440
Approximately 0.07 acres
OPRA Parcels:
Parcel ID: 61-24-958-021-0040-00
221 West Webster Avenue, Muskegon, Michigan 49440
Parcel ID: 61-24-957-021-0040-00



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March 3, 2025                                                                                                                  Fishbeck | Page 2


221 West Webster Avenue, Muskegon, Michigan 49440
The property is located in the City of Muskegon, a QLGU pursuant to Act 381.
The Property was historically developed in the 1880s for use as a cemetery and undertaker/mortuary business,
with its most recent use as a banking building. Additionally, the Property was developed in a known area of
historical industrial/construction fill material which is known to contain elevated levels of heavy metals. During
the acquisition of the Property in 2021, the Developer conducted the appropriate environmental due diligence
including a Phase I Environmental Site Assessment (ESA), Phase II ESA, Baseline Environmental Assessment (BEA),
and Documentation of Due Care Compliance Report (DDCCR). During the Phase II ESA concentrations of copper,
lead, mercury, and zinc were identified in the soil exceeding Michigan Department of Environment, Great Lakes,
and Energy (EGLE) Part 201 Generic Residential Cleanup Criteria (GRCC) and lead was identified in the
groundwater at concentrations exceeding the EGLE Part 201 GRCC.
The Developer is not a liable party and completed a BEA in accordance with Part 201 of the Natural Resources and
Environmental Protect Act, 1995 Public Act (PA) 451, as amended (NREPA) during the acquisition of the Property
in 2021.
Given the known soil and groundwater 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 Appendix 5.

2.0              Information Required by Section 13(2) of the Statute
2.1              Description of Costs to be Paid for with Tax Increment Revenues
This Brownfield Plan Amendment has been developed to reimburse existing and limited future costs incurred by
the Developer since redevelopment began in 2021. Tax increment revenues will be captured for reimbursement
from state school taxes (limited to preapproved activities) and local-only tax increment revenues.
The total cost of eligible activities anticipated to be reimbursed to the Developer is anticipated to be $838,500.
Authority administrative costs are anticipated to be up to $105,018. While all activities are eligible, as defined in
Act 381, the estimated eligible activities and costs under this plan are summarized in Table 1. The capture of tax
increment revenue for the Local Brownfield Revolving Fund (LBRF) is estimated to be up to $306,814.
2.1.1            Pre-Approved Activities
Eligible costs for reimbursement include Pre-Approved Activities, permitted to occur prior to Plan Amendment
adoption. Preparation of Phase I and II ESA(s), BEA, DDCCR, and a pre-demolition asbestos containing materials
(ACM) survey was necessary to protect the Developer from clean up liability for known/existing environmental
contamination. The total cost is anticipated to be $25,500.
Demolition costs, up to $250,000, are preapproved under Act 381 and all remaining demolition costs will be
reimbursed through local-only taxes. Building interior demolition was necessary to redevelop the building. The
total cost is anticipated to be $250,000.
The total Pre-Approved Activities cost is $275,500.
2.1.2            Local Only Activities
Significant demolition and asbestos abatement activities have been necessary to fully redevelop the activities.
Interior/site demolition activities (excluding the pre-approved activities) are anticipated at $400,000. During


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interior demolition activities, significant amounts of ACMs were identified in which abatement was necessary.
Asbestos abatement activities are anticipated at $150,000. Total Local Only Activity cost is $550,000
2.1.3            Brownfield Plan/Work Plan Preparation
Preparation of the Brownfield Plan is estimated to cost $8,000 which is split between pre-approved state and
local only eligible activities.
2.1.4            Brownfield Plan/Work Plan Implementation
Implementation of the Brownfield Plan is estimated to cost $5,000.
2.1.5            Authority Administration Cost
Eligible costs incurred by the Authority are included in this plan as an eligible expense at 10% of annual local tax
increment capture per year (after the sunset of the PA 146). These expenses will be reimbursed with local tax
increment revenues only and are estimated to total as much as $105,018.
2.1.6            Local Brownfield Revolving Fund
The Authority intends to capture tax increments for deposits in the LBRF for an estimated five years, or as allowed
by the statute. This capture is estimated to be up to $306,814.

2.2              Summary of Eligible Activities
Environmental Activities
Pre-approved environmental costs and department specific activities are anticipated to be reimbursed through a
Brownfield Plan with state and local tax increment revenues.
Non-Environmental Activities
As the City of Muskegon is a QLGU, additional non-environmental costs defined in Section 2(o)(ii) of Act 381 can
be reimbursed through a Brownfield Plan. While all eligible activities as defined by Act 381 are eligible, this plan is
estimated to provide reimbursement of eligible building/site demolition, asbestos abatement, and development
of the Brownfield Plan costs. These costs will be reimbursed with state taxes (for a portion of the demolition up to
$250,000) and local-only tax increment revenues.
Authority Expenses
Eligible administrative costs incurred by the Authority are included as a flat fee of 10% of local tax capture.
Administration expenses will be reimbursed with local tax increment revenues only.

2.3              Estimate of Captured Taxable Value and Tax Increment Revenues
The base taxable value will be the 2024 combined taxable value, $1,630,486. An estimate of the captured taxable
value for this redevelopment by year is depicted in Table 2. This plan captures all available tax increment
revenues, including real and personal property tax increment revenues.
The Project started construction in 2021 and investment in the Project has occurred every year since. Tax
increment revenue collection will start within five years of the adoption of this plan and is anticipated to begin as
early as 2025.
Future taxable value estimates have been derived using the redevelopment information provided by the
Developer and reviewing market comparables. After the completion of the project, the projected taxable value is
estimated at $2,630,486. In addition to tax increment financing, a PA 146 Obsolete Property Rehabilitation Tax
Abatement was approved for the Project in 2021. The PA 146 was approved to abate the local taxes through 2029



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and a 50% abatement of the state taxes through 2027. Reimbursements will be made on the actual tax increment
that is realized. The estimated captured taxable value for this redevelopment by year and in aggregate for each
taxing jurisdiction is depicted in tabular form (Table 2). Once eligible expenses are reimbursed, the Authority may
capture up to five full years of the tax increment and deposit the revenues into an LBRF or an amount not to
exceed the total cost of eligible activities. The Authority intends to capture tax increments for deposits in the LBRF
for an estimated five years. The plan also includes a flat fee of 10% of the local tax increment for administrative
and operating expenses of the Authority. A summary of the estimated reimbursement schedule and the amount
of capture into the LBRF by year and in aggregate is presented in Table 3.

2.4              Method of Financing and Description of Advances Made by the Municipality
The eligible activities contemplated under this plan will be financed by the Developer, as outlined in this plan and
the accompanying development and reimbursement agreement (Appendix 2). No advances from the City are
anticipated at this time.

2.5              Maximum Amount of Note or Bonded Indebtedness
At this time, there are no plans by the Authority to incur indebtedness to support the development of this site,
but such plans could be made in the future to assist in the development if the Authority so chooses.

2.6              Duration of Brownfield Plan
The Authority intends to begin the capture of tax increment as early as 2025. This plan will then remain in place
for 24 years, or until the eligible activities have been fully reimbursed and up to five full years of capture into the
LBRF (not to exceed the cost of eligible activities or 30 years), whichever occurs sooner. An analysis showing the
reimbursement schedule is attached in Table 3.

2.7              Estimated Impact of Tax Increment Financing on Revenues of Taxing
                 Jurisdictions
An estimate of the impact of tax increment financing on the revenues of all taxing jurisdictions is illustrated in
detail in Table 2.

2.8              Legal Description, Property Map, Statement of Qualifying Characteristics,
                 and Personal Property
A map showing eligible property dimensions is attached in Figure 1.
The legal descriptions for the parcels are as follows:
Land Parcels:
Parcel ID: 61-24-205-333-0001-00
CITY OF MUSKEGON REVISED PLAT OF 1903 LOT 1 TO 9 INCL BLK 333

Parcel ID: 61-24-205-333-0001-01
CITY OF MUSKEGON BUILDING ON LEASED LAND PARCEL

Parcel ID: 61-24-205-333-0001-02
CITY OF MUSKEGON BUILDING ON LEASED LAND PARCEL

OPRA Parcels:
Parcel ID: 61-24-958-021-0040-00



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CITY OF MUSKEGON- OPRA REHAB
REAL ID NUMBER 24-205-333-0001-00
BEGINNING 12/30/2021
ENDING 12/30/2029
CERT #3-21-0040

Parcel ID: 61-24-957-021-0040-00
CITY OF MUSKEGON- OPRA REHAB (REAL FROZEN)
REAL ID NUMBER 24-205-333-0001-00
BEGINNING 12/30/2021
ENDING 12/30/2029
CERT #3-21-0040
The property is located in the City of Muskegon, a QLGU pursuant to Act 381. The property qualifies as “eligible
property” under Act 381 on the basis of meeting the definition of “facility.” 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
There are no residents or families residing at this property, and thus no residents, families, or individuals will be
displaced by the project.

2.10             Plan for Relocation of Displaced Persons
No persons reside on the eligible property. Therefore, this section is not applicable.

2.11             Provisions for Relocation Costs
No persons reside on the eligible property. Therefore, this section is not applicable.

2.12             Strategy for Compliance with Michigan’s Relocation Assistance Law
No persons reside on the eligible property. Therefore, this section is not applicable.

2.13             Other Material that the Authority or Governing Body Considers Pertinent
None.




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                       221 W. Webster Avenue | Muskegon, MI 49440




Listed By:
TROY WASSERMAN                   BRYAN BENCH
231 750 9627                     231 578 2508
troywasserman@corerealty.com     bryanbench@corerealty.com
                                                                                                                              FLOOR 1
PROPERTY OVERVIEW
Core Plaza is a 42,888 square foot building currently occupied and being simultaneously restored level by level, to a full-
service multi-use development in downtown Muskegon.

FLOOR 1 | LUMBERMAN’S VAULT

Be a part of Muskegon's newest downtown hot spot. Lumberman's Vault will be a showcase for some of Muskegon's best
ingredients, chefs, and entrepreneurs. The food stalls will house chef-driven concepts that work cohesively together.
Lumberman's Vault will also be home to Liquid Assets, Muskegon's newest cocktail bar and lounge. The street-level
mezzanine overlooking the food court and cocktail lounge will be home to retail bays perfect for boutique like storefronts,
Salons, gift shops and more. The building will be a destination hub connecting people through food while preserving the
legacy of a celebrated downtown landmark.

FLOOR 2 | BOUTIQUE RETAIL SUITES

The second floor which will overlook The Lumberman's Vault food court and Liquid Assets Cocktail & Wine Bar will be home
to eight unique, boutique like retail suites. Various suite sizes and build-out options are available. The restoration of the
building is centered on preserving many original features such as the bank vault, safety deposit boxes, newspaper clippings
and construction photos. Call or email to set up a tour to see for yourself one of Downtown Muskegon's exciting new
projects.

FLOORS 3 & 4 | OCCUPIED BY CORPORATE OFFICE USERS

FLOOR 5 | COWORKING OFFICE SUITES

Multiple lease options are available ranging in size from 106 – 197 SF. Rates are gross, with use of nicely-appointed reception
area, conference rooms, and employee kitchen/break area.

FLOOR 6 | OCCUPIED BY CORPORATE OFFICE USER

Listed By:
TROY WASSERMAN                                BRYAN BENCH
231 750 9627                                  231 578 2508
troywasserman@corerealty.com                  bryanbench@corerealty.com
                                                           FLOOR 5




Listed By:
TROY WASSERMAN                 BRYAN BENCH
231 750 9627                   231 578 2508
troywasserman@corerealty.com   bryanbench@corerealty.com
                                                           FLOOR 5




Listed By:
TROY WASSERMAN                 BRYAN BENCH
231 750 9627                   231 578 2508
troywasserman@corerealty.com   bryanbench@corerealty.com
Tables
                                Table 1 – Summary of Eligible Costs
                                     Act 381 Brownfield Plan
                                221 Webster, Muskegon, Michigan

EGLE Eligible Activities Costs and Schedule

                           EGLE Eligible Activities                                  Cost
Department Specific Activities                                                   $          25,500
  Phase I ESA, Phase II ESA, BEA                                                 $          20,500
  Asbestos Survey                                                                $           5,000
                                              EGLE Eligible Activities Subtotal $           25,500
Brownfield Plan/Work Plan Preparation                                            $           2,000
                                            EGLE Eligible Activities Total Costs $          27,500

MEDC Eligible Activities Costs and Schedule

                           MEDC Eligible Activities                                  Cost
Demolition (Pre-Approved)                                                  $           250,000
  Demolition                                                               $           250,000
                                       MEDC Eligible Activities Subtotal $             250,000
Brownfield Plan/Work Plan Preparation                                      $             2,000
                                      MEDC Eligible Activities Total Costs $           252,000



Local Only Eligible Activities Costs and Schedule

                         Local Only Eligible Activities                              Cost
Demolition Activities                                                         $        550,000
  Site Demolition                                                             $        400,000
  Asbestos Abatement                                                          $        150,000
                                      Local Only Eligible Activities Subtotal $        550,000
Brownfield Plan/Work Plan Preparation                                         $          4,000
Brownfield Plan/Work Plan Implementation                                      $          5,000
                                   Local Only Eligible Activities Total Costs $        559,000




                                                                                                     3/3/2025
                                                                                                                                                                                                                                                                  Table 2 – Total Captured Incremental Taxes Schedule
                                                                                                                                                                                                                                                                                 Act 381 Brownfield Plan
                                                                                                                                                                                                                                                                                    221 West Webster
                                                                                                                                                                                                                                                                                      Muskegon, MI
                                                                                                                 OPRA Period
                     Estimated Taxable Value (TV) Increase Rate: 2% increase per year
                                                         Plan Year         1                  2                      3                   4                   5                   6                   7                   8                   9                   10                  11                  12                  13                  14                  15                  16                  17                  18                  19                  20                  21                  22                 23                  24                  Totals
                                                     Calendar Year       2025                2026                   2027                2028                2029                2030                2031                2032                2033                2034                2035                2036                2037                2038                2039                2040                2041                2042                2043                2044                2045                2046                2047                2048
                                               *Base Taxable Value   $      1,630,486 $        1,630,486 $            1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $                   -
                                               Future Taxable Value $       2,630,486    $     2,683,096     $        2,736,758     $     2,791,493     $     2,847,323     $     2,904,269     $     2,962,354     $     3,021,602     $     3,082,034     $     3,143,674     $     3,206,548     $     3,270,679     $     3,336,092     $     3,402,814     $     3,470,870     $     3,540,288     $     3,611,094     $     3,683,315     $     3,756,982     $     3,832,121     $     3,908,764     $     3,986,939     $     4,066,678     $     4,148,011     $                   -
                          Incremental Difference (New TV - Base TV) $      1,000,000     $     1,052,610     $        1,106,272     $     1,161,007     $     1,216,837     $     1,273,783     $     1,331,868     $     1,391,116     $     1,451,548     $     1,513,188     $     1,576,062     $     1,640,193     $     1,705,606     $     1,772,328     $     1,840,384     $     1,909,802     $     1,980,608     $     2,052,829     $     2,126,496     $     2,201,635     $     2,278,278     $     2,356,453     $     2,436,192     $     2,517,525     $                   -


School Capture                                   Millage Rate
School Operating                                         18.0000     $          18,000 $            18,947 $               19,913 $            20,898 $            21,903 $            22,928 $            23,974 $            25,040 $            26,128 $            27,237 $            28,369 $            29,523 $            30,701 $            31,902 $            33,127 $            34,376 $            35,651 $            36,951 $            38,277 $            39,629 $            41,009 $            42,416 $            43,851 $            45,315 $          736,067
State Education Tax (SET)                                6.0000      $           6,000 $             6,316 $                6,638 $             6,966 $             7,301 $             7,643 $             7,991 $             8,347 $             8,709 $             9,079 $             9,456 $             9,841 $            10,234 $            10,634 $            11,042 $            11,459 $            11,884 $            12,317 $            12,759 $            13,210 $            13,670 $            14,139 $            14,617 $            15,105 $          245,356
                               School Total             24.0000      $          24,000   $          25,263   $             26,551   $          27,864   $          29,204   $          30,571   $          31,965   $          33,387   $          34,837   $          36,317   $          37,825   $          39,365   $          40,935   $          42,536   $          44,169   $          45,835   $          47,535   $          49,268   $          51,036   $          52,839   $          54,679   $          56,555   $          58,469   $          60,421   $        981,423


Local Capture                                    Millage Rate
County Operating                                          5.5637     $           5,564 $             5,856 $                6,155 $             6,459 $             6,770 $             7,087 $             7,410 $             7,740 $             8,076 $             8,419 $             8,769 $             9,126 $             9,489 $             9,861 $            10,239 $            10,626 $            11,020 $            11,421 $            11,831 $            12,249 $            12,676 $            13,111 $            13,554 $            14,007 $          227,514
County Museum                                            0.3169      $            317 $               334 $                    351 $             368 $               386 $               404 $               422 $               441 $               460 $               480 $               499 $               520 $               541 $               562 $               583 $               605 $               628 $               651 $               674 $               698 $               722 $               747 $               772 $               798 $               12,959
County Veterans                                          0.0739      $             74 $                78 $                    82 $               86 $                90 $                94 $                98 $               103 $               107 $               112 $               116 $               121 $               126 $               131 $               136 $               141 $               146 $               152 $               157 $               163 $               168 $               174 $               180 $               186 $                3,022
Senior Citizen Services                                  0.4921      $            492 $               518 $                    544 $             571 $               599 $               627 $               655 $               685 $               714 $               745 $               776 $               807 $               839 $               872 $               906 $               940 $               975 $              1,010 $             1,046 $             1,083 $             1,121 $             1,160 $             1,199 $             1,239 $              20,123
Central Dispatch                                         0.2952      $            295 $               311 $                    327 $             343 $               359 $               376 $               393 $               411 $               428 $               447 $               465 $               484 $               503 $               523 $               543 $               564 $               585 $               606 $               628 $               650 $               673 $               696 $               719 $               743 $               12,072
Community College                                        2.1693      $           2,169 $             2,283 $                2,400 $             2,519 $             2,640 $             2,763 $             2,889 $             3,018 $             3,149 $             3,283 $             3,419 $             3,558 $             3,700 $             3,845 $             3,992 $             4,143 $             4,297 $             4,453 $             4,613 $             4,776 $             4,942 $             5,112 $             5,285 $             5,461 $              88,708
MAISD                                                    4.6773      $           4,677 $             4,923 $                5,174 $             5,430 $             5,692 $             5,958 $             6,230 $             6,507 $             6,789 $             7,078 $             7,372 $             7,672 $             7,978 $             8,290 $             8,608 $             8,933 $             9,264 $             9,602 $             9,946 $            10,298 $            10,656 $            11,022 $            11,395 $            11,775 $          191,267
City Operating                                           9.8554      $           9,855 $            10,374 $               10,903 $            11,442 $            11,992 $            12,554 $            13,126 $            13,710 $            14,306 $            14,913 $            15,533 $            16,165 $            16,809 $            17,467 $            18,138 $            18,822 $            19,520 $            20,231 $            20,957 $            21,698 $            22,453 $            23,224 $            24,010 $            24,811 $          403,013
City Sanitation                                          2.9364      $           2,936 $             3,091 $                3,248 $             3,409 $             3,573 $             3,740 $             3,911 $             4,085 $             4,262 $             4,443 $             4,628 $             4,816 $             5,008 $             5,204 $             5,404 $             5,608 $             5,816 $             6,028 $             6,244 $             6,465 $             6,690 $             6,919 $             7,154 $             7,392 $          120,077
Hackley Library                                          2.3516      $           2,352 $             2,475 $                2,602 $             2,730 $             2,862 $             2,995 $             3,132 $             3,271 $             3,413 $             3,558 $             3,706 $             3,857 $             4,011 $             4,168 $             4,328 $             4,491 $             4,658 $             4,827 $             5,001 $             5,177 $             5,358 $             5,541 $             5,729 $             5,920 $              96,163
MPS Sinking                                              0.9712      $            971 $              1,022 $                1,074 $             1,128 $             1,182 $             1,237 $             1,294 $             1,351 $             1,410 $             1,470 $             1,531 $             1,593 $             1,656 $             1,721 $             1,787 $             1,855 $             1,924 $             1,994 $             2,065 $             2,138 $             2,213 $             2,289 $             2,366 $             2,445 $              39,715
                                 Local Total            29.7030      $          29,703   $          31,266   $             32,860   $          34,485   $          36,144   $          37,835   $          39,560   $          41,320   $          43,115   $          44,946   $          46,814   $          48,719   $          50,662   $          52,643   $          54,665   $          56,727   $          58,830   $          60,975   $          63,163   $          65,395   $          67,672   $          69,994   $          72,362   $          74,778   $      1,214,633


Non-Capturable Millages                          Millage Rate
Community College Debt                                    0.2700     $            135 $               142 $                    149 $             157 $               164 $               172 $               180 $               188 $               196 $               204 $               213 $               221 $               461 $               479 $               497 $               516 $               535 $               554 $               574 $               594 $               615 $               636 $               658 $               680 $                8,920
Hackley Debt                                             0.4999      $            250 $               263 $                    277 $             290 $               304 $               318 $               333 $               348 $               363 $               378 $               394 $               410 $               853 $               886 $               920 $               955 $               990 $              1,026 $             1,063 $             1,101 $             1,139 $             1,178 $             1,218 $             1,259 $              16,514
MPS Debt (2020 & 2021)                                   7.7500      $           3,875 $             4,079 $                4,287 $             4,499 $             4,715 $             4,936 $             5,161 $             5,391 $             5,625 $             5,864 $             6,107 $             6,356 $            13,218 $            13,736 $            14,263 $            14,801 $            15,350 $            15,909 $            16,480 $            17,063 $            17,657 $            18,263 $            18,880 $            19,511 $          256,024
                   Non-Capturable Total                  8.5199      $           4,260   $           4,484   $              4,713   $           4,946   $           5,184   $           5,426   $           5,674   $           5,926   $           6,184   $           6,446   $           6,714   $           6,987   $          14,532   $          15,100   $          15,680   $          16,271   $          16,875   $          17,490   $          18,118   $          18,758   $          19,411   $          20,077   $          20,756   $          21,449   $        281,458




        Total Tax Increment Revenue (TIR) Available for Capture $               12,000 $            12,631 $               13,275 $            27,864 $            29,204 $            68,406 $            71,525 $            74,707 $            77,952 $            81,263 $            84,639 $            88,083 $            91,596 $            95,179 $            98,834 $           102,562 $           106,365 $           110,243 $           114,199 $           118,234 $           122,350 $           126,549 $          130,831 $           135,199 $         1,993,692

NOTES:

Winter 2024 and Summer 2024 Millages




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                3/3/2025
                                                                                                                                                                                                                                                                               Table 3 – Estimated Reimbursement Schedule
                                                                                                                                                                                                                                                                                           Act 381 Brownfield Plan
                                                                                                                                                                                                                                                                                             221 W Webster, LLC
                                                                                                                                                                                                                                                                                            221 W Webster Street
                                                                                                                                                                                                                                                                                                Muskegon, MI
                                                          Developer
                                                                                                       School & Local
                                                           Maximum            Proportionality                              Local-Only Taxes           Total
                                                                                                           Taxes
                                                        Reimbursement                                                                                                                                                                                                                           Estimated Capture
                                                            State                 45.0%            $             172,656 $                -   $             172,656                                                               Estimated Total                                               Administrative Fees                           $         105,018
                                                                                                                                                                                                                                                           24
                                                            Local                 55.0%            $             106,844 $            559,000 $             665,844                                                                Years of Plan:                                               State Brownfield Redevelopment Fund           $          37,495
                                                           TOTAL                                                                                                                                                                                                                                Local Brownfield Revolving Fund               $         306,814
                                                         Local-Only               66.7%                                    $          559,000 $             559,000
                                                        Pre-Approved              33.3%            $             279,500   $              -   $             279,500

                                                                                     1                       2                    3                     4                  5                   6                   7                     8                  9                    10                      11                    12                  13                  14                  15                  16                  17                   18                  19                  20                   21                   22                   23                   24
                                                                                   2025                    2026                 2027                  2028                2029                2030                2031                 2032                2033                 2034                    2035                  2036                2037                2038                2039                2040                2041                 2042                2043                2044                 2045                 2046                 2047                 2048                TOTAL
Total State Incremental Revenue                                           $            24,000      $           25,263      $        26,551 $              27,864 $               29,204 $            30,571 $            31,965 $             33,387 $            34,837 $             36,317 $                       - $                 - $                 - $                 - $                 - $                 - $                  - $                 - $                 - $                  - $                  - $                  - $                  - $                 - $        299,957
OPRA (50%)                                                                $            12,000      $           12,631      $        13,275                                                                                                                                                                                                                                                                                                                                                                                                                                                       $         37,907
State Brownfield Redevelopment Fund (50% of SET)                          $             3,000      $            3,158      $         3,319 $                  3,483 $             3,651 $             3,821 $             3,996 $              4,173 $             4,355 $              4,540 $                       - $                 - $                 - $                 - $                 - $                 - $                  - $                 - $                 - $                  - $                  - $                  - $                  - $                 - $         37,495
State TIR Available for Reimbursement                                     $             9,000      $            9,473      $         9,956 $                 24,381 $            25,554 $            26,749 $            27,969 $             29,213 $            30,482 $             31,777 $                       - $                 - $                 - $                 - $                 - $                 - $                  - $                 - $                 - $                  - $                  - $                  - $                  - $                 - $        224,556

Total Local Incremental Revenue                                           $               29,703   $              31,266   $           32,860     $          34,485   $          36,144 $            37,835 $            39,560 $             41,320 $            43,115 $             44,946 $                46,814 $              48,719 $            50,662 $            52,643 $            54,665 $            56,727 $             58,830 $            60,975 $            63,163 $            65,395 $             67,672 $             69,994 $             72,362 $            74,778 $       1,214,633
OPRA (100%)                                                               $               29,703   $              31,266   $           32,860     $          34,485   $          36,144                                                                                                                                                                                                                                                                                                                                                                                                         $         164,457
BRA Administrative Fee (10%)                                              $                    -   $                   -   $                -     $               -   $               - $             3,784 $             3,956 $              4,132 $             4,312 $              4,495 $                 4,681 $               4,872 $            5,066 $              5,264 $             5,466 $             5,673 $              5,883 $             6,098 $             6,316 $             6,540 $              6,767 $              6,999 $              7,236 $             7,478 $         105,018
Local TIR Available for Reimbursement                                     $                    -   $                   -   $                -     $               -   $               - $            34,052 $            35,604 $             37,188 $            38,804 $             40,452 $                42,132 $              43,847 $           45,595 $             47,379 $            49,198 $            51,054 $             52,947 $            54,878 $            56,847 $            58,856 $             60,905 $             62,994 $             65,126 $            67,300 $         945,159

Total State & Local TIR Available                                         $                9,000   $               9,473   $            9,956     $          24,381   $          25,554   $          60,801   $          63,574   $           66,402   $          69,286   $           72,229   $              42,132     $          43,847   $         45,595    $          47,379   $          49,198   $          51,054   $           52,947   $          54,878   $          56,847   $          58,856    $          60,905    $          62,994    $          65,126    $         67,300    $    1,169,715
                                                          Beginning
DEVELOPER                                                  Balance
Reimbursement Balance                               $          838,500    $              829,500   $             820,027   $          810,070     $         785,689   $        760,135    $        699,334    $        635,761    $          569,359   $        520,196    $          479,745   $             437,612     $         393,765   $     348,170       $         300,791   $         251,592   $         200,538   $          147,591   $          92,714   $          35,867   $                - $                  - $                  - $                  - $                 - $               -




Pre-Approved Activities (EGLE/MEDC)         $                  279,500 $                 279,500   $             270,500   $          261,027     $         251,070   $        226,689    $        201,135    $        140,334    $           76,761   $          10,359   $                -   $                     -   $               -   $               -   $               -   $               -   $               -   $                -   $               -   $               -   $                -   $                -   $                -   $                -
   State Tax Reimbursement                  $                  172,656 $                   9,000   $               9,473   $            9,956     $          24,381   $         25,554    $         26,749    $         27,969    $           29,213   $          10,359   $                -   $                     -   $               -   $               -   $               -   $               -   $               -   $                -   $               -   $               -   $                -   $                -   $                -   $                -                       $      172,656
   Local Tax Reimbursement                  $                  106,844 $                       -   $                   -   $                -     $               -   $              -    $         34,052    $         35,604    $           37,188   $               -   $                -   $                     -   $               -   $               -   $               -   $               -   $               -   $                -   $               -   $               -   $                -   $                -   $                -   $                -                       $      106,844
   Total Pre-Approved Reimbursement Balance                            $                 270,500   $             261,027   $          251,070     $         226,689   $        201,135    $        140,334    $         76,761    $           10,359   $               -   $                -   $                     -   $               -   $               -   $               -   $               -   $               -   $                -   $               -   $               -   $                -   $                -   $                -   $                -

Local-Only Costs                                    $          559,000 $                 559,000 $               559,000 $            559,000 $             559,000 $          559,000 $           559,000 $           559,000 $             559,000 $          559,000 $             520,196 $               479,745 $             437,612 $           393,765 $           348,170 $           300,791 $           251,592 $            200,538 $           147,591 $            92,714 $            35,867 $                   - $                  - $                  - $                 - $               -
   Local Tax Reimbursement                          $          559,000 $                       - $                     - $                  - $                   - $                - $                 - $                 - $                   - $           38,804 $              40,452 $                42,132 $              43,847 $            45,595 $            47,379 $            49,198 $            51,054 $             52,947 $            54,878 $            56,847 $            35,867 $                   - $                  - $                  - $                 - $        559,000
   Total Local-Only Reimbursement Balance                              $                 559,000 $               559,000 $            559,000 $             559,000 $          559,000 $           559,000 $           559,000 $             559,000 $          520,196 $             479,745 $               437,612 $             393,765 $           348,170 $           300,791 $           251,592 $           200,538 $            147,591 $            92,714 $            35,867 $                  - $                  - $                  - $                  - $                 - $        559,000


Total Annual Developer Reimbursement                                      $                9,000 $                 9,473 $              9,956 $              24,381 $            25,554 $            60,801 $            63,574 $             66,402 $            49,163 $             40,452 $                42,132 $              43,847 $            45,595 $            47,379 $            49,198 $            51,054 $             52,947 $            54,878 $            56,847 $            35,867 $                   - $                  - $                  - $                 - $        838,500

LOCAL BROWNFIELD REVOLVING FUND
LBRF Deposits *                                                              $              - $                 - $                           -   $               -   $               -   $               -   $               -   $                -   $               -   $                -   $                     -   $               -   $               -   $               -   $               -   $               -   $                -   $               -   $               -   $                -   $                -   $                -   $                -   $               -   $      306,814
     State Tax Capture                               $            27,500 $                  - $                 - $                           -   $               -   $               -   $               -   $               -   $                -   $          20,124   $            7,376   $                     -   $               -   $               -   $               -   $               -   $               -   $                -   $               -   $               -   $               -    $               -    $               -    $               -    $              -    $       27,500
     Local Tax Capture                               $           279,314 $                  - $                 - $                           -   $               -   $               -   $               -   $               -   $                -   $               -   $                -   $                     -   $               -   $               -   $               -   $               -   $               -   $                -   $               -   $               -   $          22,989    $          60,905    $          62,994    $          65,126    $         67,300    $      279,314
     Total LBRF Capture                              $           306,814 $                  - $                 - $                           -   $               -   $               -   $               -   $               -   $                -   $               -   $                -   $                     -   $               -   $               -   $               -   $               -   $               -   $                -   $               -   $               -   $               -    $               -    $               -    $               -    $              -    $            -
 * Up to five years of capture for LBRF Deposits after eligible activities are reimbursed. May be taken from state and local TIR.




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       3/3/2025
Appendix 1
Page Intentionally Left Blank
    Resolutions Pending
Appendix 2
         Page Intentionally Left Blank
Development and Reimbursement Agreement Pending
Appendix 3
Page Intentionally Left Blank
      Notices Pending
Appendix 4
Page Intentionally Left Blank
      Notices Pending
Appendix 5
DDA Agenda Item V.A.


                      Muskegon Downtown Development Authority

                                 Agenda Item V.A. for 4-8-25
                       Shaw Walker Workplan 3, Barr Engineering Co.
Requesting Party: Barr Engineering Co.
Outline of Request: Approval of Proposal from Barr Engineering Co. for Professional
Environmental Engineering and Consulting Services for the Former Shaw Walker Furniture
Company Facility (Building 5).
Background: Barr Engineering Co. has submitted a proposal dated March 25, 2025, to provide
environmental engineering and consulting services for the redevelopment of Building 5 at the
Former Shaw Walker Furniture Company Facility. The proposed scope of work includes:
Preparation of Brownfield Work Plan 03: Approved by EGLE on March 12, 2025 (Budget:
$3,000).
Completion Report for Selective Demolition and Abatement: Summarizing work completed,
including documentation of waste disposal, air monitoring, and related compliance activities
(Budget: $7,600).
Project Management Support: Coordination of documentation and review of invoices, along
with regular meetings with contractors (Budget: $15,000).
Total Budget: $25,600 (Time and materials basis).
Approval of the proposal from Barr Engineering Co. for the completion of tasks associated with
Brownfield Work Plan 03 and related demolition and abatement activities.
Staff Comments:
City staff has reviewed the proposal and suggest approval.
Suggested Motion:
I move to approve the proposal submitted by Barr Engineering for the activities planned for
Work Plan 3 and authorize the board chair to sign.
                   DDA FINANCIAL FOR 03/31/2025




                                                                                           FY2024-25 BUDGET           FY TOTALS
Revenues                                     FY 2023-24 BUDGET        FY2023-24 ACTUAL         (updated)            MARCH 31, 2025
Tax Increment                                 $      481,207.00   $           481,207.00   $       504,000.00   $          516,659.00                                      2387.5   3rd street salt
Reimbursement - State                         $             -     $                  -     $              -     $                 -                                         10675   Summit Lawn Care
Event Revenue*                                $             -     $                  -     $              -     $                 -                                        484.74   Good Temps
Trans From Lakeside Bid                       $             -     $                  -     $              -     $              600.00                                         650   Summit Lawn Care
Interest Income                               $        1,450.00   $             1,867.28   $         1,300.00   $              966.07                                        1000   Miner Supply Salt
Fundraising Revenue                                                                                                                                                          1500   Miner Supply Salt
BID Income (or $50,000 levy)**               $              -     $             3,136.62   $              -     $                 -                                        216.54   Good Temps
Sponsorship                                  $              -     $                  -     $              -     $                 -                                         72.18   Good Temps
Former Mall Brownfield Income (GF)           $              -     $                  -     $              -     $                 -                                          60.5   Good Temps
Total                                        $       482,657.00   $           486,210.90   $       505,300.00   $          518,225.07                                       30.25   Good Temps
                                                                                                                                                                             2600   Summit Lawn Care
Expenses                                          FY 2022-23          FY2023-24 ACTUAL         FY 2024-25             FY 2024-25                                            48.12   Good Temps
Business Dev. Manager Wages                  $              -     $            76,358.74                        $           70,650.06                                      2387.5   Terrascape Architects Inc.
Trans to GF - Marketing, Events, Overhead    $              -                              $              -                                                                  6825   Summit Lawn Care
FICA (7.65%)                                 $              -     $             5,400.78   $              -     $            5,129.93                                      336.84   Good Temps
Workers Comp (2%)                            $              -     $               346.26   $              -     $              620.49                                        1960   Action Industrial (Salt)
Insurance                                    $              -     $            22,272.66   $              -     $           18,531.02                                      262.68   Good Temps
Residency Bonus (4%)                         $              -                              $              -                                                                419.75   Good Temps
Life Insurance (0.24%)                       $              -     $               315.58   $              -     $              273.75                                      290.88   Good Temps
401(k) (6%)                                  $              -     $             6,639.66   $              -     $            6,197.29                                      409.02   Good Temps
Total Salaries/Benefits                      $       124,986.00   $           111,333.68   $       116,124.69   $          101,402.54                                       48.12   Good Temps
Walkability Improvements                     $              -                              $              -                                                              32664.62
Streetscape/Wayfinding / Walkability         $        25,000.00   $            20,075.00   $        25,000.00   $           10,740.00
Public Art (Downtown Initiative)             $              -                              $              -
Landscaping                                  $        19,170.00   $            27,290.82   $        40,896.00   $           28,438.71                                               Barry's Greenhouse Removal of lights
Snow Removal                                 $        64,941.00   $            51,396.75   $        32,719.29   $           32,664.62                                       5000
Façade Program                               $        67,339.00   $            57,664.36   $       154,394.96   $           88,129.00
Downtown Park(s)****                         $         9,778.00   $               839.48   $         5,000.00   $            5,000.00                                               wowie
Marketing/Promotions                         $        12,000.00   $            13,882.20   $        14,000.00   $            9,652.17                                          45   wowie
Blight                                                                                     $        50,000.00                                                                  45   Earle Press
Office Space and Misc Operating              $         9,000.00   $               434.80   $         1,000.00   $            1,345.39                                         230   wowie
Total Recurring Costs                        $       207,228.00   $           171,583.41   $       323,010.25   $          175,969.89                                          45   Crisp Country Acres (hay bales)
Chalet                                       $              -     $                  -     $         2,400.00   $                 -                                          1300   Earle Press (Holidays in the City brochure)
Property Appraisal                           $              -     $                  -     $         5,000.00   $                 -                                       3634.26   Earle Press (Newsletter)
Morris Street Lot                            $              -                              $              -     $                 -                                       2365.74   wowie
Taste of Muskegon                            $              -                              $              -                                                                    45   Earle Press (Holidays in the City Reprint)
Lakeshore Art Festival                                                                     $              -                                                                907.69   Just Us Dvivine Health and Wellness (DDA Award)
Projects and Events                          $              -     $                  -     $         7,400.00   $                 -                                          1000   Name Cheap
County Debt Payments ($1M)                   $              -     $                  -     $              -                                                                 34.48
Mercy Health Arena HVAC/Roof*******          $       130,000.00   $           130,000.00   $       130,000.00   $                 -
Other Debt Payments (smartzone)              $              -                              $              -     $                 -                                       9652.17
Total Debt Payments                          $       130,000.00   $           130,000.00   $       130,000.00   $                 -
Total Expenses                               $       462,214.00   $           412,917.09   $       576,534.94   $          277,372.43

Net Rev/Expenses                              $       20,443.00   $            73,293.81   $        (71,234.94) $          240,852.64

Fund Balance at Beginning of Year                                 $           231,880.35                        $          305,174.16

Fund Balance at End of Year                                       $           305,174.16                        $          546,026.80




                                                                              \\muskdata\data\Planning\COMMON\DDA - BRA\DDA-BRA 2025\040825 DDA-BRA\DDA\DDA March 2025
                   DDA FINANCIAL FOR 03/31/2025




                                                                                                  FY2024-25 BUDGET           FY TOTALS
Revenues                                       FY 2023-24 BUDGET      FY2023-24 ACTUAL                (updated)            MARCH 31, 2025
Tax Increment                                   $      481,207.00   $         481,207.00      $           504,000.00   $          516,659.00
Reimbursement - State                           $             -     $                 -       $                  -     $                 -
Event Revenue*                                  $             -     $                 -       $                  -     $                 -
Trans From Lakeside Bid                         $             -     $                 -       $                  -     $              600.00
Interest Income                                 $        1,450.00   $            1,867.28     $             1,300.00   $              966.07
Fundraising Revenue
BID Income (or $50,000 levy)**                  $             -     $             3,136.62    $                  -     $                 -
Sponsorship                                     $             -     $                  -      $                  -     $                 -
Former Mall Brownfield Income (GF)              $             -     $                  -      $                  -     $                 -
Total                                           $      482,657.00   $           486,210.90    $           505,300.00   $          518,225.07

Expenses                                            FY 2022-23          FY2023-24 ACTUAL             FY 2024-25              FY 2024-25
Business Dev. Manager Wages                     $             -     $             76,358.74                            $           70,650.06
Trans to GF - Marketing, Events, Overhead       $             -                               $                  -
FICA (7.65%)                                    $             -     $              5,400.78   $                  -     $            5,129.93
Workers Comp (2%)                               $             -     $                346.26   $                  -     $              620.49
Insurance                                       $             -     $             22,272.66   $                  -     $           18,531.02
Residency Bonus (4%)                            $             -                               $                  -
Life Insurance (0.24%)                          $             -     $               315.58    $                  -     $              273.75
401(k) (6%)                                     $             -     $             6,639.66    $                  -     $            6,197.29
Total Salaries/Benefits                         $      124,986.00   $           111,333.68    $           116,124.69   $          101,402.54
Walkability Improvements                        $             -                               $                  -
Streetscape/Wayfinding / Walkability            $       25,000.00   $             20,075.00   $            25,000.00   $           10,740.00
Public Art (Downtown Initiative)                $             -                               $                  -
Landscaping                                     $       19,170.00   $             27,290.82   $            40,896.00   $           28,438.71
Snow Removal                                    $       64,941.00   $             51,396.75   $            32,719.29   $           32,664.62
Façade Program                                  $       67,339.00   $             57,664.36   $           154,394.96   $           88,129.00
Downtown Park(s)****                            $        9,778.00   $                839.48   $             5,000.00   $            5,000.00
Marketing/Promotions                            $       12,000.00   $             13,882.20   $            14,000.00   $            9,652.17
Blight                                                                                        $            50,000.00
Office Space and Misc Operating                 $        9,000.00   $               434.80    $             1,000.00   $            1,345.39
Total Recurring Costs                           $      207,228.00   $           171,583.41    $           323,010.25   $          175,969.89
Chalet                                          $             -     $                  -      $             2,400.00   $                 -
Property Appraisal                              $             -     $                  -      $             5,000.00   $                 -
Morris Street Lot                               $             -                               $                  -     $                 -
Taste of Muskegon                               $             -                               $                  -
Lakeshore Art Festival                                                                        $                  -
Projects and Events                             $             -     $                  -      $             7,400.00   $                 -
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                                  $      462,214.00   $           412,917.09    $           576,534.94   $          277,372.43

Net Rev/Expenses                                $       20,443.00   $            73,293.81    $           (71,234.94) $           240,852.64

Fund Balance at Beginning of Year                                   $           231,880.35                             $          305,174.16

Fund Balance at End of Year                                         $           305,174.16                             $          546,026.80




                                       O:\Planning\COMMON\DDA - BRA\DDA-BRA 2025\040825 DDA-BRA\DDA\DDA March 2025
                 TOTAL FINANCIAL FOR 03/31/2025




                                                                                                                              FY TOTALS
Revenues                                            FY 2023-24 BUDGET     FY2023-24 ACTUAL        FY2024-25 BUDGET          MARCH 31, 2025
Tax Increment                                       $      481,207.00   $         481,207.00      $        504,000.00   $          516,659.00
Reimbursement - State                               $             -     $                 -       $               -     $                 -
Event Revenue*                                      $       94,000.00   $         100,420.94      $        200,000.00   $           23,311.06
Trans From Capital Projects Fund                    $             -     $                 -       $               -     $              600.00
Interest Income                                     $        1,450.00   $            2,096.73     $          1,300.00   $              966.07
Fundraising Revenue**                               $             -     $                 -       $         15,000.00   $                 -
BID Income (or $50,000 levy)**                      $             -     $            3,136.62     $               -     $                 -
Sponsorship                                         $      297,750.00   $         316,389.25      $         42,000.00   $           18,500.00
Former Mall Brownfield Income (GF)                  $             -     $                 -       $               -     $                 -
Total                                               $      874,407.00   $         903,250.54      $        762,300.00   $          560,036.13

Expenses                                                FY 2023-24          FY2023-24 ACTUAL          FY 2024-25              FY 2024-25
Business Dev. Manager Wages                         $             -     $             76,358.74   $               -     $           70,650.06
Trans to GF - Marketing, Events, Overhead           $             -     $                   -     $               -     $                  -
FICA (7.65%)                                        $             -     $              5,400.78   $               -     $             5,129.93
Workers Comp (2%)                                   $             -     $                346.26   $               -     $               620.49
Insurance                                           $             -     $             22,272.66   $               -     $           18,531.02
Residency Bonus (4%)                                $             -     $                   -     $               -     $                  -
Life Insurance (0.24%)                              $             -     $                315.58   $               -     $               273.75
401(k) (6%)                                         $             -     $              6,639.66   $               -     $             6,197.29
Total Salaries/Benefits                             $      124,986.00   $           111,333.68    $        116,124.69   $          101,402.54
BID Expenses                                        $             -     $                   -     $               -     $                  -
Streetscape/Wayfinding / Walkability                $       25,000.00   $             20,075.00   $         25,000.00   $           10,740.00
Public Art (Downtown Initiative)                    $             -     $                   -     $               -     $                  -
Landscaping                                         $       19,170.00   $           103,363.82    $         40,896.00   $           28,438.71
Snow Removal                                        $       64,941.00   $             77,358.60   $         32,719.29   $           32,664.62
Façade Program                                      $       67,339.00   $             57,664.36   $        154,394.96   $           88,129.00
Downtown Park(s)****                                $        9,778.00   $                839.48   $          5,000.00   $             5,000.00
Marketing/Promotions                                $       12,000.00   $             13,882.20   $         14,000.00   $             9,652.17
Blight                                              $             -     $                   -     $         50,000.00   $                  -
Office Space and Misc Operating                     $        9,000.00   $                434.80   $          1,000.00   $             1,345.39
Total Recurring Costs                               $      207,228.00   $           273,618.26    $        323,010.25   $          175,969.89
Chalet                                              $             -     $                   -     $          2,400.00   $                  -
Property Appraisal                                  $             -     $                   -     $          5,000.00   $                  -
Miscellaneous Events(Cookie Crawl, Letters to San   $        6,800.00   $              6,398.18   $         21,000.00   $           17,893.58
Taste of Muskegon                                   $      214,700.00   $           232,114.05    $         90,000.00   $           25,115.20
Lakeshore Art Festival                              $      161,254.00   $             99,349.94   $        160,000.00   $           19,213.41
Projects and Events                                 $      382,754.00   $           337,862.17    $        278,400.00   $           62,222.19
County Debt Payments ($1M)                          $             -     $              3,136.62   $               -     $                  -
Mercy Health Arena HVAC/Roof*******                 $      130,000.00   $           130,000.00    $        130,000.00   $                  -
Farmers Market Transfer                             $       95,000.00   $             92,651.20   $         30,000.00   $             1,023.00
Total Debt Payments                                 $      225,000.00   $           225,787.82    $        160,000.00   $             1,023.00
Total Expenses                                      $      939,968.00   $           948,601.93    $        877,534.94   $          340,617.62

Net Rev/Expenses                                    $      (65,561.00) $             (45,351.39) $        (115,234.94) $           219,418.51

Fund Balance at Beginning of Year                                       $           506,337.51                          $          460,986.12

Fund Balance at End of Year                                             $           460,986.12                          $          680,404.63




                           O:\Planning\COMMON\DDA - BRA\DDA-BRA 2025\040825 DDA-BRA\DDA\DDA March 2025
DDA Agenda Item V.C.


                      Muskegon Downtown Development Authority

                                  Agenda Item V.C. for 4-8-25
                        Brownfield Plan Amendment, 351 Phase II, LLC
                           351 West Western Avenue, Muskegon, MI
Requesting Party: City Staff
Outline of Request: City staff is requesting a budget reforecast to account for an increase in
your tax increment revenue.
Background: The original budget includes a tax increment revenue of $500,000. This number
will need to be amended in order to include the increased amount of $516,659.

Staff Comments: N/A
Suggested Motion: I move to approve the budget reforecast to include the increased tax
increment amount of $516,659.

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