View the PDF version Google Docs PDF Viewer
CITY OF MUSKEGON DOWNTOWN DEVELOPMENT AUTHORITY (DDA) / BROWNFIELD REDEVELOPMENT AUTHORITY (BRA) REGULAR MEETING MINUTES May 14, 2024 Co-Chairperson B. Hastings called the meeting to order at 10:31 AM and roll was taken. I. Roll Call: Present: B. Tarrant, K. Reid, H. Sytsema, B. Hastings, J. Seyferth, K. Thornton, A. Boyd, Absent: M. Bottomley, J. Wallace, D. Pollock, M. Kleaveland, S. Black, J. Moore, II. Approval of the meeting minutes of April 9, 2024- A motion to approve the April, 2024 minutes was made by B. Tarrant and supported by J. Seyferth. All in Favor III. Public comments on agenda items – None IV. BRA agenda items – Contessa Alexander A. Assumption and Consumption of Brownfield Plan Agreement, Trilogy Real Estate Muskegon, LLC -60 Viridian Drive - Background: Trilogy is a 63,000 sq. ft. multi-story senior housing building situated at 60 Viridian Drive, formerly the Continental Motor Industrial site with a history of industrial use. This development is part of the broader Harbor 31 project spanning 31 acres, which encompasses various residential components including single-family homes (Viridian Shores, The Meadows), apartments (Boardwalk Place, Harbor 31 Commons), a marina, office space, and a hotel. J. Seyferth made a motion to approve the Assignment of Assumption of the Brownfield Plan Agreement from Ryerson Creek Co. LLC, to Trilogy Real Estate Management Muskegon LLC. Supported by B. Tarrant Roll Call: Yays: B. Tarrant, K. Reid, H. Sytsema, A. Boyd, B. Hastings, K. Thornton, J. Seyferth Nays: None B. Brownfield Development & Reimbursement Agreement, Trilogy Real Estate Muskegon, LLC, and the City of Muskegon, 60 Viridian Drive. Background: The 5-acre property was formerly the site of the Continental Motors industrial facility, featuring a 63,000 square foot, multi-story, 118-unit senior living building with surrounding asphalt parking areas, concrete walkways, and landscaping. Construction has been completed, and the building will open to residents this year. B. Tarrant made a motion to approve the Brownfield Development and Reimbursement Agreement for Trilogy Real Estate Muskegon, LLC. Supported by K. Reid. Roll Call: Yays: B. Tarrant, K. Reid, H. Sytsema, A. Boyd, B. Hastings, K. Thornton, J. Seyferth Nays: None V. DDA agenda items- Contessa Alexander A. DDA Financial Report April 30, 2024 There has been a recent update to the DDA financials since your April meeting. The change involves an increase in revenue posted, totaling $481,207. Additionally, the posting of $130,000 for the city bond payments for the arena has not yet been completed. The events budget is in a strong position as we approach the Taste of Muskegon and Lakeshore Art Festival season, with an increased fund balance of $200,793.92 k. Reid made a motion to accept the April 30, 2024 DDA and events financial statements. J. Seyferth supported. Roll Call: Yays: B. Tarrant, K. Reid, H. Sytsema, A. Boyd, B. Hastings, K. Thornton, J. Seyferth Nays: None B. EGLE Grant Discussion Parkland Properties-Discussion Only Background: Parkland Properties of Michigan is collaborating with city staff to develop a project proposal aimed at securing an EGLE Brownfield Grant for the former Shaw Walker Furniture Company site. The proposed grant amount is $3 million under the EGLE Brownfield Redevelopment Program. Notably, the Downtown Development Authority (DDA) successfully secured a $1 million EGLE loan last year for this project. City staff recommend that the DDA, as the applicant, also apply for this grant. The grant funds will support the following activities: • Implementation of vapor mitigation systems for the existing building • Monitoring and reporting on vapor mitigation system performance • Asbestos and hazardous materials abatement • Consultant oversight and reporting This project aims to transform approximately 630,000 square feet of deteriorated industrial space into a vibrant mixed-use development. It is anticipated to generate over $120 million in tax revenue over a 20-year period from property and income taxes. C. Budget Amendment FY 2023-2024 Background: Due to a state grant awarded for the Lakeshore Art Festival, there has been an increase in the events budget by $12,750 H. Sytsema motioned to approve the amended budget, including the additional state grant of $12,750. Supported by B. Tarrant. Roll Call: Yays: B. Tarrant, K. Reid, H. Sytsema, A. Boyd, B. Hastings, K. Thornton, J. Seyferth Nays: None D. Social District Budget Presentation – Deborah Santiago-Sweet Background: During the previous meeting, there was discussion about the DDA potentially covering the costs associated with trash cleanup and staff for the social district. The current state of the social district budget is facing depletion and requires additional funding. Further discussions with business owners on various options on cups and cleanup. Bob Tarrant made a motion to approve the allocation of funds for social district cleanup and staff as requested by city staff. Supported by K. Reid Roll Call: Yays: B. Tarrant, K. Reid, H. Sytsema, A. Boyd, B. Hastings, K. Thornton, J. Seyferth Nays: None E. Taste of Muskegon and Lakeshore Art Festival-Kyle Karczewski updated the board about the possibility of handing off the responsibilities of these two events so Parks & Recreation can focus more on community engagement opportunities like youth programs and holiday events. Event Lab is requesting $25,000 for each event as starter funds. Currently in discussion with City Commission for next year’s budget. This is discussion only F. Budget Discussion FY2024-25 – Discussion Only. Contessa shared summary draft budget FY2024-25. G. Approval of DDA Façade Grant Application Update for FY 2024-25 – Background: The DDA, during its March meeting, approved changes to the Façade Grant Program and reached a consensus to increase the grant amount to $25,000. During the meeting in April the board directed staff to include additions to this application. K. Reid made the motion to approve the updated Façade Grant Program for the 2024-25 fiscal year. Supported by B. Tarrant Roll Call: Yays: B. Tarrant, K. Reid, H. Sytsema, A. Boyd, B. Hastings, K. Thornton, J. Seyferth Nays: None VI. Adjournment at 11:42 AM
Sign up for City of Muskegon Emails