Approved Agreements and Contracts 2024/05/14 Commercial Rehabilitation District, West Urban Properties 1095 Third

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                           Agenda Item Review Form
                          Muskegon City Commission

Commission Meeting Date: May 14, 2024                Title: Request to Establish a Commercial
                                                     Rehabilitation District, West Urban Properties,
                                                     1095 Third St.


Submitted by: Jake Eckholm, Development              Department: Economic Development
Services Director


Brief Summary:
Staff is requesting consideration for the establishment of a Commercial Rehabilitation District (PA 210)
to support further development at 1095 Third Street by West Urban Properties.

Detailed Summary & Background:
Last year, West Urban Properties was granted an option to redevelop a city-owned property into a
mixed-use apartment project with attached townhomes on Houston Street. City staff have been
actively collaborating with them on securing a grant to conduct environmental due diligence,
finalizing a purchase and development agreement, and exploring appropriate tax incentives to
support the financial viability of the project.


We are now nearing the finalization of the project terms and are requesting the commission's
consideration in establishing a PA 210 District to further facilitate this development.

Goal/Focus Area/Action Item Addressed:


Key Focus Areas:



Goal/Action Item:
2027 Goal 2: Economic Development Housing and Business

Amount Requested:                                     Budgeted Item:
N/A                                                   Yes             No           N/A a
Fund(s) or Account(s):                                Budget Amendment Needed:
N/A                                                   Yes             No           N/A | |
Recommended Motion:
| move to approve/deny the establishment of a Commercial Rehabilitation District at 1095 Third St.

Approvals:                                            Guest(s) Invited / Presenting:
 Immediate Division
 Head                                                  No
 Information
                                        Resolution No. 2024-46(A)

                                     MUSKEGON CITY COMMISSION


        RESOLUTION APPROVING THE CREATION OF A COMMERCIAL REHABILITATION DISTRICT
                                              1095 Third St.



WHEREAS, City staff has requested to establish a Commercial Rehabilitation District at 1095 Third St.; and

WHEREAS, the creation of this district is calculated to and will have the reasonable likelihood to retain,
create, or prevent the loss of employment in Muskegon, Michigan; and

WHEREAS, the building at this location is at least 15 years old and is located in a downtown district; and

WHEREAS, a Public Hearing was held on May 14, 2024, at which the applicant, the assessor and
representatives of the affected taxing units were given written notice and were afforded an opportunity
to be heard;

NOW, THEREFORE, BE IT RESOLVED, the City Commission of Muskegon does hereby establish a
“Commercial Rehabilitation District” for the property at 1095 Third St. on the following described parcel
of real property

   CITY OF MUSKEGON REVISED PLAT OF 1903 LOT 9 EX W 15 FT TH’OF LOT 10 11 12 ALL LOT 13 EXA
     TRI PIECE IN SE COR SD LOT COMM AT SE COR TH N 3.85 FT TH SWLY TO A PT ON THE SELY LN
                           LOT 13 3.85 FT
                                        W OF POBTH 3.85 FT TO POB BLK 350


Adopted this 14" day of May, 2024.

Ayes: Keener, German, Gorman, Kochin, St.Clair, Johnson, and Kilgo


Nays: None


Absent: None




                                                                 “Ken Johnsdén
                                                                    Mayor




                                                     ems Ye                              at'®
                                                                    Ann Meisch
                                                                    Clerk
                                               CERTIFICATION


| hereby certify that the foregoing constitutes a true and complete copy of a resolution adopted by the Muskegon
City Commission, County of Muskegon, Michigan, at a regular meeting held on May 14, 2024.




                                                        awe
                                                          dsAnn Meisch
                                                            Clerk

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