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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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