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Agenda Item Review Form Muskegon City Commission Commission Meeting Date: August 13, 2024 Title: Request for the Establishment of a Commercial Rehabilitation District, 349 W. Webster, LLC, 349 W. Webster Ave. Submitted by: Contessa Alexander, Development | Department: Economic Development Analyst Brief Summary: Pursuant to Public Act 210 of 2005, as amended, 349 W. Webster, LLC is requesting the establishment of a Commercial Rehabilitation District (PA 210) at 349 W. Webster Ave: to support further development at 349 W. Webster Ave. Detailed Summary & Background: The developer is requesting the establishment of a Commercial Rehabilitation District (PA 210) at 349 W. Webster Ave. The creation of the district will allow the building owner to apply for a Commercial Rehabilitation Certificate, which will freeze the taxable value of the building and exempt the new real property investment from local taxes. The project involves renovating the former Muskegon Public Schools administrative offices to accommodate mixed uses, short term rentals, lodging, retail, and office spaces. The renovation will preserve key historic componenis while repairing the exterior facade. The total capital investment is over $11 million, and the project is expected to create 5 new jobs and 100 construction jobs during rehabilitation. Goal/Focus Area/Action Item Addressed: Key Focus Areas: Create an environment that effectively attracts new residents and retains existing residents by filling existing employment gaps, attracting new and diverse businesses to the city, and expanding access to a variety of high-quality housing options in Muskegon. Goal/Action Item: 2027 Goal 2: Economic Development Housing and Business Amount Requested: Budgeted Item: N/A Yes No N/A X Fund(s) or Account(s): Budget Amendment Needed: N/A Yes No N/A |X Recommended Motion: | move to close the public hearing and approve the attached resolution establishing a Commercial Rehabilitation District at 349 W. Webster Ave. and authorize the City Clerk and Mayor fo sign. Resolution No. 2024-75 (B) MUSKEGON CITY COMMISSION RESOLUTION APPROVING THE CREATION OF A COMMERCIAL REHABILITATION DISTRICT 349 West Webster Ave. WHEREAS, City staff has requested to establish a Commercial Rehabilitation District at 349 West Webster Ave.; 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 August 13, 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 349 West Webster Ave. on the following described parcel of real property CITY OF MUSKEGON REVISED PLAT OF 1903 ENTIRE BLOCK 335 Adopted this 13th Day of August 2024. Ayes: Keener, German, Gorman, Kochin, St.Clair, Johnson, and Kilgo Nays: None Absent: None BY: Ol LeAnne Ken Johnson Mayor ames You 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 August 13, 2024. Qa deaed> Ann Meisch Clerk
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