Approved Agreements and Contracts 2025/06/24 Workforce Housing Restrictive Covenant 280 Allen & 305 Amity

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                                                                             hO0AS-SO (I)


                                              CITY OF


                                =~”@ MUSKEGON

                          Agenda Item Review Form
                         Muskegon City Commission

Commission Meeting Date: June 24, 2025              Title: Workforce Housing Restrictive Covenant,
                                                    280 Allen and 305 Amity Duplex/ADU Project

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


Brief Summary:
Joe and Jennifer Helm, represented by builder Derek Sjaarda, is requesting a housing tax exemption
for the new construction infill of duplexes and ADU's on 2 lots in the Angell neighborhood.

Detailed Summary & Background:
Mr. Sjaarda has been working with Development Services Staff and leadership in order to facilitate
new construction rental and housing in the city of Muskegon. These proposed lots will be utilized for
two 2 story duplexes with an accessory dwelling unit behind each for a total of 6 housing units. Mr.
Sjaarda is proposing that all units be subject to the proposed PILOT, which will reserve them for only
households under 120% of the Area Median Income (AMI) for Muskegon County. The duplex units are
3 bedroom, 2 bathroom and the ADU's are 1 bedroom, | bathroom. The units at 370 Allen are
potentially to be used for a partnership with Goodwill Industries to provide housing to returning
citizens that have completed their independent living course and have full time employment.

This restrictive covenant establishes the terms by which the city has agreed to authorize a PILOT as
opposed to ad valorem property taxes for these parcels. It is to be attached to an affidavit the
developer must submit to MSHDA to prove they have local approval for the project and to their
commitment to reserving these units for households within the MSHDA income thresholds.

Goal/Focus Area/Action Item Addressed:


Key Focus Areas:
Diverse housing types
Retain youth within the city




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

Amount Requested:                                    Budgeted Item:
NA                                                    Yes           No           N/A | |
Fund(s) or Accouni(s):                               Budget Amendment Needed:
NA                                                    Yes           No           N/A | |
                              WORKFORCE HOUSING RESTRICTIVE COVENANT
                                                              -   2025-50(1)


                   This Workforce Housing Restrictive Covenant (“Restrictive Covenant”) is made by and between
           the City of Muskegon, Michigan (“Municipality”) and Helms Group, LLC, a Michigan limited liability
           company, presently of Holland MI 49424 (the “Sponsor”) as of June 24th, 2025.

                                                          RECITALS:


                   A.       Sponsor is the owner of certain real property located in the City of Muskegon, County
            of Muskegon, State of Michigan, and more particularly described on the attached Exhibit A (the
            “Property”), which is attached hereto and incorporated by reference into this Agreement.

                   B.      Sponsor has offered to provide Six. “Workforce housing” units as defined by MCL
            125.1415a(10)(d) on the Property (the “Project”) and has applied to Municipality for a workforce housing
            exemption from ad valorem property taxes under Section 15a of the State Housing Development Authority
            Act, being Public Act 346 of 1966, as amended (the “Act”).

                     G.      In consideration of Sponsor’s offer to undertake the Project, Municipality has agreed to
            exempt the Property from all ad valorem property taxes imposed by any taxing jurisdiction and to accept
            in lieu thereof payment of an annual service charge for a period of 15-years as provided by Chapter 82 of
            the City Code of Ordinances, as amended (the “Ordinance”).

                    D.       Upon completion of the Project, the annual service charge paid in lieu of all ad valorem
            property taxes shall be equal to ten percent (10%) of the annual shelter rents collected from the Project and
            shall be paid as provided in the Ordinance.

                    E.       Sponsor and Municipality agree that the economic feasibility of the Project depends upon
            the continuing effect of the annual service charge in lieu of all ad valorem taxes approved by Municipality
            for the 15-year exemption period.

                    F.       Accordingly, upon recording with the Muskegon County Register of Deeds, this Restrictive
             Covenant will restrict use of the Property to Workforce housing for the 15-year exemption period.

                     NOW, THEREFORE, in consideration of Municipality’s acceptance of payment of the annual
             service charge in lieu of all ad valorem property taxes and Sponsor’s commitment to construct or rehabilitate
             the Project, Sponsor and Municipality hereby covenant as follows:

                     1.      Recitals. The above recitals are acknowledged as true and correct and are incorporated by
             reference into this paragraph.

                                                                                                         rie DH
                                                                                                         \nitial *          !


—   TORRECTED
                          WORKFORCE HOUSING RESTRICTIVE COVENANT
                                                         — 2025-50(1)


              This Workforce Housing Restrictive Covenant (“Restrictive Covenant”) is made by and between
                                                                                                   liability
      the City of Muskegon, Michigan (“Municipality”): and Helms Group, LLC, a Michigan limited
       company, presently of Holland MI 49424 (the “Sponsor”) as of June 24th, 2025,
                                                      RECITALS:


               A.      Sponsor is the owner of certain real property located in the City of Muskegon, County
       of Muskegon, State of Michigan, and more particularly described on the attached Exhibit A (the
                                                                                   nt.
       “Property”), which is attached hereto and incorporated by reference into this Agreeme
               B.       Sponsor has offered to provide nine “Workforce housing” units as defined by MCL
       125.1415a(10)(d) on the Property (the “Project”) and has applied to Municipality for a workforce housing
       exemption from ad valorem property taxes under Section 15a of the State Housing  Development Authority
       Act, being Public Act 346 of 1966, as amended (the “Act”).

              C.      In consideration of Sponsor’s offer to undertake the Project, Municipality has agreed to
       exempt the Property from all ad valorem property taxes imposed by any taxing jurisdiction and to accept
                                                                                                         82 of
       in lieu thereof payment of an annual service charge for a period of 15-years as provided by Chapter
       the City Code of Ordinances, as amended (the “Ordinance”).

                D.      Upon completion of the Project, the annual service charge paid in lieu of all ad valorem
        property taxes shall be equal to ten percent (10%) of the annual shelter rents collected from the Project and
        shall be paid as provided in the Ordinance.

                E.      Sponsor and Municipality agree that the economic feasibility of the Project depends upon
        the continuing effect of the annual service charge in lieu of all ad valorem taxes approved by Municipality
        for the 15-year exemption period.

               F,       Accordingly, upon recording with the Muskegon County Register of Deeds, this Restrictive
        Covenant will restrict use of the Property to Workforce housing for the 15-year exemption period.
               NOW, THEREFORE, in consideration of Municipality’s acceptance of payment of the annual
        service charge in lieu of all ad valorem property taxes and Sponsor’s commitment to construct or rehabilitate
        the Project, Sponsor and Municipality hereby covenant as follows:

                 1.      Recitals. The above recitals are acknowledged as true and correct and are incorporated by
        reference into this paragraph.




ORIGIN AH
        2.          Definitions. All words and phrases used in this Restrictive Covenant have the same
meaning as defined in the Act or the Ordinance.

        3.       Workforce Housing Covenant. The Project will, upon completion of the propose                d
                                                                              for
construction or rehabilitation, constitute workforce housing for householdspublishpersons  and families whose
household income is not greater   than  120%  of the area median  income,  as        ed by the Michigan State
Housing Development Authority (“the Authority) for Muskegon County,a continu  adjusted for family size. All of
the housing units in the Project will be rented, or available for rental, on          ous basis to members of
the general public throughout the term of this Restrictive Covenant.

        4,      Term of Exemption. The exemption from ad valorem property taxes approve                   d by
                                                                                                 of the Project
Municipality shall remain in effect in accordance with this Restrictive Covenant restricting use the Project is
to workforce housing for a period of 15-years, ending on December 31, 2040, or so long as
used as workforce housing, whichever is less.

          5.       No Violation. Sponsor agrees that it will not knowingly take or permit any action          that
 would result in a violation of the requirements of this Restrictive Covenant oragrees the Ordinan  ce,  which   is
 incorporated herein as if a part of this Restrictive Covenant. Further, Sponsor            to take any required
 action, including the amendment of this Restrictive Covenant, as may be necessar     y, in the determination of
 the Municipality or of the Authority, to comply with the Ordinan      ce. If Municip ality  determines that the
                                                                                   and  Sponsor
 Project is not in compliance with the requirements of this Restrictive Covenant,non-compliance  , after receiving
 written notice of the non-compliance from Municipality, does not correct such ry to enforce thewithin       thirty
 (30) days, Municipality shall be entitled to take such actions as it deems necessa                    provisions
 of this Restrictive Covenant.

             6.    Sponsor to Demonstrate Compliance. Sponsor will provide Municipality with such
 certifications, reports and other information as are required by Municiptyality to demonstrate compliance
 with the Ordinance. Sponsor will provide Municipality and Authori with an annual verification of
  compliance with this Restrictive Covenant, in a form specified by the Authority.
         7.      Transfer of Ownership. Sponsor will, prior to a sale or other voluntaenter  ry transfer of
                                                                                    and will      into any
  ownership of the Project or any part thereof, notify Municipality in writing, ensure such purchas
  agreements with the purchaser or transferee as may be prescribed by Municipality to                  er's
  or transferee's compliance with this Restrictive Covenant and Michigan law.
         8.     Enforceability. This Restrictive Covenant is enforceable in any court in the State          of
  Michigan having jurisdiction thereof, by Municipality, and to the extent require d by the Ordinan ce, by any
  individuals who are tenants of the Project.

           9.      Covenant Running with the Land; Binding Effect. The foregoing covenan              t shall
  constitute and be enforced as a covenant running with the land under Michiga n law and shall  be binding  on
  all successors or assigns of Sponsor or Municipality and any future owner or operator of the Project for the
  full 15-year exemption period.


              10.                                                                                               nt
                       Miscellaneous. In the event of any conflict between the terms of this Restrictive Covenaive
                                                                            shall prevail. This Restrict
   and the requirements of the Ordinance the requirements of the OrdinanceSponsor
   Covenant may only be amended or terminated by a writing signed by both not affect and Municipality. The
   invalidity of any clause or provision of this Restrictive Covenant shall             the validity of the
   remaining portions thereof.
IN WITNESS WHEREOE, is this Covenant is effective as of December Ist, 2025.

                             [Signature Pages Follow]
                                           CITY OF MUSKEGON




                                           By: Nar a          /
                                           its: Kenneth Johnson, Mayor

STATE OF MICHIGAN            )
             :               ) ss
COUNTY OF MUSKEGON_ )

       The foregoing instrument was acknowledged before me this day of June 24", 2025 by Kenneth
Johnson, as Mayor of the City of Muskegon, a municipal corporation of the State of Michigan.

                                           Cerada.    bbe.
                                               S. /otter
                                             Zind
                                              Ste




                                            Notary Public,              7___County, MI
                                            My Commis  sion  Expires ! 7-25- 2030
                                            Acting in 77Zy. Ke   gan      County, MI
                                                      SPONSOR
                                                      Helms Group, LLC




                                                      we CAoe (M2
                                                      «Wa
                                                      Its be Helms
    STATE OF          MICHIGAN _ )
                                          ss
     COUNTY OF MUSKEGON _ )

     The peein,piven was acknowledged before me this 4 day of                                       , by
                                      as the manager/authorized member of Helms Group, a Michigan limited
     liability company, onbehalf of said Company.
                                  2




          EMILY MARTINEZ
NOTARY PUBLIC- STATE OF MICHIGAN
                                                       Notary Public, gteeie   tony
                                                                              121   |
                                                                                  "30
                                                                                      yt
                                                                                      wo
        COUNTY OF OTTAWA                               My Commission Expires:
My Commission Expires December 30, 2030                            @4flarsee—    County, MI
 Acting in the County of ONAAKA,_
                                                       Actingin_




     DRAFTED BY:




      WHEN RECORDED RETURN TO:
                                   EXHIBIT A


                           Legal Description of Property


Legal Description: CITY OF MUSKEGON REVISED PLAT OF 1903 WEST 49.5 FEET
LOT 9 BLOCK 210
Address: 280 ALLEN AVE, MUSKEGON, MI 49442
Parcel #: 61-24-205-210-0009-01




Legal Description: CITY OF MUSKEGON REVISED PLAT 1903 LOT 3 BLK 210
Address: 305 AMITY AVE, MUSKEGON, MI 49442
Parcel #: 61- 24-205-210-0003-00

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