Approved Agreements and Contracts 2026/01/27 Issue Commercial Facilities Exemption Certificate 1937 Lakeshore

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                                                                           AAG -O6 (8)

                                               CITY OF


                                 m= ~”@ MUSKEGON

                           Agenda Item Review Form
                           Muskegon City Commission

Commission Meeting Date: January 27, 2026             Title: Issuance of a Commercial Facilities
                                                      Exemption Certificate - 1937 Lakeshore Dr,
                                                      Lakeside Development Properties, LLC


Submitted by: Isabela Gonzalez, Development           Department: Economic Development
Analyst


Brief Summary:
Pursuant to Public Act 255 of 1978, as amended, Lakeside Development Properties, LLC has
requested the issuance of a Commercial Facilities Exemption Certificate. The certificate will freeze
the taxable value of the building and exempt new real property investment from local taxes.

Detailed Summary & Background:
Lakeside Development Properties, LLC plans to rehabilitate the 17,586 sq ft former Harbor Theater into
a mixed-use develooment, beginning in April 2026. This project represents a $3,665,733 investment
and is expected to hos} commercial/office suites on the first floor, followed by two floors of multiple
condominiums ranging from 1-3 bedrooms and 1-2 baths.


A public hearing for the establishment of the Commercial Redevelopment District is scheduled for
January 27th 2026.


The internal tax committee has reviewed the application and, based on its findings and calculations,
recommends approval of the attached resolution for a term of eight (8) years for real property. The
applicant has submitted all required documentation.


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


Is this a repeat item?:
Explain what change has been made fo justify bringing it back to Commission:

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 close the public hearing and approve the issuance of a Commercial Facilities Exemption
Certificate for Lakeside Development Properties, LLC and authorize the Mayor and City Clerk to sign
the attached resolution.
Approvals:             Name the Policy/Ordinance Followed:
                       Public Act 255 of 1978, as amended
Immediate Division
Head

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Communication

Legal Review
 Michigan Departinent of Treasury
 4757 (Rev, 12-20)                                                                                          STATE USE ONLY
                                                           Application Maymber                      Dale Receved                                              LUCI Code




                                                                                                                                                                               MEVEWVED

 Application for Commercial Facilities Exemption Certificate                                                                                                                                  ;
 issued under authority of Public Act 255 of 1978, as amended.                                                                                                             DEC 1 8 2025
  Read the instructions page before completing the application. This application must be filed after a Commercial Redevelopment District is
" established, The original application and required documents are filed with the clerk of the Lacal Governmental Unit (LGU).    CITY OF MUSKEGON
  PART 1: OWNER / APPLICANT INFORMATION (applicant must complete all fields)
  Applicant (Company) Name                                                                                                                           NAICS or SIC Cade
  Lakeside Development Properties, LLC
  Facility's Street Address                                                                  Cily                                                    State             ZIP Code
  1937 Lakeshore Drive                                                                       Muskegon                                                      MI                   49444
   Name of City, Township of Village (laxing authority)                                      Counly                                                   School District Where Facility is Located

  Muskegon
       Gily                            [_]township                      _]village            Musk
                                                                                              uskegon
                                                                                                  g                                                     Musk
                                                                                                                                                         uske
                                                                                                                                                              gon Public
                                                                                                                                                                    ublic School
                                                                                                                                                                           scnools

   Dale of Rehabilitation Commencement (mmidd/yyyy)                              *           Planned Date of Rehabilitation Completion (mmidd/yyyy)
     tales |,                 O4 *aq/01/2026                                                                                             12/31/2026
   Estimated Cost of Rehabtililation                                                          Number of Years Exemption Requested (1-12)
                                       $3,665,733                                                                                               12
   Expected Project Outcomes (check all that apply)                                                          .

               Increase Commercial Activity                         Retain Employment                                           Revitalize Urban Areas


               Create Employment                                     Prevent Loss of Employment                                 Increase Number of Residents in Facility's Community

   No. of perm, jobs to be created due to facility's rehab, | No. of perm, Jobs to be retalned due to facility's tehab,| Number of construction Jobs to be created during rehabilitation
          TBD                                                        TBD                                                            TBD
   Each year, the State Treasurer may approve 25 additional reductions of half the state education tax for a period not to exceed six years.

         Check this box if you wish to be considered for this exclusion.

   PART 2: APPLICATION DOCUMENTS
   Prepare and attach the following items:

         General description of the facility (year built, original use, most recent use,                         Descriptive fist of the fixed building equipment that will be a part of the facility
         number of stories, squate foolage)

         General description of the facility's proposed use                                                      Time schedule for undenaking and completing the facility's restoration,
                                                                                                                 teplacement or construction

         General description of the nature and extent of the resloralion, replacement, or                        Statement of the economic advantages expected fram receiving the
         construction fo be undertaken                                                                           exemption

          Legal description of the facility


    PART 3: APPLICANT CERTIFICATION
    Name of Authorized Company Officer (no authorized agents)                                 Telephone Number
   Joseph W. Bourdon                                                                          (231) 780-1200
    Fax Number                                                                                 E-mail Address
    (231) 780-0211                                                                            randers@randers.com
    Mailing Address                                                                            City                                                   State             ZIP Code
    3597 Henry Street Suite 200                                                               Muskegon                                                        Mi                 49441

    I certify that, to the best of my knowledge, the information contained herein and in the attachments is truly descriplive of the property for which this
    application is being submitted. Further, | am familiar with the provisions of Public Act 255 of 1978, as amended, and to the best of my knowledge the
    company has complied or will be able to cornply with all of the requirements thereof which are prerequisite to the approval of the application by the local
    governmental unit and the issuance of a Commercial Facilities Exemption Certificate by the State Tax Commission,

    | further certify that this application relates to a program, when completed, will constitute a facilily, as defined by Public Act 255 of 1978, as amended.

    Signature of Authorized Company Officer (no authorized agents)                            Title                                                    Date

          Qeauph U) Bender                                                                     Co-Owner, Managing Member                                             12/18/2025
          Y
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4757, Page 2




 PART 4: LGU ASSESSOR CERTIFICATION
 Provide the Taxable Value and State Equalized Value of the Commercial Property,
                                                                        Taxable Value (excluding land)                      State Equalized Value (SEV) (excluding fand)

                         Building                                   23203                                                          LG 0400
 The property to be covered by this exemption may not be included on any other specific lax roll while receiving he Commercial Facilities Exemption, For example, property
 on the Eligible Tax Reverted Properly (Land Bank) specific {ax roll cannot be granted a Commercial Facilities Exemption that would also put the same property on the
 Commercial Facililies specific lax roll,

            }
             By checking this box I certify thal, if approved, the praperty to be covered by this exemption will be on the Commercial Facililies Exemption specific tax roll and
            not on any other specific tax roll

 Name of Assessor (first and last name)               .                                   Telephone Number           ,

      Donna VawdyeVeves
 Fax Number
                                                                                           231-252 (S0
                                                                                          E-mail Address

   23; 224                        (124                                                   VandervresdopmsKeaoncoumy nel
 Mailing Address                                                                         Cily                                            State           ZIP Code
 173 & Appl Ave Ste 20!                                                                   Muskegon                                       AX | age
 I certify that, to the best of my knowledge, the information contained in Part 4 of this application is complete and accurate.
 Assessor's Signature                                                                                                                    Date




   Cd ems /L.anelt Vu                                                                                                                         zfizfroro
 PART 5: LGU ACTION / CERTIFICATION (LGU Clerk must complete Part 5)
 Action Taken By LGU:


       [| Exemption approved for                 years, ending December 30,                     (nol lo exceed 12 years)

       | Exemption Denied
 Date District Established (altach resolution fordistrict) | Local Unit Classification Identification (LUC]) Code =| School Code



 Name of Clerk (first and last name)         ;                                            Telephone Number

 Aan Marie
 Fax Number
                                  Meiscbi                                                    (231) 724-E721
                                                                                          E-mailAddress                                   ;         ,
 (231) 724- WIE                                                                          ann.meéssch
                                                                                             @ shore ne City Cor
 Mailing Address                                                                         City                                           Stale           ZIP Code

   933 Terrace                                                                             Jiuskegon                                    777 |             VIG IO
 LGU Contact Person for Additional Information                                            LGU Conlact Person Telephone Number            Fax Number



 | certify thal, to the best of my knowledge, the information contained in this application and attachments is complete and accurate.




      INS Qa avo.) iy                                                                                                                    VW. )E~ oe
 Clerk's\Signature                                                          .                                                           Date




If you have questions, need additional information or sample documents, call 517-335-7491 or visit
www.michigan.gov/property taxexemptions.
                               Resolution No. 2026-06(B)


                           MUSKEGON CITY COMMISSION


RESOLUTION APPROVING APPLICATION FOR ISSUANCE OF A COMMERICAL
                        FACILITIES EXEMPTION CERTIFICATE
                         Lakeside Development Properties, LLC


WHEREAS, the City of Muskegon legally established the Commercial Redevelopment
District 2026-06(A) on January 27, 2026, after a public hearing held on January 27, 2026;
and


WHEREAS, the state equalized value of the property proposed to be exempt plus the
ageregate state equalized value of property previously exempt and currently in force
under Public Act 255 of 1978 and under Public Act 198 of 1974 (IFT's) does not exceed
5% of the total state equalized value of the City of Muskegon; and


WHEREAS, the application was approved at a public hearing as provided by section 6(2)
of Public Act 255 of 1978 on January 27, 2026; and


WHEREAS, Lakeside Development Properties, LLC is not delinquent in any taxes
related to the facility; and


WHEREAS, the application is for commercial property as defined in section 3(3) of
Public Act 255 of 1978; and


WHEREAS, the applicant Lakeside Development Properties, LLC has provided answers
to all required questions under Section 6(1) of PA 255 of 1978 to the City of Muskegon;
and.


WHEREAS, the City of Muskegon requires that the construction, restoration or
replacement of the facility shall be completed by January 31, 2027; and

WHEREAS, the Commercial Facilities Exemption Certificate is granted for a period of
eight (8) years and no extension will be allowed; and


WHEREAS, the commencement of the construction, restoration or replacement of the
facility did not occur more than 45 days prior to the filing of the application for
exemption; and


WHEREAS, the commencement of the construction, restoration or replacement of the
facility did not occur prior to the establishment of the Commercial Redevelopment
District; and


WHEREAS, the application relates to a construction, restoration or replacement program
which when completed constitutes a new, replacement or restored facility within the
meaning of Public Act 255 of 1978 and that is situated within a Commercial
Redevelopment District established under Public Act 255 of 1978; and


WHEREAS, completion of the facility is calculated to, and will at the time of issuance of
the certificate, have the reasonable likelihood to, increase commercial activity, create
employment and retain employment in which the facility is situated; and


WHEREAS, the restoration includes improvements aggregating 10% or more of the true
cash value of the property at commencement of the restoration as provided by section
4(6) of Public Act 255 of 1978.


NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of
Muskegon


Be and hereby is granted a Commercial Facilities Exemption for the real property,
excluding land, located in Commercial Redevelopment District 2026-06(A) at 1937
Lakeshore Dr. for a period of eight (8) years, beginning December 31, 2026, and ending
December 31, 2034 pursuant to the provisions of PA 255 of 1978, as amended.


Adopted this 27th Day of January, 2026.


AYES: German, Jackson, Kochin, St.Clair, Johnson, and Kilgo


NAYS: None


ABSENT: Keener                                      Ne        Nedr ae ~
                                            BY:
                                                      Ken Johpson, Mayor


                                       ATTEST: Qe
                                                      Ann Meisch, Clerk




                                     CERTIFICATION


I hereby certify that the foregoing constitutes a true and complete copy of a resolution
adopted by the Muskegon City Commission of the City of Muskegon, County of
Muskegon, Michigan at a regular meeting held on January 27, 2026.



                                                     ee as   Ann Meisch, Clerk

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