Approved Agreements and Contracts 2026/01/27 Issuance of Obsolete Property Certificate 1185 Third

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                                                CITY OF


                                 mi SP@ MUSKEGON

                          Agenda Item Review Form
                          Muskegon City Commission

Commission Meeting Date: January 27, 2026             Title: Issuance of an Obsolete Property Certificate
                                                      — 1185 Third St.


Submitted by: Jocelyn Hines, Development              Department: Economic Development
Analyst


Brief Summary:
Pursuant to Public Act 146 of the Michigan Public Acts of 2000, as amended, 1185 Third St. LLC has
requested the issuance of an Obsolete Property Certifcate at 1185 Third St. to support further
development.


Detailed Summary & Background:
1185 Third St. LLC has requested issuance of an Obsolete Property Rehabilitation Certificate for the
property located at 1185 Third Street. If approved, the property’s taxable value would be frozen at
the pre-rehabilitation level for the duration of the certificate. The Obsolete Property Rehabilitation
District for this site was established by the City Commission on October 22, 2002.


The applicant proposes to rehabilitate a long-vacant commercial building in the downtown, The
project represents an estimated investment of $4,925,000 and includes significant upgrades to
mechanical, electrical, and plumbing systems, structural improvements, and exterior and facade
enhancements. Upon completion, the building will be used as an office and research and
development facility. The prospective tenant is expected to retain approximately 80 full-time
positions at this location, supporting continued employment within the City.


The City’s Internal Tax Committee has reviewed the application and all required supporting
documentation. Based on its analysis and calculations, the Committee recommends approval of the
attached resolution granting a twelve (12)-year Obsolete Property Rehabilitation Certificate.


Goal/Action Item:
2027 Goal |: Destination Community & Quality of Life - Reduction of blighted commercial properties


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 attached resoution for the issuance of an
Obsolete Property Certificate for 1185 Third St. and authorize the City Clerk and Mayor to sign.

Approvals:                                           Name the Policy/Ordinance Followed:
                                                     Public Act 146 of the Michigan Public Acts of
Immediate Division
                                                     2000, as amended
Head

Information
Technology

Other Division Heads

Communication

Legal Review
Michigan Department of Treasury
3674 (Rev. 12-04)


Application for Obsolete Property Rehabilitation Exemption Certificate
This form is issued as provided by P.A. 146 of 2000. Filing of this form is voluntary. This application should be filed after the district is established. This
project will not receive tax benefits until approved by the State Tax Commission. Applications received after October 31 may nol be acted upon in the
current year. This application is subject to audit by the State Tax Commission.

INSTRUCTIONS: File the original and one copy of this form and the required attachments with the clerk of the local government unit.
(The State Tax Commission requires two copies of the Application and the Resolution. The original is retained by the clerk.) Please
see State Tax Commission Bulletin 9 of 2000 for more information about the Obsolete Property Rehabilitation Exemption. The
following must be provided to the local government unit as attachments to this application: (a) General description of the obsolete
facility (year built, original use, most recent use, number of stories, square footage); (b)General description of the proposed use of the
rehabilitated facility, (c) Description of the general nature and extent of the rehabilitation to be undertaken, (d) A descriptive list of the
fixed building equipment that will be a part of the rehabilitated facility, (e) A time schedule for undertaking and completing the
rehabilitation of the facility, (f) A statement of the economic advantages expected from the exemption.

Applicant (Company) Name (applicant must be the OWNER of the facility)
   1185 Third Street LLC
Company Mailing address (No. and street, P.O. Box, City, State, ZIP code)
   1593 Jefferson Street, Muskegon, MI 49441
Location of obsolete facility (No. and street, P.O. Box, City, State, ZIP Code)
   1185 Third Street, Muskegon, MI 49441
City, Township, Village                                                                  County
   Muskegon                                                                                Muskegon
Date of Commencement of Rehabilitation                       Planned date of Completion of Rehabilitation           School District where facility is located (include school code)
   2/1/26                                                     8/30/26                                               MI-61010
Estimated Cost of Rehabilitation                             Number of years exemption requested                    a Legal description of Obsolete Property on separate
  $4,925,000.00                                               12
Expected project likelihood (check all that apply):

   [x] Increase Commercial activity                           | x! Retain employment                             [x] Revitalize urban areas
    x | Create employment                                     [x] Prevent a loss of employment                   [| Increase number of residents in the
                                                                                                                      community in which the facility is situated

    Indicate the number of jobs to be retained or created as a result of rehabilitating the facility, including expected construction employment 80
The State Treasurer may exclude from the specific tax up to 1/2 of the mills levied for local school operating purposes and for the State Education Tax. Check the following box
if you wish to be considered for this exclusion.      x




APPLICANT'S CERTIFICATION
The undersigned, authorized officer of the company making this application certifies that, to the best of his/her knowledge, no information contained
herein or in the attachments hereto is false in any way and that all of the information is truly descriptive of the property for which this application is being
submitted. Further, the undersigned is aware that, if any statement or information provided is untrue, the exemption provided by P.A. 146 of 2000 may
be in jeopardy.
The applicant certifies that this application relates to a rehabilitation program that, when completed, constitutes a rehabilitated facility, as
defined by P.A. 146 of 2000 and that the rehabilitation of the facility would not be undertaken without the applicant's receipt of the exemption
certificate.
It is further certified that the undersigned is familiar with the provisions of P.A. 146 of 2000, of the Michigan Compiled Laws; and to the best of his/her
knowledge and belief, (s)he has complied or will be able to comply with all of the requirements thereof which are prerequisite to the approval of the
application by the local unit of government and the issuance of an Obsolete Property Rehabilitation Exemption Certificate by the State Tax Commission.
 Company Officer name (no authorized agents)                 Telephone Number                                         Fax Number
    Frank Peterson                                            (231) 788-8086
 Mailing Address                                                                                                      Email Address
    1593 Jefferson Street, Muskegon, Ml 49441                                                                           frank@fjpeterson.com


               Fane fe?CLOALOVL                                                                                         Member
 Signature                                                                                                            Title




LOCAL GOVERNMENT UNIT CLERK CERTIFICATION
Clerk must also complete Parts 1-3 on Page 2.

 Signature                                                                                                          Date application received




                                                              FOR STATE TAX COMMISSION USE
 Application Number                                                                       Date Received
Form 3674, Page 2


 LOCAL GOVERNMENT ACTION
This section is to be completed by the clerk of the local governing unit before submitting the application to the State Tax Commission. Include a copy of
the resolution which approves the application. All sections must be completed in order to process.

PART 1: ACTION TAKEN

  Action Date:

 [| Exemption Approved for                                     Years, ending December 30,                                (not to exceed 12 years)


 | | Denied
PART 2: RESOLUTIONS (All boxes must be checked prior to submitting this form.)

 [_]A     statement that the local unit is a Qualified Local Governmental Unit.          [_] A statement that the application is for obsolete property as defined in
                                                                                             section 2(h) of Public Act 146 of 2000.
 [_] A statement that the Obsolete Property Rehabilitation District was
        legally established including the date established and the date of                    A statement that the commencement of the rehabilitation of the
        hearing as provided by section 3 of P.A. 146 of 2000.                            C    facility did not occur before the establishment of the Obsolete
                                                                                              Property Rehabilitation District.
        A statement indicating whether the taxable value of the property
                                                                                              A statement that the application relates to a rehabilitation program
 Cc] proposed to be exempt plus the aggregate taxable value of property
                                                                                              that when completed constitutes a rehabilitated facility within the
        already exempt under P.A. 146 of 2000 and under P.A. 198 of 1974
                                                                                              meaning of P.A. 146 of 2000 and that is situated within an Obsolete
        (IFT's) exceeds 5% of the total taxable value of the unit.
                                                                                              Property Rehabilitation District established in a Qualified Local
 Cl A statement of the factors, criteria and objectives, if any, necessary for                Governmental Unit eligible under P.A. 146 of 2000 to establish such
        extending the exemption, when the certificate is for less than 12 years.              a district.

        A statement that the application was approved at a public hearing as                  A statement that completion of the rehabilitated facility is calculated
        provided by section 4(2) of P.A. 146 of 2000 including the date of the                to, and will at the time of issuance of the certificate, have the
        hearing.                                                                              reasonable likelihood to, increase commercial activity, create
 O A statement that the applicant is not delinquent in any taxes related to                   employment, retain employment, prevent a loss of employment,
        the facility.                                                                         revitalize urban areas, or increase the number of residents in the
                                                                                             community in which the facility is situated. The statement should
        If it exceeds 5% (see above), a statement that exceeding 5% will not
                                                                                              indicate which of these the rehabilitation is likely to result in.
        have the effect of substantially impeding the operating of the Qualified
        Local Governmental Unit or of impairing the financial soundness of an                A statement that the rehabilitation includes improvements
        affected taxing unit.                                                                aggregating 10% or more of the true cash value of the property at
                                                                                             commencement of the rehabilitation as provided by section 2(I) of
 Oo A statement that all of the items described on line 9 of the
                                                                                             P.A. 146 of 2000.
        Application for Obsolete Property Rehabilitation Exemption
        Certificate have been provided to the Qualified Local Governmental                   A statement of the period of time authorized by the Qualified Loca
        Unit by the applicant.
                                                                                        O    Governmental Unit for completion of the rehabilitation.


PART 3: ASSESSOR RECOMMENDATIONS
Current Taxable Value and State Equalized Value of obsolete properties

                                                  Taxable Value                State Equalized Value (SEV)

 Land                                       25,000                                   25,000
 Buildings                                   a al 5D4                               1O3 100
 Buildings on Leased Land                         —_—                                       aan

 Other Personal Property

 Year of Values
                                             £1073                                    262°
Name of ae              alia Body                                                Date of Action pn application


                TY of Muskeapny                                                       /13/2d% ©
CLERK CERTIFICATION                                 e
The undersigned clerk certifies that, to the best of his/her knowledge, no information contained herein or in the attachments hereto is false in any way.
Further, the undersigned is aware that if any information provided is untrue, the exemption provided by P.A. 146 of 2000 may be in jeopardy.




        Aare | /-¥ 7-XOL G                                                                                                            72 9-4/78
                                                                                                                 (231) 72 4-672) | (23/)
Clerk     Signature                           A         Date                                                     Telephone Number             Fax Number




Clerk's Mailing Address                           ~~    city & State                                             ZIP Code

    933 Terrace.                                          Muskegon,                      Z77L                         YIY YO
Mail completed Application and copy of Resolution to:                        If you have any questions, call (517) 373-2408 or 373-3302.
State Tax Commission
Michigan Department of Treasury
P,O. Box 30471
Lansing, Michigan 48909-7971
                                           CITY OF MUSKEGON
                                      MUSKEGON COUNTY, MICHIGAN

                                      RESOLUTION NO. 2026-06(C)


A resolution approving the application for an Obsolete Property Rehabilitation Exemption Certificate by 1185
Third St. LLC

The City Commission of the City of Muskegon hereby RESOLVES:

Recitals

A.      The City Commission has received an Application for an Obsolete Property Rehabilitation Exemption
        Certificate from 1185 Third St. LLC, to apply to the improvements located in an Obsolete Property
        Rehabilitation District established by previous resolution. All items described under “Instructions”
        (a) through (f) of the application for Obsolete Property Rehabilitation Exemption Certificate
        have been provided to the City of Muskegon, the Qualified Local Government Unit, by the
         applicant.


         The City of Muskegon is a qualified local governmental unit as determined by STC Bulletin No. 9 of
         2000, dated July 12, 2000.

         An Obsolete Property Rehabilitation District in which the application property is located was
         established after a hearing on October 22, 2002.

         The taxable value of the property proposed to be exempt, plus the aggregate taxable value of
         properties already exempted under PA 146 of 2000 and under PA 198 of 1974, does not exceed five
         percent (5%) of the total taxable value of the City of Muskegon.

         In the event it is determined that the said taxable values do exceed five percent (5%), the City
         Commission determines further that the said exceedance will not have the effect of substantially
         impeding the operation of the City of Muskegon or impairing the financial soundness of any affected
         taxing units.

        - This resolution of approval is considered by the City Commission on January 27, 2026, after a public
         hearing as provided in Section 4(2) of PA 146 of 2000. The hearing was held on this date.

         The applicant, 1185 Third St. LLC, is not delinquent any taxes related to the facility.

         The exemption to be granted by this resolution is for 12 years.

         The City Commission finds that the property for which the Obsolete Property Rehabilitation
         Exemption Certificateis soughtis obsolete property within the meaning of Section 2(h) of Public Act
         146 of 2000in that the property, which is commercial, is functionally obsolete. The City has received
         from the applicant all the items required by Section 9 of the application form, being the general
         description of the obsolete facility, a general description of the proposed use, a description of the
         general nature and extent of the rehabilitation to be undertaken, a descriptive list of fixed building
         equipment that will be part of the rehabilitated facility, a time schedule for undertaking and complete
         the rehabilitation, and statement of the economic advantages expected from the exemption.

          Commencement of the rehabilitation has not occurred before the establishment of the district.

          The application relates to a rehabilitation program that when completed will constitute a rehabilitated
          within the meaning of PA 146 of 2000 and will be situated within the Obsolete Property Rehabilitation
          District established by the City under PA 146 of 2000.
L.           Completion of the rehabilitated facility is calculated to and will, at the time of the issuance of the
             Certificate, have the reasonable likelihood to increase commercial activity and create employment; it
             will revitalize an urban area. The rehabilitation will include improvements aggregating more than ten
             percent (10%) of the true cash value of the property at the commencement of the rehabilitation.

M.           The City Commission determines that the applicant shall have twenty-four (24) months to complete
             the rehabilitation. It shall be completed by January 27, 2028, or two years after the Certificate is:
             issued, whichever occurs later.

N.           That notice pursuant to statute has been timely given to the applicant, the assessor for the City of
             Muskegon, representatives of the affected taxing units and the general public.

             NOW, THEREFORE, THE CITY COMMISSION RESOLVES:

 1.           Based upon the statements set forth in, and incorporating the recitals to this resolution, the City
              Commission hereby approves the application filed by 1185 Third St. LLC, for an Obsolete Property
              Rehabilitation Exemption Certificate, to be effective for a period of 12 years;

 2.           BE IT FURTHER RESOLVED, that this resolution of approval relates to the property set forth in
              Attachment A, the legal description containing the facilities to be improved;

 3.           BE IT FURTHER RESOLVED, that, as further condition of this.approval, the applicant shall comply
              with the representations and conditions set forth in the recitals above and in the application material
              submitted to the City.

 This resolution passed.

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

     Nays:    None

                                                                    CITY OF MUSKEGON

                                                            BY: Vo        Ndveor
                                                                “Ken Johnsdn
                                                                     Mayor               -

                                                      ATTEST:          Wee
                                                                     Ann Meisch
                                                                     Clerk



                                                      CERTIFICATE



     This resolution was adopted at a meeting of the City Commission held on January 27, 2026. The meeting
     was properly held and noticed pursuant to the Open Meetings Act of the State of Michigan, Act 267 of the
     Public Acts of 1976.

                                                                     CITY    OF MUSKEGON


                                                                     By        ee ee a>
                                                                             Ann Meisch, City Clerk
                       ATTACHMENT A: PROPERTY DESCRIPTION

Address:       1185 Third St.

PIN#:          61-24-205-379-001 1-00

Parcel Size:   0.42 Acres


Legal: CITY OF MUSKEGON REVISED PLAT OF 1903 LOTS 11-12 & NELY 3 FT LOT 10 BLK 379

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