Downtown Development Authority Agenda 06-09-2026

View the PDF version Google Docs PDF Viewer

     CITY OF MUSKEGON
      DOWNTOWN DEVELOPMENT
        AUTHORITY/BROWNFIELD
      REDEVELOPMENT AUTHORITY
              MEETING
              June 9, 2026 @ 10:30 AM
             CONFERENCE ROOM 204
    933 TERRACE STREET, MUSKEGON, MI                           49440
                               AGENDA
☐   CALL TO ORDER:

☐   ROLL CALL:

☐   APPROVAL OF MINUTES:

    I. May 12, 2026 DDA/BRA Meeting Minutes Economic Development
☐   PUBLIC COMMENT ON AGENDA ITEMS:

☐   PUBLIC HEARINGS:

☐   NEW BUSINESS:
    I. BRA: Request for Reimbursement — 221 W. Webster Ave. & 1040 2nd
       Street Economic Development
    II. BRA: Brownfield Plan Amendment for American Fabricated Products —
        331 W. Laketon Ave. Economic Development
    III. BRA: Development and Reimbursement Agreement for American
         Fabricated Products, INC.—331 W. Laketon Ave. Economic
         Development
    IV. DDA: Acceptance of Financial Report for May 31, 2026 Economic
        Development
    V. DDA: Approval of 2026-2027 Budget Economic Development
☐   ANY OTHER BUSINESS:
    I. BRA CLOSED SESSION: TIF Capture Economic Development


                                Page 1 of 2

                                                                            Page 1 of 157
☐   ADJOURNMENT:



AMERICAN DISABILITY ACT POLICY FOR ACCESS TO OPEN MEETINGS OF THE CITY OF
MUSKEGON AND ANY OF ITS COMMITTEES OR SUBCOMMITTEES

To give comment on a live-streamed meeting the city will provide a call-in telephone
number to the public to be able to call and give comment. For a public meeting that is
not live-streamed, and which a citizen would like to watch and give comment, they
must contact the City Clerk’s Office with at least a two-business day notice. The
participant will then receive a zoom link which will allow them to watch live and give
comment. Contact information is below. For more details, please
visit: www.shorelinecity.com
The City of Muskegon will provide necessary reasonable auxiliary aids and services, such
as signers for the hearing impaired and audio tapes of printed materials being
considered at the meeting, to individuals with disabilities who want to attend the
meeting with twenty-four (24) hours’ notice to the City of Muskegon. Individuals with
disabilities requiring auxiliary aids or services should contact the City of Muskegon by
writing or by calling the following:

Ann Marie Meisch, MMC. City Clerk. 933 Terrace St. Muskegon, MI 49440. (231)724-6705.
[email protected]




                                      Page 2 of 2

                                                                                     Page 2 of 157
     CITY OF MUSKEGON
      DOWNTOWN DEVELOPMENT
        AUTHORITY/BROWNFIELD
      REDEVELOPMENT AUTHORITY
              MEETING
             May 12, 2026 @ 10:30 AM
           CONFERENCE ROOM 204
  933 TERRACE STREET, MUSKEGON, MI                              49440
                               MINUTES
AGENDA



CALL TO ORDER
M. Bottomley called the meeting to order at 10:34am and roll was taken.
MEMBERS PRESENT: Martha Bottomley, Kiel Reid, Bob Tarrant, Sherri Black,
Michael Kleaveland, Andrew Boyd, Brad Hastings, JoAnn Dornbos, Chad Doane
MEMBERS EXCUSED: James Curtis, Jeanette Moore, Jonathan Seyferth, Kathryn
Lynnes
STAFF PRESENT: J. Hines, W. Webster, J. Rabe
OTHERS PRESENT: Rachel Gorman, Roman Wilson, Kristina Broughton

APPROVAL OF MINUTES



   I. April 14, 2026 DDA/BRA Meeting Minutes Economic Development
A motion to approve the Minutes of April 14, 2026 was made by M. Kleaveland,
supported by S. Black, and unanimously approved.
ROLL CALL



PUBLIC COMMENT ON AGENDA ITEMS
None


                                Page 1 of 6

                                                                           Page 3 of 157
PUBLIC HEARINGS
N/A

NEW BUSINESS



    I. BRA: Development and Reimbursement Agreement for Encore at Harbor
       Theatre, 1937 Lakeshore Dr. Economic Development
Lakeside Development Properties, LLC is requesting approval of the
Development and Reimbursement Agreement for the Encore at Harbor Theatre
project.

The former Harbor Theatre property has remained vacant and blighted for an
extended period of time and is proposed to be redeveloped into a three-story,
11-unit mixed-use building. The project includes commercial space and parking
on the lower level.

The Brownfield Plan is anticipated to remain in effect until 2052, or until all
eligible activities have been reimbursed, whichever occurs first.
The Brownfield Plan was approved by the Brownfield Redevelopment Authority
(BRA) at its April 14, 2026 meeting. Upon approval of the Development and
Reimbursement Agreement by the BRA, staff will forward a recommendation to
the City Commission for consideration on May 12, 2026.

The Development and Reimbursement Agreement complements the Brownfield
Plan Amendment by defining the specific terms, conditions, and timeline for
reimbursement.

Motion by B. Tarrant, second by A. Boyd, to approve the Development and
Reimbursement Agreement for the approved Brownfield Plan for Encore at
Harbor Theatre (1937 Lakeshore Dr.) as presented.
ROLL VOTE: Ayes: M. Kleaveland, K. Reid, A. Boyd, B. Tarrant, B. Hastings, M.
           Bottomley, S. Black, C. Doane, J. Dornbos
           Nays: None
MOTION PASSES

    II. DDA: Acceptance of Financial Report for April 30, 2026 Economic
        Development
City staff requests approval of the financial report for the period ending April 30,


                                   Page 2 of 6

                                                                                  Page 4 of 157
2026. The current projected fund balance is $454,964.56. Significant expenses for
April include staff costs and the Barry’s Greenhouse contract.

The report also reflects revenue and expenses related to the Lakeshore Art
Festival; however, please note that the DDA serves solely as a pass-through for
these funds.

Motion by K. Reid, second by B. Hastings, to approve the April 30, 2026,
financial report as presented.
ROLL VOTE: Ayes: M. Kleaveland, K. Reid, A. Boyd, B. Tarrant, B. Hastings, M.
           Bottomley, S. Black, C. Doane, J. Dornbos
           Nays: None
MOTION PASSES


    III. DDA: Pine Street Live Sponsorship Economic Development
Pine Street vintage businesses, in collaboration with other Pine Street merchants,
are organizing Pine St. Live on Saturday, May 23rd, from 10am-5pm, an event
designed to promote local businesses and increase foot traffic in the district. The
event will feature free food and live music, creating an inviting atmosphere for
residents and visitors to explore the area.

The total event budget is $4,000, and organizers are requesting $2,000 in support
to assist with costs related to musical performers, infrastructure, and marketing.
Historically, this event has been fully funded by participating business owners;
however, additional financial support is now needed to sustain and grow the
event’s impact.



Motion by M. Kleaveland, B. Tarrant to approve a sponsorship in the amount of
$2,000 for Pine Street Live.
ROLL VOTE: Ayes: M. Kleaveland, K. Reid, B. Tarrant, B. Hastings, M. Bottomley,
           S. Black, C. Doane, J. Dornbos
           Nays: None

             Abstain: A. Boyd
MOTION PASSES

    IV. DDA: 2026-2027 Budget Presentation Economic Development


                                   Page 3 of 6

                                                                                  Page 5 of 157
Staff is presenting the draft FY 2026–2027 DDA budget. The proposed budget is
designed to return the DDA to a neutral or positive cash flow position while
addressing immediate operational needs. It also positions the DDA to consider
long-term goals and investments, such as property acquisition, staffing, and
entrepreneurial support initiatives.

The DDA wil vote on the budget at their June meeting.

Further discussion: Kiel requested a breakdown of expenses on sponsorship and
to have a separate budget line item.




    V. DDA: Michigan Makers Market/Girlfriends Getaway Weekend
       Sponsorship Economic Development

The organizers of Girlfriends Getaway Weekend/Michigan Makers Market have
reached out regarding a potential sponsorship for their event taking place
November 13–15, 2026, at the Delta Hotel and VanDyk Mortgage Convention
Center.

The event is designed to bring women together for a weekend of shopping,
creative workshops, and participation in the Michigan Makers Market on
Saturday, November 14. Organizers also aim to promote and feature downtown
Muskegon businesses, encouraging attendees to explore all that downtown has
to offer.

Last year, DDA members and City staff attended the event, and the DDA’s
vendor booth was utilized by one of our Chalet vendors. Depending on the
sponsorship level selected, there may be an opportunity to offer similar support
again this year.

The DDA supported the event last year in the amount of $5,000. Depending on
the proposed sponsorship level, additional support could be considered as part
of the FY 2026–2027 budget discussions.

Kristina and Rachel were present. She is on the planning committee for
Girlfriends Weekend and Michigan Makers Market. She shared the success.
 Over 2,000 visitors and 69 vendors. Reaching out to local businesses for
partnership. Expanding with more workshops and classes i.e. mediation,
makeup. Bringing in local entrepreneurs. They are marketing to the east side of
the airport and Chicago areas.

K. Reid emphasized the importance of having a traffic driver. Especially during


                                  Page 4 of 6

                                                                                Page 6 of 157
the winter months. Inquired about their past and current sponsorships.
S. Black asked how they promoted the shopping experience in addition to
restaurants and bars.
Further discussion is requesting a commitment on the part of the Girlfriends
Getaway event to bring people out to these different retailers.

Motion by K. Reid, second by A. Boyd, to I move to approve a sponsorship at
the Gold Level for $2500 for Girlfriends Getaway Weekend/Michigan Makers
Market.
ROLL VOTE: Ayes: K. Reid, B. Hastings, J. Dornbos
           Nays: M. Kleaveland, A. Boyd, B. Tarrant, M. Bottomley, S. Black, C.
           Doane
MOTION FAILS

Motion by M. Kleaveland, second by B. Tarrant to approve a sponsorship for
$5,000 for Girlfriends Getaway Weekend/Michigan Makers Market with a side
note that the commitment for showing groups around to the different shopping
pockets in the area.
ROLL VOTE: Ayes: M. Kleaveland, K. Reid, B. Tarrant, A. Boyd, B. Hastings, M.
           Bottomley, C. Doane, J. Dornbos
           Nays: S. Black
MOTION PASSES

ANY OTHER BUSINESS
Other Business: R. Gorman, President of Muskegon Lakeshore Chamber of
Commerce wanted to share 2 events. Pre-Summer and Post Summer event
meeting. Hosted by the County at Heritage Landing. An opportunity for the
festival organizers to meet eachother to encourage collaboration, open lines of
communication. Meeting on June 4 at 2pm in the training room at the
Chamber.

J. Hines thanked the participants for the pitch competition. Winners were Paw
Paws Pickles and Thirsty Mitten.

ADJOURNMENT
There being no further business, the meeting was adjourned at 11:45.




                                       Respectfully Submitted,


                                  Page 5 of 6

                                                                                Page 7 of 157
    Ann Marie Meisch, MMC City Clerk




Page 6 of 6

                                       Page 8 of 157
                 Agenda Item Review Form
           Muskegon Downtown Development
       Authority/Brownfield Redevelopment Authority
Commission Meeting Date: June 9, 2026                 Title: BRA: Request for Reimbursement — 221 W.
                                                      Webster Ave. & 1040 2nd Street

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

Brief Summary:
221 West Webster, LLC has submitted a request for reimbursement for eligible activities.

Detailed Summary & Background:
Core Plaza, the former Huntington Bank building located at 221 W. Webster Avenue and 1040 2nd
Street, has been redeveloped into a multi-tenant commercial facility. The project transformed a long-
vacant property into approximately 42,888 square feet of restored commercial space consisting of
restaurants, retail establishments, and office suites. Construction commenced in 2021 and was
completed in 2025, with a total private investment of approximately $10 million.

The request for reimbursement was submitted on March 31, 2026. The Brownfield Plan Amendment
was approved by both the Brownfield Redevelopment Authority (BRA) and the City Commission on
April 8, 2025. In accordance with Act 381, Public Acts of Michigan, 1996, as amended, the BRA is
responsible for reviewing and approving reimbursement requests associated with eligible brownfield
activities.

Coalition Companies (Jeff Salowitz) and City staff have reviewed the submitted invoices and
determined that they accurately reflect the eligible activities authorized under the Brownfield Plan.
While actual eligible expenses exceeded the approved amount, reimbursement is limited to the
$838,500 authorized in the Brownfield Plan. This amount consists of $27,500 in EGLE-eligible activities,
$252,000 in MEDC-eligible activities, and $559,000 in local-only eligible activities.

Reimbursement will occur through the capture of tax increment revenues as they become available
over the life of the plan.

Upon completion of all reimbursements, the Local Brownfield Revolving Fund (LBRF) is projected to
receive approximately $306,814 by 2048.



Goal/Action Item:
2027 Goal 1: Destination Community & Quality of Life - Reduction of blighted commercial properties

Is this a repeat item?:


                                                                                                Page 9 of 157
Explain what change has been made to justify bringing it back to Commission:

Amount Requested:                                 Budgeted Item:
$838,500                                           Yes      X    No            N/A

Fund(s) or Account(s):                            Budget Amendment Needed:
                                                   Yes           No      X     N/A

Recommended Motion:
I move to approve the request for reimbursement submitted by 221 W. Webster Ave. for eligible
activities.

Approvals:                                        Name the Policy/Ordinance Followed:
Immediate Division        X                       Act 381, Public Acts of Michigan, 1996, as
Head                                              amended

Information
Technology
Other Division Heads
Communication
Legal Review




                                                                                         Page 10 of 157
March 31, 2026
Project No. 2500384

Jocelyn Hines
Development Analyst
City of Muskegon Brownfield Redevelopment Authority
933 Terrace St., Muskegon, MI 49440

Request for Reimbursement
221 West Webster Avenue and 1040 2nd Street, Muskegon, MI 49440
By my signature below, I certify that the expenses described in this Request for Reimbursement for the
above-referenced property represent eligible expenses under the Brownfield Redevelopment Financing Act (1996 PA
381), as amended, and that the activities have been performed on the eligible property.
All activities described in the reimbursement request have been completed as described in the Brownfield Plan
adopted by the City of Muskegon City Commission on April 8, 2025. The project involved the redevelopment of the
formerly vacant Huntington Bank building into 42,888 square feet of restored commercial space. Current tenants
include a cocktail and wine bar, restaurant, and professional office spaces.
From April 2021 to April 2023, the developer (221 W Webster, LLC), funded the completion of pre-approved
environmental activities, including a Phase I Environmental Site Assessment (ESA), Phase II ESA, Asbestos Survey, and
Documentation of Due Care Compliance (DDCC). These activities are eligible for reimbursement from both Local and
State Tax Increment Revenue (TIR).
From March 2023 to June 2025, 221 W Webster, LLC funded asbestos abatement and interior building demolition
activities. Under 1996 PA 381, asbestos abatement and demolition costs up to $250,000 are pre‑approved for Local
and State TIR reimbursement; any remaining abatement and demolition costs are eligible for local‑only TIR
reimbursement.
The total amount of eligible activities incurred exceeds the Brownfield Plan limit of $838,500, and therefore, the
Reimbursement Request is limited to $838,500. A description of the activities completed is shown within the enclosed
table. Invoices for the eligible activities detailing the work completed are provided. Proof of payment for the invoices is
also enclosed, including copies of checks and sales receipts from contractors.
Reimbursements should be forwarded to: Attn: B. John Essex
                                           221 W Webster, LLC
                                           P.O. Box 1485
                                           Muskegon, MI 49443
If you have any questions or require additional information, please contact me at 269.544.6966 or
[email protected].
Sincerely,




Logan Mulholland
Brownfield Project Analyst
cc: B. John Essex, Bryan Bench, and Troy Wasserman, Core Development, LLC
    Jake Eckholm, City of Muskegon




                                                                                                                   Page 11 of 157
Appendix 1




        Page 12 of 157
PROJECT TITLE:                     221 West Webster, LLC
PROJECT ADDRESS:                   221 W Webster and 1040 2nd Street, Muskegon
DATE OF BROWNFIELD PLAN:           4/8/2025
PREPARED BY:                       LLM
DATE PREPARED:                     3/31/2026
CONTINGENCY:          0 %          (not to exceed 15%)


                                                 Brownfield Plan Approved Estimated Costs                                                                                                                              Actual Costs Incurred
                                                                                                                                        Brownfield Plan         Date of                                                                                                        Local and
                                                                                           Total                   Comments                                                      Invoiced Amt     Invoice #               Contractor                  Note:     Local Only                        Proof of Payment
                                                                                                                                           Category             Invoice                                                                                                         School
  1.00    Baseline Environmental Assessment (BEA) - Statutorily Approved
           1.01 Phase I and II Environmental Site Assessments                                  $20,500.00         Pre-Approved                         1.01      4/22/2021 $           1,800.00           1074 Grand Environmental       Phase I ESA                               X         Check #1130
           1.02 Baseline Environmental Assessment                                                   $0.00                                                        6/21/2021 $           5,485.05           1097 Grand Environmental       Phase II ESA, BEA                         X         Check #5002
           1.03 Asbestos, Lead and Mold Surveys                                                 $5,000.00         Pre-Approved                         1.03      4/16/2023 $           6,008.63           2292 Salmon Environmental      Asbestos Survey                           X         Check #5222
           1.04 Pre-Demolition Survey                                                               $0.00
                  Sub-Total                                                                    $25,500.00
                                                                                               $25,500.00                                                                    $        13,293.68

                                                                                                                                        Brownfield Plan         Date of                                                                                                        Local and
                                                                                           Total                   Comments                                                      Invoiced Amt     Invoice #               Contractor                  Note:     Local Only                        Proof of Payment
                                                                                                                                           Category             Invoice                                                                                                         School
  2.00    Due Care
           2.01 Investigation and Assessments                                                       $0.00                                              2.01       8/5/2021 $           1,000.00           1114 Grand Environmental       DDCC                                      X         Check #5011
           2.02 Development of a Plan for Response Activities or Due Care Documentation             $0.00
                                                                                                    $0.00                                                                    $         1,000.00

                                                                                                                                        Brownfield Plan         Date of                                                                                                        Local and
                                                                                           Total                   Comments                                                      Invoiced Amt     Invoice #               Contractor                  Note:     Local Only                        Proof of Payment
                                                                                                                                           Category             Invoice                                                                                                         School
  6.00    Lead and Asbestos Abatement
            6.01 Pre-Demolition Survey                                                              $0.00                                              6.02      3/31/2023   $         4,667.00         15839  GFL                       Abatement                   X                       Check dated 4/3/2023
                                                                                                                                                                 5/31/2023   $        42,500.00        132142  Insulation Services       Asbestos Abatement          X                       Check #1437
                                                                                                                                                                 6/15/2023   $        22,500.00        132201  Insulation Services       Asbestos Abatement          X                       Check #1446
                                                                                                                                                                 7/11/2023   $        17,500.00        132272  Insulation Services       Asbestos Abatement          X                       Check #5278
            6.02   Abatement including disposal and air monitoring                            $150,000.00          Local-Only                                   11/24/2023   $         3,700.00        132687  Insulation Services       Asbestos Abatement          X                       Check #5457
                   Sub-Total                                                                  $150,000.00                                                        7/13/2023   $         1,000.00           2375 Salmon Environmental      Asbestos Clearance          X                       Check #5283
                   Contingency 0%                                                                   $0.00
                                                                                              $150,000.00                                                                    $        91,867.00

                                                                                                                                        Brownfield Plan         Date of                                                                                                        Local and
                                                                                           Total                   Comments                                                      Invoiced Amt     Invoice #               Contractor                  Note:     Local Only                        Proof of Payment
                                                                                                                                           Category             Invoice                                                                                                         School
  7.00    Building Demolition
           7.01 Pre-Demolition Audit or Survey                                                $250,000.00         Pre-Approved                         7.01      3/27/2024 $         397,700.00         10474 MQB                        Demolition                                X         Check #5592
           7.02 Building Demolition/Deconstruction                                                  $0.00                                                        6/30/2025 $          22,300.00         10961 MQB                        Demolition                  X                       Check #6203
           7.03 Foundation and basement removals                                                    $0.00                                                        3/30/2023 $           2,500.00           600 Alpha Fire Protection      Demo Water Feed Line        X                       Check #1387
                                                                                                                                                                                                                                                                                             Sales Receipt / Contractor
            7.04   Dewatering during foundation and basement removals                               $0.00                                                       10/17/2024 $         447,960.00               625 Pruitts Construction   Demolition                  X                       Invoice Marked Paid
                   Sub-Total                                                                  $250,000.00
                   Contingency 0%                                                                   $0.00
                                                                                              $250,000.00                                                                    $       870,460.00

                                                                                                                                        Brownfield Plan         Date of                                                                                                        Local and
                                                                                           Total                   Comments                                                      Invoiced Amt     Invoice #               Contractor                  Note:     Local Only                        Proof of Payment
                                                                                                                                           Category             Invoice                                                                                                         School
  8.00    Site Demolition
            8.08 Other Site Demolition (Describe)                                             $400,000.00          Local-Only
                  Sub-Total                                                                   $400,000.00
                  Contingency 0%                                                                    $0.00
                                                                                              $400,000.00                                                                    $              -

                                                                                                                                        Brownfield Plan         Date of                                                                                                        Local and
                                                                                           Total                   Comments                                                      Invoiced Amt     Invoice #               Contractor                  Note:     Local Only                        Proof of Payment
                                                                                                                                           Category             Invoice                                                                                                         School
  10.00   Development of Brownfield Plan and/or Work Plan
           10.01 Development of Brownfield Plan                                                 $8,000.00    1/2 Pre-Approved, 1/2 LO
           10.03 Work Plan and/or Brownfield Plan Implementation                                $5,000.00           Local-Only
                 Sub-Total                                                                     $13,000.00
                                                                                               $13,000.00                                                                    $              -


Total Potential Brownfield Plan Eligible Costs                                                $838,500.00                               $        838,500.00                  $       976,620.68                                                                 $574,206.32   $ 264,293.68


                                       *Reimbursement Agreement limits reimbursement to:       $838,500.00




                                                                                                                                            Printed 3/31/2026

                                                                                                                                                                                                                                                                                                        Page 13 of 157
                 GRand Environmental, LLC
GRand            3315 3 Mie Road, NW
                 Walker, MI 49534
                                                                                                   Invoice
  oRAL
                   Phone # 616-732-3600
                                                                                         Invoice #: 1074
                                                                                     Invoice Date: 4/22/2021
                                                                                        Due Date: 4/22/2021
                                                                                           Project: 21-1025
             Bill To:                                                               P.O. Number:
             Core Development, LLC
             John Essex
             451 W. Western Avenue
              Muskegon, MI 49440




      Date
                                                    Description                                      Amount
4/22/2021           Phase I Environmental Site Assessment - 221 W. Webster Avenue, Muskegon,
                    MI
                                                                                                        1,800.00




We appreciate your prompt payment.
                                                                          Total                     $1,800.00

                                                                           Payments/Credits              $0.00

                                                                           Balance Due              $1,800.00



                                                                                                     Page 14 of 157
    0262021        GRAND ENVIRONMENTAL, LLC
                                  INV 1074     991130




CholceOne Chectn                 INV 1074      1,800.00




                                              Page 15 of 157
                  Rand Emvronmentaluc
                 SS1S3Mie Rat NW
                Waker,M 534
                                                                                          Invoice
                                                                                mvice     1097
                                                                             voice Date S22021
                                                                                 Due Date: 6212021
                                                                                   Project 21-1025
              Bil Te                                                         P.Q. Numbe    NA

                 etet
       Date                                      Descripion                                 Amount
 S212             Prase    Eviomerta Se AssessnertProjectMarageme            ad Actves           2,75200
                   r21W. Webstr,Mstagon
 s2S2021           Sol and GW Arayca                                                             1,507.00
                  Toa RetusebieEperses                                                           1,507.00
                  Matp                                                                            Z2305
                  Total Reirbusabie Epenses                                                      1,73s.05
 S212021          Saseine Environmertal Assessent Raport                                         1,000.00




voices over 30 days past due w becharged at theinterestrate of1.5%
per morth (18% annualy)                                              Total                $5,485.05

                                                                     Payments/Credits            $O.00

                                                                     Balance Due          $5,485.05




                                                                                                  Page 16 of 157
NEBSTEROEORE      LLC GRandENVIRONMENTAL,LLC
                                       INV 1097                                    5,485.0002




                                            NA
                      PAYM
 CHONCEONE BANK
                                     INV 1097PROJECT
                                                   21-1025                       5,485.05



  ona   co1+000-8-CS04
                   wwwLdekolom.Gom
                                                                 S000971 /C-16

                                                                                      OS9121670
                                                             8EAAS8 STKDKOS 06/30/2021 10:17 -101-




                                                                                    Page 17 of 157
                             Salmon Environmental, LLC                                                                       Invoice
                            , P.O.Box888691
                                                                                                              Date             Invoice #
EMVIRONMENTAL                Grand Rapids, MI 49588-8691
                                                                                                            4/16/2023            2292
 Phone #     616-322-3965                E-mail   [email protected]


             Bill To                                                         Project Information
           Core Real Estate Group                                          Asbestos Inspection
           Jobn Essex
           221 W. Webster Ave Suite 200
           Muskegon, MI 49440




                                                                   Client Job No.         P.O. No.            Terms           Project No.
                                                                                                              Net 30           199-001

                                           Description                                           Quantity       Rate           Amount
Limited Asbestos Inspection -Commercial Building 221 W.Webster Ave. Muskegon, MI                                4,800.00         4,800.00
49440- Interiorof Building - 3-16-23,44-23,4-5-23,&4-15-23

Asbestos Bulk PLM EPA 600 - 6hr TAT-6 Samples/Layers                                                                 81.00          81.00
Asbestos Bulk PLM EPA 600 - 24 hr TAT- 48 Samples / Layers                                                        360.00           360.00
Asbestos Bulk EPA PLM NOB- 24hr TAT - 1 Sample / Layer                                                               28.75          28.75
Asbestos Bulk PLM EPA 600 - 24 hr TAT -74 Samples / Layers                                                        592.00           592.00
Asbesto Bulk EPA PLM 400 Point Count - 24hr TAT -2 Samples / Layers                                                37.00            37.00
Total Reimbursable Expenses                                                                                                      1,098.75
Markup                                                                                                          10.00%             109.88
Total Reimbursable Expenses                                                                                                      1,208.63



                                                            WEBSER




It's been a pleasure working with you!
                                                                                          Total                                  S6,008.63


                                                                                          Payments/Credits                          SO.00


                                                                                           Balance Due                        S6,008.63




                                                                                                                                Page 18 of 157
WEBSTER BEVZORE LLC SALMONENVIRONMENTAL,LLC
                                                                                       5222
                                              INV 2292                        6,008.63




                             CORD
                          OAYM
                            CORD
    CHOICEONE BANK                            INV 2292                        6,008.63



    Domuna coN 1+800-28-0304 delcetorms.com
                                                              S580971 /3-18


                                                         D6YQFZ STKDKOS 08/30/2022 0724 -80-




                                                                               Page 19 of 157
                   GRand Environmental, LLC
GRand              33153 MIle Road, NW                                                                 Invoice
     INAOKNENTAL   Walker, MI 49534
                    Phone # 616-732-3600
                                                                                            Involco i#: 1114
                                                                                     Involco Date: 8/5/2021
                                                                                        Due Date: 8/5/2021
                                                                                         Project: 21-1025
              Bill To:                                                              P.O. Number:
              Core Devolopment, LLC
              John Essex
                                               CoreDev                ortlebger DovCore b
              451 W. Western Avenue
               Muskegon, MI 49440




       Date                                         Description                                          Amount
 8/5/2021            Documentation of Due Care Compliance Report - 221 W. Webster Avenue,                      1,000.00
                     Muskegon, MI




We appreclate your prompt payment.
                                                                           Total                        $1,000.00

                                                                           Payments/Credits                     $0.00

                                                                           Balance Due                  $1,000.00




                                                                                                               Page 20 of 157
WEBSTER DEIROHE LLc GRandEVIRONMENTA
                                 INV 1114                       l.000.0041




                    lPAYIa:
   CHONCEONE BANK
                               INV1114                         1,000.00



       cor 00-000    o.oom
                                                7/010
                                                                      121070o
                                            RAASOSTKDKO8 08/80/2021 10:17 42.




                                                               Page 21 of 157
            GF
            2170 Apollo Drive
                                     environmental
            Lansing, MI 48906                                                                                                     Remit Payment To:
            www.g env.com                                                                                                         PO Box 1030
            Ph. 517.886.2772                                        Invoice 15839                                                 Kalkaska, MI 49646


                 Bill to:                                                           Job:         23058
                 Core Development, LLC                                              221 Webster
                 221 W. Webster Ave, Suite 210
                 Muskegon, MI 49440




            Invoice #:       15839                      Date:   03/31/23           CustomerP.0. #: Verbal
            Payment Tems:        Net 45
            Customer Code:       1612

           Remarks:Project dates 3/24- 3/25/23
                 Quantity      Description                                                 U/M                  Unit Price                       Extension

                         1.000 Services rendered                                                               4,667.00                        4,667.00
                                                                                                   Subtotal:                                   4,667.00

                                                                                                   Total:                                      4,667.00

      Biling for the abatement of 2200 sf of carpet and VAT at 221 Webster at the directive of John Essex per our proposal dated 3/21/23.




                                                                 Thank you for your business!
                                                            Federal I.D. Number 38-2789916
at Date:    04/03/23
                                                   Please pay by this invoice. No statement will be sent.                    Page: 1
                                                                                                                                          Page 22 of 157
 fl
                                                                  04/03/2023

           GFL
                                                                  *4,667.00
 Four thousand six hundred sixty-seven and   00/100**********ee

        GFL
        PO BOX 1030
        KALKASKA, MI 49646



      INV 15838




     04/03/2023          GFL
                                              INV 15839                4,667.00




Choice One Checking                           INV 15839
                                                                       4,667.00



     04/03/2023         GFL
                                              INV 15839
                                                                      4,667.00




Cholce One Checking                          INV 15839                4,667.00



                                                                   Page 23 of 157
                    Insulation Services, Inc.
                    PO Box 141636
                                                                                                               Invoice #
                    Grand Rapids MI 49514-1636                                                                 132142
                    PH 616453-8030
                     FX 616-453-2421
                    [email protected]




        Bl To: Webster Devcore, LLC                                         Ship To:     Business Address
                     221 W. Webster Ave, STE 200
                     Muskegon, MI 49440                                                 221 W. Webster Ave, STE 200
                                                                                        Muskegon, MI 49440




Sustomer #              Salesperson                      PO Number            Shipping Method       Terns                        Date
Nebster De              RICK OWWEN                                                                  NET DUE                      05/31/2023

       QTY.                                Description                                                      UnitPrice              Extended Price
             1.00                                                                                           $42,500.00                 $42,500.00
                                                For labor and material fumished to abate asbestos
                                                for the month of May.




                                                                                                                    Subtotal           $42,500.00
    Thank you for your business
                                                                                                                  Freight                     $0.00
                                                                                                        Sales Tax Amount                      $0.00

    S-2849 Webster Devcore/ Fomer Huntington                                                                                           $42,500.00
                                                                                                                         Total
   Biling #1 PartialBilling


                                                                                                                                    Page 24 of 157
choice ene                                                                        Account: CORE DEVELOPMENT CHK
                                                                                  Date: 1/27/2026


                                                                                                                1437
             CORE DEVELOPMENT, LLC
               221 W. WEBSTER AVE, SUTE 200                                 CHOICEONE BANK
                    MUSKEGON, MI 49440                                           74-8437724
                                                                                                       06/06/2023

PAY TO THE
ORDER OF         INSULATION SERVICES, INC                                                           $ "42,500.00
       Forty-two thousand frve hundred and 00/100***                                                                DOLLARS


              INSULATION SERVICES, INC
               PO BOX 141636


MEMO
              GRAND RAPIDS, MI 49514-1636
                                                                 (Ero
             INV 132142 MAY 2023




                                                       -RtNum07241 3845<-Inste|NST
                                                       Bre19-BranchName=WALKER BRANCH
                                                       -TriD-5-TranDt-06/oG/23-StartTm 4:10:01 PM
                                                       -ItemNum=840373600295




                                                                                                                    Page 25 of 157
                    Insulation Services, Inc.
                                                                                                                Invoice #
                    PO Box 141636
                    Grand Rapids MI 49514-1636                                                                 132201
                     PH616453-8030
                     FX616-453-2421
                     [email protected]




        Bill To:      Webster Devcore, LLC                                   Ship To: Business Address
                      221 W. Webster Ave, STE 200
                      Muskegon, MI 49440                                                 221 W. Webster Ave, STE 200
                                                                                         Muskegon, MI 49440




Sustomer #              Salesperson                      PO Number            Shipping Method        Terms                        Date
                        RICK OWEN                                                                    NET DUE                      06/15/2023
Nebster De
        QTY.                               Description                                                       UnitPrice              Extended Price

             1.00                                                                                            $22,500.00                 $22,500.00
                                                For labor and material furnished to abate asbestos
                                                for the month of June.




                                                                                                                    Subtotal            Ş22,500.00
    Thank you for your business
                                                                                                                    Freight                    $0.00
                                                                                                         Sales Tax Amount                      $O.00


    S-2849 Webster Devcore/ Former Huntington
                                                                                                                          Total         $22,500.00
   BILLING #2


                                                                                                                                      Page 26 of 157
     choicene                                                                         Account: CORE DEVELOPMENT CHK
                                                                                      Date: 1/27/2026




              8404
     Aio-BRA8                 STNRT:A9/23

                                                          -RtNum072413845<-Inst=INST
                                                          Br18-BranchName=WALKER BRANCH
                                                           -TrHD-3-TranDe=0616/23-StartTm=   3:48-27 PM
                                                          -ltemNum-8404549001 88




                                                                                                                                   1446
                  CORE DEVELOPMENT, LLC
                      221 W. WEBSTER AVE, SUTE 200                               CHOICEONE BANK
                           MUSKEGON, MI 49440
                                                                                    74-843/724
                                                                                                                      06/15/2023

     PAY TO THE
     ORDER OF          INSULATIQN SERVICES, INC.                                                                  $"22,500.00
            Twanty-two thousand ve hundred and 00/100**                                                                            DOLLARS

                     INSULATION SERVICES, INC
                     PO BOX 141636
                     GRAND RAPIDS, MI 49514-1636

     MEMO                                                                                                 AUTHORED SGNATURE
                  INV132201




                                                                                                                                   Page 27 of 157
fi
                    Insulation Services, Inc.
                    PO Box 141636                                                                                Invoice #
                    Grand Rapids MI 49514-1636                                                                   132272
                    PH616-453-8030
                    FX 616-453-2421
                    [email protected]




        Bil To:       Webster Devcore, LLCC                                  Ship To: Business Address
                     221 W. Webster Ave, STE 200
                     Muskegon, MI 49440                                                  221 W. Webster Ave, STE 200
                                                                                         Muskegon, MI 49440




Sustomer #              Salesperson                      PO Number            Shipping Method          Terms                        Date
                        RICK OWEN                                                                      NET DUE                      07/11/2023
Nebster De
       QTY.                                Description                                                         UnitPrice              ExtendedPrice
             1.00                                                                                              $17,500.00                  $17.500.00
                                                For labor and material furnished to abate asbestos
                                                containing material in mechanical room, as per quote
                                                (6/16/23).




                                                                                                                       Subtotal            $17,500.00
    Thank you for your business
                                                                                                                      Freight                    $0.00
                                                                                                           Sales Tax Amount                      $0.00

    S-2849 Webster Devcore/ Former Huntington                                                                               Total          $17,500.00
    Billing #3


                                                                                                                                       Page 28 of 157
choice ene                                                                                Account: WEBSTER DEVCORE
                                                                                          Date: 1/27/2026


                                                                                                                 5278
                WEBSTER DEVCORE LLC
                 221 W. WEBSTER AVE. SUITE 210                          CHOICEONE BANK
                      MUSKEGON, MI 49440                                   74-843/T24
                                                                                                    o7/11/2023

PAY TO THE
ORDER OF       INSULATION SERVICES,INC.                                                            $17,500.00

    Seventeen thousand fve hundred and 00/10o***                                                                 DOLLARS

             INSULATION SERVICES, INC.
              PO BOX 141636
              GRAND RAPIDS, MI 49514-1636


MEMO
             INV 132272 -FINAL




                                                   -RtNum=072413845<-Inst=INST
                                                   Br=19-BranchName=WALKER BRANCH
                                                    THD-6-Tran Dr-07/13/23-StartTm= 3:40:48 PM
                                                   -ItenNum-840657700250




                                                                                                                 Page 29 of 157
                         Insulation Services, Inc.
                                                                                                                      Invoice #
                         PO Box 141636
                         Grand Rapids MI 49514-1636                                                                  132687
                         PH 616453-8030
                         FX 616-453-2421
                         [email protected]




             Bill To:      Webster Devcore, LLC                                   Ship To:    Business Address
                           221 W. Webster Ave, STE 200
                           Muskegon, MI 49440                                                 221 W. Webster Ave, STE 200
                                                                                              Muskegon, MI 49440




     Sustomer #              Salesperson                      PO Number             Shipping Method       Terms                        Date
     Nebster De              RICK OWEN                                                                    NET DUE                      11/24/2023

             QTY.                               Description                                                       UnitPrice              Extended Price
                  1.00                                                                                             $3,700.00                  $3,700.00
                                                     For labor and material furnished to abate asbeslos
                                                     mudded ttings.




                                                                                                                         Subtotal             $3,700.00
         Thank you for your business
                                                                                                                         Frelght                 $0.00
                                                                                                              Sales Tax Amount                   $0.00

         S-2963 Webster Devcore/Former Huntington B
                                                                                                                               Total          $3,700.00




                                                                                                                                          Page 30 of 157
fi
       choiceene                                                                             Account: WEBSTER DEVCORE
                                                                                             Date: 1/27/2026



                                                                                                               8O



TO-2BŘÀKCAKEMEWARbK/23
                  :.
                                                    -RtNum=>072413845<.Inst=INST
                                                    Br=19-BranchName=WALKER BRANCH
                                                    -TrlD-2-Tran Dt12/OG/23-StartTm= 4:09:28 PM.
                                                    -ItemNum=840775800362




                                                                                                                        5457      :

                     WEBSTER DEVCORE LLC
                      221 W WEBSTER AVE SUITE 600
                                                                          CHOICEONE BANK
                           MUSKEGON, MI 49440                                  74-843/724
                                                                                                               12/01/2023

      PAY TOTHE
  H   ORDER OF     INSULATION SERVICES,INC.                                                               S "3,7O0.00
        Three thousandsėvenhundredand 00/100***                                                                         DOLLARS

                  INSULATION SERVICES, INC.
                  PO BOX 141636
                  GRAND RAPIDS, MI 49514-1636


      MEMO
                 INV 132687
                                                                                                   AUTOgZEDSIGNATUAE

                                                                                                                            .




                                                                                                                        Page 31 of 157
                          Salmon Environmental, LLC                                                                   Invoice
                           P.O. Box 888691
                                                                                                            Date          Invoice #
                           Grand Rapids, MI 49588-8691
                                                                                                          7/13/2023         2375
Phone #     616-32-3965                  E-mal   [email protected]


            Bill To                                                         Project Information
          Core Realty Partners                                            Asbestos Clcarance
          John Essex
          221 W. Webster Ave Suite 200
          Muskegon, MI 49440




                                                                  Cllent Job No.         P.O. No.           Terms        Project No.
                                                                                                            Net 30        199-002

                                            Description                                        Quantity       Rate        Amount
PCM Asbestos Clearance Sampling - Commercial Building 221 W. Webster Ave. Muskegon,                             500.00      1,000.00
MI 49440 - Acoustical Ceiling Removal inBascement& 1st Floor - 6-2-23 & 6-15-23




It's been a pleasure working with you!
                                                                                         Total                              S1,000.00


                                                                                         Payments/Credits                      $O.00


                                                                                          Balance Due                    S1,000.00




                                                                                                                         Page 32 of 157
EBSTER VERGOAE LLCc SALMON ENwIRONMENTAL, LLC
                                       INV 2375                       1,000.005283




  CHOICEONE BANK                      INV 2375                       1,000.00




  Deuna ar1800228-0904
                    wdelaalorma.GOm

                                                       /s
                                                  DEYOPZSTKDKOSCA/20or202207 24 -19




                                                                            Page 33 of 157
                                                                                                                          Invoice

   MQB
                                                                                                                           InvoiceNumber
                                                                                                                                 10474
                                                                                                                             Invoice Date
                                                                                                                              3/18/2024



    MUSKEGON QUALITY BUILDERS, INC.
              2537 PECK STREET, MUSKEGON, MI 49444
                   P231.733.4278 I www.mqbinc.com



   Bill To:     Core Realty Partners                                             Re:   221 West Webster Renovations
                Attn: Mr. John Essex
                221 W. Webster Ave.
                Muskegon, MI 49440




  Our Job No               Customer Job No                   Customer PO                 Requisitioner                 Payment Terns
  23303.00                                                                                John Essex                    Net 30 Days
                                                     Description                                                             Price
 Progress Biling No. 1 for work completed to date for renovations to the basement and Floors 1
and 2 at221 W.Webster.
   - MQB Labor, Material, Permits, General Conditions                                                                         469,539.00
   - Barrett Plumbing                                                                                                          46,774.00
   - Tandem Electric                                                                                                           74,399.00
   -Standfuss Concrete and Floor Polishing                                                                                    113,000.00
   -Wood Trucking                                                                                                              96,950.00
   -Architectural Hardware                                                                                                     85,020.00
  - White Lake Glass                                                                                                           55,250.00



    $397,700 of Demolition work
    conducted. See contractor
    email.




                                                                                                  TOTAL            $      940,932.00
                                                          Thank you for your business!
                           Please remit to Muskegon Quality Builders, Inc., 2837 Peck Street, Muskegon, MI 49444

                                                                                                                                 Page 34 of 157
                                                                                                                                                 5592
         -03/27/2024            MUSKEGON QUALITY BUILDĘRS




                                                                               INT
                                                          INV 10474: JOB NO 23303.00                                                      940,932.00




                                 P/CORD
   CHOICEONE BANK                                      \INV 10474 JOB NO 23303.00                                                     940,932.00
     DoeuE CORP1+800-328-0304www.delxeforms.com
                                                                                                                5680971 / 03-16

                                                                                                                                              4133955700 k
                                                                                                        D9MO6R SLKDKO2 07/15/2023 07:53 -10-

  23303.UU
                                                  Description                                                                     Price
Progress Biling No. 1 for work completed to date for renovations to the basement and Floors 1
and 2 at 221 W. Webster.
  - MQB Labor, Material, Permits, General Conditions                                                                               469,539.00

  - Barrett Plumbing                                                                                                                46,774.00
  - Tandem Electric                                                                                                                 74,399.00
  - Standfuss Concrete and Floor Polishing                                                                                         113,000.00

  -Wood Trucking                                                                                                                    96,950.00
  -Architectural Hardware                                                                                                           85,020.00

  - White Lake Glass                                                                                                                55,250.00




                                                                                               TOTAL            $          940,932.00

                                                       Thank you for your business!
                        Please remit to Muskegon Quality Bullders, Inc., 2837 Peck Street, Muskegon, MI 49444


                                                                                                                                          Page 35 of 157
                                                                                                               Invoice

         MOB
                                                                                                               InvoiceNumber
                                                                                                                      10961
                                                                                                                 Invoico Date
                                                                                                                     S/302025


        MUSKEGON QUALITY BUILDERS, INC.
                   2637 PECK sTREET, MUSKEGON, MI 49444
                    P.231.733.4278
                                ww.mgblne.com
                                 |

        Bill To:     Webster Devcore, LLC                                       Re:   221 West Webster Renovations
                     P.O. Box 1485

                     Muskegon, MI 49443




       Our Job No               Customer Job No                   Customer PO          Requisitioner        Payment Terms
        23303.00                                                                       John Essex            Net 20 Days
                                                          Description                                             Price


     Foundry: Partition Wall, Double Acting Door, Stainless Pass Thru, Electrical, Floor Repair at
     New Wall
        Muskegon Quality Builders: $13,600.00
        Tandem Electric: $15,862.43
        Versatile Fabrication: $4,500.00
        DeGraff Floor: $456.65
            Total: $34,419.08


     3rd Floor Of ces: Demolition, Walls, Doors, Paint, Ceiling, Electrical
        Muskegon Quality Builders, Inc.: $22,300.00
        Architectural Hardware: $6,590.00
        Tandem Electric: $12,522.98
           Total: $41,412.98


     West Webster Project: Liquid Assets Backdrop Sign, Flashing, Outdoor Steel Barrier, Roof
     Safety Rail, Cooler Flashing, Louver, Coke Machine, Bar Equipment, Prep Sink Pumps, Copper
     Drain Lines, Electrical, Basement Bar, Fire Pump Room, Crock

        Muskegon Quality Builders: $38,625.00
       Versatile Fabrication: $42,600.00
        Barrett Plumbing: $28,826.00
       Tandem Electric: $53,841.00
           Total: $163,892.00




                                                                                                                         Page 36 of 157
fi
WEBSTER DEVCORE LLC                               DUILUcro
                                                 INV 10961; JOB NO 23303.00                     100,0        3




                              PAYMENT
       CHOICEONE BANK
                               RRCORD           INV 10961: JOB NO 23303.00                      100,000.00




    DoET CORP1+800-32B-0304
                          www.deluxeforms.com                                 5580971 I/03-18




                                                                                                Page 37 of 157
From:                    Irene LaPointe <[email protected]>
Sent:                    Monday, March 2, 2026 3:06 PM
To:                      Mulholland, Logan
Cc:                      John Essex; Bryan Bench; TROY WASSERMAN
Subject:                 FW: Grant money

EXTERNAL EMAIL


Logan,
The email below from Thom Grimm at MQB, will his email be sufficient regarding the
demolition?

Irene LaPointe

LOCATION ADDRESS:
Port City Ventures, LLC
700 Terrace Point Rd., Suite 200
Muskegon, MI 49440
MAILING ADDRESS:
P. O. BOX 1485
MUSKEGON, MI 49443

T: (231) 777-8777 | C: (231) 730-7799
[email protected]



From: John Essex <[email protected]>
Sent: Monday, March 2, 2026 1:53 PM
To: Irene LaPointe <[email protected]>
Subject: FW: Grant money




From: Irene LaPointe <[email protected]>
Date: Tuesday, February 3, 2026 at 10:30 AM
To: Thom Grimm <[email protected]>, John Essex <[email protected]>
Subject: RE: Grant money

Thank you Thom..

Irene LaPointe

LOCATION ADDRESS:
Port City Ventures, LLC
700 Terrace Point Rd., Suite 200
Muskegon, MI 49440
MAILING ADDRESS:
P. O. BOX 1485




                                                                                     Page 38 of 157
Exterior Improvements:
Exterior Walk Improvements: $50,000.00
Exterior Ventrina Folding Doors: $37,500.00
Exterior Split Face Masonry Wall on South Side of Building: $23,000.00
Exterior Metal Siding on South Side of Building, two new walk-up windows, and siding, fascia and
soffit replacement at entrances: $40,000.00

Demolition:
Selective Demolition for interior space for lower, main and 1st level of building: $420,000.00

Let me know if you need anything else or if I can help with getting what you need for the credits
and/or grants.
                                                              Invoice 10474: $397,700
Thom                                                          Invoice 10961: $22,300
                                                              Total: $420,000

On Fri, Jan 3, 2025 at 2:38 PM Irene LaPointe <[email protected]> wrote:
Thom,
I know you gave me a guesstimate of the outside façade for the Webster Ave side. Could I
have a detail for this and any other outside updates?
I would appreciate it, trying to nail down this grant.

Irene LaPointe

LOCATION ADDRESS:
Port City Ventures, LLC
700 Terrace Point Rd., Suite 200
Muskegon, MI 49440
MAILING ADDRESS:
P. O. BOX 1485
MUSKEGON, MI 49443

T: (231) 777-8777 | C: (231) 730-7799
[email protected]




                                                                                              Page 39 of 157
ALPHA FRE PROTECTION,LLC.
                                                                                                                   Invoice
12575 CLEVELAND ST
NUNICA, MI 49448                                                                                       Date            Inice
                                                                                                     3/21/2023               609



          Bill To
      Core Development
      CO JohnEssex
      221 W.Webster Ave, Ste, 200
      Muskegon,MI 49448




 $2,500 of Demolition work
 conducted. See contractor                                           P.O. No.               Terms                      Project
 email.
                                                              #23-017 221 West..            Net 30               22/W Webster
   Item               Description    Est Amt   Príor Amt   Prior %       Qty         Rate       Curr %           Total %     Amount
OI Mater. Materials a 45%               0.00                               0.45     92,315.00                              |41,541.75
02 Field ..Field Labor@ 12.5%           0.00                              0.125     80,000.00                               10,000.00
03 Design   Design a 45%                0.00                               0.45     21,500.00                                9,675.00
04 Fabri... Fabrication Cost   25%      0.00                                0.25     6,500.00                                1.625.00




Thank you for your business.
                                                                                   Total                                   S62,841.75


                                                                                   Payments/Credits                              SO.00


                                                                                   Balance Due                             $62,841.75


                                                                                                                       Page 40 of 157
CORE   DEVELABMEN,       LLC ALPHA FIRE
                                      PROOTECTION,LLC                                            1387
                                               INV 600- 50% DOWN                         62,841.75




         Cholce One Checking                   INV 600--50%                              62,841.75



       Douna ao 1800-328-0304
                           ww.dekoolorma.com                            S581064/03-16
                                                                                                7663741000 S
                                                                   DAPJE1 CHIKDKOS 12/18/2021 10:27 -65




                                                                                        Page 41 of 157
From:                  John Essex <[email protected]>
Sent:                  Wednesday, March 4, 2026 8:41 AM
To:                    Mulholland, Logan
Cc:                    Irene LaPointe
Subject:               FW: Final invoice 221 West Webster

EXTERNAL EMAIL


Detail in regards to the fire suppression demo.

From: Joseph LeMieux <[email protected]>
Date: Tuesday, March 3, 2026 at 4:58 PM
To: John Essex <[email protected]>
Cc: Simon LeMieux <[email protected]>
Subject: RE: Final invoice 221 West Webster

Hi John,
I discussed this with Simon and we had minimal demo. The only demo we did was a little feed
main in the basement and capping the old water supply. So, maybe 2 days with materials for
$2,500.00.

Also, I talked with Irene about doing fire pump testing for you, NFPA does require weekly test for
diesel fire pumps and is normally pushed at the request of your insurance company. NFPA25
requires regular, systematic testing of fire pumps to ensure operational readiness, specifically
mandated through weekly or monthly “no-flow” (churn) tests and annual, full capacity flow tests.

Most building owners do monthly test though. We do have one customer that does weekly fire
pump test.
Cost for weekly tests would be $1600 per month.
Cost for just a monthly test would be $500 per month.

*When it is time for the annual fire pump test and annual building inspection, we can work out a
quote for you.

It was nice to hear from you, hope you are doing well too!
Let us know if you would like to schedule the fire pump test or anything else.

Thanks!

In Christ, Joe
ALPHA FIRE PROTECTION, LLC
17016 116th Ave.
NUNICA, MI 49448




                                                                                            Page 42 of 157
Joseph E. LeMieux <><
Cell 616.888.9106
[email protected]

From: John Essex <[email protected]>
Sent: Tuesday, March 3, 2026 10:51 AM
To: Joseph LeMieux <[email protected]>
Subject: Re: Final invoice 221 West Webster

Hey Joe,

I hope this finds you well.

Question. Could you provide me an estimate on how much of the fire suppression installation
you did for us at 221 W. Webster could be applied to demolition, whether of the existing lines that
were there and replaced or any other demolition related costs?

This will help us with our Brownfield submission.

Really appreciate it!

John

From: Joseph LeMieux <[email protected]>
Date: Friday, December 27, 2024 at 9:47 AM
To: John Essex <[email protected]>
Cc: Simon LeMieux <[email protected]>
Subject: Final invoice 221 West Webster
Good Morning John,
This should be the final invoice for the Lumbermans building. (sorry about the quality, having
scanner issues).
It includes the antifreeze system we discussed and the additional freezer in the basement.
We really appreciate the work and would be blessed to do more work for Core Development.

We will be in touch in January about doing your monthly fire pump test/ inspections.

Thaks Again and a blessed New Year!

In Christ, Joe
ALPHA FIRE PROTECTION, LLC
12575 CLEVELAND STREET




                                                                                             Page 43 of 157
Pruitts Construction LLC- Business License:                                                       Sales Receipt
2102214484
2456 River Park Dr
Muskegon, MI 49445-8869 USA
+12314576872
[email protected]
            BILL TO
            221 W.Webster
            Muskegon, MI 49440 US




SALES #               DATE
625                   10/17/2024

PMT METHOD
Check


DATE              SERVICE                     DESCRIPTION                              QTY      RATE              AMOUNT

                  02.10 Demo                  Core Plaza Demolition Completed:           1 447,960.00         447,960.00
                                              - Structural demolition –
                                              - Interior demolition (selective
                                              demo) – Removing drywall,
                                              ceilings, flooring, fixtures, and non-
                                              structural components while leaving
                                              the main structure.
                                              - Site clearing – Hauling away
                                              debris, concrete, steel, and other
                                              materials.
                                              - Hazardous material removal –
                                              Safe handling of materials like
                                              asbestos, lead paint, or mold if
                                              present.
                                              - Utility disconnection – Shutting off
                                              water, gas, electric, and sewer lines
                                              before demolition.
                                              - Utility reconnection- Ensuring all
                                              water, gas, electric and sewer lines
                                              have been preserved and repaired
                                              if needed after demolition.
                                                                     SUBTOTAL                                 447,960.00
                                                                     TAX                                             0.00
                                                                     TOTAL                                    447,960.00
                                                                     BALANCE DUE                                  $0.00




                                                                                                          Page 44 of 157
Act 381 Brownfield Plan Amendment

221 West Webster, LLC
221 West Webster Avenue & 1040 2nd Street
Muskegon, Michigan 49440
Prepared For:
City of Muskegon Brownfield Redevelopment Authority

Project No. 2500348
March 3, 2025




                                                     Page 45 of 157
Act 381 Brownfield Plan Amendment

221 West Webster, LLC
221 West Webster Avenue & 1040 2nd Street
Muskegon, Michigan 49440



Prepared For:
City of Muskegon Brownfield Redevelopment Authority
City of Muskegon, Michigan

March 3, 2025
Project No. 2500348

Recommended for Approval by Brownfield Redevelopment Authority on: ________________
Adopted by the City of Muskegon City Commission on: ________________




                                                                                      Page 46 of 157
Table of Contents                                                                                                                                 Fishbeck | Page i


1.0        Introduction ...................................................................................................................................................1
           1.1     Proposed Redevelopment and Future Use for Each Eligible Property ..............................................1
           1.2     Eligible Property Information ............................................................................................................1

2.0        Information Required by Section 13(2) of the Statute ...................................................................................2
           2.1    Description of Costs to be Paid for with Tax Increment Revenues ...................................................2
                  2.1.1 Pre-Approved Activities .......................................................................................................2
                  2.1.2 Local Only Activities .............................................................................................................2
                  2.1.3 Brownfield Plan/Work Plan Preparation ..............................................................................3
                  2.1.4 Brownfield Plan/Work Plan Implementation .......................................................................3
                  2.1.5 Authority Administration Cost .............................................................................................3
                  2.1.6 Local Brownfield Revolving Fund .........................................................................................3
           2.2    Summary of Eligible Activities ...........................................................................................................3
                          Environmental Activities ......................................................................................................3
                          Non-Environmental Activities ..............................................................................................3
                          Authority Expenses ..............................................................................................................3
           2.3    Estimate of Captured Taxable Value and Tax Increment Revenues ..................................................3
           2.4    Method of Financing and Description of Advances Made by the Municipality ................................4
           2.5    Maximum Amount of Note or Bonded Indebtedness .......................................................................4
           2.6    Duration of Brownfield Plan..............................................................................................................4
           2.7    Estimated Impact of Tax Increment Financing on Revenues of Taxing Jurisdictions ........................4
           2.8    Legal Description, Property Map, Statement of Qualifying Characteristics, and Personal Property.4
           2.9    Estimates of Residents and Displacement of Individuals/Families....................................................5
           2.10 Plan for Relocation of Displaced Persons..........................................................................................5
           2.11 Provisions for Relocation Costs .........................................................................................................5
           2.12 Strategy for Compliance with Michigan’s Relocation Assistance Law...............................................5
           2.13 Other Material that the Authority or Governing Body Considers Pertinent .....................................5


List of Figures
Figure 1 – Location Map of the Eligible Property
Figure 2 – Site Plan

List of Tables
Table 1 – Summary of Eligible Costs
Table 2 – Total Captured Incremental Taxes Estimates
Table 3 – Estimated Reimbursement Schedule

List of Appendices
Appendix 1          Brownfield Plan Resolution(s)
Appendix 2          Development/Reimbursement Agreement
Appendix 3          Notice to Taxing Jurisdictions
Appendix 4          Notice of Public Hearing
Appendix 5          “Facility” Status Documentation




\\CORP.FTCH.COM\ALLPROJECTS\2025\2500384\WORK\REPT\SUBMITTAL DOCUMENTATION\ACT 381_221 WEST WEBSTER LLC BROWNFIELD PLAN.DOCX



                                                                                                                                                                Page 47 of 157
Table of Contents                                                                                                              Fishbeck | Page ii


List of Abbreviations/Acronyms
Act 381                      Brownfield Redevelopment Financing Act, 1996 PA 381, as amended
Authority                    City of Muskegon Brownfield Redevelopment Authority
BEA                          Baseline Environmental Assessment
Developer                    221 West Webster, LLC
ESA                          Environmental Site Assessment
LBRF                         Local Brownfield Revolving Fund
NREPA                        Natural Resources and Environmental Protect Act
PA                           Public Act
Plan Amendment               Brownfield Plan Amendment
Property                     221 West Webster Avenue & 1040 2nd Street, Muskegon, Michigan 49440
QLGU                         Qualified Local Governmental Unit




\\CORP.FTCH.COM\ALLPROJECTS\2025\2500384\WORK\REPT\SUBMITTAL DOCUMENTATION\ACT 381_221 WEST WEBSTER LLC BROWNFIELD PLAN.DOCX



                                                                                                                                         Page 48 of 157
March 3, 2025                                                                                                                  Fishbeck | Page 1


1.0              Introduction
The City of Muskegon Brownfield Redevelopment Authority (the “Authority”) was established by the City of
Muskegon (the “City”) pursuant to the Brownfield Redevelopment Financing Act, Michigan Public Act (PA) 381 of
1996, as amended (“Act 381”). The primary purpose of Act 381 is to encourage the redevelopment of eligible
property by providing economic development incentives through tax increment financing for certain eligible
properties.
This Brownfield Plan Amendment (“Plan Amendment”) serves as an amendment to the City of Muskegon’s
existing Brownfield Plan, allowing the inclusion of the eligible property described in Sections 1.1 and 1.2 below.
Incorporation of eligible property into the City’s Brownfield Plan permits the use of tax increment financing to
reimburse 221 W Webster, LLC (“Developer”) for the cost of eligible activities required to redevelop the eligible
property. See Appendix 1 for copies of Plan Amendment resolutions.

1.1              Proposed Redevelopment and Future Use for Each Eligible Property
The Developer is in the process of redeveloping the formerly vacant Huntington Bank building, currently known as
Core Plaza, located at 221 West Webster Avenue and 1040 2nd Street (the “Property”). Since 2021, floor by floor
the building has been fully redeveloped as a multi-suite commercial structure. Once the redevelopment is
completed, the building will consist of 42,888 sq ft of restored commercial spaces. The redevelopment plans
include a restaurant, boutique commercial retail space, and office space. Construction began in 2021 and is
estimated to be completed in 2025/2026. Total investment in the redevelopment is estimated at $10,000,000
and an estimated 45 jobs will be created once the redevelopment is completed. The proposed site plan is
included in Figure 2.
This project serves a public purpose in the City of Muskegon, a Qualified Local Governmental Unit (QLGU),
expanding the tax base, investing significant capital into the community, and creating new jobs. Within walking
distance from both Muskegon Lake and Downtown Muskegon’s Social District, the Core Plaza building will attract
new businesses and companies looking for office/retail space into the heart of downtown Muskegon. There is no
existing hotel or hotel in development on this level of service within the region, so it will draw both community
members and national visitors looking to visit this region and Lake Michigan.

1.2              Eligible Property Information
Land Parcels:
Parcel ID: 61-24-205-333-0001-00
221 West Webster Avenue, Muskegon, Michigan 49440
Approximately 2.13 acres
Parcel ID: 61-24-205-333-0001-01
221 West Webster Avenue, Muskegon, Michigan 49440
Approximately 0.25 acres

Parcel ID: 61-24-205-333-0001-02
1040 2nd Street, Muskegon, Michigan 49440
Approximately 0.07 acres
OPRA Parcels:
Parcel ID: 61-24-958-021-0040-00
221 West Webster Avenue, Muskegon, Michigan 49440
Parcel ID: 61-24-957-021-0040-00



\\CORP.FTCH.COM\ALLPROJECTS\2025\2500384\WORK\REPT\SUBMITTAL DOCUMENTATION\ACT 381_221 WEST WEBSTER LLC BROWNFIELD PLAN.DOCX



                                                                                                                                        Page 49 of 157
March 3, 2025                                                                                                                  Fishbeck | Page 2


221 West Webster Avenue, Muskegon, Michigan 49440
The property is located in the City of Muskegon, a QLGU pursuant to Act 381.
The Property was historically developed in the 1880s for use as a cemetery and undertaker/mortuary business,
with its most recent use as a banking building. Additionally, the Property was developed in a known area of
historical industrial/construction fill material which is known to contain elevated levels of heavy metals. During
the acquisition of the Property in 2021, the Developer conducted the appropriate environmental due diligence
including a Phase I Environmental Site Assessment (ESA), Phase II ESA, Baseline Environmental Assessment (BEA),
and Documentation of Due Care Compliance Report (DDCCR). During the Phase II ESA concentrations of copper,
lead, mercury, and zinc were identified in the soil exceeding Michigan Department of Environment, Great Lakes,
and Energy (EGLE) Part 201 Generic Residential Cleanup Criteria (GRCC) and lead was identified in the
groundwater at concentrations exceeding the EGLE Part 201 GRCC.
The Developer is not a liable party and completed a BEA in accordance with Part 201 of the Natural Resources and
Environmental Protect Act, 1995 Public Act (PA) 451, as amended (NREPA) during the acquisition of the Property
in 2021.
Given the known soil and groundwater contamination, the Property is a “facility” pursuant to Part 201 of NREPA.
As such, it is considered an “eligible property” as defined by the Michigan Redevelopment Financing Act, Act 381
of 1996.
Maps depicting the location and layout of the Property are attached as Figures 1 and 2. Historic environmental
data tables and associated sample location maps are provided in Appendix 5.

2.0              Information Required by Section 13(2) of the Statute
2.1              Description of Costs to be Paid for with Tax Increment Revenues
This Brownfield Plan Amendment has been developed to reimburse existing and limited future costs incurred by
the Developer since redevelopment began in 2021. Tax increment revenues will be captured for reimbursement
from state school taxes (limited to preapproved activities) and local-only tax increment revenues.
The total cost of eligible activities anticipated to be reimbursed to the Developer is anticipated to be $838,500.
Authority administrative costs are anticipated to be up to $105,018. While all activities are eligible, as defined in
Act 381, the estimated eligible activities and costs under this plan are summarized in Table 1. The capture of tax
increment revenue for the Local Brownfield Revolving Fund (LBRF) is estimated to be up to $306,814.
2.1.1            Pre-Approved Activities
Eligible costs for reimbursement include Pre-Approved Activities, permitted to occur prior to Plan Amendment
adoption. Preparation of Phase I and II ESA(s), BEA, DDCCR, and a pre-demolition asbestos containing materials
(ACM) survey was necessary to protect the Developer from clean up liability for known/existing environmental
contamination. The total cost is anticipated to be $25,500.
Demolition costs, up to $250,000, are preapproved under Act 381 and all remaining demolition costs will be
reimbursed through local-only taxes. Building interior demolition was necessary to redevelop the building. The
total cost is anticipated to be $250,000.
The total Pre-Approved Activities cost is $275,500.
2.1.2            Local Only Activities
Significant demolition and asbestos abatement activities have been necessary to fully redevelop the activities.
Interior/site demolition activities (excluding the pre-approved activities) are anticipated at $400,000. During


\\CORP.FTCH.COM\ALLPROJECTS\2025\2500384\WORK\REPT\SUBMITTAL DOCUMENTATION\ACT 381_221 WEST WEBSTER LLC BROWNFIELD PLAN.DOCX



                                                                                                                                        Page 50 of 157
March 3, 2025                                                                                                                  Fishbeck | Page 3


interior demolition activities, significant amounts of ACMs were identified in which abatement was necessary.
Asbestos abatement activities are anticipated at $150,000. Total Local Only Activity cost is $550,000
2.1.3            Brownfield Plan/Work Plan Preparation
Preparation of the Brownfield Plan is estimated to cost $8,000 which is split between pre-approved state and
local only eligible activities.
2.1.4            Brownfield Plan/Work Plan Implementation
Implementation of the Brownfield Plan is estimated to cost $5,000.
2.1.5            Authority Administration Cost
Eligible costs incurred by the Authority are included in this plan as an eligible expense at 10% of annual local tax
increment capture per year (after the sunset of the PA 146). These expenses will be reimbursed with local tax
increment revenues only and are estimated to total as much as $105,018.
2.1.6            Local Brownfield Revolving Fund
The Authority intends to capture tax increments for deposits in the LBRF for an estimated five years, or as allowed
by the statute. This capture is estimated to be up to $306,814.

2.2              Summary of Eligible Activities
Environmental Activities
Pre-approved environmental costs and department specific activities are anticipated to be reimbursed through a
Brownfield Plan with state and local tax increment revenues.
Non-Environmental Activities
As the City of Muskegon is a QLGU, additional non-environmental costs defined in Section 2(o)(ii) of Act 381 can
be reimbursed through a Brownfield Plan. While all eligible activities as defined by Act 381 are eligible, this plan is
estimated to provide reimbursement of eligible building/site demolition, asbestos abatement, and development
of the Brownfield Plan costs. These costs will be reimbursed with state taxes (for a portion of the demolition up to
$250,000) and local-only tax increment revenues.
Authority Expenses
Eligible administrative costs incurred by the Authority are included as a flat fee of 10% of local tax capture.
Administration expenses will be reimbursed with local tax increment revenues only.

2.3              Estimate of Captured Taxable Value and Tax Increment Revenues
The base taxable value will be the 2024 combined taxable value, $1,630,486. An estimate of the captured taxable
value for this redevelopment by year is depicted in Table 2. This plan captures all available tax increment
revenues, including real and personal property tax increment revenues.
The Project started construction in 2021 and investment in the Project has occurred every year since. Tax
increment revenue collection will start within five years of the adoption of this plan and is anticipated to begin as
early as 2025.
Future taxable value estimates have been derived using the redevelopment information provided by the
Developer and reviewing market comparables. After the completion of the project, the projected taxable value is
estimated at $2,630,486. In addition to tax increment financing, a PA 146 Obsolete Property Rehabilitation Tax
Abatement was approved for the Project in 2021. The PA 146 was approved to abate the local taxes through 2029



\\CORP.FTCH.COM\ALLPROJECTS\2025\2500384\WORK\REPT\SUBMITTAL DOCUMENTATION\ACT 381_221 WEST WEBSTER LLC BROWNFIELD PLAN.DOCX



                                                                                                                                        Page 51 of 157
March 3, 2025                                                                                                                  Fishbeck | Page 4


and a 50% abatement of the state taxes through 2027. Reimbursements will be made on the actual tax increment
that is realized. The estimated captured taxable value for this redevelopment by year and in aggregate for each
taxing jurisdiction is depicted in tabular form (Table 2). Once eligible expenses are reimbursed, the Authority may
capture up to five full years of the tax increment and deposit the revenues into an LBRF or an amount not to
exceed the total cost of eligible activities. The Authority intends to capture tax increments for deposits in the LBRF
for an estimated five years. The plan also includes a flat fee of 10% of the local tax increment for administrative
and operating expenses of the Authority. A summary of the estimated reimbursement schedule and the amount
of capture into the LBRF by year and in aggregate is presented in Table 3.

2.4              Method of Financing and Description of Advances Made by the Municipality
The eligible activities contemplated under this plan will be financed by the Developer, as outlined in this plan and
the accompanying development and reimbursement agreement (Appendix 2). No advances from the City are
anticipated at this time.

2.5              Maximum Amount of Note or Bonded Indebtedness
At this time, there are no plans by the Authority to incur indebtedness to support the development of this site,
but such plans could be made in the future to assist in the development if the Authority so chooses.

2.6              Duration of Brownfield Plan
The Authority intends to begin the capture of tax increment as early as 2025. This plan will then remain in place
for 24 years, or until the eligible activities have been fully reimbursed and up to five full years of capture into the
LBRF (not to exceed the cost of eligible activities or 30 years), whichever occurs sooner. An analysis showing the
reimbursement schedule is attached in Table 3.

2.7              Estimated Impact of Tax Increment Financing on Revenues of Taxing
                 Jurisdictions
An estimate of the impact of tax increment financing on the revenues of all taxing jurisdictions is illustrated in
detail in Table 2.

2.8              Legal Description, Property Map, Statement of Qualifying Characteristics,
                 and Personal Property
A map showing eligible property dimensions is attached in Figure 1.
The legal descriptions for the parcels are as follows:
Land Parcels:
Parcel ID: 61-24-205-333-0001-00
CITY OF MUSKEGON REVISED PLAT OF 1903 LOT 1 TO 9 INCL BLK 333

Parcel ID: 61-24-205-333-0001-01
CITY OF MUSKEGON BUILDING ON LEASED LAND PARCEL

Parcel ID: 61-24-205-333-0001-02
CITY OF MUSKEGON BUILDING ON LEASED LAND PARCEL

OPRA Parcels:
Parcel ID: 61-24-958-021-0040-00



\\CORP.FTCH.COM\ALLPROJECTS\2025\2500384\WORK\REPT\SUBMITTAL DOCUMENTATION\ACT 381_221 WEST WEBSTER LLC BROWNFIELD PLAN.DOCX



                                                                                                                                        Page 52 of 157
March 3, 2025                                                                                                                  Fishbeck | Page 5


CITY OF MUSKEGON- OPRA REHAB
REAL ID NUMBER 24-205-333-0001-00
BEGINNING 12/30/2021
ENDING 12/30/2029
CERT #3-21-0040

Parcel ID: 61-24-957-021-0040-00
CITY OF MUSKEGON- OPRA REHAB (REAL FROZEN)
REAL ID NUMBER 24-205-333-0001-00
BEGINNING 12/30/2021
ENDING 12/30/2029
CERT #3-21-0040
The property is located in the City of Muskegon, a QLGU pursuant to Act 381. The property qualifies as “eligible
property” under Act 381 on the basis of meeting the definition of “facility.” This Brownfield Plan does intend to
capture tax increment revenues associated with personal property tax, if available.

2.9              Estimates of Residents and Displacement of Individuals/Families
There are no residents or families residing at this property, and thus no residents, families, or individuals will be
displaced by the project.

2.10             Plan for Relocation of Displaced Persons
No persons reside on the eligible property. Therefore, this section is not applicable.

2.11             Provisions for Relocation Costs
No persons reside on the eligible property. Therefore, this section is not applicable.

2.12             Strategy for Compliance with Michigan’s Relocation Assistance Law
No persons reside on the eligible property. Therefore, this section is not applicable.

2.13             Other Material that the Authority or Governing Body Considers Pertinent
None.




\\CORP.FTCH.COM\ALLPROJECTS\2025\2500384\WORK\REPT\SUBMITTAL DOCUMENTATION\ACT 381_221 WEST WEBSTER LLC BROWNFIELD PLAN.DOCX



                                                                                                                                        Page 53 of 157
Figures




     Page 54 of 157
                                                                                                                                                                                                                                                         e
                                                                                                                                                                                                                                                      enu




                                                                                                                                                                                                                                         im
                                                                                                                                                                                                                                                    Av




                                                                                                                                                                                                                                       dd
                                                                                                                                                                                                                                                 ke




                                                                                                                                                                                                                                     Ru
                                                                                                                                                                                                                                               La
                                                                                                                                                                       VICINITY MAP
                                                                                                                                                                           MICHIGAN


                                                                                                                                                                                                                                                                                                   Veterans
                                                                                                                                                                                                                                                                                                 Memorial Park
                                                                                                                                                                   Bear Lake
                                                                                                                                                                   Beach Park                                                                                                                          M 120
                                                                                                                                                                         North Muskegon
                                                                                                                                                                                                                                                                            Verplanks /
                                                                                                                                                     CITY OF
                                                                                                                                                    MUSKEGON                         _
                                                                                                                                                                                     ^                                                                                     Former Cobb
                                                                                                                                                 MUSKEGON COUNTY                                                                                                             plant site                                           M 120
                                                                                                                                                                        North                                                                                                    Verplanks
                                                                                                                                                                      Muskegon
                                                                                                                                                                      Waterfront
                                                                                                                                                                      Sports Park
                   ive                                                                                                                                                                                                                                                                                                                                                              Hard copy is
                Dr                                                                                                                                                                                                                                                                                                                                                                intended to be
           an                                                                                                                                                                                                                                                                                                                                                                     8.5"x11" when
      im




                                                                                                                                                                                                                                                                                                                             ay
                                                                                                                                                                                                                                                                                                                                                                                 plotted. Scale(s)
    dd                                                                                                                                                                                                                                                                                                                                                                             indicated and
  Ru




                                                                                                                                                                                                                                                                                                                          rkw
                                                                                                                                                                                                                                                r                                                                                                                               graphic quality may
                                                                                                                                                                                                                                             ive




                                                                                                                                                                                                                                                                                                                        Pa
                                                                                                                                                                                                                                                                                                                                                                                not be accurate for

                                                                                                                                                                                                                                  us k egon R                                                                                                                                     any other size.
                                                                                                                                                                                                                                M




                                                                                                                                                                                                                                                                                                                     es
                                                                                                                                                                                                                                                                                                                  Jon
                                                                                                                                                                                                                                                                                                                  J
                                                                                                                                                                                                                                                                                                                                          Marquette Avenue




                                                                                                                                                                                                                                                                                                              ses
                                                                                                                                                                                                                                                                                                            Mo




                                                                                                                                                                                                                                                                                                                                                                   221 West Webster Street
                r                                                                                                                                                                                                                                                                                                Green Acres
            Rive                                                                                                                                                                                                                                          ive
                                                                                                                                                                                                                                                                       BUS US 31                                    Park
          n
        go
                                                                                                                                                                                                                                                         Dr




      ke
                                                                                                                                                                                                                                                    line




                                                                                                                                                                                                                                                                          Te
                                                                                                                                                                                                                                                 ore
   s
 Mu




                                                                                                                                                                                                                                                                           rra




                                                                                                                                                                                                                                                                                                                                                                                             Muskegon, Michigan
                                                                                                                                                                                                                                               Sh



                                                                                                                                                                                                                                                                1s




                                                                                                                                                                                                                                                                              c




                                                                                                                                                                                                                                                 SITE




                                                                                                                                                                                                                                                                                                                                                                                                                  Brownfield Plan
                                                                                                                                                                                                                                                                               eS
                                                                                                                                                                                                                                                                 Stt




                                                                                                                                                                                                                                                                                 tre
                                                                                                                                                                                                                                                                   re
                                                                                                                                                                                                                                                                     et




                                                                                                                                                                                                                                                                                    et




                                                                                                                                                                                                                                                                  Muskegon                                                           M 46
                PLOT INFO: Z:\2025\2500384\CAD\GIS\ProProj\Michigan ESA.aprx Layout: FIG01_Location Map Date: 2/27/2025 8:50 AM User: ebuyce




                                                                                                                                                                                                 Division Street




                                                                                                                                                                                                                                                                                                                                     Oakwood
                                                                                                                                                                                                                                              West Southern Avenue
                                                                                                                                                                                                                                                                                                                                     Cemetery




                                                                                    West Laketon Avenue
                                                                                                                                                                                                                                         West Laketon Avenue
                                                                                                                                                                                                                                                                                                                         East Laketon Avenue
                                                                                                                                                Catholic
                                                                                                                                               Central High
                                                                                                                                                 School
                                                                                                                                                                                                                                                                                Sanford Street




                                                                                                                                                                                                                                                                                                                                                               South Getty Street
                                                                                                                                                                                                                                                                                Peck Street




                                                                                                                                                                                                                             BUS US 31
                                                                                                                                                                                                                             BUS US 31
                                                                                                                                                                                                                                                                                                                                                                                PROJECT NO.
                                                                                                                                                                                                                                                                                                                                                                                     2500384
                                                                                                                                                                         LOCATION MAP
                                                                                                                                                                                                              Henry Street




                                                                                                                                                                                                                                                                                                                                                                                    FIGURE NO.

                                                                                                                                                   NORTH                 0               1,000
                                                                                                                                                                                                                      FEET
                                                                                                                                                                                                                   2,000
                                                                                                                                                                                                                                                                                                                              DATA SOURCES: ESRI STREET MAP.
                                                                                                                                                                                                                                                                                                                                                                                                   1
                                                                                                                                               ©Copyright 2025 All Rights Reserved
man Boulevard
                                                                                                                                                                                                                                                                                                                                                                Page 55 of 157
                                                                                                                                                                                                                                                                          ef
                                                                                                                                                                                                                                                                               fe
                                                                                                                                                                      1s




                                                                                                                                                                                                                                                                                 rs
                                                                                                                                                                                                                                                                                      on
                                                                                                                                                                          tS
                                                                                                                                                                                                                                                                    e
                                                                                                                                                                                                                                                                   LEGEND
                                                                                                                                                                                                                                                               Av




                                                                                                                                                                             t




                                                                                                                                                                                                                                                                                          St
                                                                                                                                                                                                                                                          ay
                                                                                                                                                                                                                                                     Cl                                 Approximate Property Boundary
                                                                                                                                                                                                                                                 W


                                                                                                                                                                                                                                                               Hennesse's
                                                                                                                                                                                                                                                                Irish Pub
                                                                                                                                                                                                                                 St. Marys of
                                                                                                                                                                                                                               the Immaculate
                                                                                                                                                                                                                                 Conception
                                                                                                                                                                                                                                    rectory


                                                                                                                                                                                      e
                                                                                                                                                                                 Av




                                                                                                                                                                                                                                                                                                                Je
                                                                                                                                                                                                                                             St. Mary of the
                                                                                                                                                                             y




                                                                                                                                                                                                                                                                                                                     ffe
                                                                                                                                                                         a                                                                    Immaculate
                                                                                                                                                                      Cl                                                                      Conception
                                                                                                                                                                                                                                                                                                                                                             Hard copy is




                                                                                                                                                                                                                                                                                                                      rs
                                                                                                                                                                  W                                                                                                                                                                                        intended to be




                                                                                                                                                                                                                                                                                                                        on
                                                                                                                                                                                                                                                                                                                                                           8.5"x11" when
                                                                                                                                                                                                                                                                                          ve                                                              plotted. Scale(s)
                                                                                                                                                                                                                                                                                      A                                                                     indicated and




                                                                                                                                                                                                                                                                                                                             St
                                                                                                                                                                                                                                                                                 er
                                                                                                                                                                                                                                                                                                                                                         graphic quality may

                                                                                                                                                                                                                                                                            st
                                                                                                                                                                                                                                                                                                                                                         not be accurate for
                                                                                                                                                                                                                                                                                                                                                           any other size.
                                                                                                                                                                                                                                                                       eb
                                                                                                                                                                                                                                                                   W
                                                                                                                                                                                                                                                               W




                                                                                                                                                                                                                                                                                                                                               221 West Webster Street
                                                                                                                                                                                                                                  61-24-205-333-0001-01                                                                                   ve
                                                                                                                                                                                                                                                                                                                                      A



                                                                                                                                                                                                                                                                                      1s
                                                                                                                                                                                                                                                                                                                                 on
                                                                                                                                                                                                                                                                                                                            eg


                                                                                                                                                                                                                                                                                          tS
                                                                                                                                                                                                                                                                                                                        k
                                                                                                                                                                                                                                                                                                                     us


                                                                                                                                                                                                                                                                                             t




                                                                                                                                                                                                                                                                                                                                                                         Muskegon, Michigan

                                                                                                                                                                                                                                                                                                                                                                                              Brownfield Plan
                                                                                                                                                   Greater
                                                                                                                                                                                                                                                                                                                 M
                                                                                                                                                                                                                                                                                                           W
                                                                                                                                                  Muskegon
                                                                                                                                                 Woman's Club
                                                                                                                                                                                                                       61-24-205-333-0001-00
                                                                                                                                                                                  2n
                                                                                                                                                                                      d




Muskegon Art
                                                                                                                                                                                          St




  Museum
                                                                                                                                                                                                                                                                                                  1s
                                                                                                                                                                                                  61-24-205-333-0001-02                                                                             tS
                                                                                                                                                                                                                                                                                                       t
                                                                                                                                                                                                                                                                                   ve
                                                                                                                                                                                                                                                                               A
                                                                                                                                                                                                                                                                          on
                                                                                                                                                                                                                                                                     eg
PLOT INFO: Z:\2025\2500384\CAD\GIS\ProProj\Michigan ESA.aprx Layout: FIG02_Site Map Date: 2/27/2025 8:50 AM User: ebuyce




                                                                                                                                                                                                                                                                 k
                                                                                                                                                                                                                                                              us
                                                                                                                                                                                                                                                          M
                                                                                                                                                                                                                                                     W
                                                                                                                                American Red
                                                                                                                                   Cross                                                      Central United
                                                                                                                                                                                                Methodist
                                                                                                                                                                                                 Church
                                                                                                                                                                                                                                                                                                           1s t St




                                                                                                                                                                                                                           e
                                                                                                                                                                                                                      Av
                                                                                                                                                                                                                  n
                                                                                                                                                                                                                                        2n




                                                                                                                                                                                                             go
                                                                                                                                                                                                                                          d St




                                                                                                                                                                                                         e
                                                                                                                                                                                                  u   sk
                                                                                                                                                                                              M
                                                                                                                                                                                          W
                                                                                                                                                                                                                                                          H a mi l ton Ave




                                                                                                                                                                                                                                                                                                                                                          PROJECT NO.
                                                                                                                                                                                                                                        St




                                                                                                                                                                                                                                                                                                                                                                 2500384
                                                                                                                                                     SITE MAP                                                                            d
                                                                                                                                                                  3r




                                                                                                                                                                                                                                      2n
                                                                                                                                                                      d




                                                                                                                                                                                                                                                                                                                                                              FIGURE NO.
                                                                                                                                                                                                                                        2nd St
                                                                                                                                                                      St




                                                                                                                                                                                                                                                                                                                                                                                2
                                                                                                                                                                                   FEET
                                                                                                                               NORTH                 0           75              150
                                                                                                                                                                                                                                                                       DATA SOURCES: ESRI HYRBID REFERENCE LAYER & MiSAIL IMAGERY.

                                                                                                                           ©Copyright 2025 All Rights Reserved
                                                                                                                                                                                                                           e
                                                                                                                                                                                                                      Av                                                                                                                       Page 56 of 157
                                                                                                                                                                                                              n
                       221 W. Webster Avenue | Muskegon, MI 49440




Listed By:
TROY WASSERMAN                   BRYAN BENCH
231 750 9627                     231 578 2508
[email protected]     [email protected]          Page 57 of 157
                                                                                                                              FLOOR 1
PROPERTY OVERVIEW
Core Plaza is a 42,888 square foot building currently occupied and being simultaneously restored level by level, to a full-
service multi-use development in downtown Muskegon.

FLOOR 1 | LUMBERMAN’S VAULT

Be a part of Muskegon's newest downtown hot spot. Lumberman's Vault will be a showcase for some of Muskegon's best
ingredients, chefs, and entrepreneurs. The food stalls will house chef-driven concepts that work cohesively together.
Lumberman's Vault will also be home to Liquid Assets, Muskegon's newest cocktail bar and lounge. The street-level
mezzanine overlooking the food court and cocktail lounge will be home to retail bays perfect for boutique like storefronts,
Salons, gift shops and more. The building will be a destination hub connecting people through food while preserving the
legacy of a celebrated downtown landmark.

FLOOR 2 | BOUTIQUE RETAIL SUITES

The second floor which will overlook The Lumberman's Vault food court and Liquid Assets Cocktail & Wine Bar will be home
to eight unique, boutique like retail suites. Various suite sizes and build-out options are available. The restoration of the
building is centered on preserving many original features such as the bank vault, safety deposit boxes, newspaper clippings
and construction photos. Call or email to set up a tour to see for yourself one of Downtown Muskegon's exciting new
projects.

FLOORS 3 & 4 | OCCUPIED BY CORPORATE OFFICE USERS

FLOOR 5 | COWORKING OFFICE SUITES

Multiple lease options are available ranging in size from 106 – 197 SF. Rates are gross, with use of nicely-appointed reception
area, conference rooms, and employee kitchen/break area.

FLOOR 6 | OCCUPIED BY CORPORATE OFFICE USER

Listed By:
TROY WASSERMAN                                BRYAN BENCH
231 750 9627                                  231 578 2508
[email protected]                  [email protected]                                          Page 58 of 157
                                                                   FLOOR 5




Listed By:
TROY WASSERMAN                 BRYAN BENCH
231 750 9627                   231 578 2508
[email protected]   [email protected]   Page 59 of 157
                                                                   FLOOR 5




Listed By:
TROY WASSERMAN                 BRYAN BENCH
231 750 9627                   231 578 2508
[email protected]   [email protected]   Page 60 of 157
Tables




    Page 61 of 157
                                Table 1 – Summary of Eligible Costs
                                     Act 381 Brownfield Plan
                                221 Webster, Muskegon, Michigan

EGLE Eligible Activities Costs and Schedule

                           EGLE Eligible Activities                                  Cost
Department Specific Activities                                                   $          25,500
  Phase I ESA, Phase II ESA, BEA                                                 $          20,500
  Asbestos Survey                                                                $           5,000
                                              EGLE Eligible Activities Subtotal $           25,500
Brownfield Plan/Work Plan Preparation                                            $           2,000
                                            EGLE Eligible Activities Total Costs $          27,500

MEDC Eligible Activities Costs and Schedule

                           MEDC Eligible Activities                                  Cost
Demolition (Pre-Approved)                                                  $           250,000
  Demolition                                                               $           250,000
                                       MEDC Eligible Activities Subtotal $             250,000
Brownfield Plan/Work Plan Preparation                                      $             2,000
                                      MEDC Eligible Activities Total Costs $           252,000



Local Only Eligible Activities Costs and Schedule

                         Local Only Eligible Activities                              Cost
Demolition Activities                                                         $        550,000
  Site Demolition                                                             $        400,000
  Asbestos Abatement                                                          $        150,000
                                      Local Only Eligible Activities Subtotal $        550,000
Brownfield Plan/Work Plan Preparation                                         $          4,000
Brownfield Plan/Work Plan Implementation                                      $          5,000
                                   Local Only Eligible Activities Total Costs $        559,000




                                                                                                     3/3/2025
                                                                                                     Page 62 of 157
                                                                                                                                                                                                                                                                  Table 2 – Total Captured Incremental Taxes Schedule
                                                                                                                                                                                                                                                                                 Act 381 Brownfield Plan
                                                                                                                                                                                                                                                                                    221 West Webster
                                                                                                                                                                                                                                                                                      Muskegon, MI
                                                                                                                 OPRA Period
                     Estimated Taxable Value (TV) Increase Rate: 2% increase per year
                                                         Plan Year         1                  2                      3                   4                   5                   6                   7                   8                   9                  10                  11                  12                  13                  14                  15                  16                  17                  18                  19                  20                  21                  22                  23                  24                  Totals
                                                     Calendar Year       2025                2026                   2027                2028                2029                2030                2031                2032                2033                2034                2035                2036                2037                2038                2039                2040                2041                2042                2043                2044                2045                2046                2047                2048
                                               *Base Taxable Value   $      1,630,486 $        1,630,486 $            1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $         1,630,486 $                   -
                                               Future Taxable Value $       2,630,486    $     2,683,096     $        2,736,758     $     2,791,493     $     2,847,323     $     2,904,269     $     2,962,354     $     3,021,602     $     3,082,034     $     3,143,674     $     3,206,548     $     3,270,679     $     3,336,092     $     3,402,814     $     3,470,870     $     3,540,288     $     3,611,094     $     3,683,315     $     3,756,982     $     3,832,121     $     3,908,764     $     3,986,939     $     4,066,678     $     4,148,011     $                   -
                          Incremental Difference (New TV - Base TV) $      1,000,000     $     1,052,610     $        1,106,272     $     1,161,007     $     1,216,837     $     1,273,783     $     1,331,868     $     1,391,116     $     1,451,548     $     1,513,188     $     1,576,062     $     1,640,193     $     1,705,606     $     1,772,328     $     1,840,384     $     1,909,802     $     1,980,608     $     2,052,829     $     2,126,496     $     2,201,635     $     2,278,278     $     2,356,453     $     2,436,192     $     2,517,525     $                   -


School Capture                                   Millage Rate
School Operating                                         18.0000     $          18,000 $            18,947 $               19,913 $            20,898 $            21,903 $            22,928 $            23,974 $            25,040 $            26,128 $            27,237 $            28,369 $            29,523 $            30,701 $            31,902 $            33,127 $            34,376 $            35,651 $            36,951 $            38,277 $            39,629 $            41,009 $            42,416 $            43,851 $            45,315 $          736,067
State Education Tax (SET)                                 6.0000     $           6,000 $             6,316 $                6,638 $             6,966 $             7,301 $             7,643 $             7,991 $             8,347 $             8,709 $             9,079 $             9,456 $             9,841 $            10,234 $            10,634 $            11,042 $            11,459 $            11,884 $            12,317 $            12,759 $            13,210 $            13,670 $            14,139 $            14,617 $            15,105 $          245,356
                               School Total             24.0000      $          24,000   $          25,263   $             26,551   $          27,864   $          29,204   $          30,571   $          31,965   $          33,387   $          34,837   $          36,317   $          37,825   $          39,365   $          40,935   $          42,536   $          44,169   $          45,835   $          47,535   $          49,268   $          51,036   $          52,839   $          54,679   $          56,555   $          58,469   $          60,421   $        981,423


Local Capture                                    Millage Rate
County Operating                                          5.5637     $           5,564 $             5,856 $                6,155 $             6,459 $             6,770 $             7,087 $             7,410 $             7,740 $             8,076 $             8,419 $             8,769 $             9,126 $             9,489 $             9,861 $            10,239 $            10,626 $            11,020 $            11,421 $            11,831 $            12,249 $            12,676 $            13,111 $            13,554 $            14,007 $          227,514
County Museum                                             0.3169     $            317 $               334 $                    351 $             368 $               386 $               404 $               422 $               441 $               460 $               480 $               499 $               520 $               541 $               562 $               583 $               605 $               628 $               651 $               674 $               698 $               722 $               747 $               772 $               798 $               12,959
County Veterans                                           0.0739     $             74 $                78 $                    82 $               86 $                90 $                94 $                98 $               103 $               107 $               112 $               116 $               121 $               126 $               131 $               136 $               141 $               146 $               152 $               157 $               163 $               168 $               174 $               180 $               186 $                3,022
Senior Citizen Services                                   0.4921     $            492 $               518 $                    544 $             571 $               599 $               627 $               655 $               685 $               714 $               745 $               776 $               807 $               839 $               872 $               906 $               940 $               975 $              1,010 $             1,046 $             1,083 $             1,121 $             1,160 $             1,199 $             1,239 $              20,123
Central Dispatch                                          0.2952     $            295 $               311 $                    327 $             343 $               359 $               376 $               393 $               411 $               428 $               447 $               465 $               484 $               503 $               523 $               543 $               564 $               585 $               606 $               628 $               650 $               673 $               696 $               719 $               743 $               12,072
Community College                                         2.1693     $           2,169 $             2,283 $                2,400 $             2,519 $             2,640 $             2,763 $             2,889 $             3,018 $             3,149 $             3,283 $             3,419 $             3,558 $             3,700 $             3,845 $             3,992 $             4,143 $             4,297 $             4,453 $             4,613 $             4,776 $             4,942 $             5,112 $             5,285 $             5,461 $              88,708
MAISD                                                     4.6773     $           4,677 $             4,923 $                5,174 $             5,430 $             5,692 $             5,958 $             6,230 $             6,507 $             6,789 $             7,078 $             7,372 $             7,672 $             7,978 $             8,290 $             8,608 $             8,933 $             9,264 $             9,602 $             9,946 $            10,298 $            10,656 $            11,022 $            11,395 $            11,775 $          191,267
City Operating                                            9.8554     $           9,855 $            10,374 $               10,903 $            11,442 $            11,992 $            12,554 $            13,126 $            13,710 $            14,306 $            14,913 $            15,533 $            16,165 $            16,809 $            17,467 $            18,138 $            18,822 $            19,520 $            20,231 $            20,957 $            21,698 $            22,453 $            23,224 $            24,010 $            24,811 $          403,013
City Sanitation                                           2.9364     $           2,936 $             3,091 $                3,248 $             3,409 $             3,573 $             3,740 $             3,911 $             4,085 $             4,262 $             4,443 $             4,628 $             4,816 $             5,008 $             5,204 $             5,404 $             5,608 $             5,816 $             6,028 $             6,244 $             6,465 $             6,690 $             6,919 $             7,154 $             7,392 $          120,077
Hackley Library                                           2.3516     $           2,352 $             2,475 $                2,602 $             2,730 $             2,862 $             2,995 $             3,132 $             3,271 $             3,413 $             3,558 $             3,706 $             3,857 $             4,011 $             4,168 $             4,328 $             4,491 $             4,658 $             4,827 $             5,001 $             5,177 $             5,358 $             5,541 $             5,729 $             5,920 $              96,163
MPS Sinking                                               0.9712     $            971 $              1,022 $                1,074 $             1,128 $             1,182 $             1,237 $             1,294 $             1,351 $             1,410 $             1,470 $             1,531 $             1,593 $             1,656 $             1,721 $             1,787 $             1,855 $             1,924 $             1,994 $             2,065 $             2,138 $             2,213 $             2,289 $             2,366 $             2,445 $              39,715
                                 Local Total            29.7030      $          29,703   $          31,266   $             32,860   $          34,485   $          36,144   $          37,835   $          39,560   $          41,320   $          43,115   $          44,946   $          46,814   $          48,719   $          50,662   $          52,643   $          54,665   $          56,727   $          58,830   $          60,975   $          63,163   $          65,395   $          67,672   $          69,994   $          72,362   $          74,778   $      1,214,633


Non-Capturable Millages                          Millage Rate
Community College Debt                                    0.2700     $            135 $               142 $                    149 $             157 $               164 $               172 $               180 $               188 $               196 $               204 $               213 $               221 $               461 $               479 $               497 $               516 $               535 $               554 $               574 $               594 $               615 $               636 $               658 $               680 $                8,920
Hackley Debt                                              0.4999     $            250 $               263 $                    277 $             290 $               304 $               318 $               333 $               348 $               363 $               378 $               394 $               410 $               853 $               886 $               920 $               955 $               990 $              1,026 $             1,063 $             1,101 $             1,139 $             1,178 $             1,218 $             1,259 $              16,514
MPS Debt (2020 & 2021)                                    7.7500     $           3,875 $             4,079 $                4,287 $             4,499 $             4,715 $             4,936 $             5,161 $             5,391 $             5,625 $             5,864 $             6,107 $             6,356 $            13,218 $            13,736 $            14,263 $            14,801 $            15,350 $            15,909 $            16,480 $            17,063 $            17,657 $            18,263 $            18,880 $            19,511 $          256,024
                   Non-Capturable Total                   8.5199     $           4,260   $           4,484   $              4,713   $           4,946   $           5,184   $           5,426   $           5,674   $           5,926   $           6,184   $           6,446   $           6,714   $           6,987   $          14,532   $          15,100   $          15,680   $          16,271   $          16,875   $          17,490   $          18,118   $          18,758   $          19,411   $          20,077   $          20,756   $          21,449   $        281,458




        Total Tax Increment Revenue (TIR) Available for Capture $               12,000 $            12,631 $               13,275 $            27,864 $            29,204 $            68,406 $            71,525 $            74,707 $            77,952 $            81,263 $            84,639 $            88,083 $            91,596 $            95,179 $            98,834 $          102,562 $           106,365 $           110,243 $           114,199 $           118,234 $           122,350 $           126,549 $           130,831 $           135,199 $         1,993,692

NOTES:

Winter 2024 and Summer 2024 Millages




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                3/3/2025

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                Page 63 of 157
                                                                                                                                                                                                                                                                               Table 3 – Estimated Reimbursement Schedule
                                                                                                                                                                                                                                                                                           Act 381 Brownfield Plan
                                                                                                                                                                                                                                                                                             221 W Webster, LLC
                                                                                                                                                                                                                                                                                            221 W Webster Street
                                                                                                                                                                                                                                                                                                Muskegon, MI
                                                          Developer
                                                                                                       School & Local
                                                           Maximum            Proportionality                              Local-Only Taxes           Total
                                                                                                           Taxes
                                                        Reimbursement                                                                                                                                                                                                                           Estimated Capture
                                                            State                 45.0%            $             172,656 $                -   $             172,656                                                               Estimated Total                                               Administrative Fees                           $         105,018
                                                                                                                                                                                                                                                           24
                                                            Local                 55.0%            $             106,844 $            559,000 $             665,844                                                                Years of Plan:                                               State Brownfield Redevelopment Fund           $          37,495
                                                           TOTAL                                                                                                                                                                                                                                Local Brownfield Revolving Fund               $         306,814
                                                         Local-Only               66.7%                                    $          559,000 $             559,000
                                                        Pre-Approved              33.3%            $             279,500   $              -   $             279,500

                                                                                     1                       2                    3                     4                  5                   6                   7                     8                  9                    10                      11                    12                  13                  14                  15                  16                  17                   18                  19                  20                   21                   22                   23                   24
                                                                                   2025                    2026                 2027                  2028                2029                2030                2031                 2032                2033                 2034                    2035                  2036                2037                2038                2039                2040                2041                 2042                2043                2044                 2045                 2046                 2047                 2048                TOTAL
Total State Incremental Revenue                                           $            24,000      $           25,263      $        26,551 $              27,864 $               29,204 $            30,571 $            31,965 $             33,387 $            34,837 $             36,317 $                       - $                 - $                 - $                 - $                 - $                 - $                  - $                 - $                 - $                  - $                  - $                  - $                  - $                 - $        299,957
OPRA (50%)                                                                $            12,000      $           12,631      $        13,275                                                                                                                                                                                                                                                                                                                                                                                                                                                       $         37,907
State Brownfield Redevelopment Fund (50% of SET)                          $             3,000      $            3,158      $         3,319 $                  3,483 $             3,651 $             3,821 $             3,996 $              4,173 $             4,355 $              4,540 $                       - $                 - $                 - $                 - $                 - $                 - $                  - $                 - $                 - $                  - $                  - $                  - $                  - $                 - $         37,495
State TIR Available for Reimbursement                                     $             9,000      $            9,473      $         9,956 $                 24,381 $            25,554 $            26,749 $            27,969 $             29,213 $            30,482 $             31,777 $                       - $                 - $                 - $                 - $                 - $                 - $                  - $                 - $                 - $                  - $                  - $                  - $                  - $                 - $        224,556

Total Local Incremental Revenue                                           $               29,703   $              31,266   $           32,860     $          34,485   $          36,144 $            37,835 $            39,560 $             41,320 $            43,115 $             44,946 $                46,814 $              48,719 $            50,662 $            52,643 $            54,665 $            56,727 $             58,830 $            60,975 $            63,163 $            65,395 $             67,672 $             69,994 $             72,362 $            74,778 $       1,214,633
OPRA (100%)                                                               $               29,703   $              31,266   $           32,860     $          34,485   $          36,144                                                                                                                                                                                                                                                                                                                                                                                                         $         164,457
BRA Administrative Fee (10%)                                              $                    -   $                   -   $                -     $               -   $               - $             3,784 $             3,956 $              4,132 $             4,312 $              4,495 $                 4,681 $               4,872 $            5,066 $              5,264 $             5,466 $             5,673 $              5,883 $             6,098 $             6,316 $             6,540 $              6,767 $              6,999 $              7,236 $             7,478 $         105,018
Local TIR Available for Reimbursement                                     $                    -   $                   -   $                -     $               -   $               - $            34,052 $            35,604 $             37,188 $            38,804 $             40,452 $                42,132 $              43,847 $           45,595 $             47,379 $            49,198 $            51,054 $             52,947 $            54,878 $            56,847 $            58,856 $             60,905 $             62,994 $             65,126 $            67,300 $         945,159

Total State & Local TIR Available                                         $                9,000   $               9,473   $            9,956     $          24,381   $          25,554   $          60,801   $          63,574   $           66,402   $          69,286   $           72,229   $              42,132     $          43,847   $         45,595    $          47,379   $          49,198   $          51,054   $           52,947   $          54,878   $          56,847   $          58,856    $          60,905    $          62,994    $          65,126    $         67,300    $    1,169,715
                                                          Beginning
DEVELOPER                                                  Balance
Reimbursement Balance                               $          838,500    $              829,500   $             820,027   $          810,070     $         785,689   $        760,135    $        699,334    $        635,761    $          569,359   $        520,196    $          479,745   $             437,612     $         393,765   $     348,170       $         300,791   $         251,592   $         200,538   $          147,591   $          92,714   $          35,867   $                - $                  - $                  - $                  - $                 - $               -




Pre-Approved Activities (EGLE/MEDC)         $                  279,500 $                 279,500   $             270,500   $          261,027     $         251,070   $        226,689    $        201,135    $        140,334    $           76,761   $          10,359   $                -   $                     -   $               -   $               -   $               -   $               -   $               -   $                -   $               -   $               -   $                -   $                -   $                -   $                -
   State Tax Reimbursement                  $                  172,656 $                   9,000   $               9,473   $            9,956     $          24,381   $         25,554    $         26,749    $         27,969    $           29,213   $          10,359   $                -   $                     -   $               -   $               -   $               -   $               -   $               -   $                -   $               -   $               -   $                -   $                -   $                -   $                -                       $      172,656
   Local Tax Reimbursement                  $                  106,844 $                       -   $                   -   $                -     $               -   $              -    $         34,052    $         35,604    $           37,188   $               -   $                -   $                     -   $               -   $               -   $               -   $               -   $               -   $                -   $               -   $               -   $                -   $                -   $                -   $                -                       $      106,844
   Total Pre-Approved Reimbursement Balance                            $                 270,500   $             261,027   $          251,070     $         226,689   $        201,135    $        140,334    $         76,761    $           10,359   $               -   $                -   $                     -   $               -   $               -   $               -   $               -   $               -   $                -   $               -   $               -   $                -   $                -   $                -   $                -

Local-Only Costs                                    $          559,000 $                 559,000 $               559,000 $            559,000 $             559,000 $          559,000 $           559,000 $           559,000 $             559,000 $          559,000 $             520,196 $               479,745 $             437,612 $           393,765 $           348,170 $           300,791 $           251,592 $            200,538 $           147,591 $            92,714 $            35,867 $                   - $                  - $                  - $                 - $               -
   Local Tax Reimbursement                          $          559,000 $                       - $                     - $                  - $                   - $                - $                 - $                 - $                   - $           38,804 $              40,452 $                42,132 $              43,847 $            45,595 $            47,379 $            49,198 $            51,054 $             52,947 $            54,878 $            56,847 $            35,867 $                   - $                  - $                  - $                 - $        559,000
   Total Local-Only Reimbursement Balance                              $                 559,000 $               559,000 $            559,000 $             559,000 $          559,000 $           559,000 $           559,000 $             559,000 $          520,196 $             479,745 $               437,612 $             393,765 $           348,170 $           300,791 $           251,592 $           200,538 $            147,591 $            92,714 $            35,867 $                  - $                  - $                  - $                  - $                 - $        559,000


Total Annual Developer Reimbursement                                      $                9,000 $                 9,473 $              9,956 $              24,381 $            25,554 $            60,801 $            63,574 $             66,402 $            49,163 $             40,452 $                42,132 $              43,847 $            45,595 $            47,379 $            49,198 $            51,054 $             52,947 $            54,878 $            56,847 $            35,867 $                   - $                  - $                  - $                 - $        838,500

LOCAL BROWNFIELD REVOLVING FUND
LBRF Deposits *                                                              $              - $                 - $                           -   $               -   $               -   $               -   $               -   $                -   $               -   $                -   $                     -   $               -   $               -   $               -   $               -   $               -   $                -   $               -   $               -   $                -   $                -   $                -   $                -   $               -   $      306,814
     State Tax Capture                               $            27,500 $                  - $                 - $                           -   $               -   $               -   $               -   $               -   $                -   $          20,124   $            7,376   $                     -   $               -   $               -   $               -   $               -   $               -   $                -   $               -   $               -   $               -    $               -    $               -    $               -    $              -    $       27,500
     Local Tax Capture                               $           279,314 $                  - $                 - $                           -   $               -   $               -   $               -   $               -   $                -   $               -   $                -   $                     -   $               -   $               -   $               -   $               -   $               -   $                -   $               -   $               -   $          22,989    $          60,905    $          62,994    $          65,126    $         67,300    $      279,314
     Total LBRF Capture                              $           306,814 $                  - $                 - $                           -   $               -   $               -   $               -   $               -   $                -   $               -   $                -   $                     -   $               -   $               -   $               -   $               -   $               -   $                -   $               -   $               -   $               -    $               -    $               -    $               -    $              -    $            -
 * Up to five years of capture for LBRF Deposits after eligible activities are reimbursed. May be taken from state and local TIR.




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       3/3/2025

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Page 64 of 157
Appendix 1




        Page 65 of 157
Page Intentionally Left Blank
    Resolutions Pending




                                Page 66 of 157
Appendix 2




        Page 67 of 157
         Page Intentionally Left Blank
Development and Reimbursement Agreement Pending




                                                  Page 68 of 157
Appendix 3




        Page 69 of 157
Page Intentionally Left Blank
      Notices Pending




                                Page 70 of 157
Appendix 4




        Page 71 of 157
Page Intentionally Left Blank
      Notices Pending




                                Page 72 of 157
Appendix 5




        Page 73 of 157
Page 74 of 157
Page 75 of 157
Page 76 of 157
Page 77 of 157
Page 78 of 157
Page 79 of 157
Page 80 of 157
Page 81 of 157
Page 82 of 157
Page 83 of 157
Page 84 of 157
Page 85 of 157
Page 86 of 157
Page 87 of 157
Page 88 of 157
Page 89 of 157
Page 90 of 157
Page 91 of 157
Page 92 of 157
Page 93 of 157
Page 94 of 157
Page 95 of 157
Page 96 of 157
                 Agenda Item Review Form
           Muskegon Downtown Development
       Authority/Brownfield Redevelopment Authority
Commission Meeting Date: June 9, 2026                 Title: BRA: Brownfield Plan Amendment for
                                                      American Fabricated Products — 331 W. Laketon
                                                      Ave.

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

Brief Summary:
American Fabricated Products, INC (American Fab) has submitted a brownfield plan amendment for
the site located at 331 W. Laketon Ave.

Detailed Summary & Background:
American Fabricated Products, Inc. (American Fab) has submitted a request for a Brownfield Plan
Amendment for the property located at 331 W. Laketon Avenue. The Brownfield Plan Amendment
will facilitate the redevelopment of the former Intra City Dispatch facility by enabling the use of tax
increment financing (TIF) to reimburse the developer for eligible environmental and site
redevelopment activities associated with the creation of a new industrial facility.

The former Intra City Dispatch facility will be rehabilitated and occupied by American Fab, a West
Michigan-based manufacturer specializing in advanced metal fabrication, precision machining,
laser cutting, CNC machining, welding, robotic welding, metal forming, assembly, and prototype-to-
production manufacturing services. The company serves a diverse customer base across the
defense, automotive, furniture, industrial, logistics and warehousing, agricultural, medical, and food
service industries. American Fab supports both original equipment manufacturers (OEMs) and their
suppliers and is a supplier to prime and subcontract defense contractors, manufacturing
components for military defense vehicles.

The relocation and expansion of American Fab's operations to the City of Muskegon will retain 30
existing jobs and create an additional 22 jobs. The total project investment is estimated at $650,000.

The Brownfield Plan Amendment includes $75,202 in developer-eligible activities, consisting of $63,702
in pre-approved activities and $11,500 for Brownfield Plan Amendment preparation. In addition, the
plan includes $10,673 in Brownfield Redevelopment Authority administrative costs and $75,202 for the
Local Brownfield Revolving Fund (LBRF).

The reimbursement period is anticipated to remain in effect through 2045, with the collection of tax
increment revenues beginning in 2039. The duration of the reimbursement period may be adjusted
pending approval of the Industrial Facilities Exemption Certificate.

Goal/Action Item:


                                                                                              Page 97 of 157
2027 Goal 1: Destination Community & Quality of Life - Reduction of blighted commercial properties

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

Amount Requested:                                  Budgeted Item:
$161,077                                           Yes           No            N/A    X

Fund(s) or Account(s):                             Budget Amendment Needed:
                                                   Yes           No            N/A    X

Recommended Motion:
I move to approve/disapprove the resolution for the Brownfield Plan Amendment located at 331 W.
Laketon Ave. and further request staff to set a public hearing before the City Commussion to
consider adoption of the plan.

Approvals:                                         Name the Policy/Ordinance Followed:
Immediate Division        X                        Act 381 of 1996, as amended
Head
Information
Technology
Other Division Heads
Communication
Legal Review




                                                                                          Page 98 of 157
                                                                                               March ‘17




                                       City of Muskegon
                            Brownfield Redevelopment Authority
                  Application for Inclusion in the Muskegon Brownfield Plan



Introduction

The purpose of the City of Muskegon Brownfield Redevelopment Authority is to provide financial
incentives for economic development projects within the City of Muskegon where environmental
contamination, blight, or functional obsolescence create an impediment to redevelopment of
property. Inclusion of a project in the Muskegon Brownfield Plan can result in certain eligible
activities being financed through tax increment financing. The statutory authorization for
Brownfield Authorities and Brownfield tax increment financing are found in Michigan’s Public Act
381 of 1996, as amended, the Brownfield Redevelopment Financing Act (Act 381).

What are the advantages of being included in the Muskegon Brownfield Plan?

Tax Increment Financing

Inclusion in the Brownfield Plan allows the developer/business the use of tax increment financing
for reimbursement of “eligible activities”. These may include:
        1) Environmental Response Activities, including Baseline Environmental Assessments,
             Due Care Activities, and other environmental response activities.
        2) Demolition
        3) Public Infrastructure Improvements
        4) Site Preparation
        5) Lead and Asbestos Abatement


Do you want to be in the City of Muskegon Brownfield Plan?

First, you need to ask yourself the following questions:
         1) Is the property where the project proposed a “facility”? (“Facility” is defined by Part
             201 of NREPA as property where the concentration of a hazardous substance in soil
             or groundwater exceeds the applicable Michigan Residential Generic Cleanup
             Criteria.)
         2) Is a building on the property where the project is proposed considered “Blighted”?
             Blighted is defined by Act 381, as property that meets any of the following criteria:
                 a) Has been declared a public nuisance in accordance with a local housing,
                      building, plumbing, fire, or other related code or ordinance;
                 b) Is an attractive nuisance to children because of physical condition, use, or
                      occupancy;
                 c) Is a fire hazard or is otherwise dangerous to the safety of persons or
                      property;
                 d) Has had the utilities, plumbing, heating, or sewerage permanently
                      disconnected, destroyed, removed, or rendered ineffective so that the
                      property is unfit for its intended use.
         3) Is the property where the project is proposed considered “Functionally Obsolete”?
             Functionally Obsolete is defined by Act 381, as “unable to be used to adequately
             perform the function for which it was intended due to a substantial loss in value
             resulting from factors such as overcapacity, changes in technology, deficiencies or
             super adequacies in design, or other similar factors that affect the property itself or
             the property’s relationship with other surrounding property.” The City would be
             involved in making this determination through a qualified assessor.




                                                  1

                                                                                                           Page 99 of 157
                                                                                               March ‘17




If you answer yes to any of the questions above, the following steps should be taken.

1) Contact the City of Muskegon Planning & Economic Development Department to discuss
   your project and discuss the project feasibility (appropriate development, proper zoning,
   eligible according to the applicable statute, etc).

2) City staff and/or Brownfield Consultant will work with you to discuss project eligibility and to
   evaluate the Brownfield incentives as they may apply to the proposed project (does it make
   sense for your company to pursue this incentive, or are other avenues more appropriate?)

3) Once the decision is made to proceed to prepare an amendment to the Brownfield Plan, the
   applicant then files an application to the City to be included in the Muskegon Brownfield Plan
   (see Fees below). The City staff and/or its Brownfield Consultant, and the applicant will
   identify the “eligible activities” that may be eligible for reimbursement through tax increment
   financing. Review and approval of eligible activities by the Michigan Strategic Fund (MSF)
   and/or the Michigan Department of Environmental Quality (MDEQ) will be required if school
   operating taxes will be captured for certain eligible activities. The applicant must submit a
   proposed amendment to the Muskegon Brownfield Plan. After review and discussion with the
   City staff, the proposed amendment to the Brownfield Plan will be presented to the Brownfield
   Redevelopment Authority for approval, then to the City Commission for a public hearing.

4) If approved by the Muskegon City Commission, the Brownfield Plan will be amended to
   include the project.


5) If eligible activities are identified and approved for reimbursement through tax increment
   financing, it will be necessary for the developer/business to pay the initial costs for MDEQ
   “eligible activities” and/or MSF eligible activities. Public infrastructure improvements may
   have alternative financing mechanisms. Act 381 also authorizes bonding; this is entirely
   subject to consideration and approval by the City. The financing and reimbursement of
   “eligible activities” through the Brownfield Plan amendment will be addressed in a
   Development and Reimbursement Agreement between the City and the Developer/Business.

Fees

There is an administrative fee for inclusion in the City of Muskegon Brownfield Plan. These costs
include staff time to review and evaluate the proposed Plan Amendment and Development and
Reimbursement Agreement, coordination between the developer/business, consultants, and city
preparation of and mailing of notices, etc. The fee for inclusion in the Brownfield Plan is
$5,000

Process for Adoption of Brownfield Plan Amendment


I.      Potential Brownfield Plan Amendment Applicant contacts the City of Muskegon
        Department of Planning and Economic Development regarding the City’s interest in
        helping to facilitate the proposed brownfield redevelopment project. If the project is
        located in the City of Muskegon, and is a “facility” (as defined in Part 201 of the
        Natural Resources and Environmental Protection Act, Act 451, Public Acts of Michigan,
        1994, as amended), or is “functionally obsolete” or “blighted”, as defined by the
        Brownfield Redevelopment Financing Act, Act 318 of 1996, as amended, and it appears
        that the proposed project is consistent with the City’s Master Land Use plan and any
        associated plan, the developer/business will coordinate with planning staff and/or the City
        Brownfield Consultant.




                                                  2

                                                                                                      Page 100 of 157
                                                                                             March ‘17




II.     The applicant works with the City of Muskegon staff/ Brownfield Consultant and evaluates
        whether inclusion in the Brownfield Plan is appropriate and beneficial to the proposed
        development project. If it is, the applicant prepares and submits a Brownfield Plan
        Application, (see Fees above). The Plan Amendment is required to be completed by the
        applicant and/or their consultant/attorney.


III.    The Applicant works with the City Planning & Economic Development Staff/Brownfield
        consultant to refine/ modify the Plan Amendment as necessary

IV.     The City schedules a Brownfield Redevelopment Authority (BRA) Meeting. The
        Brownfield Redevelopment Authority considers a resolution approving the Brownfield
        Plan Amendment and, if approved, recommends approval to the City Commission.


V.      The Developer/business prepares and submits a Development and Reimbursement
        Agreement to the City. This is reviewed and negotiated. When finalized, it is presented to
        the BRA for approval and forwarded to the City Commission for approval.

VI.     The City Commission adopts a resolution providing notice to taxing jurisdictions and
        applicable State Agencies (MDEA and/or MSF) setting a public hearing (the City
        Commission meets on the second and fourth Tuesday of each month, agenda items must
        be prepared by the Tuesday prior to City Commission meeting).

VII.    The City posts a notice of the public hearing. Not less than 10 days prior to the public
        hearing. The City sends notice of the public hearing to the legislative body of each taxing
        unit levying taxes subject to capture, as well as the MDEQ for plans including eligible
        environmental response activities and to the Michigan Strategic Fund (MSF) for plans
        including eligible non-environmental costs, not less than 10 days prior to the public
        hearing. The City Commission holds a public hearing on the adoption of the resolution
        approving the Brownfield Plan (not less than 10 days after sending notice of the proposed
        Brownfield Plan Amendment to the taxing jurisdictions).

VIII.   If the City Commission approves the Brownfield Plan Amendment, the
        Developer/Business develops an Act 381 work plan for the “eligible activities”. The
        Brownfield Authority submits the Act 381 to the appropriate state agency (MDEQ for
        eligible environmental response activities, MSF for Demolition, Public Infrastructure
        Improvements, Site Preparation, Lead and Asbestos Abatement) for review and approval.

IX.     The City of Muskegon will notify the County Assessor of the Plan Amendment.




                                                3

                                                                                                    Page 101 of 157
                                                                                              March ‘17




                                       City of Muskegon
                            Brownfield Redevelopment Authority
                  Application for Inclusion in the Muskegon Brownfield Plan


This application requests information that may be utilized to amend the “City of Muskegon
Brownfield Redevelopment Authority Brownfield Plan”, as originally approved by the City
Commission of the City of Muskegon on April 14, 1998. Please complete the information
requested below and return to the Planning Department, City of Muskegon. In order to process
the application, a fee of $5,000 is required.

Applicant Information
                                           AFP Real Estate, LLC
Company Name (Developer/Business):
                                 Russell Golemba
Contact Person and Title:

Contact Person Mailing Address:       16910 148th Ave., Spring Lake, MI 49456



Contact Person’s Phone Number:      616-607-8785                   Fax No.

Contact Person’s E-Mail Address:
                                         rsgolemba@american-fab

Project Information
                                   331 West Laketon Avenue, Muskegon, MI
Location of Eligible Property:



Legal Description/Parcel Number:        61-24-230-001-0001-11

Property Ownership:     AFP Real Estate, LLC




Current Use of Property:    Industrial manufacturing



Type of Brownfield Amendment Requesting: (Please check all that apply:)

        Tax Increment Financing for Eligible Activities
                                                           X
                                                          __________

Is the proposed site a “facility” (as defined by Part 201)? X            (Please provide a copy
of the executive summary of any environmental reports available, such as a Phase I or II
Environmental Site Assessment, or Baseline Environmental Assessment.)

Is the applicant’s property “blighted” (as defined by P.A. 381 of 1996)?            (Please
provide supporting information.)

Is the applicant’s property “functionally obsolete” (as defined by P.A. 381 of 1996)?
(Please provide supporting information.)



                                                 4

                                                                                                     Page 102 of 157
Page 103 of 157
Page 104 of 157
Page 105 of 157
Page 106 of 157
Page 107 of 157
Page 108 of 157
Page 109 of 157
Act 381 Brownfield Plan
331 West Laketon Avenue
Muskegon, Michigan

City of Muskegon Brownfield
Redevelopment Authority


Project No. 2600505
April 27, 2026




                          Page 110 of 157
Act 381 Brownfield Plan

331 West Laketon Avenue
Muskegon, Michigan




Prepared For:
City of Muskegon Brownfield Redevelopment Authority
Muskegon County, Michigan

April 27, 2026
Project No. 2600505

Recommended for Approval by the Muskegon Brownfield Redevelopment Authority on:
________________
Adopted by the City of Muskegon City Council on: ________________




                                                                                  Page 111 of 157
Table of Contents                                                                                                                                     Fishbeck | Page i


Project Fast Facts............................................................................................................................................................1

1.0         Introduction.......................................................................................................................................................2
            1.1     Proposed Redevelopment and Future Use for Each Eligible Property ...............................................2
            1.2     Eligible Property Information ..............................................................................................................2
                    1.2.1 Basis of Eligibility ....................................................................................................................2

2.0         Information Required by Section 13(2) of the Statute.....................................................................................3
            2.1    Description of Costs to be Paid for with Tax Increment Revenues ....................................................3
                   2.1.1 Pre-Approved Activities..........................................................................................................3
                   2.1.2 Brownfield Plan Amendment Preparation.............................................................................3
                   2.1.3 Authority Administration Cost ...............................................................................................3
                   2.1.4 Local Brownfield Revolving Fund ...........................................................................................3
            2.2    Summary of Eligible Activities..............................................................................................................3
            2.3    Estimate of Captured Taxable Value and Tax Increment Revenues ...................................................4
            2.4    Method of Financing and Description of Advances Made by the Municipality .................................4
            2.5    Maximum Amount of Note or Bonded Indebtedness.........................................................................4
            2.6    Duration of Brownfield Plan ................................................................................................................4
            2.7    Estimated Impact of Tax Increment Financing on Revenues of Taxing Jurisdictions .........................4
            2.8    Legal Description, Property Map, Statement of Qualifying Characteristics, and Personal Property.4
            2.9    Estimates of Residents and Displacement of Individuals/Families.....................................................5
            2.10   Plan for Relocation of Displaced Persons............................................................................................5
            2.11   Provisions for Relocation Costs ...........................................................................................................5
            2.12   Strategy for Compliance with Michigan’s Relocation Assistance Law................................................5
            2.13   Other Material that the Authority or Governing Body Considers Pertinent ......................................5




List of Figures
Figure 1 – Location Map of the Eligible Property
Figure 2 – Site Plan
Figure 3 – Sample Exceedance Map

List of Tables
Table 1 – Summary of Eligible Costs
Table 2 – Total Captured Incremental Taxes Estimates
Table 3 – Estimated Reimbursement Schedule

List of Appendices
Appendix 1 – Brownfield Plan Resolution(s)
Appendix 2 – Development/Reimbursement Agreement
Appendix 3 – BEA Acknowledgement




Z:\2026\2600505\WORK\REPT\BP_331 W LAKETON_2026_0427.DOCX



                                                                                                                                                                  Page 112 of 157
Table of Contents                                                                      Fishbeck | Page ii


List of Abbreviations/Acronyms
Act 381              Brownfield Redevelopment Financing Act, 1996 PA 381, as amended
Authority            City of Muskegon Brownfield Redevelopment Authority
BEA                  Baseline Environmental Assessment
BPA                  Brownfield Plan Amendment
DDCC                 Documentation of Due Care Compliance
Developer            AFP Real Estate, LLC
EGLE                 Michigan Department of Environment, Great Lakes, and Energy
ESA                  Environmental Site Assessment
LBRF                 Local Brownfield Revolving Fund
NREPA                Natural Resources and Environmental Protect Act
PA                   Public Act
TIF                  tax increment financing
QLGU                 Qualified Local Governmental Unit
VOCs                 volatile organic compounds




Z:\2026\2600505\WORK\REPT\BP_331 W LAKETON_2026_0427.DOCX



                                                                                               Page 113 of 157
April 27, 2026                                                                                                    Fishbeck | Page 1



                                                             Project Fast Facts
                                     331 West Laketon Avenue, Muskegon, Michigan
                                                      Address: 331 West Laketon Avenue, Muskegon, MI 49441
                                                      Parcel IDs: 61-24-230-001-0001-11
          Property Information
                                                      The subject property is developed with a 64,366 square-foot industrial
                                                      structure.

                                                      The Developer intends to rehabilitate the vacant industrial structure for
              Redevelopment
                                                      metal fabrication and machining operations.

                                                      Base Value (2026 Taxable Value): $552,800
                Taxable Value                         Anticipated Future Taxable Value: $802,800 *
                                                      *First full year after redevelopment

   Anticipated Development Cost                       $650,000

                TIF Requested                         Developer Eligible Activities $75,202

      Duration of Brownfield Plan                     19 Years

                                                      State/School: 45.4%
                                                      Muskegon County: 20.9%
                                                      City of Muskegon: 23.2%
    TIF Reimbursement by Source                       Intermediate School District/Sinking Fund: 10.5%
                                                      School Debt Incremental Revenues Generated: $29,412*
                                                      *Non-Capturable by the Brownfield Plan




Z:\2026\2600505\WORK\REPT\BP_331 W LAKETON_2026_0427.DOCX



                                                                                                                           Page 114 of 157
April 27, 2026                                                                                  Fishbeck | Page 2


1.0 Introduction
The City of Muskegon Brownfield Redevelopment Authority (the “Authority”) was established by the City of
Muskegon pursuant to the Brownfield Redevelopment Financing Act, Michigan Public Act (PA) 381 of 1996, as
amended (“Act 381”). The primary purpose of Act 381 is to encourage the redevelopment of an eligible property
by providing economic development incentives through tax increment financing for certain eligible properties.
This Brownfield Plan Amendment (BPA) has been prepared to incorporate 331 West Laketon Avenue, Muskegon,
Michigan (the “Property”) into the City’s existing Brownfield Plan to reimburse the cost of required environmental
due diligence and due care and response activity planning incurred by AFP Real Estate, LLC (Developer) to acquire
and renovate the vacant industrial structure for their business operations. See Appendix 1 for copies of the BPA
resolutions.

1.1               Proposed Redevelopment and Future Use for Each Eligible Property
The redevelopment involves one parcel of property, totaling approximately 2.94 acres, addressed as 331 West
Laketon Avenue, Muskegon, MI 49441. The property is currently occupied by a roughly 64,366 square foot
industrial warehouse. The Developer purchased the vacant industrial structure to renovate and relocate their
expanding business operations, American Fabricated Products, a West Michigan manufacturer specializing in
advanced metal fabrication and machining. The total project investment is anticipated to be more than $650,000.
The City of Muskegon is a Qualified Local Government Unit (also known as a Core Community).

1.2               Eligible Property Information
Parcel ID: 61-24-230-001-0001-11
Address: 331 West Laketon Avenue, Muskegon, MI 49441
Size: Approximately 2.94 acres
1.2.1             Basis of Eligibility
The Property has been historically utilized for industrial purposes dating back to 1928. Based on a recent
environmental investigation referenced in the BEA prepared for AFP Real Estate, LLC, completed on September
26, 2025, past industrial activities have resulted in contamination at the Property and adjoining parcels due to
leaking aboveground and underground storage tanks, improper waste disposal and storage activities, and
improper management of wastewater. The soil contaminants of concern on the Property identified in the BEA at
concentrations exceeding Michigan Department of Environment, Great Lakes, and Energy (EGLE) Part 201 Generic
Residential Cleanup Criteria include hexavalent chromium, methylene chloride, trichloroethylene, and selenium.
The Developer is not a liable party as evidenced by the BEA completed in accordance with Part 201 of the NREPA,
included in Appendix 3. Given the known soil contamination, the Property is a “facility” pursuant to Part 201 of
NREPA. As such, it is considered an “eligible property” as defined by the Michigan Redevelopment Financing Act,
Act 381 of 1996.
The Property is subject to a restrictive covenant (RC-RRD-201-04-044) prohibiting the use and consumption of
groundwater at the Property for drinking water.
Maps depicting the location and layout of the property are attached as Figures 1 and 2. Historic environmental
data tables and associated sample location maps are provided in Figure 3.




Z:\2026\2600505\WORK\REPT\BP_331 W LAKETON_2026_0427.DOCX



                                                                                                         Page 115 of 157
April 27, 2026                                                                                      Fishbeck | Page 3


2.0               Information Required by Section 13(2) of the Statute
2.1               Description of Costs to be Paid for with Tax Increment Revenues
This BPA has been developed to reimburse eligible brownfield costs incurred by the Developer to support the
redevelopment of an underutilized industrial structure within the City of Muskegon. New local and pre-approved
State tax increment revenues will be captured for reimbursement of eligible expenses, following approval of this
Brownfield Plan. Base local and state taxes associated with the Property will continue to be levied and distributed
to local and state taxing jurisdictions. No local debt or special assessment taxes will be captured to reimburse
eligible activity costs.
The total cost of eligible activities to be incurred by the Developer, including contingencies, is $75,202, as
summarized in Table 1. The capture of tax increment revenue for the LBRF is estimated to be up to $75,202.
2.1.1             Pre-Approved Activities
Eligible costs for reimbursement include Pre-Approved Activities, permitted to occur prior to BPA adoption.
Preparation of Phase I Environmental Site Assessment (ESA) ($2,850), Phase II ESA ($23,275), BEA ($2,750),
Documentation of Due Care Compliance (DDCC) ($2,400), Response Activity Plan ($3,000), and other
environmental consulting ($29,427) was necessary to protect the new Property owner/Developer from liability for
environmental contamination. The total Pre-Approved Activities cost is $63,702.
2.1.2             Brownfield Plan Amendment Preparation
The BPA preparation costs are anticipated to total $11,500.
2.1.3             Authority Administration Cost
Eligible costs incurred by the Authority are included in this BPA as an eligible expense at 10% of annual local tax
increment capture per year. These expenses will be reimbursed with local tax increment revenues only and are
estimated to total as much as $10,673.
2.1.4             Local Brownfield Revolving Fund
The Authority intends to capture tax increments for deposits in the LBRF for up to five years following full
reimbursement to the Developer, or in amount to not to exceed the total eligible activities, whichever occurs first.
LBRF capture is estimated to be up to $75,202 and is projected to reach this maximum within three years.

2.2               Summary of Eligible Activities
Environmental Activities
Pre-approved environmental costs, department specific activities and interest are anticipated to be reimbursed
through State and Local tax increment revenues.
Brownfield Plan Amendment Preparation
BPA Preparation Costs incurred to prepare and develop this plan are included, as allowed by Act 381.
Authority Expenses
Eligible administrative costs incurred by the Authority are included as a flat fee of 10% of local tax capture.
Administration expenses will be reimbursed with local tax increment revenues only.




Z:\2026\2600505\WORK\REPT\BP_331 W LAKETON_2026_0427.DOCX



                                                                                                             Page 116 of 157
April 27, 2026                                                                                      Fishbeck | Page 4


2.3               Estimate of Captured Taxable Value and Tax Increment Revenues
The initial taxable value will be the 2026 taxable value of $552,800. An estimate of the captured taxable value for
this redevelopment by year is depicted in Table 2. This BPA captures real property tax increment revenues and
assumes a 2% annual increase in the taxable value of the eligible property. In addition to TIF, PA 198 Industrial
Property Tax Abatement is being pursued for this development for an estimated 12 years.
AFP Real Estate, LLC has acquired the Property and anticipated completing the renovations in 2026. Tax
increment revenue collection is anticipated to begin in 2027. Due to the PA 198 Tax Abatement, tax increment
revenues are not anticipated to be realized until Year 13, 2039, after the abatement sunsets.
After completion of the project, the projected taxable value is estimated at $802,800. Reimbursements will be
made on the actual tax increment that is realized. The estimated captured taxable value for this redevelopment
by year and in aggregate for each taxing jurisdiction is depicted in tabular form (Table 2). Once eligible expenses
are reimbursed, the Authority may capture up to five full years of the tax increment and deposit the revenues into
an LBRF or an amount not to exceed the total cost of eligible activities, whichever occurs first. LBRF capture is
estimated to be up to $75,202 and is projected to reach this maximum within three years. The plan also includes
a flat fee of 10% of the local tax increment for administrative and operating expenses of the Authority. A
summary of the estimated reimbursement schedule and the amount of capture into the LBRF by year and in
aggregate is presented in Table 3.

2.4               Method of Financing and Description of Advances Made by the Municipality
The eligible activities contemplated under this plan will be financed by the Developer, as outlined in this BPA and
the accompanying development and reimbursement agreement (Appendix 2). No advances from the Authority to
the Developer are anticipated.

2.5               Maximum Amount of Note or Bonded Indebtedness
At this time, the Authority has no plans to incur indebtedness to support the development of this site, but such
plans could be made in the future to assist in the development if the Authority chooses.

2.6               Duration of Brownfield Plan
The Authority intends to begin the capture of tax increment in 2027. This BPA will then remain in place for 19
years or until the eligible activities have been fully reimbursed, whichever occurs sooner. An analysis showing the
reimbursement schedule is attached as Table 3.

2.7               Estimated Impact of Tax Increment Financing on Revenues of Taxing
                  Jurisdictions
An estimate of the impact of tax increment financing (TIF) on the revenues of all taxing jurisdictions is illustrated
in detail in Table 2.

2.8               Legal Description, Property Map, Statement of Qualifying Characteristics,
                  and Personal Property
The redevelopment involves one parcel of property, 331 West Laketon Avenue, Muskegon, MI 49441. The
Property is qualified as a “facility.” A map showing eligible property dimensions is attached as Figure 2.




Z:\2026\2600505\WORK\REPT\BP_331 W LAKETON_2026_0427.DOCX



                                                                                                             Page 117 of 157
April 27, 2026                                                                                       Fishbeck | Page 5


The legal description for the parcel is as follows:
            Parcel ID: 61-24-230-001-0001-11 (331 West Laketon Avenue, Muskegon, MI 49441)
            CITY OF MUSKEGON LOTS 5-7 & PART OF LOTS 2-4 & 8-9 INC BLK 1 & LOTS 4-7 & LOTS 14-17 & PART OF
            LOTS 8-9 INC & 13 BLK 2 DENNIS SMITH & CO'S 2ND ADDITION ALSO E 33 FT VAC FAIRVIEW ST AND PART
            OF VACATED MAY ST ALSO PART OF NW 1/4 OF NE 1/4 SEC 31 T10N R16W LYING ELY OF GTW R/R ROW
            DESC AS FOLLOWS BEG AT NE COR LOT 7 OF DENNIS SMITH & CO'S 2ND ADDITION BEING POB TH S 00D
            14M 00S W ALG WLY ROW LN OF KEATING ST 150.28 FT TH N 89D 31M 05S E 329.11 FT TH S 00D 11M
            47S E ALG WLY ROW LN OF 6TH ST 224.34 FT TH S 89D 09M 04S W 149.91 FT TH S 00D 14M 00S W 62.17
            FT TH N 89D 21M 25S W 147.89 FT TH N 00D 14M 00S E 194.05 FT TH N 89D 46M 00S W 151.64 FT TH N
            34D 34M 28S W 291.58 FT TH S 89D 58M 00S E ALG SLY ROW LN OF LAKETON AVE 285.08 FT TO POB
            TOGETHER WITH & SUBJ TO A 20 FT WIDE ESMT FOR ACCESS SUBJ TO ESMT L/P 4399/224

2.9               Estimates of Residents and Displacement of Individuals/Families
There are no residents or families residing at this property, and thus no residents, families, or individuals will be
displaced by the project.

2.10              Plan for Relocation of Displaced Persons
No persons reside on the eligible property. Therefore, this section is not applicable.

2.11              Provisions for Relocation Costs
No persons reside on the eligible property. Therefore, this section is not applicable.

2.12              Strategy for Compliance with Michigan’s Relocation Assistance Law
No persons reside on the eligible property. Therefore, this section is not applicable.

2.13              Other Material that the Authority or Governing Body Considers Pertinent
N/A.




Z:\2026\2600505\WORK\REPT\BP_331 W LAKETON_2026_0427.DOCX



                                                                                                              Page 118 of 157
Figures




      Page 119 of 157
                                                                                                                                                         an
                                                                                                                                                    im
                                                                                                                                                  dd




                                                                                                                                                                                                                                                                                                                            ay
                                                                                                                                                Ru




                                                                                                                                                                                                                                                                                                                         rkw
                                                                                                                                                                                                                                         er




                                                                                                                                                                                                                                                                                                                       Pa
                                                                                                                                                                                                                                     v
                                                                                                                                                                                                                              gon R i
                                                                                                                                                                  VICINITY MAP
                                                                                                                                                                                                                         Muske




                                                                                                                                                                                                                                                                                                                    es
                                                                                                                                                                    MICHIGAN




                                                                                                                                                                                                                                                                                                                 Jon
                                                                                                                                                                                                                                                                                                                  J
                                                                                                                                                                                                                                                                                                                                       Marquette Avenue




                                                                                                                                                                                                                                                                                                              ses
                                                                                                                                                                                                                                                                                                            Mo
                                                                                                                                                            r                                                                                                                                                  Green Acres
                                                                                                                                                          ve
                                                                                                                                                        Ri                                                                                             e          BUS US 31                                       Park
                                                                                                                                                     on




                                                                                                                                                                                                                                                  iv
                                                                                                                                                   egCITY OF             _
                                                                                                                                                                         ^




                                                                                                                                                                                                                                                Dr
                                                                                                                                                                                                                                           line
                                                                                                                                                                                                                                                                     Te
                                                                                                            sk




                                                                                                                                                   MUSKEGON                                                                                                            r




                                                                                                                                                                                                                                        ore
                                                                                                          Mu




                                                                                                                                                MUSKEGON COUNTY




                                                                                                                                                                                                                                                                       rac
                                                                                                                                                                                                                                                           1s
                                                                                                                                                                                                                                      Sh




                                                                                                                                                                                                                                                                           eS
                                                                                                                                                                                                                                                             tS
                                                                                                                                                                                                                                                             tre




                                                                                                                                                                                                                                                                             tre
                                                                                                                                                                                                                                                                et




                                                                                                                                                                                                                                                                                et
                                                                                                                                                                                                                                                                                                                                                              Hard copy is

                                                                                                                                                                                                                                                            Muskegon
                                                                                                                                                                                                                                                                                                                                                            intended to be
                                                                                                                                                                                                                                                                                                                                    M 46                    8.5"x11" when
                                                                                                                                                                                                                                                                                                                                                           plotted. Scale(s)
                                                                                                                                                                                                                                                                                                                                                             indicated and




                                                                                                                                                                                                                                                                                  Sanford Street
                                                                                                                                                                                                                                                                                                                                                          graphic quality may
                                                                                                                                                                                                                                                                                                                                                          not be accurate for
                                                                                                                                                                                                                                                                                                                                                            any other size.




                                                                                                                                                                                                                                                                                                                                                                          331 West Laketon Avenue, Muskegon, Michigan
                                                                                                                                                                                                                                                                                                                                                331 West Laketon Avenue
                                                                                                                                                                                          Division Street




                                                                                                                                                                                                                                                                                                                                   Oakwood
                                                                                                                                                                                                                                      West Southern Avenue
                                                                                                                                                                                                                                                                                                                                   Cemetery




                                                                                                                                                                                                                                                                                                                                                                                                                        Brownfield TIF Evaluation
                                                                                                                                                                                                                               SITE
                                                                                                                                                              West Laketon Avenue
                                                                                                                                                                                                                                  West Laketon Avenue
                                                                                                                                                                                                                                                                                                                          East Laketon Avenue
                                                                                                                                                               Catholic
                                                                                                                                                              Central High
                                                                                                                                                                School
                                                                                                                                                                                                                                                                             Sanford Street




Graft Park
                PLOT INFO: Z:\2026\2600505\CAD\GIS\ProProj\Michigan ESA.aprx Layout: App 2a_Location Map Date: 4/21/2026 12:48 PM User: mbell




                                                                                                                                                                                                                                                                            Peck Street




                                                                                                                                                                                                                      BUS US 31
                                                                                                                                                                                                                      BUS US 31
                                                                                                                                                                                                       Henry Street




   West Sherman Boulevard
                                                                                                                                                                                                                           West Sherman Boulevard
                                                                                                                                                                                                                                                                                                                      East Sherman Boulevard
                                                                                                                                                                 Kautex CWC
                                                                                                                                                                    Plant


                                                                                                                                                                                                                                   West Broadway Avenue
                                                                                                                                                                                d
                                                                                                                                                                                                                                                                                                   Muskegon Heights
                                                                                                                                                                              oa
                                                                                                                                                                         elt R
                                                                                                                                                                      ev
                                                                                                                                                                    os
                                                                                                                                                                  Ro                                                        West Summit Avenue

                                                                                                                                                         Roosevelt Park                                                                                                                                                                                    PROJECT NO.
                                                                                                                                                                                                                                                                                                                                                                  2600505
                                                                                                                                                                   LOCATION MAP
                                                                                                                                                                                            Henry Street




                                                                                                                                                                                                                                                                             Peck Street




                                                                                                                                                                                                                                                                                                                                                               FIGURE NO.
                                                                                                                                                                                         FEET
                                                                                                                                                 NORTH             0          1,000   2,000
                                                                                                                                                                                                                                                                                                                                 Mona View
                                                                                                                                                                                                                                                                                                          DATA SOURCES: ESRI OPEN STREET MAP.
                                                                                                                                                                                                                                                                                                                                                                                         1
 orton Avenue ©Copyright 2026 All Rights Reserved                                                                                                                                                                                                                                                                                Cemetery
                                                                                                                                                                                                                                                                                                                  lin
                                                                                                                                                                                                                                                                                                               Ai




                                                                                                                                                                                                                                                                                                                     e                       Page 120 of 157
                                                                                                                                                                                                                                                                                                                 r




                                                                                                                                                                                                                                                                                                                         Ro
                                                                                                                                                                                                                                                                                                                           ad
                                                                                                                                                                                                           LEGEND
                                                                                                                                                                                                                       Approximate Property Boundary




                                                                                                                                                                                                                                                                                          Hard copy is
                                                                                                                                                                                                                                                                                        intended to be
                                                                                                                                                                                                                                                                                        8.5"x11" when
                                                                                                                                                                                                                                                                                       plotted. Scale(s)
                                                                                                                                                                       W Lake ton Ave                                                                                                    indicated and
                                                                                                                                                                                                                                                                                      graphic quality may
                                                                                                                                                                                                                                                                                      not be accurate for
                                                                                                                                                                                                                                                                                        any other size.




                                                                                                                                                                                         Fairvie w St




                                                                                                                                                                                                                                                                  6th St



                                                                                                                                                                                                                                                                                                      331 West Laketon Avenue, Muskegon, Michigan
                                                                                                                                                                                                                                                                            331 West Laketon Avenue

                                                                                                                                                                                                                                                                                                                                                    Brownfield TIF Evaluation
                                                                                                                                                                                        61-24-230-001-0001-11
PLOT INFO: Z:\2026\2600505\CAD\GIS\ProProj\Michigan ESA.aprx Layout: App 2b_Site Map Date: 4/21/2026 12:48 PM User: mbell




                                                                                                                                                                                                                                                             6th St




                                                                                                                                                                                                                                                                                       PROJECT NO.
                                                                                                                                                                                                                                                                                              2600505
                                                                                                                                                      SITE MAP                                                                                                                             FIGURE NO.
                                                                                                                                                                            FEET
                                                                                                                                NORTH                 0           50      100
                                                                                                                                                                                                           DATA SOURCES: ESRI HYBRID REFERENCE LAYER & NEARMAP IMAGERY.
                                                                                                                                                                                                                                                                                                                       2
                                                                                                                            ©Copyright 2026 All Rights Reserved

                                                                                                                                                                                                                                                                           Page 121 of 157
Page 122 of 157
Tables




     Page 123 of 157
                                        Table 1 – Summary of Eligible Costs
                                              Act 381 Brownfield Plan
                                       331 W Laketon Avenue, Muskegon, MI

EGLE Eligible Activities Costs and Schedule
                                                                                              Completion
                          EGLE Eligible Activities                               Cost         Season/Year
Pre-Approved Environmental Activities                                       $        63,702
   Phase I Environmental Site Assessment (ESA)                              $         2,850
   Phase II ESA + Vapor Pins                                                $        23,275
   Baseline Environmental Assessment (BEA)                                  $         2,750
   Documentation of Due Care Compliance/Planning                            $         2,400
   Response Activity Plan                                                   $         3,000
   Environmental Consulting Related to the Above                            $        29,427

                                          EGLE Eligible Activities Subtotal $       63,702
Contingency (0%)                                                             $          -
Brownfield Plan/Work Plan Preparation                                        $      11,500
                                        EGLE Eligible Activities Total Costs $      75,202




                                                                                                    4/27/2026
                                                                                                    Page 124 of 157
                                                                                                                                                                                                                                                                                                                                                    Table 2 – Total Captured Incremental Taxes Schedule
                                                                                                                                                                                                                                                                                                                                                                   Act 381 Brownfield Plan
                                                                                                                                                                                                                                                                                                                                                             331 W. Laketon Ave., Muskegon, MI


               Estimated Taxable Value (TV) Increase Rate: 2% increase per year
                                                Plan Year            1                    2                     3                     4                     5                     6                     7                     8                     9                     10                    11                    12                    13                  14                  15                  16                  17                  18                  19                 Totals
                                            Calendar Year          2027                  2028                  2029                  2030                  2031                  2032                  2033                  2034                  2035                  2036                  2037                  2038                  2039                2040                2041                2042                2043                2044                2045
                                     *Base Taxable Value    $            552,800     $        552,800      $        552,800      $        552,800      $        552,800      $        552,800      $        552,800      $        552,800      $        552,800      $         552,800     $         552,800     $         552,800     $         552,800   $         552,800   $         552,800   $         552,800   $         552,800   $         552,800   $         552,800   $              -
                                 IFT Frozen Taxable Value $              552,800     $        552,800      $        552,800      $        552,800      $        552,800      $        552,800      $        552,800      $        552,800      $        552,800      $         552,800     $         552,800     $         552,800
                                     Future Taxable Value $              802,800     $        818,856      $        835,233      $        851,938      $        868,977      $        886,356      $        904,083      $        922,165      $        940,608      $         959,420     $         978,609     $         998,181     $    1,018,145      $    1,038,507      $    1,059,278      $    1,080,463      $    1,102,072      $    1,124,114      $    1,146,596      $                  -
                Incremental Difference (New TV - Base TV) $                      -   $                 -   $                 -   $                 -   $                 -   $                 -   $                 -   $                 -   $                 -   $                 -   $                 -   $                 -   $         465,345   $         485,707   $         506,478   $         527,663   $         549,272   $         571,314   $         593,796   $                  -


  School Capture                       Millage Rate
  State Education Tax (SET)                     6.0000      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $           2,792   $           2,914   $           3,039   $           3,166   $           3,296   $           3,428   $           3,563   $        22,197
  School Operating Tax                         18.0000      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $           8,376   $           8,743   $           9,117   $           9,498   $           9,887   $          10,284   $          10,688   $        66,592
                      School Total             24.0000      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $          11,168   $          11,657   $          12,155   $          12,664   $          13,183   $          13,712   $          14,251   $        88,790


  Local Capture                        Millage Rate
  COUNTY MUSEUM                                 0.3110      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $            145    $            151    $            158    $            164    $            171    $            178    $            185    $            1,151
  COUNTY VETERANS                               0.0724      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             34    $             35    $             37    $             38    $             40    $             41    $             43    $             268
  SENIOR CIT SVC                                0.4830      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $            225    $            235    $            245    $            255    $            265    $            276    $            287    $            1,787
  CENTRAL DISPATCH                              0.2897      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $            135    $            141    $            147    $            153    $            159    $            166    $            172    $            1,072
  COMM COLLEGE                                  2.1295      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $            991    $           1,034   $           1,079   $           1,124   $           1,170   $           1,217   $           1,264   $            7,878
  M.A.I.S.D.                                    4.5939      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $           2,138   $           2,231   $           2,327   $           2,424   $           2,523   $           2,625   $           2,728   $        16,995
  CITY OPERATING                                9.4470      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $           4,396   $           4,588   $           4,785   $           4,985   $           5,189   $           5,397   $           5,610   $        34,950
  CITY SANITATION                               2.8174      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $           1,311   $           1,368   $           1,427   $           1,487   $           1,548   $           1,610   $           1,673   $        10,423
  HACKLEY LIBRARY                               2.2586      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $           1,051   $           1,097   $           1,144   $           1,192   $           1,241   $           1,290   $           1,341   $            8,356
  MPS SINKING                                   0.9390      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $            437    $            456    $            476    $            495    $            516    $            536    $            558    $            3,474
  COUNTY OPERATING                              5.5069      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $           2,563   $           2,675   $           2,789   $           2,906   $           3,025   $           3,146   $           3,270   $        20,373
                       Local Total             28.8484      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $          13,424   $          14,012   $          14,611   $          15,222   $          15,846   $          16,481   $          17,130   $       106,727


  Non-Capturable Millages              Millage Rate
  COMM COLLEGE DBT                              0.2000      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             93    $             97    $            101    $            106    $            110    $            114    $            119    $             740
  HACKLEY DEBT                                  0.2500      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $            116    $            121    $            127    $            132    $            137    $            143    $            148    $             925
  MPS DEBT 2020                                 0.6500      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $            302    $            316    $            329    $            343    $            357    $            371    $            386    $            2,405
  MPS DEBT 2021                                 6.8500      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $           3,188   $           3,327   $           3,469   $           3,614   $           3,763   $           3,913   $           4,068   $        25,342
           Non-Capturable Total                 7.9500      $                -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $             -       $           3,699   $           3,861   $           4,026   $           4,195   $           4,367   $           4,542   $           4,721   $        29,412


                                               60.7984
Total Tax Increment Revenue (TIR) Available for Capture $                        -   $                 -   $                 -   $                 -   $                 -   $                 -   $                 -   $                 -   $                 -   $                 -   $                 -   $                 -   $          24,593   $          25,669   $          26,767   $          27,886   $          29,028   $          30,193   $          31,381   $       195,517
                            Total Tax Without Abatement $                 48,809     $          49,785     $          50,781     $          51,796     $          52,832     $          53,889     $          54,967     $          56,066     $          57,187     $          58,331     $          59,498     $          60,688
                                      Abatement Savings $                 48,809     $          49,785     $          50,781     $          51,796     $          52,832     $          53,889     $          54,967     $          56,066     $          57,187     $          58,331     $          59,498     $          60,688                                                                                                                                                 $       654,630

  NOTES:




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          4/27/2026

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Page 125 of 157
                                                                                                                                                                                                                                                                                                                                              Table 3 – Estimated Reimbursement Schedule
                                                                                                                                                                                                                                                                                                                                                         Act 381 Brownfield Plan
                                                                                                                                                                                                                                                                                                                                                   331 W. Laketon Ave., Muskegon, MI



                                                        Developer
                                                                                                    School & Local
                                                        Maximum           Proportionality                                Local-Only Taxes          Total
                                                                                                        Taxes
                                                     Reimbursement                                                                                                                                                                                                                              Estimated Capture
                                                          State                45.4%            $             34,151     $             -       $         34,151                                                                 Estimated Total                                                 Administrative Fees                            $         10,673
                                                                                                                                                                                                                                                           19
                                                          Local                54.6%            $             41,051     $             -       $         41,051                                                                  Years of Plan:                                                 State Brownfield Redevelopment Fund            $         11,099
                                                         TOTAL                                                                                                                                                                                                                                  Local Brownfield Revolving Fund                $         75,202
                                                          EGLE                100.0%            $             75,202     $             -       $         75,202
                                                         MEDC                  0.0%             $                -       $             -       $              -
                                                         MSHDA                 0.0%             $                -       $             -       $              -

                                                                                 1                        2                     3                    4                   5                   6                   7                     8                   9                    10                       11                   12                    13                 14                 15                 16                 17                  18                 19
                                                                               2027                     2028                  2029                 2030                 2031                2032                2033                 2034                 2035                 2036                    2037                  2038                  2039               2040               2041               2042               2043                2044               2045               TOTAL
Total State Incremental Revenue                                          $                  -   $                    -   $                 -   $                -   $               -   $               -   $               -   $                 -   $                -   $                -   $                    -   $                -    $      11,168      $       11,657     $       12,155     $       12,664     $          13,183   $       13,712     $       14,251     $      88,790
State Brownfield Redevelopment Fund (50% of SET)                         $                  -   $                    -   $                 -   $                -   $               -   $               -   $               -   $                 -   $                -   $                -   $                    -   $                -    $        1,396     $        1,457     $        1,519     $        1,583     $           1,648   $        1,714     $        1,781     $      11,099
State TIR Available for Reimbursement                                    $                  -   $                    -   $                 -   $                -   $               -   $               -   $               -   $                 -   $                -   $                -   $                    -   $                -    $        9,772     $       10,200     $       10,636     $       11,081     $          11,535   $       11,998     $       12,470     $      77,691

Total Local Incremental Revenue                                          $                  -   $                    -   $                 -   $                -   $               -   $               -   $               -   $                 -   $                -   $                -   $                    -   $                -    $         13,424   $         14,012   $         14,611   $         15,222   $          15,846   $         16,481   $         17,130   $     106,727
BRA Administrative Fee                                                   $                  -   $                    -   $                 -   $                -   $               -   $               -   $               -   $                 -   $                -   $                -   $                    -   $                -    $          1,342   $          1,401   $          1,461   $          1,522   $           1,585   $          1,648   $          1,713   $      10,673
Local TIR Available for Reimbursement                                    $                  -   $                    -   $                 -   $                -   $               -   $               -   $               -   $                 -   $                -   $                -   $                    -   $                -    $         12,082   $         12,611   $         13,150   $         13,700   $          14,261   $         14,833   $         15,417   $      96,054

Total State & Local TIR Available                                        $                  -   $                    -   $                 -   $                -   $               -   $               -   $               -   $                 -   $                -   $                -   $                    -   $                -    $         21,854   $         22,811   $         23,786   $         24,781   $          25,796   $         26,831   $         27,887   $     173,745
                                                        Beginning
DEVELOPER                                                Balance
Reimbursement Balance                               $         75,202     $           75,202     $             75,202     $          75,202     $         75,202     $        75,202     $        75,202     $        75,202     $          75,202     $         75,202     $         75,202     $             75,202     $         75,202      $         53,348   $         30,537   $          6,751   $            -     $             -     $            -     $            -     $         -




EGLE Environmental Costs                            $          75,202    $           75,202     $             75,202     $          75,202     $         75,202     $        75,202     $        75,202     $        75,202     $          75,202     $         75,202     $         75,202     $             75,202     $         75,202      $         75,202   $         53,348   $         30,537   $          6,751   $             -     $            -     $            -     $         -
   State Tax Reimbursement                          $          34,151    $              -       $                -       $             -       $            -       $           -       $           -       $           -       $             -       $            -       $            -       $                -       $            -        $          9,772   $         10,200   $         10,636   $          3,543   $             -     $            -                        $      34,151
   Local Tax Reimbursement                          $          41,051    $              -       $                -       $             -       $            -       $           -       $           -       $           -       $             -       $            -       $            -       $                -       $            -        $         12,082   $         12,611   $         13,150   $          3,208   $             -     $            -                        $      41,051
   Total EGLE Reimbursement Balance                                      $           75,202     $             75,202     $          75,202     $         75,202     $        75,202     $        75,202     $        75,202     $          75,202     $         75,202     $         75,202     $             75,202     $         75,202      $         53,348   $         30,537   $          6,751   $            -     $             -     $            -     $            -     $      75,202

Total Annual Developer Reimbursement                                     $              -       $                -       $             -       $            -       $           -       $           -       $           -       $             -       $            -       $            -       $                -       $            -        $         21,854   $         22,811   $         23,786   $          6,751   $             -     $            -     $            -     $      75,202

LOCAL BROWNFIELD REVOLVING FUND

LBRF Deposits *                                                             $              - $                - $                          -   $                -   $               -   $               -   $               -   $                 -   $                -   $                -   $                    -   $                -    $              -   $              -   $              -   $              -   $          18,030   $         43,825   $         70,656   $      75,202
        State Tax Capture                                                   $              - $                - $                          -   $                -   $               -   $               -   $               -   $                 -   $                -   $                -   $                    -   $                -    $              -   $              -   $              -   $          7,538   $          11,535   $         11,998   $          3,081   $      34,151
        Local Tax Capture                                                   $              - $                - $                          -   $                -   $               -   $               -   $               -   $                 -   $                -   $                -   $                    -   $                -    $              -   $              -   $              -   $         10,492   $          14,261   $         14,833   $          1,464   $      41,051
        Total LBRF Capture                                                  $              - $                - $                          -   $                -   $               -   $               -   $               -   $                 -   $                -   $                -   $                    -   $                -    $              -   $              -   $              -   $         18,030   $          25,796   $         26,831   $          4,546   $      75,202
 * Up to five years of capture for LBRF Deposits after eligible activities are reimbursed. May be taken from state and local TIR.




                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     4/27/2026

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Page 126 of 157
Appendix




   1   Page 127 of 157
Appendix




   2   Page 128 of 157
Appendix




   3   Page 129 of 157
EGLE-RRD-RIDEEDM

From:                        [email protected]
Sent:                        Thursday, October 2, 2025 4:36 PM
To:                          EGLE-RRD-RIDEEDM
Cc:                          [email protected]
Subject:                     EQ 4025 - Baseline Environmental Assessment - RIDE Submission - 61000031-BEA-5
Attachments:                 61000031-BEA-5.pdf



  Submittal Number:        61000031-BEA-5

  Facility ID:             61000031

  Facility Address:        1839 6th Street/ 331 West Laketon Avenue, Muskegon, MI, 49441

  Today's Date:            10/02/2025



SEND TO:

  RRD Office:                                                   Grand Rapids

  Phone:                                                        616-356-0226

  Office Recipients:                                            Grand Rapids



SUBMITTED BY:

  Primary Certifier
  Name:                Harms, Jeannine
  Role:                Third Party
  Phone:               (616) 414-9589
  Email:               [email protected]
  Organization:
  Secondary
  Certifier
  Name:                Harms, Jeannine
  Role:                Third Party
  Phone:               (616) 414-9589
  Email:               [email protected]
  Organization:

                                                     1


                                                                                                  Page 130 of 157
ACKNOWLEDGEMENT OF RECEIPT OF A BASELINE ENVIRONMENTAL ASSESSMENT

The Michigan Department of Environment, Great Lakes, and Energy (EGLE) received a Baseline
Environmental Assessment (BEA) for the above legal entity and property that was submitted using the
Remediation Information Data Exchange (RIDE). This is your acknowledgement that EGLE has received
and will record the BEA. EGLE maintains an administrative record of each BEA as received.

This BEA was submitted pursuant to Section 20126(1)(c) of Part 201, Environmental Remediation and/or
Section 21323a(1)(b) of Part 213, Leaking Underground Storage Tanks, of the Natural Resources and
Environmental Protection Act, 1994 PA 451, as amended (NREPA). A BEA is submitted for the purpose of
establishing an exemption to liability for a new owner or operator of property that has been
demonstrated to be a facility or property as defined by Section 20101(1)(s) of Part 201, Environmental
Remediation and/or property as defined by Section 21303(d) of Part 213, Leaking Underground Storage
Tanks, of the NREPA. Pursuant to Sections 20126(1)(c) and 21323a(1)(b), the conditions of this
exemption require the legal entity to disclose the BEA to a subsequent purchaser or transferee of the
property.

The BEA is only for the legal entity and property or properties identified on the BEA Submittal Form and in
the BEA that have been demonstrated to be a facility. Each new legal entity that becomes the owner or
operator of this facility must submit their own BEA. EGLE is not making any findings about whether the
submitter is liable or is eligible to submit. The submitted BEA does not alter liability with regard to a
subsequent release, threat of release, or exacerbation of existing conditions that is the responsibility of
the legal entity submitting the BEA.

EGLE does not review BEAs to determine the adequacy of the submittal. The Volatilization to Indoor Air
Pathway (VIAP) Screening Levels (SLs) may be proposed as site-specific criteria when used to determine
that a property is or contains a facility or site. EGLE’s approval of these numeric site-specific criteria is
required. Since the BEA has not been reviewed, if the BEA relied upon the VIAP SLs then their use within
the BEA is approved only for the purpose of confirming the status of the property as a facility under Part
201 or a site under Part 213.

The legal entity may also have responsibility under applicable state and federal laws, including, but not
limited to, Part 201, Environmental Remediation; Part 111, Hazardous Waste Management; Part 211,
Underground Storage Tank Regulations; Part 213, Leaking Underground Storage Tanks; Part 615,
Supervisor of Wells, of the NREPA; and the Michigan Fire Prevention Code, 1941 PA 207, as amended.
Please review the enclosed brochure on “due care.” An owner or operator of contaminated property has
an obligation to assure the property is safe for the intended use and is protective of the public health and
safety.

Pursuant to Section 20112a(6) of Part 201, Environmental Remediation, the property(s) identified in the
BEA will be placed on the inventory of facilities if not already present, which is updated daily and posted
on EGLEs website: RIDE - Inventory of Facilities.

EGLE – Remediation and Redevelopment Division

RIDE Administration Team



                                                      2


                                                                                                  Page 131 of 157
COALITION COMPANIES                                                                                                      BROWNFIELD PLAN REVIEW SUMMARY


331 West Laketon Avenue - Muskegon, MI 49441
                AFP Real Estate, LLC (American Fabricated
Developer:                                                                Plan Date:         April 27, 2026
                Products)
Property:       331 West Laketon Ave, Muskegon, MI 49441                  Consultant: Fishbeck (Plan Amendment)
                Facility — Contaminated Property (Part
Eligibility:                                                              Reviewer:          Jeff Salowitz, Coalition Companies
                201/NREPA)

KEY METRICS

           2039                        19 Years                          $195,517                         $75,202                        19 Years
      TIF Capture Start                 Plan Duration                    Local TIR (19 yr)                LBRF Capture                    Plan Duration

ELIGIBLE ACTIVITIES COMPLIANCE
Activity                                 Amount             Status             Notes
                                                                               EGLE-eligible environmental response; within benchmark range ($8K–
BPA Preparation                          $11,500                Pass
                                                                               $15K)
Pre Approved Env. Activities             $63,702                Pass           Slightly higher than expected.
Due Care Plan                            $2,400                 Pass           Part 201 compliance planning; within benchmark range
Contingency                              $0                     Pass           Contingency is at $0.
BRA Admin (10%/yr, est.)                 —                     Clarify         Standard is 5%, unless Local only. 10% is allowable.
School/State Capture                     $88,790                Pass           SET included; proportionality confirmed: state 31.2% ≤ local 68.8%
Dev/Reimb. Agreement                     —                     Clarify         Not attached to plan; required before reimbursement can proceed

TAX ABATEMENT OVERLAY
PA 198 Industrial Facilities Tax (IFT)                                            Combined Effect
• 12-year freeze at base taxable value of $552,800 (2027–2038)                    The IFT abatement freezes TV at the base level for 12 years, producing zero
• No TIF capture during IFT period; incremental TV = $0 for Years 1–12            TIF increment during that period. This is correctly modeled in the plan's TIF
• TIF capture begins Year 13 (2039) upon IFT certificate expiration               tables. Developer reimbursement is funded entirely from capture in Years 13–
• Status: Referenced in plan — IFT certificate not attached                       19.

PRIORITY OPEN ITEMS
#    Item                                      Action Required
 1   EGLE BEA Acknowledgement                  Confirm EGLE RIDE filing receipt; obtain acknowledgement letter before BRA adoption.
 2   IFT Certificate                           Attach issued or draft PA 198 IFT certificate; confirm 12-year duration and start date.
     Dev/Reimbursement                         Execute prior to BRA resolution; controls draw schedule, admin rate, and LBRF terms
 3
     Agreement
                                               Should it be reduced from 10% to standard 5%; reduces admin take by $10,862 and accelerates
 4   BRA Administration Rate
                                               reimbursement by 1 year

                                           Confidential — Coalition Companies | Brownfield Plan Review | May 2026




                                                                                                                                                Page 132 of 157
                                        City of Muskegon
                               Brownfield Redevelopment Authority
                              County of Muskegon, State of Michigan

                RESOLUTION APPROVING REVISED BROWNFIELD PLAN AMENDMENT

                                American Fabricated Products, INC




           Minutes of a regular meeting of the Board of the City of Muskegon Brownfield

Redevelopment Authority, County of Muskegon, State of Michigan, held on the 9th day of June

2026 at 10:30 a.m., prevailing Eastern Time.

           PRESENT:

           ABSENT:


           The following preamble and resolution were offered by Member ___and supported by

Member____:

           WHEREAS, a Brownfield Plan has been adopted pursuant to Act 381, Public Acts of

Michigan, 1996, as amended (“Act 381”), a copy of which is on file with the Secretary of the City of

Muskegon Brownfield Redevelopment Authority (the “Authority”); and

           WHEREAS, the Authority is authorized to approve amendments to the Brownfield Plan and

recommends the Amendment to add eligible properties within the American Fabricated Products,

INC facility for approval to the City of Muskegon, County of Muskegon, State of Michigan (the

“City”).


           NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:

           1.     Approval of Brownfield Plan.    The Board hereby adopts and approves the

           Brownfield Plan Amendment for American Fabricated Products, INC and recommends the

           approval of the Brownfield Plan Amendments by the Muskegon City Commission.

           2.     Public Hearing. The Board hereby requests city personnel to provide a notice of




                                                                                            Page 133 of 157
       Public Hearing on the proposed Brownfield Plan Amendments, and further requests that

       such hearing notice be provided to all taxing jurisdictions. Notice of the time and place of

       the hearing shall be given pursuant to Act 267, Public Acts of Michigan, 1976, as amended

       (“Open Meetings Act”).

       3.      Deliver Resolution and Brownfield Plan to City.         The Chair of the Authority is

       directed to deliver a certified copy of this resolution and the Brownfield Plan Amendments to

       the City Clerk.

       4.      Disclaimer.   By adoption of this resolution and approval of the Brownfield Plan

       Amendments, the Authority assumes no obligation or liability to the owner, developer or

       lessor of the Eligible Property for any loss or damage that may result to such persons from

       the adoption of this resolution and Brownfield Plan Amendments.

       5.      Work Plan Transmittal. The Chair of the Authority shall be authorized to transmit to

       the Michigan Strategic Fund, the Michigan Economic Development Corporation and/or the

       Michigan Department of Environmental Quality, on behalf of the Authority, a final Act 381

       Work Plan that has been reviewed and approved by the Authority.

       6.      Repealer. All resolutions and parts of resolution in conflict with the provisions of this

       resolution are hereby repealed or amended to the extent of such conflict.

       AYES:

       NAYS:



RESOLUTION DECLARED ADOPTED.


                                      ____________________________
                                      Martha Bottomley, Chair
                                      City of Muskegon Brownfield Redevelopment Authority

I hereby certify that the foregoing is a true and complete copy of a resolution adopted by the Board

of the City of Muskegon Brownfield Redevelopment Authority, County of Muskegon, State of


                                                -2-

                                                                                                Page 134 of 157
Michigan, at a regular meeting held on June 9, 2026, and that said meeting was conducted and

public notice of said meeting was given pursuant to and in full compliance with the Open Meetings

Act, being Act 267, Public Acts of Michigan, 1976, and that the minutes of said meeting were kept

and will be or have been made available as required by said Act.



                                    _____________________________
                                    Martha Bottomley, Chair
                                    City of Muskegon Brownfield Redevelopment Authority




                                              -3-

                                                                                          Page 135 of 157
                 Agenda Item Review Form
           Muskegon Downtown Development
       Authority/Brownfield Redevelopment Authority
Commission Meeting Date: June 9, 2026                 Title: BRA: Development and Reimbursement
                                                      Agreement for American Fabricated Products,
                                                      INC.—331 W. Laketon Ave.

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

Brief Summary:
American Fabricated Products, INC has submitted a development and reimbursement agreement
for the approved Brownfield Plan for 331 W. Laketon Ave., a rehabiliation project for the old Intra City
Dispatch.

Detailed Summary & Background:
American Fabricated Products, Inc. (American Fab) is requesting approval of a Development and
Reimbursement Agreement for the property located at 331 W. Laketon Avenue.

The former Intra City Dispatch facility was acquired by AFP Real Estate, LLC to facilitate the relocation
and expansion of American Fab's operations from Spring Lake to the City of Muskegon. American
Fab is a West Michigan-based manufacturer specializing in advanced metal fabrication, precision
machining, laser cutting, CNC machining, welding, robotic welding, metal forming, assembly, and
prototype-to-production manufacturing services. The company serves a diverse customer base
across the defense, automotive, furniture, industrial, logistics and warehousing, agricultural, medical,
and food service industries. American Fab supports both original equipment manufacturers (OEMs)
and their suppliers and is a supplier to prime and subcontract defense contractors, manufacturing
components for military defense vehicles.

The Brownfield Plan is anticipated to remain in effect through 2048, or until all eligible activities have
been reimbursed, whichever occurs first. The duration of the reimbursement period may be impacted
by the approval of an Industrial Facilities Exemption Certificate, which is scheduled for City
Commission consideration on June 9, 2026.

The Brownfield Plan Amendment is scheduled for consideration by the Brownfield Redevelopment
Authority (BRA) at its June 9, 2026 meeting. Upon approval of the Development and Reimbursement
Agreement by the BRA, staff will forward a recommendation to the City Commission for consideration
at its June 23, 2026 meeting.

The Development and Reimbursement Agreement complements the Brownfield Plan by establishing
the specific terms, conditions, and procedures for reimbursement, including the timeline for
repayment of eligible activities through tax increment financing (TIF) revenues.



                                                                                             Page 136 of 157
Goal/Action Item:
2027 Goal 1: Destination Community & Quality of Life - Reduction of blighted commercial properties

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

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:
I move to approve/disapprove the Development and Reimbursement Agreement for the approved
Brownfield Plan for American Fabricated Products, INC (331 W. Laketon Ave.) as presented.

Approvals:                                         Name the Policy/Ordinance Followed:
Immediate Division        X                        Act 381, Public Acts of Michigan, 1996, as
Head                                               amended

Information
Technology
Other Division Heads
Communication
Legal Review              X




                                                                                           Page 137 of 157
              DEVELOPMENT AND REIMBURSEMENT AGREEMENT

             THIS DEVELOPMENT AND REIMBURSEMENT AGREEMENT
 (the "Agreement"), is entered into on                     , 2026, between the CITY OF
  MUSKEGON BROWNFIELD REDEVELOPMENT AUTHORITY, a Michigan public
body corporate established pursuant to Act 381 of the Public Acts of 1996, as amended, MCL
125.2651 et seq. ("Act 381"), whose address is 933 Terrace Street, Muskegon, Michigan 49440
(the "Authority"), and AFP REAL ESTATE, LLC a Michigan limited liability company, whose
address is 16910 148th Avenue, Spring Lake, Michigan 49456 (the "Developer").

                                         RECITALS

  A.     The Authority was created by the City of Muskegon (the “City”) pursuant to the
         Brownfield Redevelopment Financing Act, Act 381 of the Public Acts of Michigan of
         1996, as amended (“Act 381”). Pursuant to Act 381, the Authority has prepared a
         Brownfield Plan, which was duly approved by the City of Muskegon Board of
         Commissioners (the “Brownfield Plan”).

  B.     The Developer owns approximately 2.94 acres of property in the City of Muskegon at street
         addresses 331 West Laketon Avenue, Muskegon, Muskegon County, Michigan (the
         “Property”), which is legally described in the attached Brownfield Plan Amendment (the
         “Plan Amendment”) attached as Exhibit A, and which is a “facility” as defined in Act 381.

  C.     The Plan Amendment was recommended for approval by the MBRA on ________, 2026,
         and approved by the City of Muskegon Board of Commissioners on __________, 2026.

  D.     The Developer proposes to repurpose the existing structure to renovate and relocate their
         expanding business operations, American Fabricated Products, a West Michigan
         manufacturer specializing in advanced metal fabrication and machining. The Project will
         have the effect of assisting in the redevelopment of the Property, increasing the tax base,
         creating jobs, otherwise enhancing the economic vitality and quality of life in the County.

  E.     Act 381 permits the Authority to capture and use the property tax revenues generated from
         the incremental increase in property value of a redeveloped brownfield site constituting an
         “eligible property” under Act 381 to pay or to reimburse the payment of costs of conducting
         activities that meet the requirements under Act 381 of “eligible activities” (hereinafter the
         “Eligible Costs”).

  F.     By undertaking the Project, the Developer incurred and will incur Eligible Costs, which
         include costs associated with pre-approved environmental due diligence activities, and Plan
         Amendment preparation and development, all as defined in the Plan Amendment.

  G.     The Authority has incurred and will incur certain eligible administrative expenses
         associated with the Plan Amendment (the “Administrative Costs”), for which it seeks
         reimbursement from Local Tax Increment Revenue (“Local TIR”) and pre-approved State
         TIR, including Plan Amendment implementation.



                                                                                       1

                                                                                              Page 138 of 157
H.   Following reimbursement of all amounts due the Developer and all amounts payable to the
     Authority as Administrative Costs from applicable Local TIR and pre-approved State TIR
     (as defined below), additional tax increment revenues will be deposited into the local
     brownfield revolving fund for up to five full years, which is in accordance with Section
     13(5) of Act 381, which limits such deposits to be made for no more than five years after
     the time that capture is required to pay the Eligible Costs.

I.   In accordance with Act 381 and subject to the terms of this Agreement, the parties desire to
     use the Local TIR, and pre-approved State TIR, that are generated from an increase in the
     taxable value of the real and personal property resulting from the redevelopment of the
     Property to which the Authority is entitled to receive (the “Tax Increment Revenues”) to
     reimburse the Developer for the Eligible Costs, to pay the Authority for Administrative
     Costs and to fund a local brownfield revolving fund pursuant to Act 381.

J.   The parties are entering into this Agreement to establish the procedure for such
     reimbursement and funding.




                                                                                  2

                                                                                         Page 139 of 157
                                       Terms and Conditions

Therefore, in exchange for the consideration in, and referred to, by this Agreement, the parties
agree as follows:
       1.      Capture of Taxes: During the Term of this Agreement, the Authority shall capture only
those Tax Increment Revenues that are lawfully eligible for capture under Act 381 and that are
specifically authorized for capture in the Brownfield Plan and any approved Plan Amendment for the
Property and use those Tax Increment Revenues provided in this Agreement.

       2.      Submission of Costs: For those Eligible Costs for which the Developer seeks
reimbursement from the Authority, the Developer shall submit to the Authority:
               (a) a written statement detailing the costs;
               (b) a written explanation as to why they are Eligible Costs;
               (c) copies of invoices and proof of payment from contractors, engineers or others who
               provided such service, or, for the Developer's personnel for whose services
               reimbursement is being sought, detailed time records showing the work performed by
               such individuals; and
               (d) copy of occupancy permit
               (e) copies of the required local building permits, inspection reports, and any other
               information which may be required by the Authority or its auditors.

       3.      Payments:
            a. The Tax Increment Revenues received by the Authority shall be paid to the Developer
               to reimburse it for Eligible Costs actually paid by the Developer. Local TIR generated
               from the Property shall first be retained by the Authority in an amount equal to 10% of
               the annual Tax Increment Revenues up to the maximum amount allowed annually for
               Administrative Costs under Act 381 for all Authority projects. After retention of such
               Local TIR, Tax Increment Revenues shall be used to reimburse the Developer for
               Eligible Costs, provided, however, if Developer has not paid any applicable professional
               fees and costs (legal, environmental, etc.) incurred by the Authority related to
               Developer’s request to use Project Tax Increment Revenues to reimburse it for Eligible
               Costs within 30 days of being invoiced for such costs, the Authority is authorized to pay
               such costs from Project Tax Increment Revenues before such Project Tax Increment

                                                                                         3

                                                                                                Page 140 of 157
   Revenues are used to reimburse Developer. The amount of Project Tax Increment
   Revenues used to pay such costs shall be subtracted from Developer total Eligible Costs
   and Developer shall not be entitled to reimbursement of such amount. The Authority
   shall have no obligation to reimburse the Developer for Eligible Costs from Tax
   Increment Revenues captured and received by the Authority after the 22-year Developer
   reimbursement period. Tax Increment Revenues shall be distributed according to the
   Cost Table included as Exhibit B.


b. Unless the Authority disputes whether such costs are Eligible Costs or the accuracy of
   such costs, the Authority shall, after review by an Authority Board member or the City
   Economic Development Coordinator and approval by the Authority Board, pay to the
   Developer the amounts for which submissions have been made pursuant to Section 2 of
   this Agreement within 30 days after the Authority Board has approved such payment
   provided Tax Increment Revenues have been received from which the submission may
   be wholly or partially paid and provided, further, an occupancy permit shall have been
   issued for those portions of the Project for which there are Eligible Costs. Developer
   shall cooperate with the Authority’s review of its Request for Reimbursement by
   providing supplemental information and documentation which may be reasonably
   requested by the Authority. If a partial payment is made by the Authority because of
   insufficient Tax Increment Revenues, the Authority shall make additional payments
   toward the remaining amount within 30 days of its receipt of additional Tax Increment
   Revenues until all of the amounts, for which submissions have been made, have been
   fully paid to the Developer or to December 31, 2048, whichever occurs first.

c. Adjustments: If, due to an appeal of any tax assessment or reassessment of any portion
   of the Property or for any other reason, including but not limited to fraud,
   misrepresentation, use of funds for ineligible costs, failure to complete the Project as
   approved, the Authority is required to reimburse any Tax Increment Revenues to the
   County, City, or any other tax levying unit of government, the Authority may deduct
   the amount of any such reimbursement, including interest and penalties, from any
   amounts due and owing the Developer. If all amounts due the Developer under this
   Agreement have been fully paid or the Authority is no longer obligated to make any
   further payments to the Developer, the Authority shall invoice the Developer for the
                                                                            4

                                                                                   Page 141 of 157
               amount of such reimbursement and the Developer shall pay the Authority such invoiced
               amount within 30 days of the Developer's receipt of the invoice. Amounts invoiced and
               paid to the Authority by the Developer pursuant to this paragraph shall be reinstated as
               Eligible Costs for which the Developer shall have the opportunity to be reimbursed in
               accordance with the terms, conditions and limitations of this Agreement. Nothing in
               this Agreement shall limit the right of the Developer to appeal any tax assessment.


       4.      Reporting.

            a. The Developer shall provide to the Authority, within 30 days after the Project
               receives an occupancy permit, and annually thereafter no later than May 1 of each
               year during the Term of reimbursement under this Agreement, a report of the
               following, as applicable, for the preceding calendar year pursuant to reporting
               requirements under Section 16 of Act 381:

                          1. Total investment and new capital investment since the prior year’s
                              report.
                          2. Square footage of new construction or renovation, whether residential,
                              commercial, or other use, and use of new or renovated space.
                          3. New jobs created.
                          4. Total number of housing units.
                          5. Other information required to be reported to the State of Michigan to
                              verify compliance with Act 381.

       5.      Interpretation. This is the entire agreement between the parties as to its subject. It
shall not be amended or modified except in writing signed by the parties. The waiver of any breach
shall not constitute a waiver of any subsequent breach of the same or any other provision.

       6.      Assignment. This Agreement and the rights and obligations under this Agreement shall
not be assigned or otherwise transferred by either party without the consent of the other party, which
shall not be unreasonably withheld, provided, however, the Developer may assign its interest in this
Agreement to an affiliate without the prior written consent of the Authority, provided, any such
assignee shall acknowledge to the Authority in writing on or prior to the effective date of such
assignment its obligations upon assignment under this Agreement, provided, further, that the
                                                                                        5

                                                                                               Page 142 of 157
Developer may make a collateral assignment of the Tax Increment Revenues after review of such
assignment and consent by the Authority’s legal counsel and approval of the Authority. As used in
this paragraph, “affiliate” means any corporation, company, partnership, limited liability company,
trust, sole proprietorship or other individual or entity which (a) is owned or controlled by the
Developer, (b) owns or controls the Developer or (c) is under common ownership or control with the
Developer. This Agreement shall be binding upon any successors or permitted assigns of the parties.

       7.      Indemnification. Developer agrees to indemnify and hold City of Muskegon, the City
of Muskegon Brownfield Redevelopment Authority, as well as all officers, agents, employees, and
assigns thereof harmless, including attorney’s fees, against (a) any and all claims by any person
claiming for personal or property injuries or damage due to the Developer’s redevelopment of the
Property provided pursuant to the terms of this Agreement, and/or (b) claims by any third parties which
may arise out of, or be related to, the Developer’s redevelopment of the Property pursuant to this
Agreement. Developer shall not be obligated to indemnify any persons under this section if the liability
arises out of the person’s negligence, willful misconduct, or breach of this Agreement or the negligence
or willful misconduct of any person or entity acting by, through or under any such persons.

       8.      Term. This Agreement shall terminate when all reimbursements and payments
contemplated under this Agreement have been paid or December 31, 2048, whichever comes first.

       9.      Legislative Authorization.        This Agreement is governed by and subject to the
restrictions set forth in Act 381. If there is legislation enacted in the future that alters or affects the
amount of Brownfield TIF Revenue subject to capture, eligible property, or Eligible Activities, then
the Developer’s rights and the Authority’s obligations under this Agreement shall be modified
accordingly as required by law, or by agreement of the parties.

       10.     Notices. All notices shall be given by registered or certified mail addressed to the parties
at their respective addresses as shown above. Any party may change the address by written notice sent
by registered or certified mail to the other party.


       11.     Severability. If any term, provision or condition contained in this Agreement shall, to
any extent, be invalid or unenforceable, the remainder of this Agreement (or the application of such
term, provision or condition to persons or circumstances other than those in respect of which it is


                                                                                           6

                                                                                                   Page 143 of 157
invalid or unenforceable) shall not be affected thereby, and each term, provision or condition of this
Agreement shall be valid and enforceable to the fullest extent permitted by law.

       12.     Binding Effect. This Agreement shall be binding upon and enforceable by the parties
and their respective legal representatives, successors, and assigns.


       13.     Entire Agreement.        This Agreement supersedes all agreements previously made
between the parties relating to the subject matter. There are no other understandings or agreements
between the parties.


       14.     Non-Waiver. No delay or failure by either party to exercise any right under this
Agreement, and no partial or single exercise of that right, constitutes a waiver of that or any other right,
unless otherwise expressly provided herein.


       15.     Governing Law. This Agreement shall be construed in accordance with and governed
by the laws of the State of Michigan.


       16.     Counterparts. This Agreement may be executed in two or mor counterparts, each of
which shall be deemed an original but all of which together shall constitute one and the same
instrument.


                                        [Signature page follows]




                                                                                            7

                                                                                                   Page 144 of 157
WHEREFORE, this Agreement has been executed as of the date first written above.




CITY OF MUSKEGON BROWNFIELD
REDEVELOPMENT AUTHORITY




__________________________________
By:
Its:




CITY OF MUSKEGON




__________________________________
By:
Its:




__________________________________
By:
Its:


AFP REAL ESTATE, LLC




__________________________________
By:

                                                                                  8

                                                                                      Page 145 of 157
Its:




       9

           Page 146 of 157
       EXHIBIT A


Brownfield Plan Amendment




                            10

                                 Page 147 of 157
                             EXHIBIT B


      Financial Consideration Between the Parties




Summary of approved Eligible Costs
                   Eligible Activities                  Cost
To the Authority                                         $10,673
   Administration (10%)                                  $10,673
To the Developer                                         $75,202
  State                                                  $34,151
  Local                                                  $41,051
To Brownfield Revolving Funds                            $75,202
  State                                                  $34,151
  Local                                                  $41,051

                                 Total approved costs   $161,077
                                           State TIR     $68,303
                                           Local TIR     $92,774




                                                                   Page 148 of 157
                 Agenda Item Review Form
           Muskegon Downtown Development
       Authority/Brownfield Redevelopment Authority
Commission Meeting Date: June 9, 2026                Title: DDA: Acceptance of Financial Report for
                                                     May 31, 2026

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

Brief Summary:
City staff is requesting approval of the financial report for the period ending May 31, 2026

Detailed Summary & Background:
City staff requests approval of the financial report for the period ending May 31, 2026. The current
projected fund balance is $454,964.56.

Significant revenues for May included $5,506 in tax increment revenues generated from captured
taxes associated with tax incentive properties. Significant expenses for the month included staffing
costs, chalet rent, and the Barry's Greenhouse contract.



Goal/Action Item:
2027 Goal 4: Financial Infrastructure

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

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:
I move to approve the May 31, 2026, financial report as presented.

Approvals:                                           Name the Policy/Ordinance Followed:
Immediate Division         X
Head
Information


                                                                                               Page 149 of 157
Technology
Other Division Heads
Communication
Legal Review




                       Page 150 of 157
                                              DDA FOR CITY OF MUSKEGON
                                                Balance As Of 05/31/2026
                                                             YTD Balance        25-26   YTD Balance     Activity For
                                                                              Amended
GL Number             Description                            05/31/2025       Budget    05/31/2026          05/31/2026
Fund: 394 DOWNTOWN DEVELOPMENT AUTH DS
Account Category: Assets
Department: 000
394-000-001         CASH IN BANK                             567,067.38                 730,479.49          (20,793.37)
    Total Department 000:                                    567,067.38                 730,479.49          (20,793.37)
  Assets                                                     567,067.38                 730,479.49          (20,793.37)
Account Category: Liabilities
Department: 000
394-000-202         ACCOUNTS PAYABLE                           1,618.80                       0.00           (4,666.45)
    Total Department 000:                                      1,618.80                       0.00           (4,666.45)
  Liabilities                                                  1,618.80                       0.00           (4,666.45)
Account Category: Fund Equity
Department: 000
394-000-399         FUND BALANCE UNRESERVED                  460,986.12                 454,964.56                0.00
    Total Department 000:                                    460,986.12                 454,964.56                0.00
  Fund Equity                                                460,986.12                 454,964.56                0.00
Account Category: Revenues
Department: 000
394-000-402         PROPERTY TAX                             516,659.00    537,000.00   519,427.00            5,506.00
394-000-428         REIMBURSEMENT STATE                            0.00          0.00    39,469.06                0.00
394-000-540         STATE GRANTS                              12,000.00          0.00         0.00                0.00
394-000-569         STATE GRANTS OTHER                             0.00          0.00     4,015.84                0.00
394-000-613         EVENT REVENUE                             87,672.11    100,000.00    71,210.60            5,634.63
394-000-665-004970 INTEREST INCOME                             1,841.66      1,300.00     1,243.15                0.00
394-000-679-004847 SPONSORSHIP REVENUE - MUSK ART FAIR        13,500.00     12,000.00    36,000.00            1,500.00
394-000-699-200000 OP. TRANS FROM SPECIAL REVENUE                600.00          0.00         0.00                0.00
    Total Department 000:                                    632,272.77    650,300.00   671,365.65           12,640.63
  Revenues                                                   632,272.77    650,300.00   671,365.65           12,640.63
Account Category: Expenditures
Department: 703 DOWNTOWN MUSKEGON BID
394-703-702         BUDGETED SALARIES & BENEFITS                   0.00    138,284.00         0.00                0.00
394-703-703         SALARY PERMANENT                          67,187.78          0.00    76,316.06            9,436.60
394-703-707         OVERTIME                                   2,442.90          0.00     2,473.51                0.00
394-703-708         VACATION PAY                               7,659.99          0.00     4,232.16              763.82
394-703-710         PERSONAL & OTHER LEAVE                       469.39          0.00     1,871.74                0.00
394-703-711         HOLIDAY PAY                                3,334.63          0.00     3,476.50                0.00
394-703-712         RETIREE HEALTHCARE - GENERAL               2,357.19          0.00     2,422.39              306.00
394-703-714         MERS RETIREMENT SYSTEM                     7,313.66          0.00     7,428.87              918.03
394-703-717         HEALTH INSURANCE                          19,763.33          0.00     7,080.40            1,082.28
394-703-718         LIFE INSURANCE                               327.89          0.00       338.10               41.25
394-703-719         DENTAL INSURANCE                             964.99          0.00       497.24               49.92
394-703-721         DISABILITY INSURANCE                         296.80          0.00       311.17               38.97
394-703-722         SOCIAL SECURITY                            6,047.94          0.00     6,213.68              750.94
394-703-723         WORKERS' COMPENSATION                        673.16          0.00       617.95               35.13
394-703-724         UNEMPLOYMENT                                   9.36          0.00         5.77                0.00
394-703-727         BUDGETED SUPPLIES                          4,460.00          0.00     3,129.40                0.00
394-703-801         CONTRACTUAL SERVICES                      31,472.12    100,000.00    30,130.28                0.00
394-703-850         TELEPHONE                                    234.91          0.00        61.42                0.00
394-703-861         CONFERENCE, TRAINING AND TRAVEL                0.00          0.00       450.00                0.00
394-703-944         VEHICLE RENTAL                                 0.00          0.00     7,355.31                0.00
    Total Department 703:                                    155,016.04    238,284.00   154,411.95           13,422.94
Department: 778 LAKESHORE ART FESTIVAL
394-778-749         MISCELLANEOUS MATERIAL & SUPPLIES          8,681.16     2,000.00     10,773.66              545.00
394-778-801         CONTRACTUAL SERVICES                      12,379.48    20,000.00     14,702.11            2,850.00
394-778-850         TELEPHONE                                    756.15       700.00         68.71                0.00
394-778-903         ADVERTISING                                8,494.88     7,000.00      8,410.49                0.00
    Total Department 778:                                     30,311.67    29,700.00     33,954.97            3,395.00
Department: 780 TASTE OF MUSKEGON
394-780-749         MISCELLANEOUS MATERIAL & SUPPLIES             15.99         0.00          0.00                0.00
394-780-801         CONTRACTUAL SERVICES                      25,115.20         0.00          0.00                0.00
    Total Department 780:                                     25,131.19         0.00          0.00                0.00
Department: 808 FARMERS & FLEA MARKET
394-808-801         CONTRACTUAL SERVICES                       1,023.00         0.00          0.00                0.00

06/01/2026 03:18 PM                                                                        Page:      1/2

                                                                                                      Page 151 of 157
                                            DDA FOR CITY OF MUSKEGON
                                               Balance As Of 05/31/2026
                                                            YTD Balance        25-26   YTD Balance     Activity For
                                                                             Amended
GL Number             Description                           05/31/2025       Budget    05/31/2026          05/31/2026
Fund: 394 DOWNTOWN DEVELOPMENT AUTH DS
Account Category: Expenditures
Department: 808 FARMERS & FLEA MARKET
    Total Department 808:                                     1,023.00         0.00          0.00                0.00
Department: 809 EVENTS
394-809-749         MISCELLANEOUS MATERIAL & SUPPLIES         2,393.58         0.00      2,455.94                0.00
    Total Department 809:                                     2,393.58         0.00      2,455.94                0.00
Department: 906 DEBT SERVICE
394-906-801         CONTRACTUAL SERVICES                    183,934.83    145,000.00   205,027.86           11,949.61
394-906-995-400000 OPER. TRANS TO CAPITAL PROJECT           130,000.00    130,000.00         0.00                0.00
    Total Department 906:                                   313,934.83    275,000.00   205,027.86           11,949.61
  Expenditures                                              527,810.31    542,984.00   395,850.72           28,767.55




06/01/2026 03:18 PM                                                                       Page:      2/2

                                                                                                     Page 152 of 157
                  Agenda Item Review Form
            Muskegon Downtown Development
        Authority/Brownfield Redevelopment Authority
Commission Meeting Date: June 9, 2026              Title: DDA: Approval of 2026-2027 Budget

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

Brief Summary:
Staff is asking the DDA to approve the 2026-2027 budget as presented

Detailed Summary & Background:
Staff reviewed historical revenues, expenditures, and operational costs in developing the attached
FY 2026–2027 budget. As part of this review, staff also evaluated sponsorship expenditures from
recent fiscal years.

FY 2023–2024 Sponsorships: $22,800

    •   Lakeshore Legacy Project (downtown holiday lights)
    •   Parties in the Park
    •   Haybales
    •   MMA Festival of Trees


FY 2025–2026 Sponsorships: $41,623.69

    •   Pitch Competition with Muskegon Innovation Hub
    •   Chalet Workshops
    •   Chalet Rentals
    •   Parties in the Park
    •   Haybales
    •   Michigan Makers Market (Girlfriends Getaway Weekend)
    •   Lakeshore Legacy Project (downtown holiday lights)
    •   Snowflakes


FY 2026–2027 Proposed Sponsorships: $33,924

    •   Michigan Makers Market (Girlfriends Getaway Weekend)
    •   Haybales
    •   Lakeshore Legacy Project (downtown holiday lights)
    •   Snowflakes
    •   Chalet Rentals



                                                                                        Page 153 of 157
     • Chalet Workshops


As the Board considers future sponsorship requests, it is important to recognize that increases in
sponsorship funding reduce the resources available for other DDA priorities, including marketing,
consulting services, strategic planning initiatives, and other economic development activities. Staff
encourages the Board to consider sponsorship requests within the context of the DDA's overall goals,
available resources, and long-term financial sustainability.

Goal/Action Item:
2027 Goal 4: Financial Infrastructure

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

Amount Requested:                                   Budgeted Item:
N/A                                                  Yes           No           N/A

Fund(s) or Account(s):                              Budget Amendment Needed:
394-                                                 Yes           No           N/A

Recommended Motion:
I move to approve the 2026-2027 budget as presented.

Approvals:                                          Name the Policy/Ordinance Followed:
Immediate Division         X
Head
Information
Technology
Other Division Heads
Communication
Legal Review




                                                                                          Page 154 of 157
                                                       BUDGET REPORT FOR CITY OF MUSKEGON
                                                             Calculations As Of 06/30/2027

                                                            22-23           23-24          24-25           25-26        25-26               25-26        26-27             26-27
                                                        Activity        Activity       Activity  Amended Budget    Projected            Activity    Requested       Recommended
GL Number             Description
Fund: 394 DOWNTOWN DEVELOPMENT AUTH DS
Account Category: Estimated Revenues
394-000-402         PROPERTY TAX                       401,043.00     481,207.00     516,659.00      537,000.00    537,000.00       519,427.00      524,621.00       524,621.00
394-000-428         REIMBURSEMENT STATE                      0.00           0.00           0.00            0.00          0.00        39,469.06            0.00             0.00
394-000-540         STATE GRANTS                         2,625.00      12,750.00      12,000.00            0.00          0.00             0.00            0.00             0.00
394-000-569         STATE GRANTS OTHER                       0.00           0.00           0.00            0.00          0.00         6,621.98            0.00             0.00
394-000-613         EVENT REVENUE                      112,307.55     100,420.94      98,381.95      100,000.00    100,000.00        71,210.60      100,000.00       100,000.00
394-000-665-004970 INTEREST INCOME                       1,139.20       1,867.28       2,071.18        1,300.00      1,300.00         1,243.15        1,600.00         1,600.00
394-000-679-004845 FUNDRAISING REVENUE                   4,325.00           0.00           0.00            0.00          0.00             0.00            0.00             0.00
394-000-679-004846 SPONSORSHIP REVENUE                 352,753.26     280,139.25           0.00            0.00          0.00             0.00            0.00             0.00
394-000-679-004847 SPONSORSHIP REVENUE - MUSK ART F     68,933.47      23,500.00      24,000.00       12,000.00     12,000.00        36,000.00       33,500.00        33,500.00
394-000-684-004800 MISC. & SUNDRY                            0.00           0.00           0.00            0.00          0.00             0.00            0.00             0.00
394-000-699-100000 OP. TRANS FROM GENERAL FUND               0.00           0.00           0.00            0.00          0.00             0.00            0.00             0.00
394-000-699-200000 OP. TRANS FROM SPECIAL REVENUE       17,000.00           0.00         600.00            0.00          0.00             0.00            0.00             0.00
394-000-699-300000 OP. TRANS FROM DEBT SERVICE               0.00       3,136.62           0.00            0.00          0.00             0.00            0.00             0.00
394-000-699-400000 OP. TRANS FROM CAPITAL PROJECTS           0.00           0.00           0.00            0.00          0.00             0.00            0.00             0.00
  Estimated Revenues                                   960,126.48     903,021.09     653,712.13      650,300.00    650,300.00       673,971.79      659,721.00       659,721.00
Account Category: Appropriations
394-703-702         BUDGETED SALARIES & BENEFITS         1,615.75         777.60           0.00      138,284.00    138,284.00                0.00   140,209.00       140,209.00
394-703-703         SALARY PERMANENT                    65,085.47      52,733.51      70,695.55            0.00          0.00           76,316.06         0.00             0.00
394-703-707         OVERTIME                               219.85         299.64       2,442.90            0.00          0.00            2,473.51         0.00             0.00
394-703-708         VACATION PAY                         3,551.84      16,450.74       7,659.99            0.00          0.00            4,232.16         0.00             0.00
394-703-709         LONGEVITY PAY                            0.00           0.00           0.00            0.00          0.00                0.00         0.00             0.00
394-703-710         PERSONAL & OTHER LEAVE                 410.30         648.16         469.39            0.00          0.00            1,871.74         0.00             0.00
394-703-711         HOLIDAY PAY                          3,865.39       4,020.08       3,803.62            0.00          0.00            3,476.50         0.00             0.00
394-703-712         RETIREE HEALTHCARE - GENERAL         2,257.10       2,206.61       2,430.30            0.00          0.00            2,422.39         0.00             0.00
394-703-714         MERS RETIREMENT SYSTEM               6,822.79       6,639.66       7,535.81            0.00          0.00            7,428.87         0.00             0.00
394-703-717         HEALTH INSURANCE                    10,180.87      21,024.76      19,805.39            0.00          0.00            7,080.40         0.00             0.00
394-703-718         LIFE INSURANCE                         317.69         315.58         338.77            0.00          0.00              338.10         0.00             0.00
394-703-719         DENTAL INSURANCE                       940.35         963.84         967.40            0.00          0.00              497.24         0.00             0.00
394-703-721         DISABILITY INSURANCE                   261.79         270.98         306.29            0.00          0.00              311.17         0.00             0.00
394-703-722         SOCIAL SECURITY                      5,603.75       5,400.78       6,235.72            0.00          0.00            6,213.68         0.00             0.00
394-703-723         WORKERS' COMPENSATION                  424.17         346.26         686.77            0.00          0.00              617.95         0.00             0.00
394-703-724         UNEMPLOYMENT                            71.64          13.08           9.93            0.00          0.00                5.77         0.00             0.00
394-703-727         BUDGETED SUPPLIES                        0.00           0.00       4,460.00            0.00          0.00            3,129.40     4,000.00         4,000.00
394-703-728         OFFICE SUPPLIES                          0.00           0.00           0.00            0.00          0.00                0.00         0.00             0.00
394-703-749         MISCELLANEOUS MATERIAL & SUPPLIE     1,243.61         889.87           0.00            0.00          0.00                0.00         0.00             0.00
394-703-801         CONTRACTUAL SERVICES                26,588.91      63,853.63      38,583.62      100,000.00    100,000.00           30,130.28    40,000.00        40,000.00
394-703-850         TELEPHONE                              100.00         299.80         259.72            0.00          0.00               61.42         0.00             0.00
394-703-861         CONFERENCE, TRAINING AND TRAVEL          0.00           0.00           0.00            0.00          0.00              450.00         0.00             0.00
394-703-944         VEHICLE RENTAL                           0.00           0.00           0.00            0.00          0.00            7,355.31     6,500.00         8,000.00
394-778-749         MISCELLANEOUS MATERIAL & SUPPLIE    10,360.67      11,018.90      16,597.60        2,000.00      2,000.00           10,773.66    17,000.00        17,000.00
394-778-801         CONTRACTUAL SERVICES               112,924.33      65,048.58      68,660.12       20,000.00     20,000.00           14,702.11    12,000.00        12,000.00
394-778-810         ENGINEERING SERVICES                   605.33           0.00           0.00            0.00          0.00                0.00         0.00             0.00
394-778-850         TELEPHONE                              487.91         752.38         824.95          700.00        700.00               68.71       700.00           700.00
394-778-861         CONFERENCE, TRAINING AND TRAVEL        130.00           0.00           0.00            0.00          0.00                0.00         0.00             0.00
394-778-903         ADVERTISING                         36,691.30      19,892.91      13,272.25        7,000.00      7,000.00            8,410.49     8,500.00         8,500.00
394-778-963         BANK CHARGES                         3,414.33       2,637.17           0.00            0.00          0.00                0.00         0.00             0.00
394-780-749         MISCELLANEOUS MATERIAL & SUPPLIE    28,129.17      13,131.28          15.99            0.00          0.00                0.00         0.00             0.00
394-780-801         CONTRACTUAL SERVICES               273,589.27     214,304.98      25,115.20            0.00          0.00                0.00         0.00             0.00
394-780-850         TELEPHONE                                0.00           0.00           0.00            0.00          0.00                0.00         0.00             0.00
06/02/2026 05:07 PM                                                                                                             Page:      1/2

                                                                                                                                                                 Page 155 of 157
                                                       BUDGET REPORT FOR CITY OF MUSKEGON
                                                             Calculations As Of 06/30/2027

                                                            22-23           23-24          24-25           25-26        25-26               25-26        26-27             26-27
                                                        Activity        Activity       Activity  Amended Budget    Projected            Activity    Requested       Recommended
GL Number             Description
Fund: 394 DOWNTOWN DEVELOPMENT AUTH DS
Account Category: Appropriations
394-780-902         PRINTING                                 0.00           0.00           0.00            0.00          0.00             0.00            0.00             0.00
394-780-903         ADVERTISING                          3,711.68       4,677.79           0.00            0.00          0.00             0.00            0.00             0.00
394-808-801         CONTRACTUAL SERVICES                     0.00           0.00       1,277.90            0.00          0.00             0.00            0.00             0.00
394-809-749         MISCELLANEOUS MATERIAL & SUPPLIE     2,411.04       3,261.09       2,393.58            0.00          0.00         2,455.94            0.00             0.00
394-809-850         TELEPHONE                            3,240.96       3,137.09           0.00            0.00          0.00             0.00            0.00             0.00
394-906-778         BUDGETED OTHER EXPENSES                  0.00           0.00           0.00            0.00          0.00             0.00            0.00             0.00
394-906-801         CONTRACTUAL SERVICES                76,559.40     105,491.15     204,884.93      145,000.00    145,000.00       205,027.86      216,000.00       216,000.00
394-906-861         CONFERENCE, TRAINING AND TRAVEL        255.06           0.00           0.00            0.00          0.00             0.00            0.00             0.00
394-906-903         ADVERTISING                            278.62         271.36           0.00            0.00          0.00             0.00            0.00             0.00
394-906-963         REFUNDS/RESALES                          0.00           0.00           0.00            0.00          0.00             0.00            0.00             0.00
394-906-992         PRINCIPAL EXP (BONDS)                    0.00           0.00           0.00            0.00          0.00             0.00            0.00             0.00
394-906-994         INTEREST EXPENSE (BONDS)                 0.00           0.00           0.00            0.00          0.00             0.00            0.00             0.00
394-906-995         OPERATING TRANSFER OUT                   0.00           0.00           0.00            0.00          0.00             0.00            0.00             0.00
394-906-995-400000 OPER. TRANS TO CAPITAL PROJECT      130,000.00     222,651.20     130,000.00      130,000.00    130,000.00             0.00      130,000.00       130,000.00
394-999-995-400000 OPER. TRANS TO CAPITAL PROJECT            0.00           0.00      30,000.00            0.00          0.00             0.00            0.00             0.00
  Appropriations                                       812,350.34     843,430.46     659,733.69      542,984.00    542,984.00       395,850.72      574,909.00       576,409.00
Fund 394 - DOWNTOWN DEVELOPMENT AUTH DS:
TOTAL ESTIMATED REVENUES                               960,126.48     903,021.09     653,712.13      650,300.00    650,300.00       673,971.79      659,721.00       659,721.00
TOTAL APPROPRIATIONS                                   812,350.34     843,430.46     659,733.69      542,984.00    542,984.00       395,850.72      574,909.00       576,409.00
NET OF REVENUES & APPROPRIATIONS:                      147,776.14      59,590.63      (6,021.56)     107,316.00    107,316.00       278,121.07       84,812.00        83,312.00




06/02/2026 05:07 PM                                                                                                             Page:     2/2

                                                                                                                                                                 Page 156 of 157
                Agenda Item Review Form
          Muskegon Downtown Development
      Authority/Brownfield Redevelopment Authority
Commission Meeting Date: June 9, 2026             Title: BRA CLOSED SESSION: TIF Capture

Submitted by:                                     Department: Economic Development

Brief Summary:

Detailed Summary & Background:

Goal/Action Item:

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

Amount Requested:                                 Budgeted Item:
                                                   Yes          No             N/A

Fund(s) or Account(s):                            Budget Amendment Needed:
                                                   Yes          No             N/A

Recommended Motion:

Approvals:                                        Name the Policy/Ordinance Followed:
Immediate Division
Head
Information
Technology
Other Division Heads
Communication
Legal Review




                                                                                      Page 157 of 157

Go to the top of the page.


Sign up for City of Muskegon Emails