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February 15, 2017 Ways and Means Agenda

                                                             AGENDA
                                         WAYS & MEANS COMMITTEE
                                                    February 15, 2017
                                                            6:30 p.m.
                                 Administration Building - Board Room
                                                    220 N. Main Street
                                                   Ann Arbor, Michigan
                                           http://www.ewashtenaw.org
 

I. Roll Call
 
II. Citizen Participation
 
III. Commissioner Follow-up to Citizen Participation
 
IV. New Business
 
 
A. Economic Development
 
 1. Office of Community and Economic Development
 
 a. Adoption of the Brownfield Redevelopment Plan and budget for Grand View Commons, 7931, 7905, 7961 Grand Street, and Baker Street, City of Dexter
 
  -Adopting of the Brownfield Redevelopment Plan and budget for Grand View Commons, 7931, 7905, 7961 Grand Street, and Baker Street, City of Dexter
 
  -To support the redevelopment of the above mentioned parcels which occupy approximately 8 acres within the city of Dexter’s Downtown Development Authority (DDA) and will be redeveloped with approximately $25 million in private investment into 76 condiminiums
 -To allow for the use of Tax Increment Financing to reimburse eligible activities that address contamination, site conditions, and public infrastructure in the specified area, including:
- Baseline Environmental Assessment
- Due Care
- Additional Response Activities
- Demolition
- Lead and asbestos abatement
- Preparation of Brownfield Plan and Work Plans
- 15% Contingency
- WCBRA Administrative Fees
- Interest on unreimbursed eligible activities
- State brownfield redevelopment fund
- Deposits into the County’s Local Site Revolving Remediation Fund
 -Reimbursements will total approximately $3,370,613 over the life of the plan
 
 -The site is located within the City of Dexter’s Downtown Development Authority District, and the Dexter DDA has agreed to forego 75% of its incremental capture to the Brownfield Authority, to be used to reimburse the developer for eligible brownfield expenses
 -After the plan expires, it’s estimated that County Operating funds generated will be approximately $26,000 per year
 
 -The plan was approved by the City of Dexter City Council on December 12th, 2016, and by the Washtenaw County Brownfield Redevelopment Authority on December, 2016
 
 RECOMMENDATION: APPROVAL
 
B. Civic Infrastructure
 
 1. Office of the Treasurer
 
 a. Delinquent Tax Borrowing
 
 -Issuing 2017 General Obligation Limited Tax Notes
 -In an amount not to exceed $ 30,000,000
 -For the 2016 delinquent taxes
 
 
 RECOMMENDATION: APPROVAL
 
 
V. Report of the Administrator
 
VI. Report of the Chair of Ways and Means
 
VII. Report of the Chair of the Board
 
VIII. Items for Current/Future Discussion
 
IX. Pending
 
X. Adjournment
 
Next Ways & Means Meeting
March 1, 2017
Board Room
220 N. Main Street
Ann Arbor
6:30 p.m.

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