Brownfield Redevelopment Authority - Regular Meeting

Brownfield Redevelopment Authority City Hall Minutes Packet 300 Monroe Ave NW, 9th Floor Grand Rapids, MI 49503 January 26, 2022 @ 8:30 AM City Commission Chambers I. Call to Order The meeting was called to order at 8:32 AM by Chair Guillermo Cisneros. PRESENT: Guillermo Cisneros, Troy Butler, Kristine Bersche, Lynn Rabaut, John Van Fossen, Nathaniel Moody ABSENT: Kimberly McLaughlin, Daniel Barcheski, Milinda Ysasi, Micah Perkins OTHERS Jonathan Klooster, Jeremiah Gracia, Jordan Turner, Jessica Wood (legal PRESENT: counsel), Jim Pollock (The Hinman Company), Tom Ralston (Union Suites, LLC) 1. Excused Absences The members who had alerted the Executive Director that they would be unable to attend ahead of time were listed. Motion to excuse the absences of Kim McLaughlin, Dan Barcheski and Milinda Ysasi. RESULT: ADOPTED [UNANIMOUS] MOVER: Troy Butler, Treasurer SECONDER: Kristine Bersche, Secretary YEAS: Cisneros, Rabaut, Bersche, Butler, Van Fossen, Moody ABSENT: Milinda Ysasi, Daniel Barcheski, Kim McLaughlin, Micah Perkins II. Minutes Approval 1. Approval of Minutes from December 8, 2021 No comments or corrections were noted. Motion to approve the December 8, 2021 Minutes. Minutes from December 8, 2021 Generated 3/16/2022 03:39 PM Brownfield Redevelopment Authority Meeting Full Page 2 January 26, 2022 RESULT: ACCEPTED [UNANIMOUS] MOVER: Lynn Rabaut, Vice Chair SECONDER: John Van Fossen, Member YEAS: Cisneros, Rabaut, Bersche, Butler, Van Fossen, Moody ABSENT: Milinda Ysasi, Daniel Barcheski, Kim McLaughlin, Micah Perkins III. Financial Statements 1. Audited Financial Statements as of June 30, 2021 Tricia Chapman presented the audited financial statement for Fiscal Year 2021, which were prepared by Plante & Moran, PLLC. The auditors gave a clean opinion. Motion to receive and file the Audited Financial Statements for Fiscal Year 2021. RESULT: APPROVED [UNANIMOUS] MOVER: Troy Butler, Treasurer SECONDER: Lynn Rabaut, Vice Chair YEAS: Cisneros, Rabaut, Bersche, Butler, Van Fossen, Moody ABSENT: Milinda Ysasi, Daniel Barcheski, Kim McLaughlin, Micah Perkins 2. Interim FY2022 Financial Statements as of December 31, 2021 Tricia Chapman presented the Interim FY2022 Financial Statements as of December 31, 2021. Motion to approve Financial Statement C. RESULT: APPROVED [UNANIMOUS] MOVER: Troy Butler, Treasurer SECONDER: John Van Fossen, Member YEAS: Cisneros, Rabaut, Bersche, Butler, Van Fossen, Moody ABSENT: Milinda Ysasi, Daniel Barcheski, Kim McLaughlin, Micah Perkins IV. Action Items 1. Approval of Invoices Documenting Eligible Expenses for the HGR-1, LLC Redevelopment Project at 10 Ionia Avenue NW Jonathan Klooster presented the item and introduced Jim Pollock with The Hinman Company. Mr. Pollock discussed the completed project, which developed a surface parking lot into a 13-story mixed-use building which includes hotel rooms and related amenities, as well as ground floor retail space, and pictures of the finished development. Generated 3/16/2022 03:39 PM Brownfield Redevelopment Authority Meeting Full Page 3 January 26, 2022 Motion to approve Eligible Activity Invoices in the amount of $2,301,102 and a current payment of $292,722 for HGR-1, LLC. RESULT: APPROVED [UNANIMOUS] MOVER: Lynn Rabaut, Vice Chair SECONDER: Kristine Bersche, Secretary YEAS: Cisneros, Rabaut, Bersche, Butler, Van Fossen, Moody ABSENT: Milinda Ysasi, Daniel Barcheski, Kim McLaughlin, Micah Perkins 2. Resolution approving and recommending a Brownfield Plan Amendment and approving and authorizing execution of a Local Brownfield Revolving Loan Fund Grant Agreement for the Union Suites on Coit Redevelopment Project at 608-626 Coit Avenue NE Mr. Klooster presented the item and introduced Tom Ralston with Union Suites, LLC. The development team discussed the affordable residential redevelopment project located at 608-626 Coit Avenue NE. Motion to approve a Brownfield Plan Amendment and Local Brownfield Revolving Loan Fund Grant Agreement for Union Suites, LLC for a project located at 608- 626 Coit Avenue NE. RESULT: APPROVED [UNANIMOUS] MOVER: Lynn Rabaut, Vice Chair SECONDER: Troy Butler, Treasurer YEAS: Cisneros, Rabaut, Bersche, Butler, Van Fossen, Moody ABSENT: Milinda Ysasi, Daniel Barcheski, Kim McLaughlin, Micah Perkins 3. Resolution approving an Act 381 Work Plan and approving and authorizing execution of a Development and Reimbursement Agreement for Spectrum Health System's Center for Transformation and Innovation Project Mr. Klooster presented the Work Plan and Development and Reimbursement Agreement for the Spectrum Health redevelopment project and gave some additional information on the project. Motion to approve a Work Plan and Development and Reimbursement Agreement for Spectrum Health System for a project located at 635, 706 and 725 Bond Avenue NW. Generated 3/16/2022 03:39 PM Brownfield Redevelopment Authority Meeting Full Page 4 January 26, 2022 RESULT: APPROVED [UNANIMOUS] MOVER: John Van Fossen, Member SECONDER: Lynn Rabaut, Vice Chair YEAS: Cisneros, Rabaut, Bersche, Butler, Van Fossen, Moody ABSENT: Milinda Ysasi, Daniel Barcheski, Kim McLaughlin, Micah Perkins 4. Resolution approving and authorizing execution of a Local Brownfield Revolving Fund Loan Agreement for the West Michigan Construction Institute for a project located at 801 Century Avenue SW Jordan Turner presented the item and discussed the education and office space redevelopment project located at 801 Century Avenue SW. Motion to approve a Local Brownfield Revolving Fund Loan Agreement for the West Michigan Construction Institute for a project located at 801 Century Avenue SW. RESULT: APPROVED [UNANIMOUS] MOVER: Lynn Rabaut, Vice Chair SECONDER: Troy Butler, Treasurer YEAS: Cisneros, Rabaut, Bersche, Butler, Van Fossen, Moody ABSENT: Milinda Ysasi, Daniel Barcheski, Kim McLaughlin, Micah Perkins 5. Approval of program guidelines and appropriations for an Environmental Site Assessment Grant program with funding from the Local Brownfield Revolving Fund Mr. Klooster presented the proposed changes to the LBRF policy, ESA program guidelines and the proposed application. Motion to approve Local Brownfield Revolving Fund policy amendment, Environmental Site Assessment Grant program guidelines and appropriations for an Environmental Site Assessment Grant program with funding from the Local Brownfield Revolving Fund RESULT: APPROVED [UNANIMOUS] MOVER: Troy Butler, Treasurer SECONDER: John Van Fossen, Member YEAS: Cisneros, Rabaut, Bersche, Butler, Van Fossen, Moody ABSENT: Milinda Ysasi, Daniel Barcheski, Kim McLaughlin, Micah Perkins V. Reports None. Generated 3/16/2022 03:39 PM Brownfield Redevelopment Authority Meeting Full Page 5 January 26, 2022 VI. Other Business None. VII. Public Comment None. VIII. Adjournment The meeting was adjourned at 9:45 AM by Chair Cisneros. Generated 3/16/2022 03:39 PM