Brownfield Redevelopment Authority - Regular Meeting

Brownfield Redevelopment Authority City Hall Minutes Packet 300 Monroe Ave NW, 9th Floor Grand Rapids, MI 49503 February 23, 2022 @ 8:30 AM City Commission Chambers I. Call to Order The meeting was called to order at 8:33 AM by Chair Guillermo Cisneros. PRESENT: Guillermo Cisneros, Kristine Bersche, Lynn Rabaut, Kimberly McLaughlin, Daniel Barcheski, Milinda Ysasi, Micah Perkins, Nathaniel Moody ABSENT: John Van Fossen, Troy Butler OTHERS Jonathan Klooster, Jeremiah Gracia, Jordan Turner, Jess Solis, Regina PRESENT: Pell, Kurt Reppuhn, Jessica Wood (legal counsel), JD Loeks (Jackson Entertainment, LLC), Jared Belka (Warner Norcross & Judd), Jeff Edwards (Rockford Construction) 1. Excused Absences There were no excused absences. II. Minutes Approval 1. Approval of Minutes from January 26, 2022 No comments or corrections were noted. Motion to approve the January 26, 2022 Minutes. RESULT: ACCEPTED [UNANIMOUS] MOVER: Nathaniel Moody, Commissioner SECONDER: Kristine Bersche, Secretary YEAS: Cisneros, Rabaut, Bersche, Ysasi, McLaughlin, Perkins, Moody ABSENT: Troy Butler, Daniel Barcheski EXCUSED: John Van Fossen III. Action Items 1. Resolution Approving a Revised Brownfield Plan Amendment for the Jackson Entertainment, LLC Redevelopment Project at 120 Ottawa Avenue NW Jess Solis presented the item and introduced JD Loeks with Jackson Entertainment, LLC and Jared Belka with Warner Norcross & Judd. The development team provided Generated 3/8/2022 02:46 PM Brownfield Redevelopment Authority Meeting Full Page 2 February 23, 2022 additional details on the residential tower project, which is the second phase of the Studio Park project. Motion to approve a Revised Brownfield Plan Amendment for Jackson Entertainment, LLC Redevelopment Project located at 120 Ottawa Avenue NW. RESULT: APPROVED [UNANIMOUS] MOVER: Kristine Bersche, Secretary SECONDER: Milinda Ysasi, Commissioner YEAS: Cisneros, Rabaut, Bersche, Ysasi, McLaughlin, Perkins, Moody ABSENT: Troy Butler, Daniel Barcheski EXCUSED: John Van Fossen 2. Approval of Invoices Documenting Eligible Expenses for the GRIP Medical Properties I, LLC Redevelopment Project at 400 Monroe Avenue NW Jonathan Klooster presented the item and introduced Jeff Edwards with Rockford Construction. Mr. Edwards discussed the completed project, which developeed an approximately 200,000 square foot medical office and innovation building, and an approximately 600 space parking structure at 400 Monroe Avenue NW. Motion to approve Eligible Activity Invoices in the amount of $18,205,685 and a current payment of $739,314 for GRIP Medical Properties I, LLC. RESULT: APPROVED [UNANIMOUS] MOVER: Nathaniel Moody, Commissioner SECONDER: Kim McLaughlin, Member YEAS: Cisneros, Rabaut, Bersche, Ysasi, McLaughlin, Perkins, Moody ABSENT: Troy Butler, Daniel Barcheski EXCUSED: John Van Fossen IV. Reports 1. Brownfield Plan Project Summary Mr. Klooster presented this report, which is included in the agenda packet. RESULT: DISCUSSED V. Other Business None. VI. Public Comment None. Generated 3/8/2022 02:46 PM Brownfield Redevelopment Authority Meeting Full Page 3 February 23, 2022 VII. Adjournment The meeting was adjourned at 9:18 AM by Chair Cisneros. Generated 3/8/2022 02:46 PM