Brownfield Redevelopment Authority - Regular Meeting

Brownfield Redevelopment Authority City Hall Minutes Packet 300 Monroe Ave NW, 9th Floor Grand Rapids, MI 49503 December 6, 2023 @ 8:30 AM City Commission Chambers PRESENT: Jeff Edwards, Guillermo Cisneros, Lynn Rabaut, Kristine Bersche, Troy Butler, Commissioner Milinda Ysasi, Kim McLaughlin, John VanFossen ABSENT: Commissioner Nathaniel Moody, Martin Uchendu, Brooke Oosterman OTHERS: Jonathan Klooster, Christian Borg, Jordan Turner, Jessica Solis, Chad Buczkowski, Tricia Chapman, Jessica Wood, Erin Banchoff I. Call to Order The meeting was called to order at 8:35 AM by Chair Guillermo Cisneros. II. Excused Absences 1. The members who alerted the Executive Director that they would be unable to attend ahead of time were listed. Motion to excuse the absences of Commissioner Nathaniel Moody and Martin Uchendu. RESULT: ADOPTED [UNANIMOUS] MOVER: Milinda Ysasi, Commissioner SECONDER: Lynn Rabaut, Vice Chair YEAS: Edwards, Cisneros, Rabaut, Bersche, Butler, Ysasi, McLaughlin, VanFossen ABSENT: Nathaniel Moody, Martin Uchendu, Brooke Oosterman III. Public Comment on Agenda Items None. IV. Conflicts of Interest Kim McLaughlin will abstain from Agenda Action Item #2. V. Minutes Approval 1. Approval of Minutes from October 25, 2023 No corrections or comments were made. Motion to approve the minutes from October 25, 2023. Generated 12/7/2023 01:11 PM Brownfield Redevelopment Authority Meeting Full Page 2 December 6, 2023 RESULT: ACCEPTED [UNANIMOUS] MOVER: Kim McLaughlin, Member SECONDER: Lynn Rabaut, Vice Chair YEAS: Edwards, Cisneros, Rabaut, Bersche, Butler, Ysasi, McLaughlin, VanFossen ABSENT: Nathaniel Moody, Martin Uchendu, Brooke Oosterman VI. Financial Statements 1. Interim Financial Statements as of October 31, 2023 Tricia Chapman presented the financials and answered questions. Motion to accept Financial Statement C. RESULT: APPROVED [UNANIMOUS] MOVER: Troy Butler, Treasurer SECONDER: Milinda Ysasi, Commissioner YEAS: Edwards, Cisneros, Rabaut, Bersche, Butler, Ysasi, McLaughlin, VanFossen ABSENT: Nathaniel Moody, Martin Uchendu, Brooke Oosterman VII. Action Items 1. Resolution approving a Development and Reimbursement Agreement for the DeVries Jewelers Redevelopment Project located at 433 Leonard Street NW Jessica Solis presented this resolution and noted no changes to the project from previous approvals. Motion to approve a Development and Reimbursement Agreement for the DeVries Jewelers Redevelopment Project located at 433 Leonard Street NW. RESULT: APPROVED [UNANIMOUS] MOVER: Milinda Ysasi, Commissioner SECONDER: John VanFossen, Member YEAS: Edwards, Cisneros, Rabaut, Bersche, Butler, Ysasi, McLaughlin, VanFossen ABSENT: Nathaniel Moody, Martin Uchendu, Brooke Oosterman 2. Resolution approving and authorizing execution of a Development and Reimbursement Agreement for the Factory Yards Redevelopment Project Jonthan Klooser noted that this agreement is different than previous Brownfield agreements. This one is between the Developer, the Brownfield Authority, the Michigan Strategic Fund, and the Michigan Department of Treasury. Motion to approve and authorize execution of a Development and Reimbursement Agreement for the Factory Yards Redevelopment Project. Generated 12/7/2023 01:11 PM Brownfield Redevelopment Authority Meeting Full Page 3 December 6, 2023 RESULT: APPROVED [7 TO 0] MOVER: Milinda Ysasi, Commissioner SECONDER: John VanFossen, Member YEAS: Edwards, Cisneros, Rabaut, Bersche, Butler, Ysasi, VanFossen ABSTAIN: Kim McLaughlin ABSENT: Nathaniel Moody, Martin Uchendu, Brooke Oosterman 3. Resolution approving the termination and removal of Plan Amendments from the City of Grand Rapids Brownfield Redevelopment Authority Brownfield Plan Mr. Klooster explained that neither of the two listed projects have transpired and any taxes that have been captured will be returned to the taxing authorities. Notices were delivered to the developers and the time for a response from them has expired. Motion to approve the termination and removal of Plan Amendments from the City of Grand Rapids Brownfield Redevelopment Authority Brownfield Plan. RESULT: APPROVED [UNANIMOUS] MOVER: Lynn Rabaut, Vice Chair SECONDER: Milinda Ysasi, Commissioner YEAS: Edwards, Cisneros, Rabaut, Bersche, Butler, Ysasi, McLaughlin, VanFossen ABSENT: Nathaniel Moody, Martin Uchendu, Brooke Oosterman 4. 2024 Meeting Schedule The meetings remain the 4th Wednesday of every month except November/December. Motion to approve the 2024 Meeting Schedule. RESULT: APPROVED [UNANIMOUS] MOVER: Jeff Edwards SECONDER: Lynn Rabaut, Vice Chair YEAS: Edwards, Cisneros, Rabaut, Bersche, Butler, Ysasi, McLaughlin, VanFossen ABSENT: Nathaniel Moody, Martin Uchendu, Brooke Oosterman VIII. Other Business 1. Discussion of HOME Investment Partnership Funding Opportunity Mr. Klooster, with the help of Erin Banchoff, presented a few hypothetical funding strategies to support homeownership under the auspices of the new Brownfield housing legislation. IX. Public Comment None. X. Adjournment Generated 12/7/2023 01:11 PM Brownfield Redevelopment Authority Meeting Full Page 4 December 6, 2023 The meeting adjourned at 9:05 AM. Generated 12/7/2023 01:11 PM