Lansing Brownfield Redevelopment Authority LBRA

Lansing Brownfield Redevelopment Authority (LBRA) Board of Directors Meeting Friday, June 6, 2025 – 8:30 AM REO Town Clubhouse - 1314 S. Washington Ave., Lansing, MI 48910 AGENDA 1. Call to Order/Rollcall 2. Welcome to REO Town Clubhouse 3. Welcome New Lansing EDC Employee 4. Approval of LBRA Board Meeting Minutes – Friday, May 23, 2025 5. 603-607 E. Michigan Ave. Rehabilitation Project Brownfield Plan #88 (ACTION) 6. Approval of FY2024/2025 LBRA Budget Amendment (ACTION) Attached Amended FY2024/2025 LBRA Budget- Highlighted in Orange 7. Approval of FY2025/2026 LBRA Budget (ACTION) Attached Proposed FY2025/2026 LBRA Budget- Highlighted in Blue 8. Open Forum for LBRA Board Members 9. Other Business 10. Public Comment 11. Adjournment 1  Page 1 of 2 Special LBRA Board of Directors Meeting Friday, May 23, 2025 – 9:30 A.M. Lansing EDC Office - 401 S. Washington Sq. Suite 101, Lansing, MI 48933 MINUTES Members Present: Shelley Davis Boyd, Calvin Jones, Jonathan Smith, Bryan Britten, Catherine Rathbun, Chaz Carrillo Members Absent: Rawley Van Fossen, Dr. Alane Laws-Barker (excused) Staff Present: Kris Klein Guests: None Call to Order Chair Davis Boyd called the meeting to order at 9:30 A.M. Approval of LBRA Board Meeting Minutes – Friday, May 9, 2025 (ACTION) MOTION: Member Smith moved to approve the LBRA meeting minutes from the Friday, May 9, 2025 Board of Directors meeting, as presented. Member Carrillo supported the motion. YEAS: Unanimous, motion carried. 820 W. Miller Redevelopment Project Brownfield Plan #86 (ACTION) MOTION: Member Jones moved to approve the 820 W. Miller Redevelopment Project Brownfield Plan #86, as presented. Member Carrillo supported the motion. YEAS: Unanimous, motion carried. Turner North Brownfield Plan #89 Policy Exemption (ACTION) MOTION: Member Carrillo moved to approve the Turner North Brownfield Plan #89 Policy Exemption Request, as presented. Member Britten supported the motion. YEAS: Unanimous, motion carried. 2  Page 2 of 2 Open Forum for LBRA Board Members None. Other Business None. Public Comment None. Adjournment Chair Davis Boyd adjourned the Lansing Brownfield Redevelopment Authority meeting at 9:32 A.M. ________________________________________________________ Kris Klein, Vice President Lansing Economic Development Corporation (LEDC) 3  THE LANSING BROWNFIELD REDEVELOPMENT AUTHORITY (LBRA) Resolution Recommending Approval of Plan #88 603, 605, 607 E. Michigan Avenue Redevelopment At a meeting of the Board of Directors of the Lansing Brownfield Redevelopment Authority (LBRA) City of Lansing, Michigan, held on Friday, June 6, 2025, at 8:30 a.m., pursuant to notice duly given: PRESENT: Members: ABSENT: Members: The following preamble and resolution was offered by; Member: , and seconded by Member: WHEREAS, The LBRA (Authority) staff has worked closely with representatives of Novi Properties, LLC (the “Developer”) to draft Brownfield Plan #88 – 603, 605, 607 E. Michigan Avenue Redevelopment (Plan); and WHEREAS, The LBRA staff has duly reviewed such Plan and has found it to be in compliance with the provisions of Act 381 of Michigan Public Acts of 1996, as amended (Act), and meets the following determinations and findings: 1. The Plan constitutes a public purpose under the Act; 2. The Plan meets all of the requirements for a brownfield plan set forth in Section 13 of the Act; 3. The proposed method of financing the cost of the eligible activities, as described in the Plan, is feasible and the Authority has the ability to arrange the financing; 4. The costs of the eligible activities proposed in the Plan are reasonable and necessary to carry out the purposes of the Act; and 5. The amount of the captured taxable value estimated to result from the adoption of the Plan is reasonable; and WHEREAS, The LBRA staff recommends approval of Brownfield Plan #88 – 603, 605, 607 E. Michigan Avenue Redevelopment. 4 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE LANSING BROWNFIELD REDEVELOPMENT AUTHORITY, AS FOLLOWS: 1. The Brownfield Plan described as Brownfield Plan #88 – 603, 605, 607 E. Michigan Avenue Redevelopment in the form filed herewith is hereby approved by the Lansing Brownfield Redevelopment Authority and recommended for consideration by the City Council of the City of Lansing pursuant to Act 381 of Michigan Public Acts of 1996, as amended. 2. The LBRA Board hereby requests that the Lansing City Council, after required notification as specified by the Act, hold a public hearing in consideration of this matter, and subsequently approve the Plan. YEAS: NAYS: ABSTENTIONS: ABSENT: STATE OF MICHIGAN ) ) SS. COUNTY OF INGHAM ) I hereby certify that the foregoing is a true and complete copy of a resolution adopted at a meeting of the Brownfield Redevelopment Authority held on the 6th day of June 2025, and said resolution is on file in the office of the Lansing Brownfield Redevelopment Authority and is available to the public. Public notice of the said meeting was given pursuant to and in compliance with Act No. 267, Public Acts of Michigan 1976, including in the case of a special or re-scheduled meeting, notice by publication or posting of at least eighteen (18) hours prior to the time set for the meeting. In addition, said meeting was held in full compliance with the Board’s By-Laws. IN WITNESS WHEREOF, I have hereunto affixed my official signature. ________________________________ Shelley Davis-Boyd, Chair 5 6 7 8 9 10 Avenueadfadfadfadf Lansing Brownfield Redevelopment Authority 603-607 E. Michigan Avenue Rehabilitation Project Brownfield Plan #88 603, 605, and 607 E. Michigan Avenue Lansing, Michigan 48912 PREPARED BY: Triterra 1375 S. Washington Avenue, Suite 100 Lansing, Michigan 48910 Contact Person: Dave Van Haaren dave.vanhaaren@triterra.us Phone: 517-853-2152 REVIEWED BY: Lansing Brownfield Redevelopment Authority 401 S. Washington Avenue, Suite 101 Lansing, Michigan 48910 Contact Person: Karl Dorshimer karl@lansingedc.com Phone: 517-243-3512 June 3, 2025 Approved by the LBRA on ___________, 2025 Adopted by the Lansing City Council on ___________, 2025 11  Brownfield Plan #88 603-607 E. Michigan Avenue Rehabilitation Project June 3, 2025 Table of Contents Section Page 1. Project Summary Sheet............................................................................................... 1 2. Purpose of Brownfield Plan and Past Use of the Property ......................................... 3 2.1 Environmental ................................................................................................... 5 2.2 Specific Housing Need....................................................................................... 5 2.3 Job Growth Data ............................................................................................... 7 2.4 Eligibility ............................................................................................................ 7 3. Brownfield Project Description ................................................................................... 7 4. Developer Eligible Activities........................................................................................ 8 5. Captured Taxable Value and Tax Increment Revenues .............................................. 9 6. Method of Brownfield Plan Financing ...................................................................... 10 7. Amount of Note or Bonded Indebtedness Incurred ................................................. 10 8. Duration of the Brownfield Plan ............................................................................... 10 9. Estimated Impact on Taxing Jurisdictions ................................................................. 11 10. Legal Description & Site Map .................................................................................... 12 11. Personal Property ..................................................................................................... 12 12. Displacement of Persons .......................................................................................... 12 13. Local Brownfield Revolving Fund .............................................................................. 12 14. Other Information ..................................................................................................... 12 FIGURES Figure 1: Property Location Map Figure 2: Eligible Property Map TABLES Table 1: Brownfield Eligible Activities Table 2: Tax Increment Revenue Capture Estimates Table 3: Tax Increment Revenue Reimbursement Allocation Table ATTACHMENTS Attachment A: Parcel Records Attachment B: Letter of Functional Obsolescence 12  Brownfield Plan #88 603-607 E. Michigan Avenue Rehabilitation Project June 3, 2025 1. Project Summary Sheet The purpose of this Brownfield Plan (the “Plan”) is to identify eligible activities and cost estimates for rehabilitation of the property located at 603, 605, and 607 E. Michigan Avenue in the City of Lansing, Michigan. Brownfield tax increment financing is necessary to support rehabilitation of the property. Project Name: 603-607 E. Michigan Avenue Rehabilitation Project (the “Project”) Developer: Michigan Ave Revitalization, LLC (the “Developer”) 330 Marshall Street, Suite 100 Lansing, MI 48912 Property Location: Parcel Numbers 33-01-01-16-277-181, 33-01-01-16-277-191, 33-01-01-16-277-222 which are three contiguous parcels of land, totaling 0.30 acres, located at 603, 605, and 607 E. Michigan Avenue in Lansing, Michigan 48912 (the “Property”). Type of Eligible Property: “Functionally Obsolete” and “Housing Property” Project Description: The existing buildings on the Property will be rehabilitated into mixed-use buildings. In its entirety the project will transform the first floor of the buildings along E. Michigan Avenue. The second floor of each building will be rehabilitated into residential units. Currently, one commercial storefront and fifteen residential units are planned. Brownfield Eligible activities include Michigan Department of Environment, Great Lakes and Energy (EGLE) pre-approved activities, asbestos and lead survey and abatement activities, demolition activities, infrastructure improvement activities, housing development activities identified as qualified rehabilitation costs, application fee, and preparation and implementation of a Brownfield Plan and Act 381 Work Plan. 1 13  Brownfield Plan #88 603-607 E. Michigan Avenue Rehabilitation Project June 3, 2025 Total Capital Investment: Total capital investment is estimated at $8,189,371 of which $1,021,517 in eligible activities are associated with the proposed Project. Estimated Job Creation/Retention: The completed project is projected to create two full-time equivalent (FTE) jobs; the average hourly wage is estimated at $15 per hour. Duration of Plan: The duration of the Plan includes capture of Tax Increment Revenue (TIR) for reimbursement to the Developer for 15 years (starting in 2028). Total New Taxes Generated by Development for the Duration (15 years) of the Brownfield Plan: $1,415,011 % of New Taxes Uses Portion Captured by LBRA to Reimburse Developer¹ $1,021,517 72.2% Passed Through to Debt Millage, TIFA (10% Local Millage), and $262,876 18.6% 10% State School Operating and State Education Tax Portion Captured for LBRA Plan Administration and Local $76,864 5.4% Brownfield Revolving Fund (LBRF) (10% of available Local TIR²) Portion Captured for the State Brownfield Revolving Fund $53,753 3.8% TOTAL NEW TAXES GENERATED $1,415,011 100% ¹ The table depicts the current maximum capture based on the current estimated future taxable value. ² TIR = tax increment revenue 2 14  Brownfield Plan #88 603-607 E. Michigan Avenue Rehabilitation Project June 3, 2025 2. Purpose of Brownfield Plan and Past Use of the Property The City of Lansing Brownfield Redevelopment Authority (Authority or “LBRA”), duly established by resolution of the City Council of the City of Lansing, pursuant to the Brownfield Redevelopment Financing Act, Michigan Public Act 381 of 1996, MCLA 125.2651 et. seq., as amended (Act 381), is authorized to exercise its powers within the City of Lansing, Michigan. The purpose of this Plan, to be implemented by the LBRA, is to satisfy the requirements for a Brownfield Plan as specified in Act 381. The Plan will allow the LBRA to use tax increment financing to reimburse Michigan Ave Revitalization, LLC (the “Developer”), or a duly assigned entity, for the costs of eligible activities required to redevelop the eligible property located at 603-607 E. Michigan Avenue in the City of Lansing, Michigan, (the “Property”). Any proposed redevelopment of the Property will only be economically viable with the support and approval of the brownfield redevelopment incentives described herein. The location of the Property is depicted in Figure 1. The Property is fully defined in the following table and in Attachment A. Eligible Property Address Tax ID Basis of Eligibility Functionally Obsolete and 603 E. Michigan Avenue 33-01-01-16-277-181 Housing Property Functionally Obsolete and 605 E. Michigan Avenue 33-01-01-16-277-191 Housing Property Functionally Obsolete and 607 E. Michigan Avenue 33-01-01-16-277-222 Housing Property The Property is located within the boundaries of the City of Lansing and is surrounded by active commercial and residential properties. The property is also located within the boundaries of the City of Lansing’s Tax Increment Financing Authority (TIFA) district. Property layout and boundaries are depicted in Figure 2. The legal descriptions of the Property are included in Attachment A. The Property consists of three contiguous parcels of land totaling approximately 0.30-acres. Three two-story buildings totaling 20,444 square feet currently occupy the property. The remainder of the Property consists of pavement and landscaping. Based on review of historical information, the parcel at 603 E Michigan Avenue has operated under various owners and titles, all relating to commercial businesses since 1924. The building was constructed in 1907, use prior to 1924 is unknown. The Property was vacant until approximately 2020 when the City Rescue Mission became the operator. 3 15  Brownfield Plan #88 603-607 E. Michigan Avenue Rehabilitation Project June 3, 2025 The parcel at 605 E Michigan Avenue was constructed in 1912 and operated as a dry- cleaning service from as early as 1924 until around 1955. The parcel was temporarily cross listed as an exterminating company in 1951. In 1960, the building transitions to operate as a heating and air conditioning business until 1969. The property is listed under various owners and titles from 1969-1984, all relating to commercial retail businesses. The property is vacant beginning in 1989 until it is bought and opened as office space for various tenants in 2005. The Property was vacant until approximately 2020 when the City Rescue Mission became the operator. The parcel at 607 E. Michigan Avenue was occupied by a barber shop as early as 1898; by 1898, a meat shop adjoins the barber shop to the west. The existing commercial building is constructed in 1913 and is utilized for various commercial purposes including, but not limited to, sign shop, upholstery, and shoe repair. City Rescue Mission currently operates from the property. On February 26, 2025, the City of Lansing Assessors Office conducted a site visit of the Property. The inspection included all 3 parcels of the Property. The inspection noted the following regarding the buildings located at 603, 605, and 607 E. Michigan Avenue. 603 E. Michigan Avenue: “Based on all of the repairs or replacements of mechanical systems, roof system and potential structural issues, and basement area a functional obsolescence is present due to the fact that the cost to cure exceeds the potential value of the property.” 605 E. Michigan Avenue: “Based on all of the repairs or replacements of mechanical systems, roof system and an unusable basement area a functional obsolescence is present due to the fact that the cost to cure exceeds the potential value of the property.” 607 E. Michigan Avenue: “Based on all of the repairs and/or replacements of mechanical systems, floor levels, elevator limitation and an unusable basement area a functional obsolescence is present due to the fact that the cost to cure exceeds the potential value of the property.” As a result of the aforementioned, it has been determined that structures located at 603, 605, and 607 E. Michigan Avenue are functionally obsolete and will require significant modification, repairs, and investment to accommodate the proposed use. See Attachment B Letter of Functional Obsolescence. 4 16  Brownfield Plan #88 603-607 E. Michigan Avenue Rehabilitation Project June 3, 2025 2.1 Environmental Environmental assessments (e.g. Phase I and Phase II ESAs) known to have been performed at the Property occurred in 2021 and 2024. No contamination is known to exist at the Property. In addition, Pre-Renovation Hazardous Materials Assessments were conducted in 2022 and 2025. The assessments identified asbestos containing materials within the subject building. These materials include corrugated pipe insulation, 9x9 tan floor tile, black sink undercoating, and fire rated doors, all of which will require abatement prior to commencement of demolition activities. 2.2 Specific Housing Need According to the Tri-County Regional Planning Commission’s 2023 draft Regional Housing Action Plan, the state housing ecosystem is identified as a priority, with a goal for the Tri- County area being to “Increase the efficiency and effectiveness of the housing ecosystem by enhancing collaboration on housing among…local governments…and the wide variety of private sector organizations that make up the housing ecosystem.” The proposed project is an outstanding example of an opportunity for collaboration between local government (the City) and the private sector (the Developer) on a housing project. Another such goal is to “Increase the supply of the full spectrum of housing that is affordable and attainable to Michigan residents.” The proposed project accomplishes this goal by providing an array of attainable housing unit types. The Plan further goes on to address strategies for completing each goal, one such strategy to achieve the later goal is “Advocate at the federal and state levels for increased funding, including gap funding, to support affordable and attainable housing ranging from small- to large-scale housing development.” Although this strategy specifically outlines federal and state levels, it is also important to consider an increase in gap funding at the local and regional levels. The proposed project will utilize tax increment financing to reimburse the developer for qualified rehabilitation costs and develop a mixed- use property with attainable housing units. This plan seeks to utilize MSHDA Housing TIF (Housing TIF). If successful, the use of Housing TIF means that rent prices, for units utilizing Housing TIF, will be kept attainable to persons at or below 120% Area Median Income (AMI) for a period of 15 years or the term of the reimbursement. The total cost related to the qualified rehabilitation is estimated at $2,847,422; of which $274,228 (9.63%) is currently proposed for Qualified Rehabilitation costs. The City of Lansing has requested, per their upcoming policy, that 20% of units created through projects requesting/utilizing Housing TIF, be income restricted and kept attainable to persons at or below 120% AMI. Therefore, of the 15 total units being created, 3 units (20%) will be income restricted and kept attainable to persons at or below 120% AMI for a period of 15 years or the term of the reimbursement. Attainability will be verified through the annual reporting requirements set forth by the LBRA and MSHDA. Local workforce housing price points were determined by MSHDA’s annually published, Income and 5 17  Brownfield Plan #88 603-607 E. Michigan Avenue Rehabilitation Project June 3, 2025 Rent Limits document. Below is a table of unit types, corresponding rent limits at 120% of the area median income, and projected rental rates for units subject to Housing TIF, as proposed. Type 120% AMI1 Project Rent2 Studio $1,941 Base Rent: $1,000-1,088 Utilities: $250 Addit. Parking Fees: $50 Pet Fees: $50 Total: $1,350–1,438 (83-90% AMI) 1 Bedroom $2,079 Base Rent: $1,396-1,478 Utilities: $250 Addit. Parking Fees: $50 Pet Fees: $50 Total: $1,746–1,828 (100-105% AMI) 2 Bedroom $2,493 Base Rent: $2,068 Utilities: $250 Addit. Parking Fees: $50 Pet Fees: $50 Total: $2,418 (116% AMI) 1 Based on MSHDA Income and Rent Limits, dated April 1, 2024. 2 Utilities, parking fees, and pet fees are estimated. Not all tenants will require additional fees. 6 18  Brownfield Plan #88 603-607 E. Michigan Avenue Rehabilitation Project June 3, 2025 2.3 Job Growth Data According to the Bureau of Labor Statistics, both labor force and employment have grown in the last two and a half years. From 2021 through 2022 the labor force in Lansing grew by almost 6,400 people, a 2.7% increase. Employment from 2021 through 2022 also grew by approximately 8,400 jobs, a 3.8% increase. Labor force and employment growth over the ten-year period of 2013-2022 was .09% and 3.8% respectively. The labor force and employment numbers continue to rebound since the Covid-19 pandemic (see table below) and are expected to soon surpass the pre-pandemic numbers; more housing is necessary to accommodate the growing labor force of Lansing, Michigan. Year Labor Force Employment 2018 249,927 241,099 2019 250,454 241,817 2020 243,704 225,133 2021 235,113 222,563 2022 241,500 230,991 2.4 Eligibility The Property is considered an “eligible property” as defined by Act 381, Section 2 because: (a) the Property was previously utilized as a commercial property; (b) it is located within the City of Lansing, a qualified local governmental unit under MCL 125.2782(k); (c) has been determined to be “functionally obsolete” as defined in Section 2(u) of Act 381; and (d) meets the definition of a “Housing property” under Section 2(y)(ii). 3. Brownfield Project Description The Project is a complete rehabilitation of the existing buildings on the Property into new residential and mixed-use buildings. The existing buildings on the Property will be rehabilitated into mixed-use buildings. In its entirety the project will transform the first floor of the buildings along E. Michigan Avenue. The second floor of each building will be rehabilitated into residential units. Currently, one commercial storefront and fifteen residential units are planned Total capital investment is estimated at $8,189,371. This Project is projected to create approximately 2 full-time jobs, at an average pay of $15.00/hour. 7 19  Brownfield Plan #88 603-607 E. Michigan Avenue Rehabilitation Project June 3, 2025 4. Developer Eligible Activities The Developer will fund the improvements being made to the site. Once the development project is complete a portion of the resulting increase in property taxes will be used to reimburse the Developer for their brownfield costs to redevelop/rehabilitate the Property. The activities that are intended to be carried out at the Property are considered “eligible activities” as defined by Section 2 of Act 381 and include EGLE pre-approved activities, asbestos and lead survey and abatement activities, demolition activities, housing development activities identified as qualified rehabilitation costs, application fee, and preparation and implementation of a Brownfield Plan and Act 381 Work Plan. A detailed breakdown of eligible activities is provided in Table 1. The costs of eligible activities included in this Plan can be reimbursed with the new local and state increment tax revenues generated by the Property’s rehabilitation and captured by the LBRA, subject to any limitations and conditions described in this Plan and the terms of a Reimbursement Agreement between the Developer and the Authority (the “Reimbursement Agreement”). The total estimated eligible activity costs estimated for Developer is $1,021,517. EGLE Eligible Activities Cost Developer Pre-Approved Activities $2,600 $2,600 Total Environmental Eligible Activities $2,600 $2,600 MSHDA Eligible Activities Cost Asbestos and Lead Activities $39,245 $39,245 Demolition $422,100 $422,100 Infrastructure Improvements (Public) $47,250 $47,250 Housing Development Activities $274,228 $274,228 Total Non-Environmental Eligible Activities $785,823 $785,823 Contingency (up to 15%) * $79,442 $79,442 Brownfield Plan & Act 381 Work Plan Preparation $25,000 $25,000 Brownfield Plan & Act 381 Work Plan Implementation $7,500 $7,500 Brownfield Plan Application Fee $5,000 $5,000 Interest (up to 5% simple) $119,152 $119,152 Total Eligible Cost for Reimbursement $1,021,517 $1,021,517 * Pre-Approved Activities, Asbestos/Lead Surveys, Brownfield Plan and Act 381 Work Plan preparation are excluded from contingency calculation. 8 20  Brownfield Plan #88 603-607 E. Michigan Avenue Rehabilitation Project June 3, 2025 The costs listed above are estimated and may increase or decrease depending on the nature and extent of unknown conditions encountered on the Property. If the state approves an Act 381 Workplan with less state tax capture than what was in the Plan approved by the City, the not to exceed amount of local capture in the Plan will automatically be adjusted by the LBRA to maintain the current state to local capture ratio. 5. Captured Taxable Value and Tax Increment Revenues The costs of eligible activities included in, and authorized by, this Plan can be reimbursed with incremental local and state tax revenues generated by the Property’s rehabilitation and captured by the LBRA. The LBRA will not be obligated to reimburse the Developer for Eligible Activities completed after December 31, 2028. The taxable value of the Property according to the city is $254,200, which is the initial taxable value for this Plan. The new projected taxable value for 2028 is estimated at $1,350,000. Estimated taxable values were based on estimates determined by the Project’s development team. The actual taxable value will be determined by the City’s Assessor after the Project is completed. This plan seeks to utilize MSHDA Housing TIF (Housing TIF). If successful, the use of Housing TIF means that rent prices, for units utilizing Housing TIF, will be kept attainable to persons at or below 120% Area Median Income (AMI) for a period of 20 years or the term of the reimbursement. The total cost related to the qualified rehabilitation is estimated at $2,847,422; $274,228 (9.63%) is currently proposed for Qualified Rehabilitation costs. The City of Lansing has requested, per their upcoming policy, that 20% of units created through projects requesting/utilizing Housing TIF, be income restricted and kept attainable to persons at or below 120% AMI. Therefore, of the 15 total units being created, 3 units (20%) will be income restricted and kept attainable to persons at or below 120% AMI for a period of 15 years or the term of the reimbursement. It is estimated that the LBRA will capture tax increment revenues from 2028 through 2042 to reimburse the Developer for the cost of eligible activities, pay for the LBRA’s administration of the Plan and make deposits into the LBRA’s Local Brownfield Revolving Fund (LBRF). This Plan will pass through 10% of new local and state taxes per year for the local and state taxing jurisdictions. Additionally, 10% of available local TIR will be captured for the duration of the Plan for deposit into the LBRA’s Local Brownfield Revolving Fund (LBRF) and/or LBRA Administration costs. The captured incremental taxable value and associated tax increment revenue will be determined by the City Assessor. The actual increased taxable value of the land and all future taxable improvements on the Property may vary. Furthermore, the amount of tax increment revenue available under this Plan will be based on the actual millage levied annually by each local taxing jurisdiction on the increase in tax value resulting from the 9 21  Brownfield Plan #88 603-607 E. Michigan Avenue Rehabilitation Project June 3, 2025 redevelopment project that is eligible and approved for capture. The TIFA has the authority to capture tax increment revenues, other than the State Education Tax and local or intermediate school district taxes, generated from the Property. However, it is anticipated that an Interlocal Agreement will be executed between the BRA and TIFA, to allow 100% of the TIFA’s incremental revenue to be passed through the BRA and used for purposes identified in the Brownfield Plan. 6. Method of Brownfield Plan Financing The Developer is ultimately responsible for providing financing for the costs of eligible activities included in this Plan. The inclusion of eligible activities and estimates of cost to be reimbursed in this Plan are intended to authorize the LBRA to fund such reimbursements. Reimbursements under the Reimbursement Agreement shall not exceed the cost of eligible activities and reimbursement limits described in this Plan. Annually, the LBRA will capture 10% of the available new local taxes for LBRA Plan administration and/or deposits into the LBRF. 7. Amount of Note or Bonded Indebtedness Incurred None. 8. Duration of the Brownfield Plan The duration of this Plan shall not exceed 15 years total tax capture after the first year of tax capture anticipated as 2028. 10 22  Brownfield Plan #88 603-607 E. Michigan Avenue Rehabilitation Project June 3, 2025 9. Estimated Impact on Taxing Jurisdictions The table on the following page presents a summary of the new tax revenues generated by the taxing jurisdictions whose millage is subject to capture by the LBRA under this Plan. These are estimations based on the commercial components of the proposed redevelopment. Projected Impact on Taxing Jurisdictions New Taxes for BRA Administration, New Taxes to LBRF Deposits and TIFA and/or Developer Total Taxing Unit Taxing Units* Reimbursement New Taxes State Education Tax (SET) $5,375 $102,132 $107,507 School Operating $31,263 $281,364 $312,626 Airport Authority $1,252 $11,272 $12,525 CADL-Library $2,795 $25,157 $27,952 Lansing School Sinking $5,299 $47,693 $52,992 CATA $5,357 $48,209 $53,565 Lansing Community College $6,754 $60,782 $67,536 Ingham County WIN $8,118 $73,064 $81,182 Ingham Intermediate $8,847 $79,627 $88,475 Ingham County Sum $12,150 $109,346 $121,495 Lansing Operating $34,832 $313,490 $348,322 Lansing School Debt* $73,463 $73,463 Public Safety* $62,712 $62,712 Storm Drain $4,659 $4,659 $262,876 $1,152,134 $1,415,011 Total (18.6%) (81.4%) (100%) * Debt and select millages increased by investment but not captured by the LBRA. Additional information related to the impact of tax increment financing on the various taxing jurisdictions is presented in Table 2. 11 23  Brownfield Plan #88 603-607 E. Michigan Avenue Rehabilitation Project June 3, 2025 10. Legal Description & Site Map The Property location and boundaries are shown on Figures 1 and 2. The legal description of the Property is described below and provided in Attachment A. LEGAL DESCRIPTION OF EACH INDIVIDUAL PARCEL Parcel 33-01-01-16-277-181: LOT 21 ASSESSORS PLAT NO 36 OF BLOCK 243 ORIG PLAT Parcel 33-01-01-16-277-191: LOT 22 ASSESSORS PLAT NO 36 OF BLOCK 243 ORIG PLAT Parcel 33-01-01-16-277-222: LOTS 23, 24, 25 & 26 ASSESSORS PLAT NO 36 OF BLOCK 243 ORIG PLAT 11. Personal Property The subject Property includes all tangible personal property that now or in the future comes to be owned or installed on the Property by the Developer or occupants. 12. Displacement of Persons The Property currently operates as the City Rescue Mission of Lansing; a Christian ministry dedicated to meeting the physical needs of food and shelter for men, women, and children in the capital area. This location offers nightly refuge to over 200 individuals. However, the City Rescue Mission is planning to expand, and construction of their new facility is currently underway. This expansion will move operations to two properties on West Kalamazoo and in doing so potentially double their capacity. Once the City Rescue Mission has moved to its new facility, the buildings they currently occupy would be left vacant if not for this proposed redevelopment. Therefore, no persons will be displaced as a result of this project. 13. Local Brownfield Revolving Fund The LBRA will capture up to ten percent of the available local tax increment revenues for deposit to the LBRF as permitted by Act 381. 14. Other Information The Authority, with the concurrence of the City of Lansing City Council and the City of Lansing Tax Increment Financing Authority, as the governing body, in accordance with the Act, may amend this Brownfield Plan in the future in order to fund additional eligible activities associated with the Project or subject property described herein. 12 24  Brownfield Plan #88 603-607 E. Michigan Avenue Rehabilitation Project May 13, 2025 FIGURES Figure 1: Property Location Map Figure 2: Eligible Property Map 25  USGS The National Map: National Boundaries Dataset, 3DEP Elevation Program, Geographic Names Information System, National Hydrography Dataset, National Land Cover Database, National Structures Dataset, and National Transportation Dataset; USGS Global Ecosystems; U.S. Census Bureau TIGER/Line data; USFS Road data; Natural 0 Earth Data; 500 U.S. 1,000 Department of State Feet HIU; NOAA National Centers for Environmental Information. Data refreshed February, 2025. 1:12000 FIGURE 1 SUBJECT PROPERTY LOCATION 603-607 E. MICHIGAN AVENUE LANSING, MICHIGAN 48910 INGHAM COUNTY T4N, R2W, SECTION 16 PROJECT NUMBER 24-2340-10-2 26  Approximate Eligible Property Boundary N. LARCH STREET 603 E. Michigan Avenue 605 E. Michigan Avenue 607 E. Michigan Avenue 33-01-01-16-277-222 33-01-01-16-277-181 33-01-01-16-277-191 E. MICHIGAN AVENUE FIGURE 2 603-607 E. MICHIGAN AVENUE LANSING, MICHIGAN 48912 ELIGIBLE PROPERTY BOUNDARY MAP CREATED BY: CJZ PROJECT NUMBER 20-2340-10-2 2/28/2025 27  Brownfield Plan #88 603-607 E. Michigan Avenue Rehabilitation Project May 13, 2025 TABLES Table 1: Brownfield Eligible Activities Table 2: Tax Increment Revenue Capture Estimates Table 3: Tax Increment Revenue Reimbursement Allocation Table 28  Table 1 Brownfield Eligible Activities 603‐607 E. Michigan Avenue Lansing, MI REIMBURSEMENT ALLOCATION NO. OF UNIT UNIT ESTIMATED EGLE MSHDA LOCAL‐ONLY ELIGIBLE ACTIVITIES UNITS TYPE RATE TOTAL COST ACTIVITIES ACTIVITIES ACTIVITIES EGLE ELIGIBLE ACTIVITIES Pre‐Approved Activities Phase I Environmental Site Assessments 1 LS $ 2,600 $ 2,600 $ 2,600 EGLE ELIGIBLE ACTIVITIES SUB‐TOTAL $ 2,600 $ 2,600 $ ‐ $ ‐ MSHDA ELIGIBLE ACTIVITIES Asbestos and Lead Activities Asbestos ‐ Survey/Assessment 1 LS $ 6,995 $ 6,995 $ 6,995 Asbestos ‐ Abatement Specifications 1 LS $ 1,850 $ 1,850 $ 1,850 Asbestos ‐ Abatement 1 LS $ 20,000 $ 20,000 $ 20,000 Asbestos ‐ Abatement Air Monitoring 1 LS $ 7,500 $ 7,500 $ 7,500 Asbestos ‐ Abatement Reporting 1 LS $ 1,000 $ 1,000 $ 1,000 Abestos Abatement ‐ Soft Costs 1 LS $ 1,900 $ 1,900 $ 1,900 Subtotal Asbestos and Lead Activities $ 39,245 $ 39,245 $ ‐ Demolition Demolition ‐ Select Interior and Exterior 1 LS $ 402,000 $ 402,000 $ 402,000 Demolition ‐ Soft Costs 1 LS $ 20,100 $ 20,100 $ 20,100 Subtotal Demolition Activities $ 422,100 $ ‐ $ 422,100 $ ‐ Infrastructure Improvements Public Infrastructure Improvements Rain Gardens ‐ Demolition, Replacements/Improvements, Landscaping, New Curb 1 LS $ 45,000 $ 45,000 $ 45,000 Infrastructure Improvements ‐ Soft Costs 1 LS $ 2,250 $ 2,250 $ 2,250 Subtotal Infrastructure Improvement Activities $ 47,250 $ 47,250 $ ‐ Housing Development Activities Qualified Rehabilitation ‐ Contractor 1 UNIT(S) $ 189,828 $ 189,828 $ 189,828 Qualified Rehabilitation ‐ Soft Costs ‐ Developer/General Contractor Fees 1 LS $ 9,400 $ 9,400 $ 9,400 Monitoring and Reporting ‐ Price and Income 15 YR $ 5,000 $ 75,000 $ 75,000 Subtotal MSHDA Housing Development Actvities $ 274,228 $ 274,228 MSHDA ELIGIBLE ACTIVITIES SUB‐TOTAL $ 782,823 $ ‐ $ 782,823 $ ‐ MSHDA AND EGLE ELIGIBLE ACTIVITIES SUB‐TOTAL $ 785,423 $ 2,600 $ 782,823 $ ‐ Contingency (up to 15%) $ 79,442 $ ‐ $ 79,442 Brownfield Plan and Act 381 Work Plan Preparation 1 LS $ 25,000 $ 25,000 $ 25,000 Brownfield Plan and Act 381 Work Plan Implementation 1 LS $ 7,500 $ 7,500 $ 7,500 Brownfield Application Fee 1 LS $ 5,000 $ 5,000 $ 5,000 Interest (up to 5% simple) $ 119,152 $ 119,152 TOTAL ELIGIBLE COST FOR REIMBURSEMENT $ 1,021,517 $ 2,600 $ 1,018,917 $ ‐ State Brownfield Revolving Fund $ 53,753 BRA Administrative/ Local Brownfield Revolving Fund (LBRF) $ 76,864 GRAND TOTAL $ 1,152,134 0.25% 99.75% 0.00% NOTES: These costs and revenue projections should be considered approximate estimates based on expected conditions and available information. It cannot be guaranteed that the costs and revenue projections will not vary from these estimates. Costs for Phase I ESAs, Asbestos Surveys, Brownfield, Act 381 Work Plan are excluded from contingency calculation. 29  Table 2 Tax Increment Revenue Capture Estimates 603‐607 E. Michigan Avenue Lansing, MI Estimated Taxable Value (TV) Increase Rate: 1% per year Calendar Year 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 Plan Year 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Capture Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Base Taxable Value (TV) $ 254,200 $ 254,200 $ 254,200 $ 254,200 $ 254,200 $ 254,200 $ 254,200 $ 254,200 $ 254,200 $ 254,200 $ 254,200 $ 254,200 $ 254,200 $ 254,200 $ 254,200 Estimated New TV $ 1,350,000 $ 1,363,500 $ 1,377,135 $ 1,390,906 $ 1,404,815 $ 1,418,864 $ 1,433,052 $ 1,447,383 $ 1,461,857 $ 1,476,475 $ 1,491,240 $ 1,506,152 $ 1,521,214 $ 1,536,426 $ 1,551,790 Total Incremental Difference (New TV ‐ Base TV) $ 1,095,800 $ 1,109,300 $ 1,122,935 $ 1,136,706 $ 1,150,615 $ 1,164,664 $ 1,178,852 $ 1,193,183 $ 1,207,657 $ 1,222,275 $ 1,237,040 $ 1,251,952 $ 1,267,014 $ 1,282,226 $ 1,297,590 School Capture Millage Rate Total New Taxes Pass‐Through Captured State Education Tax (SET) 6.0000 $ 6,575 $ 6,656 $ 6,738 $ 6,820 $ 6,904 $ 6,988 $ 7,073 $ 7,159 $ 7,246 $ 7,334 $ 7,422 $ 7,512 $ 7,602 $ 7,693 $ 7,786 $ 107,507 $ 5,375 $ 102,132 School Operating 17.4478 $ 19,119 $ 19,355 $ 19,593 $ 19,833 $ 20,076 $ 20,321 $ 20,568 $ 20,818 $ 21,071 $ 21,326 $ 21,584 $ 21,844 $ 22,107 $ 22,372 $ 22,640 $ 312,626 $ 31,263 $ 281,364 School Total: 23.4478 32.97% $ 25,694 $ 26,011 $ 26,330 $ 26,653 $ 26,979 $ 27,309 $ 27,641 $ 27,978 $ 28,317 $ 28,660 $ 29,006 $ 29,356 $ 29,709 $ 30,065 $ 30,426 $ 420,133 $ 36,638 $ 383,495 Local Capture Millage Rate Airport Authority 0.6990 $ 766 $ 775 $ 785 $ 795 $ 804 $ 814 $ 824 $ 834 $ 844 $ 854 $ 865 $ 875 $ 886 $ 896 $ 907 $ 12,525 $ 1,252 $ 11,272 CADL‐Library 1.5600 $ 1,709 $ 1,731 $ 1,752 $ 1,773 $ 1,795 $ 1,817 $ 1,839 $ 1,861 $ 1,884 $ 1,907 $ 1,930 $ 1,953 $ 1,977 $ 2,000 $ 2,024 $ 27,952 $ 2,795 $ 25,157 Lansing School Sinking 2.9575 $ 3,241 $ 3,281 $ 3,321 $ 3,362 $ 3,403 $ 3,444 $ 3,486 $ 3,529 $ 3,572 $ 3,615 $ 3,659 $ 3,703 $ 3,747 $ 3,792 $ 3,838 $ 52,992 $ 5,299 $ 47,693 CATA 2.9895 $ 3,276 $ 3,316 $ 3,357 $ 3,398 $ 3,440 $ 3,482 $ 3,524 $ 3,567 $ 3,610 $ 3,654 $ 3,698 $ 3,743 $ 3,788 $ 3,833 $ 3,879 $ 53,565 $ 5,357 $ 48,209 Lansing Community College 3.7692 $ 4,130 $ 4,181 $ 4,233 $ 4,284 $ 4,337 $ 4,390 $ 4,443 $ 4,497 $ 4,552 $ 4,607 $ 4,663 $ 4,719 $ 4,776 $ 4,833 $ 4,891 $ 67,536 $ 6,754 $ 60,782 Ingham County WIN 4.5308 $ 4,965 $ 5,026 $ 5,088 $ 5,150 $ 5,213 $ 5,277 $ 5,341 $ 5,406 $ 5,472 $ 5,538 $ 5,605 $ 5,672 $ 5,741 $ 5,810 $ 5,879 $ 81,182 $ 8,118 $ 73,064 Ingham Intermediate 4.9378 $ 5,411 $ 5,478 $ 5,545 $ 5,613 $ 5,682 $ 5,751 $ 5,821 $ 5,892 $ 5,963 $ 6,035 $ 6,108 $ 6,182 $ 6,256 $ 6,331 $ 6,407 $ 88,475 $ 8,847 $ 79,627 Ingham County Sum 6.7807 $ 7,430 $ 7,522 $ 7,614 $ 7,708 $ 7,802 $ 7,897 $ 7,993 $ 8,091 $ 8,189 $ 8,288 $ 8,388 $ 8,489 $ 8,591 $ 8,694 $ 8,799 $ 121,495 $ 12,150 $ 109,346 Lansing Operating 19.4400 $ 21,302 $ 21,565 $ 21,830 $ 22,098 $ 22,368 $ 22,641 $ 22,917 $ 23,195 $ 23,477 $ 23,761 $ 24,048 $ 24,338 $ 24,631 $ 24,926 $ 25,225 $ 348,322 $ 34,832 $ 313,490 Local Total: 47.6645 67.03% $ 52,231 $ 52,874 $ 53,524 $ 54,181 $ 54,844 $ 55,513 $ 56,189 $ 56,872 $ 57,562 $ 58,259 $ 58,963 $ 59,674 $ 60,392 $ 61,117 $ 61,849 $ 854,043 $ 85,404 $ 768,639 Total Capturable Taxes: 71.1123 100.00% $ 77,925 $ 78,885 $ 79,854 $ 80,834 $ 81,823 $ 82,822 $ 83,831 $ 84,850 $ 85,879 $ 86,919 $ 87,969 $ 89,029 $ 90,100 $ 91,182 $ 92,275 $ 1,274,177 $ 122,042 $ 1,152,134 Non‐Capturable Millages Millage Rate Lansing School Debt 4.1000 $ 4,493 $ 4,548 $ 4,604 $ 4,660 $ 4,718 $ 4,775 $ 4,833 $ 4,892 $ 4,951 $ 5,011 $ 5,072 $ 5,133 $ 5,195 $ 5,257 $ 5,320 $ 73,463 $ 73,463 $ ‐ Public Safety 3.5000 $ 3,835 $ 3,883 $ 3,930 $ 3,978 $ 4,027 $ 4,076 $ 4,126 $ 4,176 $ 4,227 $ 4,278 $ 4,330 $ 4,382 $ 4,435 $ 4,488 $ 4,542 $ 62,712 $ 62,712 $ ‐ Storm Drain 0.2600 $ 285 $ 288 $ 292 $ 296 $ 299 $ 303 $ 307 $ 310 $ 314 $ 318 $ 322 $ 326 $ 329 $ 333 $ 337 $ 4,659 $ 4,659 $ ‐ Total Non‐Capturable Taxes: 7.8600 $ 8,613 $ 8,719 $ 8,826 $ 8,935 $ 9,044 $ 9,154 $ 9,266 $ 9,378 $ 9,492 $ 9,607 $ 9,723 $ 9,840 $ 9,959 $ 10,078 $ 10,199 $ 140,834 $ 140,834 $ ‐ Notes: $ 1,415,011 $ 262,876 $ 1,152,134 1 of 1 30  Table 3 Tax Increment Revenue Reimbursement Allocation Table 603‐607 E. Michigan Lansing, MI Developer/City School & Local‐Only Projected Proportionality Total Administrative Fees & Loan Funds* Local Taxes Taxes Reimbursement State 32.3% $ 329,742 $ ‐ $ 329,742 State Brownfield Revolving Fund $ 53,753 Estimated Total Years of Plan: 15 Local 67.7% $ 691,775 $ ‐ $ 691,775 BRA Administrative Fees $ 85,404 TOTAL $ 1,021,517 $ ‐ $ 1,021,517 Local Brownfield Revolving Fund $ 76,864 EGLE 0.3% $ 2,600 * During the life of the Plan MSHDA 99.7% $ 1,018,917 Calendar Year 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 TOTALS Plan Year 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Capture Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Available Tax Increment Revenue (TIR) Total State Tax Capture Available $ 25,694 $ 26,011 $ 26,330 $ 26,653 $ 26,979 $ 27,309 $ 27,641 $ 27,978 $ 28,317 $ 28,660 $ 29,006 $ 29,356 $ 29,709 $ 30,065 $ 30,426 Capture for State Brownfield Revolving Fund (3 mills of SET) (25‐Yrs) $ 3,287 $ 3,328 $ 3,369 $ 3,410 $ 3,452 $ 3,494 $ 3,537 $ 3,580 $ 3,623 $ 3,667 $ 3,711 $ 3,756 $ 3,801 $ 3,847 $ 3,893 $ 53,753 Capture of Available State Tax Increment for Taxing Units (10%) ("Pass‐Through") $ 2,241 $ 2,268 $ 2,296 $ 2,324 $ 2,353 $ 2,381 $ 2,410 $ 2,440 $ 2,469 $ 2,499 $ 2,529 $ 2,560 $ 2,591 $ 2,622 $ 2,653 $ 36,638 State TIR Available for Reimbursement to Developer $ 20,166 $ 20,414 $ 20,665 $ 20,919 $ 21,175 $ 21,433 $ 21,694 $ 21,958 $ 22,225 $ 22,494 $ 22,765 $ 23,040 $ 23,317 $ 23,597 $ 23,880 Total Local Tax Capture Available $ 52,231 $ 52,874 $ 53,524 $ 54,181 $ 54,844 $ 55,513 $ 56,189 $ 56,872 $ 57,562 $ 58,259 $ 58,963 $ 59,674 $ 60,392 $ 61,117 $ 61,849 Capture of Available Local Tax Increment for Taxing Units (10%) ("Pass‐Through") $ 5,223 $ 5,287 $ 5,352 $ 5,418 $ 5,484 $ 5,551 $ 5,619 $ 5,687 $ 5,756 $ 5,826 $ 5,896 $ 5,967 $ 6,039 $ 6,112 $ 6,185 $ 85,404 Capture for BRA Administrative Fees and/or LBRF (10% of available Local TIR) $ 4,701 $ 4,759 $ 4,817 $ 4,876 $ 4,936 $ 4,996 $ 5,057 $ 5,119 $ 5,181 $ 5,243 $ 5,307 $ 5,371 $ 5,435 $ 5,500 $ 5,566 $ 76,864 Local TIR Available for Reimbursement to Developer $ 42,307 $ 42,828 $ 43,355 $ 43,886 $ 44,423 $ 44,966 $ 45,513 $ 46,067 $ 46,626 $ 47,190 $ 47,760 $ 48,336 $ 48,917 $ 49,504 $ 50,098 Total State & Local TIR Available for Reimbursement to Developer $ 62,473 $ 63,243 $ 64,020 $ 64,805 $ 65,598 $ 66,399 $ 67,208 $ 68,025 $ 68,850 $ 69,683 $ 70,525 $ 71,375 $ 72,234 $ 73,101 $ 73,977 Beginning DEVELOPER Balance $ 1,021,517 $ 959,044 $ 895,801 $ 831,782 $ 766,976 $ 701,378 $ 634,979 $ 567,772 $ 499,747 $ 430,897 $ 361,213 $ 290,688 $ 219,313 $ 147,079 $ 73,977 $ 0 MSHDA Eligible Activities $ 1,018,917 $ 956,603 $ 893,521 $ 829,664 $ 765,024 $ 699,593 $ 633,363 $ 566,326 $ 498,475 $ 429,800 $ 360,294 $ 289,948 $ 218,754 $ 146,704 $ 73,789 $ 0 State Tax Reimbursement $ 328,903 $ 20,115 $ 20,363 $ 20,613 $ 20,866 $ 21,121 $ 21,379 $ 21,639 $ 21,902 $ 22,168 $ 22,436 $ 22,707 $ 22,981 $ 23,258 $ 23,537 $ 23,819 $ 328,903 Local Tax Reimbursement $ 690,014 $ 42,199 $ 42,719 $ 43,244 $ 43,775 $ 44,310 $ 44,851 $ 45,398 $ 45,949 $ 46,507 $ 47,070 $ 47,638 $ 48,213 $ 48,793 $ 49,378 $ 49,970 $ 690,014 EGLE Eligible Activities $ 2,600 $ 2,441 $ 2,280 $ 2,117 $ 1,952 $ 1,785 $ 1,616 $ 1,445 $ 1,272 $ 1,097 $ 919 $ 740 $ 558 $ 374 $ 188 $ 0 State Tax Reimbursement $ 839 $ 51 $ 52 $ 53 $ 53 $ 54 $ 55 $ 55 $ 56 $ 57 $ 57 $ 58 $ 59 $ 59 $ 60 $ 61 $ 839 Local Tax Reimbursement $ 1,761 $ 108 $ 109 $ 110 $ 112 $ 113 $ 114 $ 116 $ 117 $ 119 $ 120 $ 122 $ 123 $ 125 $ 126 $ 128 $ 1,761 TOTAL ANNUAL DEVELOPER REIMBURSEMENT $ 62,473 $ 63,243 $ 64,020 $ 64,805 $ 65,598 $ 66,399 $ 67,208 $ 68,025 $ 68,850 $ 69,683 $ 70,525 $ 71,375 $ 72,234 $ 73,101 $ 73,977 $ 1,152,134 1 of 1 31  Brownfield Plan #88 603-607 E. Michigan Avenue Rehabilitation Project May 13, 2025 Attachment A Legal Description of the Property 32 10/9/24, 9:34 AM Parcel Number - 33-01-01-16-277-181 | City of Lansing | BS&A Online 603 E MICHIGAN AVE LANSING, MI 48912 (Property Address) Parcel Number: 33-01-01-16-277-181 Customer Name: CITY RESCUE MISSION OF LANSING MI Summary Information > Commercial/Industrial Building Summary > Assessed Value: $149,500 | Taxable Value: $149,500 - Yr Built: 1907 - # of Buildings: 1 > 9 Building Department records found - Total Sq.Ft.: 3,432 > Property Tax information found > 16 Invoices Found, Amount Due: 0.00 Item 1 of 4 2 Images / 2 Sketches Important Message 2024 values are subject to change by the March Board of Review. Owner and Taxpayer Information Owner CITY RESCUE MISSION OF Taxpayer SEE OWNER INFORMATION LANSING MI 2216 S CEDAR ST LANSING, MI 48910 General Information for Tax Year 2024 Property Class 201 COMMERCIAL-IMPROVED Unit 33 CITY OF LANSING - INGHAM School District LANSING PUBLIC SCHOOL DIST Assessed Value $149,500 MAP # AP-0036 -0035 Taxable Value $149,500 User Number Index Not Available State Equalized Value $149,500 User Alpha 1 Not Available Date of Last Name Change 11/13/2020 User Alpha 3 Not Available Notes Not Available Historical District Not Available Census Block Group Not Available User Alpha 2 Not Available Exemption No Data to Display Principal Residence Exemption Information Homestead Date 12/30/1997 Principal Residence Exemption June 1st Final 2024 0.0000 % 0.0000 % Previous Year Information Year MBOR Assessed Final SEV Final Taxable 2023 $159,500 $159,500 $155,646 2022 $150,700 $150,700 $148,235 2021 $143,500 $143,500 $143,500 Land Information Zoning Code G-1 BUS Total Acres 0.051 Land Value $15,600 Land Improvements $0 Renaissance Zone No Renaissance Zone Expiration No Data to Display Date ECF Neighborhood O215-E MICHIGAN AVE- Mortgage Code No Data to Display OFFICES Lot Dimensions/Comments SQ 2200 Neighborhood Enterprise No Zone Lot(s) Frontage Depth No lots found. Total Frontage: 0.00 ft Average Depth: 0.00 ft https://bsaonline.com/SiteSearch/SiteSearchDetails?SearchFocus=All+Records&SearchCategory=Parcel+Number&SearchText=33-01-01-16-277-181… 33 1/2 10/9/24, 9:34 AM Parcel Number - 33-01-01-16-277-181 | City of Lansing | BS&A Online Legal Description LOT 21 ASSESSORS PLAT NO 36 OF BLOCK 243 ORIG PLAT Sale History Sale Date Sale Price Instrument Grantor Grantee Terms of Sale Liber/Page 10/22/2020 $330,000.00 WD 603EMICHIGANAVE L L C CITY RESCUE MISSION 03-ARM'S LENGTH 2020 039289 OF LANSING MI 12/05/2019 $290,000.00 WD PCPC L L C 603EMICHIGANAVE L L C 03-ARM'S LENGTH 2019 041350 12/01/2014 $0.00 PTA PCPC L L C 603 BKD EQUITY L L C 33-TO BE DETERMINED 03/03/2011 $112,500.00 CD QUALTIY PROPERTIES PCPC L L C 03-ARM'S LENGTH L3414-P5 ASSET MGMT CO 03/01/2010 $10,310.00 OTH FOUR LEAF CLOVER INGHAM COUNTY 33-TO BE DETERMINED L3377-P166 PROPERTIES L L C TREASURER 06/18/2009 $266,869.00 SD FOUR LEAF CLOVER BANK OF AMERICA 33-TO BE DETERMINED L3349-P1259 PROP. L L C/SHERIF 09/26/2005 $0.00 QC FEINBERG DAVID FOUR LEAF CLOVER 03-ARM'S LENGTH B3191-P950 PROPERTIES L L C 07/23/2004 $410,000.00 LC FOUR LEAF CLOVER FEINBERG DAVE & 21-NOT USED/OTHER L3126-P242 SUSAN K 02/25/2000 $300,000.00 WD HEPLER HARRY H FOUR LEAF CLOVER 03-ARM'S LENGTH 2843/715 PROPERTIES Building Information - 3432 sq ft Office Buildings (Commercial) Floor Area 3,432 sq ft Estimated TCV Not Available Occupancy Office Buildings Class C Stories Above Ground 2 Average Story Height 11 ft Basement Wall Height Not Available Identical Units Not Available Year Built 1907 Year Remodeled 2004 Percent Complete 100% Heat Zoned A.C. Warm & Cooled Air Physical Percent Good 42% Functional Percent Good 100% Economic Percent Good 100% Effective Age 43 yrs **Disclaimer: BS&A Software provides BS&A Online as a way for municipalities to display information online and is not responsible for the content or accuracy of the data herein. This data is provided for reference only and WITHOUT WARRANTY of any kind, expressed or inferred. Please contact your local municipality if you believe there are errors in the data. Copyright © 2024 BS&A Software, Inc. https://bsaonline.com/SiteSearch/SiteSearchDetails?SearchFocus=All+Records&SearchCategory=Parcel+Number&SearchText=33-01-01-16-277-181… 34 2/2 10/9/24, 9:36 AM Parcel Number - 33-01-01-16-277-191 | City of Lansing | BS&A Online 605 E MICHIGAN AVE LANSING, MI 48912 (Property Address) Parcel Number: 33-01-01-16-277-191 Customer Name: CITY RESCUE MISSION OF LANSING Summary Information > Commercial/Industrial Building Summary > Assessed Value: $104,700 | Taxable Value: $104,700 - Yr Built: 1912 - # of Buildings: 1 > 9 Building Department records found - Total Sq.Ft.: 3,564 > Property Tax information found > 16 Invoices Found, Amount Due: 0.00 Item 1 of 3 1 Image / 2 Sketches Important Message 2024 values are subject to change by the March Board of Review. Owner and Taxpayer Information Owner CITY RESCUE MISSION OF Taxpayer SEE OWNER INFORMATION LANSING 2216 S CEDAR ST LANSING, MI 48910 General Information for Tax Year 2024 Property Class 201 COMMERCIAL-IMPROVED Unit 33 CITY OF LANSING - INGHAM School District LANSING PUBLIC SCHOOL DIST Assessed Value $104,700 MAP # AP-0036 -0036 Taxable Value $104,700 User Number Index Not Available State Equalized Value $104,700 User Alpha 1 Not Available Date of Last Name Change 09/16/2020 User Alpha 3 Not Available Notes Not Available Historical District Not Available Census Block Group Not Available User Alpha 2 Not Available Exemption No Data to Display Principal Residence Exemption Information Homestead Date 12/30/1997 Principal Residence Exemption June 1st Final 2024 0.0000 % 0.0000 % Previous Year Information Year MBOR Assessed Final SEV Final Taxable 2023 $111,400 $111,400 $109,095 2022 $103,900 $103,900 $103,900 2021 $101,000 $101,000 $101,000 Land Information Zoning Code G-1 BUS Total Acres 0.051 Land Value $15,600 Land Improvements $0 Renaissance Zone No Renaissance Zone Expiration No Data to Display Date ECF Neighborhood O215-E MICHIGAN AVE- Mortgage Code No Data to Display OFFICES Lot Dimensions/Comments SQ 2200 Neighborhood Enterprise No Zone Lot(s) Frontage Depth No lots found. Total Frontage: 0.00 ft Average Depth: 0.00 ft https://bsaonline.com/SiteSearch/SiteSearchDetails?SearchFocus=All+Records&SearchCategory=Parcel+Number&SearchText=33-01-01-16-277-191… 35 1/2 10/9/24, 9:36 AM Parcel Number - 33-01-01-16-277-191 | City of Lansing | BS&A Online Legal Description LOT 22 ASSESSORS PLAT NO 36 OF BLOCK 243 ORIG PLAT Sale History Sale Date Sale Price Instrument Grantor Grantee Terms of Sale Liber/Page 09/01/2020 $300,000.00 WD THE FREDRIC S ABOOD CITY RESCUE MISSION 21-NOT USED/OTHER 2020 029682 CREDIT TRUST OF LANSING 12/10/2010 $150,000.00 WD PURCELL INVESTMENT L THE FREDRIC S ABOOD 03-ARM'S LENGTH L3409-P577 LC CREDIT TRUST 03/01/2010 $5,835.00 OTH PPURCELL INVESTMENTS INGHAM COUNTY 33-TO BE DETERMINED L3377-P165 LLC TREASURER 09/22/2003 $365,000.00 LC FOUR LEAF CLOVER PURCELL INVESTMENT L 21-NOT USED/OTHER L3077-P67 PROPERTIES LLC LC 08/29/2002 $230,000.00 WD INFINITY COMPANIES L L FOUR LEAF CLOVER 21-NOT USED/OTHER L2980-P148 C PROPERTIES LLC 11/06/2001 $0.00 QC ELLIOTT MATTHEW K INFINITY COMPANIES L L 21-NOT USED/OTHER L2932/P1040 C 03/13/2000 $175,000.00 WD ZEINEH FAIEK & MARY E MATTHEW KRISTOPHER 33-TO BE DETERMINED L2844P217 ELLIOTT 10/03/1997 $60,000.00 LC WESTON RUSSELL & FAIEK & MARY ELLEN 33-TO BE DETERMINED L2512P984 MARGEY ZEINEH Building Information - 3564 sq ft Stores - Retail (Commercial) Floor Area 3,564 sq ft Estimated TCV Not Available Occupancy Stores - Retail Class C Stories Above Ground 2 Average Story Height 11 ft Basement Wall Height Not Available Identical Units Not Available Year Built 1912 Year Remodeled 2003 Percent Complete 100% Heat Package Heating & Cooling Physical Percent Good 45% Functional Percent Good 100% Economic Percent Good 100% Effective Age 35 yrs **Disclaimer: BS&A Software provides BS&A Online as a way for municipalities to display information online and is not responsible for the content or accuracy of the data herein. This data is provided for reference only and WITHOUT WARRANTY of any kind, expressed or inferred. Please contact your local municipality if you believe there are errors in the data. Copyright © 2024 BS&A Software, Inc. https://bsaonline.com/SiteSearch/SiteSearchDetails?SearchFocus=All+Records&SearchCategory=Parcel+Number&SearchText=33-01-01-16-277-191… 36 2/2 10/9/24, 9:37 AM Parcel Number - 33-01-01-16-277-222 | City of Lansing | BS&A Online 607 E MICHIGAN AVE LANSING, MI 48912 (Property Address) Parcel Number: 33-01-01-16-277-222 Customer Name: CITY RESCUE MISSION OF LANSING Summary Information > Commercial/Industrial Building Summary > Assessed Value: $0 | Taxable Value: $0 - Yr Built: 1913 - # of Buildings: 1 > 12 Building Department records found - Total Sq.Ft.: 13,448 > Property Tax information found Item 1 of 8 6 Images / 2 Sketches Important Message 2024 values are subject to change by the March Board of Review. Owner and Taxpayer Information Owner CITY RESCUE MISSION OF Taxpayer SEE OWNER INFORMATION LANSING 607 E MICHIGAN AVE LANSING, MI 48912-1166 General Information for Tax Year 2024 Property Class 201 COMMERCIAL-IMPROVED Unit 33 CITY OF LANSING - INGHAM School District LANSING PUBLIC SCHOOL DIST Assessed Value $0 MAP # AP-0036 -0038 Taxable Value $0 User Number Index Not Available State Equalized Value $0 User Alpha 1 Not Available Date of Last Name Change 04/02/2009 User Alpha 3 Not Available Notes Not Available Historical District Not Available Census Block Group Not Available User Alpha 2 Not Available Exemption No Data to Display Principal Residence Exemption Information Homestead Date 12/30/1997 Principal Residence Exemption June 1st Final 2024 0.0000 % 0.0000 % Previous Year Information Year MBOR Assessed Final SEV Final Taxable 2023 $0 $0 $0 2022 $0 $0 $0 2021 $0 $0 $0 Land Information Zoning Code H LT IN Total Acres 0.202 Land Value $0 Land Improvements $0 Renaissance Zone No Renaissance Zone Expiration No Data to Display Date ECF Neighborhood R215-E MICHIGAN AVE-RETAIL Mortgage Code No Data to Display Lot Dimensions/Comments No Data to Display Neighborhood Enterprise No Zone Lot(s) Frontage Depth No lots found. Total Frontage: 0.00 ft Average Depth: 0.00 ft Legal Description https://bsaonline.com/SiteSearch/SiteSearchDetails?SearchFocus=All+Records&SearchCategory=Parcel+Number&SearchText=33-01-01-16-277-222… 37 1/2 10/9/24, 9:37 AM Parcel Number - 33-01-01-16-277-222 | City of Lansing | BS&A Online LOTS 23, 24, 25 & 26 ASSESSORS PLAT NO 36 OF BLOCK 243 ORIG PLAT Sale History Sale Date Sale Price Instrument Grantor Grantee Terms of Sale Liber/Page No sales history found. Building Information - 13448 sq ft Fraternal Buildings (Commercial) Floor Area 13,448 sq ft Estimated TCV Not Available Occupancy Fraternal Buildings Class C Stories Above Ground 2 Average Story Height 11 ft Basement Wall Height Not Available Identical Units Not Available Year Built 1913 Year Remodeled 2006 Percent Complete 100% Heat Forced Air Furnace Physical Percent Good 47% Functional Percent Good 100% Economic Percent Good 100% Effective Age 30 yrs **Disclaimer: BS&A Software provides BS&A Online as a way for municipalities to display information online and is not responsible for the content or accuracy of the data herein. This data is provided for reference only and WITHOUT WARRANTY of any kind, expressed or inferred. Please contact your local municipality if you believe there are errors in the data. Copyright © 2024 BS&A Software, Inc. https://bsaonline.com/SiteSearch/SiteSearchDetails?SearchFocus=All+Records&SearchCategory=Parcel+Number&SearchText=33-01-01-16-277-222… 38 2/2  Brownfield Plan #88 603-607 E. Michigan Avenue Rehabilitation Project May 13, 2025 Attachment B Letter of Functional Obsolescence 39 40 41 42 43 44 45  LANSING BROWNFIELD REDEVELOPMENT AUTHORITY Certificate of Resolution by Board of Directors At a meeting of the Board of Directors of the Lansing Brownfield Redevelopment Authority, Lansing, Michigan, held on the 6th day of June 2025, at 8:30 a.m., pursuant to notice duly given: Members Present: Members Absent: The following preamble and resolution was offered by; Member: __________, and seconded by Member: WHEREAS, the Lansing City Assessor’s Office provides tax capture projections on all Brownfield Plans for the Lansing Brownfield Redevelopment Authority’s (LBRA) budget preparation; and WHEREAS, at the end of the fiscal year, Brownfield Plan expenses cannot exceed Brownfield Plan revenues; and WHEREAS, Brownfield Plans: #2 Motor Wheel; #9 Schafer Bakery; #37 Cedar Street School; #39 Accident Fund; #49 Marshall Street Armory; #52 Marketplace; #55A Ball Park North; #56 Emergent; #58 High Grade; #60 Rise Properties; #61 Feldkouts; #62 Oliver Towers; #63 2000 Block; #65 South Street; #66 Fluid Chillers; #68 515 Ionia; #71 Neogen; #72 Red Cedar; #73 3600 Dunkel; #74 Midwest Self Storage; #75 Cap City Mkt; #76 Boji Farnum; #77 500 Block; #78 Temple; #79 MI Realtors; #81 NEOGEN Expansion; #83 Moneyball, and; State BRF, RLF A Tax Revenue, and LBRA Admin, had higher tax capture revenues with corresponding expenses than projected as outlined in the attached Fiscal Year 2024/2025 budget amendment. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE LANSING BROWNFIELD REDEVELOPMENT AUTHORITY AS FOLLOWS: The Lansing Brownfield Redevelopment Authority Board of Directors approves amending the Fiscal Year 2024/2025 LBRA budget to reflect the increased revenues and corresponding expenses on Brownfield Plans stated above and as outlined in the attached budget amendment. YEAS: _____ (__) NAYS: ______ (__) ABSTENTIONS: ______ (__) ABSENT: ______ (__) RESOLUTION DECLARED ADOPTED 46 STATE OF MICHIGAN ) )SS. COUNTY OF INGHAM ) I hereby certify that the foregoing is a true and complete copy of a resolution adopted at a scheduled meeting of the Lansing Brownfield Redevelopment Authority held on the 6th day of June 2025, and said resolution is on file in the office of the Economic Development Corporation of the City of Lansing and is available to the public. Public notice of the said meeting was given pursuant to and in compliance with Act No. 267, Public Acts of Michigan 1976, including in the case of a special or re-scheduled meeting, notice by publication or posting of at least eighteen (18) hours prior to the time set for the meeting. In addition, said meeting was held in full compliance with the Board’s By-Laws. IN WITNESS WHEREOF, I have hereunto affixed my official signature. __________________________________________ Shelley Davis Boyd, Chair 47  LANSING BROWNFIELD REDEVELOPMENT AUTHORITY (LBRA) FY2024/2025 AMENDED BUDGET FY2025/2026 PROPOSED BUDGET FY2023/2024 FY2024/2025 FY2024/2025 FY2024/2025 FY2025/2026 Description Amended Adopted Projected Amended Proposed Budget Budget Budget Budget Budget Revenues RLF A TAX REVENUE $ 535,892 529,275 673,671 673,671 687,144 PLAN 2 MOTOR WHEEL $ 249,965 38,120 240,712 240,712 44,129 PLAN 9 SCHAFER BAKERY $ 323 330 368 368 375 PLAN 20 LORANN OILS $ 33,367 - - - - LBRA ADMIN $ 321,839 338,083 397,272 397,272 405,218 PLAN 30 BROWNFIELD DEV SPEC $ 15,862 - - - - PLAN 37 CEDAR ST SCHOOL $ 24,429 22,058 26,048 26,048 26,569 PLAN 42 NU UNION $ 14,451 15,079 14,134 15,079 15,381 PLAN 8b JNL $ 116,074 117,888 111,503 117,888 - PLAN 49 MARSHALL ST ARMORY $ 9,890 9,972 10,571 10,571 10,783 3 MILLS SET STATE BRF $ 330,094 361,364 340,448 361,364 368,591 PLAN 52 MARKETPLACE PARTNER $ 375,959 383,479 400,780 400,780 408,796 PLAN 55A BALL PARK NORTH $ 247,179 252,782 259,212 259,212 264,396 PLAN 56 EMERGENT BIOSOLUTION $ 502,720 516,215 543,768 543,768 554,643 PLAN 58 HIGH GRADE MATERIAL $ 13,911 14,406 15,387 15,387 15,695 PLAN 59 4000 N. GRAND RIVER $ 714 787 662 787 803 PLAN 60 RISE PROPERTIES $ 1,459,176 1,457,939 1,524,603 1,524,603 1,555,095 PLAN 61 FELDKOUTS $ 32,204 - 35,675 35,675 - PLAN 62 OLIVER TOWERS $ 71,560 155,652 157,975 157,975 161,134 PLAN 63 2000 BLOCK $ 49,384 50,781 54,153 54,153 55,236 PLAN 65 SOUTH STREET $ 35,891 36,609 39,012 39,012 39,792 PLAN 66 FLUID CHILLERS $ 33,904 34,582 36,169 36,169 36,892 PLAN 71 NEOGEN $ 3,448 3,756 4,319 4,319 4,406 PLAN 74 MIDWEST SELF STORAGE $ 67,879 69,236 73,792 73,792 75,267 PLAN 54 Y SITE $ 337,043 342,388 332,146 342,388 349,236 PLAN 67 2200 BLOCK E MICH $ 77,332 87,848 81,970 87,848 89,605 PLAN 75 CAP CITY MKT $ 521,299 532,462 542,220 542,220 553,065 PLAN 76 BOJI FARNUM $ 272,723 278,177 280,619 280,619 286,231 PLAN 73 3600 DUNCKEL $ 490,495 488,850 505,359 505,359 515,466 PLAN 68 515 IONIA $ 6,816 7,357 10,721 10,721 10,935 PLAN 72 RED CEDAR DEV $ 2,084,665 2,741,553 3,961,323 3,961,323 4,040,549 PLAN 79 MI REALTORS $ 51,944 52,518 55,285 55,285 56,391 PLAN 77 500 BLOCK $ 363,233 382,892 491,778 491,778 501,613 PLAN 78 TEMPLE $ 56,138 69,532 71,003 71,003 72,423 PLAN 39 ACCIDENT FUND $ 1,106,107 1,764,391 1,817,912 1,817,912 1,854,271 PLAN 81 NEOGEN EXPANSION $ 4,927 4,949 185,424 185,424 189,133 PLAN 83 MONEYBALL $ 3,641 1,629 6,186 6,186 6,310 PLAN 84 505-507 SHIAWASSEE $ - - - - 1,378 RCD BOND ISSUER FEE $ 182,481 46,838 49,538 49,538 47,061 INTEREST INCOME $ 300,000 300,000 300,000 300,000 300,000 Total Revenue $ 10,404,958 $ 11,509,775 $ 13,651,717 $ 13,696,207 $ 13,604,011 48  LANSING BROWNFIELD REDEVELOPMENT AUTHORITY (LBRA) FY2024/2025 AMENDED BUDGET (Cont.) FY2025/2026 PROPOSED BUDGET (Cont.) FY2023/2024 FY2024/2025 FY2024/2025 FY2024/2025 FY2025/2026 Description Amended Adopted Projected Amended Proposed Budget Budget Budget Budget Budget Expenditures ADMINISTRATION EXPENSES TO EDC $ 321,839 338,083 397,272 397,272 405,218 REVOLVING FUND A $ 835,892 829,275 973,671 973,671 987,144 PLAN 2 MOTOR WHEEL $ 249,965 38,120 240,712 240,712 44,129 PLAN 9 SCHAFER BAKERY $ 323 330 368 368 375 PLAN 20 LORANN OILS $ 33,367 - - - - PLAN 30 BROWNFIELD DEV SPECIALISTS $ 15,862 - - - - PLAN 37 CEDAR ST SCHOOL $ 24,429 22,058 26,048 26,048 26,569 PLAN 42 NU UNION $ 14,451 15,079 14,134 15,079 15,381 PLAN 8b JNL $ 116,074 117,888 111,503 117,888 - PLAN 56 EMERGENT BIOSOLUTION $ 502,720 516,215 543,768 543,768 554,643 PLAN 52 MARKETPLACE PARTNER $ 375,959 383,479 400,780 400,780 408,796 PLAN 55A BALL PARK NORTH $ 247,179 252,782 259,212 259,212 264,396 PLAN 58 HIGH GRADE MATERIAL $ 13,911 14,406 15,387 15,387 15,695 PLAN 59 4000 N. GRAND RIVER $ 714 787 662 787 803 PLAN 60 RISE PROPERTIES $ 1,459,176 1,457,939 1,524,603 1,524,603 1,555,095 PLAN 61 FELDKOUTS $ 32,204 - 35,675 35,675 - PLAN 62 OLIVER TOWERS $ 71,560 155,652 157,975 157,975 161,134 PLAN 63 2000 BLOCK $ 49,384 50,781 54,153 54,153 55,236 PLAN 65 SOUTH STREET $ 35,891 36,609 39,012 39,012 39,792 3 MILLS OF SET STATE BRF $ 330,094 361,364 340,448 361,364 368,591 PLAN 66 FLUID CHILLERS $ 33,904 34,582 36,169 36,169 36,892 PLAN 71 NEOGEN $ 3,448 3,756 4,319 4,319 4,406 PLAN 74 MIDWEST SELF STORAGE $ 67,879 69,236 73,792 73,792 75,267 PLAN 49 MARSHALL ST ARMORY $ 9,890 9,972 10,571 10,571 10,783 PLAN 54 Y SITE $ 337,043 342,388 332,146 342,388 349,236 PLAN 67 2200 BLOCK E MICH $ 77,332 87,848 81,970 87,848 89,605 PLAN 73 3600 DUNCKEL $ 490,495 488,850 505,359 505,359 515,466 PLAN 76 BOJI FARNUM $ 272,723 278,177 280,619 280,619 286,231 PLAN 72 RED CEDAR DEV $ 2,084,665 2,741,553 3,961,323 3,961,323 4,040,549 PLAN 68 515 IONIA $ 6,816 7,357 10,721 10,721 10,935 PLAN 75 CAP CITY MKT $ 521,299 532,462 542,220 542,220 553,065 PLAN 79 MI REALTORS $ 51,944 52,518 55,285 55,285 56,391 PLAN 77 500 BLOCK $ 363,233 382,892 491,778 491,778 501,613 PLAN 78 TEMPLE $ 56,138 69,532 71,003 71,003 72,423 PLAN 39 ACCIDENT FUND $ 1,106,107 1,764,391 1,817,912 1,817,912 1,854,271 PLAN 81 NEOGEN EXPANSION $ 4,927 4,949 185,424 185,424 189,133 PLAN 83 MONEYBALL $ 3,641 1,629 6,186 6,186 6,310 PLAN 84 505-507 SHIAWASSEE $ - - - - 1,378 RCD BOND ISSUER FEE TO EDC $ 182,481 46,838 49,538 49,538 47,061 Total Expenditures $ 10,404,958 11,509,775 13,651,717 13,696,207 13,604,011 49