Title
Resolution to Approve Deli Partners, L.L.C. - Zingerman’s Delicatessen Redevelopment Project Brownfield Plan, Detroit and E. Kingsley Streets, Ann Arbor, MI (BRC Recommendation: Approval - 3 Yeas and 0 Nays)
Memorandum
Attached is a resolution to approve the Deli Partners, L.L.C. - Zingerman’s Delicatessen Redevelopment Project Brownfield Plan. Approval of this resolution will allow the Brownfield Plan to advance to the Washtenaw County Brownfield Redevelopment Authority (WCBRA) to authorize Tax Increment Financing (TIF) to reimburse the Developer for the eligible activities identified within the Plan.
The Brownfield Redevelopment Committee, at its meeting of June 28, 2010 recommended approval of this request.
Petition Summary:
· The overall investment for this project is approximately $6.7 million. The Brownfield Plan’s eligible activities total $817,265, plus interest at 5%. Some of the eligible activities include site preparation ($534,800), demolition ($100,000), infrastructure improvements ($41,300) and lead and asbestos abatement ($25,000).
· The property qualifies for brownfield financial incentives because a portion of the property meets the definition of functionally obsolete as determined by the City Assessor pursuant to the Brownfield Redevelopment Act.
· The owners also intend to apply for a Michigan business tax credit.
· The related Zingerman’s Deli Expansion Site Plan is also being considered by City Council on July 19, 2010.
Attachments: June 28, 2010 Memorandum from Matthew Naud
Affidavit of the City Assessor
May 21, 2010 Citizen Participation Report
Staff
Prepared by: Jill Thacher, City Planner
Reviewed by: Wendy L. Rampson, Planning Manager
Sumedh Bahl, Community Services Administrator
Body
Whereas, Deli Partners, L.L.C. has requested approval of the Zingerman’s Delicatessen Redevelopment Project Brownfield Plan in order to pursue tax increment financin...
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