Title
Resolution to Approve the 601 Forest Project Brownfield Plan
Memorandum
Attached for your approval is the Brownfield Plan for the 601 Forest Project to be located at the corner of South University and Forest (site map included in attached Brownfield Plan document). City Council approval of the 601 Forest Project Brownfield Plan will allow the approval process to continue through the Washtenaw County Brownfield Redevelopment Authority (WCBRA) and Washtenaw County Board of Commissioners (BOC). Should the Project Plan be approved by the City and the County, the developer will then seek state approval of the Brownfield Plan from the Michigan Economic Development Corporation (MEDC) and the Michigan Economic Growth Authority (MEGA).
If approved by City Council on October 20, 2008, the anticipated timetable for review and action by the other government agencies is as follows.
WCBRA Subcommittee Meeting - 10/16
City Council - 10/20
WCBRA Approval - 11/13
County BOC Hearing - 11/19
County BOC Final Plan Approval - 12/3
MEGA Meeting - 12/16
Background
In January 2002, the Ann Arbor City Council voted to join the Washtenaw County Brownfield Redevelopment Authority (R-35-1-02) and adopted a City of Ann Arbor Brownfield Implementation Plan that defines the process and public engagement for projects seeking tax increment financing (TIF) and other economic support for eligible brownfield sites.
The City's Brownfield Implementation Plan goal was to build a partnership between the citizens of Ann Arbor, the County and applicant/developers to ensure cleanup of contaminated sites; that tax increment financing is used to encourage development that provides significant environmental benefits to the City that would not likely occur without TIF; that TIF is used for projects where there is a net increase in taxable value; and all opportunities to reduce City costs are exhausted to maximize the City's investment.
The parcel(s) assembled for construction of the 601 Fores...
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