Title
Resolution to Approve 618 South Main Redevelopment Project Brownfield Plan, 618 S. Main Street, Ann Arbor, MI (BRC Recommendation: Approval - 3 Yeas and 0 Nays)
Memorandum
Attached is a resolution to approve the 618 South Main Redevelopment Project Brownfield Plan. Approval of this resolution will allow the brownfield plan to advance to the Washtenaw County Brownfield Redevelopment Authority (WCBRA), which may authorize Tax Increment Financing (TIF) to reimburse the developer for the eligible activities identified within the Plan.
The proposed planned project site plan for 618 South Main includes a seven-story, 153,133-square foot residential building consisting of 190 apartments, 121 understructure parking spaces, 89 bicycle parking spaces, and pedestrian amenities along South Main, Ashley and Mosley Street. The petitioner has requested a planned project modification to allow greater building height (85 feet compared to the D2 Downtown Interface maximum of 60 feet) in exchange for creating a greater building setback along the South Ashley property frontage.
The 618 South Main property, which is located in the Downtown Development Authority district, was identified as potentially eligible for brownfield financial incentives after a finding that the property contained contaminants in the soil exceeding state cleanup criteria. The petitioner is requesting City Council approval of a Brownfield Plan, in addition to a $650,000 grant that will be reimbursed to the developer by the Downtown Development Authority (DDA) over a period of four years. The DDA grant is the primary local match supporting the Brownfield Plan. The DDA authorized this grant to cover the following project elements:
· Streetscape costs for the sidewalk adjacent to the project on Mosley and Main Streets
· Streetscape costs for the Main Street sidewalk north of the project to Ashley Mews (west side)
· Rain garden to infiltrate storm water, rather than release it into the City storm syst...
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