Title
Resolution to Approve the 1140 Broadway Brownfield Plan
Memorandum
Attached is a resolution to approve the 1140 Broadway 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.
1140 Broadway is a proposed development located on 6.4 acres at the northeast corner of Maiden Lane and Broadway Street. The existing site is largely vacant, with only a few remaining paved areas and below ground infrastructure present. The proposed development will include two apartment buildings, with one wrapping around a five story parking structure, and the second connected by an above grade pedestrian tunnel. An additional building will be constructed with near-grade parking below 71 condominium units for ownership. In addition to the residential uses, over 4,000 square feet of commercial space is being proposed, with some opportunity for expansion based on market factors at the time of permitting the last building.
The site is a facility as defined in the Michigan Natural Resources and Environmental Protection Act based on the presence of volatile organic compounds, principally tetrachlorethene, and metals at concentrations greater than the generic use criteria specified by the Michigan Department of Environmental Quality (MDEQ). It is presumed that this contamination has been caused by previous commercial activity at the site, including operation by a dry-cleaner.
Through an evaluation process that included input from the Chief Financial Officer, City Treasurer, Community Services Administrator, Environmental Coordinator, and County Brownfield staff, the petitioner has submitted a proposed Brownfield Plan that includes a total reimbursement of up to $10,898,443. This Brownfield Plan includes revisions from the earlier version considere...
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