city of detroit brownfield redevelopment authority ...€¦ · attachment b provides the individual...

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EXHIBIT A CITY OF DETROIT BROWNFIELD REDEVELOPMENT AUTHORITY BROWNFIELD PLAN FOR THE FORMER CADILLAC STAMPING PLANT REDEVELOPMENT PROJECT AT 9501 CONNER STREET September 9, 2020 Prepared by: Northpoint Development 4825 NW 41st Street, Suite 500 Riverside, MO 64150 Contact Person: Tim Conder Phone: (313) 319.4641 [email protected] Warner Norcross + Judd LLP 1500 Warner Building 150 Ottawa Avenue NW Grand Rapids, Michigan 49503 Contact Person: Jared T. Belka Phone: (616) 752-2447 [email protected]

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Page 1: CITY OF DETROIT BROWNFIELD REDEVELOPMENT AUTHORITY ...€¦ · Attachment B provides the individual legal descriptions for the Property. Address Parcel ID Owner 9501 Conner Street

EXHIBIT A

CITY OF DETROIT BROWNFIELD REDEVELOPMENT AUTHORITY

BROWNFIELD PLAN FOR THE FORMER CADILLAC STAMPING PLANT

REDEVELOPMENT PROJECT AT 9501 CONNER STREET

September 9, 2020 Prepared by: Northpoint Development 4825 NW 41st Street, Suite 500 Riverside, MO 64150 Contact Person: Tim Conder Phone: (313) 319.4641 [email protected] Warner Norcross + Judd LLP 1500 Warner Building 150 Ottawa Avenue NW Grand Rapids, Michigan 49503 Contact Person: Jared T. Belka Phone: (616) 752-2447 [email protected]

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CITY OF DETROIT BROWNFIELD REDEVELOPMENT AUTHORITY

AMENDED AND RESTATED BROWNFIELD PLAN

TABLE OF CONTENTS

I. INTRODUCTION I-1

II. GENERAL PROVISIONS

A. Description of Eligible Property II-2

B. Basis of Eligibility II-2

C. Summary of Eligible Activities II-2

D. Estimate of Captured Taxable Value and Tax II-4 Increment Revenues; Impact of Tax Increment Financing on Taxing Jurisdictions

E. Plan of Financing; Maximum Amount II-5 Of Indebtedness

F. Duration of Plan II-5

G. Effective Date of Inclusion II-6

H. Displacement/Relocation of Individuals II-6

On Eligible Property

I. Local Brownfield Revolving Fund (LBRF) II-6

J. Brownfield Redevelopment Fund II-6

K. Owners Obligations, Representations and Warrants II-7

III. ATTACHMENTS

A. Site Map A-1-2 B. Legal Descriptions B-1

C. Project Description C-1

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D. Supportive Letters D-1

E. Estimated Cost of Eligible Activities E-1 F. TIF Tables F-1-3

G. Environmental Documents G-1

H. Incentives Chart H-1

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I. INTRODUCTION In order to promote the revitalization of environmentally distressed and blighted areas within the boundaries of the City of Detroit, Michigan (the “City”), the City has established the City of Detroit Brownfield Redevelopment Authority (the “DBRA”) pursuant to Michigan Public Act 381 of 1996, as amended (“Act 381”). The primary purpose of this Brownfield Plan (“Plan”) is to address, among other things, the scope of the project, the eligible activities, and eligible investments. This Plan will promote the redevelopment of and private investment in certain “brownfield” properties within the City. Inclusion of property within this Plan will facilitate financing of environmental response and other eligible activities at eligible properties, and will also provide tax incentives to eligible taxpayers willing to invest in revitalization of eligible sites, commonly referred to as “brownfields.” By facilitating redevelopment of brownfield properties, this Plan is intended to promote economic growth for the benefit of the residents of the City and all taxing units located within and benefited by the DBRA. This Plan is intended to apply to the eligible property identified in this Plan and, if tax increment revenues are proposed to be captured from that eligible property, to identify and authorize the eligible activities to be funded by such tax increment revenues. This Plan is intended to be a living document, which may be modified or amended in accordance with the requirements of Act 381, as necessary to achieve the purposes of Act 381. A subsequent change to the identification or designation of a developer after approval of this Plan by the governing body shall not necessitate an amendment to this Plan, affect the application of this Plan to the eligible property or impair the rights available to the DBRA under this Plan. The applicable sections of Act 381 are noted throughout the Plan for reference purposes. This Plan describes the project to be completed (see Attachment C) and contains all of the information required by Section 13(2) of Act 381.

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II. GENERAL PROVISIONS A. Description of the Eligible Property (Section 13 (2)(h)) and the Project The parcels comprising the eligible property and the subject of this Plan are located at 9501 Conner Street and 10600, 10640, 10644 (partial), and 10648 (partial) Gratiot Avenue, Detroit, Wayne County and consist of three full parcels and part of two other parcels containing approximately 44.768 acres of land located between Conner Street, Gratiot Avenue, Devine Street and Corbett Avenue (collectively, the “Property”). Parcel splits will be completed in the fall of 2020. The 9501 Conner Street, 10600 and 10640 Gratiot Avenue parcels are each considered a “facility” as defined by Act 381, Section 2 and Part 201 of the Natural Resources and Environmental Protection Act, 451 P.A. 1994, as amended (“Act 451”) and the remaining parcels are adjacent and contiguous to the “facility” parcels and redevelopment of the parcels is expected to increase the parcels’ taxable value. The 9501 Conner Street parcel is the site of the former Cadillac Stamping Plant that was closed in 1986 and later used by a machine shop (Ivan Doverspike). The factory became abandoned in 2015 after it was acquired and a former owner began salvaging metals from the building. The parcels and all new tangible personal property located thereon will comprise the eligible property and is collectively referred to herein as the “Property.” Attachment A includes a site map of the Property. The Property is located in the City of Detroit, bounded by Conner Street to the northeast, Gratiot Avenue to the northwest, and Devine Avenue to the south. Attachment B provides the individual legal descriptions for the Property.

Address Parcel ID Owner 9501 Conner Street 19002594.001 (facility) City of Detroit P&DD 10600 Gratiot Avenue 19001584 (facility) City of Detroit P&DD 10640 Gratiot Avenue 19001583.002L (facility) 10640 Gratiot Ave

Associates LLC 10644 Gratiot Avenue (partial)

19001582.003L (adjacent) – new parcel ID TBD Detroit Parks & Recreation

10648 Gratiot Avenue (partial)

19001582.002 (adjacent) – new parcel ID TBD City of Detroit P&DD

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Northpoint Development, LLC (“Developer”) is the project developer. Developer intends to prepare the site for the construction of an approximately 682,000 square foot industrial multi-tenant facility (the “Project”). The project description provided herein is a summary of the proposed development at the time of the adoption of this Plan. The actual development may vary from the project description provided herein, without necessitating an amendment to this Plan, so long as such variations are not material and/or arise as a result of changes in market and/or financing conditions affecting the Project and/or are related to the addition or immaterial removal of amenities to the Project. All material changes, as determined by DBRA in its sole discretion, to the project description are subject to the approval of the DBRA staff and shall be consistent with the overall nature of the proposed development, its proposed public purpose, and the purposes of Act 381. Attachment C provides a detailed description of the Project to be completed at the Property and Attachment D includes letters of support for the Project. B. Basis of Eligibility (Section 13 (2)(h) and Section 2 (p)) The 9501 Conner Street, 10600 and 10640 Gratiot Avenue parcels were determined to be “eligible property” as defined by Act 381, Section 2, because it: (a) was previously utilized for an industrial, commercial or residential purpose; (b) is located within the City of Detroit, a qualified local governmental unit; and (c) was determined to be a “facility” as defined by Act 381. The remaining parcels are adjacent or contiguous to the eligible parcels and their development is estimated to increase the captured taxable value of the property. The 9501 Conner Street parcel is a “facility” as defined by Act 381, Section 2 and Part 201 of Act 451 due to the presence of arsenic, chromium, cadmium, lead, copper, mercury, selenium, zinc, naphthalene, phenanthrene, benzo(a)pyrene, acenaphthene, fluoranthene, fluorine, benzo(a)anthracene, benzo(b)fluoranthene, benezene, 1,2,3-TMB, and 1,2,4-TMB in the soils above the Michigan Department of Environment Great Lakes and Energy (“EGLE”) Part 201 Generic Cleanup Criteria (GCC). The 10600 and 10640 Gratiot Avenue parcels are also considered “facilities” due to the presence of contaminants at levels exceeding acceptable screening levels. Attachment G includes confirmation of identified contamination. C. Summary of Eligible Activities and Description of Costs (Section 13 (2)(a),(b)) The eligible activities that the Developer intends to conduct at the Property pursuant to this Plan are considered “eligible activities,” as defined by Section 2 of Act 381, because they include department specific activities, demolition, lead and asbestos abatement, site preparation, infrastructure improvements, and the development, preparation and implementation of a brownfield plan and/or work plan. A summary of the eligible activities and the estimated cost of each eligible activity intended to be reimbursed with tax increment revenues generated and captured from the Property are shown in the table attached hereto as Attachment E. The eligible activities described in Attachment E are not

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exhaustive. Subject to the approval of DBRA staff in writing, additional eligible activities may be carried out at the Property, without requiring an amendment to this Plan, so long as such eligible activities are permitted by Act 381 and the performance of such eligible activities does not exceed the total costs stated in Attachment E. It is currently anticipated that construction of the Project will begin between the fourth quarter of 2020 and the first quarter of 2021 and that all eligible activities will be completed within the following 12 – 18 months. Unless otherwise agreed to in writing by the DBRA, all eligible activities will be completed within three (3) years after execution of the Reimbursement Agreement (as that term is defined below). Any long-term monitoring or operation and maintenance activities or obligations that may be required will be performed in compliance with the terms of this Plan and any documents prepared pursuant to this Plan. The Developer desires to be reimbursed for the costs of eligible activities. Tax increment revenue generated by the Property will be captured by the DBRA and used to reimburse the cost of the eligible activities completed on the Property pursuant to the terms of a Reimbursement Agreement to be executed by the DBRA and Developer after approval of this Plan (the “Reimbursement Agreement”), to the extent permitted by Act 381. In the event this Plan contemplates the capture of tax increment revenue derived from “taxes levied for school operating purposes” (as defined by Section 2(uu) of Act 381 and hereinafter referred to as “School Taxes”), the Developer acknowledges and agrees that DBRA’s obligation to reimburse the Developer for the cost of eligible activities with tax increment revenue derived from Local Taxes, or Specific Taxes that are considered Local Taxes, (as these capitalized terms are defined by Act 381) is contingent upon: (i) the Developer receiving at least the initial applicable work plan approvals by the Michigan Strategic Fund (“MSF”) and EGLE, as may be required pursuant to Act 381, or (ii) the Developer providing the DBRA with evidence, satisfactory to DBRA, that the Developer has the financial means to complete the Project without the capture of, and subsequent reimbursement with, the contemplated School Taxes. The costs listed in Attachment E are estimated costs and may increase or decrease depending on the nature and extent of any environmental contamination and other unknown conditions encountered on the Property. The actual cost of those eligible activities encompassed by this Plan that will qualify for reimbursement from tax increment revenues of the DBRA from the Property shall be governed by the terms of the Reimbursement Agreement. No costs of eligible activities will be qualified for reimbursement except to the extent permitted in accordance with the terms and conditions of the Reimbursement Agreement and Act 381. The Reimbursement Agreement and this Plan will dictate the total cost of eligible activities subject to payment, provided that the total cost of eligible activities subject to payment or reimbursement under the Reimbursement Agreement shall not exceed the estimated costs set forth in Attachment E. As long as the total costs are not exceeded, line item costs of eligible activities may be adjusted after the date this Plan is approved by the governing body, to the extent the adjustments do not violate the terms of the approved EGLE or MSF work plans.

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D. Estimate of Captured Taxable Value and Tax Increment Revenues (Section 13(2)(c)); Beginning Date of Capture of Tax Increment Revenues (Section (13)(2)(f); Impact of Tax Increment Financing on Taxing Jurisdictions (Section 13(2)(g)) This Plan anticipates the capture of tax increment revenues to reimburse the Developer for the costs of eligible activities under this Plan in accordance with the Reimbursement Agreement. Subject to Section 13(b)(16) of Act 381, a table of estimated tax increment revenues to be captured is attached to this Plan as Attachment F. The figures included in Attachment F are estimates and are subject to change depending on actual assessed values and changes to annual millage rates. The Project is also seeking support for a 12-yr PA 198 industrial facilities property tax abatement which, if approved, will reduce the amount of tax increment revenues available pursuant to this Plan. The PA 198 abatement is included in the tax capture assumptions provided with this Plan in Attachment F. Tax increments are projected to be captured and applied to the (i) reimbursement of eligible activity costs and payment of DBRA administrative and operating expenses, (ii) make deposits into the State Brownfield Redevelopment Fund (SBRF), and (iii) to make deposits into the DBRA’s Local Brownfield Revolving Fund (LBRF), if available (defined below), as follows:

Taxing Jurisdictions

Reimbursement Costs

DBRA Admin Costs

SBRF Capture

LBRF Capture

School Operating Tax $5,893,513 $0 $0 $0 State Education Tax $1,431,789 $0 $1,018,245 $0 City General Op $4,948,437 $1,584,194 $0 $0 Wayne County Op $1,400,875 $448,477 $0 $0 HCMA $52,505 $16,809 $0 $0 Wayne County Safety $232,665 $74,485 $0 $0 Library $1,148,493 $367,679 $0 $0 Wayne County Parks $60,987 $19,525 $0 $0 WCCC $803,774 $257,320 $0 $0 Wayne County $245,463 $78,582 $0 $0 Wayne County ISD $1,355,240 $433,867 $0 $0 TOTAL $17,573,740 $3,280,938 $1,018,245 $0

The following taxes are projected to be generated but shall not to be captured during the life of the Plan:

City Debt

$2,946,756

School Debt $4,256,426 DIA $65,483 Zoo $32,742

TOTAL $7,301,407 This Plan includes total eligible activities of $18,425,523, however, current projections anticipate that only $17,573,740 will be reimbursed. The Developer intends to submit

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reimbursement requests for the maximum amount of eligible costs approved for eligible activities under this Plan. In no event shall the duration of this Plan exceed thirty-five (35) years following the date of the governing body’s resolution approving the Plan, nor shall the duration of the tax capture exceed the lesser of the period authorized under subsection (5) of Section 13 of Act 381 or 30 years. Further, in no event shall the beginning date of the capture of tax increment revenues be later than five (5) years after the date of the governing body’s resolution approving the Original Plan or otherwise authorized by Act 381. The first year of capture will be 2022. E. Plan of Financing (Section 13(2)(d)); Maximum Amount of Indebtedness (Section 13(2)(e)) The eligible activities are to be financed solely by the Developer. The DBRA will reimburse the Developer for the cost of approved eligible activities, but only from tax increment revenues generated from the Property. No advances have been or shall be made by the City or the DBRA for the costs of eligible activities under this Plan. All reimbursements authorized under this Plan shall be governed by the Reimbursement Agreement. The inclusion of eligible activities and estimates of costs to be reimbursed in this Plan are intended to authorize the DBRA to fund such reimbursements and does not obligate the DBRA or the City to fund any reimbursement or to enter into the Reimbursement Agreement providing for the reimbursement of any costs for which tax increment revenues may be captured under this Plan, or which are permitted to be reimbursed under this Plan. The amount and source of any tax increment revenues that will be used for purposes authorized by this Plan, and the terms and conditions for such use and upon any reimbursement of the expenses permitted by this Plan, will be provided solely under the Reimbursement Agreement contemplated by this Plan. Unless otherwise agreed upon by the Developer, the DBRA, and the State of Michigan, the DBRA shall not incur any note or bonded indebtedness to finance the purposes of this Plan. Reimbursements under the Reimbursement Agreement shall not exceed the cost of Eligible Activities permitted under this Plan. F. Duration of Plan (Section 13(2)(f)) Subject to Section 13b(16) of Act 381, the beginning date and duration of capture of tax increment revenues from the Property shall occur in accordance with the TIF Table included as Attachment F. In no event, however, shall this Plan extend beyond the maximum term allowed by Section 13(b)(16) of Act 381 for the duration of this Plan. The first year of capture will be 2022. Furthermore, this Plan, or any subsequent amendment thereto, may be abolished or terminated in accordance with Section 14(8) of Act 381 in the event of any of the following:

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a. The governing body may abolish this Plan (or any subsequent amendment thereto)

when it finds that the purposes for which this Plan was established have been accomplished.

b. The governing body may terminate this Plan (or any subsequent amendment thereto) if the project for which eligible activities were identified in this Plan (or any subsequent amendment thereto) fails to occur with respect to the eligible property for at least two (2) years following the date of the governing body’s resolution approving this Plan (or any subsequent amendment thereto), provided that the governing body first does both of the following: (i) gives 30 days’ written notice to the Developer at its last known address by certified mail or other method that documents proof of delivery attempted; and (ii) provides the Developer with an opportunity to be heard at a public meeting.

Notwithstanding anything in this subsection to the contrary, this Plan (or any subsequent amendment thereto) shall not be abolished or terminated until all obligations to which the tax increment revenues are pledged have been paid or funds sufficient to make the payment have been identified or segregated. G. Effective Date of Inclusion in Brownfield Plan The Property will become a part of this Plan on the date this Plan is approved by the governing body. H. Displacement/Relocation of Individuals on Eligible Property (Section 13(2)(i-l)) There are no persons or businesses residing on the Property and no occupied residences or businesses will be acquired or cleared, therefore there will be no displacement or relocation of persons or businesses under this Plan. I. Local Brownfield Revolving Fund (“LBRF”) (Section 8) The DBRA has established a Local Brownfield Revolving Fund (“LBRF”). The LBRF will consist of all tax increment revenues authorized to be captured and deposited in the LBRF, as specified in Section 13(5) of Act 381, under this Plan and any other plan of the DBRA. It may also include funds appropriated or otherwise made available from public or private sources. The amount of tax increment revenue authorized for capture and deposit in the LBRF is estimated at $0. All funds, if any, deposited into the LBRF shall be used in accordance with Section 8 of Act 381. J. Brownfield Redevelopment Fund (Section 8a) The DBRA shall pay to the Department of Treasury at least once annually an amount equal to 50% of the taxes levied under the state education tax, 1993 PA 331, MCL 211.901 to 211.906, that are captured under this Plan for up to the first twenty-five (25) years of the duration of capture of tax increment revenues for each eligible property included in this Plan. If the DBRA pays an amount equal to 50% of the taxes levied under the state

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education tax, 1993 PA 331, MCL 211.901 to 211.906, on a parcel of eligible property to the Department of Treasury under Section 13b(14) of Act 381, the percentage of local taxes levied on that parcel and used to reimburse eligible activities for the Project under this Plan shall not exceed the percentage of local taxes levied on that parcel that would have been used to reimburse eligible activities for the Project under this Plan if the 50% of the taxes levied under the state education tax, 1993 PA 331, MCL 211.901 to 211.906, on that parcel were not paid to the Department of Treasury under Section 13b(14) of Act 381. K. Developer’s Obligations, Representations and Warrants The Developer and its affiliates shall comply with all applicable laws, ordinances, executive orders, or other regulations imposed by the City or any other properly constituted governmental authority with respect to the Property and shall use the Property in accordance with this Plan. The Developer, at its sole cost and expense, shall be solely responsible for and shall fully comply with all applicable federal, state, and local relocation requirements in implementing this Plan. The Developer represents and warrants that a Phase I Environmental Site Assessment (“ESA”), and if appropriate, a Phase II ESA, baseline environmental assessment, and due care plan, pursuant to Part 201 of Michigan’s Natural Resources and Environmental Protection Act (MCL 324.20101 et seq.), have been performed on the Property (“Environmental Documents”). Attached hereto as Attachment G is the City of Detroit’s Department of Buildings, Safety Engineering and Environmental acknowledgement of its receipt of the Environmental Documents. The Developer further represents and warrants that the Project does not and will not include a City of Detroit Land Bank Authority, Wayne County Land Bank Authority or State of Michigan Land Bank financing component. Except as otherwise agreed to by the DBRA, any breach of a representation or warranty contained in this Plan shall render the Plan invalid, subject to the Developer’s reasonable opportunity to cure as described in the Reimbursement Agreement. 20233960-7

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III. ATTACHMENTS

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ATTACHMENT A

Site Map

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General Property Boundary

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Eligibility Map

Facility

Adjacent

Facility

Facility

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ATTACHMENT B

Legal Descriptions of Eligible Property to which the Plan Applies

Address: 9501 Conner Street

Detroit, Michigan 48213 Parcel ID: 19002594.001 Legal Description: N DEVINE ALL THAT PART OF FRACTIONAL SECTION 23, TOWN 1 SOUTH, RANGE 12 EAST, INCLUDING PART OF BESSENGER & MOORES GRATIOT AVENUE SUB NO 2 & PARTS OF PRIVATE CLAIMS 10 & 12, DESCRIBED AS FOLLOWS: BEGINNING AT A POINT IN EAST LINE OF DTRR RIGHT OF WAY BEING ALSO IN NORTH LINE OF DEVINE AVENUE; THENCE NORTH 34 DEG. 18’ 12” WEST 868.47 FEET ALONG SAID EAST LINE, THENCE NORTH 89 DEG. 32’ 20” EAST 1312.87 FEET; THENCE SOUTH 0 DEG. 30’ 54” EAST 603.78 FEET; THENCE SOUTH 2 DEG. 28’ 16” WEST 16.02 FEET; THENCE NORTH 89 DEG, 26’ EAST 180.23 FEET; THENCE SOUTH 0 DEG. 34’ EAST 100 FEET; THENCE SOUTH 89 DEG, 26’ WEST 1009.37 FEET TO THE POINT OF BEGINNING. Address: 10600 Gratiot Avenue

Detroit, Michigan 48213 Parcel ID: 19001584 Legal Description: S GRATIOT ALL THAT PT OF P C 389 & FRL SEC 23 T 1 S R 12 E DESC AS FOLS BEG AT INT SEC OF S LY LINE OF GRATIOT 124 FT WD & E LY LINE D T R TH N 25D 43M E 211.04 FT ALG SD S LY LINE TH S 44D 41M 20S E 274 FT TH S 75D 43M 20S E 100 FT TH S 44D 41M 20S E 466.96 FT TH S 87D 52M W 434.95 FT TH N 36D 03M W 466.56 FT ALG E LY R/W LINE TO P O B 19/--- 173,199 SQ FT Address: 10640 Gratiot Avenue

Detroit, Michigan 48213 Parcel ID: 19001583.002L Legal Description: S GRATIOT PT OF FRL SEC 23 T 1 S R 12 E & PT OF P CS 389 & 11 ALL DESC AS BEG AT A PTE ON SLY LINE GRATIOT AVE 124 FT WD DIST N 25D 43M E 211.04 FT FROM INTSEC ELY LINE D T RR 66 FT WD TH CONT ALG SD SLY LINE N 25D 43M E 303.28 FT TH S 64D 17M E 220 FT TH N 25D 43M E 201.59 FT TH S 44D 40M E 418.67 FT TO LINE COMMON TO FRL SEC 23 & P C 11 TH ALG SD LINE THE FOLLOWING 3 COURSES (1) S 66D 26M E

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132.68 FT & (2) S 79D 51M E 240.28 FT & (3) N 80D 23M E 71.82 FT TH S 35D 31M E 609.96 FT TH S 87D 52M W 878.02 FT (877.76 REC) TH N 44D 41M 20S W 466.23 FT (466.96 REC) TH N 75D 43M 20S W 100 FT TH N 44D 41M 20S W 274 FT TO P O B 686,031 SQ FT Address: 10644 Gratiot Avenue (partial – Parcel A in Attachment A)

Detroit, Michigan 48213 Parcel ID: 19001582.003L (parent ID) Legal Description: BEING PART OF PRIVATE CLAIMS 389, 11, AND PART OF FRACTIONAL SECTION 23, TOWN 01 SOUTH, RANGE 12 EAST, CITY OF DETROIT, WAYNE COUNTY, MICHIGAN, BEING MORE PARTICULARLY DESCRIBED AS: COMMENCING AT THE INTERSECTION OF THE SOUTH LINE OF PRIVATE CLAIM 11 AND THE WEST RIGHT OF WAY LINE OF CONNER AVENUE (VARIABLE WIDTH), SAID POINT BEING NORTH 63 DEGREES 54 MINUTES 40 SECONDS EAST, 395.62 FEET FROM THE SOUTHWEST CORNER OF SAID PRIVATE CLAIM 389, COMMON TO THE NORTHWEST CORNER OF SAID PRIVATE CLAIM 11; THENCE NORTH ALONG SAID WEST RIGHT OF WAY LINE OF CONNER AVENUE NORTH 44 DEGREES 32 MINUTES 13 SECONDS WEST, 164.34 FEET; THENCE SOUTH 45 DEGREES 10 MINUTES 54 SECONDS WEST, 136.85 FEET TO THE POINT OF BEGINNING; THENCE SOUTH 43 DEGREES 55 MINUTES 31 SECONDS EAST, 574.87 FEET; THENCE SOUTH 22 DEGREES 54 MINUTES 45 SECONDS EAST, 200.99 FEET; THENCE SOUTH 79 DEGREES 30 MINUTES 30 SECONDS WEST, 71.82 FEET; THENCE NORTH 80 DEGREES 43 MINUTES 30 SECONDS WEST, 240.28 FEET; THENCE NORTH 67 DEGREES 18 MINUTES 30 SECONDS WEST, 132.68 FEET; THENCE NORTH 45 DEGREES 23 MINUTES 43 SECONDS WEST, 227.43 FEET; THENCE NORTH 46 DEGREES 03 MINUTES 06 SECONDS EAST, 243.44 FEET; THENCE NORTH 44 DEGREES 46 MINUTES 38 SECONDS WEST, 179.85 FEET; THENCE NORTH 45 DEGREES 10 MINUTES 54 SECONDS EAST, 93.68 FEET TO THE POINT OF BEGINNING AND CONTAINING 3.797 ACRES. Address: 10648 Gratiot Avenue (partial – Parcel 2 in Attachment A)

Detroit, Michigan 48213 Parcel ID: 19001582.002 (parent ID) Legal Description: SITUATED IN THE CITY OF DETROIT, WAYNE COUNTY, MICHIGAN; BEING PART OF PRIVATE CLAIMS 11, 389 AND FRACTIONAL SECTION 23, T1S, R12D; BEING A PORTION OF THE TRACT OF LAND AS DESCRIBED IN QUIT CLAIM DEED RECORDED IN LIBER 13046, PAGE 231 WAYNE COUNTY DEED RECORDS; AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

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COMMENCING AT A ½ INCH IRON ROD, IDENTIFIED WITH PS#26454, FOUND AT THE INTERSECTION OF THE SOUTHWESTERLY LINE OF CONNER AVENUE (86 FT. WIDE) AND THE SOUTHEASTERLY LINE OF GRATIOT AVENUE (124 FT. WIDE), BOTH PUBLIC ROADS; THENCE S 43 DEGREES 29 MINUTES 45 SECONDS E, 292.91 FEET (RECORD S 43 DEGREES 27 MINUTES E, 292.92 FEET) ALONG THE SOUTHWESTERLY LINE OF CONNER AVENUE TO A SET MAG NAIL AT THE POINT OF BEGINNING; THENCE DEPARTING THE SOUTHWESTERLY LINE OF CONNER AVENUE, S 25 DEGREES 39 MINUTES 15 SECONDS W, 222.22 FEET, TO A FOUND ½” IRON ROD IDENTIFIED WITH PS# 44297; THENCE S 36 DEGREES 56 MINUTES 00 SECONDS W, 272.22 FEET TO A SET ½” IRON, IDENTIFIED WITH PS#30099; THENCE S 44 DEGREES 33 MINUTES 58 SECONDS E, 184.07 FEET (RECORD S 44 DEGREES 33 MINUTES 58 SECONDS E) TO A ½” IRON ROD, IDENTIFIED WITH PS#44297; THENCE N 47 DEGREES 05 MINUTES 34 SECONDS E, 243.44 FEET (RECORD N 47 DEGREES 12 MINUTES 03 SECONDS E, 244.75 FEET) TO A SET MAG NAIL; THENCE N 43 DEGREES 44 MINUTES 10 SECONDS W, 179.85 FEET (RECORD N 43 DEGREES 37 MINUTES 15 SECONDS W, 180.82 FEET) TO A SET MAG NAIL; THENCE N 46 DEGREES 13 MINUTES 22 SECONDS E, 230.53 FEET (RECORD N 46 DEGREES 20 MINUTES 17 SECONDS E, 231.76 FEET), TO A SET MAG NAIL IN THE SOUTHWESTERLY LINE OF CONNER AVENUE, THENCE N 43 DEGREES 29 MINUTES 45 SECONDS W, 130.00 FEET TO THE POINT OF BEGINNING.

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ATTACHMENT C

Project Description

Project Name: Former Cadillac Stamping Plant Redevelopment Project Location: 9501 Conner Street, 10600, 10640, 10644, and 10648

Gratiot Avenue, Detroit, Wayne County, MI Type of Eligible Property: Facility and adjacent and contiguous Total Project Investment: Approximately $47.9 million Eligible Activities: Baseline environmental assessment activities, department

specific activities, demolition, lead and asbestos abatement, site preparation, infrastructure improvements, and development and preparation of brownfield plan and work plan.

Reimbursable Costs: $18,425,523 – Developer will seek reimbursement for the

maximum amount of eligible costs approved for eligible activities under this Plan. While there are $18,425,523 in eligible activities, current projections estimate approximately $17,573,740 will be reimbursed.

Years to Complete Payback: 30 years Base TV/New TV Estimate: Base $228,340 / New $13,640,000 Project Overview: Northpoint Development is proposing a development of the

Property located in the City of Detroit at 9501 Conner Street and 10600, 10640, 10644 (partial), and 10648 (partial) Gratiot Avenue in Wayne County. The development will include demolition and abatement and preparation of the site for the construction of an approximately 682,000 sf multi-tenant industrial facility and associated site improvements. The Project will also seek approval of a PA 198 abatement.

The Property was historically occupied by Clayton & Lambert in the early 1900’s as a stamping operation. In 1925, the facility was sold to the Hudson Motor Company and Albert Kahn designed an expansion of the facility. In 1954, Hudson Motor Company merged with Nash-Kelvinator and production was moved to Wisconsin and the facility was sold to GM for Cadillac stamping production. GM closed the facility in 1986 and Ivan Doverspike acquired the building in 1993 for tool remanufacturing. Operations ceased in early 2000’s and the facility has been vacant since.

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The site is currently not in use and owned by the City of Detroit – P&DD and the others listed above and will be acquired by Northpoint Development prior to undertaking eligible activities on the Property. The site consists of approximately 44.768 acres over three (3) full parcels and two other partial parcels. The project includes substantial demolition and abatement in order to prepare the site for vertical construction.

The Project is expected to generate approximately $47.9 million in investment with approximately 100 temporary construction jobs and 450 new jobs. The Project will significantly improve the site with the presence of a new industrial site that will remove blight, improve infrastructure, increase property taxes, and create new permanent and temporary jobs associated with the redevelopment activities.

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ATTACHMENT D

Support Letters

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ATTACHMENT E

Estimated Cost of Eligible Activities Table

ESTIMATED COST OF ELIGIBLE ACTIVITIES

Description of Eligible Activities Estimated Cost EGLE Eligible Activities 1. Baseline Environmental Assessment Activities $225,000 2. Department Specific Activities – soil excavation,

transportation and disposal, vapor mitigation system, storm water management, and oversight/project management

$8,500,000

Subtotal EGLE Eligible Activities $8,725,000 3. Contingency (15%) $1,308,750 4. Brownfield/Work Plan Preparation and

Development

$15,000 Total EGLE Eligible Activities $10,048,750

MSF Eligible Activities 5. Demolition and Lead and Asbestos Abatement* $5,271,107 6. Site Preparation – dewatering, temporary fencing,

temporary security, temporary traffic control, temporary facility, clearing and grubbing, mass grading and land balancing, staking, erosion control, geotechnical testing, utility relocation

$1,000,000

7. Infrastructure Improvements – Sidewalks, curb/gutter, landscaping and street/road improvements in the public ROW

$1,000,000

Subtotal MSF Eligible Activities $7,271,107 8. Contingency (15%) $1,090,666 9. Brownfield/Work Plan Preparation and

Development

$15,000 Total MSF Eligible Activities $8,376,773

Total Estimated Cost to Developer to be Funded

Through TIF

$18,425,523 10. State Brownfield Revolving Fund $1,018,245 11. DBRA Administrative Fees $3,280,938 12. Local Brownfield Revolving Fund $0 Total Potential Capture $22,724,706

*Total Demo and Abatement Costs are $7,050,000. Purchase Agreement provides for Credit of purchase price of $1,778,893 for demo and remediation costs so figure above reflects the total less the credit amount.

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ATTACHMENT F

TIF Tables

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Tax Increment Revenue Capture Estimates for Former Cadillac Stamping Plant Detroit, Michigan

September 9, 2020

Estimated Taxable Value (TV) Increase Rate: 1.00% PA 198 Abatement PeriodPlan Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

Calendar Year 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038

Base Taxable Value 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$

Estimated New TV 228,340$ 228,340$ 13,640,000$ 13,653,640$ 13,667,294$ 13,680,961$ 13,694,642$ 13,708,337$ 13,722,045$ 13,735,767$ 13,749,503$ 13,763,252$ 13,777,015$ 13,790,792$ 13,804,583$ 13,818,388$ 13,832,206$ 13,846,038$ 13,859,884$

Incremental Difference (New TV - Base TV) -$ -$ 13,411,660$ 13,425,300$ 13,438,954$ 13,452,621$ 13,466,302$ 13,479,997$ 13,493,705$ 13,507,427$ 13,521,163$ 13,534,912$ 13,548,675$ 13,562,452$ 13,576,243$ 13,590,048$ 13,603,866$ 13,617,698$ 13,631,544$

School Capture Millage RateState Education Tax (SET) 6.0000 -$ -$ 80,470$ 80,552$ 80,634$ 80,716$ 80,798$ 80,880$ 80,962$ 81,045$ 81,127$ 81,209$ 81,292$ 81,375$ 81,457$ 81,540$ 81,623$ 81,706$ 81,789$ School Operating Tax 18.0000 -$ -$ 120,705$ 120,828$ 120,951$ 121,074$ 121,197$ 121,320$ 121,443$ 121,567$ 121,690$ 121,814$ 121,938$ 122,062$ 244,372$ 244,621$ 244,870$ 245,119$ 245,368$

School Total 24.0000 -$ -$ 201,175$ 201,380$ 201,584$ 201,789$ 201,995$ 202,200$ 202,406$ 202,611$ 202,817$ 203,024$ 203,230$ 203,437$ 325,830$ 326,161$ 326,493$ 326,825$ 327,157$

Local Capture Millage RateCity General Op 19.9520 -$ -$ 133,795$ 133,931$ 134,067$ 134,203$ 134,340$ 134,476$ 134,613$ 134,750$ 134,887$ 135,024$ 135,162$ 135,299$ 270,873$ 271,149$ 271,424$ 271,700$ 271,977$ Wayne County Op 5.6483 -$ -$ 37,877$ 37,915$ 37,954$ 37,992$ 38,031$ 38,070$ 38,108$ 38,147$ 38,186$ 38,225$ 38,263$ 38,302$ 76,683$ 76,761$ 76,839$ 76,917$ 76,995$ Huron Clinton MA 0.2117 -$ -$ 1,420$ 1,421$ 1,423$ 1,424$ 1,425$ 1,427$ 1,428$ 1,430$ 1,431$ 1,433$ 1,434$ 1,436$ 2,874$ 2,877$ 2,880$ 2,883$ 2,886$ Wayne County Safety 0.9381 -$ -$ 6,291$ 6,297$ 6,304$ 6,310$ 6,316$ 6,323$ 6,329$ 6,336$ 6,342$ 6,349$ 6,355$ 6,361$ 12,736$ 12,749$ 12,762$ 12,775$ 12,788$ Library 4.6307 -$ -$ 31,053$ 31,084$ 31,116$ 31,148$ 31,179$ 31,211$ 31,243$ 31,274$ 31,306$ 31,338$ 31,370$ 31,402$ 62,868$ 62,931$ 62,995$ 63,059$ 63,124$ Wayne County Parks 0.2459 -$ -$ 1,649$ 1,651$ 1,652$ 1,654$ 1,656$ 1,657$ 1,659$ 1,661$ 1,662$ 1,664$ 1,666$ 1,668$ 3,338$ 3,342$ 3,345$ 3,349$ 3,352$ Wayne County Community College 3.2408 -$ -$ 21,732$ 21,754$ 21,776$ 21,799$ 21,821$ 21,843$ 21,865$ 21,887$ 21,910$ 21,932$ 21,954$ 21,977$ 43,998$ 44,043$ 44,087$ 44,132$ 44,177$ Wayne County 0.9897 -$ -$ 6,637$ 6,644$ 6,650$ 6,657$ 6,664$ 6,671$ 6,677$ 6,684$ 6,691$ 6,698$ 6,705$ 6,711$ 13,436$ 13,450$ 13,464$ 13,477$ 13,491$ County ISD Spec Ed 3.3678 -$ -$ 22,584$ 22,607$ 22,630$ 22,653$ 22,676$ 22,699$ 22,722$ 22,745$ 22,768$ 22,791$ 22,815$ 22,838$ 45,722$ 45,769$ 45,815$ 45,862$ 45,908$ County ISD Enhancement 2.0000 -$ -$ 13,412$ 13,425$ 13,439$ 13,453$ 13,466$ 13,480$ 13,494$ 13,507$ 13,521$ 13,535$ 13,549$ 13,562$ 27,152$ 27,180$ 27,208$ 27,235$ 27,263$ County ISD Oper 0.0965 -$ -$ 647$ 648$ 648$ 649$ 650$ 650$ 651$ 652$ 652$ 653$ 654$ 654$ 1,310$ 1,311$ 1,313$ 1,314$ 1,315$

Local Total 41.3215 -$ -$ 277,095$ 277,377$ 277,659$ 277,941$ 278,224$ 278,507$ 278,790$ 279,074$ 279,357$ 279,641$ 279,926$ 280,210$ 560,991$ 561,561$ 562,132$ 562,704$ 563,276$

Non-Capturable Millages Millage Rate

Zoo Authority 0.1000 -$ -$ 671$ 671$ 672$ 673$ 673$ 674$ 675$ 675$ 676$ 677$ 677$ 678$ 1,358$ 1,359$ 1,360$ 1,362$ 1,363$

Art Institute 0.2000 -$ -$ 1,341$ 1,343$ 1,344$ 1,345$ 1,347$ 1,348$ 1,349$ 1,351$ 1,352$ 1,353$ 1,355$ 1,356$ 2,715$ 2,718$ 2,721$ 2,724$ 2,726$

School Debt 13.0000 -$ -$ 87,176$ 87,264$ 87,353$ 87,442$ 87,531$ 87,620$ 87,709$ 87,798$ 87,888$ 87,977$ 88,066$ 88,156$ 176,491$ 176,671$ 176,850$ 177,030$ 177,210$

City Debt 9.0000 -$ -$ 60,352$ 60,414$ 60,475$ 60,537$ 60,598$ 60,660$ 60,722$ 60,783$ 60,845$ 60,907$ 60,969$ 61,031$ 122,186$ 122,310$ 122,435$ 122,559$ 122,684$

Total Non-Capturable Taxes 22.3000 -$ -$ 149,540$ 149,692$ 149,844$ 149,997$ 150,149$ 150,302$ 150,455$ 150,608$ 150,761$ 150,914$ 151,068$ 151,221$ 302,750$ 303,058$ 303,366$ 303,675$ 303,983$

Total Tax Increment Revenue (TIR) Available for Capture -$ -$ 478,270$ 478,756$ 479,243$ 479,731$ 480,218$ 480,707$ 481,196$ 481,685$ 482,175$ 482,665$ 483,156$ 483,647$ 886,821$ 887,722$ 888,625$ 889,528$ 890,433$

Footnotes:Assumes new taxable value based on proposed build out, plus 1% annual inflation increases thereafterAssumes millage rate remains the sameAssumes 12yr PA 198 Abatement w/out 6 mill SET

April 2017

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Tax Increment Revenue Capture Estimates for Former Cadillac Stamping Plant Detroit, Michigan

September 9, 2020

Estimated Taxable Value (TV) Increase Rate:

Plan YearCalendar Year

Base Taxable Value

Estimated New TV

Incremental Difference (New TV - Base TV)

School Capture Millage RateState Education Tax (SET) 6.0000

School Operating Tax 18.0000

School Total 24.0000

Local Capture Millage RateCity General Op 19.9520

Wayne County Op 5.6483

Huron Clinton MA 0.2117

Wayne County Safety 0.9381

Library 4.6307

Wayne County Parks 0.2459

Wayne County Community College 3.2408

Wayne County 0.9897

County ISD Spec Ed 3.3678

County ISD Enhancement 2.0000

County ISD Oper 0.0965

Local Total 41.3215

Non-Capturable Millages Millage Rate

Zoo Authority 0.1000

Art Institute 0.2000

School Debt 13.0000

City Debt 9.0000

Total Non-Capturable Taxes 22.3000

Total Tax Increment Revenue (TIR) Available for Capture

Footnotes:Assumes new taxable value based on proposed build out, plus 1% annual inflation increases thereafterAssumes millage rate remains the sameAssumes 12yr PA 198 Abatement w/out 6 mill SET

20 21 22 23 24 25 26 27 28 29 30 31 32 TOTAL

2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 2051

228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$ 228,340$

13,873,744$ 13,887,618$ 13,901,506$ 13,915,407$ 13,929,323$ 13,943,252$ 13,957,195$ 13,971,152$ 13,985,124$ 13,999,109$ 14,013,108$ 14,027,121$ 14,041,148$ 14,041,148$

13,645,404$ 13,659,278$ 13,673,166$ 13,687,067$ 13,700,983$ 13,714,912$ 13,728,855$ 13,742,812$ 13,756,784$ 13,770,769$ 13,784,768$ 13,798,781$ 13,812,808$ 13,812,808$

81,872$ 81,956$ 82,039$ 82,122$ 82,206$ 82,289$ 82,373$ 82,457$ 82,541$ 82,625$ 82,709$ 82,793$ 82,877$ 2,450,034$

245,617$ 245,867$ 246,117$ 246,367$ 246,618$ 246,868$ 247,119$ 247,371$ 247,622$ 247,874$ 248,126$ 248,378$ 248,631$ 5,893,513$

327,490$ 327,823$ 328,156$ 328,490$ 328,824$ 329,158$ 329,493$ 329,827$ 330,163$ 330,498$ 330,834$ 331,171$ 331,507$ 8,343,546$

272,253$ 272,530$ 272,807$ 273,084$ 273,362$ 273,640$ 273,918$ 274,197$ 274,475$ 274,754$ 275,034$ 275,313$ 275,593$ 6,532,631$

77,073$ 77,152$ 77,230$ 77,309$ 77,387$ 77,466$ 77,545$ 77,624$ 77,702$ 77,781$ 77,861$ 77,940$ 78,019$ 1,849,352$

2,889$ 2,892$ 2,895$ 2,898$ 2,900$ 2,903$ 2,906$ 2,909$ 2,912$ 2,915$ 2,918$ 2,921$ 2,924$ 69,314$

12,801$ 12,814$ 12,827$ 12,840$ 12,853$ 12,866$ 12,879$ 12,892$ 12,905$ 12,918$ 12,931$ 12,945$ 12,958$ 307,150$

63,188$ 63,252$ 63,316$ 63,381$ 63,445$ 63,510$ 63,574$ 63,639$ 63,704$ 63,768$ 63,833$ 63,898$ 63,963$ 1,516,172$

3,355$ 3,359$ 3,362$ 3,366$ 3,369$ 3,372$ 3,376$ 3,379$ 3,383$ 3,386$ 3,390$ 3,393$ 3,397$ 80,512$

44,222$ 44,267$ 44,312$ 44,357$ 44,402$ 44,447$ 44,492$ 44,538$ 44,583$ 44,628$ 44,674$ 44,719$ 44,765$ 1,061,094$

13,505$ 13,519$ 13,532$ 13,546$ 13,560$ 13,574$ 13,587$ 13,601$ 13,615$ 13,629$ 13,643$ 13,657$ 13,671$ 324,045$

45,955$ 46,002$ 46,048$ 46,095$ 46,142$ 46,189$ 46,236$ 46,283$ 46,330$ 46,377$ 46,424$ 46,472$ 46,519$ 1,102,676$

27,291$ 27,319$ 27,346$ 27,374$ 27,402$ 27,430$ 27,458$ 27,486$ 27,514$ 27,542$ 27,570$ 27,598$ 27,626$ 654,835$ 1,317$ 1,318$ 1,319$ 1,321$ 1,322$ 1,323$ 1,325$ 1,326$ 1,328$ 1,329$ 1,330$ 1,332$ 1,333$ 31,596$

563,849$ 564,422$ 564,996$ 565,570$ 566,145$ 566,721$ 567,297$ 567,874$ 568,451$ 569,029$ 569,607$ 570,186$ 570,766$ 13,529,377$

1,365$ 1,366$ 1,367$ 1,369$ 1,370$ 1,371$ 1,373$ 1,374$ 1,376$ 1,377$ 1,378$ 1,380$ 1,381$ 32,742$

2,729$ 2,732$ 2,735$ 2,737$ 2,740$ 2,743$ 2,746$ 2,749$ 2,751$ 2,754$ 2,757$ 2,760$ 2,763$ 65,483$

177,390$ 177,571$ 177,751$ 177,932$ 178,113$ 178,294$ 178,475$ 178,657$ 178,838$ 179,020$ 179,202$ 179,384$ 179,567$ 4,256,426$

122,809$ 122,934$ 123,058$ 123,184$ 123,309$ 123,434$ 123,560$ 123,685$ 123,811$ 123,937$ 124,063$ 124,189$ 124,315$ 2,946,756$

304,293$ 304,602$ 304,912$ 305,222$ 305,532$ 305,843$ 306,153$ 306,465$ 306,776$ 307,088$ 307,400$ 307,713$ 308,026$ 7,301,407$

891,338$ 892,245$ 893,152$ 894,060$ 894,969$ 895,879$ 896,789$ 897,701$ 898,614$ 899,527$ 900,442$ 901,357$ 902,273$ 21,872,923$

April 2017

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Tax Increment Financing Reimbursement TableFormer Cadillac Stamping Plant

Detroit, MichiganSeptember 9, 2020

Developer Maximum

Reimbursement ProportionalitySchool & Local

TaxesLocal-Only

Taxes Total Estimated Capture 21,872,923$ State 41.7% 7,325,301$ -$ 7,325,301$ Administrative Fees 3,280,938$ Local 58.3% 10,248,438$ -$ 10,248,438$ 32 State Revolving Fund 1,018,245$

TOTAL 17,573,740$ 17,573,740$ LBRF -$ EGLE 9,584,212$ -$ 9,584,212$ MSF 7,989,528$ -$ 7,989,528$

PA 198 Abatment Period2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037

Total State Incremental Revenue -$ -$ -$ 201,175$ 201,380$ 201,584$ 201,789$ 201,995$ 202,200$ 202,406$ 202,611$ 202,817$ 203,024$ 203,230$ 203,437$ 325,830$ 326,161$ 326,493$ State Brownfield Revolving Fund (50% of SET) -$ -$ -$ (40,235)$ (40,276)$ (40,317)$ (40,358)$ (40,399)$ (40,440)$ (40,481)$ (40,522)$ (40,563)$ (40,605)$ (40,646)$ (40,687)$ (40,729)$ (40,770)$ (40,812)$ State TIR Available for Reimbursement -$ -$ -$ 160,940$ 161,104$ 161,267$ 161,431$ 161,596$ 161,760$ 161,924$ 162,089$ 162,254$ 162,419$ 162,584$ 162,749$ 285,101$ 285,391$ 285,681$

Total Local Incremental Revenue -$ -$ -$ 277,095$ 277,377$ 277,659$ 277,941$ 278,224$ 278,507$ 278,790$ 279,074$ 279,357$ 279,641$ 279,926$ 280,210$ 560,991$ 561,561$ 562,132$ BRA Administrative Fee (15%) -$ -$ -$ (71,740)$ (71,813)$ (71,886)$ (71,960)$ (72,033)$ (72,106)$ (72,179)$ (72,253)$ (72,326)$ (72,400)$ (72,473)$ (72,547)$ (133,023)$ (133,158)$ (133,294)$ Local TIR Available for Reimbursement -$ -$ -$ 205,354$ 205,563$ 205,772$ 205,982$ 206,191$ 206,401$ 206,611$ 206,821$ 207,031$ 207,242$ 207,452$ 207,663$ 427,968$ 428,403$ 428,838$

Total State & Local TIR Available -$ -$ -$ 366,294$ 366,667$ 367,040$ 367,413$ 367,787$ 368,161$ 368,535$ 368,910$ 369,285$ 369,661$ 370,037$ 370,413$ 713,069$ 713,794$ 714,520$

DEVELOPER Reimbursement Balance 18,425,523$ 18,425,523$ 18,425,523$ 18,425,523$ 18,059,229$ 17,692,562$ 17,325,522$ 16,958,109$ 16,590,322$ 16,222,161$ 15,853,626$ 15,484,716$ 15,115,431$ 14,745,770$ 14,375,734$ 14,005,321$ 13,292,252$ 12,578,458$ 11,863,939$

MSF Non-Environmental Costs 8,376,773$ 8,376,773$ 8,376,773$ 8,376,773$ 8,376,773$ 8,210,245$ 8,043,548$ 7,876,681$ 7,709,644$ 7,542,438$ 7,375,061$ 7,207,515$ 7,039,798$ 6,871,910$ 6,703,852$ 6,535,622$ 6,367,222$ 6,043,040$ 5,718,529$ State Tax Reimbursement 45% -$ -$ -$ 73,168$ 73,242$ 73,317$ 73,391$ 73,466$ 73,541$ 73,616$ 73,690$ 73,765$ 73,840$ 73,915$ 73,991$ 129,615$ 129,747$ 129,879$ Local Tax Reimbursement -$ -$ -$ 93,360$ 93,455$ 93,550$ 93,645$ 93,740$ 93,836$ 93,931$ 94,027$ 94,122$ 94,218$ 94,314$ 94,410$ 194,566$ 194,764$ 194,962$ Total MSF Reimbursement Balance 8,376,773$ 8,376,773$ 8,376,773$ 8,210,245$ 8,043,548$ 7,876,681$ 7,709,644$ 7,542,438$ 7,375,061$ 7,207,515$ 7,039,798$ 6,871,910$ 6,703,852$ 6,535,622$ 6,367,222$ 6,043,040$ 5,718,529$ 5,393,688$

EGLE Environmental Costs 10,048,750$ 10,048,750$ 10,048,750$ 10,048,750$ 10,048,750$ 9,848,984$ 9,649,014$ 9,448,841$ 9,248,464$ 9,047,884$ 8,847,100$ 8,646,111$ 8,444,919$ 8,243,521$ 8,041,919$ 7,840,112$ 7,638,099$ 7,249,212$ 6,859,929$ State Tax Reimbursement 55% -$ -$ -$ 87,772$ 87,861$ 87,951$ 88,040$ 88,130$ 88,219$ 88,309$ 88,399$ 88,489$ 88,579$ 88,669$ 88,759$ 155,486$ 155,644$ 155,802$ Local Tax Reimbursement -$ -$ -$ 111,994$ 112,108$ 112,222$ 112,336$ 112,451$ 112,565$ 112,680$ 112,794$ 112,909$ 113,024$ 113,139$ 113,254$ 233,401$ 233,639$ 233,876$ Total EGLE Reimbursement Balance 10,048,750$ 10,048,750$ 10,048,750$ 9,848,984$ 9,649,014$ 9,448,841$ 9,248,464$ 9,047,884$ 8,847,100$ 8,646,111$ 8,444,919$ 8,243,521$ 8,041,919$ 7,840,112$ 7,638,099$ 7,249,212$ 6,859,929$ 6,470,251$

Local Only Costs -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Local Tax Reimbursement -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Total Local Only Reimbursement Balance -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Total Annual Developer Reimbursement -$ -$ -$ 366,294$ 366,667$ 367,040$ 367,413$ 367,787$ 368,161$ 368,535$ 368,910$ 369,285$ 369,661$ 370,037$ 370,413$ 713,069$ 713,794$ 714,520$

LBRF Deposits * -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ State Tax Capture -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Local Tax Capture -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Total LBRF Capture -$

Footnotes:

(3) Assumes 12yr PA 198 w/out 6 mill SET abatement.Total Eligible Activities are $18,425,523 and current projectionsshow that $17,573,740 are reimbursed.

* Up to five years of capture for LBRF Deposits after eligible activities are reimbursed. May be taken from EGLE & Local TIR only.

Estimated Total Years of Plan:

DEVELOPERBeginning Balance

LOCAL BROWNFIELD REVOLVING FUND

(1) Assumes taxable value increases based on proposed build out, plus 1% annual increases for inflation thereafter. 2022 is the first year of TIF Capture and reimbursements are shown with year delay.(2) Assumes Millage Rates remain constant.

April 2017

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Tax Increment Financing Reimbursement TableFormer Cadillac Stamping Plant

Detroit, MichiganSeptember 9, 2020

Total State Incremental RevenueState Brownfield Revolving Fund (50% of SET)State TIR Available for Reimbursement

Total Local Incremental RevenueBRA Administrative Fee (15%)Local TIR Available for Reimbursement

Total State & Local TIR Available

DEVELOPER Reimbursement Balance

MSF Non-Environmental Costs State Tax Reimbursement Local Tax Reimbursement Total MSF Reimbursement Balance

EGLE Environmental Costs State Tax Reimbursement Local Tax Reimbursement Total EGLE Reimbursement Balance

Local Only Costs Local Tax Reimbursement Total Local Only Reimbursement Balance

Total Annual Developer Reimbursement

LBRF Deposits * State Tax Capture Local Tax Capture Total LBRF Capture

Footnotes:

(3) Assumes 12yr PA 198 w/out 6 mill SET abatement.Total Eligible Activities are $18,425,523 and current projectionsshow that $17,573,740 are reimbursed.

* Up to five years of capture for LBRF Deposits after eligible activities are reimbursed. May be taken from EGLE & Local TIR only.

DEVELOPER

LOCAL BROWNFIELD REVOLVING FUND

(1) Assumes taxable value increases based on proposed build out, plus 1% annual increases for inflation thereafter. 2022 is the first year of TIF Capture and reimbursements are shown with year delay.(2) Assumes Millage Rates remain constant.

2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 2051 2052 TOTAL326,825$ 327,157$ 327,490$ 327,823$ 328,156$ 328,490$ 328,824$ 329,158$ 329,493$ 329,827$ 330,163$ 330,498$ 330,834$ 331,171$ 331,507$ 8,343,546$ (40,853)$ (40,895)$ (40,936)$ (40,978)$ (41,019)$ (41,061)$ (41,103)$ (41,145)$ (41,187)$ (41,228)$ -$ -$ -$ -$ -$ (1,018,245)$

285,972$ 286,262$ 286,553$ 286,845$ 287,136$ 287,428$ 287,721$ 288,013$ 288,306$ 288,599$ 330,163$ 330,498$ 330,834$ 331,171$ 331,507$ 7,325,301$

562,704$ 563,276$ 563,849$ 564,422$ 564,996$ 565,570$ 566,145$ 566,721$ 567,297$ 567,874$ 568,451$ 569,029$ 569,607$ 570,186$ 570,766$ 13,529,377$ (133,429)$ (133,565)$ (133,701)$ (133,837)$ (133,973)$ (134,109)$ (134,245)$ (134,382)$ (134,518)$ (134,655)$ (134,792)$ (134,929)$ (135,066)$ (135,204)$ (135,341)$ (3,280,938)$ 429,274$ 429,711$ 430,148$ 430,585$ 431,023$ 431,461$ 431,900$ 432,339$ 432,778$ 433,218$ 433,659$ 434,100$ 434,541$ 434,983$ 435,425$ 10,248,438$

715,246$ 715,973$ 716,701$ 717,430$ 718,159$ 718,890$ 719,620$ 720,352$ 721,084$ 721,818$ 763,822$ 764,598$ 765,375$ 766,154$ 766,932$ 17,573,740$

11,148,693$ 10,432,719$ 9,716,018$ 8,998,588$ 8,280,429$ 7,561,539$ 6,841,919$ 6,121,566$ 5,400,482$ 4,678,665$ 3,914,843$ 3,150,245$ 2,384,869$ 1,618,716$ 851,783$ 851,783$

5,393,688$ 5,068,517$ 4,743,014$ 4,417,181$ 4,091,017$ 3,764,521$ 3,437,693$ 3,110,533$ 2,783,040$ 2,455,215$ 2,127,056$ 1,779,800$ 1,432,192$ 1,084,230$ 735,915$ 130,011$ 130,143$ 130,275$ 130,408$ 130,541$ 130,673$ 130,806$ 130,939$ 131,072$ 131,205$ 150,102$ 150,254$ 150,407$ 150,560$ 150,713$ 3,330,293$ 195,161$ 195,359$ 195,558$ 195,756$ 195,955$ 196,155$ 196,354$ 196,554$ 196,754$ 196,954$ 197,154$ 197,354$ 197,555$ 197,756$ 197,957$ 4,659,235$

5,068,517$ 4,743,014$ 4,417,181$ 4,091,017$ 3,764,521$ 3,437,693$ 3,110,533$ 2,783,040$ 2,455,215$ 2,127,056$ 1,779,800$ 1,432,192$ 1,084,230$ 735,915$ 387,245$ -$

6,470,251$ 6,080,176$ 5,689,705$ 5,298,837$ 4,907,571$ 4,515,907$ 4,123,846$ 3,731,385$ 3,338,526$ 2,945,267$ 2,551,609$ 2,135,043$ 1,718,053$ 1,300,639$ 882,801$ -$ 155,961$ 156,119$ 156,278$ 156,437$ 156,596$ 156,755$ 156,915$ 157,074$ 157,234$ 157,394$ 180,061$ 180,244$ 180,428$ 180,611$ 180,795$ 3,995,008$ 234,114$ 234,352$ 234,590$ 234,829$ 235,068$ 235,307$ 235,546$ 235,785$ 236,025$ 236,265$ 236,505$ 236,745$ 236,986$ 237,227$ 237,468$ 5,589,203$

6,080,176$ 5,689,705$ 5,298,837$ 4,907,571$ 4,515,907$ 4,123,846$ 3,731,385$ 3,338,526$ 2,945,267$ 2,551,609$ 2,135,043$ 1,718,053$ 1,300,639$ 882,801$ 464,538$ -$

-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

715,246$ 715,973$ 716,701$ 717,430$ 718,159$ 718,890$ 719,620$ 720,352$ 721,084$ 721,818$ 763,822$ 764,598$ 765,375$ 766,154$ 766,932$

-$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

April 2017

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ATTACHMENT G

Facility Confirmation

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ATTACHMENT H

Incentives Chart

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INCENTIVE INFORMATION CHART

Project Type Incentive Type Investment Amount District Industrial Brownfield TIF and

PA 198 $47.9 million 3

Jobs Available

Construction Post Construction Professional Non-

Professional Skilled Labor

Non-Skilled Labor

Professional Non-Professional

Skilled Labor

Non-Skilled Labor

6 4 80 10 100 100 125 125

1. What is the plan for hiring Detroiters? - The Developer’s contractor will work with local trades and the landlord will work with tenants and the City of Detroit to help facilitate and ensure that local hiring practices are implemented.

2. Please give a detailed description of the jobs available as listed in the above chart, i.e.: job type, job qualifications, etc. - Available jobs will include professional and non-professional office and administrative positions as well as skilled and non-skilled warehouse/shop labor. The above estimates are based on past tenant placement but may vary depending on final tenant mix. Construction trade contractors include carpenters, laborers, operators, roofers, plumbers, electricians, and landscapers. There will be approximately 100 construction positions during the duration of construction with additional indirect support positions.

3. Will this development cause any relocation that will create new Detroit residents? - Given the scope of the Project, it is unknown whether or not it will result in the creation of new Detroit residents. However, the Project will provide new industrial space for tenant growth and expansion and it is anticipated that it will act as a draw for employees that may currently be living outside of the City.

4. Has the developer reached out to any community groups to discuss the project and/or any potential jobs? - TBD

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5. When is the construction slated to begin? - Construction is anticipated to begin between the fourth quarter of 2020 and the first quarter of 2021.

6. What is the expected completion date of construction? - Construction of the overall Project is expected to be completed within approximately 12 months following construction commencement.

*Please contact Linda Wesley at (313) 628-2993 or [email protected] to schedule a date to attend the Skilled Trades Task Force.