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HomeMy WebLinkAboutMarch 20, 2024 - 28th Meeting signedMINUTES OF THE 28th MEETING OF THE CITY OF LIVONIA BROWNFIELD REDEVELOPMENT AUTHORITY The 28th Meeting of the Brownfield Redevelopment Authority of Livonia was called to order at 5:00 p.m. on Wednesday, March 20, 2024, by Chairman Engebretson at City of Livonia City Hall MEMBERS PRESENT: Jack Engebretson, Chairman Lynda Scheel, Vice Chairman Ken Harb, Secretary Dillon Breen, Treasurer Nicholas Lomako Andrew Lendrum Steven Vandette MEMBERS ABSENT: Melissa Karolak OTHERS PRESENT: Mark Taormina, Planning & Economic Dev. Director Jacob Uhazie, Planning & Economic Dev. Coordinator Michael Slater, Director of Finance Debra Lichtenberg, Director of Finance Stephanie Reece, Program Supervisor ROLL WAS CALLED. A quorum was present. APPROVAL OF MINUTES On a motion by Scheel, seconded by Vandette, and unanimously adopted, it was: #01-2024 RESOLVED, that the Minutes of the 27th Meeting of the City of Livonia Brownfield Redevelopment Authority and held October 23, 2023, as amended, are hereby approved. Chairman Engebretson declared the motion is carried and the foregoing resolution adopted. Chairman Engebretson made some comments about at the last meeting how he was late and how he was stuck in the elevator. He stated he is appreciative of the firefighters that were able to remove him from it. REVIEW OF LBRA TAX CAPTURE FOR LIVONIA MARKETPLACE AND CONSIDERATION OF TAX INCREMENT FINANCE (TIF) REIMBURSEMENT PAYMENT #20 (W-2023) FOR AUTHORIZED ELIGIBLE EXPENSES Mr. Taormina: So this is for the Winter 2023, and so the next five items are all Winter 2023 disbursements. The captured values are really the same as what we saw from the Summer of 2023. In the case of the value marketplace, the incremental value for capture is a little over $6 million. In this case, we are capturing both personal Livonia Brownfield Redevelopment Authority March 20, 2024 Page 2 and real property, which translates to total taxes for capture in the amount of $93,570.200, and the breakdown, again, is between the LSRRF and Administration at 20% and the 80% going to the developer. You can see the numbers there $18,714 to the fund and administration, and then just under $75,000 to the developer and we have the prepared resolution highlighted for you. Mr. Engebretson: Seeing no questions, a motion is in order. On a motion by Breen, seconded by Harb, and unanimously adopted, it was: #02-2024 RESOLVED, that the City of Livonia Brownfield Redevelopment Authority does hereby approve the distribution of Captured Taxes from the Livonia Marketplace Project as follows: 1) Payment #20 (W-2023) to Livonia Phoenix, LLC, in the amount of $74,856.16, for the reimbursement of eligible expenses; and 2) $18,714.04 for deposit into the Livonia Brownfield Redevelopment Authority's Local Site Remediation Revolving Fund (LSRRF) and to pay for administrative expenses. Mr. Engebretson: Any discussion? Chairman Engebretson declared the motion is carried and the foregoing resolution adopted. REVIEW OF LBRA TAX CAPTURE FOR LIVONIA COMMONS AND CONSIDERATION OF TAX INCREMENT FINANCE (TIF) REIMBURSEMENT PAYMENT #18 (W-2023) FOR AUTHORIZED ELIGIBLE EXPENSES. Mr. Taormina: Payment number 18 in the case of Livonia Commons. I'll note that following this payment, we only have two more. In this case 100% of the captured taxes does go to the developer for Winter of 2023. That amount is $45,742.82. In this case none of the captured amount goes to the Michigan Department of Treasury State Revolving Fund that occurs in the summer. Mr. Engebretson: Are there any questions regarding this? Seeing none, a motion would be in order. Livonia Brownfield Redevelopment Authority March 20, 2024 Page 3 On a motion by Scheel, seconded by Vandette, and unanimously adopted, it was: #03-2024 RESOLVED, that the City of Livonia Brownfield Redevelopment Authority does hereby approve the distribution of Captured Taxes from the Livonia Commons Project as follows: 1) Payment #18 (W-2023) to TMA-LIVCOM, LLC, in the amount of $45,742.82 for the reimbursement of eligible expenses. Mr. Engebretson: Is there any discussion? Chairman Engebretson declared the motion is carried and the foregoing resolution adopted. REVIEW OF LBRA TAX CAPTURE FOR LIVONIA MARKET II AND CONSIDERATION OF TAX INCREMENT FINANCE (TIF) REIMBURSEMENT PAYMENT #10 (W-2023) FOR AUTHORIZED ELIGIBLE EXPENSES. Mr. Taormina: Yes, so this is, again, another local only tax capture. The amount for this period was $49,239.32, split between 25% to the LSRRF and administration and 75% to the developer. And you can see the numbers highlighted in the resolution. On a motion by Lomako, seconded by Harb, and unanimously adopted, it was: #04-2024 RESOLVED, that the City of Livonia Brownfield Redevelopment Authority does hereby approve the distribution of Captured Taxes from the Livonia Marketplace II Project as follows: 1) Payment #10 (W-2023) to Livonia Market II, LLC, in the amount of $36,929.49 for the reimbursement of eligible expenses; and 2) $12,309.83 for deposit into the Livonia Brownfield Redevelopment Authority's Local Site Remediation Revolving Fund (LSRRF) and to pay for administrative expenses. Mr. Engebretson: Is there any discussion? Mr. Vandette: I just have one question. The percentage that goes to the revolving fund for Livonia at 25%, that is different than some of the others. Is that set during the Brownfield process of establishing it at 25%. Is that why there's a difference? Livonia Brownfield Redevelopment Authority March 20, 2024 Page 4 Mr. Taormina: Yeah. So, in the case of the Livonia Market II, as I recall, that was something that was finalized with the Council review and approval of the project. I don't' know what was recommended following the authorities, but it's really the Council's decision at the end on what that split should be. Typically, it's something that's negotiated between the developer and the city, and then ultimately approved by City Council. That's why you see it varying. Someone asked me that question earlier why it was 0% in the case of Livonia Commons, and that was something that was really negotiated as part of the review of that project. Mr. Vandette: Do you know is there a range for that? Mr. Taormina: There is no limit that I'm aware of. It can range anywhere from zero to whatever. In this case, this is the 25% .This case is probably the highest percentage. Mr. Slater: I think if we had a template document, it would normally be 80/20. Right? They're not all at 20, but I think that's where we start and then it changes from there. Mr. Taormina: Actually, the last line item on the agenda is 10% in that case. I know that there was quite a lot of discussion about that option Mr. Vandette: Thank you. Mr. Engebretson: Any further discussion? Chairman Engebretson declared the motion is carried and the foregoing resolution adopted. REVIEW OF LBRA TAX CAPTURE FOR HAGGERTY CENTER AND CONSIDERATION OF TAX INCREMENT FINANCE (TIF) REIMBURSEMENT PAYMENT #10 (W-2023) FOR AUTHORIZED ELIGIBLE EXPENSES. Mr. Taormina: This is the Haggerty center project at Eight Mile and Haggerty Roads, the mixed -use development. In this case the total taxes for capture amounts to $186,363.12. The division between the LSRRF and the administration, in this case, is 20%/80% as mentioned. You can see the numbers there. Mr. Engebretson: Thank you. Any other questions? Seeing none, a motion would be in order. Livonia Brownfield Redevelopment Authority March 20, 2024 Page 5 On a motion by Vandette, seconded by Scheel, and unanimously adopted, it was: #05-2024 RESOLVED, that the City of Livonia Brownfield Redevelopment Authority does hereby approve the distribution of Captured Taxes from the Livonia Haggerty Center Project as follows: 1) Payment #10 (W-2024) to Haggerty Square, LLC in the amount of $149,090.50 for the reimbursement of eligible expenses; and 2) $37,272.62 for deposit into the Livonia Brownfield Redevelopment Authority's Local Site Remediation Revolving Fund (LSRRF) and to pay for administrative expenses. Chairman Engebretson declared the motion is carried and the foregoing resolution adopted. REVIEW OF LBRA TAX CAPTURE FOR LIVONIA WEST COMMERCE CENTER 2 AND CONSIDERATION OF TAX INCREMENT FINANCE (TIF) REIMBURSEMENT PAYMENT #2 (W-2023) FOR AUTHORIZED ELIGIBLE EXPENSES. Mr. Taormina: This is not only our most recent project, but also the largest project we've approved to date. This is only the second payment. In this case, we do capture school taxes. The totals between the local tax capture and school tax capture is $228,824.81. As I mentioned previously, this is the one that 10% goes to the LSRRF and administration and then the balance of 90% goes to the developer. Mr. Breen: Mr. Taormina: Mr. Slater: This is the longest time wise, what 30 years? It was less than that. And if you recall going, when at the last meeting and it is probably reflected in the minutes, you just approved, where Kyle Morton indicated that there was some rather significant savings as part of the project. So, the timeframe was shortened. I can't quote exactly what that is, but I want to say it was Tess than the 28 years that was approved. It was approved for 28. They had a bunch of savings because they were able to use the fill dirt from the 1-275 project instead of paying for it. And that was one of those savings. But what was approved for reimbursement as part of the adopted plan was about $9.7 million, their actual incurred costs were about $5.7 Livonia Brownfield Redevelopment Authority March 20, 2024 Page 6 million. So, in all likelihood, if values continue to increase like they are and everything goes on as it is, they will be repaid that $5.7 million well before the 28 years is up. Mr. Engebretson: That was an interesting process that was done. Didn't we have a Zoom meeting on this particular issue? Ms. Scheel: Mr. Slater: Yes, we did. There were many meetings and many back and forth's. It's definitely different than all the other ones we did, but I believe that was our most contaminated property in the city period. From a brownfield perspective, that's probably going to be one of the bigger ones you ever do. Mr. Engebretson: Probably the biggest., Mr. Harb: It's a beautiful site to though. Right now. Mr. Engebretson: Okay, folks. Do we have motion? Mr. Harb: No. Mr. Engebretson: Is there any discussion? Mr. Lomako: Mr. Taormina: Mr. Lomako: Mr. Slater: Mr. Chairman, I'm just questioning the numbers. If it is 10% f that total capture going to LSRRF and administration, should it be $22,882? And should the 90% be $205,942?. I'm using the numbers that were provided to us by the Treasurer's office. I've got $14,753.91 and $214,070.90. But again, your total taxes for capture is $228,824, right? Mr. Chair, I don't have the actual spreadsheet, right here, but when we say 90%/10%, or 80%/20%, there is a little twist to that, because the percentage of that goes to the LSRRF is the 10%, the 20%, whatever it is, of local only capture, none of the school taxes goes to the revolving. So, for simplicity, we say 90%/10% 80%/20%, but in actuality it's always a little bit different because if they are capturing school taxes. Mr. Harb: It's the 228 minus the 81 to get you to 147. So Livonia Brownfield Redevelopment Authority March 20, 2024 Page 7 Mr. Taormina: You see the local tax capture amount is $147,539.06? It is 10% of that figure more or less. Mr. Lomako: Okay. Mr. Engebretson: Well, that was a good question. And a good response. Mr. Slater: Mr. Harb: Mr. Slater: Mr. Harb: Mr. Slater: Well, the reason I know that is because the model and I think it was Livonia Marketplace, there was a correction we had to make after a few years or this where that was the correction, that it wasn't over the total amount, it was only the local capture. I believe that's part of the Brownfield Act is that no state taxes can go to the revolving fund. So, who collects for the schools? Does the city collect for the schools? The Treasurer's office, yes. I don't I don't notice that on the in these numbers. Do we charge the schools for that? For services provided by schools? Are you pulling my leg? Mr. Engebretson: We've gone from one end of the spectrum to the other. Any further discussion? Hearing none, please call the roll on the motion to approve. On a motion by Scheel, seconded by Lendrum, and unanimously adopted, it was: #06-2024 RESOLVED, that the City of Livonia Brownfield Redevelopment Authority does hereby approve the distribution of Captured Taxes from the Livonia West Commerce Center 2 Project as follows: 1) Payment #2 (W-2023) to Livonia West Commerce Center 2, LLC, in the amount of $214,070.90 for the reimbursement of eligible expenses. 2) $14,753.91 for deposit into the Livonia Brownfield Redevelopment Authority's Local Site Remediation Livonia Brownfield Redevelopment Authority March 20, 2024 Page 8 Revolving Fund (LSRRF) and to pay for administrative expenses. Chairman Engebretson declared the motion is carried and the foregoing resolution adopted. Mr. Engebretson: Is there anything else to come before the board? Mr. Slater: Mr. Chair, this is my last Brownfield meeting also. April 12th will be my last day at the city, and I'd like to take the opportunity to introduce everybody to my successor This is Debbie Peck Lechtenberg. She will be filling my shoes, improving what we hopefully set in place here. She's very qualified and very pleasant to be around. At least so far. Ms. Scheel: Is this your first day? Mr. Engebretson: So, Mike, is she replacing you as Director of Finance or relative to this particular function here. Mr. Slater: both for now. Obviously, it'll be up to Debbie as to whether she continues to attend these meetings or we have someone else do that, but for now, yes. Mr. Engebretson: Hello, Debbie. Welcome. I won't be here to welcome you, but I will take this opportunity to say that important work, very important work. This process was something unknown to most of us prior to Mayor Kirksey early after he took my chair and started his second, eight years, he formed this board. And I'm sure Mr. Taormina and Mr. Slater, were involved in that process, but we all got educated and it has been an interesting thing to participate in. And I do want to say that I think it's really important work. Some development has occurred in the city, that may or may not have happened, had it not been for the support that comes from this board and this law. On the other hand, we learned that it doesn't really cost the city, anything long term, because of the way the whole process functions, versus just leaving some lands laying there wasting away, not generating any taxes. I think it's been a wonderful opportunity for the city, and it's been a wonderful opportunity for me, and I want to take this opportunity to thank all of you for the effort that you've made for a long time, some far shorter time, but I want you to know that while I've enjoyed working with you all, and conducted a lot of meetings sitting in this chair, I'm just not comfortable Livonia Brownfield Redevelopment Authority March 20, 2024 Page 9 anymore. Age is catching up with me and a couple of days from now I turn 87, and it's time for me to go. And so I did ask the Mayor to let me stay till this last meeting occurred. I wanted to be here so that I can express my appreciation to all of you. Mark, I know that you and your team have worked tirelessly to coordinate with the finance department to prepare wonderful packets of information on a timely basis. And you have attended the meetings and you have managed to answer our questions. You've helped to educate us on the nuances that we're dealing with. And it's just been, it's been fun. I'm going to miss being here, but Mr. Slater probably would have a heart attack when he hears this, but I'm going to devote the balance of my time as I have been for the last 15 years, doing all the accounting work at my church. And I'm using QuickBooks Online and a lot of fun with that. It kind of takes me back to where I started life in the computer business and big mainframes back in those days. That world has changed a lot, but I implemented the accounting system for church 15 years ago using QuickBooks Desktop and I handed it off to somebody else, but now I'm taking it back and transitioning to QuickBooks Online for a lot of reasons. But anyway, that's what I'm going to be doing now. Mike, as you go out into your leaf raking, or whatever and I will be doing debits and credits. Mr. Harb: Are you going to Florida? Mr. Slater: Eventually, at least for January and February. Mr. Engebretson: Well, and so you know, that's another part of the problem as I've gotten older, I've had vision issues and wear hearing aids. And I don't like to do a job unless I can do it well, and for the last year or so. I don't feel been doing it particularly well. I walked in today with Nick Lomako, from the parking lot and I was so out of breath by the time I got to the elevator. Mr. Harb: I know we started together, but I just want to thank you for your wisdom. Thank you for leading this group the way you have. I think we've all learned from you. Your graciousness, your consistency, and we're gonna miss you. I just wanted to say that. Mr. Engebretson: Okay. Discussion? Livonia Brownfield Redevelopment Authority March 20, 2024 Page 10 ELECTION OF OFFICERS On a motion by Breen, seconded by Harb, and unanimously adopted, it was: #07-2024 RESOLVED, that Lynda Scheel is hereby appointed to serve as Chairman thru the spring of 2025 or the next time at which a full slate of officers is elected. On a motion by Breen, seconded by Scheel, and unanimously adopted, it was: #08-2024 RESOLVED, that Ken Harb is hereby appointed to serve as Vice Chairman thru the spring of 2025 or the next time at which a full slate of officers is elected. On a motion by Harb, seconded by Vandette, and unanimously adopted, it was: #09-2024 RESOLVED, that Dillon Breen is hereby appointed to serve as Secretary thru the spring of 2025 or the next time at which a full slate of officers is elected. On a motion by Harb, seconded by Breen, and unanimously adopted, it was: #10-2024 RESOLVED, that Andy Lendrum is hereby appointed to serve as Treasurer thru the spring of 2025 or the next time at which a full slate of officers is elected. Mr. Taormina: Chairman for all your dedication, thanks again. It's been a pleasure. And yes, you'd have sat in that chair and Mike and I usually try to sit at the far end of the table as possible. To Mike too, I mean, we are gonna miss Mike. I am sure. Debbie understands what she's walking into, or will soon enough but you know, ifs been an interesting progression, you know, from the first project that we worked on, the Livonia Marketplace, and all the lessons we learned from that, which I think was worth it. That was starting out with a very difficult project at a very difficult time, and I think that's really paid off on how we managed all the projects that followed. Mr. Engebretson: I think you're right in the fact that it was so new, and we needed so much education. It made it difficult, but it was never anything but a pleasure to be involved in it. Mr. Taormina: Just so that everyone knows we don't take this task lightly at all. Not all things are a good fit necessarily. And so, they never Livonia Brownfield Redevelopment Authority March 20, 2024 Page 11 really find their way to you for review, or they don't qualify. We do anticipate that there will be more in the future. There's nothing on the immediate horizon right now, but that doesn't mean that all of a sudden, we will be handed with, you know, potentially a great opportunity that where Brownfield financing is going to be critical, you know, it's just a matter of time that it probably will be used in some capacity. You know, we have this revolving fund that we're growing and that money will be used at some point probably related to some activities on city owned property. Mr. Engebretson: And I think that you're going to, for sure, see new opportunities come down the road, because there are going to be opportunities to redevelop land that will be enhanced by this whole process here. As I said earlier, I think that we've seen some things happen that wouldn't have happened had not been for the work that we've done here, Mr. Taormina: Right, and the statute is evolving as well. So, for example, it's recently been amended to include more opportunities for housing developments. So, we could very well see that in the future. Mr. Engebretson: Okay, well then, let me just say thanks again to everybody. On a motion duly made, seconded, and unanimously adopted, the 28th Meeting held by the City of Livonia Brownfield Redevelopment Authority on March 20, 2024, was adjourned at :5:38 p.m. /(11 Ken Harb, Secretary