Brownfield redevelopment public hearing slated for Feb. 20
NOTICE OF PUBLIC HEARING TO TAXING JURISDICTIONS
THE CITY OF FARMINGTON INTENDS TO HOLD A PUBLIC HEARING FOR ADOPTION OF A BROWNFIELD REDVELOPMENT PLAN FOR THE PROPERTY LOCATED AT 31775 GRAND RIVER AVE., FARMINGTON, MICHIGAN.
The City Council of the City of Farmington has established a Brownfield Redevelopment Authority (the Authority) in accordance with the Brownfield Redevelopment Act, Act no. 381 of the Michigan Public Acts of 1996, as amended (Act 381).
Act 381 was enacted to provide a means for local units of government to facilitate the revitalization of a facility or a site or property as those terms are defined in part 213, historic resource, functionally obsolete, or blighted areas. The Authority Board will consider adoption of a Brownfield Plan for the property located at 31775 Grand River Ave., described as:
TOWN 1 NORTH, RANGE 9 EAST, SECTION 27, PART OF THE SOUTHEAST 1/4 BEGINNING AT A POINT DISTANT NORTH 62 DEGREES 54 MINUTES 30 SECONDS WEST 150 FEET FROM INTERSECTION OF SOUTHWESTERLY LINE OF 120 FOOT WIDE GRAND RIVER ROAD AND WESTERLY LINE OF SHERWOOD AVENUE, THENCE NORTH 62 DEGREES 54 MINUTES 30 SECONDS WEST 150 FEET, THENCE SOUTH 26 DEGREES 29 MINUTES 00 SECONDS WEST 402.45 FEET, 'THENCE SOUTH 65 DEGREES 19 MINUTES 00 SECONDS
EAST 150 FEET, 'THENCE NORTHEASTERLY TO BEGINNING.
(the Property). The Property is determined to be a “facility” and/or “site” in accordance with Part 213 of P.A. 451 of the Michigan Natural Resources Environmental Protection Act (NREPA), as amended, because it contains asbestos and is also functionally obsolete under Act 381, as determined by a Michigan Master Assessing Officer. The City Council of the City of Farmington must approve the Brownfield Plan.
This communication serves to notify affected taxing jurisdictions of the City's intent to approve a Brownfield Plan for the Property.
Act 381 permits the use of tax increment financing in order to provide the Authority with the means of financing redevelopment projects included in a Brownfield Plan. As provided in Act 381, tax increment financing allows the Authority to capture tax revenues attributable to increases in the taxable value of real and personal property located on an eligible property, which may include certain adjacent or contiguous parcels. Increases in taxable value may be attributable to various factors, including new construction, rehabilitation, remodeling, alterations, additions and the installation of personal property on an eligible property.
The Brownfield Plan as presented for adoption proposes the capture of all eligible tax increment revenue generated on the property for approved purposes.
The public hearing will be held and the Brownfield plan will be considered for adoption at the February 20, 2024 City Council meeting held at 7:00 PM. in the Farmington City Hall, 23600 Liberty Street, Farmington, Michigan, 48335. If you wish to express your views or recommendations or if you have any questions or comments concerning the Brownfield Redevelopment Authority and the Brownfield Plan for the Property you may attend the meeting and offer comment during the meeting. A copy of the Brownfield Plan is available for review at the Farmington City Clerk’s Office, 23600 Liberty Street, Farmington, Michigan, 48335.
Meaghan Bachman, Clerk
City of Farmington
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