Brownfield Redevelopment Authority - Regular Meeting

Brownfield Redevelopment Authority City Hall Minutes Packet 300 Monroe Ave NW, 9th Floor Grand Rapids, MI 49503 April 27, 2022 @ 8:30 AM City Commission Chambers I. Call to Order The meeting was called to order at 8:32 AM by Chair Guillermo Cisneros. PRESENT: Guillermo Cisneros, Milinda Ysasi, Micah Perkins, Nathaniel Moody, John Van Fossen, Troy Butler, Daniel Barcheski (arrived 8:34) ABSENT: Lynn Rabaut, Kimberly McLaughlin, Kristine Bersche OTHERS Jonathan Klooster, Christian Borg, Jordan Turner, Jess Solis, Regina Pell, PRESENT: Verah Narh-Kamara, Kate Berens, Tricia Chapman, Jessica Wood (legal counsel), Elizabeth Bovard Strong (Construction Allies in Action), Greg May (Construction Allies in Action) 1. Excused Absences The members who had alerted the Executive Director that they would be unable to attend ahead of time were listed. Motion to excuse the absences of Kim McLaughlin, Lynn Rabaut, and Kristine Bersche. RESULT: ADOPTED [UNANIMOUS] MOVER: Milinda Ysasi, Commissioner SECONDER: Nathaniel Moody, Commissioner YEAS: Cisneros, Butler, Moody, Ysasi, Perkins, Van Fossen ABSENT: Lynn Rabaut, Kristine Bersche, Daniel Barcheski, Kim McLaughlin II. Minutes Approval 1. Approval of Minutes from February 23, 2022 Dan Barcheski stated that he was excused for his absence at the last meeting and would like that reflected in the minutes. Motion to approve the February 23, 2022 Minutes with the noted changes. Generated 5/23/2022 08:55 AM Brownfield Redevelopment Authority Meeting Full Page 2 April 27, 2022 RESULT: ACCEPTED [UNANIMOUS] MOVER: Milinda Ysasi, Commissioner SECONDER: Troy Butler, Treasurer YEAS: Cisneros, Butler, Moody, Ysasi, Perkins, Van Fossen ABSENT: Lynn Rabaut, Kristine Bersche, Daniel Barcheski, Kim McLaughlin III. Action Items 1. Correction to Approval of Invoices Documenting Eligible Expenses for the Jackson Entertainment, LLC Redevelopment Project Dan Barcheski arrived at 8:34 AM. Jonathan Klooster briefly discussed the reason for the correction to the eligible expenses amount for the Jackson Entertainment, LLC project, which was related to a formula error in the spreadsheet used to compile the total costs. Motion to approve Eligible Activity Invoices in the revised amount of $25,750,829 for Jackson Entertainment, LLC. RESULT: APPROVED [UNANIMOUS] MOVER: Micah Perkins, Member SECONDER: Nathaniel Moody, Commissioner YEAS: Cisneros, Butler, Moody, Ysasi, Barcheski, Perkins, Van Fossen ABSENT: Lynn Rabaut, Kristine Bersche, Kim McLaughlin 2. Assignment and Assumption of a Development and Reimbursement Agreement for the OMH, LLC Redevelopment Project (Rowe Hotel), and consenting to Collateral Assignment of the same Mr. Klooster presented the item, which transfers the rights and obligations of the Development and Reimbursement Agreement for the Rowe Hotel redevelopment project in connection with a sale of the property. Motion to approve the assignment and assumption of the Development and Reimbursement Agreement for the OMH, LLC Redevelopment Project at 201 Michigan Street NW. RESULT: APPROVED [UNANIMOUS] MOVER: Micah Perkins, Member SECONDER: Daniel Barcheski, Member YEAS: Cisneros, Butler, Moody, Ysasi, Barcheski, Perkins, Van Fossen ABSENT: Lynn Rabaut, Kristine Bersche, Kim McLaughlin 3. Brownfield Redevelopment Authority Fiscal Year 2023-2027 Priority Plans Generated 5/23/2022 08:55 AM Brownfield Redevelopment Authority Meeting Full Page 3 April 27, 2022 Mr. Klooster presented the Fiscal Year 2023 budget proposals for the Brownfield Redevelopment Authority and the Local Brownfield Revolving Fund and discussed the general state of the Brownfield funds. Motion to recommend the FY2023 budget proposals to the City Commission for consideration. RESULT: APPROVED [UNANIMOUS] MOVER: Troy Butler, Treasurer SECONDER: Daniel Barcheski, Member YEAS: Cisneros, Butler, Moody, Ysasi, Barcheski, Perkins, Van Fossen ABSENT: Lynn Rabaut, Kristine Bersche, Kim McLaughlin IV. Reports 1. January - April 2022 Activity Report for the Grand Rapids Brownfield Redevelopment Authority's Environmental Site Assessment Grant Program Mr. Klooster presented this report, which is included in the agenda packet. RESULT: DISCUSSED V. Other Business None. VI. Public Comment None. VII. Adjournment The meeting was adjourned at 9:17 AM by Chair Cisneros. Generated 5/23/2022 08:55 AM