Brownfield Redevelopment Authority - Regular Meeting

Brownfield Redevelopment Authority 400 Monroe Avenue NW Minutes Packet 1st Floor Conference Room Grand Rapids, MI 49503 May 25, 2022 @ 8:30 AM MSU Grand Rapids Research Center I. Call to Order The meeting was called to order at 8:32 AM by Chair Guillermo Cisneros PRESENT: Guillermo Cisneros, Lynn Rabaut, Kristine Bersche, Troy Butler, Commissioner Nathaniel Moody, Commissioner Milinda Ysasi, Daniel Barcheski, Micah Perkins, John VanFossen ABSENT: Kim McLaughlin OTHERS Jonathan Klooster, Christian Borg, Jordan Turner, Jess Solis, Tricia PRESENT: Chapman, Jessica Wood (legal counsel), Jacob Horner (PK Companies), Tom Wackerman (ASTI), Javier Olvera (Olvera Enterprises), David de Velder (Dwelling Place), George Larimore (Colliers) II. Minutes Approval 1. Excused Absences The members who alerted the Executive Director that they would be unable to attend ahead of time were listed. Motion to excuse the absence of Kim McLaughlin. RESULT: ADOPTED [UNANIMOUS] MOVER: Micah Perkins, Member SECONDER: Troy Butler, Treasurer YEAS: Cisneros, Rabaut, Bersche, Butler, Moody, Ysasi, Barcheski, Perkins, VanFossen ABSENT: Kim McLaughlin 2. Approval of Minutes from April 27, 2022 No corrections were noted. Motion to approve the April 27, 2022 minutes. Generated 6/14/2022 08:39 AM Brownfield Redevelopment Authority Meeting Full Page 2 May 25, 2022 RESULT: ACCEPTED [UNANIMOUS] MOVER: Milinda Ysasi, Commissioner SECONDER: Lynn Rabaut, Vice Chair YEAS: Cisneros, Rabaut, Bersche, Butler, Moody, Ysasi, Barcheski, Perkins, VanFossen ABSENT: Kim McLaughlin III. Financial Statements 1. FY2022 Interim Financial Statements as of April 30, 2022 Tricia Chapman presented the interim financial statements as of April 30, 2022. Motion to approve Financial Statement C. RESULT: APPROVED [UNANIMOUS] MOVER: Lynn Rabaut, Vice Chair SECONDER: John VanFossen, Member YEAS: Cisneros, Rabaut, Bersche, Butler, Moody, Ysasi, Barcheski, Perkins, VanFossen ABSENT: Kim McLaughlin IV. Action Items 1. FY2022 Budget Amendment Request Jonathan Klooster presented the FY2022 budget amendment to increase the authority’s appropriation authority and explained the reasoning for the request. The authority received higher than anticipated revenues, which need to be paid out as developer reimbursements. Motion to approve the FY2022 budget amendment request. RESULT: APPROVED [UNANIMOUS] MOVER: Troy Butler, Treasurer SECONDER: Lynn Rabaut, Vice Chair YEAS: Cisneros, Rabaut, Bersche, Butler, Moody, Ysasi, Barcheski, Perkins, VanFossen ABSENT: Kim McLaughlin 2. Fiscal Year 2023 Brownfield Redevelopment Authority Budget Adoption Mr. Klooster presented the FY2023 budget adoption. Mr. Klooster noted the City Commission unanimously approved the budget with no changes at its meeting on May 14, 2022. Generated 6/14/2022 08:39 AM Brownfield Redevelopment Authority Meeting Full Page 3 May 25, 2022 Motion to adopt the Fiscal Year 2023 Brownfield Redevelopment Authority budget. RESULT: APPROVED [UNANIMOUS] MOVER: Lynn Rabaut, Vice Chair SECONDER: Micah Perkins, Member YEAS: Cisneros, Rabaut, Bersche, Butler, Moody, Ysasi, Barcheski, Perkins, VanFossen ABSENT: Kim McLaughlin 3. Resolution approving a Brownfield Plan Amendment for Marywood Motherhouse, LLC for the Academy Manor redevelopment project at 43 Lakeside Jordan Turner presented the item and introduced Jacob Horner from PK Companies and Tom Wackerman from ASTI. The development team provided additional details on the project, which, when completed, will include affordable senior housing. Motion to approve a Brownfield Plan Amendment for the Marywood Motherhouse, LLC project located at 43 Lakeside Drive. RESULT: APPROVED [UNANIMOUS] MOVER: Milinda Ysasi, Commissioner SECONDER: Lynn Rabaut, Vice Chair YEAS: Cisneros, Rabaut, Bersche, Butler, Moody, Ysasi, Barcheski, Perkins, VanFossen ABSENT: Kim McLaughlin 4. Resolution approving a Revised Brownfield Plan Amendment for the 900 Cesar E. Chavez, LLC Redevelopment Project at 900 Cesar E. Chavez Avenue SW Mr. Klooster presented the item and introduced Javier Olvera from Olvera Industries. Mr. Olvera provided additional details on the project, which includes office space on the second floor and a commercial space on the ground floor for a future tenant. Motion to approve a Revised Brownfield Plan Amendment for the 900 Cesar E. Chavez, LLC Redevelopment Project at 900 Cesar E. Chavez Avenue SW. RESULT: APPROVED [UNANIMOUS] MOVER: Nathaniel Moody, Commissioner SECONDER: Lynn Rabaut, Vice Chair YEAS: Cisneros, Rabaut, Bersche, Butler, Moody, Ysasi, Barcheski, Perkins, VanFossen ABSENT: Kim McLaughlin Generated 6/14/2022 08:39 AM Brownfield Redevelopment Authority Meeting Full Page 4 May 25, 2022 5. Resolution approving and recommending a Brownfield Plan Amendment for the Dwelling Place Regional Community Land Trust Redevelopment Project at 2080 Union Avenue SE Mr. Klooster presented the item and introduced David deVelder from Dwelling Place and George Larimore from Colliers. The development team provided additional details on the project, which will include owner-occupied homes that will be part of a community land trust. Motion to approve and recommend a Brownfield Plan Amendment for the Dwelling Place Regional Community Land Trust Redevelopment Project at 2080 Union Avenue SE. RESULT: APPROVED [UNANIMOUS] MOVER: Micah Perkins, Member SECONDER: Milinda Ysasi, Commissioner YEAS: Cisneros, Rabaut, Bersche, Butler, Moody, Ysasi, Barcheski, Perkins, VanFossen ABSENT: Kim McLaughlin V. Other Business Mr. Klooster gave the board additional background on the process staff uses before bringing projects to the Authority with recommendations for approval. VI. Public Comment None. VII. Adjournment The meeting was adjourned by Chair Guillermo Cisneros at 9:43 AM. Generated 6/14/2022 08:39 AM