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Resolutions - 2017.01.26 - 22745
MISCELLANEOUS RESOLUTION #17013 January 26, 2017 BY: Commissioner Philip Weipert, Chairperson, Planning and Building Committee IN RE: ECONOMIC DEVELOPMENT AND COMMUNITY AFFAIRS - RESOLUTION APPROVING THE PROVISIONS OF A BROWNFIELD PLAN FOR THE 66 EAST UNIVERSITY- CITY OF PONTIAC PROJECT To the Oakland County Board of Commissioners Chairperson, Ladies and Gentlemen: WHEREAS the Oakland County Board of Commissioners, pursuant to and in accordance with the provisions of the Brownfield Redevelopment Financing Act, being Act 381 of the Public Acts of the State of Michigan of 1996, as amended (the "Act"), have established a redevelopment of Brownfields Redevelopment Authority and Board (OCBRA) to facilitate the cleanup and redevelopment of Brownfields within Oakland County's communities; and WHEREAS the 65 East University site in The City of Pontiac (the "Property") is a hazard, "facility" under state statute and a non-producing parcel; and WHEREAS a Brownfield clean up and redevelopment plan amendment (the "Plan") has been prepared to restore the environmental and economic viability this parcel; and WHEREAS pursuant to OCBRA by-laws, a local committee has been appointed, participated in discussions regarding the proposed plan and project, reviewed the plan, and recommends its approval; and WHEREAS the City of Pontiac has reviewed the Plan, and has been provided a reasonable opportunity to express views and recommendations regarding the Plan in accordance with Sections 13 (13) of the Act, and has concurred with the provisions of the Plan; and WHEREAS the OCBRA, pursuant to and in accordance with Section 13 of the Act, has approved a resolution (attached) adopting the Plan, and recommends the adoption of the Plan by the Oakland County Board of Commissioners to be carried out within the City of Pontiac relating to the 65 East University redevelopment in the City of Pontiac. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners does hereby adopt the Brownfield Redevelopment Plan to be carried out within the City of Pontiac, relating to the 65 East University redevelopment. BE IT FURTHER RESOLVED that a public hearing on the adoption of the Brownfield Plan approved by the Oakland County Brownfield Redevelopment Authority for the 65 East University redevelopment in the City of Pontiac shall be held on January 26, 2017 at 9:30 AM in the Oakland County Board of Commissioners' Auditorium, 1200 North Telegraph Road, Pon ichigan. Chairperson, on behalf of the Planning & Building Co ittee, I ove the adoption of the foregoing resolution. Cylmmissioner Philip Weipert, District #8 hairperson, Planning and Building Committee PLANNING AND BUILDING COMMITTEE Motion carried unanimously on a roll call vote with Dwyer and McGillivray absent. RESOLUTION TO APPROVE A BROWNFIELD REDEVELOPMENT PLAN FOR THE 65 EAST UNIVESITY BROWNFIELD PROJECT NOVEMBER 30, 2016 WHEREAS, 65 East University in the City of Pontiac has been a environmental hazard, a "facility' under state statute, and a non-producing parcel for many years; and, WHEREAS, a clean up and redevelopment plan has been established to restore the environmental and economic viability to the 65 East University parcel; and, WHEREAS, the local host committee consisting of Mayor Waterman from the City of Pontiac and Mr. Hunter from the OCBRA have met and have recommended the approval of the Brownfield plan dated November 21, 2016; and, WHEREAS, the BRA Board has reviewed the proposed plan; now, THEREFORE, BE IT RESOLVED, the Brownfield Plan for the 65 East University project was approved by the OCBRA on November 30, 2016 by a majority vote of yeas to nays, provided that: 1. the Brownfield plan is also approved by the City of Pontiac Council at their meeting on January 5, 2017; and, 2. The local tax capture is not to exceed $1,907,432 BE IT FURTHER RESOLVED, to recommend the adoption of this plan by the Oakland County Board of Commissioners, and its Planning and Building and Finance Committee. Yeas- Wilson, Hunter, Lerminia,ux, Williams Nays- Abstained- Trigger Da1TTIunter Secretary, Oakland County Brownfield Redevelopment Authority ESTABLISHMENT OF A COMMITTEE FOR THE 65 EAST UNIVERSITY BROWNFIELD SITE NOVEMBER 30 2016 WHEREAS, per the Oakland County Brownfield Redevelopment Authority (BRA) Bylaws, Article II Section 9. Not less than sixty days prior to the submittal of any proposed Brownfield redevelopment plan to the BOC pursuant to Section 14(a) of the Act, by resolution the Board shall appoint a committee for any such proposed plan to allow for input of the city, village or township involved. The committee shall consist of a minimum of one or more of the Directors of the Board, as well as one elected official, or his/her designee from the affected city, village, or township. The committee so appointed shall make recommendations to the Board, which shall include or address any changes to the Brownfield redevelopment plan sought by the city, village or township, as well as any other significant concerns or issues raised by the city, village or township. WHEREAS, Dan Hunter (Oakland County BRA) and Deidre Waterman, Mayor City of Pontiac have been designated to serve on the Local Host Committee since November 17, 2016 for the 65 East University project. WHEREAS, all parties involved with this project and the specific persons nominated for this committee have meet about this project on November 17, 2016: and, THEREFORE, be it resolved, to approve and ratify the appoin nent of Dan Hunter, Oakland County BRA along with Deidre Waterman, Mayor City of Pontiac to serve on the 65 East University project committee. Yeas- Wilson, Lerrniniaux, Hunter, Williams Nays- Abstained- Trigger T 67( Dan Hunter Secretary, Oakland County Brownfield Redevelopment Authority CITY OF PONTIAC, MICHIGAN BROWNFIELD REDEVELOPMENT AUTHORITY BROWNFIELD PLAN FOR: Pontiac East Gateway Redevelopment Project 65 East University Drive, Pontiac, Michigan Oakland County Brownfield Redevelopment Authority Prepared on behalf of George W. Auch Company by: SME, 43980 Plymouth Oaks Boulevard, Plymouth, Michigan 48170 November 21, 2016 0 2016 SME TABLE OF CONTENTS I. INTRODUCTION A. PLAN PURPOSE 1 B. PROPERTY DESCRIPTION 1 C. BASIS OF ELIGIBILITY AND BROWNFIELD CONDITIONS 2 D. PROJECT DESCRIPTION II. GENERAL DEFINITIONS AS USED IN THIS PLAN 3 III. BROWNFIELD PLAN 3 A. DESCRIPTION OF COSTS TO BE PAID WITH TAX INCREMENT REVENUES AND SUMMARY OF ELIGIBLE ACTIVITIES 3 B. ESTIMATE OF CAPTURED TAXABLE VALUE AND TAX INCREMENT REVENUES 4 C METHOD OF FINANCING PLAN COSTS AND DESCRIPTION OF ADVANCES BY THE MUNICIPALITY 4 D. MAXIMUM AMOUNT OF NOTE OR BONDED INDEBTEDNESS 4 E. DURATION OF BROWNFIELD PLAN 4 F. ESTIMATED IMPACT OF TAX INCREMENT FINANCING ON REVENUES OF TAXING JURISDICTIONS 5 G. LEGAL DESCRIPTION, PROPERTY MAP, PROPERTY CHARACTERISTICS AND PERSONAL PROPERTY 5 H. ESTIMATES OF RESIDENTS AND DISPLACEMENT OF FAMILIES 5 I. PLAN FOR RELOCATION OF DISPLACED PERSONS 5 J. PROVISIONS FOR RELOCATION COSTS 5 K. STRATEGY FOR COMPLIANCE WITH MICHIGAN'S RELOCATION ASSISTANCE LAW 5 L. DESCRIPTION OF THE PROPOSED USE OF LOCAL PROPERTY REM EDIATION REVOLVING FUND (LSRRF) 5 M. OTHER MATERIAL THAT THE AUTHORITY OR GOVERNING BODY CONSIDERS PERTINENT 5 © 2016 SME 073735.00+112116+AHQBP APPENDIX A ELIGIBLE ACTIVITIES COST SCHEDULE APPENDIX B SUMMARY OF TAX INCREMENT FINANCING AND REIMBURSEMENT OF ELIGIBLE ACTIVITIES APPENDIX C LEGAL DESCRIPTION DESCRIBED IN SECTION 111(G) OF THIS PLAN APPENDIX D PARCEL MAP PROJECT CONCEPTUAL DRAWINGS © 2016 WE 073735,00+112116-+AHQBP II I. INTRODUCTION A. PLAN PURPOSE The Oakland County Brownfield Redevelopment Authority (OCBRA), duly established by resolution of the Oakland County Board of Commission, pursuant to the Brownfield Redevelopment Financing Act, Michigan Public Act 381 of 1996, MCLA 125.2651 et. Seq., as amended (Act 381), is authorized to exercise its powers within the limits of Oakland County. The purpose of this Brownfield Plan (the "Plan"), to be implemented by the OCBRA, is to satisfy the requirements of Act 381 for including the eligible property described below, designated as 65 East University Drive, Pontiac, Michigan (the "Property"), in the Plan. This Plan is submitted by the George W. Auch Company ("Auch") to create a development involving the construction of up to two buildings and greenspace. It is intended to be a living document, which may be modified or amended in accordance with the requirements of the Act, as necessary to achieve the purposes of the Act. The applicable sections of the Act are noted throughout the Plan for reference purposes. This Plan contains information required by Section 13 (1) of the Act. A primary purpose of the Plan is to promote and support the revitalization, redevelopment and reuse of contaminated and contiguous property in downtown Pontiac, described below, and which qualifies as Eligible Property under the Act (the "Eligible Property"). The Plan also is intended to satisfy the requirements of the Act for inclusion of the Eligible Property in the Plan. The development project within the Eligible Property is known as the Pontiac East Gateway Redevelopment Project (the "Project"). The basis of eligibility under the Act is summarized in Section 1(B) and Section 1(C). This Plan will allow the OCBRA to capture incremental taxes on the Eligible Property and reimburse Auch for the costs of Eligible Activities, as defined under the Act, including environmental and non-environmental activities required to prepare the Eligible Property for redevelopment and reuse (see Section 111). The success of the Project depends on the support and approval of the local and state brownfield redevelopment incentives by the OCBRA, the Michigan Department of Environmental Quality ("MDEQ"), the Michigan Economic Growth Authority ("MEDC") and the Michigan Strategic Fund ("MSF"). B. PROPERTY DESCRIPTION The Property consists of three parcels occupying approximately 3.66 acres in the City of Pontiac as shown in Figure 1, Appendix D. The tax parcel numbers, associated addresses, parcel sizes, taxable value, and basis of eligibility under the Act are summarized on the tables presented below. The parcels that comprise the Eligible Property are currently vacant land covered with asphalt, concrete, and portions of a former building floor pad. The parcels are currently zoned C-3 for Corridor Commercial. The legal description of the Eligible Property is included in Appendix C. © 2016 SME 073735.00+112116+AHQBP 1 14-29-284-007 Vacant (no address 0.094 14-29-284-008 Vacant (no address 0.142 Totals Parcel 1E) Address(es) 14-29-428-002 65 University Drive 2016 Taxable Value $13,440 $2,340 $4,660 • $2151440 Basis of Eligibility Facility Facility Parce ize (Acres) 3.427 PARCEL DETAILS PROPERTY TOTALS PROPERTY SIZE = 3.66 ACRES INITIAL TAXABLE VALUE (2016) = $20,330 C. BASIS OF ELIGIBILITY AND BROWNFIELD CONDITIONS The Eligible Property qualifies for inclusion in this Plan in accordance with MCL 125.2652(n) because the Eligible Property is located in the City of Pontiac, a qualified local governmental unit, and because its individual parcels are considered either a "facility" as defined by 1994 P.A. 451. The individual parcel eligibility criterion is summarized in Section 1(B). D. PROJECT DESCRIPTION Auch has strong ties to southeast Michigan, specifically to the city of Detroit and Pontiac. Auch was originally founded in 1908 in Detroit, Michigan. In the 1980s, Auch moved their headquarters to the City of Pontiac. Auch had a front row seat to the booming prosperities of these two cities and the following periods of economic decline. As a result of planting their roots in the region and blossoming in the City of Pontiac, Ruch would like to do their part in contributing to the revival of a once thriving City. This Project is representative of Auch's passion for the revitalization of the City of Pontiac. This project will transform a neglected, underutilized property in a challenged portion of the City into the new eastern gateway into downtown Pontiac in a manner that symbolizes the City's rebirth and renewal. Preliminary project renderings are provided in Appendix D. Auch intends on transforming the Property into a place that serves as their new, two-story, 20,000 square-foot headquarters on the eastern portion of the Property surrounded by over 3 1/2 acres of open urban meadow and green space. Auch's headquarters will provide them with a 21st Century work space in the heart of downtown Pontiac, with walkable access to many urban amenities. The new building will help Auch provide a second century of service to Pontiac and the rest of Michigan and help them continue to attract and retain top talent in an increasingly competitive talent war where talent demands a work environment with an exciting urban experience. The green space and urban meadow will provide Auch employees with a natural and relaxing amenity on-site and be integrated into the overall site storm water management system, with additional ecological benefits related to reduced runoff and creation of flora and fauna habitat. The green space and urban meadow concept will also have the benefit of creating a strong visual symbol of Pontiac's renewal and rejuvenation, right at the eastern entrance to downtown. Auch is also interested in exploring ways to provide access to the City for use of the greenspace during special ceremonies and events. Finally, Auch understands the potential value of a long-term redevelopment plan which could potentially include construction of a second, mixed-use building on the Property which may include future office, retail, and/or residential use. Auch's goal with the second building is to provide a modern, move-in ready space to either draw new business to the City of Pontic or give current Pontiac-based businesses a place to grow their business. 0 2016 SME 073735,00+112116+AHQBP 2 The success of the Project is important to Auch. Investing in and redeveloping the City supports Auch's long-term commitment to the City by creating a modern office space, new greenspace and potentially additional office/retail/residential space all within walking distance of the heart of the City. As Auch continues to grow, the new headquarters will provide space to accommodate its employees and bring employment to the City. This Project will rejuvenate the City's tax base and bring to the downtown jobs, modernized greenspace, and move-in ready retail, office, and/or residential space. II. GENERAL DEFINITIONS AS USED IN THIS PLAN All words or phrases not defined herein shall have the same meaning as such words and phrases included in Act 381. III. BROWNFIELD PLAN A. DESCRIPTION OF COSTS TO BE PAID WITH TAX INCREMENT REVENUES AND SUMMARY OF ELIGIBLE ACTIVITIES Auch will be reimbursed for the costs of eligible non-environmental and environmental activities necessary to prepare the Property for redevelopment. The costs of Eligible Activities included in, and authorized by, this Plan will be reimbursed with incremental local and school operating tax revenues generated by the Eligible Property after redevelopment and captured by the OCBRA, subject to any limitations and conditions described in this Plan, approvals of the Michigan Department of Environmental Quality (MDEQ) and Michigan Economic Development Corporation (MEDC) for school operating tax capture, and the terms of a Reimbursement Agreement between Auch and the OCBRA (the "Reimbursement Agreement"). The OCBRA is anticipated to collect incremental local taxes for administrative expenses for this Plan. No personal property taxes are projected to be captured by this Plan at this time, but if incremental personal property taxes are generated by this Plan in the future, they will be captured by the OCBRA. At this time, the eligible activities are expected to include site preparation, public infrastructure improvements, BEA activities, due care planning activities, additional response activities, and the preparation of this Plan and an Act 381 Work Plan. The public infrastructure improvements will include improvements to the surrounding streets, curbs, public utilities, and sidewalks, and creation of over 2 1,4 acres of greenspace. The estimated total cost of environmental and non-environmental activities eligible for reimbursement from tax increment revenues is $3,641,000. The Eligible Activities are summarized in Table 1 in Appendix A. The costs of environmental and non-environmental activities eligible for reimbursement are estimated and may increase or decrease depending on the nature and extent of known and unknown conditions encountered. The OCBRA shall be governed by the terms of the Reimbursement Agreements for Auch. The Auch will be in first position for reimbursement. 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 Section 2 of Act 381 of 1996, as amended (MCL 125,2652). The Reimbursement Agreement and this Plan will dictate the total cost of eligible activities subject to payment. As long as the total cost limit described in this Plan is not exceeded, line item categories and costs of eligible activities may be adjusted after the date this Plan, to the extent the adjustments do not violate the terms of Act 381. © 2016 SME 073735,00+112116-I-MOP 3 B. ESTIMATE OF CAPTURED TAXABLE VALUE AND TAX INCREMENT REVENUES The aggregated 2016 taxable value of the Property is reported by the City as $20,440, based on the values established on 12/31/2015. The projections within this plan use that value as the initial taxable value. The anticipated taxable value at project completion (estimated in 2020) is $2,300,000 based on preliminary estimates. The actual taxable value will be determined by the City and County Assessor. Estimated taxable values, tax increment revenues to be captured, impacts on taxing jurisdictions, and eligible activities reimbursement cash flows are presented in Table 2 (Appendix B). The actual annual incremental taxable value and captured tax increment revenue will be determined by the City and County. The actual increased taxable value of the land and all future taxable improvements on the Property may vary. This Plan assumes the BRA will obtain a tax increment revenue pass-through agreement with the City of Pontiac Tax Increment Finance Authority (TIFA) for the project and the BRA will capture the available tax increment revenues. It is the intent of this Plan to provide for the proportional capture of all eligible tax increments in whatever amounts and in whatever years they become available until all eligible costs described in the Plan are paid or 30 years, whichever is shorter. If the MDEQ and MEDC elect not to participate in this Project, the portion of capture related to their proportionate share will be assumed by, made whole by, and become the responsibility of the other taxing entities to the extent allowed by Act 381. C. METHOD OF FINANCING PLAN COSTS AND DESCRIPTION OF ADVANCES BY THE MUNICIPALITY Auch is ultimately responsible for financing the costs of eligible activities included in this Plan. Neither the OCBRA nor the City of Pontiac will advance any funds to finance the eligible activities. All Plan financing commitments and activities and cost 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 is intended to authorize the OCBRA to fund such reimbursements. 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 the Plan, will be provided solely under the Reimbursement Agreement. Reimbursements under the Reimbursement Agreements shall not exceed the cost of Eligible Activities and reimbursement limits described in this Plan, unless it is further amended. D. MAXIMUM AMOUNT OF NOTE OR BONDED INDEBTEDNESS Not applicable to this Plan. E. DURATION OF BROWN FIELD PLAN The duration of this Brownfield Plan for the Property shall not exceed the shorter of the following: • Reimbursement of all eligible costs (cumulatively not to exceed $3,641,000) reimbursement of OCBRA administrative operating expenses ($5,000 per year), as described in this Plan, or • 30 years tax capture after the first year of tax capture under this Plan. The date for beginning tax capture shall be 2018, unless otherwise amended by the OCBRA. 0 2016 SME 073735,00+112116+AHQBP 4 F. ESTIMATED IMPACT OF TAX INCREMENT FINANCING ON REVENUES OF TAXING JURISDICTIONS Incremental local and state tax revenues generated by the Project will be captured by the OCBRA until all incurred costs for Eligible Activities are reimbursed or when the Plan terminates at the maximum of 30- years of capture, whichever first occurs. The impact of the OCBRA incremental tax capture on local taxing authorities is presented in Table 2 (Appendix B). G. LEGAL DESCRIPTION, PROPERTY MAP, PROPERTY CHARACTERISTICS AND PERSONAL PROPERTY The property is composed of three parcels (14-29-428-002, 14-29-284-007, and 14-29-284-008) having a total area of 3.66 acres. The legal description of the Property is included in Appendix C. A map of the Property and their basis of eligibility is included in Appendix D. H. ESTIMATES OF RESIDENTS AND DISPLACEMENT OF FAMILIES No occupied residential areas are within the Project, no persons reside within the Project, and no families or individuals will be displaced as a result of this Project. Therefore, a demographic survey and information regarding housing in the community are not applicable and are not needed for this Plan. I. PLAN FOR RELOCATION OF DISPLACED PERSONS No persons will be displaced as a result of this development; therefore, a Plan for relocation of displaced persons is not applicable and is not needed for this Plan. J. PROVISIONS FOR RELOCATION COSTS No persons will be displaced as result of this development and no relocation costs will be incurred; therefore, provision for relocation costs is not applicable and is not needed for this Plan. K. STRATEGY FOR COMPLIANCE WITH MICHIGAN'S RELOCATION ASSISTANCE LAW No persons will be displaced as result of this development; therefore, no relocation assistance strategy is needed for this Plan. L. DESCRIPTION OF THE PROPOSED USE OF LOCAL PROPERTY REMEDIATION REVOLVING FUND (LSRRF) No excess tax increment revenues will be captured by the OCBRA for funding of its LSRRF. M. OTHER MATERIAL THAT THE AUTHORITY OR GOVERNING BODY CONSIDERS PERTINENT There is no other material that the BRA or governing body considers pertinent. 2016 SW 073735.00+112116+AHQBP 5 APPENDIX A ELIGIBLE ACTIVITIES COST SCHEDULE © 2016 SME Table 1 Brownfield Eligible Activities Cost Summary Proposed Auch HQ Pontiac, Michigan S M OTAL 11ESTIMATED ELIGIBLE COSTS .47E, 73,500 , O7,73 ,733 827 ELIGIBLE COST INCREMENTAL TAX CAPTURE Contingency (15%) NON-ENVIRONMENTAL TOTAL BEA Activities Non-Environmental Subtotal 30,000 $ 15,714 $ 14,286 NON-ENVIRONMENTAL COSTS Demolition Site Preperation Public Infrastructure Improvements Due Care Planning Activities 60,000 31,428 $ 28,572 Additional Response Activities 400,000 $ 209,522 $ 190,478 Brownfield Plan and Work Plan 15,000 $ 7,857 $ 7,143 505,000 Notes: (1) Lump sum cost estimates are based on preliminary project estimates. (2) Local and state school tax capture ratios are based on millages presented on Table 2. APPENDIX B SUMMARY OF TAX INCREMENT FINANCING AND REIMBURSEMENT OF ELIGIBLE ACTIVITIES © 2016 SME Page 1 of 2 Table 2 - Impact to Taxing Jurisdictions Summary Proposed Auch HQ Pontiac, Michigan Y1 2019 Y2 2020 • Y3 $ 2,301,130 2021 Y4 $ 2,324,141 2022 Y5 $ 2,347,353 2025 . 1'6 $ 2,370,857 2024 Y7 $ 2394,565 2026 ys. $ 2,418,511 2026 Ye $ 2442696 2027 1/10 $ 2467,123 2028 Y11 $ 2,491,794 202s Y12 $ 2,516,712 2030 Y13 $ 2,641,879 2031 ' Y14 $ 2,567,298 2532 al'15 $ 2,592,971 Initial Taxable Value Taxable Value after Improvement° 20,440 $ 1,306,000 $ 1,313,000 Total Capturable Taxable Value $ 1,279,560 $ 1,292,560 $ 2,280,690 $ 2303,701 $ 2326,943 $ 2,350,417 $ 2,374,126 $ 2,398,071 $ 2422,256 $ 2,446,683 $ 2,471,354 $ 2,496,272 $ 2,521,439 $ 2,546,858 $ 2572,531 State Taxes - Millanes (1313A not captured' State Education Tax {SET) 60000 $ 7,677 $ 7,755 $ 13,684 $ 13,822 $ 13,952 $ 14,103 $ 14,245 $ 14,388 $ 14,534 $ 14,680 $ 14,828 $ 14,978 $ 15,129 $ 15,281 $ 15,435 School Operating 16. 0000 $ 23,032 5 23,256 $ 41,052 $ 41,457 $ 41,865 $ 42,308 3 42,734 3 43,165 $ 43,601 $ 44,040 $ 44,484 $ 44,933 $ 45,386 $ 45,843 $ 46605 Total State Millages AvalLable for Capture by BRA 24.0000 $ 30,709 $ 31,021 $ 54,736 $ 55,289 $ 55,847 $ 56,411 $ 66,974 $ 57,553 $ 58,135 $ 58,720 $ 59,312 $ 59,911 $ e0,$15 $ 61,124 $ 61,741 Local Taxes - Millacies MBA. pass-through County Operating 4.0400 $ 5,169 $ 5,222 $ 9,214 $ 9,327 $ 9,401 $ 9,496 $ 9,591 3 9,688 $ 9,786 $ 9,885 $ 9,984 $ 10,085 $ 10,187 $ 10,289 $ 10,393 Oakland Intermediate Schools 3,3398 $ 4,273 $ 4,317 $ 7,617 $ 7,694 $ 7,772 $ 7,850 $ 7,929 3 8,009 $ 5090 $ 8,171 $ 8,254 $ 8,337 $ 8,421 $ 550e $ 8,692 Oakland County Community College 1.5707 $ 2,010 $ 2030 $ 6582 $ 3,618 $ 3,655 $ 3,692 $ 3,729 $ 3,767 $ 3 805 $ 3,843 $ 6882 $ 3,921 $ 3,950 $ 4,202 $ 4,041 City of Pontiac Operating 11.2737 $ 14,425 $ 14,672 $ 25,712 $ 25,971 $ 26,233 3 26,495 $ 26,766 $ 27,035 $ 27,308 $ 27,583 $ 27,861 $ 28,142 $ 28,426 $ 25713 $ 29,002 Capital Improvement 1,4091 $ 1,803 $ 1,821 $ 6214 $ 3,246 $ 3,279 $ 3,312 $ 3,345 $ 3,379 $ 6413 $ 3,448 $ 6482 $ 3617 $ 3,553 $ 6589 $ 3,625 Sanitation 2_8183 $ 3,606 $ 3,643 $ 6,428 $ 6,493 $ 6,558 $ 6,624 $ 6,691 $ 6,758 $ 6827 $ 6,895 $ 6965 $ 7,035 $ 7,106 $ 7,178 $ 7,250 Senors Services 0.5000 $ 640 $ 646 $ 1,149 $ 1,152 $ 1,163 $ 1,175 $ 1,187 $ 1,199 $ 1,211 $ 1,223 $ 1,236 $ 1,248 $ 1,251 $ 1,273 $ 1,285 County Parks and Roc 0,2392 $ 306 5 309 $ 646 $ 551 $ 557 $ 562 $ 568 $ 574 $ 579 $ 585 $ 591 $ 597 $ 503 $ 609 $ 615 FICMA 02146 $ 275 $ 277 $ 489 $ 424 $ 499 $ 504 $ 509 $ 515 $ 520 $ 525 $ 530 $ 536 $ 541 $ 547 $ 552 OCPTA 0.9941 $ 1,272 $ 1,285 $ 2,267 $ 2,290 $ 2,313 $ 2,337 $ 2,360 $ 2,384 $ 2,408 $ 2,432 $ 2,457 $ 2,482 $ 2,507 $ 2,532 $ 2,557 Subtotal - 25.3995 $ 33,779 $ 34,122 $ 80,209 $ 60,816 $ 61,430 $ 62,050 $ 62,674 $ 63,308 $ 63,947 $ 54,590 $ 65,242 $ 65,900 $ 66,555 $ 67,236 $ 67,913 Total Local Millages Available for Capture by BRA 26.3995 $ 33,779 $ 34,122 $ 60,209 $ 50,816 $ 61,430 $ 62,050 $ 62,674 $ 63,30E1 $ 63,947 $ 64,590 $ 65,242 $ 66,900 $ 66,565 $ 67,236 $ 87,913 Total Tax Available for Capture by BRA (Local 4- State Millages) 50.3995 $ 64,488 $ 85,143 $ 114,945 $ 116,105 $ 117,277 $ 118,461 $ 119,653 $ 120,861 $ 122,082 $ 123,310 $ 124 554 $ 125,811 $ 127,050 $ 12836O $ 129,654 BRA administrative fund (local orgy - $5,000/year) $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 5 5,000 $ 6,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,020 $ 6000 $ 5,000 BRA LSRRF {$0/year) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ _ State Revolving Fund (3 nil is) $ 6839 $ 3,878 $ 6,842 $ 6,911 $ 6,981 $ 7,012 $ 7,123 $ 7,194 $ 7,267 $ 7,340 $ 7,414 $ 7,485 $ 7,555 $ 7,541 $ 7,7113 Annual State Increment Available for Capture $ 25,870 $ 27,143 $ 47,894 $ 48,378 $ 48,856 $ 49,359 $ 49,856 $ 50,359 $ 56868 $ 51,380 $ 61,598 $ 52,422 $ 52,950 $ 53,483 $ 54,023 Annual Local Increment Available for Capture $ 28,779 $ 29,122 $ 56209 $ 66,816 $ 56,430 $ 57,050 $ 57,674 5 58,308 $ 65947 $ 59,690 $ 66242 $ 60,900 $ 61,555 $ 62,236 $ 52,913 Total Combined Annual Capturem $ 55,649 $ 56,265 $ 103,103 $ 104,194 $ 105,296 $ 106,409 $ 107,530 $ 108,667 $ 109,815 $ 110,970 $ 112,140 $ 113,322 $ 114,515 $ 115,719 $ 116,936 Non-Environmental Costs State Tax Reimbursement $ 22,601 $ 22,830 $ 40,284 $ 40,691 $ 41,102 $ 41,517 $ 41,935 $ 42,358 $ 42,786 $ 43,216 $ 46652 $ 44,093 $ 44,537 $ 44,985 $ 45,440 Unreimbursed Non-Environmental Costs (State portion) $ 1,458,348 $ 1,435,747 $ 1,412,917 $ 1,372633 $ 1,331,942 $ 1,290,840 $ 1,249,323 $ 1,207,388 $ 1,185,030 $ 1,122,244 $ 1,079,028 $ 1,036376 $ 991,283 $ 945,746 $ 901,761 $ . 856,321 Local Tax Reimbursement $ 24,205 $ 24,495 5 46,437 $ 46,948 $ 47,464 $ 47,986 $ 48,510 $ 49,044 3 49,581 $ 50,122 $ 56670 $ 51,224 $ 51,783 $ 52,348 $ 52,917 nreimbursed Non-Environmental Costs (Local portion) $ 1604,152 $ 1,579,946 $ 1,555,451 $ 1,609614 $ 1,462,056 $ 1,414,602 $ 1,356,616 $ 1,318,106 $ 1,259,062 $ 1,219,481 $ 1,169,359 $ 1,118,689 $ 1,057,465 $ 1 015,652 $ 966334 $ 910,417 Unreimbursed Non-Environmental Costs $ 3,1262,500 $ 3,015,693 $ 2,968,368 $ 2,881,647 $ 2,794,008 $ 2j05,442 $ 2,615,939 $ 2,525,494 $ 2,434,092 $ 2,341,725 $ 2,248,387 $ 2,154,065 $ 2,058,748 $ 1,962,428 $ 1,865,095 $ 1,766,738 Environmental Costs State Tax Reimbursement $ 4,269 $ 4,313 $ 7,610 $ 7,687 $ 7,764 $ 7,842 $ 7,921 $ 8,001 $ 8,082 $ 8,164 $ 8,246 $ 8,329 $ 6413 $ 8,495 $ 8,583 nreirnbursed Environmental Costs (State portion) $ 275,479 $ 271,210 $ 265897 $ 259,287 $ 251,600 $ 243,836 $ 235,994 $ 228,073 $ 220,072 $ 211,990 $ 203,826 $ 195,580 $ 187,251 $ 176838 $ 170,340 $ 161,757 anal Tax Reimbursement $ 4,573 3 4,627 $ 8,772 $ 8,868 $ 5966 $ 9624 $ 9,164 $ 9,264 $ 9,366 $ 9,468 $ 9,572 $ 9,676 $ 9,782 $ 9,888 $ 9,996 nreimbursed Environmental Costs (Local portion) $ 303,021 $ 298,448 $ 296821 $ 286,049 $ 276,1131 $ 267,215 5 258,151 $ 248,987 $ 239,723 $ 230,357 $ 220,889 $ 211,317 $ 201,641 $ 191,859 $ 181,971 $ 171,975 Unreimbursed Environmental Costs $ 578,500 $ 569,658 $ 560,718 $ 544,336 4 527,781 $ 511,051 $ 494,140 $ 477,060 $ 459,795 $ 442,347 $ 424,715 4 409,897 $ 350,892 $ 370,697 $ 352,311 $ 333,732 Local Site RemediatIon Revolving Fund (1_,SRRF) Ca. ure $ - $ - $ $ - $ $ - $ $ $ - . $ - $ - $ - $ - $ - $ - Annial Reimbursernent for Eligible Activities . 55,649 $ 56,265 $ . 103,103 rt-.4'*-104,194A$ .:igi 05,296 $ 106,4 9 $ 107,530 $ 108,667 $ 109,815 $ 110,970 $ 112,140 $ 113,322 $ 114,515 $ 115,719 $ 116,936 Table 2 Impact to Taxing Jurisdictions Summary Proposed Audi HQ Pontiac, Michigan 2033 Via 2014 Y17 2035 Y18 2036 - Y10 2037 'Y20 $ 2,725,23 1038 Y21 $ 2752,491 2039 Y22 $ 2,780,016 2040 47423 $ 2,807,816 . 2041 Y24 $ 2,535,894 . 2042 Y26 $ Z864,253 . 2043 - - Y26 $ 2,892,895 • 2044 Y27 $ 2,921,824 2046' . Y28 $ Z951,043 2046 Y29 $ Z980,553 Y30 $ 3,010,359 TOTALS Initial Taxable Value Taxable Value after Irri • rovement(1) $ 2,618,901 $ 2,646090 $ 20971,540 $ 2,698256 Total Ca .iturabte Taxable Value $ 2598,461 $ 2,624,660 $ 2,661,100 $ 2677,816 $ 2,704,728 $ 2,732,061 $ 2,769576 $ 2,787,376 $ 2,815 454 $ 2,843813 $ 2,872,466 $ 2,901,384 $ 2,930,603 $ 2,960,113 $ 2,969,919 State Taxes - Minutes InDA not captured) State Education Tax (SET) $ 15,591 $ 15,748 $ 15,907 $ 16,067 $ 16,229 $ 16,392 $ 16,557 $ 16,724 5 16,893 $ 17,063 $ 17,235 $ 17,408 $ 17,584 $ 17,761 $ 17,940 455,60D ' School 0.eratin• $ 45,772 $ 47 244 $ 47,720 $ 48,201 $ 48,6136 5 49,177 $ 49,672 $ 50,173 $ 50,578 $ 51,189 5 51,704 $ 52,225 $ 52751 $ 53,282 $ 53,619 S 1,:366,795 BRA $ 62 363 $ 62,992 $ 63,627 $ 64 268 $ 64,915 $ 65,569 $ 66,229 $ 66,897 $ 67 571 $ 68 252 $ 65 939 $ 69,533 $ 76,335 $ 71,043 $ 71,759 1,822,395 . Local Taxes - Millages CODA pass-throuqh)(2) County Operating $ 10,498 $ 10,604 $ 10,710 $ 10,818 $ 10,927 $ 11,037 $ 11,149 $ 11,261 $ 11,374 $ 11,489 $ 11605 $ 11,722 $ 11,840 $ 11,959 $ 12, 079 y 506,769 Oakland Intermediate Schools $ 8,678 $ 8,756 $ 8,854 5 8,943 $ 9 033 $ 9,125 $ 9,216 $ 9,309 5 9A03 $ 9,498 $ 9,593 $ 9,690 $ 9,788 3 9,886 $ 9,986 5 253,800 Oakland County Community College $ 4,081 $ 4,123 $ 4,164 $ 4,206 $ 4,248 $ 4 291 $ 4,334 $ 4,378 $ 4 422 $ 4,467 $ 4,512 $ 4,557 $ 4,603 3 4,649 $ 4,596 119;266 City of Pontiac Operating $ 29,294 $ 29,590 $ 29,888 $ 30,189 $ 30,493 5 30,800 $ 31,111 $ 31,424 $ 31,741 $ 32,060 $ 32,383 $ 32,709 $ 33,039 $ 33,371 $ 33,707 $ 8::i6,046 : Capital Improvement 5 3,691 $ 3,698 $ 3,736 5 3,773 $ 3,811 $ 3,850 $ 3,889 $ 3,928 $ 3,967 $ 4,907 $ 4,048 5 4,088 $ 4,130 5 4,171 $ 4,213 $ 106.996 Sanitation $ 7,323 $ 7,397 $ 7,472 $ 7,547 $ 7,623 $ 7,700 $ 7,777 $ 7,856 $ 7,036 $ 0,015 $ 8,095 $ 8,177 $ 8,259 5 8,342 $ 8,426 214.001 ' Seniors Services $ 1,299 $ 1,312 $ 1,326 5 1,339 $ 1,352 $ 1,306 3 1,380 $ 1,394 $ 1A08 $ 1,422 $ 1,436 $ 1,451 $ 1,455 $ 1,480 $ 1,495 $ 37,965 . County Parks and Rec $ 622 $ 628 $ 634 5 541 $ 647 $ ' 654 3 660 $ 667 $ 673 $ 680 $ 587 5 694 $ 701 $ 708 $ 715 5 '16,163 l HCMA $ 558 $ 553 $ 599 5 575 $ 580 $ 586 3 592 $ 598 $ 604 $ 610 $ 616 $ 623 $ 629 $ 635 $ 642 $ 19 OCPTA 5 2,583 $ 2,609 $ 2,635 5 2,652 $ 2,609 $ 2,716 3 2 743 $ 2,771 $ 2,799 $ 2827 $ 2,856 $ 2 884 3 2,913 $ 2 943 $ 2,972 $ 75485 : Subtotal - 3 66597 $ 69 290 $ 69,988 $ 70,693 $ 71A03 $ 72 125 $ 72,651 $ 73,586 $ 74,326 $ 76 075 $ 75 631 $ 76 595 $ 77 367 $ 76,144 $ 78 931 2.004,683 BRA $ 68 597 $ 69,290 $ 69,988 $ 70 693 $ 71 403 $ 72,125 $ 72,851 $ 73,686 $ 74,326 $ 75,075 $ 75,831 $ 76,595 $ 77,367 $ 78,144 $ 78,931 2.004.583'. Total Tax Available for CaJture b BRA Local ÷ State Milla.os $ 130 960 $ 132282 $ 133,615 $ 134 961 $ 136 M8 $ 137,694 $ 139,080 $ 140,483 $ 141 897 $ 143,327 $ 144,770 $ 146,228 $ 147,702 3 149,187 $ 159,690 $ 3,826,978 ; , BRA administrative fund (local only - $5, 000/Year) $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ 5,000 3 5,000 $ 5,000 $ 6000 5 6000 $ 5,000 $ 5,000 3 5,000 $ 5,090 $ 5,000 s 15%000 ' BRA LSRRF ($0/year) $ - $ - $ - $ - $ - $ - 3 - $ - $ - $ - $ - $ - $ - $ - $ - State Revolvimi Fund 3 mills $ 7,796 $ 7 874 $ 7,954 5 8,034 $ 8,115 $ 8 196 3 8279 $ 8,362 $ 8,447 $ 8,532 $ - $ - $ - $ - $ - 183 843 _ Annual State Increment Available for Capture 54,567 $ 55,118 $ 55,673 $ 56,234 $ 56,800 $ 57,373 5 57,950 $ 58,636 $ 59,124 $ 56720 $ 68,939 $ 69,633 3 70,335 $ 71,043 $ 71,759 Annual Local Increment Available for Ca lure 9 63,597 $ 64,290 $ 64,988 $ 65,693 $ 66,403 $ 67,125 3 67,551 $ 68 586 $ 39,326 $ 70,075 $ 70831 $ 71,595 3 72,357 $ 73,144 $ 73,931 T.t•I C. i. . A. n I C.. ir $ 118 164 $ 119,408 $ 120,661 $ 121 927 $ 123,203 $ 124,498 $ 125,801 $ 127 121 $ 128 450 $ 129,795 $ 139,770 $ 141,228 $ 142,702 $ 144,187 $ 146,690 3493,136 • .. Non -Environmental Costs State Tax Reimbursement_ $ 45,897 $ 46,361 $ 43,827 5 47,299 $ 47,775 $ 48,257 $ 48,743 $ 49,235 $ 46730 $ 5o,2s1 $ 57,986 $ 58,569 3 50,130 $ 59,755 $ 60358 1 378,210 • Unrmrnbursed Nor Envircnmental Costs (State portion) 3 519,424 $ 764,063 $ 717,236 $ 659,937 $ 622 162 $ 573,905 5 525,162 $ 475,927 $ 426197 3 376966 $ 317,900 $ 259,411 3 200,251 $ 140,496 $ 80,138 Local Tax Reimbursement 3 53,492 $ 54,075 $ 54,662 $ 55 255 $ 55,853 $ 56,460 3 57,971 $ 57,989 $ 56311 5 56941 $ 59,577 $ 50,220 3 60,859 $ 61,523 $ 31,598 S 1 629 331 . Unreirnbursed Nor Environments Costs Local . argon $ 856925 $ 802,850 $ 748,188 $ 692,933 $ 637,080 $ 580,620 5 523,549 $ 465,860 $ 407,549 5 346600 $ 289,031 $ 228,811 3 167,942 $ 106,419 $ 74821 Unreimbursed Non Environmental Costs $ 1667349 $ 1,566,913 $ 1465,424 $ 1,362 870 $ 1,259 242 $ 1,164,626 $ 1,04%711 $ 941 787 $ 833 746 $ 724,574 $ 607,011 $ 488,222 $ 368,193 $ 246,916 $ 154 969 164,959 . Environmental Costs , State Tax Reimbursement $ 6670 $ 6757 $ 6846 $ 8,935 5 9,025 5 9,116 $ 9207 $ 9,300 $ 6394 $ 6489 $ 10,953 $ 11,084 $ 11,175 $ 11,288 $ 11,401 260 342 ' Unreimbursed Environmental Costs (State portion) $ 156 097 $ 144,330 $ 136484 $ 126,549 5 117,524 5 108,468 $ 99,201 5 89,901 5 80,507 $ 71,010 $ 60,065 $ 49,001 $ 37,826 $ 26,538 $ 16137 Local Tax Reimbursement $ 16105 $ 1E215 5 16326 $ 16 439 $ 10,650 $ 16,605 $ 10,780 $ 10,897 $ 11615 $ 11,134 $ 11,254 $ 11,375 $ 11,498 $ 11,621 $ 4,186 5 287,105 ! Unreimbursed Environmental Costs Local .orlion $ 161,870 $ 151,655 $ 141,329 $ 130,891 $ 120 341 $ 109,676 $ 98,896 $ 87,999 $ 76,984 $ 65,850 $ 54,596 $ 43,221 3 31,723 3 20,102 $ 16916 unreimbursed Environmental costs $ 314,957 $ 295 985 $ 276 813 $ 257 440 $ 237,865 $ 218,084 $ 198,097 $ 177 900 $ 157491 $ 136 868 $ 114,661 $ 92,222 $ 69 649 $ 46 640 $ 31,053 31,063 ' Local Site Remediation Revolving Fund (LSRRF) Capture $ - $ - $ - $ - $ - $ $ - $ - $ - $ - $ - $ - $ - $ - $ - $ Annual Reimbursement for El igibeeAaivities $ 118,164 $ 119,408 $ 120,681 $ 121,927 $ 123,203 124,498n$a 125,801 $ 127,121 128,450 $ 129,795 $ 139,770 1W141,228 $ 142,702 $ 144,187 $ 107,543 $ 3,454,988 Page 2 of 2 APPENDIX C LEGAL DESCRIPTION DESCRIBED IN SECTION III(G) OF THIS PLAN © 2016 SME LEGAL DESCRIPTION OF PROPERTY BOUNDARY All those tracts or parcels of land lying and being in the eastern quarter of Section 29, Township 3 North, Range 10 East, City of Pontiac, County of Oakland, State of Michigan, more particularly described as follows, to wit: That part of Lot 2 which lies West of U.S. Highway 10 (Wide Track Drive East) as opened, also all of Lots 3 through 7 inclusive, all of Lots 16 and 17, also Lots 8 through 15 inclusive except the West 10 feet of said lots as taken for the widening of Mill Street, all being part of "Assessor's Plat No. 121, a replat of part of Chamberlin's Addition, City of Pontiac, Oakland County, Michigan," as recorded in Liber 53 of Plats on Page 41, Oakland County Records. Being more particularly described as follows: Beginning at the Northeasterly corner of Mill Street (50 feet more or less in width) as widened and University Drive (formerly Mt. Clemens Street), said point of beginning being distant 10.24 feet Easterly as measured along the Southerly line of Lot 8 of said "Assessor's Plat No. 121," (L. 53, P. 41 Plats) from the Southwesterly corner of said Lot 8; running thence from said point of beginning North 15 degrees 22 minutes 50 seconds West along the Easterly line of said Mill Street as widened, through the interior of Lots 8 through 15 inclusive of said subdivision, said line being 10.00 feet Easterly of, as measured as right angles to and parallel to the Westerly line of said lots as platted, a measured distance of 380.89 feet (recorded as 381.04 feet per street widening) to an angle point on said Mill Street, said angle point being located in a North line of said Lot 15, and being distant 10.96 feet Easterly, as measured along the North line of said Lot 15, from the Northwesterly corner thereof; thence North 50 degrees 27 minutes 10 seconds East along Southerly line of said Mill Street (40 feet more or less in width at this point), said line being also the Northerly line of part of said Lot 15 and all of Lots 16 and 17 of said subdivision, a measured distance of 170.42 feet (recorded as 170,59 feet) to the Northeasterly corner of said Lot 17; thence South 64 degrees 20 minutes 26 seconds East along the Northeasterly line of said Lot 17, a measured distance of 80.57 feet (recorded as 80.70 feet) to the Southeasterly corner thereof; thence North 30 degrees 53 minutes 44 seconds East along the rear of part of Lot 4, Lot 3 and part of Lot 2 of said subdivision, a distance of 160.00 feet to a point in the Westerly line of U.S. Highway 10 (Wide Track Drive East) as opened through Lots 1 and 2 of said subdivision; thence along the Westerly right-of-way line of said U.S. Highway 10, by the following courses and distances: Southerly along the arc of a curve which is concave to the West, radius 553.11 feet, an arc distance of 162.95 feet to the end of said curve (chord bears South 36 degrees 17 minutes 12 seconds East 162.36 feet); thence South 26 degrees 51 minutes 04 seconds East a distance of 18.22 feet to a point; thence North 63 degrees 08 minutes 56 seconds East a distance of 5.00 feet to a point; thence South 26 degrees 51 minutes 04 seconds East a distance of 221.00 feet to a point; thence South 21 degrees 20 minutes 37 seconds West a distance of 39.75 feet to a point of intersection of said Westerly line of U.S. Highway 10 as opened, with the Northerly line University Drive, said point being distant 40 feet Westerly as measured along the Southerly line of said Lot 2 from the Southeasterly corner thereof; thence South 62 degrees 17 minutes 40 seconds West along the Northerly line of said University Drive, said line being also the Southerly line of part of Lot 2, Lots 3 through 7 inclusive and part of Lot 8, a measured distance of 426.34 feet (recorded as 426.39 feet) to the point of beginning. Subject to all recorded easements and rights-of-way. Commonly known as 65 University Drive, Pontiac, Michigan 48342 and comprising tax parcels 14-29-428-002, 14-29-284-007, and 14-29-284-008. APPENDIX D PARCEL MAP PROJECT CONCEPTUAL DRAWING 0 2016 SME PARCEL ID# ...14-29-284-007 44, •n•., PARCELID# 14-29-284-000 nm• I PARCEL ID# 14-29-428-002 APPROXIMATE PROPERTY BOUNDARY APPROXIMATE PARCEL BOUNDARY FACILITY ADJACENT OR CONTIGUOUS LEGEND GRAPHIC SCALE: 1" 100' NOTE: 1. DRAWING INFORMATION TAKEN FROM GOOGLE EARTH PRO WITH IMAGE DATE 4-11-2015 AND SITE RECONNAISSANCE. No. Revision Date Date Drawn By Designed By Scale Project 10-07-16 GM AT 10=100 073735.00 PROPERTY ELIGIBILITY DIAGRAM PROPOSED AUCH HEADQUARTERS SITE 65 EAST UNIVERSITY DRIVE PONTIAC, MICHIGAN www.sme-usa.core Figure No. I Oct 07, 2016-3:01pm - ISTANDRILA \\Srtie-incSpitWIPS073735.00tCADTWOStrev01073735,00-04.dtv0 • Phase 1 Stones • YU-20,000 SF • y Parking +/-, 46 Cars Futiiie Buiiding 2yStories •i /- 23,000 SF George Auch Company - Pontiac, Michigan Preliminary Brownfield Site Plan 01 101201 401 501 1001 200 10.10.2016 I George Auch Company - Pontiac, Michigan Preliminary Brownfield Site Plan -View from University Ave. 10.10.2016 2 STATE OF MICHIGAN COUNTY OF OAKLAND CITY OF PONTIAC RESOLUTION CONCURRING WITH THE PROVISIONS OF A BROVVNFIELD PLAN ADOPTED BY THE OAKLAND COUNTY BROWNFIELD REDEVELOPMENT AUTHORITY FOR THE 65 EAST UNIVERSITY PROJECT RECITATIONS: WHEREAS, the Oakland County Board of Commissioners, pursuant to and in accordance with the provisions of the Brownfield Redevelopment Financing Act, being Act 381 of the Public Acts of the State of Michigan of 1996, as amended (the "Act"), have established a Brownfield Redevqopment Authority and Board (OCBRA) to facilitate, the clean up and redevelopment of Brownfields within Oakland County's communities; and WHEREAS, the property located at 65 East University (Property), a former General Motors (GM) site in the City of Pontiac is an environmental hazard, a "facility' under state statute; and WHEREAS, a Brownfield clean up and redevelopment plan (the "Plan") has been prepared to restore the environmental and economic viability to this parcel which the OCBRA has reviewed and approved; and WHEREAS, pursuant to OCBRA by-laws, a local committee has been appointed, participated in discussions regarding the proposed plan and project, reviewed the plan, and recommends its approval; and WHEREAS, the OCBRA, pursuant to and in accordance with Section 13 of the Act, shall consider recommending that the Oakland County Board of Commissioners approve the Brownfield Plan to be carried out within the City of Pontiac, relating to the redevelopment of the 65 East University; and WHEREAS, the City has reviewed the Plan, and have been provided a reasonable opportunity to express their views and recommendations regarding the Plan in accordance with Sections 13(13) of the Act; and NOW THEREFORE BE IT RESOLVED THAT, the City of Pontiac hereby concurs with the provisions of the Plan including approval of the Plan by the Oakland County Board of Commissioners and implementation of the Plan by the Oakland County Brownfield Redevelopment Authority. BE IT FURTHER RESOLVED THAT should any section, clause or phrase of this Resolution be declared by the courts to be invalid, the same shall not affect the validity of this Resolution as a whole nor any part thereof other than the part so declared to be invalid. BE IT FURTHER RESOLVED THAT all resolutions or parts of resolutions in conflict with any of the provisions of this Resolution are hereby repealed. AYES: NAYS: ABSTENTIONS: ABSENT: CERTIFICATION It is hereby certified that the foregoing Resolution is a true and accurate copy of the Resolution adopted by the City Council of the City of Pontiac at a meeting duly called and held on the day of December, 2016. CITY of PONTIAC By: , CLERK 2 FISCAL NOTE (MISC.#1701,3), January 26, 2017 BY: Commissioner Torn Middleton, Chairperson, Finance Committee IN RE: ECONOMIC DEVELOPMENT AND COMMUNITY AFFAIRS - RESOLUTION APPROVING T H E PROVISIONS OF A BROWNFIELD PLAN FOR THE 65 EAST UNIVERSITY- CITY OF PONTIA C PROJECT To The Oakland and County Board of Commissioners Chairperson, Ladies and Gentlemen: Pursuant to Rule XII-C of this Board, the Finance Committee has reviewed the ab o v e r e f e r e n c e d resolution and finds: 1. The resolution adopts a Brownfield Plan relating to the clean-up and redevelopment of propert y a t 65 East University site in The City of Pontiac to restore the property's environme n t a l a n d economic viability. 2. The developer, George W. Auch, has assumed Brownfield related eligible activity develop m e n t costs estimated at $3,641,000 including remediation of environmental impacts, environ m e n t a l investigations, due care, demolition, site preparation, Infrastructure, parking, administrativ e controls, and preparation of environmental reports. 3. The cost of these eligible plan activities will be reimbursed to the developer by the Oakland County Brownfield Redevelopment Authority (OCBRA) from tax capture based on the increment a l difference on the taxable value of the property; estimated at $324,932 for Oakland County capture amount over a thirty (30) year period. 4. No budget amendment is required as the budget already includes estimated tax capture offsets. oMmissioner Tom Middleton, District #4 Chairperson, Finance Committee FINANCE COMMITTEE VOTE: Motion carried unanimously on a roll call vote with Long and Fleming absent. Resolution #17013 January 26, 2017 Moved by Kochenderfer supported by McGillivray the resolutions (with fiscal notes attached) on t h e amended Consent Agenda be adopted (with accompanying reports being accepted). AYES: Crawford, Fleming, Gershenson, Gingell, Hoffman, Jackson, Kochenderfer, KowaII, Long, McGillivray, Middleton, Spisz, Taub, Tietz, Weipert, Woodward, Zack, Berman, Bowman. (19) NAYS: None. (0) A sufficient majority having voted in favor, the resolutions (with fiscal notes attached) on the am e n d e d Consent Agenda were adopted (with accompanying reports being accepted). GERALD D. POISSON CHIEF DEPUTY COUNTY EXECUTIVE ACTING PURSUANT TO Ma. 4559A(7) STATE OF MICHIGAN) COUNTY OF OAKLAND) I, Lisa Brown, Clerk of the County of Oakland, do hereby certify that the foregoing resolution is a true a n d accurate copy of a resolution adopted by the Oakland County Board of Commissioners on Jan u a r y 2 6 , 2017, with the original record thereof now remaining in my office. In Testimony Whereof, I have hereunto set my hand and affixed the seal of the County of Oaklan d a t Pontiac, Michigan this 26th day of January, 2017. Lisa Brown, Oakland County