HomeMy WebLinkAboutResolutions - 2009.05.21 - 9867PLANNING & BUI,LDIN9/COMMITTETZ
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MISCELLANEOUS RESOLUTION 1109118 May 21, 2009
BY. Planning and Building Committee, John Scott, Chairperson
IN RE: WASTE RESOURCE MANAGEMENT UNIT - RESOLUTION APPROVING THE PROVISIONS
OF A BROWNFIELD PLAN FOR THE OXID PROJECT IN THE CITY OF NOVI
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"), has established a redevelopment of Brownfields
Redevelopment Authority and Board (OCBRA) to facilitate the clean-up and redevelopment of
Brownfields within Oakland County's communities: and
WHEREAS the Oxid project site in The City of Novi is, 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 of this parcel which the OCBRA has reviewed and modified; 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 members of the City Board have 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 have unanimously approved the resolution declaring their
concurrence with the provisions of the Plan; and
WHEREAS the OCBRA. pursuant to and in accordance with Section 13 of the Act, has unanimously
approved a resolution (attached) adopting the Plan, procedures for cost reimbursement, and
recommends the adoption of the Plan by the Planning and Building Committee and the Board of
Commissioners to be carried out within the City of Novi, relating to tne redevelopment of the Oxid project,
located at 25275 Regency Drive (the "Property"),
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners does hereby
adopt the Plan to be carried out within the City of Novi, reiating to the redevelopment of the Oxld project
located at 25275 Regency Drive (the 'Property").
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 Oxid project, located in the City of Novi,
shall be held on Thursday May 21. 2009 at 9:40 a.m. in the Board of Commissioners' Auditorium, 1200
North Telegraph Road, Pontiac, Michigan.
Chairperson. on behalf of the Planning & Building Committee, I move the adoption of the foregoing
resolution.
PLANNING & BUILDING COMMITTEE VOTE:
Motion carried unanimously on a roll call vote.
OAKLAND COUNTY
BROWNFIELD REDEVELOPMENT AUTHORITY
BROWNFMLD PLAN FOR
THE REGENCY CENTER
25275 REGENCY DRIVE
Prepared for the .
Oakland County Brownfield Redevelopment Authority
2100 Pontiac Lake Road
Waterford, Michigan 48328
Contact: Brad Hansen
Phone: 248-858-8073
Prepared by:
AKT Peerless Environmental Services
22725 Orchard Lake Road
Farmington, Michigan 48336
Contact Person: Anne Jamieson-Urena
Phone: 248-615-1333
AKT Peerless Project No. 5882f2
Las: Revision Date: April 16, 2009
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OAKLAND COUNTY
BROWNFIELD REDEVELOPMENT AUTHORITY
BROWNFIELD PLAN
TABLE OF CONTENTS
PROJECT SUMMARY
I. INTRODUCTION 1-2
II. GENERAL PROVISIONS
A. Description of Eligible Property 11-3
B. Basis of Eligibility 11-3
C. Summary of Eligible Activities 11-4
D. Estimate of Captured Taxable Value and Tax I1-
Increment Revenues: Impact of Tax Increment
Financing on Taxing Jurisdictions
E. Plan of Financing: Maximum Amount 11-6
Of Indebtedness
F. Michigan Business Tax Credit 11-7
G. Duration of Plan 11-7
H. Effective Date of Inclusion 11-7
I. Displacernentaelocation of individuals 11-7
On Eligible Property
J. Local Site Remediation Revolving Fund (LSRRF) 11-7
III. ATTACHMENTS
A. Site Maps A
B. Legal Description
C. Table
.D. OCBRA, Eligible Activity Cost Reimbursement Procedures
E.. 25275 Regency Drive Building Photographs
PROJECT SUMMARY
Project Name: The Regency Center, City of Novi, Oakland County,
Michigan
Project Location: The Property is located at 25275 Regency Drive. The
parcel ID number is: 50-22-24-276-022.
Type of Eligible
Property: Facility
Eligible Activities: Development and preparation of a brownfield plan,
Baseline Environmental Assessment (BEA) activities
(Phase I Enviromnental Site Assessment (ESA), Phase II
ESA and SEA), due care reporting and monitoring, due
care activities, authority administration costs and local site
remediation revolving fund capture. The due care activities
include the potential installation of a vapor barrier and sub-
slab venting system and the excavation and disposal of
contaminated soil.
Reimbursable Costs: 5138.679
Years to Complete
Payback: 8 years
Estimated Capital
Investment: 51.3 million
Project Overview: The project consists of the excavation and disposal of
contaminated soil and the potential installation of a vapor barrier and venting system to
prepare the building located at 25275 Regency Drive for interior build-out and
occupancy. This Brownfield Plan has been created for the purpose of facilitating
redevelopment of the Property by providing the developer reimbursement for certain
eligible activities and eligibility to file an application for a Michigan Business Tax Credit.
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L INTRODUCTION
Oakland County (the County) established the Oakland County Brownfield
Redevelopment Authority (the Authority) on November 29. 2001, by adoption of a
resolution pursuant to the Brownfield Redevelopment Financing Act, Michigan Public
Act 381 of 1996, as amended (Act 381). The Michigan Department of State, Office of
the Great Seal, acknowledged receipt and filing of the resolution. The County Board of
Commissioners established the Authority Board and appointed its members. Act 381,
authorizes the Authority to undertake all activities allowed by law. The primary purpose
of Act 381 is to encourage the redevelopment of contaminated, functionally obsolete, or
blighted Property by providing economic incentives through tax increment financing for
-eligible activities and Brownfield Redevelopment Michigan Business Tax Credits.
The main purpose of this Brownfield Plan ("Plan") is to promote the redevelopment of
and investment in a certain "brownfield" property within the County. inclusion of
property within this Plan will facilitate financing of environmental response and other
eligible activities at eligible properties, and will also provide tax incentives to eligible
taxpayers willing to invest in revitalization of eligible sites, commonly referred to as
"brownfields." By facilitating redevelopment of brownfield properties, this Plan is
intended to promote economic growth for the benefit of the residents of the County and
all taxing jurisdictions located within and benefited by the Authority.
The identification or designation of a developer or proposed use for the eligible property
that is the subject of this Plan shall not be integral to the effectiveness or validity of this
Plan. This Plan is intended to apply to the eligible property identified in this Plan and, if
tax increment revenues are proposed to be captured from that eligible property, to
identify and authorize the eligible activities to be funded by such tax increment revenues.
Any change in the proposed developer or proposed use of the eligible property shall not
necessitate an amendment to this Plan, affect the application of this Plan to the eligible
property, or impair the rights available to the Authority under this Plan.
This Plan is intended to be a living document, which may he modified or amended in
accordance with the requirements of Act 381. as necessary to achieve the purposes of Act
381. The applicable sections of Act 381 are noted throughout the Plan for reference
purposes.
This Plan contains information required by Section 13(1) of Act 381.
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U. GENERAL PROVISIONS
Dpwrintion of the_Elifyihie PronertY (SeeQop 13 M(hO) and the Project
The property is located in the northeast 14 of Section 24 (T.1 .N/R.8.E) in the City of
Novi. Oakland County, Michigan. The property is located at 25275 Regency Drive on the
west side of Regency Drive. The property comprising the eligible property consists of
one rectangular parcel, parcel identification number 50-22-24-276-022, and is referred to
herein as the "Property." The Property consists of two buildings located at 25275 and
25225 Regency Drive and occupies approximately 3.01 acres. The Property is a
"facility," which is described in further detail in Section B below.
The Property is zoned 1-1 (Light Industrial District) and is currently developed for light
industrial use and is located in an area of Novi that is characterized by light industrial
properties, undeveloped properties, wooded and wetland areas, and surface roadways.
The building located 25275 Regency Drive was built in 2004 and is still unfinished on
the inside and has had no occupants. The building located at 25225 Regency Drive is
occupied by Solid Signal, which currently operates an on-line retailinv, business and
warehouse specializing in distributing satellite television equipment.
Regency 346. LUG and Oxid Corporation are the project developers ("Developer").
Regency 346. LLC is a single purpose entity created to oversee the purchase and
management of the land and buildings. Oxid specializes in the design, manufacturing.
and assembly of articulated arms, micromanipulators. scanner. beam delivery systems.
laparoscopic couplers, contract manufacturing, and specification manufacturing, The
project will include the excavation and disposal of contaminated soil, potential
installation of a vapor barrier and sub-slab vent system and the complete build-out of the
interior building located at 25275 Regency Drive. The project will prepare the building
for occupancy and enable the Dr/eloper to be in close proximity to its manufacturing
counterpart. Laser Mechanisms, Inc. located on the parcel to the north.
Attachment A includes several site maps of the eligible Property, refer to: Figure 1,
Topographic Location Map; Figure 2, Parcel Map: Figure 3, Eligible Property Boundary
Map and an aerial map. The legal description of the Property parcel is presented in
Attachment B. Attachment E includes several photographs of the building located at
25275 Regency Drive.
t/SoLabgaLrijobl uid Section 2 On
The Property is considered "eligible Property" as defined by Act 381, Section 2 because
(a) the Property was previously utilized or is currently utilized for an industrial 0:-
commercial purpose; and (b determined to be a facility as defined by Act 381.
In September 2002, the laboratory analyses from BBL's Environmental Investigation
Report did not identify soil and groundwater contamination above applicable Michigan
Department of Environmental Qualir (MDE()) criteria for 25225 Regency Drive.
However, laboratory analyses conducted for BBL's environmental investigation did
identify concentrations of mercury. selenium, ethyl benzene, toluene, tri-methylberizene„
and xylenes in the soil above lviDEQ Groundwater Surface Interface cleanup levels.
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Additionally, lead was detected in groundwater samples at a concentration greater than
drinking water protection. The site was determined a "facility" as defined by Part 201 of
NREPA, Michigan PA 451 of 1994, as amended and in February 2003, a Category N
BEA was completed and submitted for disclosure to the MDEQ.
On June 10, 2008, AKT Peerless conducted a limited subsurface investigation at the
Property to address the environmental concerns identified during previous environmental
investizations. ,kKT Peerless (1) drilled two soil borings, (2) installed two temporary soil
gas wells, and (3) collected soil and soil gas samples for laboratory analyses. AKT
Peerless submitted soil samples for laboratory analyses of select parameters, including:
VOCs. PNAs, and lead. In addition, AKT Peerless submitted the soil gas samples for
laboratory analyses of VOCs.
The laboratory analytical results of soil samples indicate that concentrations of benzene,
ethylbenzene. 1.2,4-1MB, xylene. and lead exceed MDEQ Generic Residential Drinking
Water Protection Cleanup Criteria. Contaminant concentrations of ethylbenzene, 1.2.4-
T1v1B. and xviene exceed MDEQ Generic Groundwater Surface Water Interface
Protection Cleanup Criteria. The contaminant concentration of lead exceeded MDEQ
Generic Residential Direct Contact Cleanup Criteria.
On July 2. 2008. a Baseline Environmental Assessment was completed by Al's1T Peerless.
The BEA was submitted to the MDEQ on September 26, 2008. Based on laboratory
analytical results, the subject Property meets the definition of a "facility", as defined in
Part 201 of Natural Resources and Environmental Protection Act (NREPA), Michigan
Public Act (PA) 451, 1994, as amended.
C. Summary of Eligible Activities and Description of Costs (Section 13 (1)(al 2,(b))
The "eligible activities" that are intended to be carried out at the Property arc considered
"eligible activities" as defined by Sec 2 of Act 381, because they include: 1) the
development and preparation of a brownfield plan; 2) baseline environmental assessment
(BEA) activities (Phase I Environmental Site Assessment (ESA), Phase Il ESA and
BEA); 3) due care reporting and monitoring; and 4) due care activities. The due care
activities include the potential installation of a vapor barrier and sub-slab venting system
due to the conditions identified on the adjoining property, and the excavation and
disposal of contaminated soil. A summary of the eligible activities and the estimated cost
of each eligible activity intended to be paid for with Tax Increment Revenues from the
Property are shown in the table below:
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LSTIMATED COST OF ELIGIBLE ACTIVITIES
Description of Eligible Activities Estimated -Cost
1. Development and Preparation of Brownfield Plan S 10,000
2. Baseline Environmental Assessment Activities: $ 16,900
Phase I ESA, Phase II. and BEA
3. Due Care Reporting and Monitoring S 20,000
4. \_22,por Barrier S 39,002j
5. Sub-Slab Ventilation System S 10.0001 ._,1
16. Excavation, Disposal and Transportation of S 11,000
iContamination Soils
7. Contingency (15%) (excludes items 1. 2. and 8) S 12,000
8. Authority Administrative Costs S 8.000 (- 9 , Local Site Remediation Revolving Fund Capture S 11.779' 1
iTotal Eligible Activities to be Funded by TIF S 138,679l
A detailed breakout of the eligible activities and the estimated cost of each eligible
activity intended to be paid for with Tax Increment Revenues from the Property are
shown in Attachment C. Table 1. Tax Increment Financing Estimates,
Eligible activities will be conducted on the eligible Property for the building located at
25275 Regency Drive. Completion of the eligible activities will enable the Developer to
begin complete build-out of the interior to prepare this building for occupancy. It is
currently anticipated that eligible activities will be completed in mid to late 2009.
The Developer desires to be reimbursed for the costs of eligible activities. Tax increment
revenue generated by the Property will be captured by the Authority arid used to
reimburse the cost of the eligible activities completed on the Property. Attachment C.
Table 1. Tax Increment Financing Estimates, identifies the eligible activities and
estimated costs that will be reimbursed with Tax Increment Revenues from school
operating and local taxes.
The costs listed in the table above are estimated costs and may increase or decrease
depending on the nature and extent of environmental contamination and other unknown
conditions encountered on the Property. The actual cost of those eligible activities
encompassed by this Plan that will qualify for reimbursement from tax increment
revenues of the Authority from the Property shall be governed by the terms of the
Authorirv's_Eligible Activity Cost Reimbursement Procedures outlined in Attachment D.
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D. Estimate of Captured Taxable Value and Tax Increment Revenups (Sertinn
13(1)(0)4 &Tinning Date of Capture of Tai Increment Revenum (Section (131(11tfli
Impact of Tax Increment Financing On Taxing Jurisdictions (Section 11(11toi)
This Plan anticipates the capture of tax increment revenues to reimburse the Developer
for the costs of eligible activities under this Plan in accordance the Authority's Eligible
Activity Cost Reimbursement Procedures •utimed in Attachment D. A table of estimated
tax increment revenues to be captured is attached to this Plan in Attachment C, Table I.
Tax Increment Financing Estimates. Tax increment revenue capture is expected to start
in 2010:
The total estimated cost of the eligible activities, authority administration costs and local
site remediation revolving fund capture to be reimbursed through the capture of tax
increment revenue is S13E,679. The Developer shall invest approximately $1.3 million
in personal and real property improvements on the Property. The effective initial taxable
value for this Plan is S1,190„030, and is based on land and real property tax only. No
personal property tax was included for the initial taxable value. Redevelopment of the
Property is expected to begin in 2009 with th.e first significant increase in taxable value of
approximately S675,000 beginning in 2010.
The captured incremental taxable value and associated tax increment revenue will be
based on the actual increased taxable value from all taxable improvements on the
Properr and the actual rnillage rates levied by the various taxing jurisdictions during
each year of the plan. Tax increments are projected to be captured and applied to
reimbursement of eligible activity costs, payment of Authority administrative and
operating expenses and local site remediation revolving fund capture, as shown in
Attachment C, Table 1. Tax Increment Financing Estimates.
L. Plan of Financing (Section 13(1)(dTh Maximum Amount of indehterinpvi
(Section 13(1)(e))
The eligible activities are to be financed solely by the Developer. The Authority will
reimburse the Developer for the cost of approved eligible activities, but only from tax
increment revenues generated from the Property, No advances have been or shall be
made by the County or the Authority for the costs of eligible activities under this Plan,
All eligible activity reimbursement authorized under this Plan shall be governed by the
Authority's Efeceible Activity Cost Reimbursement Procedures outlined in Attachment D.
The inclusion of eligible activities and estimates of costs to be reimbursed in this Plan are
intended to authorize the Authority to fund such reimbursements and does not obligate
the Authority or the County to fund any reimbursement providing for the reimbursement
of any costs for which tax increment revenues may be captured under this Plan, or which
are permitted to be reimbursed under this Plan. 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 by the Authotiry's Eilaible Activity Cost Reimbursement
Procedures outlined in Attachment D. contemplated by this Plan.
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Unless otherwise agreed upon by the Developer, the Authority, and the State of
Michigan. the Authority shall not incur any note or bonded indebtedness to finance the
purposes of this Plan.
F. Michigan Business Tax Credit
The Property is included in this Plan to enable "qualified taxpayers" eligibility for a
credit against their Michigan business tax liability for "eligible investments", as defined
by Section 437(31) of Michigan Business Tax Act, incurred on the Property after the
adoption of this Plan. Eligible investment is estimated at S1,350,000. .
By approval of this Plan, the Authority and the City neither intend to make nor have
made representations to a developer or any other person of the availability, amount or
value of any credit under the Miehigile Business Tax Act or that adoption of this Plan
will qualify or entitle a developer or any other person to apply for or receive pre-approval
or approval of any credit under the Michigan Business Tax Act for the Property. The
Authority and the City also assume no obligation to take any action or to modify or
amend this Plan to facilitate or to allow any person to receive pre-approval or approval of
any credit under the Michigan Business Tax Act for the Property.
G. Duration of Plan (Section 13(1)(f))
In no event shall the duration of the Plan exceed 35 years following the date of the
resolution approving the Plan, nor shall the duration of the tax capture exceed the lesser
of the period authorized under subsection (4) and (5) of Section 13 of Act 381 or 30
years. Further. in no event shall the beginning date of the capture of tax increment
revenues be later than five years after the date of the resolution approving the Plan.
H. Effective Date of Inclusion in Brownfield Plan
The Property will become a part of this Plan on the date this Plan is approved by the
Authority. City of Novi and the Oakland County Board of Commissioners. The date of
tax capture shall commence during the year construction begins or the immediate
following year, but the beginning date of tax capture shall not exceed five years beyond
the date of the governing body resolution approving the Plan amendment.
I. DisnlacemeptiRelocation of Individuals on Eligible Pronertv (Section 13(1)(i-1))
The existing business located at 25225 Regency Drive will remain and there are no
additional businesses or residences. Therefore, there are no persons residing on the
eligible Property and no occupied residences will be acquired or cleared_ therefore there
will be no displacement or relocation of persons or businesses under this Plan.
01. Local She Remediation Revolving Fund ("LSRRF") (Section 8: Section 13(1)(m))
The Authority has established a Local Site Remechation Revolving Fund (LSRRF). The
LSRR_F will consist of all tax increment revenues authorized to be captured and deposited
in the LSRRF. as specified in Section 13(5) of Act 381. under this Plan and any other
plan of the Authority. It may also include funds appropriated or otherwise made
available from public or private sources.
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The Authority will capture incremental local taxes to fund the LSRRF, to the extent
allowed by law. The rate and schedule of incremental tax capture for the LSRPI will be
determined on a case-by-case basis. Considerations may include, but not be limited to
the following: total capture duration, total annual capture, proiect economic factors, level
of existing. LSRRI: funding, projected need for LSRRF funds, and amount of school tax
capture available in accordance with Act 381.
The amount of tax increment revenue authorized for capture and deposit M the LSRRY is
estimated at S :1,779,
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ILL ATTACHMENTS
ATTACHMENT A
Site Maps
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DATUM .L.5 M7eAN SEA L2VE.
IMAGE TAKEN FROM /969 U.S.G.S. TOPOGRAPHIC MAP
PHOTOREVISED 1973 AND 1983
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SCALED PROPERTY LOCATION
MAP
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ATTACHMENT B
Legal Description of Eligible Property to which the Plan Applies
Parc& identification number; 50-22-24-276-022
TIN, R8E, SEC 24 OAKLAND COUNTY CONDOMINIUM PLAN NO :360
REGENCY CENTRE UNIT 4 L 2334 P 048 6-3-03 FR 0:7 6: 018
ATTACHMENT C
Table 1 - TIF Table
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ATTACHMENT D
OCBRA Eligible Activity Cost Reimbursement Procedures
Attachment I)
OAKLAND COUNTY BROWNFIELD REDEVELOPMENT AUTHORITY
ELIGIBLE ACTIVITY
COST REIMBURSEMENT PROCEDURES
Elizible Activity Cost Reimbursement
Upon approval of a Brownfield Plan for eligible property or the inclusion of additional
parcels of eligible property in a Brownfield Plan where the owner/operator proposes to
seek reimbursement of costs for eligible activities at eligible property, the OCBRA shall
require the owner/operator to comply with the terms and conditions specified herein
including the schedules governing the capture of the taxes, requests for reimbursement,
required documentation. determination of eligible activities and reimbursement process
as more fully defined below.
Documentation of Elie,ible Costs
P AR T7:s cFFTTN1i RT-71MBURSEMENT OF COSTS OF ELIGIBLE ACTIVITIES ATTRIBUTABLE TO
Fr .141-TRT.37 .PROPER .SHOULa SLmMIT TOTHE.00BRA REOUP.STS. FOR REIMURS.EMENT ON
A MONTHLY BASLS. THESE REQUESTS SHOULD INCLUDE THE FOLLOWING:
1. Reference to the Approved Brownfield Plan and parcel.
2. The total amount of the current monthly reimbursement request.
3. The total amount of the reimbursement. requests sought. to date pursuant to the
Approved Brownfield Plat.
4. identification of each eligible activity as a line item, the associated costs, with copies
of detailed invoices for the eligible activities and proof of payment. (Parties seeking
reimbursement should request detailed billings from contractors splitting out fees and
costs of eligible activities from other services.)
5. Other information and documentation that may assist the OCBRA in determining
whether the costs are for eligible activities attributable to an eligible property and that the
costs are reasonable. This documentation may include evidence of a competitive bidding
process and/or evidence that the costs are for eligible activities.
6. Certification by an authonized representative of the parry seeking reimbursement that
a) he or she has reviewed the request for reimbursement, b) the costs are for eligible
activities attributable to eligible property, nt the request is for costs incurred and paid and
d) he/she is authorized to seek reimbursement and to make the certification on behalf of
the parry seeking reimbursement.
The OCBRA. will make the final determination of eligibility for all requests for
reimbursement. Reimbursements will take place as tax capture allows. Reimbursement
payment is expected to occur biannually: Within 90 days of receipt of taxes. No
payments will be made if propeety taxes on any of the eligible properties are delinquent.
The OCBRA will make every effort to follow the reimbursement schedules as specified
in OCBRA Brownfield Plans. For a specific Brownfield Plan, the OCBRA will not
reimburse prior to or in excess of the amount of taxes captured from the eligible property.
Shortfalls in capture will result in proportionate reductions in allocations made for
eligible activity reimbursements. OCBRA administrative and legal costs for
establishment and administration of the Brownfield Plan governing the eligible property
take priority for reimbursement over all other eligible costs. Any residual administrative
allocations not expended in a fiscal year will be carried forward to reimburse eligible
administrative costs of the OCBRA
The OCBRA reserves the right to deny or make partial reimbursement of requests for
reimbursement. which it deems not in accordance with the Brownfield Plan, the Act and
procedures. established by OCBRA for reimbursement.
ATTACHMENT E
25275 Regency Drive Building Photographs
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OXID CORPORATION FACILITY
25275 Regency Drive, Novi, Michigan 48375
I 0 1 6.200
Sorwreb Lz.) OMland County
Michigan 111 !--;cr,r.r.16
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Next Parcel ID
Parcel ID Owner(s) Municipality
City of Novi REGENCY 346 LLC 22-24-276-022
301 IND IMP (Industrial Imp.
School District
180 Novi Community Schls
1 Neighborhood Code
30130
Use
1 Septic bidicator Water Indicator
Capped Value
$1,190,030
Current Assessed Value
$1,372,350
Page I of 2 Access Oakland
My ['rod LICt5
teutily 110ftio Info A-2. Stryites
Avpi14.1.1qe .Product pat:E.1
I Fd Services For: II
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Locate this parcel 1441-1-°"P‘
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Commercial and Industrial Property Profile
Note: If you use the 'Reload' function of your browser, you will be billed again. You will not be billed for using
the 'Back' and 'Forward' buttons. Last updated on 05/14/2007 for City of Novi.
5275 REGENCY DR, NOVI, MI 48375-2157
irkfv.ilap
Owner Mailing Address
29548 SOUTHFIELD RD STE 200, SOUTHFIELD, MI 48076-2028
Property Description
T1N, R8E, SEC 24 OAKLAND COUNTY CONDOMINIUM PLAN NO 1360 REGENCY CENTRE UNIT 4 L 23384 P 048
6-3 03 FR 017 & 018
Well Indicator - 1Sewer Indicator
N Y
State Equalized Value
$1,372,350
Split/Combination Information
Added Status Date Added Added From
Added Parcel 8/4/2003 ER 017 & 018
littp:/7ea2.co.oakland.mi.usleap js/prnducts/cipaq/cinag.cillinia id-3320 4/21/2009
Amount Date Grantor Grantee Liber
Homestead %
0 111
Filtage
Taxes
LW inter
LEVEL
iFidthlAcres Description Lot
Information
){Depth/Acres
3
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Access Oakland Page 2 o12
Most Recent Sale Since 1994 ____I _.. ___ _ ____ .
Date Amount Liber Grantor
9/22/2008 $1 40625:282 CAVALITO
Grantee
REGENCY 346
Next Most Recent Sale
$0
r-
-
taxable ---- Value -
ter"
!Effective Date for Taxes '—
—L I-Win v_i_litage 1[Surnmer
--
$1,190,030
Taxes-
[Summer
Individual Building Details
Missing , or out of sequence building/section numbers refer to adjustments made to the appraisal for below
grade areas, or non-structural areas, please consult the local assessin g office for detailed questions about the
full appraisal record.
fiduilding/Section t
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http://ea2.co.oakland.nn.ulcap .. jsiproductsicipacifelpaq.cfmaJa 1d-3320 4/21/2009
Resolution #09118 May 21, 2009
Moved by Gosselin supported by Schwartz the resolutions (with fiscal notes attached) on the Consent
Agenda be adopted (with accompanying reports being accepted),
AYES: Burns, Capello, Coulter, Douglas, Gershenson, Gingen, Gosseiin, Greimel, Jackson,
Jacobsen, Long, IVliddleton, Nash, Potter, Potts, Runestad, Schwartz, Scott. Taub, Zack.
Bullard. (21)
NAYS: None. (0)
A sufficient majority having voted in favor, the resolutions (with fiscal notes attached) on the Consent
Agenda were adopted (with accompanying reports being accepted).
1 HEREBY APPROVE THE FOREGOING RESOLUTION
ACTING PURSUANT TO 1973 PA 139
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Ruth Johnson, Clerk of the County of Oakland. do hereby certify that the foregoing resolution is a true
and accurate copy of a resolution adopted by the Oakland County Board of Commissioners on May 21,
2009, 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 Oakland at
Pontiac, Michigan this 21st day of May, 2009,
eat
Ruth Johnson, County Clerk