Lincoln Charter Township Brownfield Redevelopment Authority Minutes 2026-04-29
Authority Approves $3.38M Reimbursement to Meijer
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Description
The Lincoln Charter Township Brownfield Redevelopment Authority approved reimbursing Meijer $3,378,424.63 for eligible environmental and redevelopment expenses under the Meijer Store Project Brownfield Plan. Payments will be made from tax increment revenues after administrative costs are covered, with potential additional interest calculated on the remaining principal.
Contract Details
Contract Amount
$3,378,424.63
Vendor
MEIJER
Agency
Town of Lincoln charter, MI
Contract Type
OTHER
Document Date
April 29, 2026
Renewal Info
Brownfield Plan and Development and Reimbursement Agreement allow capture of up to $9,339,870.82 plus 6% simple annual interest on remaining eligible costs until fully reimbursed.
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