FACILITIESAPPROVED

Independence Township Downtown Development Authority Agenda Packet 2026-05-20

DDA Commits Funding to Township for Land and Intersection

$60,000 in 2025 and $60,000 in 2026 (reimbursement toward land acquisition); plus $700,000 over five years starting 2027 for White Lake Road intersectionTown of Independence charterCHARTER TOWNSHIP OF INDEPENDENCEMay 20, 2026

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Description

The DDA has committed to reimburse the Charter Township of Independence for Gateway Park land acquisition and to fund the township’s $700,000 local share of the White Lake Road intersection improvements in five annual installments starting in 2027. These payments leverage township and MDOT projects within the DDA district.

Contract Details

Contract Amount

$60,000 in 2025 and $60,000 in 2026 (reimbursement toward land acquisition); plus $700,000 over five years starting 2027 for White Lake Road intersection

Vendor

CHARTER TOWNSHIP OF INDEPENDENCE

Agency

Town of Independence charter, MI

Contract Type

FACILITIES

Document Date

May 20, 2026

Contract Term

Land reimbursement installments in 2025–2026; intersection payments in five annual installments beginning March 31, 2027

Renewal Date

2031-03-31

Renewal Info

White Lake Road intersection payments are structured as five fixed annual installments of $140,000; no automatic renewal beyond the $700,000 commitment is specified.

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