CONSTRUCTIONAPPROVED

Roscommon County Board of Commissioners AgendaPacket 2026-05-27

County Approves Brownfield TIF for Redstone Homes Project

$12,296,815 maximum reimbursement of eligible activities plus interest (within total eligible activities estimate $15,827,010)Roscommon CountyREDSTONE HOMES NORTHERN MI LLCMay 27, 2026

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Description

Roscommon County approved the Creekside Meadows Brownfield Plan providing Redstone Homes Northern MI, LLC reimbursement of up to about $12.3 million for eligible environmental, infrastructure, and housing development costs. Reimbursement will come from state and local tax increment revenues over an estimated 22-year period.

Contract Details

Contract Amount

$12,296,815 maximum reimbursement of eligible activities plus interest (within total eligible activities estimate $15,827,010)

Vendor

REDSTONE HOMES NORTHERN MI LLC

Agency

Roscommon County, MI

Contract Type

CONSTRUCTION

Document Date

May 27, 2026

Contract Term

Estimated 22-year brownfield TIF reimbursement period, with capture expected to begin in 2028 and end by 2049

Renewal Date

2049-12-31

Renewal Info

Brownfield TIF capture for developer reimbursement is estimated to run from approximately 2028 through 2049 and cannot exceed 30 years under Act 381. No automatic renewal beyond statutory limits is provided; capture ceases once approved eligible costs and interest are fully reimbursed or the maximum duration is reached.

Issuing Agency