Brownfield Redevelopment Authority Regular Meeting Agenda September 2025
TIF Collateral Assignment Approved for Trailside II Developer
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Description
The Authority approved the collateral assignment of TIF reimbursement rights for Trailside II to Macatawa Bank, requested by New Everett Park Phase II, LLC.
Contract Details
Vendor
NEW EVERETT PARK PHASE II LLC
Agency
City of South Haven, MI
Contract Type
FINANCIAL_SERVICES
Document Date
September 8, 2025
Contract Term
Collateral assignment of TIF reimbursement rights, Trailside II project
Renewal Info
Assignment continues for life of TIF reimbursement period while obligations to lender remain.
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