OTHERONGOING

Reimbursement Agreement Sets $547,500 Cap for Developer

The City of South Haven and its Brownfield Redevelopment Authority executed a Brownfield Reimbursement Agreement with New Everett Park Phase II, LLC providing up to $547,500 in reimbursable developer eligible costs. Reimbursement will come from 75% of tax increment revenues generated by the project, within an overall $2,242,370 cap shared with Interra Homes.

Status
ONGOING
Document date
June 8, 2026
Contract type
OTHER
Vendor
New Everett Park Phase Ii Llc
Agency
Town of South Haven charter · MI

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$547,500
Contract type
OTHER
Contract term
Reimbursement obligation terminates upon full payment, failure to complete project within 10 years, or December 31, 2038
Renewal date
2038-12-31
Renewal
Agreement’s repayment obligation ends upon full reimbursement, if the project is not completed within 10 years, or on December 31, 2038, whichever occurs first; maximum combined reimbursement to Developer and Interra is $2,242,370 from captured tax increment revenues.
Document type
Agenda
Source document
Brownfield Redevelopment Authority Regular Meeting Agenda 2026-06-08

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Town of South Haven charter?

New Everett Park Phase Ii Llc was awarded this government contract by Town of South Haven charter, as recorded on June 8, 2026. The contract value is $547,500.

How much is the New Everett Park Phase Ii Llc contract with Town of South Haven charter worth?

The New Everett Park Phase Ii Llc contract with Town of South Haven charter is valued at $547,500.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Brownfield Redevelopment Authority Regular Meeting Agenda 2026-06-08 (Agenda), dated June 8, 2026 from Town of South Haven charter. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does New Everett Park Phase Ii Llc hold?

New Everett Park Phase Ii Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of South Haven charter currently buying?

Explore Town of South Haven charter's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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