Commission Backs SC Ventures Obsolete Property Exemption

The Commission as a Whole is recommending approval of SC Ventures Bay City, LLC.'s application for a twelve-year Obsolete Property Rehabilitation Exemption Certificate for 500 Salzburg Avenue, tied to $197,095 in rehabilitation investment. Approval will confer a multi-year tax benefit to support redevelopment of the obsolete property.

Scope & details

The full contract record, as filed.

Contract amount

$197,095

Contract type

OTHER

Contract term

12 years

Renewal

Proposed exemption would run for 12 years from issuance; any continuation beyond that period would require new approvals.

Document type

Agenda

Source document

City of Bay City Agenda 2026-07-20

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Bay City City Commission Synopsis of Regular Meeting 2026-07-20

APPROVED

City of Bay, Michigan$197,095Jul 20, 2026

City of Bay City Agenda Packet 2026-07-20

PENDING

City of Bay, MichiganJul 20, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Bay?

Sc Ventures Bay City Llc was awarded this government contract by City of Bay, as recorded on July 20, 2026. The contract value is $197,095.

How much is the Sc Ventures Bay City Llc contract with City of Bay worth?

The Sc Ventures Bay City Llc contract with City of Bay is valued at $197,095.

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 City of Bay City Agenda 2026-07-20 (Agenda), dated July 20, 2026 from City of Bay. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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