City of Galesburg Minutes City Council Regular Meeting 2026-05-11
Council OKs Brownfield Plan with Allen Edwin
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Description
Galesburg City Council approved a Brownfield plan enabling developer Allen Edwin to invest $17 million in a 52-unit housing development, with an estimated $9.1 million reimbursed through Brownfield tax increment financing. The project includes street improvements and has a plan term of up to 30 years.
Contract Details
Contract Amount
$17,000,000 investment; approximately $9,100,000 Brownfield reimbursement
Vendor
ALLEN EDWIN
Agency
City of Galesburg, MI
Contract Type
CONSTRUCTION
Document Date
May 11, 2026
Contract Term
Construction summer 2026 to summer 2028; Brownfield TIF up to 30 years
Renewal Date
2056-12-31
Renewal Info
Brownfield TIF plan duration is up to 30 years but may end earlier if all eligible costs are reimbursed ahead of schedule.
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