Brownfield Redevelopment Authority Meeting Agenda August 2025
TIF Reimbursement Agreement for New Everett Park Phase II, LLC
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Description
New Everett Park Phase II, LLC, developer of the 900 Indiana Avenue project, received city approval for a capped $547,500 TIF reimbursement with collateral assignment consented to its lender.
Contract Details
Contract Amount
Capped at $547,500
Vendor
NEW EVERETT PARK PHASE II LLC
Agency
City of South Haven, MI
Contract Type
OTHER
Document Date
August 11, 2025
Renewal Info
Collateral assignment consented to lender (Macatawa Bank). Developer obligations remain; amendments require lender approval.
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