city-of-portage-city-council-agenda-june-10-2025_3bc.pdf
American Village seeks approval for $3.8M redevelopment plan
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Description
American Village Development II, LLC seeks approval for Brownfield Redevelopment Plan Amendment No. 15, involving $3,815,391 in infrastructure and site preparation costs. Reimbursement will be through tax increment financing over 12 years, with an additional five-year capture period contributing to the Local Brownfield Revolving Fund.
Contract Details
Contract Amount
$3,815,391
Vendor
AMERICAN VILLAGE DEVELOPMENT II
Agency
City of Portage, MI
Contract Type
Brownfield Redevelopment
Document Date
June 10, 2025
Contract Term
12 years
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