City of Kalamazoo Brownfield Redevelopment Authority Agenda Packet 2026-06-18
Zone 32 Phase Two brownfield reimbursement agreement approved
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Description
The Kalamazoo Brownfield Redevelopment Authority approved a Development and Reimbursement Agreement with Zone 32 Phase Two, LLC for the mixed-use redevelopment at 810 N Pitcher and 825 Porter Streets. The agreement authorizes reimbursement of up to $2,028,406 in eligible brownfield costs from project-generated tax increment revenues over a period of up to 25 years within a 30-year capture.
Contract Details
Contract Amount
Not to exceed $2,028,406
Vendor
ZONE 32 PHASE TWO LLC
Agency
City of Kalamazoo, MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 18, 2026
Contract Term
Up to 25 years of tax increment reimbursement within a 30-year capture period
Renewal Info
Tax increment reimbursement ends upon full repayment of eligible costs or after 25 years of capture for reimbursement within a 30-year overall capture period, including 5 years designated solely for the Local Brownfield Revolving Fund. No automatic renewal; any modification requires plan and agreement amendment.
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