Albion brownfield TIF amendment backs ACE redevelopment
City of AlbionCity · Albion, MI- Disclosed value
- $628,177 (Brownfield TIF reimbursement cap: $519,421 Developer, $45,075 Authority, plus $63,681 to SBRF/BRA/LBRF)
- From agenda
- Document date
- Apr 4, 2026
- Renews
- Free account
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THE 30-SECOND BRIEF
The City of Albion Brownfield Redevelopment Authority proposes Amendment #1 to its 213-221 S. Superior Brownfield Plan to support ACE Investment Properties, LLC in redeveloping 215-217 S. Superior Street. The Developer will invest an estimated $1.7 million in mixed-use rehabilitation and be reimbursed up to $519,421 for eligible environmental, demolition, and infrastructure activities over a 28-year TIF capture period. The plan also reimburses the Authority $45,075 and allocates additional tax increment to state and local brownfield revolving funds.
Ace Investment Properties LLC holds this professional services contract with City of Albion.
The renewal date is on record. A free account shows it, with the renewals for every City of Albion contract.
Contract details
- Contract type
- Professional Services
- Amount
- $628,177 (Brownfield TIF reimbursement cap: $519,421 Developer, $45,075 Authority, plus $63,681 to SBRF/BRA/LBRF)
- Document date
- April 4, 2026
- Term
- Brownfield Plan duration 35 years starting 2019, with 28 years of tax increment capture starting in 2027 (through approximately 2054)
- Renews
- Free account
- Agency
- City of Albion
- Source document
- City of Albion Council Meeting Agenda April 2026 (Agenda)
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Questions about this contract
Who was awarded the professional services contract by City of Albion?
Ace Investment Properties LLC was awarded this professional services contract by City of Albion, as recorded on April 4, 2026. The contract value is $628,177 (Brownfield TIF reimbursement cap: $519,421 Developer, $45,075 Authority, plus $63,681 to SBRF/BRA/LBRF).
How much is the Ace Investment Properties LLC contract with City of Albion worth?
The Ace Investment Properties LLC contract with City of Albion is valued at $628,177 (Brownfield TIF reimbursement cap: $519,421 Developer, $45,075 Authority, plus $63,681 to SBRF/BRA/LBRF), covering professional services work.
What type of contract is this?
This is a Professional Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in City of Albion Council Meeting Agenda April 2026 (Agenda), dated April 4, 2026 from City of Albion. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Ace Investment Properties LLC hold?
Ace Investment Properties LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Albion currently buying?
Explore City of Albion's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.