City of South Haven Brownfield Redevelopment Authority Agenda Packet 2026-06-08
City amends Brownfield Reimbursement Agreement for Everett Park Phase II
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Description
City of South Haven amended its brownfield reimbursement agreement with New Everett Park Phase II, LLC, increasing eligible reimbursable activities to $3,011,770 and extending the TIF reimbursement term to 18 years due to additional infrastructure and contaminated soil costs.
Contract Details
Contract Amount
Not to exceed $3,011,770 (reimbursement of eligible activities, original plan $2,242,370)
Vendor
NEW EVERETT PARK PHASE II LLC
Agency
City of South Haven, MI
Contract Type
OTHER
Document Date
June 8, 2026
Contract Term
18 years (2025–2042)
Renewal Date
2042-12-31
Renewal Info
First Amendment (April 2026) increased maximum reimbursement from $2,242,370 to $3,011,770 and extended plan term from 16 to 18 years. TIF capture now set to 75/25 split with up to 13 years for reimbursement and 5 years for revolving fund capture.
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