OTHERAPPROVED

Brownfield Reimbursement Agreement Approved for GTZ Properties

The LBRA Board approved GTZ Properties as developer for the 6420 S. Cedar Street Redevelopment Project, authorizing reimbursement of eligible brownfield activities up to $709,650 plus up to 5% interest from tax increment revenues over a 15-year period.

Status
APPROVED
Document date
June 5, 2026
Contract type
OTHER
Vendor
Gtz Properties
Agency
City of Lansing · MI

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$709,650 (maximum reimbursement), plus up to 5% simple interest
Contract type
OTHER
Contract term
Reimbursement period up to 15 years (2027–2041), with eligible activities completed by December 31, 2027
Renewal date
2041-12-31
Renewal
Reimbursement capped at plan maximum, term up to 15 years; no payments after December 31, 2041; eligible activities must be completed by December 31, 2027.
Document type
AgendaPacket
Source document
Lansing Brownfield Redevelopment Authority AgendaPacket Board of Directors Meeting 2026-06-05

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Lansing?

Gtz Properties was awarded this government contract by City of Lansing, as recorded on June 5, 2026. The contract value is $709,650 (maximum reimbursement), plus up to 5% simple interest.

How much is the Gtz Properties contract with City of Lansing worth?

The Gtz Properties contract with City of Lansing is valued at $709,650 (maximum reimbursement), plus up to 5% simple interest.

What type of contract is this?

This is a government contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Lansing Brownfield Redevelopment Authority AgendaPacket Board of Directors Meeting 2026-06-05 (AgendaPacket), dated June 5, 2026 from City of Lansing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Gtz Properties hold?

Gtz Properties may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Lansing currently buying?

Explore City of Lansing's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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