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City Weighs TIF Brownfield Plan for Roosevelt Road Project

City of Ferrysburg logoCity of Ferrysburg
Document date
Dec 16, 2024
Renews
Free account

The 30-second brief

What it covers

Ferrysburg is considering a Brownfield Plan for Roosevelt Road, LLC’s sixteen‑unit residential project that would reimburse eligible costs and interest via tax increment financing through 2051. After reimbursement, the City could capture additional increments for a Local Brownfield Revolving Fund before regular tax revenues resume.

Who holds it

Roosevelt Road LLC holds this financial services contract with City of Ferrysburg.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Ferrysburg contract.

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Contract details

Contract type
Financial Services
Document date
December 16, 2024
Term
Tax increment reimbursement through 2051; potential Local Brownfield Revolving Fund captures 2052-2054
Renews
Free account
Vendor
Roosevelt Road LLC
Agency
City of Ferrysburg
Source document
ferrysburg-city-council-meeting-agenda-december-16-2024_70a.pdf (Agenda)

Roosevelt Road LLC's other public contracts

City of Ferrysburg, MichiganFerrysburg OKs Brownfield Development Reimbursement Deal · Feb 16, 2026UndisclosedCity of Ferrysburg, MichiganBrownfield Development Agreement Updated for New Owner · Feb 16, 2026UndisclosedCity of Ferrysburg, MichiganCity to consider assigning Roosevelt Road brownfield agreement · Feb 2, 2026UndisclosedCity of Ferrysburg, MichiganCouncil to Consider Assignment of Brownfield Agreement · Jan 19, 2026UndisclosedCity of Ferrysburg, MichiganBrownfield Agreement With Roosevelt Road LLC Tabled · Dec 15, 2025UndisclosedAll Roosevelt Road LLC contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Ferrysburg?

Roosevelt Road LLC was awarded this financial services contract by City of Ferrysburg, as recorded on December 16, 2024.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in ferrysburg-city-council-meeting-agenda-december-16-2024_70a.pdf (Agenda), dated December 16, 2024 from City of Ferrysburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Roosevelt Road LLC hold?

Roosevelt Road 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.

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