GF and K Holdings included in housing TIF plan

The Brownfield Redevelopment Authority approved a recommendation to City Council for a First Amendment to the Brownfield Plan and reimbursement agreement involving GF and K Holdings for the 467 Ottawa Avenue redevelopment. The Housing TIF amendment enables reimbursement of eligible costs and potential development loss within a 15-year capture period, capped at $440,000.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

2025–2039 (15 years including 5-year LBRF back-end)

Renewal

First amendment to the original Brownfield Plan adds Housing TIF with a 15-year capture (2025–2039) and a 5-year back-end period for the Local Brownfield Revolving Fund. Reimbursement amount is limited to $440,000 per City housing TIF policy.

Document type

Agenda

Source document

City of Holland Brownfield Redevelopment Authority Agenda 2026-08-26

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City of Holland Brownfield Redevelopment Authority AgendaPacket 2026-08-26

APPROVED

City of Holland city, MichiganUp to $440,000 potential development loss reimbursement via Housing TIF (aggregate cap)Aug 26, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Holland city?

Gf and K Holdings was awarded this financial services contract by City of Holland city, as recorded on August 26, 2026.

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 City of Holland Brownfield Redevelopment Authority Agenda 2026-08-26 (Agenda), dated August 26, 2026 from City of Holland city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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