City of South Haven Awards Financial Services Contract to New Everett Park Phase Ii Llc (August 2025)

The Brownfield Redevelopment Authority consented to New Everett Park Phase II, LLC's request to collaterally assign its tax increment financing reimbursement rights to its lender, Macatawa Bank, for the Trailside II development. The assignment supports project loan security with a developer reimbursement cap of $547,500.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

November 13, 2024 Brownfield Reimbursement Agreement; cap at $547,500 for developer portion

Renewal

Developer portion capped at $547,500 under the Brownfield Reimbursement Agreement dated November 13, 2024; collateral assignment as of June 27, 2025.

Document type

AgendaPacket

Source document

Brownfield Redevelopment Authority Meeting Agenda August 2025

Related contracts

Other contracts from New Everett Park Phase Ii Llc.

View all →

City of South Haven Brownfield Redevelopment Authority Agenda Packet 2026-06-08

AMENDED

City of South Haven, MichiganNot to exceed $3,011,770 (reimbursement of eligible activities, original plan $2,242,370)Jun 8, 2026

Brownfield Redevelopment Authority Regular Meeting Agenda 2026-06-08

ONGOING

Town of South Haven charter, Michigan$547,500Jun 8, 2026

Brownfield Redevelopment Authority Regular Meeting Agenda 2026-06-08

AMENDED

Town of South Haven charter, Michigan$2,242,370Jun 8, 2026

City of South Haven Brownfield Redevelopment Authority Agenda Packet 2025-09-08

APPROVED

Town of South Haven charter, MichiganSep 8, 2025

Brownfield Redevelopment Authority Regular Meeting Agenda September 2025

APPROVED

City of South Haven, MichiganSep 8, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of South Haven?

New Everett Park Phase Ii Llc was awarded this financial services contract by City of South Haven, as recorded on August 11, 2025.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Brownfield Redevelopment Authority Meeting Agenda August 2025 (AgendaPacket), dated August 11, 2025 from City of South Haven. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does New Everett Park Phase Ii Llc hold?

New Everett Park Phase Ii 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.

View New Everett Park Phase Ii Llc's profile

What is City of South Haven currently buying?

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

View City of South Haven's profile