FINANCIAL_SERVICESAPPROVED

City of Lansing Awards Financial Services Contract to Gtz Properties (July 2026)

The Lansing Brownfield Redevelopment Authority and City Council approved Brownfield Plan #91 for GTZ Properties’ redevelopment of 6420 S. Cedar Street, enabling up to $709,650 in tax increment reimbursements over a 15‑year term. The project includes environmental due care, demolition, site preparation, infrastructure improvements, and brownfield plan implementation to support a new fast-food restaurant and site-wide readiness.

Status
APPROVED
Document date
July 20, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Gtz Properties
Agency
City of Lansing · MI

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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
$1,981,168 total capital investment; $1,177,611 eligible activities; Developer reimbursement limited to $491,000 in eligible activities plus 5% simple interest ($218,650), maximum total reimbursement $709,650
Contract type
FINANCIAL_SERVICES
Contract term
Tax increment capture from 2027 through 2041; Brownfield Plan duration 15 years starting in 2027
Renewal date
2041-12-31
Renewal
Plan duration is fixed at 15 years of tax capture after the first year of capture (anticipated 2027). LBRA will not reimburse eligible activities completed after December 31, 2027. Future amendments to the plan are permitted under Act 381 but not yet specified.
Document type
AgendaPacket
Source document
City of Lansing Committee on Development and Planning Agenda Packet 2026-07-20

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Gtz Properties was awarded this financial services contract by City of Lansing, as recorded on July 20, 2026. The contract value is $1,981,168 total capital investment; $1,177,611 eligible activities; Developer reimbursement limited to $491,000 in eligible activities plus 5% simple interest ($218,650), maximum total reimbursement $709,650.

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

The Gtz Properties contract with City of Lansing is valued at $1,981,168 total capital investment; $1,177,611 eligible activities; Developer reimbursement limited to $491,000 in eligible activities plus 5% simple interest ($218,650), maximum total reimbursement $709,650, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Lansing Committee on Development and Planning Agenda Packet 2026-07-20 (AgendaPacket), dated July 20, 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.

View Gtz Properties's profile

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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