Northville Downs Developer Reimbursement Agreement Ongoing
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Description
The BRA discussed the ongoing Reimbursement Agreement with Northville Downs developer Hunter Pasteur, which allows recovery of up to $17.8 million in eligible brownfield costs funded by tax increment revenues after DDA and LBRF allocations. Reimbursement is projected to run through tax years ending in December 2033, with a maximum state tax capture of about $2.08 million.
Contract Details
Vendor
HUNTER PASTEUR
Agency
City of Northville, MI
Contract Type
OTHER
Document Date
May 9, 2026
Contract Term
Tax increment reimbursement projected through December 2033 taxes
Renewal Date
2033-12-31
Renewal Info
Reimbursement Agreement specifies timing tied to tax years with final reimbursement years 2032 and 2033 at 75% capture; extension would require a future amendment not yet approved.
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Northville Brownfield Redevelopment Authority Meeting Minutes May 2026
Northville Brownfield Redevelopment Authority Meeting Minutes May 2026
Northville Brownfield Redevelopment Authority Meeting Minutes May 2026
Northville City Council Meeting Agenda May 4 2026
Northville City Council Meeting Agenda May 4 2026
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