Obsolete Property Rehab Exemption Sought by SC Ventures

SC Ventures Bay City, LLC. has applied for a twelve-year Obsolete Property Rehabilitation Exemption Certificate for 500 Salzburg Avenue, tied to a rehabilitation investment of $197,095. The Commission will consider approving the long-term tax incentive to support redevelopment of the obsolete property.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Twelve-year exemption term

Renewal

Initial exemption term proposed for twelve years as permitted under the Obsolete Property Rehabilitation Act; any extension would require further approval.

Document type

AgendaPacket

Source document

City of Bay City Agenda Packet 2026-07-20

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Bay City City Commission Synopsis of Regular Meeting 2026-07-20

APPROVED

City of Bay, Michigan$197,095Jul 20, 2026

City of Bay City Agenda 2026-07-20

Frequently asked questions

Common questions about this contract, answered from the record.

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

Sc Ventures Bay City Llc was awarded this financial services contract by City of Bay, as recorded on July 20, 2026.

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 City of Bay City Agenda Packet 2026-07-20 (AgendaPacket), dated July 20, 2026 from City of Bay. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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