OTHERPENDING

Proposed Brownfield Reimbursement for 105 W. Porter/300 S. Superior

The proposed Amendment No. 1 to the Brownfield Plan for 105 W. Porter Street and 300 S. Superior Street would reimburse ACE Investment Properties LLC $506,891 in Brownfield-eligible costs through tax increment revenues. The plan covers environmental remediation, demolition, site preparation, infrastructure, and planning over a 35-year period with 28 years of tax capture.

Document date · April 2, 2026

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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
$506,891
Contract type
OTHER
Contract term
35 years (28 years of tax capture, starting 2027)
Renewal date
2054-12-31
Renewal
Amended Brownfield Plan extends capture duration from 25 to 28 years and updates eligible costs to $506,891 for developer reimbursement within a 35-year plan starting in 2019.
Document type
Agenda
Source document
Albion Economic Development Corporation Agenda April 2, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Albion?

Ace Investment Properties Llc was awarded this government contract by City of Albion, as recorded on April 2, 2026. The contract value is $506,891.

How much is the Ace Investment Properties Llc contract with City of Albion worth?

The Ace Investment Properties Llc contract with City of Albion is valued at $506,891.

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Albion Economic Development Corporation Agenda April 2, 2026 (Agenda), dated April 2, 2026 from City of Albion. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ace Investment Properties Llc hold?

Ace Investment Properties 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.

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