FINANCIAL_SERVICESAPPROVED

City of Muskegon Agenda Packet 2026-06-09

Industrial Facilities Tax Exemption Approved for American Fab

$665,996 total investment (tax abatement on eligible real property improvements)City of MuskegonAMERICAN FABRICATED PRODUCTS INCJune 9, 2026

Trusted by teams at

Description

The Muskegon City Commission approved a nine-year Industrial Facilities Tax Exemption Certificate for American Fabricated Products, INC for real property improvements at 331 W. Laketon Avenue tied to a $665,996 rehabilitation investment. The tax abatement is expected to reduce property taxes on eligible improvements by 50% while supporting job creation and relocation of the manufacturer to Muskegon.

Contract Details

Contract Amount

$665,996 total investment (tax abatement on eligible real property improvements)

Vendor

AMERICAN FABRICATED PRODUCTS INC

Agency

City of Muskegon, MI

Contract Type

FINANCIAL_SERVICES

Document Date

June 9, 2026

Contract Term

Nine (9) years Industrial Facilities Exemption

Renewal Date

2035-06-09

Renewal Info

Industrial Facilities Exemption Certificate granted for a fixed nine-year term on real property improvements; renewal would require a new application and approval process under PA 198.

More from AMERICAN FABRICATED PRODUCTS INC