Council to hold public hearing Monday on redevelopment plan for former Speeds Automotive | News
CADILLAC – Cadillac City Council will be holding several public hearings on Monday.
Three of the hearings will focus on a redevelopment plan for an obsolete property on Mitchell Street; two will relate to proposed changes to the city’s ordinances on medical and recreational marijuana; and another testament for an extension of tax linked to the remediation of contaminated groundwater in the industrial park.
Automobile Speeds Project
According to council documents, Lee Richards and Elizabeth Schnettner own and are redeveloping the former Speeds Automotive property and adjacent property into a mixed-use residential / commercial project.
The development is currently planned to have 14 apartments totaling 8,828 square feet and commercial / retail space totaling 5,000 square feet. The estimated private investment in development is $ 2,994,532.
Because the income from rental income is not sufficient to cover the costs of rebuilding the building, in addition to the level of operating costs, the project will only be able to continue if the economic development tools and incentives available to the city ââare used.
To help with the redevelopment, council will consider approving a brownfield tax increase funding plan and a local tax abatement under the Obsolete Property Rehabilitation Act.
According to council documents, the brownfield plan was prepared to facilitate development by reimbursing the costs of lead and asbestos abatement, demolition and infrastructure through the capture of increased taxes generated by the private investment. The costs of eligible activities are estimated at $ 386,036.
The project also includes an OPRA tax allowance which will freeze the value of the building for local taxes for 12 years but provide for the collection of state taxes to reimburse eligible brownfield activities. The OPRA was used for the redevelopment of the Cobbs-Mitchell building and is comparable to the Commercial Redevelopment Act and Commercial Rehabilitation Act rebates that were established and previously used on other projects in the city, say the officials. board documents.
Marijuana Ordinance Amendments
Last month, the council voted to remove some restrictions on marijuana manufacturing facilities in areas of the city zoned for general industry and light industry.
Council subsequently voted to hold public hearings to discuss changes to ordinances establishing distance regulations for these facilities.
Cadillac city manager Marcus Peccia said the Cadillac Planning Commission unanimously approved recommendations that such facilities should not be built in close proximity to public or private schools.
Since arbitrary distance requirements – like not allowing establishments to operate within 1,000 or 500 feet of a school, for example – are not imposed on Cadillac’s other industries, Peccia said he doesn’t it would not be appropriate to impose such restrictions on marijuana.
Council will hear public comments on the planning commission’s recommendation not to build such facilities in close proximity to schools.
For 30 years, the town of Cadillac has diverted tax revenues from Harry Janderjagt Industrial Park for cleanup efforts after various contaminants from industrial activities were discovered years earlier in the groundwater supply.
According to the plan approved by the council in 1991, âThe city established the (Local Development Finance Authority) for the purpose of acquiring, constructing, installing and equipping a groundwater treatment plant in order to provide water to the district and simultaneously to decontaminate groundwater. found on adjacent plots of land and close to the district, thus making the rest of the property in the district susceptible to development.
The tax hike funding plan that was approved in 1991 expires this year and earlier this month Cadillac city council voted in favor of a public hearing to extend it for two years.
Cadillac City manager Marcus Peccia said previous estimates predicted it would be another two or three decades before cleanup efforts can be completed, although they currently do not have a specific timeline.
âIt just takes time,â said Peccia, who added that âsignificant achievementsâ have been made in cleaning up groundwater over the past 30 years; he said a pending analysis of groundwater should paint a more accurate picture of how long work will need to be continued.
Cadillac City Council meets Monday at 6 p.m. at the Cadillac Municipal Complex, located at 200 North Lake Street.