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Purpose: Is to encourage and assist developers who want to return property to productive use more quickly and at lower costs than before, while still protecting human resources. This is done via Brownfield tax increment-financing provisions which allow reimbursement of costs of baseline environmental assessment, due care activities and cleanup activities at contaminated sites. The city of Fenton has several properties that qualify and are being pursued under the Brownfield Act. The City’s goal is to remediate and develop property considered a Brownfield site. Currently the Redevelopment Authority is considering the Tipsico Lake and Oak Street Property, both of which are owned by the City Of Fenton.
Agendas:
Minutes: