DBRA Detroit Brownfield Redevelopment Authority 500 Griswold Street Suite 2200 Detroit, Michigan Phone: Fax:

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1 Phone: Fax: DETROIT BROWNFIELD REDEVELOPMENT AUTHORITY REGULAR BOARD OF DIRECTORS MEETING WEDNESDAY, AUGUST 23, :00 PM BOARD MEMBERS PRESENT: BOARD MEMBERS ABSENT: Maggie DeSantis John George Sonya Mays Pamela McClain Derrick Sanders Raymond Scott Matt Walters Stephanie Washington Donele Wilkins None OTHERS PRESENT: Ayesha Maxwell (DEGC/) Brian Vosburg (DEGC/) Malinda Jensen(DEGC) Eric Tuomey (DEGC) Elizabeth Brinson (DEGC) Rebecca Navin (DEGC) Jessica Debone (PM Environmental) Matt Hessler (Bagley Forest Property) Graten Little (BASCO)

2 Phone: Fax: MINUTES OF THE DETROIT BROWNFIELD REDEVELOPMENT AUTHORITY REGULAR MEETING WEDNESDAY, AUGUST 23, 2017 DETROIT ECONOMIC GROWTH CORPORATION 500 GRISWOLD SUITE 2200 DETROIT, MI - 4:00PM CALL TO ORDER Vice Chair Maggie DeSantis called the meeting to order at 4:09 PM. GENERAL Approval of Minutes: Ms. DeSantis called for a motion approving the minutes of August 9, 2017 as presented. The Board took the following action: On a motion by Mr. Sanders seconded by Ms. McClain, Resolution Code was approved. Acceptance of the May 2017 Treasurer s Report Ms. Brinson presented the July 2017 Treasurer s Report and answered various questions the board members presented. Ms. Jensen provided additional details about special projects line item listed in the budget. Ms. Desantis called for a motion accepting the July 2017 Treasurer s Report. On a motion by Mr. George, seconded by Ms. Washington, Resolution Code was unanimously approved. 7.Liv Brownfield Redevelopment Plan Approval Ms. Maxwell presented the 7.Liv Brownfield Redevelopment Plan. PowerPoint slides provided maps and renderings of the project. The development team provided additional information regarding the project s intended use and the developer responded to board member questions about community support. Ms. DeSantis asked for the developer to walk the board through the letters of support received and to elaborate on the community member in opposition of the project. Mr. Hessler explained the letters of support provided to date and also explained that the community member in opposition was not in favor of the project due to the school capture. Mr. Vosburg stated that he explained the state makes the local school district whole in relation to an incurred loss.

3 Project Introduction Bagley Forest Property, LLC is the project developer (the Developer ) for the Plan which entails one parcel totaling.57 acres and is developed with an approximately 26,000 square foot building constructed in 1940, with additions constructed in 1949 and The developer intends to demolish the structure at the corner of Livernois and Seven Mile (approximately 10,000 square feet), with the other two structures to remain. A new structure will be constructed to replace the corner building and orient storefronts along Livernois, while creating cohesiveness with the remaining single story structure. The final use will serve as an active, living environment servicing the needs of the community through mix of retail, commercial eatery/café, and multi family dwelling units catered to the local student population. The B. Siegel Department Store will remain and serve as the anchor retail store for the development. The residential component will consist of three studio apartments, one 1-bedroom apartment and six 2-bedroom apartments. A total of 20,500 square feet will be reserved for retail and restaurant uses. Potential identified tenants include a clothing retailer, a coffee shop and a yoga studio. An underground parking garage will be added to the property beneath the B.Siegel Department Store and the corner building to provide residential tenant and commercial tenant employee parking. It is estimated that 27 temporary construction jobs will be created and 30 additional permanent jobs are expected to be created by prospective tenants. Total investment is expected to be approximately $8,000, The Developer is requesting $1,847, in TIF reimbursement under the proposed Plan. Property Subject to the Plan The eligible property (the Property ) consists of a single (1) parcel containing only the B. Siegel Building located at Livernois Avenue in the Bagley Community on the western border of the University District of Detroit. Basis of Eligibility The property is considered eligible property as defined by Act 381, Section 2 because (a) the property was previously utilized for a commercial purpose; (b) it is located within the City of Detroit, a qualified local governmental unit under Act 381; and (c) the Property is determined to be a facility as described in Part 201 of the Natural Resources and Environmental Protection Act, 1994 PA 451, MCL to ( Part 201 ). Eligible Activities and Projected Costs The eligible activities that are intended to be carried out at the Property are considered eligible activities as defined by Sec 2 of Act 381, because they include baseline environmental assessment activities, due care activities and infrastructure improvements and the development and preparation of brownfield plan and /or work plan. The eligible activities and budgeted costs are intended as part of the development of the Property and will be financed solely by the Developer. The Authority is not responsible for any costs of eligible activities and will incur no debt. The eligible activities are estimated to begin in the winter of 2017 and be complete within two years. Tax Increment Financing (TIF) Capture The Developer desires to be reimbursed for the costs of eligible activities. Tax increment revenue generated by the Property will be captured by the and used to reimburse the cost of the

4 eligible activities completed on the Property after approval of this Plan pursuant to the terms of a Reimbursement Agreement with the. COSTS TO BE REIMBURSED WITH TIF 1. Phase I ESA Update $1, Due Care Activities $161, Infrastructure Improvements (Underground Parking) $907, Brownfield Plan $10, Work Plan $10, Contingency Less BEA, Brownfield, and Workplan $85, Total Reimbursement to Developer $1,175, Authority Administrative Costs $281, State Brownfield Redevelopment Fund $73, Local Brownfield Revolving Fund $316, TOTAL Estimated Costs $1,847, The actual cost of those eligible activities encompassed by this Plan that will qualify for reimbursement from tax increment revenues of the from the Property shall be governed by the terms of the Reimbursement Agreement. Attached for Board review and approval was a resolution approving the 7.Liv Brownfield Redevelopment Plan and its submittal to Detroit City Council. Ms. Desantis called for a motion approving the referral of the 7.Liv Brownfield Redevelopment Plan and its submittal to the Detroit City Council. The Board took the following action: On a motion by Mr. George, seconded by Ms. Wilkins, Resolution Code was unanimously approved. At 4:17 PM Mr. Walters arrived. 220 West Congress Brownfield Redevelopment Plan Approval: Ms. Maxwell presented the 220 West Congress Brownfield Redevelopment Plan. PowerPoint slides provided maps and renderings of the project. The development team provided additional information regarding the project s intended use and the developer responded to board member questions about tenants, funding sources and hiring of Detroit residents. Project Introduction 220 West Congress Detroit, LLC is the project developer (the Developer ) and owner of the property for the Plan which entails one parcel, commonly known as 220 West Congress Street. The developer intends to renovate the five-story building on the property to modernize the 36,500 total square feet of office and retail space. Constructed in the early 1900 s, the building has been occupied by various professional offices and restaurants since the 1950 s and is currently 96% vacant. The final use will serve as mixed use space. The first-floor retail space will be completely renovated with the intention of retaining the current Subway tenant, the building s sole current tenant. The second through fifth floors will be extensively renovated and will be marketed as incubator-style office spaces. The Developer has received interest from potential tenants in tech

5 and creative industries and hopes to secure tenants who will help to activate the Congress Street Corridor and the west side of Detroit s Central Business District (CBD). The Developer will restore and rehabilitate the building s exterior, including a redesigned façade and repurposed roof with a rooftop terrace. The building s interior will be rehabilitated to include energy efficient building materials and mechanics. Additionally, the Developer is working with the City to invest in improvements to the adjoining, publicly owned alley to the west of the building with the intention of activating the alley a public gathering and art space. It is estimated that 40 temporary construction jobs will be created and 1 additional permanent jobs by developer as well as 75 expected jobs to be created by prospective tenants. Total investment is expected to be approximately $6,898, The Developer is requesting $1,077, in TIF reimbursement under the proposed Plan. Property Subject to the Plan The eligible property (the Property ) consists of a single (1) parcel containing only 220 West Congress Street located in Detroit s Central Business District and Historic Detroit Financial District. The property is located on the west side of downtown Detroit bounded by the alley between Shelby Street and West Fort Street to the north, the property line to the east, West Congress Street to the South and the alley between West Congress and Washington Boulevard to the west Basis of Eligibility The property is considered eligible property as defined by Act 381, Section 2 because (a) the property was previously utilized for a commercial purpose; (b) it is located within the City of Detroit, a qualified local governmental unit under Act 381; and (c) the Property is determined to be a facility as described in Part 201 of the Natural Resources and Environmental Protection Act, 1994 PA 451, MCL to ( Part 201 ). Eligible Activities and Projected Costs The eligible activities that are intended to be carried out at the Property are considered eligible activities as defined by Sec 2 of Act 381, because they include baseline environmental assessment activities, due care activities, demolition and lead and asbestos abatement, infrastructure improvements, site preparation activities and the development and preparation of brownfield plan and /or work plan. The eligible activities and budgeted costs are intended as part of the development of the Property and will be financed solely by the Developer. The Authority is not responsible for any costs of eligible activities and will incur no debt. The eligible activities are estimated to begin in the winter of 2017 and be complete within two years. Tax Increment Financing (TIF) Capture The Developer desires to be reimbursed for the costs of eligible activities. Tax increment revenue generated by the Property will be captured by the and used to reimburse the cost of the eligible activities completed on the Property after approval of this Plan pursuant to the terms of a Reimbursement Agreement with the. COSTS TO BE REIMBURSED WITH TIF 1. Phase I ESA Update $2, Phase II ESA/BEA/DDCC $9, Due Care Activities $50, Demolition $180,000.00

6 5. Asbestos and Lead $24, Infrastructure Improvements $508, Site Preparation Activities $130, Brownfield Plan and Act 381 Work Plan $40, % Contingency $133, Total Reimbursement to Developer $1,077, Authority Administrative Costs $153, State Brownfield Redevelopment Fund $147, Local Brownfield Revolving Fund $86, TOTAL Estimated Costs $1,464, The actual cost of those eligible activities encompassed by this Plan that will qualify for reimbursement from tax increment revenues of the from the Property shall be governed by the terms of the Reimbursement Agreement. Other Development Incentives The Developer of this Plan is seeking additional support through the Michigan Strategic Fund s Community Revitalization Program and through an Obsolete Property Rehabilitation Act (OPRA) abatement. Attached for your review and approval is a resolution authorizing 220 West Congress Brownfield Plan for submittal to the Community Advisory Committee for consideration and comment within 30 days of their receipt of the proposed Plan. In addition, it authorizes the President of the Detroit Economic Growth Corporation or any person designated by him, as a representative of the, to conduct a public hearing in the area to which the Proposed Plan applies within the next 30 days. This public hearing may be held jointly with any public hearing conducted by the Community Advisory Committee. Mr. Walters called for a motion approving the referral of the 220 West Congress Brownfield Redevelopment Plan and its submittal to the -CAC as presented. The Board took the following action: On a motion by Ms. Wilkins, seconded by Ms. Desantis, Resolution Code was unanimously approved. 751 Griswold Brownfield Redevelopment Plan Approval: Mr. Vosburg presented the 751 Griswold Brownfield Redevelopment Plan. PowerPoint slides provided maps and renderings of the project. The development team provided additional details about the history of the project and the current need for Tax Increment Financing. Project Introduction 751 Griswold Detroit, LLC is the project developer (the Developer ) for the Plan which entails the renovation of a four-story office building, constructed in 1924 under architect Albert Kahn and sculptor Corrado Parducci. The renovation includes retail space on the first floor and office space on the 2 nd through 4 th floors. The first-floor retail space will make use of both the basement and mezzanine space. The redesign of the building incorporates essential considerations specific to modern office spaces and state of the art telecommunications technology systems. The rehabilitation of the Property includes the repair or replacement of all of the deteriorated and/or damaged plaster, masonry, brick and stone. Particular attention is being given to the preservation

7 of the historic nature of the Property by ensuring that the damaged decorative details will be replaced with material consistent with the current profile, finish, and color. It is estimated that 79 temporary construction jobs will be created and 2 permanent jobs are expected to be created. Total investment is expected to be approximately $6,883, The Developer is requesting $836, in TIF reimbursement for eligible activities under the proposed Plan. Property Subject to the Plan The eligible property (the Property ) consists of a single (1) parcel located at 751 Griswold Street in Detroit s Central Business District, bounded by West Lafayette Boulevard to the north, Griswold Street to the east, the property line to the south and the property line to the west. Basis of Eligibility The property is considered eligible property as defined by Act 381, Section 2 because (a) the property was previously utilized for a commercial purpose; (b) it is located within the City of Detroit, a qualified local governmental unit under Act 381; and (c) the Property is determined to be a historic resource and functionally obsolete. Eligible Activities and Projected Costs The eligible activities that are intended to be carried out at the Property are considered eligible activities as defined by Sec 2 of Act 381, because they included include demolition and asbestos abatement, infrastructure improvements, site preparation, and development and preparation of brownfield plan and/or work plan. The eligible activities and budgeted costs are intended as part of the development of the Property and will be financed solely by the Developer. The Authority is not responsible for any costs of eligible activities and will incur no debt. Eligible activities commenced in October 2014 and completed in April The project is requesting retroactive reimbursement on eligible activities due to an increase in budget and timelines on the project as a result of numerus unforeseen circumstances. This included identification of plaster behind the previous wall coverings (i.e. drywall, paneling), which was determined to be asbestos containing. The asbestos containing materials were extensive and required abatement throughout the entire building. Re-construction and stabilization of the sidewalks surrounding the property, was required by the City of Detroit. During the start of construction, the City determined the existing public sidewalks to be structurally unsound, which required a full tear out and re-build of the infrastructure. In addition to the demolition and new concrete that was required, this included re-engineering and construction of all the supports under the sidewalk in the basement of the building, which extends under the public sidewalk space. Relocation and replacement to existing utility lines were required as a result of the construction on the sidewalk as well. Tax Increment Financing (TIF) Capture The Developer desires to be reimbursed for the costs of eligible activities. Tax increment revenue generated by the Property will be captured by the and used to reimburse the cost of the eligible activities completed on the Property after approval of this Plan pursuant to the terms of a Reimbursement Agreement with the. COSTS TO BE REIMBURSED WITH TIF 1. Demolition $285, Asbestos Abatement $213,814.00

8 3. Infrastructure Improvements $139, Site Preparation $185, Brownfield Plan and Work Plan Preparation $12, Total Reimbursement to Developer $836, Authority Administrative Costs $90, State Brownfield Redevelopment Fund $98, Local Brownfield Revolving Fund $0.00 TOTAL Estimated Costs $1,025, The actual cost of those eligible activities encompassed by this Plan that will qualify for reimbursement from tax increment revenues of the from the Property shall be governed by the terms of the Reimbursement Agreement. Other Incentives The Developer is seeking additional incentives through the Michigan Strategic Fund s Community Revitalization Program, through and Obsolete Property Rehabilitation Tax Abatement (OPRA), and federal Historic Preservation Tax Credits. Attached for your review and approval is a resolution authorizing the 751 Griswold Brownfield Plan for submittal to the Community Advisory Committee for consideration and comment within 30 days of their receipt of the proposed Plan. In addition, it authorizes the President of the Detroit Economic Growth Corporation or any person designated by him, as a representative of the, to conduct a public hearing in the area to which the Proposed Plan applies within the next 30 days. This public hearing may be held jointly with any public hearing conducted by the Community Advisory Committee. Mr. Walters called for a motion approving the referral of the 751 Griswold Brownfield Redevelopment Plan and its submittal to the -CAC as presented. The Board took the following action: On a motion by Mr. George, seconded by Ms. Washington, Resolution Code was unanimously approved. Acquistion of 2126 Pierce Street, Detroit, MI (Eastern Market) Mr. Tuomey presented to the Board details pertaining to the acquisition of 2126 Pierce Street in Detroit, MI. Property Introduction In furtherance of the s statutory goal of revitalizing environmentally distressed areas and alleviating blight within the City of Detroit, the staff has identified one (1) property located at 2126 Pierce Street in the City of Detroit (the Property ) that is a strategic parcel to commence a larger land assemblage strategy in the area bounded by St. Aubin Street (West), Mack Avenue (North), Chene Street (East), and Wilkins Street (South) known as the Eastern Market Corporation s (EMC) Neighborhood Business Innovation Zone (NBIZ). The acquisition of the Property by the is appropriate because it is located within the NBIZ and the acquisition will facilitate EMC s and the City s vision of the NBIZ as a high-tech center for food production, processing, and distribution center within the transitional space of vacant land adjacent to the Eastern Market Core.

9 On August 2, 2017 Authorized Agents executed a non-binding Letter of Intent with respect to the purchase of the Property, a copy of which is attached as Exhibit A (the LOI ), subject to, among other things, approval of the Board. The LOI contemplates that upon execution of a binding agreement (the Purchase Agreement ), would make a $25,000 earnest money deposit and then commence a 90-day due diligence period during which it has the right to terminate the agreement for any reason. The total acquisition price for the Property is $189, In addition to acquisition costs, staff is estimating an additional $9,450 environmental, title, and appraisal, survey work and related costs, which result in an estimated budget of $198,450. As a potential source of funding for the acquisition and related costs, staff has approached representatives from the City s Department of Housing and Revitalization (HRD). Because the acquisition of the Property furthers the City s and EMC s mission of creating a NBIZ for advance food manufacturing that will provide jobs for low- to moderate-income residents within the surrounding neighborhoods, representatives from the HRD believe that the acquisition may be eligible to be funded using Community Development Block Grant (CDBG) funding. In particular, the City and the Economic Development Corporation of the City of Detroit (EDC) are currently pursuing approvals for an agreement under which EDC would be a sub-recipient of CDBG funding for certain planning activities in the Eastern Market area. Subject to appropriate approvals by HRD, EDC and HUD, such activities and budget allocation could be expanded to include the acquisition of the Property, and the EDC and would enter a sub-sub-recipient agreement pursuant to which would manage the acquisition of the Property (the CDBG Agreement ). In the event that staff is unable to receive appropriate approvals for the CDBG Agreement or identify another third-party funding source prior to the expiration of the due diligence period, unless otherwise approved by the Board, staff would terminate the Agreement. In this event, the earnest money deposit would be returned to the and s sole remaining liability with respect to the Property would be the payment for its due diligence expenses. The staff is seeking authority to enter into a purchase agreement with respect to the Property, pursue standard due diligence activities, and secure a third-party funding source, which may include the CDBG Agreement. A resolution is attached for your consideration. Mr. Walters called for a motion approving the purchase agreement as presented. The Board took the following action: Ms. Mays and Ms. DeSantis recused themselves from the vote due to existing business conflict. OTHER None On a motion by Ms. Wilkins, seconded by Ms. McClain, Resolution Code was approved. PUBLIC COMMENT None ADJOURNMENT Citing no further business, Mr. Walters called for a motion to adjourn the meeting. On a motion by Mr. Sanders, seconded by Ms. McClain the meeting was unanimously adjourned at 4:55 PM.

10 Phone: Fax: CODE APPROVAL OF MINUTES AUGUST 9, 2017 RESOLVED, that the minutes of the regular meeting of the August 9, 2017 are hereby approved and all actions taken by the Directors present at such meeting, as set forth in such minutes, are hereby in all respects ratified and approved as actions of the. August 23, 2017

11 Phone: Fax: ACCEPTANCE OF TREASURER S REPORT FOR JULY 2017 RESOLVED, that the Treasurer s Report of Receipts and Disbursements for the period July 1 through July 31, 2017, as presented at this meeting is hereby in all respects accepted as actions of the. August 23, 2017

12 Phone: Fax: CODE LIV BROWNFIELD REDEVELOPMENT PLAN WHEREAS, pursuant to 381 PA 1996 ( Act 381 ), the City of Detroit Brownfield Redevelopment Authority (the ) has been established by resolution of the City Council of the City of Detroit (the City ) for the purpose of promoting the revitalization of environmentally distressed areas in the City; and WHEREAS, under Act 381 the is authorized to develop and propose for adoption by City Council a brownfield plan for one or more parcels of eligible property; and WHEREAS, pursuant to the resolution establishing the and the bylaws of the, the has submitted the proposed Brownfield Plan for the 7.Liv (the Plan ) to the Community Advisory Committee for consideration and comment has solicited comments by publication of notice that the proposed Plan has been submitted to the Community Advisory Committee and by conducting a public hearing in the area to which the proposed Plan applies; and WHEREAS, the Community Advisory Committee has considered the proposed Plan and approved a resolution recommending the approval of the proposed Plan by the Authority and the City Council as presented by the Authority; and WHEREAS, in accordance with the provisions of Act 381, the Authority desires to approve the proposed Plan and to request the Detroit City Council to call a public hearing to consider and adopt a resolution approving the proposed Plan. NOW, THEREFORE, BE IT RESOLVED: 1. The Authority determines that it is necessary for the achievement of the purposes of Act 381 to adopt the brownfield plan for the 7.Liv Redevelopment Project and submit it to the Detroit City Council for approval. 2. The Authority approves the Plan in the form attached hereto and on file with the Secretary of the Authority. 3. The Secretary is authorized and directed to submit a certified copy of this Resolution and the Plan to the City Clerk, together with a request that the Detroit City Council call a public hearing concerning the Plan and to take all other actions required to approve the Plan in accordance with Act All resolutions and parts of resolutions insofar as they conflict with the provisions of this resolution are rescinded. August 23, 2017

13 Phone: Fax: CODE LIV BROWNFIELD REDEVELOPMENT PLAN WHEREAS, pursuant to 381 PA 1996 ( Act 381 ), the City of Detroit Brownfield Redevelopment Authority (the ) has been established by resolution of the City Council of the City of Detroit (the City ) for the purpose of promoting the revitalization of environmentally distressed areas in the City; and WHEREAS, under Act 381 the is authorized to develop and propose for adoption by City Council a brownfield plan for one or more parcels of eligible property; and WHEREAS, pursuant to the resolution establishing the and the bylaws of the, the has submitted the proposed Brownfield Plan for the 7.Liv (the Plan ) to the Community Advisory Committee for consideration and comment has solicited comments by publication of notice that the proposed Plan has been submitted to the Community Advisory Committee and by conducting a public hearing in the area to which the proposed Plan applies; and WHEREAS, the Community Advisory Committee has considered the proposed Plan and approved a resolution recommending the approval of the proposed Plan by the Authority and the City Council as presented by the Authority; and WHEREAS, in accordance with the provisions of Act 381, the Authority desires to approve the proposed Plan and to request the Detroit City Council to call a public hearing to consider and adopt a resolution approving the proposed Plan. NOW, THEREFORE, BE IT RESOLVED: 1. The Authority determines that it is necessary for the achievement of the purposes of Act 381 to adopt the brownfield plan for the 7.Liv Redevelopment Project and submit it to the Detroit City Council for approval. 2. The Authority approves the Plan in the form attached hereto and on file with the Secretary of the Authority. 3. The Secretary is authorized and directed to submit a certified copy of this Resolution and the Plan to the City Clerk, together with a request that the Detroit City Council call a public hearing concerning the Plan and to take all other actions required to approve the Plan in accordance with Act All resolutions and parts of resolutions insofar as they conflict with the provisions of this resolution are rescinded. August 23, 2017

14 Phone: Fax: CODE WEST CONGRESS BROWNFIELD REDEVELOPMENT PLAN TRANSMITTAL OF BROWNFIELD PLAN TO THE COMMUNITY ADVISORY COMMITTEE WHEREAS, pursuant to 381 PA 1996 ( Act 381 ), the City of Detroit Brownfield Redevelopment Authority (the ) has been established by resolution of the City Council of the City of Detroit (the City ) for the purpose of promoting the revitalization of environmentally distressed areas in the City; and WHEREAS, under Act 381 the is authorized to develop and propose for adoption by City Council a brownfield plan for one or more parcels of eligible property; and WHEREAS, under the resolution establishing the and the bylaws of the requires the, prior to the approval of a brownfield plan, submit the proposed brownfield plan to the Community Advisory Committee for consideration and comment and solicit comments by publication of notice that the proposed brownfield plan has been submitted to the Community Advisory Committee and by conducting a public hearing in the area to which the proposed Plan applies. NOW, THEREFORE, BE IT RESOLVED: 1. The City of acknowledges receipt of the proposed Brownfield Plan for the 220 West Congress Brownfield Redevelopment Plan (the Proposed Plan ) and authorizes and directs the Chairperson to cause the Proposed Plan to be transmitted to the Community Advisory Committee for consideration and comment within 30 days of their receipt of the Proposed Plan. 2. The President of the Detroit Economic Growth Corporation or any person designated by him, as a representative of the, shall conduct a public hearing in the area to which the Proposed Plan applies within the next 30 days. This public hearing may be held jointly with any public hearing conducted by the Community Advisory Committee. 3. The Chairperson is authorized and directed to cause there to be published notice that the Proposed Plan has been submitted to the Community Advisory Committee and of the public hearing to be held pursuant to this resolution. BE IT FINALLY RESOLVED, that all of the acts and transactions of any Officer or Authorized Agent of the in the name and on behalf of the, relating to matters contemplated by the foregoing resolutions, which acts would have been approved by the foregoing resolution except that such acts were taken prior to execution of these resolution, are hereby in all respects confirmed, approved and ratified. August 23, 2017

15 Phone: Fax: CODE GRISWOLD BROWNFIELD REDEVELOPMENT PLAN TRANSMITTAL OF BROWNFIELD PLAN TO THE COMMUNITY ADVISORY COMMITTEE WHEREAS, pursuant to 381 PA 1996 ( Act 381 ), the City of Detroit Brownfield Redevelopment Authority (the ) has been established by resolution of the City Council of the City of Detroit (the City ) for the purpose of promoting the revitalization of environmentally distressed areas in the City; and WHEREAS, under Act 381 the is authorized to develop and propose for adoption by City Council a brownfield plan for one or more parcels of eligible property; and WHEREAS, under the resolution establishing the and the bylaws of the requires the, prior to the approval of a brownfield plan, submit the proposed brownfield plan to the Community Advisory Committee for consideration and comment and solicit comments by publication of notice that the proposed brownfield plan has been submitted to the Community Advisory Committee and by conducting a public hearing in the area to which the proposed Plan applies. NOW, THEREFORE, BE IT RESOLVED: 1. The City of acknowledges receipt of the proposed Brownfield Plan for the 751 Griswold Brownfield Redevelopment Plan (the Proposed Plan ) and authorizes and directs the Chairperson to cause the Proposed Plan to be transmitted to the Community Advisory Committee for consideration and comment within 30 days of their receipt of the Proposed Plan. 2. The President of the Detroit Economic Growth Corporation or any person designated by him, as a representative of the, shall conduct a public hearing in the area to which the Proposed Plan applies within the next 30 days. This public hearing may be held jointly with any public hearing conducted by the Community Advisory Committee. 3. The Chairperson is authorized and directed to cause there to be published notice that the Proposed Plan has been submitted to the Community Advisory Committee and of the public hearing to be held pursuant to this resolution. BE IT FINALLY RESOLVED, that all of the acts and transactions of any Officer or Authorized Agent of the in the name and on behalf of the, relating to matters contemplated by the foregoing resolutions, which acts would have been approved by the foregoing resolution except that such acts were taken prior to execution of these resolution, are hereby in all respects confirmed, approved and ratified. August 23, 2017

16 Phone: Fax: CODE ACQUISITION OF 2126 PIERCE WHEREAS, pursuant to Act 381 of 1996, as amended, the City of Detroit Brownfield Redevelopment Authority () has the power to acquire property in furtherance of the purposes of revitalizing environmentally distressed areas; and WHEREAS, the Board has determined that the acquisition of 2126 Pierce Street (the Property ) pursuant to the terms and conditions set forth in the Letter of Intent attached as Exhibit A hereto (the LOI ) will be consistent with the purposes for which the was created and in furtherance of its statutorily defined missions; and WHEREAS, staff anticipates securing a third party funding source for the acquisition of the Property, which funding source may be the use of Community Development Block Grant funds through an agreement with the Economic Development Corporation of the City of Detroit (the EDC ), subject to necessary approvals from the EDC, the City, and HUD; and WHEREAS, pursuant to its statutorily authorized powers, the has the power to acquire property, accept funding and take the other steps contemplated by this Resolution. NOW, THEREFORE, BE IT RESOLVED, that the hereby authorizes the acquisition of the Property pursuant to the terms set forth in the LOI, subject to staff identifying and securing an appropriate third party funding source for the purchase price prior to the expiration of the due diligence period for the Property; and BE IT FURTHER RESOLVED, that the Board of Directors of the authorizes the acceptance of CDBG funds, or the acceptance of other appropriate third party funds, as applicable, for the acquisition of the Property. BE IT FURTHER RESOLVED that any two Officers, or any one of the Officers and any one of the Authorized Agents or any two of the s Authorized Agents, shall hereafter have the authority to negotiate and execute any and all documents, contracts or other papers necessary or appropriate to implement the provisions and intent of this resolution on behalf of the ; and BE IT FINALLY RESOLVED that all of the acts and transactions of any officer or authorized agent of the, in the name and on behalf of the, relating to matters contemplated by the foregoing resolutions, which acts would have been approved by the foregoing resolutions except that such acts were taken prior to execution of these resolutions, are hereby in all respects confirmed, approved and ratified. August 23, 2017