Title
Request to terminate the Brownfield Redevelopment Plan and Tax Increment Finance for Madison Park (owned by REI Brownstown LLC), consisting of eight parcels of land totaling approximately 78 acres located at the southeast corner of Hamlin and Adams Roads
Body
Whereas, on May 19, 2004, the Rochester Hills City Council approved a Brownfield Plan for environmental remediation and mixed use commercial redevelopment of approximately 78 acres of real property located at the southeast corner of Adams and Hamlin in the City of Rochester Hills, Oakland County, Michigan, more particularly described in Exhibit A but including parcel numbers 15-29-151-008, 15-29-151-011, 15-29-151-012, 15-29-151-015, 15-29-151-017, 15-29-176-004, 15-29-176-006 and 15-29-176-008; and
Whereas, the Brownfield Act at MCL 125.2664(8)(b) provides that a Brownfield Plan may be terminated by the City Council for an eligible property of the project for which eligible activities were identified in the Brownfield Plan fail to occur for at least two years following the date of the resolution approving the Brownfield Plan; and
Whereas, in accordance with statute, the owner/developer of the subject property has been given more than 30 days advance written notice and an opportunity to be heard at a public meeting prior to termination of the Brownfield Plan; and
Whereas, the remediation and redevelopment of the subject property contemplated under the Brownfield Plan never commenced nor occurred.
Resolved, that the Rochester Hills City Council hereby terminates the Brownfield Plan previously approved on May 19, 2004 for the subject property.