Title
Request for review and approval of the fifth reimbursement request associated with the cost for eligible activities completed for the Legacy of Rochester Hills (City File No. 17-043) brownfield cleanup, located at the northeast corner of Adams and Hamlin, zoned by Consent Judgment, Parcel Nos. 15-29-101-022 and -023, LRH Development, LLC, Applicant
Body
Resolved, in the matter of City File No. 17-043, the Brownfield Redevelopment Authority approves the reimbursement request #5 dated October 14, 2024 from AKT Peerless on behalf of LRH Development, LLC, for $449,839.09 as further defined in ASTI’s Memo dated January 10, 2025, as payment for the cost of eligible activities for the Legacy of Rochester Hills project, as this portion of the request is in compliance with the approved Brownfield Plan, the Reimbursement Agreement, 1996 PA 381 (Act 381) at the time of the Brownfield Plan approval, the City’s cost reimbursement procedures, and generally accepted practices.