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2001 - Saginaw County

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Board of Commissioners March 27, <strong>2001</strong><br />

By Commissioner Hare: That the Report of the Committee be received<br />

and the recommendations contained therein be adopted. Approved.<br />

Attachment to Report 3-27-3.1<br />

<strong>Saginaw</strong> <strong>County</strong>, Brownfield Redevelopment Authority<br />

Brownfield Plan Executive Summary<br />

Brownfield Redevelopment Authority approval date: Plan No. and<br />

Amendment No.:<br />

Local Unit of Government concurrence with Brownfield<br />

Plan date: Chesaning Village 1/23/01 Chesaning Township 1/23/01<br />

Governing body approval date: Plan duration (years): 6<br />

Project Name Proposed Tuscarora, Inc.Tax ID#: 25-1119372<br />

Formerly know as: N/A<br />

Address: 17000 Sharon Road, Chesaning, MI 48616<br />

Local Governmental Unit: Village of Chesaning and Chesaning Township<br />

Qualified Local Governmental Unit (ie: Core Community) Yes_No<br />

Governing Body: <strong>Saginaw</strong> <strong>County</strong> Board of Commissioners<br />

Project Qualification (circle one): _ FacilityFunctionally<br />

Obsolete<br />

Blighted<br />

Developer Name: --- Tuscarora, Inc.<br />

Project Description: Construction of a new industrial building to<br />

perform molding of polystyrene and polypropylene products, production<br />

of integrated material packaging, and thermoforming of packing and<br />

components for consumer products.<br />

Level of environmental assessment complete:<br />

Phase I ESA? _Yes NoPhase II ESA? _YesNoBEA?YesNo<br />

Number of new and/or retained jobs: 50 jobs will be retained & 30 new<br />

jobs will be created.<br />

_ Single Business Tax Credit$10 Million or less of Eligible<br />

Investment _Yes,<br />

Treasurer pre-approval letter date:<br />

More than $10 Million of Eligible Investment _Yes,<br />

MEGA pre-approval letter date: NA<br />

_Local Tax Capture<br />

NASchool tax capture-Date of MDEQ/MEGA Work Plan approval: NA<br />

_Excess tax capture for placement in Local Site Remediation Revolving<br />

Fund<br />

Initial real taxable value: $ 19,600New real investment: $ 4,000,000<br />

Initial personal taxable value: $ 0 New personal investment: $<br />

4,000,000<br />

Projected total TIF revenues: $ 52,573/ yearPayment terms: When<br />

available from tax capture<br />

Method of financing the cost of eligible activities: Private<br />

117

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