2001 - Saginaw County

Board of Commissioners June 26, 2001
other business into the community as well as create 50 to 100 new
jobs. This project has a potential investment of millions of
dollars. A work plan would have to be submitted to the DEQ and
their approval of the work plan must be secured before the project
could proceed.
Interest and repayment on Revitalization Loans are not required
for the first five years of the loan. Thereafter an interest rate
of 2.25% is charged until repayment is made.
The loan would be paid by the Developer from the captured tax
increment on the Brownfield project. In recommending this action,
the Brownfield Redevelopment Authority cited several necessary
stipulations for the loan to be approved as follows:
•All County costs to process the loan to be repaid by the
developers upon completion of the loan
•County will be reimbursed first from all captured tax increments
for the entire cost of the loan
•All parties to the note will sign personal Guarantees if the
project fails to generate sufficient diverted taxes
•These arrangements to be included as part of an approved
Brownfield Redevelopment Plan developed at a later date
FROM: COMMITTEE ON COUNTY SERVICES -- 3.3 JUNE 26, 2001
Your committee has considered communication 6-26-20 from John
Schmude, Director, Parks & Recreation Department asking approval
of the attached Saginaw Valley Rail Trail - Firewood/Fuel Wood
Permit.
We met with Mr. Schmude who informed us from time to time
individuals have approached the Parks Department about removing
existing dead wood from the rail trail prior to Parks beginning
construction on the trail. The Parks Commission discussed this
idea, and agreed that clearing the trail of dead wood would be a
"win, win" situation for both the County and the individual.
It is the recommendation of your committee to approve the Saginaw
County Parks and Recreation Firewood/Fuel Wood Permit, subject to
review by the Controller as to substance and Counsel as to legal
form.
Respectfully submitted,
COMMITTEE ON COUNTY SERVICES
Todd M. Hare, Chair
Raymond F. Bartels, Vice-Chair
Kenneth B. Horn
Michael P. O'Hare
Carl E. Ruth
Robert L. Fish
By Commissioner Bartels: That the Report of the Committee be
received and the recommendations contained therein be adopted.
Approved.
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