Brownfield Redevelopment Authority

The Holland Charter Township Board established the Holland Charter Township Brownfield Redevelopment Authority in October of 2003 under the authority of the Michigan Brownfield Redevelopment Financing Act (PA 381 of 1996, as amended). The authority provides a mechanism to support the cleanup and redevelopment of Brownfields (properties that are, or perceived to be, environmentally contaminated). The five appointed Board members meet annually or as needed to review projects and implement approved project activities contained in adopted Brownfield Plans. The Brownfield Redevelopment Authority enacted Bylaws along with several organizational and administrative documents to facilitate the Brownfield plan application and review process. Building the organizational and administrative capacity of the authority has enabled the authority to approve submitted plans to successfully implement several projects. Board members serve three year terms.

Brownfield Authorities can do the following:

1. Capture increases in property tax revenues generated by the redevelopment to reimburse eligible activity costs

2. Use captured tax increment revenues to finance a local site remediation revolving fund to support the cleanup of other eligible Brownfield sites

3. Provide eligibility for single business tax (SBT) credit to taxpayer/lessees for their investments on the eligible site

4. Issue Brownfield Redevelopment Authority bonds to front the costs of Brownfield eligible activities associated with a redevelopment project

While Holland Charter Township has not done all the activities listed above to date, state law does provide the opportunity to the Holland Charter Township Board to proceed with any or all of the above economic development activities.