25LINKBUDGET(FULL) - Flipbook - Page 179
Entire City as Redevelopment Zone
The enacting resolution established the entire City as the Brownfield Redevelopment Authority Zone. If the City decides later to
create a Local Site Remediation Revolving Fund, an additional five year=s capture of taxes from a completed site (beyond its own
completion costs) can be allocated to the Fund for remedial projections on other properties in the City. Since we cannot be certain
if there are any unknown contaminated sites elsewhere in the City, the City-wide district provides the best opportunity to deal
with such sites in the future.
The Authority
The City Commission established the Economic Development Authority as the City of Plymouth Brownfield Redevelopment
Authority. The Act permits the Brownfield Redevelopment Authority to be established as a second role for the Downtown
Development Authority or the Economic Development Authority, or the City Commission can establish a separate Authority board
of 5 to 9 members.
Enactment
The enacting resolution was adopted by the City Commission on December 16, 1996.
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