Budget for Website - Flipbook - Page 50
The tax capture mechanism for Brownfield projects differ from that for the DDA. Under Act
381, capture of debt millage for any jurisdiction is not permitted. Intermediate School District,
exempt from DDA tax capture, is eligible for Brownfield Capture. The statute also permits the
capture of taxes for up to 5 years beyond payment of all remediation costs. The additional
can be used to supplement a local site remediation revolving fund, providing advance
funding for cleanup of other Brownfield locations.
The Daisy Square Condominiums completed remediation reimbursements in 2017. However,
in the spring of 2017, the Brownfield Board reviewed a proposal to accelerate the final
payment in the FY 2016/17 to provide full tax funding back to the General Fund to address
escalating legacy costs primarily impacting the General Fund. The Brownfield Board and the
City Commission in June 2017 approved the amendment to the Daisy Square Brownfield Plan.
Please see below of captures for Brownfield Plan.
Unaudited Brownfield Capture through
06/30/2026
Brownfield Plan Name
Actual Capture
Old Village #1
$52,503
Hamilton Garden Lofts
$367,586
377 Amelia Condominiums
$39,718
Daisy Square Lofts
$3,708,026
Starkweather Weather School
$603,360
Mill Street Brownfield
$1,930,720
Total
$6,701,913
Corridor Improvement Authority (CIA) Tax Capture
The City of Plymouth created the Corridor Improvement Authority (CIA) on August 16, 2025.
The primary purpose of the CIA is to enhance economic growth within the district by targeting
infrastructure investment and public space enhancement in the Old Village Corridor.
Part 6 of PA57 of 2018 (the
