ADOPTED - FEBRUARY 12, 2008

THE INGHAM COUNTY LAND BANK FAST TRACK AUTHORITY BROWNFIELD PROJECT

PROJECT DESCRIPTION

The Ingham County Land Bank Fast Track Authority project will involve redevelopment of numerous parcels of property throughout Ingham County. One or more of the existing properties will be transformed through one or more of the following: building demolition and/or renovation, site preparation activities, infrastructure improvements, lead-based paint and asbestos abatement, environmental investigation and remediation, and eligible Land Bank Fast Track Authority expenses.

ELIGIBLE PROPERTY

In January of 2004, the State of Michigan approved revisions to Public Act 381 of 1996, expanding the definition of “Eligible Property” to include: all parcels owned or under the control of a Land Bank Fast Track Authority.

The Eligible Property of this Brownfield project consists of all real and personal property parcels owned or under the control of the Ingham County Land Bank Fast Track Authority (“LBA”), including those parcels that are adjacent to or contiguous with the LBA parcels. Parcel Identification Numbers (ID#) are provided in Appendix A. Appendix B includes a Regional Location Map of the properties, as they currently exist. The properties are located in the communities of the City of Lansing; City of East Lansing, City of Mason, Charter Township of Lansing, Charter Township of Delhi; Meridian Charter Township, Aurelius Township; Locke Township, Vevay Township, and Wheatfield Township.

One of the properties included in the plan is a known site of contamination. The property located at 300 W. North, a former Action Auto property, has had serious gasoline losses and is an Open Leaking Underground Storage Tank Site on the Department of Environmental Quality (DEQ) list. The DEQ has taken some cleanup actions to date, but has been unable to complete cleanup at the property due to a lack of funds, and the property remains contaminated above applicable standards (a “facility”). This plan will assist in completing Baseline Environmental Assessment and Due Care activities.

All parcels identified in Appendix A or which are subsequently included in the description of Eligible Property under this Plan shall remain Eligible Property without regard to whether the LBA subsequently sells or otherwise divests itself of one or more parcels.

BROWNFIELD PLAN ELEMENTS

A. Description of Costs to Be Paid for With Tax Increment Revenues and Summary of Eligible Activities.

Redevelopment of Land Bank Parcels will generate new property tax revenue and provide for the reimbursement of Eligible Activities under this Plan. The Authority desires that each party incurring Eligible Activities on the Eligible Property enter into a Reimbursement Agreement with the Authority (the “Reimbursement Agreement”), setting forth the terms and conditions under which the party may be reimbursed for Eligible Activities with TIR. No Eligible Activities costs will be qualified for reimbursement except in accordance with the Reimbursement Agreement. Subject to the Reimbursement Agreement, it is anticipated that the Eligible Activities will be implemented in a phased approach including the Eligible Activities described below and listed in Appendix C/Tables 1 & 2.

DEMOLITION ACTIVITIES (See Appendix C – Table 1 for Estimated Costs)

Remove Structures: The LBA anticipates demolishing structures, in whole or in part, located on various parcels of eligible property included in the Plan. The structures to be demolished will be primarily residential.

Rehabilitate Structures: The LBA also anticipates rehabilitating a number of residential structures. This will entail interior demolition or “gutting” the structure.

LEAD AND ASBESTOS ABATEMENT – (See Appendix C – Table 1 for Estimated Costs)

Inspection: Those structures that contain lead-based paint and asbestos will require appropriate steps to evaluate the extent of the hazard. This includes both buildings that will be demolished in their entirety and buildings that will be “gutted” as part of rehabilitation.

Abatement: Structures that contain lead-based paint and asbestos will require appropriate steps to address the removal or encapsulation of the lead-based paint and asbestos impacted material. Operation and Maintenance Plans or Due Care plans will be completed as needed.

SITE PREPARATION – (See Appendix C – Table 1 for Estimated Costs)

On many properties it may be necessary to prepare the site for future utilization through relocation of utilities, clearing, grading, and land balancing.

INFRASTRUCTURE IMPROVEMENT ACTIVITIES - (See Appendix C – Table 1 for Estimated Costs)

The LBA anticipates that infrastructure improvements that directly benefit various parcels of eligible property included in this Plan may be necessary from time to time in order to achieve the purposes of this Plan.

ENVIRONMENTAL ACTIVITIES (See Appendix C – Table 1 for Estimated Costs)

Phase I Environmental Site Assessments:

Phase I ESAs will be performed as needed based on the American Society for Testing and Materials (ASTM) "Standard Practice For Environmental Site Assessments," E-1527, which outlines good commercial and customary practice for conducting an ESA and establishing "due-diligence" and according to the EPA All Appropriate Inquiry (AAI) standard.

Phase II Environmental Site Assessments and Baseline Environmental Assessments:

The Phase II Site Investigation will evaluate the recognized environmental conditions identified on the property. The Phase II investigation will be based on ASTM Designation E 1903. The laboratory analytical data is then compared to appropriate MDEQ “Cleanup Criteria” to evaluate what steps are necessary for the safe reuse of the property. The Phase II scope of work will be designed based on the future use of the property to meet the goal of safe property reuse.

If contamination is identified at a subject property during a Phase II ESA, a Baseline Environmental Assessment (BEA) can be prepared on behalf of the prospective owners/operators to allow for liability protection for the cleanup of environmental contamination associated with existing contamination under Part 201 of Michigan’s Natural Resources and Environmental Protection Act (NREPA), P.A. 451 of 1994, as amended.

Due Care Activities:

Should contamination be identified on the property, a Section 7a Compliance Analysis (commonly referred to as a Due Care Plan) can be prepared on behalf of the prospective owners/operators. The Due Care Plan outlines response activities that allow for the redevelopment and use of the subject property in a manner that will protect public health, safety or welfare, the environment or natural resources. Due care activities including additional investigations, contaminated soil removal and disposal, capping of contaminated areas, etc., will be performed as identified in the due care plan.

SITE WORK PLANS (See Appendix C – Table 1 for Estimated Costs)

Act 381 Work Plans:

MDEQ Eligible Activities: In order for school operating taxes to be captured, the appropriate state department must approve an Act 381 Work Plan that addresses the proposed activities involved in a Brownfield project. It is the intention of this Brownfield Plan to capture school operating TIR for all eligible environmental activities. Therefore, appropriate work plans will be submitted to the Michigan Department of Environmental Quality (MDEQ) for their review and approval.

One or more Act 381 Work Plans will be prepared to determine and implement all necessary procedures that will allow for Eligible Activities on the sites based on applicable State and Federal criteria. This will include the environmental investigation and remediation of those parcels that exceed the least restrictive applicable land-use based criterion.

MEGA Eligible Activities: Additional Eligible Activities, such as asbestos/lead-based paint abatement, demolition costs, infrastructure improvements, and site preparation, can be recovered through the capture of TIR attributable to school operating millages under an Amendment to P.A. 381 of 1996, approved by the State of Michigan in January of 2004. The Amendment expands the definition of “Eligible Property” and “Blighted” to include: all parcels owned or under the control of a Land Bank Fast Track Authority. Therefore, all of the parcels included in this Plan as Eligible Property may be treated, for the purpose of reimbursement of costs to conduct of Eligible Activities, as if they were located in a Qualified Local Unit of Government.

The appropriate work plan(s) and amendments to any existing work plans will be submitted to the Michigan Economic Growth Authority (MEGA) for their review and approval as well.

The work plans will include an estimate of the costs of implementing all above-mentioned activities, including project management.

State Work Plan Review: The Michigan Department of Environmental Quality and the Michigan Economic Development Corporation may charge a fee for the review of Work Plans. This review is detailed and evaluates the eligibility of the proposed activities, the financial impact of the proposed development on the community, and the utilization of captured “school” tax revenues to address the costs of these activities. The cost of such review by MDEQ and MEDC has not been projected.

TITLE CLEARANCE

The Authority anticipates that certain parcels that have been tax reverted to Ingham County will require Title Clearance. (See Appendix C Table 1 for Estimated Costs.)

INTEREST

The interest and other bond expenses incurred on bonds of the Authority shall be reimbursed from all sources of tax increment revenue captured under this Plan. See Appendix D for an estimate of these expenses.

BROWNFIELD AUTHORITY ADMINISTRATIVE COSTS

Reasonable and actual administrative and operating expenses of the Authority will be reimbursed to the extent permitted by Section 13(16) of Act 381, as amended, or otherwise. (Set at $35,000/year, but not to exceed $75,000.00 annually).

TOTAL ESTIMATED EXPENSES

All activities are intended to be “Eligible Activities” under Act 381, as amended. The total cost of Eligible Activities (including the payment of principal and interest on bonds of the Authority used to finance the cost of Eligible Activities) subject to payment or reimbursement from all tax increment revenues generated by any single parcel of Eligible Property or any combination of parcels of Eligible Property listed in Appendix A will not exceed the combined amounts listed in Appendix C Table 1 plus the interest and other bond expenses listed in Appendix D without an amendment of this Plan.

B. Estimate of Captured Taxable Value and Tax Increment Revenues.

See attached (Appendix C/Table 2). It is the intention of the Authority to capture and collect from any single parcel of Eligible Property or any combination of parcels of Eligible Property listed in Appendix A only so much TIR as required to pay all obligations of the Authority incurred and approved pursuant to this Plan.

C. Method of Financing Costs of the Plan and Description of Advances by the Municipality.

No advances have been or shall be made by the County or the Authority for the costs of Eligible Activities under this Plan. This Plan shall be financed, in part, by the issuance of bonds or notes of the Authority as authorized by Act 381.

D. Maximum Amount of Note or Bonded Indebtedness.

The Authority will incur bonded indebtedness with an estimated par amount of $2,065,000 for this project during 2007. The bond is estimated to fund $1,755,000 in eligible activities under the Plan.

Detailed information related to bonds of the Authority is attached in Appendix D.

E. Duration of Brownfield Plan.

Pursuant to Act 381, MCL 125.2663(f), tax increment financing shall commence on January 1, 2008, and shall not exceed the maximum term allowed by this same section. Pursuant to MCL 125.2652(t) the initial taxable value for the properties in the table below and for properties listed in the Property Location Key with a Foreclosure Year of 2007, located in Appendix B, Regional and Site Location Maps, will be set as of the assessment roll of 2008. The taxable value of all other properties listed in Appendix A will be set as of the assessment roll of 2007.

Property ID	Address	Municipality
33-21-01-07-405-004	2826 Timber	Lansing Township
33-01-01-28-335-241	323 Astor	City of Lansing

F. Estimated Impact of Tax Increment Financing on Revenues of Taxing Jurisdictions.

See attached (Appendix C/Table 2).

G. Legal Description, Property Map, Statement of Qualifying Characteristics and Personal Property.

A parcel ID# and property map for the project sites are attached in Appendix A. The characteristics that qualify the property as Eligible Property are included in “ELIGIBLE PROPERTY” above. Personal property that will be added to any parcel shall be included as part of the Eligible Property.

H. Estimates of Residents and Displacement of Families.

There are no persons residing on the project property, and therefore, there are no residen ts or families to be displaced.

I. Plan for Relocation of Displaced Persons

There are no persons displaced by this project and, therefore, no need for a relocation plan.

J. Provision for Relocation Costs

There are no persons residing on the project property and, therefore, no need for a report on the provision of relocation costs.

K. Strategy for Compliance with Michigan's Relocation Assistance Law.

There are no persons residing on the project property and, therefore, no need for compliance with 1972 PA 227, Michigan Relocation Assistance Act.

L. Description of Proposed Use of Local Site Remediation Revolving Fund.

The Authority is authorized to capture TIR to the extent permitted by Act 381 for deposit into a Local Site Remediation Revolving Fund. No funds from the Local Site Remediation Revolving Fund shall be used to finance the costs of Eligible Activities under this Plan.

M. Other Material that the Authority or Governing Body Considers Pertinent.

None.

APPENDIX B

Figures

Regional Location & Site Map

Number	Foreclosure Year	Parcel #	Address	Municipality
1	2005	33-01-01-27-428-256	E. Willard	Lansing
2	2005	33-01-01-10-176-012	New York Avenue	Lansing
3	2005	33-01-01-14-358-231	No. Street Frontage	Lansing
4	2005	33-01-01-14-358-191	No. Street Frontage	Lansing
5	2005	33-01-01-14-358-281	No. Street Frontage	Lansing
6	2005	33-01-01-14-358-211	No. Street Frontage	Lansing
7	2005	33-01-01-14-358-311	No. Street Frontage	Lansing
8	2005	33-01-01-14-358-171	S. Fairview	Lansing
9	2005	33-01-01-14-359-371	S Hayford	Lansing
10	2005	33-01-05-05-102-249	No. Street Frontage	Lansing
11	2005	33-01-05-05-102-239	No. Street Frontage	Lansing
12	2005	33-01-01-10-329-141	922 N. Pennsylvania	Lansing
13	2005	33-01-01-08-276-101	Ontario St.	Lansing
14	2005	33-01-01-21-378-022	Coleman	Lansing
15	2005	33-01-01-30-301-335	Inverary	Lansing
16	2005	33-01-01-21-431-100	Baker	Lansing
17	2005	33-01-01-21-478-055	Isbell	Lansing
18	2005	33-01-01-28-179-015	No. Street Frontage	Lansing
19	2005	33-01-01-08-332-101	Comfort St.	Lansing
20	2005	33-01-01-08-331-011	Cawood	Lansing
21	2005	33-01-01-08-477-103	Princeton Ave.	Lansing
22	2005	33-02-02-12-151-020	Green Road	Meridian Twp.
1	2006	33-01-01-06-401-039	Northwest Ave	Lansing
2	2006	33-01-01-08-483-111	Englewood Ct	Lansing
3	2006	33-01-01-09-127-021	300 W. North	Lansing
3	2006	33-01-01-09-127-011	1804 Seager	Lansing
4	2006	33-01-01-09-183-031	210 W Willow	Lansing
5	2006	33-01-01-09-253-021	1514 Turner	Lansing
6	2006	33-01-01-09-276-211	No Street Frontage	Lansing
7	2006	33-01-01-09-277-151	Pearl St.	Lansing
8	2006	33-01-01-09-278-086	Liberty	Lansing
9	2006	33-01-01-09-326-001	W. Willow	Lansing
10	2006	33-01-01-09-327-111	N. Capitol	Lansing
11	2006	33-01-01-09-328-141	N Washington	Lansing
12	2006	33-01-01-09-329-211	309 W Grand River	Lansing
14	2006	33-01-01-09-354-082	422 Oakland	Lansing
15	2006	33-01-01-09-382-231	727 N. Seymour	Lansing
16	2006	33-01-01-09-431-191	422 Adams	Lansing
17	2006	33-01-01-09-431-201	426 Adams	Lansing
18	2006	33-01-01-10-177-062	New York Avenue	Lansing
19	2006	33-01-01-10-205-231	Ohio	Lansing
20	2006	33-01-01-10-306-271	N Pennsylvania & Porter	Lansing
21	2006	33-01-01-13-151-023	3411 E Michigan	Lansing
21	2006	33-01-01-13-151-034	Friendship Circle	Lansing
22	2006	33-01-01-14-304-241	S Hayford	Lansing
23	2006	33-01-01-14-378-092	516 S. Francis	Lansing
24	2006	33-01-01-15-353-011	809 Bement	Lansing
25	2006	33-01-01-15-381-111	S. Holmes	Lansing
27	2006	33-01-01-17-231-031	N MLK	Lansing
30	2006	33-01-01-19-401-098	No. Street Frontage	Lansing
31	2006	33-01-01-20-136-041	Olds	Lansing
32	2006	33-01-01-21-252-055	125 E Elm	Lansing
33	2006	33-01-01-21-328-392	No. Street Frontage	Lansing
35	2006	33-01-01-22-253-022	Dakin	Lansing
36	2006	33-01-01-22-283-181	Regent	Lansing
37	2006	33-01-01-22-304-041	Beulah	Lansing
38	2006	33-01-01-22-307-011	Ada Street	Lansing
39	2006	33-01-01-22-309-241	Baker	Lansing
40	2006	33-01-01-26-301-071	Aurelius Road	Lansing
41	2006	33-01-01-28-330-051	Dunlap	Lansing
42	2006	33-01-01-29-279-062	S Rundle	Lansing
43	2006	33-01-01-30-152-169	No. Street Frontage	Lansing
44	2006	33-01-01-35-301-021	4327 S Aurelius	Lansing
46	2006	33-01-05-05-227-331	W Jolly	Lansing
47	2006	33-01-05-06-226-081	Midwood	Lansing
48	2006	33-01-05-06-226-091	Pleasant Grove	Lansing
50	2006	33-02-02-20-378-011	Hawthorn	Meridian Twp.
51	2006	33-04-04-02-200-015	4850 Lovejoy	Locke Twp.
52	2006	33-04-04-24-126-006	Bell Oak	Locke Twp.
54	2006	33-07-07-09-200-007	Linn Road	Wheatfield Twp.
56	2006	33-09-09-04-200-004	5047 Nichols road	Aurelius Twp.
57	2006	33-09-09-31-351-012	S. Waverly Road	Aurelius Twp.
58	2006	33-09-09-32-300-032	S. Gale Road	Aurelius Twp.
59	2006	33-10-10-15-478-007	Miami Drive	Vevay Twp.
69	2006	33-19-10-08-106-001	W. Ash	Mason
70	2006	33-19-10-08-228-003	W. Sycamore	Mason
72	2006	33-20-02-17-123-005	1546 Cahill	East Lansing
74	2006	33-25-05-12-276-009	3589 Creole	Delhi Twp.
76	2006	33-25-05-17-100-019	Anchor Court	Delhi Twp.
77	2006	33-25-05-19-351-004	Waverly Road	Delhi Twp.
78	2006	33-25-05-21-453-004	Witherspoon Way	Delhi Twp.
79	2006	33-01-01-35-177-120	Champion Way	Lansing
80	2006	33-01-01-35-179-090	Champion Way	Lansing
81	2006	33-25-05-34-351-011	4910 Nichols Road	Delhi Twp.
81	2006	33-25-05-34-351-012	4890 Nichols Road	Delhi Twp.
1	2007	33-01-01-03-327-021	Harris St. (900 blk)	Lansing
2	2007	33-01-01-04-102-351	W. Sheridan Rd.	Lansing
3	2007	33-01-01-04-103-161	3407 Turner St.	Lansing
4	2007	33-01-01-04-153-002	3135 Turner St.	Lansing
6	2007	33-01-01-04-252-061	N. Cedar St.	Lansing
7	2007	33-01-01-08-279-055	Knollwood Ave	Lansing
8	2007	33-01-01-09-304-097	W. Maple St. (500 blk)	Lansing
9	2007	33-01-01-09-331-101	110 W Maple St.	Lansing
10	2007	33-01-01-10-132-271	1717 Vermont Ave.	Lansing
11	2007	33-01-01-10-153-031	1552 Ballard St	Lansing
12	2007	33-01-01-10-177-081	1514 New York Ave.	Lansing
13	2007	33-01-01-10-354-061	718 E Park Terrace	Lansing
14	2007	33-01-01-10-354-081	714 E. Park Terrace	Lansing
15	2007	33-01-01-14-329-141	302 S. Mifflin St.	Lansing
16	2007	33-01-01-14-358-461	S. Magnolia (500 blk)	Lansing
17	2007	33-01-01-14-358-471	536 Magnolia Ave	Lansing
18	2007	33-01-01-14-378-030	S Foster Ave	Lansing
19	2007	33-01-01-14-381-122	S. Frances (600 blk)	Lansing
20	2007	33-01-01-15-301-061	Hill St.	Lansing
21	2007	33-01-01-15-305-051	S. Homer St.	Lansing
22	2007	33-01-01-15-380-241	1108 Bement St.	Lansing
23	2007	33-01-01-17-232-011	N. Buler Blvd	Lansing
24	2007	33-01-01-17-253-081	W. Ionia St. (1300 blk)	Lansing
25	2007	33-01-01-17-276-171	W. Ionia St. (900 blk)	Lansing
26	2007	33-01-01-20-107-081	Olds Ave (2000 blk)	Lansing
27	2007	33-01-01-20-134-102	Riverview Ave.	Lansing
28	2007	33-01-01-20-455-331	1201 Berten	Lansing
29	2007	33-01-01-21-451-027	145 E. Barnes	Lansing
30	2007	33-01-01-22-226-131	Shepard St.	Lansing
31	2007	33-01-01-22-252-161	Dakin St. (1100 blk)	Lansing
33	2007	33-01-01-22-277-151	Leslie St.	Lansing
34	2007	33-01-01-22-280-191	Allen St.	Lansing
35	2007	33-01-01-23-103-061	714 S. Magnolia	Lansing
36	2007	33-01-01-27-426-001	E. Willard Ave.	Lansing
37	2007	33-01-01-28-335-241	323 Astor	Lansing
38	2007	33-01-01-28-451-181	Everett Lane	Lansing
39	2007	33-01-01-33-455-005	205 E. Jolly	Lansing
40	2007	33-01-01-34-229-051	1905 Rex St.	Lansing
41	2007	33-01-05-04-353-022	W. Miller Rd.	Lansing
42	2007	33-01-05-05-126-151	S. MLK Jr. Blvd	Lansing
43	2007	33-01-05-06-378-181-	W. Miller Rd (3200 blk)	Lansing
45	2007	33-01-05-10-176-181	No Street Frontage	Lansing
46	2007	33-02-02-03-181-015	Marsh Rd.	Meridian Twp.
47	2007	33-02-02-20-280-001	Small Acres	Meridian Twp.
48	2007	33-02-02-25-276-003	Grand River	Meridian Twp.
49	2007	33-02-02-28-255-033	Woodfield	Meridian Twp.
50	2007	33-02-02-28-276-005	Woodfield	Meridian Twp.
51	2007	33-02-02-28-429-007	White Owl	Meridian Twp.
52	2007	33-19-10-04-351-031	Okemos Rd.	Mason
53	2007	33-19-10-05-352-007	W. Columbia	Mason
54	2007	33-25-05-08-330-011	Little Hickory Drive	Delhi Twp.
55	2007	33-25-05-11-401-009	Dell Rd.	Delhi Twp.
56	2007	33-25-05-12-477-012	College Rd.	Delhi Twp.
57	2007	33-25-05-17-100-021	Hoghton Hollow Dr.	Delhi Twp.
60	2007	33-01-01-14-151-240	Vine St.	Lansing
61	2007	33-21-01-07-405-004	2826 Timber	Lansing Twp.

		Cumulative Number of Properties
		Community	Number
		Aurelius Twp.	3
		City of East Lansing	1
		City of Lansing	110
		City of Mason	4
		Delhi Twp.	10
		Lansing Twp.	1
		Locke Twp.	2
		Meridian Twp.	8
		Vevay Twp.	1
		Wheatfield Twp.	1
		Total	141

INGHAM COUNTY

BROWNFIELD REDEVELOPMENT AUTHORITY