Brownfield Redevelopment Financing Act Joint Report with Strategic Fund
tvllC~IGAN STRAT~GIC r:UND DATE: December 20, 2019 TO: Members of the Michigan Legislature FROM: Jeff Mason, President Michigan Strategic Fund Lies! Eichler Clark, Director J}f.f_,, Michigan Department of Environment, Great Lakes, and Energy SUBJECT: Brownfield Redevelopment Financing Act - CY 2018 Legislative Report The Brownfield Redevelopment Financing Act, 1996 PA 3 81, as amended, requires the Michigan Department of Environment, Great Lakes, and Energy (EGLE) and the Michigan Strategic Fund (MSF) to submit a report annually to each member ofthe Legislature as provided in Section 16(4 ). Pursuant to this requirement, attached is the Calendar Year 2018 Legislative Report. Out of 289 Brownfield Redevelopment Authorities, 287 have completed the reporting requirements, 2 did not complete the report requirements for a compliance rate of 99.3 percent. Please contact the MEDC Office of Government Relations at 517.335.1847 if you have any questions. Attachment Brownfield Redevelopment Financing Act Report Calendar Year 2018 The Brownfield Redevelopment Financing Act, 1996 PA 381, as amended (Act 381), requires the Department of Environment, Great Lakes, and Energy (EGLE) and the Michigan Strategic Fund {MSF) to submit an annual report to each member of the Legislature as provided in Section 16(4). There is a total of 289 Brownfield Redevelopment Authorities (BRAs) registered with the Office of the Great Seal in the State of Michigan, 287 have completed the reporting requirement, and 2 BRAs have not completed the reporting requirement, for a compliance rate of 99.3 percent. The City of Jackson BRA and City of Warren BRA did not complete reporting for their 2018 metrics prior to the report deadline.
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