The Plymouth Redevelopment Commission members received an update on the proposed Veterans Parkway extension project this week.
City Attorney Sean Surrisi explained that the Plymouth City Council did not pass resolutions at their last meeting that would place the project on future project lists, pending the results of a feasibility analysis by Baker Tilly on TIF 1 and TIF 3 to fund the project. He said he is hoping that the report is finished by the city council’s meeting Monday, August 23 so a decision on that effort can be made.
The project would essentially be funded by both Marshall County and the City of Plymouth with two-thirds of the cost being the county’s responsibility. The city’s responsibility of one-third of the cost of the project would come from TIF Funds in the Plymouth Redevelopment Commission’s budget. The county would apply for the project between Michigan Road to Oak Road and the city would apply from Oak Road to Pioneer Drive (or Pine Road).
If successful, the project would be funded in 2027, with a possible consideration of moving the project ahead of that to 2024 if funding is available.
Katie Lear from USI Consultants previously recommended to the Plymouth Redevelopment Commission that a notice to proceed be approved to get preliminary engineering report work done through Stage 1 design. The city’s share of the cost of that report would be $145,000. The city’s overall cost of its 20 percent share of the entire project, including construction, is about $900,000. That notice was approved by the members.
If the city council approves the resolutions to place the projects on the project list that falls within the comprehensive plan, then the Plymouth Redevelopment Commission would hold a public hearing on the resolutions during their meeting in September. If the report is delayed, then the public hearing will also be delayed.
