Township Approves $20,000 Loan for Housing Project Compliance
The Plainfield Township Board approved a $20,000 loan from the General Fund to the township's Brownfield Redevelopment Authority (BRA) on May 11, 2026. The funds will pay a contractor to ensure two new "workforce housing" developments comply with state affordability rules. The BRA is expected to repay the loan with future tax revenue generated by the projects.
The Township Board approved the resolution authorizing the budget amendment and loan by a 6-0 vote on May 11, 2026.
Minutes record: I move that the Township Board approve the resolution authorizing a mid-year General Fund budget amendment and a $20,000 loan to the Plainfield Charter Township Brownfield Redevelopment Authority as presented. Motion by Susan Morrow Second by Jack Hagedorn Roll Call: Ayes: Morrow, Reminga, Coleman, McKellar, Hagedorn, Batey Nays: 0 Motion approved
Timeline
- Agenda posted from agenda · published May 7, 2026
- Agenda posted from agenda · published May 11, 2026
- Resolution listed for a decision from agenda · published May 11, 2026
- Approved Final from minutes · published Jun 10, 2026
Key facts
- The Township Board approved a分辨率authorizing a mid-year General Fund budget amendment and a $20,000 loan to the Brownfield Redevelopment Authority (BRA) with a 6-0 vote on May 11, 2026.
- The loan will fund a contract with the firm Fishbeck to provide income-monitoring and compliance services for the Coit Flats and 1303 Post Drive workforce housing projects.
- The compliance services are required for projects receiving Brownfield Tax Increment Financing (TIF) to ensure a portion of units remain affordable for households earning up to 120% of the area median income.
- The BRA requested the loan because its TIF revenues are limited in the early years of a project, and it does not yet have funds to cover the upfront compliance costs of $10,000 per project.
- The loan is considered an advance that will be reimbursed to the township from future TIF revenues.
Who could be affected
- Plainfield Township taxpayers
- The Plainfield Charter Township Brownfield Redevelopment Authority
- Developers and owners of the Coit Flats and 1303 Post Drive projects
- Current and future tenants of affordable housing units in these developments
What could change
- The Brownfield Redevelopment Authority will hire the firm Fishbeck to conduct income-monitoring and compliance services for the Coit Flats and 1303 Post Drive housing projects.
- The cost for these compliance services is $10,000 per project for the first year.
- The BRA must repay the $20,000 loan to the township's General Fund once it collects sufficient tax increment financing (TIF) revenues from the projects.
What to watch
- When does the Brownfield Redevelopment Authority expect to generate sufficient TIF revenue to repay the $20,000 loan to the General Fund?
- What are the specific affordability requirements, such as the number of units and rent levels, that the contractor will be monitoring at Coit Flats and 1303 Post Drive?
Questions to check
- The sources do not specify a timeline or deadline for the Brownfield Redevelopment Authority to repay the $20,000 loan.
Supporting records
These related records help explain the item, including the agenda listing, staff explanation, and draft text.
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Consider a resolution authorizing a budget amendment to the General Fund and a $20,000 loan to the Brownfield Redevelopment Authority I move that the Township Board approve the resolution authorizing a mid-year General Fund budget amendment and a $20,000 loan to the Plainfield Charter Township Brownfield Redevelopment Authority as presented. Motion by Susan Morrow Second by Jack Hagedorn Roll Call: Ayes: Morrow, Rem…
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MEMO TO: Cameron Van Wyngarden, Township Superintendent FROM: Elizabeth Curcio, Planner DATE: May 6, 2026 RE: Mid-year Budget Amendment and Loan to Brownfield Redevelopment Authority This is a request for the Township Board to approve a resolution authorizing a mid-year budget amendment to the General Fund and a $20,000 loan to the Plainfield Charter Township Brownfield Redevelopment Authority (PCTBRA). A copy of th…
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Recommendation Staff recommends that the Township Board approve the resolution authorizing a mid-year budget amendment and a $20,000 loan to the PCTBRA.
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Suggested Motion 'I move that the Township Board approve the resolution authorizing a mid -year General Fund budget amendment and a $20,000 loan to the Plainfield Charter Township Brownfield Redevelopment Authority as presented.' Attachments
Meeting history
Agenda and minutes records showing when this item appeared and what procedural step it reached over time.
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The item appeared on the Board of Trustees Meeting agenda: Consider a resolution authorizing a budget amendment to the General Fund and a $20,000 loan to the Brownfield Redevelopment Authority Consider a resolution authorizing a budget amendment to the General Fund and a $20,000 loan to the Brownfield Redevelopment Authority
Accuracy note
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