Developer wants industrial district in Holland for future tax abatement - News - Holland Sentinel

By Sydney.Smith@hollandsentinel.com 616-546-4219

A Grand Rapids developer wants the city of Holland to establish an industrial district in order to receive tax abatements on a speculative development.

Brian Sikma, owner and developer at East 64th, LLC, a real estate and development company, submitted his application to Holland on Aug. 3. City council during its Wednesday, Aug. 16, meeting will accept the application for study.

Sikma explained that the district will allow the company to ask for an abatement for a speculative 300,000 square foot industrial facility at 374 E. 64th St.

A tax abatement reduces the amount of property taxes an owner would pay.

In order to get an abatement, the companies that use the facility need to meet state and local guidelines, Sikma said.

“We’re asking for a district on this site so that in the future if we have the right company lease this they could get a tax abatement,” he said.

In his application, Sikma estimated a $9.1 million cost for the speculative development to begin construction Sept. 1 and be completed in June 2018. He said it is unknown how many jobs would be created as a result of the development.

Holland City Council will also accept a committee’s evaluation in a resolution.

During several recent study sessions, a committee has presented its view of process and principles for development of city-owned properties.

The city initiated the study of its properties after it was approached by a developer that wished to construct an apartment building on top of Parking Lot 7C in downtown Holland.

The committee took the city’s 170 properties and separated them into three focus areas, as well as assessed the most relevant properties for future use.

It is made up of those familiar with downtown Holland and urban development. The principles presented by the committee focused on six considerations for primarily downtown Holland: mixed-use development, walkable community, site planning, building design, automobile environment and sustainability.

City council will also vote to replace boilers at city hall and the police administration building by VanDyken Mechanical at more than $172,000.

The city’s current budget includes $60,000 to replace a boiler at city hall and $120,000 to replace two at the police administration building. VanDyken bid the lowest cost for the project.

The meeting begins at 7 p.m. at city hall, 270 S. River Ave.

— Follow this reporter on Twitter @SentinelSydney.

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