Title
The Board of Water Commissioners for the City of Detroit Water and Sewerage Department (DWSD), authorizes the Director to execute on behalf of the DWSD the Development Agreement between City of Detroit Housing & Revitalization Department (HRD), DWSD, and Douglass Acquisition Company LLC (DAC), regarding an Affordable Housing Agreement between HRD and Bedrock Management Services LLC, of which DAC is an affiliate, to provide for the construction of affordable housing units at the former Frederick Douglass public housing site (Douglass Site), on the following conditions outlined in the motion, and also authorizes the Director to take such other action as may be necessary to accomplish the intent of this vote.
Body
Agenda of August 15, 2018
Item No.: 18-0177
Amount: N/A
TO: The Honorable
Board of Water Commissioners
City of Detroit, Michigan
FROM: Gary A Brown, Director
Detroit Water and Sewerage Department
RE: Approval of Development Agreement between City of Detroit Housing &
Revitalization Department, Detroit Water & Sewerage Department and
Douglass Acquisition Company LLC
MOTION
Upon recommendation of Gary A Brown, Director of the Detroit Water and Sewerage Department (DWSD), the City of Detroit Board of Water Commissioners:
A. Authorizes the Director to execute on behalf of the DWSD the Development Agreement between City of Detroit Housing & Revitalization Department (HRD), DWSD, and Douglass Acquisition Company LLC (DAC), regarding an Affordable Housing Agreement between HRD and Bedrock Management Services LLC, of which DAC is an affiliate, to provide for the construction of affordable housing units at the former Frederick Douglass public housing site (Douglass Site), on the following conditions:
1.) DWSD will support infrastructure improvements at the site in the public right of way and that remove stormwater from the City's combined sewer overflow system to produce the following benefits: (a) reduce the volume of flow...
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