Re: Resolution and Extension Agreement relating to DMC Renaissance Zone Extension Honorable City Council Members:Michigan • April 15th, 2024
Jurisdiction FiledApril 15th, 2024This Resolution and accompanying Extension Agreement is related to the recent request by the Detroit Medical Center (“DMC”) for support of its efforts in seeking legislative approval to extend the Renaissance Agreement covering their midtown medical center campus for 15 years. Currently that legislation (HB 5096) has been passed by both the House and Senate and is awaiting House concurrence with Senate amendments before being sent to the Governor for approval. Under the legislation, support from the City is required prior any amendment of the existing Renaissance Zone by the Michigan Strategic Fund (“MSF”).