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United States Michigan 09 NEMCOG Cheboygan County Cheboygan City of Cheboygan-Inverness Township Act 425 Agreement

Field	Field Value
Shared Services Name	City of Cheboygan-Inverness Township Act 425 Agreement
Data Owner	Cheboygan
Form	Public Private Partnership
Primary Purpose	Collaboration
Scope	County
Status	Proposed
Year Initiated	2012
Revenues (less partner contributions)	$127,000
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Description	A 20 year Act 425 Agreement between the City of Cheboygan and Inverness Township expired in 2012. The property subject to the 425 Agreement includes the Huron Estates mobile home park and a Wal-Mart super store. Both business entities wish to see the continuation of the Act 425 Agreement which will continue to avail them of City water and sewer services, City Fire Protection services and City Police services. The City of Cheboygan will be in negotiations during the December 2012 to October 2013 time frame working toward an extension of the Act 425 Agreement of up to a 30 year term. Potential tax revenue loss to Inverness Township will be replaced by the City of Cheboygan making the new agreement revenue neutral to the township. The City of Cheboygan, while bearing the full cost of police and fire expense as well as the upkeep of a sewage treatment plant would realize revenue of $97,000 yearly from tax revenue to its' General Fund and $30,000 to its' Debt Service Funds to defer these costs. In addition, the Cheboygan County Sheriff's Department will realize a savings of $80,000 per year, the cost of hiring a new Deputy should the Act 425 extension not take place. The City of Cheboygan entered into a 30 year Act 425 Agreement on October 11, 2013 with Inverness Township. The agreement is very beneficial to the City, Inverness Township, Wal-Mart Corp. and the County of Cheboygan as stated above.

Partners for City of Cheboygan-Inverness Township Act 425 Agreement

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Partner	Type	Lies Within	Fiscal year	Population/Enrollment	General Fund Expenditures
Cheboygan	City	Cheboygan County	2022	4,868	$9,941,547
Cheboygan County Sheriff	Government	Cheboygan County		0
Huron Estates - Cheboygan	Housing	Cheboygan County		0
Inverness Township	Township	Cheboygan County	2022	2,145	$4,665,875
Walmart Supercenter - Cheboygan	Retail	Cheboygan County		0
				7,013	14,607,422

Tasks for City of Cheboygan-Inverness Township Act 425 Agreement

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Task Name	Task Status	Start Date	End Date
Negotiation Session	New Item	2013-03-14	2013-03-14
Proposed Meeting	New Item	2013-02-06	2013-02-06
Temporary 425 Agreement Extension	New Item	2012-12-11	2012-12-11
Act 425 Negotiation	New Item	2012-12-03	2013-10-01

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