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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
Website
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 st
ore. 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 201
2
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 we
ll 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
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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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