Thursday, July 30, 2020

Westland names local businessman to vacant commission seat

Matthew Tyranski 
Matthew Tyranski has been appointed to the Westland Economic Development Corporation/Tax Increment Finance Authority/Brownfield Redevelopment Authority Board. He will complete a term which expires Nov. 15, 2020.
Tyranski was named to the board by Westland Mayor William R. Wild and his appointment confirmed by members of the city council.
Tyranski is the owner of  Olympic Coney Island in the city and has been in the community for 22 years.  He is married with three children and is a graduate of  Western Michigan University where he earned a business degree.   
The EDC is governed by a nine-member board appointed by the mayor and subject to confirmation of the city council. Members are appointed to six-year terms. 
The EDC promotes, facilitates and implements plans and projects that support economic and business development through programs and public improvement projects that create economic opportunity, provide entrepreneurial support, and preserve property values, according to a city statement. The EDC reviews tax incentive requests received by the administration and provides a recommendation to the city council members for a consideration at a public meeting.  Members of the EDC also make up and serve as the board of directors for the Tax Increment Finance Authority (TIFA) and the Brownfield Redevelopment Authority.
The TIFA was established pursuant to PA 250 which allows for the establishment of a special tax district in which revenue resulting from increases in the assessed value of the area containing a new development is diverted from the various taxing jurisdictions and used for financing of public improvements to support future development in the district. The TIFA establishes a development plan and an associated financing plan in order to encourage economic development within the district.
Brownfield properties are those in which the redevelopment or reuse of the property may be complicated by the presence or perception of contamination. Revitalizing and redeveloping these properties protects the environment, reuses existing infrastructure, minimizes urban sprawl and creates economic opportunities. The Brownfield Program uses tax increment financing (TIF) to reimburse Brownfield related costs incurred while redeveloping contaminated, functionally obsolete, blighted or historic properties. The authority members meet following the submission of a Brownfield Redevelopment Plan. The authority promotes and facilitates the revitalization, redevelopment and reuse of obsolete properties, according to the city.
“Matthew brings life experiences and knowledge to his newly-appointed position and I look forward to working with him throughout his upcoming term,” commented Wild.