(A) The millage for street repair, as allowed under general law, for the purpose of street repairs, and to be used only for street repairs, and levied by the village, is hereby exempt from capture by the Village Downtown Development Authority pursuant to M.C.L.A. § 125.1653(3).
(B) The Village President is hereby authorized to enter into an agreement with the Village Downtown Development Authority for the purpose of exempting the millage for street repairs, levied by the village, from capture by the Village Downtown Development Authority for current and any future additions to the Village Downtown Development Authority boundaries.
(C) This section is effective when filed with the Village Clerk and remains in effect until a resolution rescinding this resolution is filed.
(Res. 01-2006, passed 9-18-2006)