(a) Pursuant to the authority initially vesting the City Commission with authority to create a Downtown Development Authority by Act 197 of the Public Acts of 1975 of the State, which was recodified by Act 57 of 2018, as amended, a Downtown Development Authority is hereby created.
(b) Approval of Amendment and Finding of Public Purpose. In accordance with Part 2 of Act 57, the City Commission finds that the Amendment, as proposed at the October 4, 2022 Public Hearing, constitutes a public purpose and will be a benefit to the City and its residents, and accordingly, the City Commission hereby approves the Amendment.
(c) Findings in Accordance with Part 2 of Act 57. In approving the Amendment, the City Commission makes the following additional findings, in accordance with Section 219 of Part 2 of Act 57:
(1) The Amendment meets the requirements set forth in Section 217(2) of Part 2 of Act 57.
(2) The proposed method of financing the activities, projects and improvements proposed in the Amendment is feasible, and the Authority has the ability to arrange the financing.
(3) The activities, projects and improvements proposed in the Amendment are reasonable and necessary to carry out the purposes of Part 2 of Act 57.
(4) The acquisition of any land within the Development Area by the Authority, if accomplished in accordance with the Amendment, would be reasonably necessary to carry out the purposes of the Amendment and of Part 2 of Act 57 in an efficient and economically satisfactory manner.
(5) The activities, projects and improvements proposed in the Amendment are in accord with the City’s Master Plan.
(6) Public services will be adequate to service the Development Area.
(7) All changes in zoning, streets, street levels, intersections and utilities proposed in the Amendment are reasonably necessary for the project and for the City.
(d) Transmission of Tax Increment Revenues to the Authority. The City Clerk is hereby authorized and directed to provide to the County Treasurer copies of all information necessary to enable the City, Township and County Treasurers to transmit tax increment revenues to the Authority in accordance with Section 215 of Part 2 of Act 57.
(e) Severability. In the event that any section or provision of this ordinance shall be held invalid in any court of competent jurisdiction, the same shall not affect any other articles, sections or provisions of this ordinance, except so far as the article, section or portion so declared invalid shall be inseparable from the remainder of any portion thereof.
(f) Publication; Effective Date. This Ordinance shall become effective upon its publication or upon the publication of a summary of its provisions in a local newspaper of general circulation in the City.
(Ord. 4-79. Passed 3-6-79; Ord. 12-2022. Passed 11-1-22.)