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§§ 22-33 – 22-45 RESERVED.
DIVISION 2. DEVELOPMENT PLAN AND TAX INCREMENT FINANCING PLAN
The terms used in this division shall have the same meaning as given to them in Public Act of 1975, being M.C.L.A. §§ 125.1651 through 125.1680, as amended, unless the context clearly indicates to the contrary.
(1993 Code, § 22-46) (Ord. passed 4-23-1991)
Cross reference:
Definitions and rules of construction generally, see § 1-2
The City Council hereby determines that it is necessary and in the best interest of the public to adopt this section relating to the Downtown Development Authority and its development plan and tax increment financing plan, both constituting a public purpose, so that the Downtown Development Authority can operate more effectively to halt property value deterioration, eliminate the causes of that deterioration, increase property tax valuation where possible in the business district of the city, and promote economic growth, pursuant to Public Act 197 of 1975, being M.C.L.A. §§ 125.1651 through 125.1680, as amended.
(1993 Code, § 22-47) (Ord. passed 4-23-1991)
The development plan and tax increment financing plan, incorporated in this section and on file in the office of the City Clerk, as submitted by the Downtown Development Authority, are hereby approved and adopted by the City Council. Any amendments to the approved development plan and tax increment financing plan must be submitted by the Authority to the City Council for approval or rejection.
(1993 Code, § 22-48) (Ord. passed 4-23-1991)
(A) Findings.
(1) Because there were not 100 or more residents residing within the development area, there was no development area citizens council formed.
(2) The plan meets the requirements set forth in the act.
(3) The proposed method of financing the development is feasible and the Authority has the ability to arrange the financing.
(4) The development is reasonable and necessary to carry out the purposes of the act.
(5) The development plan is in reasonable accord with the Master Plan of the city.
(6) Public services, such as fire and police protection and utilities, are or will be adequate to service the project area.
(7) Any changes in zoning, streets, street levels, intersections, and utilities are reasonably necessary for the project and the city.
(B) Public purpose. The City Council hereby determines that the plan constitutes a public purpose.
(C) Best interest of the public. The City Council hereby determines that it is in the best interests of the public to proceed with the plan in order to halt property value deterioration, to increase property tax valuation, to eliminate the causes of the deterioration in property values, and to promote growth in the Downtown District.
(D) Approval and adoption of plan. The plan is hereby approved and adopted. A copy of the plan, as amended, and all later amendments thereto shall be maintained on file in the City Clerk's office.
(E) Amendment of article. This article is hereby amended to incorporate the changes to the amended plan as amended by the plan amendments, and it otherwise ratified and confirmed as being in full force and effect. All other ordinances, resolutions and orders or parts thereof in conflict with the provisions of this section are to the extent of such conflict hereby repealed, and each section of the article and each subdivision of any section thereof is hereby declared to be independent, and the finding or holding of any section or subdivision thereof to be invalid or void shall not be deemed or held to affect the validity of any other section or subdivision of the article.
(F) Paragraph headings. The paragraph headings in this section are furnished for convenience of reference only and shall not be considered to be a part of the section.
(G) Effective date. This section is hereby determined by the City Council to be immediately necessary for the interests of the city and shall be in full force and effect 20 days after its passage.
(1993 Code, § 22-49) (Ord. passed 6-12-2000; Ord. passed 5-27-2003)