The following are the findings by the Township Board on behalf of the Township relating to the Downtown Development Plan of 2019 and Tax Increment Finance Plan of 2019 by the Township through the Township Board under Act 57:
(a) The Downtown Development Plan of 2019 and Tax Increment Finance Plan of 2019 meet the requirements set forth in Section 217(2) of Act 57.
(b) The proposed method of financing the Downtown Development Plan pursuant to the Tax Increment Finance Plan is feasible and the Authority has the ability to arrange the financing.
(c) The development contemplated thereunder, the Downtown Development Plan of 2019 and the Tax Increment Finance Plan of 2019 are reasonable and necessary to carry out the purposes of Act 57 and the plan.
(d) Land, if any, to be acquired within the development area is reasonably necessary to carry out the purposes of the plan in an efficient and economically satisfactory manner.
(e) The Downtown Development Plan is in reasonable accord with the Master Plan of the Township.
(f) Public Services, including fire, police, sewer, water and waste disposal and any other utilities furnished by the Township are or will be adequate to service the Downtown Development District area.
(g) The plan does not set forth any current changes in zoning streets, street levels, intersections and utilities.
(h) Amendments to the proposed Downtown Development Plan of 2019 and Tax Increment Financial Plan of 2019 in the future shall be submitted by the Authority through the Township Board for approval or rejection.
(i) Any proposed amendments to the Downtown Development Plan to incorporate a catalyst development project plan shall be submitted by the Authority to the Michigan Strategic Fund for approval or rejection of that part of the plan relating to the catalyst development project.
(Ord. 456. Passed 5-28-19.)