(A) There is created pursuant to Public Act 197 of 1975, being M.C.L.A. §§ 125.1651 et seq., a downtown development authority. The Authority shall be a public body corporate and shall be known and exercise its powers under the title of “Garden City Downtown Development Authority.” The Authority may adopt a seal, may sue and be sued in any court for this state, and shall possess all of the powers necessary to carry out the purpose of its incorporation as provided by this subchapter and Public Act 197. The enumeration of a power in this subchapter or in Public Act 197 shall not be construed as a limitation upon the general powers of the Authority. (‘83 Code, § 33.116)
(B) The City Council hereby determines that it is necessary for the best interest of the city to halt property value deterioration and increase property tax valuation where possible in the business district of the city, to eliminate the causes of that deterioration, and to promote economic growth by establishing a downtown development authority pursuant to Act 197. (‘83 Code, § 33.011)
(Ord. 81-003, passed 2-18-81)