(A) The governing body shall only adopt any ordinance approving a development plan or tax increment financing plan in accordance with the notification, publication, public hearing, and record requirements specified by § 18 of Pub. Act 197 of 1975, as amended, being M.C.L.A. §§ 125.1651 through 125.1680, the Downtown Development Authority Act.
(B) After a public hearing on the development plan or tax increment financing plan, the governing body shall determine whether the development plan or tax increment financing plan constitutes a public purpose.
(C) If the governing body determines that a development plan or tax increment financing plan constitutes a public purpose, it shall then approve or reject the plan, or approve it with modification, by ordinance, based on the considerations described in § 19 of Pub. Act 197 of 1975, as amended, being M.C.L.A. §§ 125.1651 through 125.1680, the Downtown Development Authority Act.
(D) Amendments to an approved development plan or tax increment financing plan must be submitted by the Authority to the governing body for approval or rejection.
(Ord. 89-5 DDA, passed 4-3-1989)