In recognition of the fact that it is in the best interest of the public to prevent further property value deterioration in the downtown business district of Lake Orion, to eliminate the causes of such deterioration and to promote economic growth in the downtown business district consistent with Land Use Plan guidelines, a Downtown Development Authority is hereby established pursuant to Public Act 197 of 1975, as amended, being M.C.L.A. §§ 125.1651 through 125.1657 and 125.1659 through 125.1680, to be known as the Downtown Development Authority of the Village of Lake Orion.
(Ord. 35.01, passed 8-12-85)
Cross-reference:
For development plans and tax increment financing plans adopted under this subchapter, see T.S.O. Table III