284.01   DETERMINATION OF NECESSITY.
   It is hereby determined to be necessary and in the best interests 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 of the Public Acts of 1975, as amended.  (Ord. 27.  Passed 10-13-86.)