§ 151.19 DUTIES OF BOARD.

   The Board shall:

   (A)   Prepare an analysis of economic changes taking place in the district;

   (B)   Study and analyze the impact of metropolitan growth upon the district;

   (C)   Plan and propose the construction, the renovation, repair, remodeling, rehabilitation, restoration, preservation or reconstruction of a public facility, an existing building, or a multiple-family dwelling unit which may be necessary or appropriate to the execution of a plan which, in the opinion of the Board, aids in the economic growth of the district;

   (D)   Develop long-range plans, in cooperation with the agency which is chiefly responsible for planning in the village, designed to halt the deterioration of property values in the district and to promote the economic growth of the district, and take such steps as may be necessary to persuade property owners to implement the plans to the fullest extent possible;

   (E)   Implement any plan of development in the district necessary to achieve the purposes of this chapter, in accordance with the powers of the Authority as granted by this chapter;

   (F)   Make and enter into contracts necessary or incidental to the exercise of its powers and the performance of its duties;

   (G)   Acquire by purchase or otherwise, on terms and conditions and in a manner the Authority deems proper to own, convey, or otherwise dispose of, or lease as lessor or lessee, land and other property, real or personal, or rights or interests therein, which the Authority determines is reasonably necessary to achieve the purposes of this chapter, and to grant or acquire licenses, easements and options with respect thereof;

   (H)   Improve land and construct, reconstruct, rehabilitate, restore and preserve, equip, improve, maintain, repair and operate any building, including multiple-family dwellings, and any necessary or desirable appurtenances thereto, within the district for the use, in whole or in part, of any public or private person or corporation, or a combination thereof;

   (I)   Fix, charge and collect fees, rents and charges for the use of any building or property under its control or any part thereof, or facility therein, and pledge the fees, rents and charges for the payment of revenue bonds issued by the Authority;

   (J)   Lease any building or property under its control, or any part thereof;

   (K)   Accept grants and donations of property, labor or other things of value from a public or private source; and

   (L)   Acquire and construct public facilities.

(Ord. 187, passed 7-14-2010)

FINANCING, TAXATION AND OTHER PROVISIONS CONCERNING THE AUTHORITY

§ 151.30 TRANSFER OF PRIVATE PROPERTY TO AUTHORITY.

   The village may take private property under Public Act 149 of 1911, M.C.L.A. §§ 213.21 et seq., as amended, for the purpose of transfer to the Authority, and may transfer the property to the Authority for use in an approved development, on terms and conditions it deems appropriate, and the taking, transfer and use shall be considered necessary for public purposes and for the benefit of the public.

(Ord. 187, passed 7-14-2010)

§ 151.31 FINANCING OF AUTHORITY.

   (A)   The activities of the Authority shall be financed from one or more of the following sources:

      (1)   Donations to the Authority for the performance of its functions;

      (2)   Proceeds of a tax imposed pursuant to § 151.32;

      (3)   Money borrowed and to be paid as authorized by § 151.33;

      (4)   Revenues from any property, building or facility owned, leased, licensed or operated by the Authority or under its control, subject to the limitations imposed upon the Authority by trusts or other agreements;

      (5)   Proceeds of a tax increment financing plan, established under §§ 151.34 through 151.36;

      (6)   Proceeds from a special assessment district created as provided by law; and

      (7)   Money obtained from other sources approved by the Village Council.

   (B)   Money received by the Authority and not covered under division (A) above shall immediately be deposited to the credit of the Authority, subject to disbursement pursuant to this chapter. Except as provided in this chapter, the village shall not obligate itself, nor shall it ever be obligated to pay any sums from public funds, other than money received by the village pursuant to this section, for or on account of the activities of the Authority.

(Ord. 187, passed 7-14-2010)

§ 151.32 LEVYING OF AD VALOREM TAX.

   (A)   The Authority with the approval of the Village Council may levy an ad valorem tax on the real and tangible personal property not exempt by law and as finally equalized in the downtown district. The tax shall not be more than two mills. The tax shall be collected by the village. The village shall collect the tax at the same time and in the same manner as it collects its other ad valorem taxes. The tax shall be paid to the Treasurer of the Authority, if one has been appointed, and credited to the General Fund of the Authority for purposes of the Authority.

   (B)   The village may, at the request of the Authority, borrow money and issue its notes therefor in anticipation of collection of the ad valorem tax authorized in this section.

(Ord. 187, passed 7-14-2010)