The Township Board of Trustees hereby determines that it is necessary for the best interest of the township to halt property value deterioration and increase property tax valuation where possible in the business district of the township to eliminate the causes of that deterioration and to promote economic growth by establishing a Downtown Development Authority pursuant to the Recodified Tax Increment Financing Act, Public Act 57 of 2018, being M.C.L.A. §§ 125.4101 through 125.4915.
(Ord. 21, passed 5-21-1996)