(A) Power. The Board of the Downtown Development Authority, as herein created, shall have the following powers and may:
(1) Prepare an analysis of economic changes taking place in the downtown district;
(2) Study and analyze the impact of metropolitan growth upon the downtown district;
(3) Plan and propose the construction, 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 downtown district;
(4) Plan, propose and implement an improvement to a public facility within the development area to comply with the barrier-free design requirements of the state construction code promulgated under the state’s Construction Code Act of 1972, Public Act 230 of 1972, being M.C.L.A. §§ 125.1501 to 125.1531;
(5) Develop long-range plans, in cooperation with the city’s Planning and Rehabilitation Commission, designed to halt the deterioration of property values in the downtown district and to promote the economic growth of the downtown district and take such steps as may be necessary to persuade property owners to implement the plans to the fullest extent possible;
(6) Implement any plan of development in the downtown district necessary to achieve the purposes of this act, in accordance with the powers of the authority as granted by this act;
(7) Make and enter into contracts necessary or incidental to the exercise of its powers and the performance of its duties;
(8) Acquire by purchase or otherwise, on terms and conditions and in a manner the authority deems proper or 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 act, and to grant or acquire licenses, easements and options with respect thereto;
(9) 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 downtown district for the use, in whole or in part, of any public or private person or corporation, or a combination thereof;
(10) 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;
(11) Lease any building or property under its control, or any part thereof;
(12) Accept grants and donations of property, labor or other things of value from a public or private source; and
(13) Acquire and construct public facilities.
(B) Financing.
(1) The activities of the Authority shall be financed from one or more of the following sources:
(a) Donations to the authority for the performance of its functions;
(b) Proceeds of a tax imposed pursuant to § 12 of Public Act 57 of 2018, as amended, being M.C.L.A. § 125.1662;
(c) Monies borrowed and to be repaid as authorized by § 13 of Public Act 57 of 2018, as amended, being M.C.L.A. § 125.1663;
(d) 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;
(e) Proceeds of a tax increment financing plan established under §§ 14 to 16 of Public Act 57 of 2018, as amended, being M.C.L.A. §§ 125.1664 and 125.1666;
(f) Proceeds from a special assessment district created as provided by law; and
(g) Money obtained from other sources approved by the City Council.
(2) Money received by the authority and not covered under the above provisions shall immediately be deposited to the credit of the authority, subject to disbursement pursuant to Public Act 57 of 2018, as amended. Except as provided in Public Act 57 of 2018, as amended, being M.C.L.A. §§ 125.1651 through 125.1680, the city shall not obligate itself nor shall it ever be obligated to pay any sums from public funds, other than money received by the city pursuant to this section, for or on account of the activities of the authority.
(Prior Code, § 28-33) (Ord. 1194, passed 6-21-2004; Ord. 1223-B, passed 4-4-2005)