(A) Adoption. A development and tax increment financing plan, approved by the Authority pursuant to the procedures set forth in the act, an any amendments thereto, shall be submitted in ordinance form to City Council for its approval after proper notice and public hearing.
(B) Reaffirmation. The “Development and Tax Increment Financing Plan of the Downtown Development Authority for the City of Wyandotte”, adopted on 3-22-1988, pursuant to Act 57 of 2018, as amended, and as amended on 7-31-2003, is hereby reaffirmed and continues to constitute a public purpose, based on all of the considerations set forth M.C.L.A. §§ 125.1669 et seq.
(Prior Code, § 28-34.1) (Ord. 1223-B, passed 4-4-2005)
Editor's note:
The Development and Tax Increment Financing Plan of the Downtown Development Authority was subsequently amended by Ord. 1522, passed 2-28-2022.