Section 125.4912 – Copy or Electronic Mail Link of Adopted Development Plan or Tax Increment Finance Plan.
125.4912 Copy or electronic mail link of adopted development plan or tax increment finance plan. Sec. 912. Within 90 days of the effective date of this act, each authority shall send a copy or an electronic mail link of its currently adopted development plan or its currently adopted tax increment finance plan, if separate from […]
Section 125.4915 – Enforcement of Act.
125.4915 Enforcement of act. Sec. 915. (1) The department of treasury may institute proceedings to compel enforcement of this act and shall send written notification to an authority that fails to comply with this act, to each taxing jurisdiction that has tax increment revenues captured by the authority, and to the governing body of the […]
Section 125.4818 – Development Plan; Public Hearing; Notice; Opportunity to Speak and Provide Written Comment.
125.4818 Development plan; public hearing; notice; opportunity to speak and provide written comment. Sec. 818. (1) The governing body, before adoption of an ordinance approving a development plan or tax increment financing plan, shall hold a public hearing on the development plan. Notice of the time and place of the hearing shall be given by […]
Section 125.4819 – Development Plan or Tax Increment Financing Plan as Public Purpose; Consideration for Approval, Rejection, or Modification.
125.4819 Development plan or tax increment financing plan as public purpose; consideration for approval, rejection, or modification. Sec. 819. The governing body after a public hearing on the development plan or the tax increment financing plan, or both, with notice given under section 818, shall determine whether the development plan or tax increment financing plan […]
Section 125.4820 – Budget; Submission; Approval; Cost of Handling and Auditing Funds.
125.4820 Budget; submission; approval; cost of handling and auditing funds. Sec. 820. (1) The director of the authority shall submit a budget to the board for the operation of the authority for each fiscal year before the beginning of the fiscal year. The budget shall be prepared in the manner and contain the information required […]
Section 125.4805 – Operation of Authority; Resolution of Intent; Public Hearing; Notice; Adoption of Ordinance Establishing Authority; Filing; Alteration or Amendment of Boundaries; Exclusions; Duration.
125.4805 Operation of authority; resolution of intent; public hearing; notice; adoption of ordinance establishing authority; filing; alteration or amendment of boundaries; exclusions; duration. Sec. 805. (1) If the governing body of a municipality determines that it is necessary for the best interests of the public to promote residential growth in a residential district and to […]
Section 125.4821 – Dissolution of Authority; Property and Assets.
125.4821 Dissolution of authority; property and assets. Sec. 821. An authority that has completed the purposes for which it was organized shall be dissolved by ordinance of the governing body. The property and assets of the authority remaining after the satisfaction of the obligations of the authority belong to the municipality. History: 2018, Act 57, […]
Section 125.4806 – Annexation or Consolidation With Another Municipality.
125.4806 Annexation or consolidation with another municipality. Sec. 806. If a development area is part of an area annexed to or consolidated with another municipality, the authority managing that development area shall become an authority of the annexing or consolidated municipality. Obligations of that authority incurred under a development or tax increment plan, agreements related […]
Section 125.4901 – Definitions.
125.4901 Definitions. Sec. 901. As used in this part: (a) “Authority” means all of the following: (i) An authority as defined in part 2. (ii) An authority as defined in part 3. (iii) An authority as defined in part 4. (iv) An authority as defined in part 6. (v) An authority as defined in part […]
Section 125.4807 – Board; Chief Executive Officer; Membership; Appointment; Terms; Vacancy; Oath; Open Meetings; Removal of Member; Financial Records; Writings Subject to Freedom of Information Act.
125.4807 Board; chief executive officer; membership; appointment; terms; vacancy; oath; open meetings; removal of member; financial records; writings subject to freedom of information act. Sec. 807. (1) An authority shall be under the supervision and control of a board consisting of the chief executive officer of the municipality or his or her designee and not […]