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 125.4709 – Participation of Employees in Municipal Retirement and Insurance Programs; Employees Not Civil Service Employees.
125.4709 Participation of employees in municipal retirement and insurance programs; employees not civil service employees. Sec. 709. The employees of an authority shall be eligible to participate in municipal retirement and insurance programs of the municipality as if they were civil service employees except that the employees of an authority are not civil service employees. […]
Section 125.4804 – Multiple Authorities; Establishment; Authority as Public Body Corporate.
125.4804 Multiple authorities; establishment; authority as public body corporate. Sec. 804. (1) Except as otherwise provided in this subsection, a municipality may establish multiple authorities. A parcel of property shall not be included in more than 1 authority created under this part. (2) An authority is a public body corporate that may sue and be […]
Section 125.4710 – Board; Powers; Duties; Preparation of Water Resource Management Plan; Consultation With Certain Entities; Application for State and Federal Permits.
125.4710 Board; powers; duties; preparation of water resource management plan; consultation with certain entities; application for state and federal permits. Sec. 710. (1) The board may do any of the following: (a) Prepare an analysis of water resource improvement and access to inland lakes issues taking place in the development area. (b) Study and analyze […]
Section 125.4711 – Authority as Instrumentality of Political Subdivision.
125.4711 Authority as instrumentality of political subdivision. Sec. 711. The authority is an instrumentality of a political subdivision for purposes of 1972 PA 227, MCL 213.321 to 213.332. History: 2018, Act 57, Eff. Jan. 1, 2019
Section 125.4712 – Financing Sources; Disposition of Money Received.
125.4712 Financing sources; disposition of money received. Sec. 712. (1) The activities of the authority shall be financed from 1 or more of the following sources: (a) Donations to the authority for the performance of its functions. (b) Money borrowed and to be repaid as authorized by sections 713 and 714. (c) Revenues from any […]
Section 125.4713 – Borrowing Money and Issuing Bonds.
125.4713 Borrowing money and issuing bonds. Sec. 713. The authority may borrow money and issue its negotiable revenue bonds under the revenue bond act of 1933, 1933 PA 94, MCL 141.101 to 141.140. History: 2018, Act 57, Eff. Jan. 1, 2019
Section 125.4714 – Borrowing Money and Issuing Bonds or Notes; Security; Pledge; Lien; Exemption of Bonds or Notes From Taxation; Municipality Not Liable on Bonds and Notes of Authority; Statement; Investment; Deposit.
125.4714 Borrowing money and issuing bonds or notes; security; pledge; lien; exemption of bonds or notes from taxation; municipality not liable on bonds and notes of authority; statement; investment; deposit. Sec. 714. (1) The authority may with approval of the local governing body borrow money and issue its revenue bonds or notes to finance all […]
Section 125.4715 – Tax Increment Financing Plan; Preparation and Submission; Development Plan; Statement of Estimated Impact; Approval; Notice, Hearing, and Disclosure Provisions; Modification; Exempting Taxes From Capture; Resolution; Action of Library Board or Commission.
125.4715 Tax increment financing plan; preparation and submission; development plan; statement of estimated impact; approval; notice, hearing, and disclosure provisions; modification; exempting taxes from capture; resolution; action of library board or commission. Sec. 715. (1) If the authority determines that it is necessary for the achievement of the purposes of this part, the authority shall […]