PocketLaw | Michigan Compiled Laws | Part 2 Downtown Development

Resolution of Intent to Create and Provide for Operation of Authority; Public Hearing on Proposed Ordinance Creating Authority and Designating Boundaries of Downtown District; Notice; Exemption of Taxes From Capture; Action by Library Board or Commission; Adoption, Filing, and Publication of Ordinance; Altering or Amending Boundaries; Agreement With Adjoining Municipality; Agreement With Qualified Township.

Section
125.4203a

Authority of Annexing or Consolidated Municipality; Obligations, Agreements, and Bonds.

Section
125.4203b

Ratification and Validation of Ordinance and Actions; Compliance.

Section
125.4203c

Proceedings or Findings; Validity.

Section
125.4203d

Establishment or Amendment of Authority, District, or Plan; Notice; Publication or Posting.

Section
125.4204

Board; Appointment, Terms, and Qualifications of Members; Vacancy; Compensation and Expenses; Election of Chairperson; Appointment as Public Official; Oath; Conducting Business at Public Meeting; Public Notice; Special Meetings; Removal of Member; Review; Expense Items and Financial Records; Availability of Writings to Public; Single Board Governing All Authorities; Member as Resident or Having Interest in Property; Planning Commission Serving as Board in Certain Municipalities; Modification by Interlocal Agreement.

Section
125.4205

Director; Acting Director; Treasurer; Secretary; Legal Counsel; Other Personnel.

Section
125.4206

Financing Activities of Authority; Disposition of Money Received by Authority; Municipal Obligations.

Section
125.4212

Ad Valorem Tax; Borrowing in Anticipation of Collection.

Section
125.4213

Revenue Bonds.

Section
125.4213a

Borrowing Money; Issuing Revenue Bonds or Notes; Purpose; Costs; Security; Pledge and Lien of Pledge Valid and Binding; Filing or Recordation Not Required; Tax Exemption; Bonds or Notes Neither Liability nor Debt of Municipality; Statement; Investment and Deposit of Bonds and Notes.

Section
125.4213b

Insufficient Tax Increment Revenues to Repay Advance or Pay Obligation; Contents, Time, and Payment of Claim; Appropriation and Distribution of Aggregate Amount; Limitations; Distribution Subject to Lien; Obligation as Debt or Liability; Certification of Distribution Amount; Basis for Calculation of Distributions and Claim Reports.

Section
125.4213c

Retention and Payment of Taxes Levied Under State Education Tax Act; Conditions; Application by Authority for Approval; Information to Be Included; Approval, Modification, or Denial of Application by Department of Treasury; Appropriation and Distribution of Amount; Calculation of Aggregate Amount; Lien; Reimbursement Calculations; Legislative Intent.

Section
125.4214

Tax Increment Financing Plan; Preparation and Contents; Limitation; Public Hearing; Fiscal and Economic Implications; Recommendations; Agreements; Modification of Plan; Catalyst Development Project.

Section
125.4215

Transmitting and Expending Tax Increments Revenues; Reversion of Surplus Funds; Abolishment of Tax Increment Financing Plan; Conditions.

Section
125.4216

General Obligation Bonds and Tax Increment Bonds; Qualified Refunding Obligation.

Section
125.4217

Development Plan; Preparation; Contents.

Section
125.4218

Ordinance Approving or Amending Development Plan or Tax Increment Financing Plan; Public Hearing; Notice; Record.

Section
125.4219

Development Plan or Tax Increment Financing Plan as Constituting Public Purpose; Determination; Ordinance; Considerations; Amendments; Incorporation of Catalyst Development Project Plan.

Section
125.4220

Notice to Vacate.

Section
125.4221

Development Area Citizens Council; Establishment; Appointment and Qualifications of Members; Representative of Development Area.

Section
125.4222

Development Area Citizens Council; Advisory Body.

Section
125.4223

Consultation.

Section
125.4224

Development Area Citizens Council; Meetings; Notice; Record; Information and Technical Assistance; Failure to Organize, Consult, or Advise.

Section
125.4225

Citizens District Council as Development Area Citizens Council.

Section
125.4226

Notice of Findings and Recommendations.

Section
125.4227

Development Area Citizens Council; Dissolution.

Section
125.4228

Budget; Cost of Handling and Auditing Funds.

Section
125.4228a

Exemption.

Section
125.4229

Historic Sites.

Section
125.4230

Dissolution of Authority; Disposition of Property and Assets; Reinstatement of Authority; Contesting Validity of Proceedings, Findings, and Determinations.

Part 2 Downtown Development Authorities (125.4201...125.4230)

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Definitions.

Legislative Findings.

Authority; Establishment; Restriction; Public Body Corporate; Powers Generally.

Authority of Annexing or Consolidated Municipality; Obligations, Agreements, and Bonds.

Ratification and Validation of Ordinance and Actions; Compliance.

Proceedings or Findings; Validity.

Establishment or Amendment of Authority, District, or Plan; Notice; Publication or Posting.

Director; Acting Director; Treasurer; Secretary; Legal Counsel; Other Personnel.

Participation of Employees in Municipal Retirement and Insurance Programs.

Powers of Board; Creation, Operation, or Funding of Retail Business Incubator.

Board Serving as Planning Commission; Agenda.

Authority as Instrumentality of Political Subdivision.

Taking, Transfer, and Use of Private Property.

Financing Activities of Authority; Disposition of Money Received by Authority; Municipal Obligations.

Ad Valorem Tax; Borrowing in Anticipation of Collection.

Revenue Bonds.

Borrowing Money; Issuing Revenue Bonds or Notes; Purpose; Costs; Security; Pledge and Lien of Pledge Valid and Binding; Filing or Recordation Not Required; Tax Exemption; Bonds or Notes Neither Liability nor Debt of Municipality; Statement; Investment and Deposit of Bonds and Notes.

Tax Increment Financing Plan; Preparation and Contents; Limitation; Public Hearing; Fiscal and Economic Implications; Recommendations; Agreements; Modification of Plan; Catalyst Development Project.

Transmitting and Expending Tax Increments Revenues; Reversion of Surplus Funds; Abolishment of Tax Increment Financing Plan; Conditions.

General Obligation Bonds and Tax Increment Bonds; Qualified Refunding Obligation.

Development Plan; Preparation; Contents.

Ordinance Approving or Amending Development Plan or Tax Increment Financing Plan; Public Hearing; Notice; Record.

Development Plan or Tax Increment Financing Plan as Constituting Public Purpose; Determination; Ordinance; Considerations; Amendments; Incorporation of Catalyst Development Project Plan.

Notice to Vacate.

Development Area Citizens Council; Establishment; Appointment and Qualifications of Members; Representative of Development Area.

Development Area Citizens Council; Advisory Body.

Consultation.

Development Area Citizens Council; Meetings; Notice; Record; Information and Technical Assistance; Failure to Organize, Consult, or Advise.

Citizens District Council as Development Area Citizens Council.

Notice of Findings and Recommendations.

Development Area Citizens Council; Dissolution.

Budget; Cost of Handling and Auditing Funds.

Exemption.

Historic Sites.

Dissolution of Authority; Disposition of Property and Assets; Reinstatement of Authority; Contesting Validity of Proceedings, Findings, and Determinations.