There is a newer version of the Michigan Compiled Laws
2014 Michigan Compiled Laws
Chapter 125 - PLANNING, HOUSING, AND ZONING
Act 197 of 1975 DOWNTOWN DEVELOPMENT AUTHORITY (125.1651 - 125.1681)
- Section 125.1651 Definitions.
- Section 125.1651a Legislative findings.
- Section 125.1652 Authority; establishment; restriction; public body corporate; powers generally.
- Section 125.1653 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; adoption, filing, and publication of ordinance; altering or amending boundaries; agreement with adjoining municipality; agreement with qualified township.
- Section 125.1653a Authority of annexing or consolidated municipality; obligations, agreements, and bonds.
- Section 125.1653b Ratification and validation of ordinance and actions; compliance.
- Section 125.1653c Proceedings or findings; validity.
- Section 125.1653d Establishment or amendment of authority, district, or plan; notice; publication or posting.
- Section 125.1654 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 members; 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 125.1655 Director, acting director, treasurer, secretary, legal counsel, and other personnel.
- Section 125.1656 Participation of employees in municipal retirement and insurance programs.
- Section 125.1657 Powers of board; creation, operation, or funding of retail business incubator.
- Section 125.1658 Board serving as planning commission; agenda.
- Section 125.1659 Authority as instrumentality of political subdivision.
- Section 125.1660 Taking, transfer, and use of private property.
- Section 125.1661 Financing activities of authority; disposition of money received by authority; municipal obligations.
- Section 125.1662 Ad valorem tax; borrowing in anticipation of collection.
- Section 125.1663 Revenue bonds.
- Section 125.1663a 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 125.1663b 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 125.1663c 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 125.1664 Tax increment financing plan; preparation and contents; limitation; public hearing; fiscal and economic implications; recommendations; agreements; modification of plan; catalyst development project.
- Section 125.1665 Transmitting and expending tax increments revenues; reversion of surplus funds; abolition of tax increment financing plan; conditions; annual report on status of tax increment financing account; contents; publication.
- Section 125.1666 General obligation bonds and tax increment bonds; qualified refunding obligation.
- Section 125.1667 Development plan; preparation; contents; improvements related to qualified facility.
- Section 125.1668 Ordinance approving development plan or tax increment financing plan; public hearing; notice; record.
- Section 125.1669 Development plan or tax increment financing plan as constituting public purpose; determination; ordinance; considerations; amendments; incorporation of catalyst development project plan.
- Section 125.1670 Notice to vacate.
- Section 125.1671 Development area citizens council; establishment; appointment and qualifications of members; representative of development area.
- Section 125.1672 Development area citizens council; advisory body.
- Section 125.1673 Consultation.
- Section 125.1674 Development area citizens council; meetings; notice; record; information and technical assistance; failure to organize, consult, or advise.
- Section 125.1675 Citizens district council as development area citizens council.
- Section 125.1676 Notice of findings and recommendations.
- Section 125.1677 Development area citizens council; dissolution.
- Section 125.1678 Budget; cost of handling and auditing funds.
- Section 125.1678a Exemption.
- Section 125.1679 Historic sites.
- Section 125.1680 Dissolution of authority; disposition of property and assets; reinstatement of authority; contesting validity of proceedings, findings, and determinations.
- Section 125.1681 Proceedings to compel enforcement of act; rules.
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