Sec. 4.
(1) A governing body may declare by resolution adopted by a majority of its members elected and serving its intention to create and provide for the operation of an authority.
(2) In the resolution of intent, the governing body shall set a date for holding a public hearing on the adoption of a proposed resolution creating the authority. The notice of the public hearing shall state the date, time, and place of the hearing. At that hearing, a citizen, taxpayer, official from a taxing jurisdiction whose millage may be subject to capture under a brownfield plan, or property owner of the municipality has the right to be heard in regard to the establishment of the authority.
(3) Not more than 30 days after the public hearing, if the governing body intends to proceed with the establishment of the authority, the governing body shall adopt, by majority vote of its members elected and serving, a resolution establishing the authority. The adoption of the resolution is subject to all applicable statutory or charter provisions with respect to the approval or disapproval by the chief executive or other officer of the municipality and the adoption of a resolution over his or her veto. This resolution shall be filed with the secretary of state promptly after its adoption.
(4) The proceedings establishing an authority shall be presumptively valid unless contested in a court of competent jurisdiction within 60 days after the filing of the resolution with the secretary of state.
(5) The exercise by an authority of the powers conferred by this act shall be considered to be an essential governmental function and benefit to, and a legitimate public purpose of, the state, the authority, and the municipality or units.
History: 1996, Act 381, Eff. Sept. 16, 1996 ;-- Am. 2000, Act 145, Imd. Eff. June 6, 2000 ;-- Am. 2005, Act 101, Imd. Eff. July 22, 2005 ;-- Am. 2012, Act 502, Imd. Eff. Dec. 28, 2012 ;-- Am. 2016, Act 471, Eff. Apr. 5, 2017
Structure Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 381 of 1996 - Brownfield Redevelopment Financing Act (125.2651 - 125.2672)
Section 125.2651 - Short Title.
Section 125.2652 - Definitions.
Section 125.2658 - Local Brownfield Revolving Fund.
Section 125.2658a - State Brownfield Redevelopment Fund.
Section 125.2659 - Authority as Instrumentality of Political Subdivision.
Section 125.2660 - Taking, Transfer, and Use of Private Property.
Section 125.2661 - Financing Sources of Authority Activities.
Section 125.2662 - Bonds and Notes of Authority.
Section 125.2663 - Brownfield Plan; Provisions.
Section 125.2663a - Cost Recovery Action.
Section 125.2663b - Use of Taxes Captured From Eligible Property.
Section 125.2663c - Transformational Brownfield Plan.
Section 125.2665b - Reimbursement to Intermediate School Districts.
Section 125.2667 - Authorization, Issuance, and Sale of Tax Increment Bonds and Notes.
Section 125.2668 - Operating Budget.
Section 125.2669 - Dissolution of Authority; Distribution of Tax Revenues and Interest.
Section 125.2670 - Enforcement Proceedings.
Section 125.2671 - Repealed. 2016, Act 471, Eff. Apr. 5, 2017.
Section 125.2672 - Repealed. 2016, Act 471, Eff. Apr. 5, 2017.