Michigan Compiled Laws
57-2018-2 - Part 2 Downtown Development Authorities (125.4201...125.4230)
Section 125.4218 - Ordinance Approving or Amending Development Plan or Tax Increment Financing Plan; Public Hearing; Notice; Record.

Sec. 218.
(1) The governing body, before adoption of an ordinance approving or amending a development plan or approving or amending a 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 publication twice in a newspaper of general circulation designated by the municipality, the first of which shall be not less than 20 days before the date set for the hearing. Notice of the hearing shall be posted in at least 20 conspicuous and public places in the downtown district not less than 20 days before the hearing. Notice shall also be mailed to all property taxpayers of record in the downtown district not less than 20 days before the hearing. Beginning June 1, 2005, the notice of hearing within the time frame described in this subsection shall be mailed by certified mail to the governing body of each taxing jurisdiction levying taxes that would be subject to capture if the development plan or the tax increment financing plan is approved or amended.
(2) Notice of the time and place of hearing on a development plan shall contain: a description of the proposed development area in relation to highways, streets, streams, or otherwise; a statement that maps, plats, and a description of the development plan, including the method of relocating families and individuals who may be displaced from the area, are available for public inspection at a place designated in the notice, and that all aspects of the development plan will be open for discussion at the public hearing; and other information that the governing body considers appropriate. At the time set for hearing, the governing body shall provide an opportunity for interested persons to be heard and shall receive and consider communications in writing with reference to the development plan. The hearing shall provide the fullest opportunity for expression of opinion, for argument on the merits, and for introduction of documentary evidence pertinent to the development plan. The governing body shall make and preserve a record of the public hearing, including all data presented thereat.
History: 2018, Act 57, Eff. Jan. 1, 2019

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 125 - Planning, Housing, and Zoning

Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)

57-2018-2 - Part 2 Downtown Development Authorities (125.4201...125.4230)

Section 125.4201 - Definitions.

Section 125.4201a - Legislative Findings.

Section 125.4202 - Authority; Establishment; Restriction; Public Body Corporate; Powers Generally.

Section 125.4203 - 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 Libr...

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; Re...

Section 125.4205 - Director; Acting Director; Treasurer; Secretary; Legal Counsel; Other Personnel.

Section 125.4206 - Participation of Employees in Municipal Retirement and Insurance Programs.

Section 125.4207 - Powers of Board; Creation, Operation, or Funding of Retail Business Incubator.

Section 125.4208 - Board Serving as Planning Commission; Agenda.

Section 125.4209 - Authority as Instrumentality of Political Subdivision.

Section 125.4210 - Taking, Transfer, and Use of Private Property.

Section 125.4211 - 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;...

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 Lia...

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; Approp...

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.