Sec. 416.
(1) Before adoption of a resolution approving or amending a development plan or approving or amending a tax increment financing plan, the governing body 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 not be less than 20 days before the date set for 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 the following:
(a) A description of the property to which the plan applies in relation to highways, streets, streams, or otherwise.
(b) 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.
(c) Other information that the governing body considers appropriate.
(3) 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 matter. 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 at that time.
History: 2018, Act 57, Eff. Jan. 1, 2019
Structure Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 57 of 2018 - Recodified Tax Increment Financing Act (125.4101 - 125.4915)
57-2018-4 - Part 4 Local Development Finance Authorities (125.4401...125.4420)
Section 125.4401 - Legislative Findings; Short Title of Part.
Section 125.4402 - Definitions.
Section 125.4407 - Powers of Board Generally.
Section 125.4408 - Authority as Instrumentality of Political Subdivision.
Section 125.4409 - Taking, Transfer, and Use of Private Property.
Section 125.4410 - Financing Activities of Authority.
Section 125.4411 - Revenue Bonds.
Section 125.4412 - Tax Increment Financing Plan.
Section 125.4414 - Tax Increment Bonds; Qualified Refunding Obligation.
Section 125.4415 - Development Plan Generally.
Section 125.4418 - Relocation of Person; Notice to Vacate.
Section 125.4420 - Dissolution of Authority; Resolution; Disposition of Property and Assets.