Sec. 605.
A development area shall only be established in a municipality and, except for a development area located in a qualified development area, shall comply with all of the following criteria:
(a) Is adjacent to or is within 500 feet of a road classified as an arterial or collector according to the Federal Highway Administration manual "Highway Functional Classification - Concepts, Criteria and Procedures".
(b) Contains at least 10 contiguous parcels or at least 5 contiguous acres.
(c) More than 1/2 of the existing ground floor square footage in the development area is classified as commercial real property under section 34c of the general property tax act, 1893 PA 206, MCL 211.34c.
(d) Residential use, commercial use, or industrial use has been allowed and conducted under the zoning ordinance or conducted in the entire development area, for the immediately preceding 30 years.
(e) Is presently served by municipal water or sewer.
(f) Is zoned to allow for mixed use that includes high-density residential use.
(g) The municipality agrees to all of the following:
(i) To expedite the local permitting and inspection process in the development area.
(ii) To modify its master plan to provide for walkable nonmotorized interconnections, including sidewalks and streetscapes throughout the development area.
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)
57-2018-6 - Part 6 Corridor Improvement Authorities (125.4602...125.4629)
Section 125.4602 - Definitions; a to M.
Section 125.4603 - Definitions.
Section 125.4604 - Multiple Authorities; Establishment; Public Body Corporate; Powers.
Section 125.4605 - Development Area; Establishment in Municipality; Exception; Criteria; Compliance.
Section 125.4607 - Annexation or Consolidation; Effect.
Section 125.4610 - Retirement and Insurance Programs.
Section 125.4611 - Board; Powers.
Section 125.4612 - Authority as Instrument of Political Subdivision.
Section 125.4613 - Acquisition of Private Property; Transfer to Authority; Use.
Section 125.4614 - Financing Sources; Disposition.
Section 125.4615 - Special Assessment; Levy; Borrowing Money and Issuing Notes.
Section 125.4616 - Revenue Bonds.
Section 125.4617 - Acquisition or Construction of Property; Financing; Bonds or Notes.
Section 125.4618 - Tax Increment Financing Plan.
Section 125.4619 - Tax Increment Revenues; Transmission; Expenditures; Use.
Section 125.4621 - Development Plan; Preparation; Contents.
Section 125.4623 - Approval, Rejection, or Approval With Modification; Considerations.
Section 125.4624 - Notice to Vacate.
Section 125.4626 - Preservation of Historical Sites.
Section 125.4627 - Dissolution.
Section 125.4629 - Tax Increment Revenues; Definition; Condition.