Michigan Compiled Laws
57-2018-6 - Part 6 Corridor Improvement Authorities (125.4602...125.4629)
Section 125.4622 - Development Plan; Public Hearing; Notice; Contents; Opportunity to Speak; Hearing Record.

Sec. 622.
(1) The governing body, before adoption of a resolution approving a development plan or 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 development area not less than 20 days before the hearing. Notice shall also be mailed to all property taxpayers of record in the development area and to the governing body of each taxing jurisdiction levying taxes that would be subject to capture if the tax increment financing plan is approved not less than 20 days before the hearing. 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 tax increment financing plan is approved.
(2) Notice of the time and place of hearing on a development plan shall contain all of the following:
(a) A description of the proposed development area 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.
(c) A statement that all aspects of the development plan will be open for discussion at the public hearing.
(d) Other information that the governing body considers appropriate.
(3) At the time set for the hearing, the governing body shall provide an opportunity for interested persons to speak and shall receive and consider communications in writing. The hearing shall provide the fullest opportunity for expression of opinion, for argument on the merits, and for consideration 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 the hearing.
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)

57-2018-6 - 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 125.4606 - Creation of Authority; Resolution by Governing Body; Notice of Public Hearing; Adoption of Resolution Designating Boundaries; Alteration or Amendment; Interlocal Agreement.

Section 125.4607 - Annexation or Consolidation; Effect.

Section 125.4608 - Authority Under Supervision and Control of Board; Membership; Appointment; Terms; Vacancy; Expenses; Chairperson; Oath; Proceedings and Rules Subject to Open Meetings Act; Removal of Board Member; Financial Records; Writings Subjec...

Section 125.4609 - Director, Treasurer, Secretary, Legal Counsel, Other Personnel; Compensation; Duties.

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 125.4620 - Financing Development Program of Tax Increment Financing Plan; Authorization, Issuance, and Sale of General Obligation Bonds; Estimate of Anticipated Tax Increment Revenues; Resolution; Security; Lien.

Section 125.4621 - Development Plan; Preparation; Contents.

Section 125.4622 - Development Plan; Public Hearing; Notice; Contents; Opportunity to Speak; Hearing Record.

Section 125.4623 - Approval, Rejection, or Approval With Modification; Considerations.

Section 125.4624 - Notice to Vacate.

Section 125.4625 - Budget; Submission to Board; Preparation; Approval; Adoption; Cost of Handling and Auditing Funds.

Section 125.4626 - Preservation of Historical Sites.

Section 125.4627 - Dissolution.

Section 125.4629 - Tax Increment Revenues; Definition; Condition.