Michigan Compiled Laws
57-2018-8 - Part 8 Neighborhood Improvement Authorities (125.4802...125.4821)
Section 125.4807 - Board; Chief Executive Officer; Membership; Appointment; Terms; Vacancy; Oath; Open Meetings; Removal of Member; Financial Records; Writings Subject to Freedom of Information Act.

Sec. 807.
(1) An authority shall be under the supervision and control of a board consisting of the chief executive officer of the municipality or his or her designee and not less than 5 or more than 9 members as determined by the governing body of the municipality. Members shall be appointed by the chief executive officer of the municipality, subject to approval by the governing body of the municipality. Not less than a majority of the members shall be persons having an ownership or business interest in property located in the development area. At least 1 of the members shall be a resident of the development area or of an area within 1/2 mile of any part of the development area. Of the members first appointed, an equal number of the members, as near as is practicable, shall be appointed for 1 year, 2 years, 3 years, and 4 years. A member shall hold office until the member's successor is appointed. After the initial appointment, each member shall serve for a term of 4 years. An appointment to fill a vacancy shall be made by the chief executive officer of the municipality for the unexpired term only. Members of the board shall serve without compensation, but shall be reimbursed for actual and necessary expenses. The chairperson of the board shall be elected by the board.
(2) Before assuming the duties of office, a member shall qualify by taking and subscribing to the constitutional oath of office.
(3) The proceedings and rules of the board are subject to the open meetings act, 1976 PA 267, MCL 15.261 to 15.275. The board shall adopt rules governing its procedure and the holding of regular meetings, subject to the approval of the governing body. Special meetings may be held if called in the manner provided in the rules of the board.
(4) After having been given notice and an opportunity to be heard, a member of the board may be removed for cause by the governing body.
(5) All expense items of the authority shall be publicized monthly and the financial records shall always be open to the public.
(6) A writing prepared, owned, used, in the possession of, or retained by the board in the performance of an official function is subject to the freedom of information act, 1976 PA 442, MCL 15.231 to 15.246.
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)

57-2018-8 - Part 8 Neighborhood Improvement Authorities (125.4802...125.4821)

Section 125.4802 - Definitions; a to M.

Section 125.4803 - Definitions; O to T.

Section 125.4804 - Multiple Authorities; Establishment; Authority as Public Body Corporate.

Section 125.4805 - Operation of Authority; Resolution of Intent; Public Hearing; Notice; Adoption of Ordinance Establishing Authority; Filing; Alteration or Amendment of Boundaries; Exclusions; Duration.

Section 125.4806 - Annexation or Consolidation With Another Municipality.

Section 125.4807 - Board; Chief Executive Officer; Membership; Appointment; Terms; Vacancy; Oath; Open Meetings; Removal of Member; Financial Records; Writings Subject to Freedom of Information Act.

Section 125.4808 - Director; Compensation; Service; Eligibility; Oath; Posting of Bond; Director as Chief Executive Officer; Duties of Director; Acting Director; Treasurer; Secretary; Retention of Legal Counsel; Other Personnel.

Section 125.4809 - Municipal Retirement and Insurance Programs; Participation.

Section 125.4810 - Powers of Board.

Section 125.4811 - Financing Sources; Disposition of Money Received.

Section 125.4812 - Borrowing Money and Issuing Negotiable Revenue Bonds.

Section 125.4813 - Acquisition or Construction of Property; Borrowing Money and Issuing Revenue Bonds; Other Financing; Securing Bonds and Notes; Pledge; Exemption From Taxation; Exceptions; Liability; Investments.

Section 125.4814 - Tax Increment Financing Plan; Preparation and Submission; Contents; Hearing and Approval Procedure; Agreement With Taxing Jurisdiction; Modification; Exemption From Tax; Separate Millage for Public Library Purposes; Resolution.

Section 125.4815 - Tax Increment Revenues; Transmission to Authority; Expenditures.

Section 125.4816 - Authorization, Issuance, and Sale of Tax Increment Bonds; Limitations; Pledge; Resolution to Create Lien on Revenues; Limited Tax Pledge.

Section 125.4817 - Development Plan; Contents.

Section 125.4818 - Development Plan; Public Hearing; Notice; Opportunity to Speak and Provide Written Comment.

Section 125.4819 - Development Plan or Tax Increment Financing Plan as Public Purpose; Consideration for Approval, Rejection, or Modification.

Section 125.4820 - Budget; Submission; Approval; Cost of Handling and Auditing Funds.

Section 125.4821 - Dissolution of Authority; Property and Assets.