Sec. 11.
The assessor of each city or township in which there is a restored facility, a new facility or a replacement facility with respect to which 1 or more commercial facilities exemption certificates are issued and in force shall determine annually as of December 31 the value of each facility separately, having the benefit of the certificates and upon receipt of notice of the filing of an application for the issuance of a certificate, shall determine and furnish to the local legislative body the value of the property to which the application pertains and other information as may be necessary to permit the local legislative body to make the determinations required by section 10(1).
History: 1978, Act 255, Imd. Eff. June 21, 1978
Structure Michigan Compiled Laws
Act 255 of 1978 - Commercial Redevelopment Act (207.651 - 207.668)
Section 207.651 - Short Title.
Section 207.652 - Meanings of Words and Phrases.
Section 207.653 - Meanings of Words and Phrases.
Section 207.654 - Definitions; L to T.
Section 207.661 - Valuation of Facilities and Property by Assessor.
Section 207.664 - Grounds for Revocation of Exemption.
Section 207.665 - Transfer or Assignment of Certificate; Approval; Notice and Hearing.
Section 207.666 - Report on Status of Exemption.
Section 207.668 - Limitation on New Exemptions; Continuation of Exemption.