Sec. 14.
The legislative body of the local governmental unit may revoke the exemption if it finds that the completion of the facility has not occurred within 2 years after the effective date of the exemption certificate or a greater time as authorized by the legislative body for good cause, or that the holder of the exemption has not proceeded in good faith with the replacement, restoration, or construction and operation of the facility in good faith in a manner consistent with the purposes of this act and in absence of circumstances that are beyond the control of the holder of the exemption certificate.
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.