Michigan Compiled Laws
Act 385 of 1984 - Technology Park Development Act (207.701 - 207.718)
Section 207.705 - Technology Park District; Establishment; Composition; Requirements; Resolution; Filing Written Request; Alteration of Boundaries; Public Hearing; Notice; District Established by Township; Land Included as Part of District.

Sec. 5.
(1) A local governmental unit, by resolution of its legislative body, may establish 1 technology park district or, if subdivision (a) is not applicable, may establish more than 1 technology park district. A district shall consist of 1 or more parcels or tracts of land and, at the time the resolution is adopted, shall meet the following requirements:
(a) The district shall contain not less than 100 acres of undeveloped land. This subdivision does not apply if the administration building of the university requesting establishment of the district is located in a local governmental unit with a population of 800,000 or more persons.
(b) The district boundaries shall be continuous.
(c) All of the land in the district shall be within a 10-mile radius of the administration building on the main campus of a 4-year public university, 4-year independent university, or 4-year institute of technology, or within the corporate boundaries of the city, village, or township in which the administration building is located, or in a city or township adjacent to a city in which the administration building is located if the district is adjacent to land owned by the 4-year public university.
(2) The resolution establishing a district shall set forth a finding and determination that the district satisfies all the requirements of subsection (1).
(3) A local governmental unit shall establish a district only upon the written request filed with the clerk of the local governmental unit by the owners of record of 75% of the land included within the proposed district and the board of control of the 4-year eligible university or institute. If the university lies within 2 adjoining local governmental units, the university may file a request with both of the clerks of the local governmental units.
(4) The boundaries of an established district may be altered to include or exclude land upon the request of the owners of record of the affected real property and with the written consent of the owners of record of 75% of the land within the district as established and the board of control of the university. The district as altered shall satisfy the requirements provided in subsection (1).
(5) After receiving a proper written request and before adopting a resolution establishing or altering a district, the legislative body shall set a date for a public hearing on the request and shall publish a notice of the hearing. The legislative body shall also give written notice of the hearing to all of the owners of record of real property within the proposed district and to the legislative body of each taxing unit which levies ad valorem property taxes on the real property within the proposed district. The notice shall be given by certified mail not less than 10 nor more than 30 days before the date of the hearing.
(6) A district established by a township shall affect only land within the unincorporated territory of the township and shall not affect land within a village located in that township.
(7) Land included as part of a district may also be part of a district or development area established under any of the following:
(a) The commercial redevelopment act, Act No. 255 of the Public Acts of 1978, being sections 207.651 to 207.668 of the Michigan Compiled Laws.
(b) Act No. 198 of the Public Acts of 1974, being sections 207.551 to 207.571 of the Michigan Compiled Laws.
(c) Act No. 197 of the Public Acts of 1975, being sections 125.1651 to 125.1681 of the Michigan Compiled Laws.
(d) The tax increment finance authority act, Act No. 450 of the Public Acts of 1980, being sections 125.1801 to 125.1830 of the Michigan Compiled Laws.
History: 1984, Act 385, Imd. Eff. Dec. 28, 1984 ;-- Am. 1988, Act 382, Imd. Eff. Dec. 21, 1988 ;-- Am. 1990, Act 151, Imd. Eff. June 27, 1990

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 207 - Taxation

Act 385 of 1984 - Technology Park Development Act (207.701 - 207.718)

Section 207.701 - Short Title.

Section 207.702 - Meanings of Words and Phrases.

Section 207.703 - Definitions; D to P.

Section 207.704 - Definitions; S, T.

Section 207.705 - Technology Park District; Establishment; Composition; Requirements; Resolution; Filing Written Request; Alteration of Boundaries; Public Hearing; Notice; District Established by Township; Land Included as Part of District.

Section 207.706 - Application for Technology Park Facilities Exemption Certificate; Filing; Contents; Notification of Assessor and Legislative Body; Public Hearing; Notice.

Section 207.707 - Approval or Disapproval of Application; Resolution.

Section 207.707a - District or Exemption Certificate; Approval or Disapproval; Effective Date of Exemption Certificate; Appeal.

Section 207.708 - Certificate; Issuance; Form; Contents; Effective Date; Filing; Record.

Section 207.709 - Exemption From Ad Valorem Real and Personal Property Taxes; Duration of Certificate; Review; Extension; Commencement and Termination of Certificate; Date of Issuance of Certificate of Occupancy; Basis of Review.

Section 207.710 - State Equalized Valuation; Finding; Statement; Requirements for Approval of Application.

Section 207.711 - Annual Valuation of Facility; Duties of Assessor.

Section 207.712 - Technology Park Facilities Tax; Levy; Amount; Collection, Disbursement, and Assessment of Tax; Payment; Copy of Amount of Disbursement; Facility Located in Renaissance Zone; Facility of Qualified Start-Up Business.

Section 207.712a - Facility Subject to Technology Park Facilities Exemption Certificate; Exemption for Eligible Manufacturing Personal Property; "Eligible Manufacturing Personal Property" Defined.

Section 207.713 - Technology Park Facilities Tax; Failure to Pay; Remedies; Tax as Lien; Enforcement; Disbursement of Tax and Interest.

Section 207.714 - Revocation of Certificate; Grounds; Effect of Noncompliance.

Section 207.715 - Transfer of Certificate; Filing Application for Approval.

Section 207.716 - Status of Certificate; Report.

Section 207.717 - Analyses of Costs and Benefits.

Section 207.718 - Exemptions; Submission of Analyses of Costs and Benefits.