Michigan Laws 460.937 – Establishment; actions to be taken by governing body; amendment by resolution
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Terms Used In Michigan Laws 460.937
- Governing body: means the county board of commissioners of a county, the township board of a township, or the council or other similar elected legislative body of a city or village. See Michigan Laws 460.933
- program: means a program as described in section 5(2). See Michigan Laws 460.933
- Property: means any of the following privately owned real property located within the local unit of government:
(i) Commercial property. See Michigan Laws 460.933Record owner: means the person or persons possessed of the most recent fee title or land contract vendee's interest in property as shown by the records of the county register of deeds. See Michigan Laws 460.933
(1) To establish a property assessed clean energy program, a governing body shall take the following actions in the following order:
(a) Adopt a resolution of intent that includes all of the following:
(i) A finding that the financing of projects is a valid public purpose.
(ii) A statement of intent to provide funds for projects, which may be repaid by assessments on the property benefited, with the agreement of the record owner.
(iii) A description of the proposed arrangements for financing the program.
(iv) The types of projects that may be financed.
(v) Reference to a report on the proposed program as described in section 9(1) and a location where the report is available pursuant to section 9(2).
(vi) The time and place for a public hearing on the proposed program.
(b) Hold a public hearing at which the public may comment on the proposed program, including the report described in section 9(1).
(c) Adopt a resolution establishing the program and setting forth its terms and conditions, including all of the following:
(i) Matters required by section 9(1) to be included in the report. For this purpose, the resolution may incorporate the report or an amended version of the report by reference.
(ii) A description of aspects of the program that may be amended without holding a new public hearing and aspects that may be amended only after a new public hearing is held.
(2) The governing body may amend a property assessed clean energy program by resolution. Before adopting the resolution, the governing body shall hold a public hearing if required under subsection (1)(c).