(1) The local public agency, if required, shall submit its findings and recommendations for approval or rejection of the project plan, with any recommendations for modification, to the governing body of the municipality for which the corporation is incorporated.
  (2) The governing body of the municipality for which the corporation is incorporated, after a public hearing on the project plan with notice of the hearing given in accordance with section 17 shall determine whether the project plan constitutes a public purpose. If it determines that the project plan constitutes a public purpose, it shall then approve or reject the plan, or approve it with modification, based on the following considerations:

Terms Used In Michigan Laws 125.1610

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Corporation: means a corporation organized pursuant to this act. See Michigan Laws 125.1603
  • Governing body: means the body in which the legislative powers of a municipality are vested. See Michigan Laws 125.1603
  • Local public agency: means the official body of a municipality authorized to plan and implement the development and redevelopment of the municipality. See Michigan Laws 125.1603
  • Municipality: means a county, city, village, or township. See Michigan Laws 125.1603
  • Project: means land or an interest in land, existing or planned improvements, machinery, furnishings, or equipment suitable for use by any of the following:
  (i) An industrial or commercial enterprise, including agricultural and forestry enterprises and enterprises designed to produce energy from renewable resources. See Michigan Laws 125.1603
  • Project citizens district council: means a project citizens district council established pursuant to this act. See Michigan Laws 125.1603
  • Project plan: means that information and those requirements for a project set forth in section 8. See Michigan Laws 125.1603
    •   (a) The findings and recommendations of the local public agency, if required.
      (b) The findings and recommendations of the project citizens district council, if established.
      (c) That the plan meets the requirements set forth in section 8.
      (d) The persons who will be active in the management of the project for not less than 1 year after the approval of the project plan have sufficient ability and experience to manage the plan properly.
      (e) The proposed method of financing the project is feasible and the corporation has the ability to arrange the financing.
      (f) The project is reasonable and necessary to carry out the purposes of this act.
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