Michigan Laws 125.2687 – Renaissance zone; designation; criteria; resolution; report of transaction with or gift to official or employee of local governmental unit
Current as of: 2023 | Check for updates
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(1) The board shall consider the following criteria in designating a renaissance zone:
(a) Shall give priority to applications that include new business activity.
Terms Used In Michigan Laws 125.2687
- Board: means the state administrative board created in 1921 PA 2, MCL 17. See Michigan Laws 125.2683
- Development plan: means a written plan that addresses the criteria in section 7 and includes all of the following:
(i) A map of the proposed renaissance zone that indicates the geographic boundaries, the total area, and the present use and conditions generally of the land and structures within those boundaries. See Michigan Laws 125.2683Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other. Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value. Local governmental unit: means a county, city, village, township, or, for taxes levied after 2009, any other taxing jurisdiction that levies an ad valorem property tax. See Michigan Laws 125.2683 Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land. Renaissance zone: means a geographic area designated under this act. See Michigan Laws 125.2683
(b) Evidence of adverse economic and socioeconomic conditions within the proposed renaissance zone.
(c) The viability of the development plan.
(d) Whether the development plan is creative and innovative.
(e) Public and private commitment to and other resources available for the proposed renaissance zone.
(f) How renaissance zone designation would relate to a broader plan for the community as a whole.
(g) The level of demonstrated cooperation from surrounding communities.
(h) How the local regulatory burden will be eased for businesses operating in the proposed renaissance zone.
(i) Public and private commitment to improving abandoned real property.
(j) Any other information required by the board.
(2) The board shall not designate an area as a renaissance zone unless each city, village, or township, within which the proposed renaissance zone is to be located, provides a resolution from its governing body that states if the renaissance zone designation is granted, persons and property within the renaissance zone are exempt from taxes levied by that city, village, or township as provided in this act.
(3) Within a 12-month period immediately preceding and immediately following designation of a renaissance zone or submission of an application for consideration as a renaissance zone, an individual who is a resident of a renaissance zone or an area being considered for designation as a renaissance zone, a business that is located and conducts business activity within a renaissance zone or an area being considered for designation as a renaissance zone, or an officer of a business that is located and conducts business activity within a renaissance zone or an area being considered for designation as a renaissance zone shall report to the chief executive officer of the local governmental unit in which the renaissance zone is designated or the local governmental unit that has applied for renaissance zone designation any transaction with or gift to any official or employee of that local governmental unit. As used in this subsection, “gift” means that term as defined in section 4 of 1978 PA 472, MCL 4.414.