Michigan Laws 125.4819 – Development plan or tax increment financing plan as public purpose; consideration for approval, rejection, or modification
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 125.4819
- Authority: means a neighborhood improvement authority created under this part. See Michigan Laws 125.4802
- Development area: means that area described in section 805 to which a development plan is applicable. See Michigan Laws 125.4802
- Development plan: means that information and those requirements for a development area set forth in section 819. See Michigan Laws 125.4802
- Land use plan: means a plan prepared under former 1921 PA 207 or a site plan under the Michigan zoning enabling act, 2006 PA 110, MCL 125. See Michigan Laws 125.4802
- Municipality: means a city or a village. See Michigan Laws 125.4802
The governing body after a public hearing on the development plan or the tax increment financing plan, or both, with notice given under section 818, shall determine whether the development plan or tax increment financing plan constitutes a public purpose. If it determines that the development plan or tax increment financing plan constitutes a public purpose, it shall by ordinance approve or reject the plan, or approve it with modification, based on the following considerations:
(a) The plan meets the requirements under section 817(2).
(b) The proposed method of financing the development is feasible and the authority has the ability to arrange the financing.
(c) The development is reasonable and necessary to carry out the purposes of this part.
(d) The land included within the development area to be acquired is reasonably necessary to carry out the purposes of the plan and of this part in an efficient and economically satisfactory manner.
(e) The development plan is in reasonable accord with the land use plan of the municipality.
(f) Public services, such as fire and police protection and utilities, are or will be adequate to service the project area.
(g) Changes in zoning, streets, street levels, intersections, and utilities are reasonably necessary for the project and for the municipality.