Michigan Laws 125.990b – Business improvement zone; establishment within city or village; allocation of assessments
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 125.990b
- Assessable property: means real property in a zone area other than real property exempt from the collection of taxes under the general property tax act, 1893 PA 206, MCL 211. See Michigan Laws 125.990
- Business improvement zone: means a business improvement zone created under this chapter. See Michigan Laws 125.990
- Zone area: means the area designated in the zone plan as the area to be served by the business improvement zone. See Michigan Laws 125.990
- Zone plan: means a set of goals, strategies, objectives, and guidelines for the operation of a business improvement zone. See Michigan Laws 125.990
(1) One or more business improvement zones may be established within a city or village.
(2) The zone plan shall allocate assessments on the basis of the benefit to assessable property. A zone area shall be contiguous, with the exception of public streets, alleys, parks, and other public rights-of-way.
(3) A business improvement zone may be established in a city or village even if the city or village has established a principal shopping district or business improvement district under chapter 1. Assessable property shall not be included in any of the following:
(a) More than 1 business improvement zone established under this chapter.
(b) Both a principal shopping district and a business improvement district established under chapter 1.