Michigan Laws 125.990c – Initiation by delivery of petition
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Terms Used In Michigan Laws 125.990c
- 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
- Assessment: means an assessment imposed under this chapter against assessable property for the benefit of the property owners. See Michigan Laws 125.990
- Board: means the board of directors of a business improvement zone. See Michigan Laws 125.990
- Business improvement zone: means a business improvement zone created under this chapter. See Michigan Laws 125.990
- Person: means an individual, partnership, corporation, limited liability company, association, or other legal entity. See Michigan Laws 125.990
- Qualifying period: means the period in which a business improvement zone is authorized to operate and impose and collect assessments, beginning on the date that the business improvement zone is approved by the property owners voting on the question as provided in section 10f and ending 7 to 10 calendar years after that date as determined in the petition described in section 10c. See Michigan Laws 125.990
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- 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
A person may initiate the establishment of a business improvement zone by the delivery of a petition to the clerk of the city or village in which a proposed zone area is located. The petition shall include all of the following:
(a) An attached map and description of the geographic boundaries of the zone area sufficient to identify each assessable property included.
(b) The signatures of property owners of parcels representing not less than 30% of the property owners within the zone area.
(c) An attached listing, by tax parcel identification number, of all parcels within the zone area, separately identifying assessable property.
(d) An attached zone plan, which shall include all of the following:
(i) The proposed initial board of directors for the zone, including no less than 1 owner of residential real property if residential real property is determined assessable property by the local governmental unit under section 10, except for a member of the board of directors who may be appointed by the city or village under section 10g(2).
(ii) The method for removal, appointment, and replacement of the board.
(iii) A description of projects planned during the qualifying period, including the scope, nature, and duration of the projects.
(iv) An estimate of the total amount of expenditures for projects planned during the qualifying period.
(v) The proposed source or sources of financing for the projects.
(vi) If the proposed financing includes assessments, the projected amount or rate of the assessments for each year and the formula to be used in allocating the assessment to be imposed on the basis of the benefit to assessable property.
(vii) A plan of dissolution for the business improvement zone.
(viii) Beginning on the effective date of the amendatory act that added this subparagraph, the number of calendar years in the qualifying period, not more than 10 calendar years and not less than 7 calendar years.
(e) A formula for allocating assessments in the zone area that is based on the benefit to assessable property.