NOTICE OF POSTING
PLEASE TAKE NOTICE that a Fruitport Charter Township ordinance, specifically the Ordinance for Adoption of the 2021 Downtown Development Plan and Tax Increment Financing Plan of the Downtown Development Authority for the Charter Township of Fruitport, Michigan had its first reading at a meeting of the Fruitport Charter Township Board held on September 27, 2021.
The Ordinance will accomplish the following purpose: Adopt the DDA and TIF Plan.
ORDINANCE NO. _____
ORDINANCE FOR ADOPTION OF THE 2021 DOWNTOWN DEVELOPMENT PLAN AND TAX INCREMENT FINANCING PLAN OF THE DOWNTOWN DEVELOPMENT AUTHORITY FOR THE CHARTER TOWNSHIP OF FRUITPORT, MICHIGAN
An Ordinance to adopt and approve a 2021 Downtown Development Plan and Tax Increment Financing Plan for the Downtown Development Authority of Fruitport Charter Township, Muskegon County, Michigan, pursuant to the provisions of Part 2 for Downtown Development Authorities of the Recodified Tax Increment Financing Act, 2018 Public Act 57, as amended (“Act 57”).
THE CHARTER TOWNSHIP OF FRUITPORT, COUNTY OF MUSKEGON, AND STATE OF MICHIGAN ORDAINS:
Section 1. Title. This Ordinance shall be known and may be cited as the “Downtown Development Plan Ordinance.”
Section 2. Amendment of Chapter 39. Chapter 39 of the Fruitport Charter Township Code of Ordinances shall be expanded by the addition of Sections 39-10 and 39-11 to state in their entirety as follows.
Sec. 39-10. Approval and adoption of downtown development plan and tax increment financing plan.
It is determined that the Downtown Development Plan and Tax Increment Financing Plan (collectively referred to as the “Plan”) of the Authority constitutes a public purpose. The Plan is approved and adopted. A copy of the Plan shall be maintained on file in the Township Clerk’s office.
Sec. 39-11. Considerations.
The ordinance adopting this section, the approval of the Plan, and the determination of public purpose, are based on the following considerations.
A. The Plan meets the requirements set forth in Section 217(2) of Act 57.
B. The proposed method of financing the development described in the Plan is feasible and the Authority has the ability to arrange the financing.
C. The development described in the Plan is reasonable and necessary to carry out the purposes of Act 57.
D. The land included within the development area, as described in the Plan, to be acquired, if any, is reasonably necessary to carry out the purposes of the Plan and Act 57 in an efficient and economically satisfactory manner.
E. The Plan is in reasonable accord with the Township’s master land use plan.
F. Public services, such as fire and police protection and utilities, are or will be adequate to serve all of the projects described in the Plan and the development area generally.
G. All changes in zoning, streets, street levels, intersections, and utilities, if any, as described in the Plan are reasonably necessary for the projects described in the Plan and for the Township.
Section 3. Effective Date. This Ordinance was approved and adopted by the Township Board on ________________, 2021, after its introduction and first reading on September 27, 2021, and after its publication after said first reading in the manner provided by Public Act 359 of 1947, as amended. This Ordinance shall take effect on the day after its publication in a newspaper of general circulation in the Township.