[HISTORY: Adopted by the City Commission of the City of Lapeer as indicated in article histories. Amendments noted where applicable.]
[Adopted 5-19-1982 (Ch. 35 of the 1978 General Ordinances)]
This is an article to encourage economic development and activity and to promote growth within an area in the City of Lapeer.
The Tax Increment Financing Plan and Development Plan adopted by the Tax Increment Financing Authority of the City of Lapeer on April 22, 1982, are hereby established and approved. The Tax Increment Financing Plan and Development Plan are authorized by Act No. 450 of the Public Acts of 1980[1] and shall be implemented in accordance with its provisions.
[1]
Editor's Note: Said act was repealed by PA 2018, No. 57, effective 1-1-2019. See now the Recodified Tax Increment Financing Act, MCLA § 125.4201 et seq. (PA 2018, No. 57).
This article shall become effective May 19, 1982.
[Adopted 5-18-1983 (Ch. 37 of the 1978 General Ordinances)]
This article to encourage economic development and activity and to promote growth within an area in the City of Lapeer.
The Tax Increment Financing Plan Number Two and Development Plan Number Two adopted by the Tax Increment Finance Authority of the City of Lapeer on March 28, 1983, and modified by the Lapeer City Commission on May 5, 1983, are hereby established and approved with the modifications of May 5, 1983. The Tax Increment Financing Plan Number Two and Development Plan Number Two are authorized by Act No. 450 of the Public Acts of 1980[1] and shall be implemented in accordance with its provisions.
[1]
Editor's Note: Said act was repealed by PA 2018, No. 57, effective 1-1-2019. See now the Recodified Tax Increment Financing Act, MCLA § 125.4201 et seq. (PA 2018, No. 57).
This article shall become effective May 18, 1983.