[Ord. No. 1223, 9-16-1998; Ord. No. 1518, 9-3-2008]
In recognition of the fact that it is necessary for the best interests of the City of Holland to promote the economic health and development of a principal shopping district in order to promote, encourage, stimulate, preserve, and maintain the economic growth of the City downtown business district, the City Council of the City of Holland establishes a principal shopping district pursuant to Act 120 of the Public Acts of 1961 (MCLA § 125.981 et seq.).
[Ord. No. 1223, 9-16-1998; Ord. No. 1349, 10-2-2002; Ord. No. 1355, 11-20-2002; Ord. No. 1518, 9-3-2008]
The City shall have the power and authority permitted and described by Act 120 of the Public Acts of 1961, as amended, including but not limited to, conducting market research and public relations campaigns, developing, coordinating, and conducting retail and institutional promotions, and sponsoring special events and related activities. The City shall further have the right and authority to acquire by purchase, gift, or condemnation, own, maintain, or operate real or personal property necessary to effectuate the intent and purposes of this ordinance. The City shall exercise its power and authority within the following-described area which shall be designated the "downtown principal shopping district."
All property within the corporate limits of the City of Holland located within the boundaries of the Downtown Development Authority, as defined in ordinance Section 2-98, as those boundaries may from time to time be amended.
For assessment purposes, the area described as the downtown principal shopping district may be divided into subareas with differing rates as designated with the annually adopted principal shopping district assessment policy.
[Ord. No. 1223, 9-16-1998; Ord. No. 1227, 11-4-1998; Ord. No. 1518, 9-3-2008]
The downtown principal shopping district shall be under the supervision and control of a board consisting of nine members. The Board shall be appointed by the City Manager with the concurrence of City Council. One member of the Board shall be from an adjacent residential area; one member shall be a representative of City government; and a majority of the members shall be nominees of individual business located within the principal shopping district. Of the members first appointed, an equal number of the members, as near as practicable, shall be appointed for one year, two years, three years, and four years. A member shall hold office until the member's successor is appointed. Thereafter, each member shall serve a term of four years. An appointment to fill a vacancy shall be made by the City Manager upon concurrence of the City Council for the unexpired term only. Members of the Board shall serve without compensation. The chairperson of the Board shall be elected by the Board. The operation and activities of the Board shall comply with the provisions of Act 120 of the Public Acts of 1961, as amended.
[Ord. No. 1223, 9-16-1998; Ord. No. 1518, 9-3-2008]
A principal shopping district project, as authorized and defined by Act 120 of the Public Acts of 1961, as amended, may be financed in whole or in part by grants and gifts to the City; City funds; the issuance of general obligation bonds of the City; the issuance of revenue bonds of the City; the levying of special assessments against land or interests in land, or both; and such other financing powers and authorities as shall exist pursuant to Act 120 of the Public Acts of 1961, as existing or amended. The use of the term "public improvement" shall not prevent the levying of a special assessment for the cost of a downtown principal shopping district project representing special benefits.