[HISTORY: Adopted by the Township Board of the Charter Township
of Huron 8-22-2007 by Ord. No.
07-03. Amendments noted where applicable.]
The Township Board hereby determines that it is necessary for
the best interests of the public to create a public body corporate
which shall operate to halt property value deterioration, eliminate
the causes of that deterioration, increase property tax valuation
where possible in the business district of the Township, and promote
economic growth, pursuant amended to Act 197 of the Public Acts of
Michigan, 1975, as amended.[1]
[1]
Editor's Note: See MCLA § 125.1651.
The terms used in this chapter shall have the same meaning as
given to them in Act 197 or as hereinafter provided. As used in this
chapter:
Act No. 197 of the Public Acts of Michigan of 1975, as amended.
The Downtown Development Authority of the Charter Township
of Huron created by this chapter.
The Board of Directors of the Authority, the governing body
of the Authority.
The Township Board of the Township.
The Supervisor of the Township.
The downtown district designated by this chapter, as now
existing or hereafter amended, and within which the Authority shall
exercise its powers.
The Charter Township of Huron, Michigan.
There is hereby created, pursuant to Act 197, a Downtown Development
Authority for the Township. The Authority shall be a public body corporate
and shall be known and exercise its powers under the title "Downtown
Development Authority of the Charter Township of Huron." The Authority
may adopt a seal, may sue and be sued in any court of this state and
shall possess all of the powers necessary to carry out the purposes
of its incorporation as provided by this chapter and Act 197. The
enumeration of powers in this chapter or in Act 197 shall not be construed
as a limitation upon the general powers of the Authority.
Upon completion of its purposes, the Authority may be dissolved
by the Township Board. The property and assets of the Authority, after
dissolution and satisfaction of its obligations, shall revert to the
Township.
The downtown district shall consist of the territory in the
Township described in Exhibit A,[1] attached hereto and made a part hereof, subject to such
changes as may hereinafter be made pursuant to this chapter and Act
197.
[1]
Editor's Note: Exhibit A is on file in the Township offices.
The Authority shall be under the supervision and control of
the Board. The Board shall consist of nine members, including the
Chief Executive Officer of the Township, who shall be appointed and
serve in accordance with Act 197. Members of the Board shall serve
without compensation, but shall be reimbursed for actual and necessary
expenses. The Chairperson of the Board shall be elected by the Board.
The Board shall adopt bylaws governing its procedures, subject to
the approval of the Township Board.
Except as specifically otherwise provided in this chapter, the
Authority shall have all powers provided by law subject to the limitations
imposed by and herein.
A.
The fiscal year of the Authority shall begin on July 1 of each year
and end on June 30 of the following year, or such other fiscal year
as may hereafter be adopted by the Township Board.
B.
The Board shall prepare annually a budget and shall submit it to
the Township Board for approval. The Board shall not finally adopt
a budget for any fiscal year until the budget has been approved by
the Township Board. The Board may, however, temporarily adopt a budget
in connection with the operation of any improvements which have been
financed by revenue bonds where required to do so by the ordinance
authorizing the revenue bonds.
C.
The Authority shall submit financial reports to the Township Board
at the same time and on the same basis as departments of the Township
are required to submit reports. The Authority shall be audited annually
by the same independent auditors auditing the Township, and copies
of the audit report shall be filed with the Township Board.
