[Comp. Ords. 1995, § 12.451; Ord. No. 110, 11-5-1984; Ord. No. 140, § 1, 5-23-2005; Ord. No. 174, § 1, 12-5-2011]
A Downtown Development Authority is hereby created, pursuant to Public Act No. 197 of 1975 (MCL 125.1651 et seq.), for the following described district, being in the Village of Baroda, County of Berrien, Michigan, to wit: Attachment 1, incorporated by reference and on file in the office of the Village Clerk, being the enlarged and expanded new Downtown Development Authority District boundary.
[Comp. Ords. 1995, § 12.452; Ord. No. 110, 11-5-1984]
The Downtown Development Authority is hereby created to promote economic growth, increase property values, and halt deterioration within the district described in § 10-19.
[Comp. Ords. 1995, § 12.453; Ord. No. 110, 11-5-1984]
The Downtown Development Authority shall be under the supervision and control of a board, consisting of the President and 11 members appointed by the said President; subject to approval of the Village Council. Not less than a majority of the members shall be persons having an interest in property located in the downtown district. Not less than one of the members shall be a resident of the downtown district, if the district is found to have 100 or more persons residing therein. The present members of the board shall hold office until the members' successor is appointed. Members shall serve without compensation, but they shall be reimbursed for actual and necessary expenses. The chair of the board shall be elected by the board. The board shall have all the powers and duties provided in Public Act No. 197 of 1975 (MCL 125.1651 et seq.).
[Ord. No. 161, 8-4-2008]
Due to enactment of an amendment to Public Act No. 210 of 2005 (207.841 et seq.) entitled the Michigan Commercial Rehabilitation Act which creates a commercial tax abatement program for administration by local units of government, the board of directors of the Downtown Development Authority, after study of the effectiveness of the use of commercial tax abatements, have recommended the Village Council discontinue the use of tax increment financing favoring a program of tax abatements for the purposes of revitalizing the business district.