[Adopted 2-3-2020 by Ord. No. 20-001]
As used in this article the following terms shall have the meanings
indicated:
Act 57 of the Public Acts of 2018, as amended.
The Telegraph Road Corridor Improvement Authority established
by this article.
The Board of the Authority, the governing body of the Authority.
The Mayor of the City of Monroe, Michigan.
The City of Monroe, Michigan.
The City Council of Monroe.
The Telegraph Road Corridor Development Area referred to
in this article as now existing or hereafter amended.
This article shall be known, identified and cited as the "Telegraph
Road Corridor Improvement Authority" and herein be referred to as
the "Authority."
There is hereby established, pursuant to Act 57, a Corridor
Improvement Authority in and for the City. The Authority shall be
a public body corporate and shall be known and exercise its powers
under the title of "Telegraph Road Corridor Improvement Authority."
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 in this article
and Act 57. The enumeration of a power in this article or in Act 57
shall not be construed as a limitation upon the general powers of
the Authority.
A.
The Authority shall be under supervision and control of a Board consisting
of the chief executive officer of the City and five members as provided
in Act 57. The members shall be appointed by the chief executive officer
subject to approval by the Council and shall hold office for the terms
provided in Act 57. Members may be removed for cause in accordance
with the provisions of Act 57. Every member shall hold office until
the member's successor is appointed.
B.
The Board shall adopt and may amend bylaws and rules of procedure
consonant with the provisions of Act 57 providing for the holding
of its meetings, election and duties of officers and transaction of
business.
Except as specifically otherwise provided in this article, the
Authority shall have all powers provided by law subject to the limitations
established by law and herein contained.
The Authority shall have assigned to it City staff as designated
by the City Manager who shall be secretary to the Authority and who
shall have the responsibility to: record the meetings on audiotape;
keep, prepare, and distribute meeting minutes; prepare and distribute
materials to be considered in the business of the Authority; and act
as a resource to the Board.
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 City.
B.
The Authority shall annually prepare a budget and shall submit it
to the Council on the same date that the proposed budget for the City
is required by the City Charter to be submitted to the Council. The
Commission shall not finally adopt a budget for any fiscal year until
the budget has been approved by the City Council. The Authority 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 revenue bonds.
C.
The Authority shall submit financial reports to the Council at the
same time and on the same basis as departments of the City are required
to submit reports. The Authority shall be audited annually by the
same independent auditors auditing the City, and copies of the audit
report shall be filed with the Council.
If any section, subsection, sentence, clause or phrase of this
article is declared unconstitutional or unenforceable by a court of
competent jurisdiction, such decision or holding shall not affect
the validity of the remaining portions of this article.
This article shall be in full force and effect immediately after
final passage and publication.
