[HISTORY: Adopted by the City Commission of the City of Fennville as indicated in article histories. Amendments noted where applicable.]
[Adopted as Ch. 23, Art. II, Div. 1, of the 1992 Code of Ordinances]
Pursuant to Act 197 of the Michigan Public Acts of 1975, as amended,[1] the City of Fennville does hereby establish a "Fennville Downtown Development Authority."
[1]
Editor's Note: Act 197 of the Michigan Public Acts of 1975 was repealed and replaced by Act 57 of 2018; see now MCL 125.4101 et seq., the Recodified Tax Increment Financing Act.
The Downtown Development Authority shall have and exercise such powers and duties as are provided in Act 197 of the Michigan Public Acts of 1975, as amended.
[Adopted 5-17-1993 by Ord. No. 171; amended 2-17-2003 by Ord. No. 207 (Ch. 23, Art. II, Div. 2, of the 1992 Code of Ordinances); 1-16-2023 by Ord. No. 2023-01]
It is hereby determined that the City of Fennville Downtown Development Authority Amended Tax Increment Financing and Development Plan, as recommended by the Downtown Development Authority by resolution adopted on January 11, 2023, (referred to as the "Amended Plan") constitutes a public purpose. The Amended Plan is hereby approved and adopted. A copy of the Amended Plan shall be maintained on file in the City Clerk's office and shall be cross-indexed to this article.
This article, the approval of the Amended Plan, and the determination of a public purpose are all based on the following considerations:
A. 
There are no findings and recommendations of a Development Area Citizens Council, because none was statutorily required and none was formed.
B. 
The Amended Plan meets the requirements set forth in Section 17(2) of Act 197.[1]
[1]
Editor's Note: See now MCL 125.4217.
C. 
The proposed method of financing the Development described in the Amended Plan is feasible, and the Fennville Downtown Development Authority has the ability to arrange the financing.
D. 
The Development described in the Amended Plan is reasonable and necessary to carry out the purposes of Act 197.
E. 
The land included within the Development Area to be acquired, as described in the Amended Plan, is reasonably necessary to carry out the purposes of the Amended Plan and Act 197 in an efficient and economically satisfactory manner.
F. 
The Amended Plan is in reasonable accord with the City of Fennville Master Plan.
G. 
Public services, such as fire and police protection and utilities, are or will be adequate to serve all the projects described in the Amended Plan and the Development Area generally.
H. 
All changes in zoning, street levels, intersections and utilities, if any, as described in the Amended Plan are reasonably necessary for the projects described in the Amended Plan and for the City of Fennville.