City of Corunna, MI
Shiawassee County
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Table of Contents
Table of Contents
[Amended 8-15-1994 by Ord. No. 94-08]
The terms used in this chapter shall have the same meaning as given them in Act No. 197 of the Public Acts of Michigan of 1975 (MCL 125.1651 et seq., MSA 5.3010(1) et seq.), as amended, or as provided in this section, unless the context clearly indicates to the contrary. As used in this chapter:
ACT NO. 197
Act No. 197 of the Public Acts of Michigan of 1975 (MCL 125.1651 et seq., MSA 5.3010(1) et seq.), as now in effect or hereafter amended.
AUTHORITY
The Downtown Development Authority of the City created by this chapter.
BOARD OR BOARD OF DIRECTORS
The board of directors of the authority.
DOWNTOWN DISTRICT
The downtown district designated in this chapter or as hereafter amended.
[Amended 8-15-1994 by Ord. No. 94-08]
The City Council hereby determines that it is in the best interest of the City to create a public body corporate to halt property value deterioration, increase property tax valuation where possible in the business district of the City, eliminate the causes of that deterioration, and to encourage historic preservation, and to promote economic growth pursuant to Act No. 197.
[Amended 8-15-1994 by Ord. No. 94-08]
There is hereby created pursuant to Act No. 197 a Downtown Development Authority for the City. The authority shall be a public body corporate and shall be known and exercise its powers under title of the Corunna Downtown Development 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 purpose of its incorporation as provided in this chapter and in Act No. 197. The enumeration of a power in this chapter or in Act No. 197 shall not be construed as a limitation upon the general powers of the authority.
[Amended 8-15-1994 by Ord. No. 94-08]
The downtown district in which the Downtown Development Authority shall exercise its powers as provided by Act No. 197 shall consist of the property in the City described on exhibit A to the ordinance from which this chapter is derived and which is on file in the City Clerk's office and made a part of this chapter, subject to such changes as may hereinafter be made pursuant to this chapter and Act No. 197.
[Amended 8-15-1994 by Ord. No. 94-08; 6-7-1999 by Ord. No. 99-04, 1-7-2002 by Ord. No. 02-03]
(1) 
The Downtown Development Authority shall be under the supervision and control of a board consisting of the mayor of the City or his/her designee and ten members. The members shall be appointed by the mayor subject to approval by the Council. Eligibility for membership on the board and terms of office shall be as provided in Act No. 197. All members shall hold office until the member's successor is appointed.
(2) 
Of the authority membership there will be a president, vice-president, treasurer and secretary voted upon by the entire authority.
(3) 
All members of the Downtown Development Authority shall serve as such without compensation.
(4) 
Proposed minutes of the Downtown Development Authority meetings are to be submitted to the City Manager within ten business days following the Downtown Development Authority meeting. Approved minutes are to be submitted to the City Manager within five days of approval.
(5) 
Any member absent two consecutive meetings or 25% of regular meetings in a calendar year, without prior written approval by the City Manager, will be considered for removal from the authority. All absences shall be recorded in the meeting minutes.
[Amended 8-15-1994 by Ord. No. 94-08]
The Downtown Development Authority shall possess all of the powers necessary to carry out the purposes of its incorporation and shall have all powers provided by Act No. 197.
[Amended 8-15-1994 by Ord. No. 94-08]
(a) 
The fiscal year of the Downtown Development 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 be adopted by the City.
(b) 
The board shall annually prepare a budget and shall submit it to the City Council. The board shall not finally adopt a budget for any fiscal year until the budget has been approved by the Council. 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 be audited annually by the same independent auditors auditing the City and copies of the audit report shall be filed with the Council.
[Amended 8-15-1994 by Ord. No. 94-08]
Upon completion of its purposes the Downtown Development Authority may be dissolved by an ordinance duly adopted by the Council. The property and assets of the authority, after dissolution and satisfaction of its obligations, shall revert to the City.