[Adopted 6-14-1999 by Ord. No. 270]
Following a duly noticed public hearing to amend
the downtown development and tax increment financing plan adopted
by the Township of Grosse Ile Downtown Development Authority on the
the 14th day of June 1999, and having given due consideration to the
following standards and criteria as set forth in § 19(1)
of P.A. 197 of 1975, as amended:
A.
The tax increment financing plan meets the requirements
set forth in §§ 14 and 15 of said P.A. 197 of 1975,
as amended.
B.
The development plan meets the requirements set forth
in § 17(2) of said P.A. 197 of 1975, as amended.
C.
The proposed method of financing the development is
feasible and the Authority has the ability to arrange the financing.
D.
The development is reasonable and necessary to carry
out the purposes of said P.A. 197 of 1975, as amended.
E.
The land included within the development area to be
acquired, if any, is reasonably necessary to carry out the purposes
of the plan and of P.A. 197 of 1975, as amended, in an efficient and
economically satisfactory manner.
F.
The development plan is in reasonable accord with
the Master Plan of the Township.
G.
Public services such as fire and police protection
and utilities are or will be adequate to service the project area.
H.
No changes in zoning are necessary for the project
and for the Township. It is hereby found and determined that the plan
constitutes and seeks to accomplish a public purpose.
In accordance with the foregoing considerations,
the downtown development and tax increment financing plans, as amended,
dated June 14, 1999, are hereby approved and adopted for all purposes
of P.A. 197 of 1975, as amended, consistent with said plan. Copies
of the downtown development and tax increment financing plans and
all respective amendments thereto shall be maintained on file in the
Township Clerk's office and cross-indexed to this article.
The Township Board hereby determines that the
plan constitutes a public purpose.
The Township Board hereby determines that it
is in the best interests of the public to proceed with the plan in
order to halt property value deterioration, to increase property tax
valuation, to eliminate the causes of the deterioration in property
values, and to promote growth in the Downtown District.
Any proceedings pending and all rights and liabilities
existing, acquired, or incurred at the time this article takes effect
are saved and may be consummated according to the law in force when
they were commenced.
