| Local Development Finance Authority
The Local Development Finance Authority provides infrastructure and development of industrial districts. The Local Development Finance Authority completed reconstruction of Aylworth Avenue and is preparing for expansion of the I-196 Business Park, on Phoenix Street behind the Wal-Mart complex. Board qualification: The authority shall be under the supervision and control of a board of 7 members appointed by the chief executive officer of the city, village, or urban township creating the authority subject to the approval of the governing body creating the authority. The board shall include 1 member appointed by the county board of commissioners of the county in which the authority is located. The board shall include 1 member representing a community or junior college in whose district the authority is located appointed by the chief executive officer of that community or junior college. The board shall also include 2 members appointed by the chief executive officer of each local governmental unit, other than the city, village, or urban township creating the authority, which levied 20% or more of the ad valorem property taxes levied against all property located in an authority district in the year before the year in which the authority district is established. However, those additional members shall only vote on matters relating to authority districts located within their respective local unit of government. Ron Hartgerink, Chair LDFA Development Plan and Tax Increment Financing Plan, 2000 (must have Adobe Acrobat Reader) The Local Development Financing Act - Act 281 of 1986 The LDFA meets the second Monday of the month at 4:00 p.m. at City Hall. |
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