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DDA Page VILLAGE OF LAKEVIEW MONTCALM COUNTY,
MICHIGAN
ORDINANCE No 01-01
AN ORDINANCE TO APPROVE THE YEAR 2000 AMENDMENT TO THE DOWNTOWN
DEVELOPMENT AND TAX INCREMENT FINANCING PLAN PROPOSED BY THE
DOWNTOWN DEVELOPMENT AUTHORITY OF THE VILLAGE OF LAKEVIEW AND TO
PROVIDE FOR THE COLLECTION OF TAX INCREMENT REVENUES.
THE VILLAGE OF LAKEVIEW ORDAINS:
Section 1. Title. This Ordinance shall be known and may be cited as
the "Ordinance providing for the Year 2000 Amendment to the Downtown
Development and Tax Increment Financing Plan."
Section 2. Definitions. The terms used herein shall have the same
meaning given them in Act 197 as hereinafter in this section
provided, unless the context clearly indicates to the contrary. As
used in this Ordinance:
(a) "Act 197" shall mean Act No. 197 of the Public Acts of 1975, as
amended, as now in effect or hereinafter amended, being known as the
Michigan Downtown Development Authority Act.
(b) "Authority" shall mean the Downtown Development Authority of the
Village of Lakeview.
(c) "Authority Board" shall mean the Board of the Authority, its
governing body.
(d) "Village Council" shall mean the Village Council of the Village
of Lakeview, Montcalm County, Michigan, a municipal corporation of
the state of Michigan.
(e) "Development Area" shall mean the development area designated in
the Development Plan as amended by the Year 2000 Amendment.
(f) "Development Plan" shall mean the Development Plan portion of
the Plan.
(g) "Plan" shall mean the Downtown Development Authority of the
Village of Lakeview Downtown Development and Tax Increment Financing
Plan, originally approved by Ordinance 91.2, as amended by the Year
2000 Amendment.
(h) "Tax Increment Financing Plan" shall mean the Tax Increment
Financing plan portion of the Plan for the collection of tax
increments.
(i) "Year 2000 Amendment" shall mean the Year 2000 Amendment to the
Downtown Development Authority of the Village of Lakeview Downtown
Development and Tax Increment Financing Plan submitted by the
Authority to the Village Council pursuant to Act 197 and approved by
this Ordinance as it may be hereafter amended.
Section 3. Public Purpose. The Village Council finds and confirms
the continued necessity to halt property value deterioration, to
eliminate the causes of such deterioration and to promote economic
growth, and hereby determines that the Year 2000 Amendment adopted
by the Authority Board on December 26, 2000 and presented to the
Village Council constitutes a public purpose.
Section 4. Considerations. In accordance with Section 19 of Act 197,
the Village Council has considered the factors enumerated in that
section and herein stated, making the following determinations:
(a) There being less than 100 residents in the Development Area, a
development area citizens council was not formed.
(b) The Development Plan meets the requirements set forth in Section
17(2) of Act 197.
(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 Act 197.
(e) The land included within the Development Area which may be
acquired is reasonably necessary to carry out the purposes of the
Development Plan and of Act 197 in an efficient and economically
satisfactory manner.
(f) The Development Plan is in reasonable accord with the Village's
master plan.
(g) Public services, such as fire and police protection and
utilities, are or will be adequate to service the project area.
(h) Changes in zoning, streets, street levels, intersections and
utilities are reasonably necessary for the project and for the
municipality.
Section 5. Meetings. Representatives of all taxing jurisdictions
within which all or a portion of the Development Area lies have had
reasonable opportunity to present their opinions and comments
regarding the Year 2000 Amendment to the Village Council.
Section 6. Public Hearing. The Village Council has held a public
hearing on the Year 2000 Amendment with notice properly given in
accordance with Section 18 of Act 197, and the Village Council has
provided an opportunity for all interested persons to be heard
regarding such Amendment.
Section 7. Approval. The Year 2000 Amendment is hereby approved in
the form attached hereto as Exhibit A.
Section 8. Development Area. The Development Area as set forth and
described in the Year 2000 Amendment is hereby approved and
confirmed.
Section 9. Transmittal of Revenues. The Village Treasurer shall
transmit to the Authority that portion of the tax levy of all taxing
bodies paid each year on real and personal property in the
Development Area on the captured assessed value as set forth in the
Tax Increment Financing Plan.
Section 10. Effective Date. This Ordinance shall be effective 20
days after its adoption or upon its publication, whichever occurs
later.
ection 11. Severabilitv and Repeal. If any portion of this Ordinance
shall be held to be unlawful, the remaining portions shall remain in
full force and effect. All ordinances and parts of Ordinances in
conflict herewith are hereby repealed.
THIS ORDINANCE WAS INTRODUCED AND ADOPTED ON JANUARY 8, 2001.
Lee Burlison, President
Wally Delamater, Village Clerk
I hereby certify that the foregoing is a true and complete copy of
Ordinance
No. 01-01 of the Village of Lakeview, Montcalm County, Michigan,
duly adopted at a meeting of the Village Council on January 8, 2001.
Wally Delamater
Lakeview Village Clerk
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