Definitions; principal shopping district; business improvement district; creation, appointment, and composition of board.
(1) As used in this chapter: (a) "Assessable property" means real property in a district area other than all of the following: (i) Property classified as residential real property under section 34c of the general property tax act, 1893 PA 206, MCL 211.34c, unless the local governmental unit expressly designates propert…