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Michigan Compiled Laws — PRINCIPAL SHOPPING DISTRICTS AND BUSINESS IMPROVEMENT DISTRICTS (Act 120 of 1961)

Michigan · statute · 120 of 1961, Mich. Comp. Laws · 21 active provisions

21 active provisions.

Mich. Comp. Laws § 125.981

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…

MichiganPRINCIPAL SHOPPING DISTRICTS AND BUSINESS IMPROVEMENT DISTRICTSeffective
Mich. Comp. Laws § 125.982

Principal shopping district project or business improvement project; methods or criteria for financing costs.

(1) The cost of the whole or any part of a principal shopping district project or business improvement district project as authorized in this chapter may be financed by 1 or more of the following methods: (a) Grants and gifts to the local governmental unit or district. (b) Local governmental unit funds. (c) The issuanc…

MichiganPRINCIPAL SHOPPING DISTRICTS AND BUSINESS IMPROVEMENT DISTRICTSeffective
Mich. Comp. Laws § 125.985

Special assessments; levy; installment payments; maximum annual amounts; adjustment; special assessment bonds; full faith and credit; maturity; statutory or charter provisions; review; marketing and development plan; homestead deferment.

(1) If a local governmental unit elects to levy special assessments to defray all or part of the cost of the district project, then the special assessments shall be levied pursuant to applicable statutory or charter provisions or, if there are no applicable statutory or charter provisions, pursuant to statutory or char…

MichiganPRINCIPAL SHOPPING DISTRICTS AND BUSINESS IMPROVEMENT DISTRICTSeffective
Mich. Comp. Laws § 125.990a

Business improvement zone as public body corporate; powers; authority.

(1) A business improvement zone is a public body corporate and may do 1 or more of the following for the benefit of property owners located in the business improvement zone: (a) Acquire, through purchase, lease, or gift, construct, develop, improve, maintain, operate, or reconstruct park areas, planting areas, and rela…

MichiganPRINCIPAL SHOPPING DISTRICTS AND BUSINESS IMPROVEMENT DISTRICTSeffective
Mich. Comp. Laws § 125.990b

Business improvement zone; establishment within city or village; basis for allocation of assessments.

(1) One or more business improvement zones may be established within a city or village. (2) A zone area must be contiguous, with the exception of public streets, alleys, parks, and other public rights-of-way. (3) A business improvement zone may be established in a city or village even if the city or village has establi…

MichiganPRINCIPAL SHOPPING DISTRICTS AND BUSINESS IMPROVEMENT DISTRICTSeffective
Mich. Comp. Laws § 125.990e

Public hearing of governing body; notice; approval or rejection; amendment; resubmission; zone plan; assessment; election; publication of notice; assisting in conduct of election.

(1) If a petition is delivered to the clerk of the city or village in accordance with section 10c, the governing body of the city or village shall within 28 days schedule a public hearing of the governing body to review the zone plan and any proposed assessment and to receive public comment. The clerk shall notify all…

MichiganPRINCIPAL SHOPPING DISTRICTS AND BUSINESS IMPROVEMENT DISTRICTSeffective
Mich. Comp. Laws § 125.990f

Voting; eligibility; conduct; question; adoption of business improvement zone and zone plan; expenses; duration; compliance with state and federal laws; immunity of city or village; proportional voting; allocation requirements.

(1) All property owners as of the date of the delivery of the petition as provided in section 10c are eligible to participate in the election. The election must be conducted by mail. The question to be voted on by the property owners is the adoption of the zone plan and the establishment of the business improvement zon…

MichiganPRINCIPAL SHOPPING DISTRICTS AND BUSINESS IMPROVEMENT DISTRICTSeffective
Mich. Comp. Laws § 125.990g

Management of day-to-day activities; members; duties and responsibilities; reimbursement.

(1) The board shall manage the activities of the business improvement zone and implementation of the zone plan. (2) The board must consist of an odd number of directors and must not be smaller than 5 and not larger than 15 in number. The board may include 1 director nominated by the chief executive of the city or villa…

MichiganPRINCIPAL SHOPPING DISTRICTS AND BUSINESS IMPROVEMENT DISTRICTSeffective
Mich. Comp. Laws § 125.990k

Expiration of qualifying period; special meeting to approve new zone plan; notice.

(1) Before the expiration of any qualifying period, the board shall notify the property owners within the business improvement zone of a special meeting by first-class mail not less than 14 days before the scheduled date of the meeting to approve a new zone plan for the next qualifying period. Notice under this section…

MichiganPRINCIPAL SHOPPING DISTRICTS AND BUSINESS IMPROVEMENT DISTRICTSeffective
Mich. Comp. Laws § 125.990m

Public meeting; compliance with open meetings act; public records; meeting location.

(1) The board shall conduct business at a public meeting held in compliance with the open meetings act, 1976 PA 267, MCL 15.261 to 15.275. Public notice of the time, date, and place of the meeting shall be given in the manner required by the open meetings act, 1976 PA 267, MCL 15.261 to 15.275. (2) A meeting of propert…

MichiganPRINCIPAL SHOPPING DISTRICTS AND BUSINESS IMPROVEMENT DISTRICTSeffective