Michigan Compiled Laws 120-1961-1 Chapter 1 Principal Shopping District (125.981...125.987)

• Section 125.981 Definitions; Principal Shopping District; Business 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...
• Section 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...
• Section 125.983 District Project As Public Improvement.
  A district project as authorized under this chapter is a public improvement. The use in this chapter of the term “public improvement” does not...
• Section 125.984 Development Or Redevelopment Of District; Single Improvement.
  The development or redevelopment of a district, including the various phases of the development or redevelopment, is 1 project and, in the discretion of...
• Section 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.
  (1) If a local governmental unit elects to levy special assessments to defray all or part of the cost of the district project, then...
• Section 125.986 Special Assessments; Off-street Parking Lots Or Structures.
  If off-street parking lots or structures are essential to the principal shopping district project, if 1 or more off-street parking lots or structures are...
• Section 125.987 Additional Powers.
  The powers granted by this chapter are in addition to and not in derogation of any other powers granted by law or charter. History:...

Last modified: October 10, 2016