Michigan Compiled Laws 120-1961-2 Chapter 2 Business Improvement Zone (125.990...125.990n)

• Section 125.990 Definitions.
  As used in this chapter: (a) "Assessable property" means real property in a zone area other than property classified as residential real property under...
• Section 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...
• Section 125.990b Business Improvement Zone; Establishment Within City Or Village; Assessable Property.
  (1) One or more business improvement zones may be established within a city or village. (2) If the zone plan for the area provides...
• Section 125.990c Initiation By Delivery Of Petition.
  A person may initiate the establishment of a business improvement zone by the delivery of a petition to the clerk of the city or...
• Section 125.990d Repealed. 2013, Act 126, Imd. Eff. Oct. 9, 2013.
  Compiler's Notes: The repealed section pertained to adoption of zone plan at public meeting.
• Section 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...
• Section 125.990f Voting; Eligibility; Conduct; Question; Weight; Adoption Of Business Improvement Zone And Zone Plan; Expenses; Duration; Compliance With State And Federal Laws; Immunity Of City Or Village.
  (1) All property owners as of the date of the delivery of the petition as provided in section 10c are eligible to participate in...
• Section 125.990g Board Of Directors; Management Of Day-to-day Activities; Members; Duties And Responsibilities; Reimbursement.
  (1) The day-to-day activities of the business improvement zone and implementation of the zone plan shall be managed by a board of directors. (2)...
• Section 125.990h Assessments.
  (1) A business improvement zone may be funded in whole or in part by 1 or more assessments on assessable property, as provided in...
• Section 125.990i Audit.
  (1) Expenses incurred in implementing any project or service of a business improvement zone shall be financed in accordance with the zone plan. (2)...
• Section 125.990j Zone Plan Amendment.
  A zone plan may be amended. Amendments shall be effective if approved by a majority of the property owners voting on the amendment at...
• Section 125.990k Expiration Of 10-year Period; Special Meeting To Approve New Zone Plan; Notice.
  (1) Prior to the expiration of any 10-year period, the board shall notify the property owners within the business improvement zone of a special...
• Section 125.990l Dissolution.
  (1) Upon written petition duly signed by 30% of the property owners of assessable property within a zone area and submitted no sooner than...
• Section 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...
• Section 125.990n Merger Agreement.
  (1) Two or more business improvement zones within the same city or village may merge into a single business improvement zone if the board...

Last modified: October 10, 2016