Introduced
by
To expand the scope of a 2003 “<a href="http://www.michiganvotes.org/2003-HB-4483">Redevelopment Fast Track Authority</a>” law to allow these authorities to make loans to private developers and engage in a wide array of additional “redevelopment” activities beyond the original mission of assemble and dispose of tax reverted property. This would include creating plazas, pedestrian malls, parking facilities, recreational facilities, waterways, bridges, lakes, ponds, canals, and internet infrastructure, and also to make relocation payments to firms or individuals that sell their property to the redevelopment authority.
Referred to the Committee on Commerce and Tourism
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that does not authorize the wide array of additional “redevelopment” activities proposed in the original version, but does allow the merger of the Wayne County and Detroit authorities.
The substitute passed by voice vote
Amendment offered
by
To clarify that the Detroit mayor and city county, and the Wayne County executive and commissioners must agree to the merger.
The amendment passed by voice vote
Passed in the Senate 34 to 2 (details)
To revise the 2003 “<a href="http://www.michiganvotes.org/2003-HB-4483">Redevelopment Fast Track Authority</a>” law to allow the merger of the Wayne County and Detroit authorities. Other bills in the package would establish that property sold by this particular authority would be granted a 50 percent property tax break for eight years (rather than five years for other authorities).
Referred to the Committee on Commerce
