May 12, 2010, Introduced by Senators JACOBS, CHERRY, ANDERSON, ALLEN and HUNTER and referred to the Committee on Senior Citizens and Veterans Affairs.
A bill to amend 2005 PA 280, entitled
"Corridor improvement authority act,"
by amending section 3 (MCL 125.2873), as amended by 2007 PA 44.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 3. As used in this act:
(a) "Operations" means office maintenance, including salaries
and expenses of employees, office supplies, consultation fees,
design costs, and other expenses incurred in the daily management
of the authority and planning of its activities.
(b) "Parcel" means an identifiable unit of land that is
treated as separate for valuation or zoning purposes.
(c) "Public facility" means a street, plaza, pedestrian mall,
and any improvements to a street, plaza, or pedestrian mall
including street furniture and beautification, sidewalk, heated
sidewalk, trail, lighting, traffic flow modification, park, parking
facility, recreational facility, right-of-way, structure, waterway,
bridge, lake, pond, canal, utility line or pipe, or building,
including access routes, that are either designed and dedicated to
use by the public generally or used by a public agency, or that are
located in a qualified development area and are for the benefit of
or for the protection of the health, welfare, or safety of the
public generally, whether or not used by 1 or more business
entities, provided that any road, street, or bridge shall be
continuously open to public access and that other property shall be
located in public easements or rights-of-way and designed to
accommodate foreseeable development of public facilities in
adjoining areas. Public facility includes an improvement to a
facility used by the public or a public facility as those terms are
defined in section 1 of 1966 PA 1, MCL 125.1351, if the improvement
complies with the barrier-free design requirements of the state
construction code promulgated under the Stille-DeRossett-Hale
single state construction code act, 1972 PA 230, MCL 125.1501 to
125.1531.
(d) "Qualified development area" means a development area that
meets all of the following:
(i) Is located within a city with a population of 700,000 or
more.
(ii) Contains at least 30 contiguous acres.
(iii) Was owned by this state on December 31, 2003 and was
conveyed to a private owner before June 30, 2004.
(iv) Is zoned to allow for mixed use that includes commercial
use and that may include residential use.
(v) Otherwise complies with the requirements of section 5(a),
(d), (e), and (g).
(vi) Construction within the qualified development area begins
on or before the date 2 years after the effective date of the
amendatory act that added this subdivision.
(vii) Is located in a distressed area.
(e) "Specific local tax" means a tax levied under 1974 PA 198,
MCL 207.551 to 207.572, the commercial redevelopment act, 1978 PA
255, MCL 207.651 to 207.668, the technology park development act,
1984 PA 385, MCL 207.701 to 207.718, or 1953 PA 189, MCL 211.181 to
211.182. The initial assessed value or current assessed value of
property subject to a specific local tax shall be the quotient of
the specific local tax paid divided by the ad valorem millage rate.
The state tax commission shall prescribe the method for calculating
the initial assessed value and current assessed value of property
for which a specific local tax was paid in lieu of a property tax.
(f) "State fiscal year" means the annual period commencing
October 1 of each year.
(g) "Tax increment revenues" means the amount of ad valorem
property taxes and specific local taxes attributable to the
application of the levy of all taxing jurisdictions upon the
captured assessed value of real and personal property in the
development area. Except as otherwise provided in section 29, tax
increment revenues do not include any of the following:
(i) Taxes under the state education tax act, 1993 PA 331, MCL
211.901 to 211.906.
(ii) Taxes levied by local or intermediate school districts.
(iii) Ad valorem property taxes attributable either to a portion
of the captured assessed value shared with taxing jurisdictions
within the jurisdictional area of the authority or to a portion of
value of property that may be excluded from captured assessed value
or specific local taxes attributable to the ad valorem property
taxes.
(iv) Ad valorem property taxes excluded by the tax increment
financing plan of the authority from the determination of the
amount of tax increment revenues to be transmitted to the authority
or specific local taxes attributable to the ad valorem property
taxes.
(v) Ad valorem property taxes exempted from capture under
section 18(5) or specific local taxes attributable to the ad
valorem property taxes.
(vi) Ad valorem property taxes specifically levied for the
payment of principal and interest of obligations approved by the
electors or obligations pledging the unlimited taxing power of the
local governmental unit or specific taxes attributable to those ad
valorem property taxes.
(h) "Distressed area" means a local governmental unit that
meets all of the following:
(i) Has a population of 700,000 or more.
(ii) Shows a negative population change from 1970 to the date
of the most recent federal decennial census.
(iii) Shows an overall increase in the state equalized value of
real and personal property of less than the statewide average
increase since 1972.
(iv) Has a poverty rate, as defined by the most recent federal
decennial census, greater than the statewide average.
(v) Has had an unemployment rate higher than the statewide
average.