Bill Text: MI SB0182 | 2015-2016 | 98th Legislature | Introduced

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Bill Title: Economic development; corridor improvement; corridor improvement authority; expand to include state fairgrounds. Amends sec. 3 of 2005 PA 280 (MCL 125.2873).

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2015-03-10 - Referred To Committee On Economic Development [SB0182 Detail]

Download: Michigan-2015-SB0182-Introduced.html

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SENATE BILL No. 182

 

 

March 10, 2015, Introduced by Senator SMITH and referred to the Committee on Economic Development.

 

 

 

     A bill to amend 2005 PA 280, entitled

 

"Corridor improvement authority act,"

 

by amending section 3 (MCL 125.2873), as amended by 2013 PA 68.

 

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, trail,

 

lighting, traffic flow modification, park, parking facility,

 

recreational facility, right-of-way, structure, waterway, bridge,

 

lake, pond, canal, utility line or pipe, transit-oriented

 

development, transit-oriented facility, 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 1 of the following:

 

     (i) All of the following:

 

     (A) Is located within a city with a population of 700,000 or

 

more.

 

     (B) Contains at least 30 contiguous acres.

 

     (C) Was owned by this state on December 31, 2003 and was

 

conveyed to a private owner before June 30, 2004.

 

     (D) Is zoned to allow for mixed use that includes commercial

 

use and that may include residential use.

 

     (E) Otherwise complies with the requirements of section 5(a),

 

(d), (e), and (g).

 

     (F) 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.

 

     (G) Is located in a distressed area.

 

     (ii) Contains transit-oriented development or a transit-

 

oriented facility.

 

     (iii) Contains the site of the Michigan state fair for more than

 

100 years and otherwise complies with section 5(a), (b), and (g).

 

     (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.

 

     (vii) Ad valorem property taxes levied under 1 or more of the

 

following or specific local taxes attributable to those ad valorem

 

property taxes:

 

     (A) The zoological authorities act, 2008 PA 49, MCL 123.1161

 

to 123.1183.

 

     (B) The art institute authorities act, 2010 PA 296, MCL

 

123.1201 to 123.1229.

 

     (h) "Transit-oriented development" means infrastructional

 

improvements that are located within 1/2 mile of a transit station

 

or transit-oriented facility that promotes transit ridership or

 

passenger rail use as determined by the board and approved by the

 

municipality in which it is located.

 

     (i) "Transit-oriented facility" means a facility that houses a

 

transit station in a manner that promotes transit ridership or

 

passenger rail use.

 

     (j) "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.