Sorry dude:
The governing body of a city is authorized under P.A. 450 of 1980 to create a tax increment
finance authority [[TIFA), specify the boundaries
of the authority district, and designate a board
of directors for the authority. The municipality
may establish only one authority; however, the
boundaries of the authority may be changed at
any time by the governing body after a public
hearing
http://crcmich.org/PUBLICAT/1980s/1986/cc0958.pdf
125.1802 Authority; establishment; public body corporate; powers generally.
Sec. 2. [[1) A municipality may establish not more than 1 authority. An authority shall exercise its powers in all development areas designated pursuant to this act.
[[2) The authority shall be a public body corporate which may sue and be sued in any court of this state. The authority possesses all the powers necessary to carry out the purpose of its incorporation. The
enumeration of a power in this act shall not be construed as a limitation upon the general powers of the authority. The powers granted in this act to an authority may be exercised notwithstanding that bonds are not
issued by the authority.
History: 1980, Act 450, Imd. Eff. Jan. 15, 1981.
Popular name: TIFA
http://www.legislature.mi.gov/%283sg...50-of-1980.pdf
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