HomeMy WebLinkAboutMichigan Avenue Corridor Improvment Authority Development and Tax Increment Financing Plan 2019 S l �G� Michigan Avenue
1111 Corridor Improvement
j �� Authority� H � �
Andy Schor, Mayor
DEVELOPMENT AND TAX INCREMENT FINANCING PLAN
Approved and Recommended by the Michigan Avenue Corridor Improvement
Authority August 28, 2019
Lansing
Imc Economic
Development LEAP
Corporation
sLrowef tovether
Development and Tax Increment Financing Plan
EAST MICHIGAN AVENUE
LANSING, MICHIGAN
CORRIDOR IMPROVEMENT AUTHORITY DEVELOPMENT AND TAX
INCREMENT FINANCING PLAN
Michigan Avenue Corridor Improvement Authority Board Members
Jonathan Lum, Chair
Joan Nelson, Vice Chair
Yvette Collins, Recording Secretary
Elaine Barr, Treasurer
Joseph Ruth, Board Member
Scott Gillespie, Board Member
Andrea McSwain, Mayoral Designee
Board Facilitators— Lansing Economic Area Partnership (LEAP)
Karl Dorshimer, Vice President of Economic Development
Anum Mughal, Economic-Corridor Development Specialist
Sub Committee Members
Jonathan Lum
Joan Nelson
Elaine Barr
Plan prepared with assistance from
LEAPWWW.purelansing.comOffice: (517) 702-3387 Fax: (517) 702-3390
stronger together
Michigan Avenue Corridor Improvement Authority 1
Development and Tax Increment Financing Plan
Executive Summary
In 2009 the Lansing City Council approved the establishment of the Michigan Avenue Corridor
Improvement Authority (MACIA) with the goals to correct and prevent deterioration in the
business districts, redevelop the city' commercial corridors and promote economic growth.
This Authority will allow for the reinvestment of property tax growth back into the corridor,
improving public facilities such as bus shelters, streetscape, pedestrian infrastructure, develop
plans, and other activities to accomplish these goals, as enumerated per section 611 of PA 57
2018.
In the effort of revitalizing the Michigan Avenue Corridor, there have been several studies
completed soliciting input from residents, property owners, stakeholders, municipal staff and
public officials. Based on these past efforts, MACIA board created a plan of action to improve the
built and social environment of the corridor for all current and future residents and businesses.
In development of this plan, the Authority identified several key principles that were used in
creation of the plan and are supported by the City's Master Plan to transform the visually
unappealing character of the corridor, to encourage pedestrians and market the quality of the
adjacent neighborhoods as attractive, livable and sustainable community gateways. These
principles are:
• Traditional Neighborhood Design — Encouraging active lifestyles (walking or biking)
• Transit-Oriented Design —Compact, walkable, pedestrian-oriented, mixed-use corridor.
• Complete Streets — Safe transit for all users of streets (pedestrians, bicyclists, public
transit users, and automobile drivers)
This Development and Tax Increment Financing Plan arranges projects into three categories —
public infrastructure, correct and prevent deterioration, and promote neighborhood aligned
economic growth.
In the first year, the Authority plans to make strides in each of these categories — Improvement
of streetscape (bike racks, receptacles, and benches)to facilitate the use of public transit stations
such as bus stops, continue to create an inventory of existing businesses, pursue grant funding
for future development projects and continue to develop a communication strategy.
The approval of the MACIA Development and TIF plan will allow for the Authority to begin its first
steps in executing upon the vision set forth by the corridor's residents, businesses, and other
stakeholders.
Michigan Avenue Corridor Improvement Authority 2
Development and Tax Increment Financing Plan
TABLE OF CONTENTS
SECTION I: INTRODUCTION 3
General Overview
Powers of the Authority
History of the Michigan Avenue Corridor
Background and Plan Need
Plan Development Process
SECTION II: DEVELOPMENT PLAN 8
Benefits of Corridor Improvement District & Authority
Legal Basis of the Plan
Development Plan Requirements
Development and Tax Increment Financing Plan Schedule and Budget
Intent to Update and Extend Duration or Terminate Plan
Reimbursement of Excess Tax Capture
Project Descriptions
Other Sources of Financing
SECTION III: TAX INCREMENT FINANCING PLAN 21
Description of Current Financial Position
Duration of the CIA and Tax Increment Financing District
Tax Increment Financing Plan
APPENDICES
A. Full Ordinance: Intent to Establish the MACIA
B. Affidavit of Notice of Public Hearing on Creation of the MACIA
C. Resolution Establishing the MACIA and Designation of the Development Area
D. Powers of Authority
E. Appointed Members to the MACIA Board
F. MACIA By-laws
G. List of Affected Properties by Parcel Identification Number
H. Corridor Improvement District Map: Parcels Included within Michigan Avenue Corridor
Improvement Authority District
I. Projections and Taxing Jurisdiction Impact Tables
o Estimated dollar amounts of captured assessed value and tax increment revenues
(to be realized from projected increases in the assessed value during the next 15
years, as well as current millage levied by each jurisdiction,the anticipated growth
in assessed value and the resulting tax increment revenues to be generated during
the life of the plan)
Michigan Avenue Corridor Improvement Authority 3
Development and Tax Increment Financing Plan
Section I: INTRODUCTION
General Overview
As per the State of Michigan's Corridor Improvement Authority Act, Act 57 of 2018 (formerly
known as Act 280 of the Michigan Public Acts of 2005), allowing cities, villages, and townships to
create an authority to:
"correct and prevent deterioration in business districts; to encourage historic
preservation; to authorize the acquisition and disposal of interests in real and
personal property; to authorize the creation and implementation of development
plans and development areas in the districts; to promote the economic growth of
the districts; to create a board; to prescribe the powers and duties of the board;
to authorize the levy and collection of taxes; to authorize the issuance of bonds
and other evidences of indebtedness; to authorize the use of tax increment
financing; to prescribe powers and duties of certain state officials; to provide for
rule promulgation; and to provide for enforcement of the act."
With the adoption of PA 57 of 2018, many local governments have utilized a Corridor
Improvement Authority (CIA) to stimulate economic revitalization of business districts in
transition within their community. A CIA is created to establish a development plan for a
previously established Corridor Improvement District (CID). This plan outlines improvements to
public or private properties that will prevent further deterioration of the district and encourage
new investment. These specific plans may be funded by tax increment financing, private or
corporate donations, and other grants.
The CIA is able to make strategic investments to the district by using tax increment financing.
Through tax increment financing, a portion of the increase in the tax base resulting from the
economic growth and development to facilities, structures or improvements within a
development area is reinvested in the corridor and used for infrastructure improvements and
facilities enhancement, thereby reinvigorating the development area and facilitating economic
growth and development. The justification for capturing the taxes is that no new investment
would have been made within the district without the establishment of the CID; therefore no
taxes are lost by the interested taxing jurisdictions for projects not brought to fruition, and,
physical improvements that are made along the designated corridor have a direct benefit to the
surrounding properties and their potential taxable value.
Powers of the Authority
Detailed powers of the Corridor Improvement Authority board are listed in Appendix D per
section 611 of Act 57 of 2018.
The Authority will be able to carry out with the execution of the vision created for the Michigan
Avenue Corridor as set forth by its Residents, Businesses, the City's Master Plan, and other
Michigan Avenue Corridor Improvement Authority 4
Development and Tax Increment Financing Plan
Stakeholders to improve the built and social environment of the corridor, to improve public
facilities, encourage transit-oriented development, and conduct analysis and research.
History of Michigan Avenue Corridor
The City of Lansing grew from the decision to relocate the state capital from Detroit in 1847,
further from British controlled Canada. Lansing was chosen after legislators were unable to
decide among existing cities such as Ann Arbor, Marshall and Jackson. The city quickly grew as
settlers moved to the new capital, with new settlements growing along the banks of the Grand
River.
Lansing would undergo steady growth following the completion of the current capitol building in
1878 and the extension of railroads through the city. Deliberate decisions were made to grow
the city around the new capitol building, and terminate important streets, including Michigan
Avenue on the new capitol dome.
At the turn of the century, Lansing grew to become an industrial powerhouse. Following the
founding of the Olds Motor Vehicle Company, the City became a major center for automobile
manufacturing.
Meanwhile, a few miles away, East Lansing grew around what was originally the Agricultural
College of the State of Michigan, which eventually became Michigan State University. The
university was the first land-grant institution in the United States and served as a model for other
land-grant colleges around the country. The MSU campus was established on the banks of the
Red Cedar River and connected to East Lansing across Grand River Avenue. During the early part
of the 20th century an electric streetcar ran along Michigan Avenue and Grand River Avenue,
connecting East Lansing and MSU to downtown Lansing and the capitol.
Within a short time,the streetcar line was upgraded to an interurban line that connected Lansing
and East Lansing with nearby towns, eventually reaching all the way to Owosso. After the rise of
organized motordom and the state highway system, the line began to lose business, eventually
discontinuing service in 1929. Over the past few decades, both Lansing and East Lansing have
made significant efforts to diversify economically. New investments in walkable infill
development can be seen in several places along the corridor, particularly close to downtown
Lansing and across from the MSU campus.
As nearby residential areas grew more densely populated, small business owners occupied newly
built commercial buildings. Most of these business owners lived in the surrounding
neighborhoods, and their patrons were neighbors,too.The rapid growth of the Michigan Avenue
commercial corridor was mostly driven by nearby residential demand for groceries, meats, baked
goods, and personal care services.
Present Conditions
Lansing today continues to be characterized by its historic neighborhoods and eclectic mix of
small businesses. Downtown Lansing and the popular Stadium District are offering many new,
Michigan Avenue Corridor Improvement Authority 5
Development and Tax Increment Financing Plan
attractive urban buildings that are displaying local investment in the neighborhood. Although
some investment has happened, the corridor is still incomplete in segments. There are areas
where pedestrians face hostile environments,the result of streets that lack pedestrian amenities
like coherent sidewalks and street trees. The corridor is often wide, high-speed, and with
buildings that do not address the street. These problematic features create unwatched,
uninteresting, even seemingly dangerous areas.
The medical campus of Sparrow Hospital is a major employer and an important amenity in the
region. The hospital operates the only dedicated pediatric emergency room, the largest adult
emergency room in the region as well as the state-of-the-art Herbert-Herman Cancer Center.
Despite the hospital's great attributes, the pedestrian experience along Michigan Avenue near
these properties is not healthy, as the buildings are set back far from the street with large asphalt
parking lots in front.
Some of the commercial areas are considered an eyesore by the community. Even though some
buildings are constructed close to the sidewalk, most of these are one or two stories and have
architecture that is haphazard, generic and often built of inexpensive materials. Frequently these
are commercial-style additions as new fronts to wood frame homes. The pedestrian realm is
substandard, hindering comfortable pedestrian movement in the commercial areas. Sidewalks
are discontinuous and interrupted by numerous curb cuts, and pedestrians often have little
protection from sun, rain, and speeding traffic.
Single-family homes are located both directly north and south of the corridor. These
neighborhoods offer a variety of home sizes to cater to a wider range of family types and income
levels. Although quaint, these neighborhoods are often majority tenant-occupied, and many
need investments from property owners.
Background and Plan Need
The Lansing City Council adopted Resolution Number 2009-278 declaring its intent to create and
provide for the operation of the Michigan Avenue Corridor Improvement Authority on July 27,
2009. Following a formal public hearing on August 24, 2009, the Lansing City Council adopted
Resolution Number 2009-417 on November 2, 2009, which established the Corridor
Improvement Authority and designated the associated Development Area. In the resolution
establishing the Authority, it was determined that a CIA was necessary to:
a) Correct and prevent deterioration in business districts
b) Redevelop the City's commercial corridors
c) Promote economic growth
In 2018, the Lansing City Council appointed two new members to the MACIA board and
reappointed four members. The board had its Annual Meeting in January 2019 where the
elections were conducted, and bylaws were adopted by the board. In April 2019,the bylaws were
adopted and approved by the City Council.
Michigan Avenue Corridor Improvement Authority 6
Development and Tax Increment Financing Plan
In June 2019,the board reviewed and revised the Development and TIF Plan involving the Capital
Area Transit Association (CATA), Public Service Department of the City of Lansing, Jody
Washington from Lansing City Council and Michigan State University Community Economic
Development.
PLAN DEVELOPMENT PROCESS
In March of 2008, community, business, and municipal leaders from the City of Lansing, Lansing
Charter Township, and the City of East Lansing formed an exploratory committee to consider the
unique opportunity presented by the recent passage of the Corridor Improvement Act to
revitalize the Michigan Avenue corridor from the Pere Marquette railroad crossing in Lansing
down to Michigan's intersection with Grand River Avenue in East Lansing. The committee
solicited stakeholder input through a series of surveys and three public work sessions and took a
bus tour of the entire corridor with stakeholders to better understand on-the-ground conditions.
Through this committee, and with significant support from the planning staff of all three
municipalities, a Michigan Avenue Corridor Conceptual Development Plan was created. In order
to provide context for further refinement and implementation, the committee wished to
emphasize that an ideal plan would be driven by a bold vision, shaped by open processes,
possessing a holistic perspective, and all while maintaining a sensitivity to scale at various nodes
and sections of the corridor.
This was, of course, not the start of planning efforts around Michigan Avenue. The City of
Lansing's Department of Planning and Development brought on Deardorff Design Resources Inc.
to put together the East Michigan Avenue Revitalization Study in 1994. There have been other
similar studies over the years, and the conceptual development plan gained insight from the
findings and recommendations of those past plans.
In 2009,the momentum continued, as Michigan State University created a student research team
to create a complete streets and transit-oriented development study entitled, "Transforming the
Michigan Avenue Corridor." This complete street classification and analysis furthered the
conversation about the corridor's needs and made the case for the development of a joint
Corridor Improvement Authority via the three municipalities.
From late spring to the end of 2009,the City of Lansing, Lansing Township,and City of East Lansing
each established a Michigan Avenue Corridor Improvement Authority, with the intent to
implement a joint Development and Tax Increment Financing (TIF) Plan. All three municipalities
also equipped their newly formed CIAs with a board made up of local business or property
owners, residents, and other key stakeholders.
After a slight lull in the conversation, the Mid-Michigan Program for Greater Sustainability, a
program funded by the U.S. Department of Housing and Urban Development (HUD), Michigan
State Housing Development Authority (MSHDA) and local partners, picked up the effort with a
renewed vigor.Administered by Tri-County Regional Planning Commission, this program brought
thousands of people to the table to talk about the Michigan Avenue and Grand River Avenue
Michigan Avenue Corridor Improvement Authority 7
Development and Tax Increment Financing Plan
corridor as the main street and economic backbone of the Lansing area. This extensive
community engagement effort began in 2013 and included two 8-day charrettes, which brought
residents, property owners, stakeholders and technical experts, municipal staff, public officials,
and the planning team together to provide their ideas and recommendations.
The result of this massive public engagement was a visually friendly 150-page document entitled,
"The Capitol Corridor: A Regional Vision for Michigan Avenue / Grand River Avenue," which, in
2014, was made available online with hard copy books circulated through the stakeholder group
as well. Concurrent with that process, the Lansing Economic Area Partnership (LEAP) began re-
engaging the CIA stakeholders on the topic of implementing a joint CIA Development and TIF
Plan. Based on the stagnation that was witnessed in recent years, LEAP and the City of Lansing's
CIA Board decided to push ahead with a Development and TIF Plan that, while being confined to
the limits of the City of Lansing's jurisdiction alongthe corridor, learns from the many past studies
referenced above, and looks to engage Lansing Township and East Lansing in continued
conversation as the plan's objectives begin to be implemented with new tax capture revenue.
The Under the Bridge project is an example of the
regional efforts and collaboration taking place along
Michigan Avenue. The art and lighting project,
scheduled to be completed in Spring 2017, was
organized by the Michigan Avenue Corridor
Improvement Authorities of Lansing, Lansing _ 'k -
Township and East Lansing. The crowdfunding
campaign raised over $100,000 from private donors
and contributions from the State and local
governments to fund the project at the US-127
overpass where it intersects with Michigan Avenue.
The bridge sits at a pivotal point between the cities
of Lansing and East Lansing and will be transformed
into a vibrant gateway.
A grocery store and a hotel are planned for the 600 block of East Michigan Avenue, part of a
mixed-use development slated to open by the end of 2020. The $40 million project will enhance
the quality of life downtown and raise standards for existing properties. The market, hotel and
dozens of one- and two-story residential units are planned for a 4.15-acre site on the southeast
corner of Michigan Avenue and Larch Street that was once the location of Brogan's Tire Center
and the Ballpark Mobil gas station, among other properties.
It is important to make the most of the current focus on revitalization along the corridor by
implementing the efforts proposed in this plan. Efforts will promote neighborhood aligned
growth and help unite the miles-long Michigan Avenue corridor with investments in
infrastructure and improvements that reflect its importance to the region and the diversity of the
communities that rely on it.
Michigan Avenue Corridor Improvement Authority 8
Development and Tax Increment Financing Plan
Section II: DEVELOPMENT PLAN
Benefits of Corridor Improvement District and Authority
The Michigan Avenue Corridor Improvement Authority recognizes the benefits to the district and
to the City of Lansing. This Development Plan is a formal document to outline the priorities and
goals of the Authority. The Corridor Improvement District (CID) Proposal and request to create a
Corridor Improvement Authority states that a CID:
(a) Utilizes TIF to complete improvement projects according to the approved TIF plan
while leveraging other dollars such as earned income and private, state, federal and
philanthropic monies for district improvements
(b) Generates a clear plan to improve the district, implemented by an empowered
neighborhood stakeholder-government partner framework — a proven national method
for success
(c) Creates access to additional programs and incentives to businesses such as special
approval of liquor licenses within city development districts
(d) Establishes a cohesive district which fosters business investment from existing
entrepreneurs and attracts complementary new business growth
(e) Encourages job creation, which produces more jobs for neighborhood residents and
generates additional income tax revenue
(f) Encourages surrounding property improvements, increasing values of neighboring
properties thus generating more property tax revenue
(g) Promotes greater interest in mixed-use development, broadening business location
and residential housing options and increasing the tax base
(h) Brings more people into the district to shop for goods and services, thus generating
more repeat customers for neighborhood businesses and increasing sales tax revenue
(i) Stimulates new commercial development in a neighborhood where additional private
sector investment opportunity exists
(j) Improves the climate of community and economic development for residents and
businesses alike
(k) Contributes to a healthy neighborhood which has the potential to decrease crime or
the perception of crime, and increase public safety
Michigan Avenue Corridor Improvement Authority 9
Development and Tax Increment Financing Plan
(1) Creates an improved commercial core and public space that is appealing to
neighborhood residents encouraging "pride in place" and visitor attraction
(m) Retains and empowers residents who can access jobs, goods and services in a
walkable or transit-oriented neighborhood
(n) Creates an outreach and coordination mechanism at the neighborhood level for City
financed projects
(o) Creates a public-private partnership with the City that enhances community
neighborhood input to improve the district
Legal Basis of the Plan
This Development and Tax Increment Financing Plan is prepared pursuant to requirements of
Sections 125.4618 and 125.4621 of the Tax Increment Financing Act, Public Act 57 of 2018, as
amended.
It addresses the geographic area of the Corridor Improvement District as established by the
Lansing City Council. A descriptive map, resolutions establishing the CID and forming the CIA and
Ordinance are contained in the appendices.
Development Plan Requirements
This section of the Development Plan provides specific information required in Section 125.4621
of the Tax Increment Financing Act. It consists of information requested in subsections 2(a)
through 2(r):
(a) The designation of boundaries of the development area in relation to highways, streets,
streams, or otherwise.
The CIA boundary is the same boundary established by the Lansing City Council Resolution
Number 2009-279 adopted on July 27, 2009, with the proposed area encompassing 500
feet north and 500 feet south of the centerline of Michigan Avenue, and from the eastern
edge of the Pere Marquette Rail Line in the City of Lansing to the west to the Lansing City
limit to the east. A copy of the boundary map is contained in the Appendix H.
(b) The location and extent of existing streets and other public facilities within the
development area, designating the location, character, and extent of the categories of
public and private land uses then existing and proposed for the development area,
including residential, recreational, commercial, industrial, educational, and other uses,
and including a legal description of the development area.
Michigan Avenue Corridor Improvement Authority 10
Development and Tax Increment Financing Plan
Existing Land Use of the East Michigan Avenue Corridor
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Source:Design Lansing 2012 Comprehensive Plan
Future Land Use of the East Michigan Avenue Corridor
Future Land Use Classifications 2 Q mG a`n'dTR v'e'r�Ave
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_ Open Space-Dedicated Park
_ open Space-Quasi-PublicW iity z U w Sa9�0
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Downtown Mixed-Use Center:Core Z Z ri m Z
_ Downtown Mixed-Use Center:Edge St Z Z Z
—Community Mixed-Use Center St I * E jM�h*ir'g�nyA �lr
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Source:Design Lansing 2012 Comprehensive Plan
Michigan Avenue Corridor Improvement Authority 11
Development and Tax Increment Financing Plan
The CIA boundary is the same boundary established by the Lansing City Council Resolution
Number 2009-278 adopted on July 27, 2009. More detailed information about the parcel
area, including parcel numbers, classes and property addresses is in the Appendix G.
(c)A description of existing improvements in the development area to be demolished, repaired,
or altered, a description of any repairs and alterations, and an estimate of the time required for
completion.
A description of specific improvement projects that are contemplated within the
development area is contained in the project schedule and budget at the end of this
section. The cost and time estimates included in the project schedule and budget are
estimates only and may be revised by the Authority board without amending this Plan.
(d) The location, extent, character, and estimated cost of the improvements including
rehabilitation contemplated for the development area and an estimate of the time required for
completion.
A description, including cost estimate and schedule of implementation, for each
improvement project that will be completed within the area is contained in the project
schedule and budget at the end of this section. The cost and time estimates included in
the project schedule and budget are estimates only and may be revised by the Authority
board without amending this Plan.
(e)A statement of the construction or stages of construction planned, and the estimated time of
completion of each stage.
A description, including cost estimate and implementation schedule for each specific
improvement project that will be completed within the area is contained in the project
schedule and budget at the end of this section.The time estimates included in the project
schedule are estimates only and may be revised by the Authority board without amending
this Plan.
(f) A description of any parts of the development area to be left as open space and the use
contemplated for the space.
The Corridor Improvement Authority recognizes the value of open space and green space
in an urban landscape and will look to incorporate green elements and maintain or
beautify existing open space, when it has natural or community-oriented merit. The
planned Red Cedar redevelopment is a prime example of this, in that the open space of
the public park will be heavily invested in to connect to East Lansing and Michigan State
University's campus.
Michigan Avenue Corridor Improvement Authority 12
Development and Tax Increment Financing Plan
Other public areas, such as medians and park land, will also be targeted for green
infrastructure and non-motorized transit-oriented investments, among other things, as
density grows through infill and other urban redevelopment projects.
Opportunities for activation of open space within the corridor will be considered on a
case-by-case basis, with the CIA poised to provide input and support based on
aforementioned corridor plans and the projects to be financed by this Development&TIF
Plan. However, as of the adoption of this Development Plan, there are no currently open
spaces targeted for development of structures or buildings by the Authority; all open
space is currently intended to remain open.
(g)A description of any portions of the development area that the authority desires to sell, donate,
exchange, or lease to or from the municipality and the proposed terms.
A description, including real estate contemplated for acquisition and/or disposition
(including cost estimates, terms and schedule for implementation) for each specific
improvement contemplated within the development area is contained in the project
schedule and budget at the end of this section. There is no known or identified property
or real estate as of the adoption of this Plan that is necessary to complete the streetscape
improvements set forth in this Plan. However,the CIA may wish to sell, donate, exchange,
or lease property in the future. The Authority board reserves the right to sell, donate,
exchange or lease property in the future to the extent determined necessary by the
Authority board without further amendment to this Plan, but in compliance with the
requirements of the Act.
(h) A description of desired zoning changes and changes in streets, street levels, intersections,
traffic flow modifications, or utilities.
Transportation Recommendations s" ' a
z Y o ■ ■
■ ■
k ■ ■
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Source:Design Lansing 2012 Comprehensive Plan
Michigan Avenue Corridor Improvement Authority 13
Development and Tax Increment Financing Plan
Zoning changes, street layout adjustments, street level modifications, intersection and
utilities changes are not contemplated at this time; except as may be proposed in the
project schedule and budget at the end of this section. Design Lansing and form-based
code will potentially lead zoning discussions in the future. The Board will make
recommendations during City planning processes and advocate for zoning that lends itself
to the dense commercial development that is a priority of the CIA.
(i) An estimate of the cost of the development, a statement of the proposed method of
financing the development, and the ability of the authority to arrange the financing.
A description, including cost estimate for individual projects and method of financing is
contained in the project schedule and budget at the end of this section. The total cost of
completing all activities, projects and improvements proposed by the Authority
Development Plan and to be undertaken and financed by the Authority is estimated to be
$1,762,300 over the 15-year course of this plan and is inclusive of administrative expenses
and contingencies. A breakdown of the estimated cost and estimated schedule for
completion for each of those activities and projects is set forth in the project schedule
and budget at the end of this section.
The scope of the items and improvements and the projected schedule for completion for
those items and improvements described in this Plan are estimates only and may be
revised from time to time by the Authority board without amending this Plan; provided,
however, that such items and improvements must be completed within the term of this
Plan, unless the term is amended in accordance with Act 57. Further, estimated costs for
any items or improvements may be increased or decreased by the Authority board
without amending this Plan based upon then-current preconstruction or pre-bid
estimates of cost, as well as revised estimates of cost resulting from the receipt of bids.
All operating and planning expenditures of the Authority and the City, as well as all
advances extended by or indebtedness incurred by the City or other parties for
improvements identified above that have been completed, are in progress, or yet to be
completed, are expected to be repaid from tax increment revenues.The costs of the Plan
are also anticipated to be paid from tax increment revenues as received.
The Authority expects to finance these activities from any one or more of the following
sources:
o Future tax increment revenues
o Interest on investments
o Donations received by the Authority
o Proceeds from State, Federal and Other Grants
o Proceeds from any property building or facility that may be owned, leased,
licensed, operated or sold by the Authority
o Special assessments as may be approved by the City Council
o Fees, memberships, sponsorships
o Public and private foundation grants
Michigan Avenue Corridor Improvement Authority 14
Development and Tax Increment Financing Plan
The proceeds to be received from tax increment revenues in the CID plus the availability
of funds from other authorized sources will be sufficient to finance all activities and
improvements to be carried out under this Plan. At this time, there is no intention by the
Authority to issue bonds or to request that City Council issue bonds for qualifying
activities; should that change, the Authority will comply with all requirements under the
Act, including amendment to this Plan if necessary.
(j) Designation of the person or persons, natural or corporate, to whom all or a portion of the
development is to be leased, sold, or conveyed in any manner and for whose benefit the
project is being undertaken if that information is available to the authority.
The planned developments are designed to benefit all businesses, property owners, and
residents of the corridor. Information concerning the names of specific persons for whom
benefits may accrue are unknown at this time, as there is no intention to sell or transact
any portion of the Development to any person at this time.
(k) The procedures for bidding for the leasing, purchasing, or conveying in any manner of all
or a portion of the development upon its completion, if there is no express or implied
agreement between the authority and persons, natural or corporate, that all or a portion of
the development will be leased, sold, or conveyed in any manner to those persons.
The CIA Board has no publicly announced commitments for the acquisition or sale of
property as it has no property under supervisory responsibility of the CIA at this time.The
CIA in conjunction with the City may discuss policies to explore acquisition of tax reverted
property should properties within the CIA District become available for acquisition by the
City through tax reversion procedures.
It is not a priority of the CIA to acquire private property unless it advances a public
improvement project or is necessary for economic development purposes. Any property
acquired or held by the CIA, to be sold, leased, or otherwise conveyed to private
development interests shall be sold, leased, or otherwise conveyed in accordance with
local municipal policy, terms, and conditions to be established by the CIA, and state law,
if applicable. At the time of the adoption of this plan, no private parties have been
identified to whom land for redevelopment will be sold, leased, or otherwise conveyed;
however, the CIA may convey such property to presently undetermined private parties
for redevelopment for appropriate uses.
(I) Estimates of the number of persons residing in the development area and the number of
families and individuals to be displaced. If occupied residences are designated for acquisition
and clearance by the authority, a development plan shall include a survey of the families and
individuals to be displaced, including their income and racial composition, a statistical
description of the housing supply in the community, including the number of private and public
units in existence or under construction, the condition of those units in existence, the number
Michigan Avenue Corridor Improvement Authority 1s
Development and Tax Increment Financing Plan
of owner-occupied and renter-occupied units, the annual rate of turnover of the various types
of housing and the range of rents and sale prices, an estimate of the total demand for housing
in the community, and the estimated capacity of private and public housing available to
displaced families and individuals.
Based on 2010 Census data, the estimated population of the City of Lansing's Michigan
Avenue commercial corridor district is 6,455 people. There are no occupied residences
targeted for acquisition or development under the Plan, thus no relocation of families or
individuals is anticipated within the scope of the proposed Development Plan or Tax
Increment Financing Plan.
(m)A plan for establishing priority for the relocation of persons displaced by the development
in any new housing in the development area.
There are no occupied residences targeted for acquisition or development under the Plan,
thus no relocation of families or individuals is anticipated within the scope of the
proposed Development Plan or Tax Increment Financing Plan.
(n) Provision for the costs of relocating persons displaced by the development and financial
assistance and reimbursement of expenses, including litigation expenses and expenses
incident to the transfer of title, in accordance with the standards and provisions of the uniform
relocation assistance and real property acquisition policies act of 1970, Public Law 91-646, 84
Stat. 1894.
There are no occupied residences targeted for acquisition or development under the Plan,
thus no relocation of families or individuals is anticipated within the scope of the
proposed Development Plan or Tax Increment Financing Plan.
(o)A plan for compliance with 1972 PA 227, MCL 213.321 to 213.332.
There are no occupied residences targeted for acquisition or development under the Plan,
thus no relocation of families or individuals is anticipated within the scope of the
proposed Development Plan or Tax Increment Financing Plan.
(p) The requirement that amendments to an approved development plan or tax increment
plan must be submitted by the authority to the governing body for approval or rejection.
In accordance with the Act 57, the Authority reserves the right to amend this Plan as
necessary to add new improvement projects, extend the duration of the Plan, or for other
lawful purposes. Any amendments to the Plan shall be approved by the Authority and the
City Council in accordance with the requirements of Act S7. The Authority maintains its
ability to administratively prioritize and utilize funds for projects fitting the goals outlined
in this plan without formal amendment to this plan.
Michigan Avenue Corridor Improvement Authority 16
Development and Tax Increment Financing Plan
(q)A schedule to periodically evaluate the effectiveness of the development plan.
An annual report shall be submitted to each entity for which taxes are captured
addressing use of CIA funds during the past budget year, status of implementation of the
program of work set forth in the Development Plan and proposed CIA activities for the
ensuing year. Any changes from this Development Plan will be addressed and changed by
action of the City Council as part of this annual review of CIA activities. Amendments to
the Development Plan and Tax Increment Financing Plan would be completed in
compliance with notification and public hearing procedures of Section 622 of Act 57 prior
to action of the City Council.
(r) Other material that the authority, local public agency, or governing body considers
pertinent.
This Development Plan contemplates the use of tax increment financing. The Authority
will comply with the City Council's Policy on Corridor Improvement Authorities and
Districts, as amended.
Development and TIF Plan Schedule and Budget
The duration of this plan is a 15-year period. The following pages include tables where specific
projects that address CIA goals are described, budgeted, and scheduled. The schedule begins in
2019 and ends in the year 2034 (15 years). Projects have been listed based on estimated time of
completion.
Intent to Update and Extend Duration or Terminate Plan
On or before the year 2034, the authority will consider action to update and extend the duration
of the Development and Tax Increment Financing Plan or make recommendations to terminate
the plans and rescind City Resolution #2009-417, which created the authority and designated its
Development Area. Rescission of the resolution would dissolve the authority and eliminate the
accompanying tax increment financing district; provided, however, that in accordance with Act
57, the authority shall not be dissolved if there is outstanding indebtedness of the authority.
Project Descriptions
Information was gathered through a variety of initiatives regarding what the Michigan Avenue
CIA would undertake. The bulk of proposed investments are directly tied to the findings and
recommendations of either the Michigan Avenue Corridor Conceptual Development Plan
developed in 2008 or the Complete Streets Study done in 2009. These projects have been broken
up into three goals summarized by the mission statement of the CIA:
"The Michigan Avenue Corridor Improvement Authority shall provide economic resources to
improve and maintain public infrastructure, correct and prevent deterioration, and promote
neighborhood aligned economic growth".
Michigan Avenue Corridor Improvement Authority 17
Development and Tax Increment Financing Plan
These three goals have been occurring in different capacities. It is the intention of this plan to
outline what the CIA aims to directly implement and which activities it will provide support
toward existing efforts. While the CIA does not intend to fund major infrastructure projects,
funds will be prioritized around accentuating and enhancing new and existing infrastructure, in
line with the City of Lansing's Capital Improvement Plan and conceptually focused on enabling
multi-modal transit, complete streets and creating sense of place. A description, including cost
estimate and schedule of implementation, for each improvement project that will be completed
within the area is contained in the project schedule and budget at the end of this section.
Public Infrastructure: Many
of the plans, especially
i r'd f "Transforming the Michigan
Avenue Corridor: a complete
A.
streets and transit-oriented
P :- � development study' and
�►J `� 1 CATA's ongoing
d1 transportation studies, call
for extensive and dynamic
H ' improvement in
infrastructure to support
motorists, bus riders, bikers
\, 4 and pedestrians alike. The
Michigan Avenue Corridor
Improvement Authority
. � recognizes the importance of
` !r functioning infrastructure
y i
4 and complete streets to serve
4 T both the businesses and
® residents along the Michigan
Avenue Corridor. It is the
intention of the CIA to
support the efforts of the
Capital Area Transportation
Authority (CATA), the city of
Rachel Wilke,Intern-Lansing Planning Department
Lansing and the Tri- County Regional Planning Commission. The CIA will be a platform to offer
design input based off previous community visioning work that was part of the planning
processes, some of which are ongoing.
The CIA proposes to directly support infrastructure upgrades that improve the attractiveness of
the corridor and provide for a cohesive, multi-modal user experience.This entails the installation
of benches, trashcans, landscaping, pedestrian lighting, median treatments, bicycle racks, public
art, banners, way finding signage and other needed Placemaking elements. The CIA will work
Michigan Avenue Corridor Improvement Authority 18
Development and Tax Increment Financing Plan
with the City of Lansing to identify maintenance and upkeep solutions.The CIA seeks to empower
residents in taking ownership of their community by developing guidelines for temporary
Placemaking installations that would or would not impede of the public right of way and facilitate
communication between the city and residents.
The CIA will consider Public Infrastructure projects that improve the quality of life and business
friendliness of the corridor while leveraging the partnerships and assets within the community.
Correct and Prevent Deterioration: Reversing Deterioration along the corridor will lead to the
necessary outcomes of increased property values, increased private investment, an improved
user experience, as well as an increase in community pride. Lansing is a certified Redevelopment
Ready Community (RRC). Redevelopment Ready Communities° (RRC) is a certification program
supporting community revitalization and the attraction and retention of businesses,
entrepreneurs and talent throughout Michigan. The CIA acknowledges the benefit of cohesive
planning, visioning and marketing identified in the RRC Best Practices and proposes to correct
and prevent deterioration through leading the following proactive activities.
CIA staff will inventory current properties, engage with current property owners and assist with
marketing available properties, when appropriate. The CIA will work with the Lansing Economic
Area Partnership (LEAP) to identify and pursue city, state and federal incentives and any other
applicable grant programs that align with the goals of the Corridor Improvement Authority. The
CIA proposes to offer incentives, if funding is available,to assist with building improvements. For
example, a fagade grant program is planned to help businesses along the corridor address the
costs associated with preserving and/or restoring aging building fagades. To protect existing
corridor assets, CIA proposes to support and strengthen commercial code compliance and
coordinate with the City of Lansing and community-based organizations on events to clean and
beautify the corridor.
Promote Neighborhood Aligned Economic Growth: The CIA will act as organizational lead, in
partnership with the City of Lansing and Lansing Economic Area Partnership, on community
engagement for the redevelopment of the corridor. The CIA understands the importance of a
strong foundation set in partnerships and shared vision. The CIA will adopt a public participation
plan that will facilitate frequent stakeholder input. For the health of existing and new businesses,
the CIA will develop a marketing and branding plan for the corridor. The CIA will work in
conjunction with the Small Business Development Center (SBDC), Lansing Economic Area
Partnership (LEAP) and the Lansing Regional Chamber (LRC) in supporting new and existing
businesses through one on one consultation, referral to resources and hosting business to
business events. This may include connection to the existing incubator network, or the
establishment of new incubators/ accelerators, if needed. The CIA will work closely with
community-based organizations and organized neighborhood groups on community engagement
and planning for projects on corridor, including development of strategies for transition between
commercial and residential.
Michigan Avenue Corridor Improvement Authority 19
Development and Tax Increment Financing Plan
In 2012,the Michigan Office of Urban and Metropolitan Initiatives commissioned U3 Ventures to
conduct the Michigan Anchor Institution Opportunity Analysis of eight cities across Michigan,
including Lansing. The resulting report documents the impact of Michigan State University,
Lansing Community College, and Sparrow Health System on the Lansing region and Michigan
Avenue Corridor. The CIA will continue the work of the Anchor Initiative by developing a strategy
to engage business, non-profit and governmental agencies that offer historic and future
employment, influence and the ability to change, and benefit from, the corridor.
The CIA, although not establishing a joint district at this time, will potentially continue to work in
conjunction with Lansing Charter Township and the City of East Lansing to work towards a shared
vision for the entirety of corridor.
The following tables summarize the various projects and activities proposed, including an
estimated cost and completion date for each. As noted previously, the costs and completion
dates are estimates only and are subject to change without further amendment to this Plan.
These dates and estimates may vary because of private investment decisions, financing
opportunities, market shifts or other factors.
Table 1: Projects Anticipated in Public Infrastructure
Action Timeframe Total Cost Expected
Completion
Develop and install wayfinding signage, with a
focus on guiding residents and visitors to transit Short $ 30,000 1-2 years
stations such as bus stops
Install bicycle racks and related equipment,
especially near transit stations such as bus stops Short $ 33,000 1-2 years
Plan, develop and install banners Short $ 50,000 2-5 years
Install pedestrian infrastructure (benches, trash
cans, etc.) to increase and facilitate use of public Medium $ 75,000 5-10 years
transit stations such as bus stops
Install and increase pedestrian oriented lighting
especially near transit stations such as bus stops Medium - Long $ 200,000 8-15 years
Install public art (sculptures, murals, etc.) Medium - Long $ 80,000 8-15 years
Install and maintain public flowerbeds and Medium - Long $ 100,000 8-15 years
landscaping
Placemaking projects (e.g. community-initiated Short, Medium or
initiatives, events and improvements) Long $ 50,000 Ongoing
Table 2: Projects Anticipated in Correction & Prevention of Deterioration
Action Timeframe Total Cost Expected
Completion
Organize efforts to clean and beautify corridor Short $ 15,000 Ongoing
Michigan Avenue Corridor Improvement Authority 20
Development and Tax Increment Financing Plan
Create property inventory, prioritize
redevelopment and marketing properties Short $ 45,000 5-10 years
Organize community events that highlight positive
Short- Medium $ 20,000 Ongoing
corridor news
Award program to encourage good business
Short- Medium $ 15,000 Ongoing
behavior
Facade grant program (Matching Grant) Medium - Long $ 300,000 10-15 years
Table 3: Projects Anticipated in Promotion of Neighborhood-Aligned Economic Growth
Action Timeframe Total Cost Expected
Completion
Host community input sessions around
Medium $ 30,000 5-10 years
development projects
Create a marketing and branding plan for corridor Short- Medium $ 50,000 2-5 years
Sponsorship of corridor-focused projects and non-
Long $ 100,000 10-15 years
profit activities
OTHER SOURCES OF FINANCING
As noted in Section 621.2 (i), the CIA expects to finance these activities from one or more of the
following sources:
o Future tax increment revenues
o State, Federal or Other grants
o Special assessments as may be approved by the City of Lansing
o Interest on investments
o Donations received by the CIA
o Fees, sponsorships and memberships
o Public and private foundation grants
o Proceeds from any property, building or facility owned, leased or sold by the CIA
o Moneys obtained through development agreements with property owners
benefiting from adjacent open space and other public improvements
o Moneys obtained from other sources approved by the City of Lansing
The revenue to be received from tax increment financing in this Development Area plus the
availability of funds from other authorized sources will be sufficient to finance the activities and
improvements to be carried out under this plan. At this time, there is no intention by the
Authority to issue bonds or to request that City Council issue bonds for qualifying activities;
should that change, the Authority will comply with all requirements under the Act, including
amendment to this Plan if necessary.
Michigan Avenue Corridor Improvement Authority 21
Development and Tax Increment Financing Plan
Section III: TAX INCREMENT FINANCING PLAN FOR DEVELOPMENT DISTRICT
This tax increment financing plan is established to make possible the financing of all or a portion
of the costs associated with the activities and projects contained in the previous Development
Plan for the Michigan Avenue Corridor Improvement District.
Tax Increment Financing Plan
Tax increment financing is a funding technique that utilizes increases in taxes on real and personal
property within a specific development area to secure and pay the cost of public improvements
or bonds issued by a municipality or Corridor Improvement Authority to finance the costs of an
approved development plan, to pay the Authority's costs of operation, and to finance portions
of an approved development plan which do not involve the issuance of bonds.
The Corridor Improvement Authority Act requires the CIA to address three legislative
requirements in the Tax Increment Financing Plan. These provide information about funds
anticipated to be received bythe CIA and its impact upon taxing jurisdictions.These requirements
are found in Section 618(1) of the Act and states that "if the authority determines that it is
necessary for the achievement of the purposes of this act,the authority shall prepare and submit
a tax increment financing plan to the governing body of the municipality. The plan shall include
a development plan as provided in section 621..."
Specifically, pursuant to Section 618(1) of the Act the Tax Increment Financing Plan must include,
in addition to the Development Plan set forth above:
1. A detailed explanation of the tax increment procedure,
2. The maximum amount of bonded indebtedness to be incurred, and
3. The duration of the program.
4. A statement that all unused funds captured shall revert proportionally to the
respective taxing bodies.
5. A statement of the estimated impact of tax increment financing on the assessed
values of all taxing jurisdictions in which the development area is located.
6. A clear statement of the portion of captured value intended to be used by the
Authority for the Plan, and the intended use.
1. Detailed explanation of the Tax Increment Financing Procedure
The Corridor Improvement Authority Act, Act 57 of 2018, as amended, authorizes tax increment
financing (TIF). TIF makes it possible for a district to essentially capture tax revenues that are
derived from the increase in value of property, which has benefitted from development projects
within said district. The revenue is used to finance further development within the district. The
Michigan Avenue CIA has determined that, in order to finance the previous Development Plan, a
tax increment financing plan must be adopted.
Michigan Avenue Corridor Improvement Authority 22
Development and Tax Increment Financing Plan
The theory of utilizing TIF is that tax revenue will increase within a district where development is
taking place. That increase in development will generate an increase in the tax revenues within
that district. Therefore, it is appropriate to use this increase in tax revenue to reinvest into the
district to encourage continued development.
The tax increment financing procedure as outlined in Act 57 of 2018 requires the adoption by the
City, by resolution, of a Development Plan and a Tax Increment Financing Plan. Following the
adoption of that resolution,the city and county treasurers are required by law to transmit to the
CIA that portion of the tax levy of all taxing bodies paid each year on the "Captured Assessed
Value of all real and personal property located in the Development Area."The tax amounts to be
transmitted are hereinafter referred to as "Tax Increment Revenue".
The Authority explicitly subordinates its capture of Tax Increment Revenue to any similar capture
by a Brownfield Redevelopment Plan, duly authorized by the Lansing Brownfield Redevelopment
Authority and Lansing City Council,for any parcel or property that is currently subject to any such
Brownfield Redevelopment Plan or that comes to be during the duration of this Plan. This Plan
will still capture any amount of qualifying Tax Increment Revenue that passes through any such
Brownfield Redevelopment Plan's capture.
The "Captured Assessed Value" is defined by the Act as "the amount in any 1 year by which the
current assessed value of the project area, including the assessed value of property for which
specific local taxes are paid in lieu of property taxes ... exceeds the initial assessed value..." The
"initial assessed value" is defined by the Act as the"assessed value, as equalized,of all the taxable
property within the boundaries of the Development Area at the time the resolution establishing
the tax increment financing plan is approved, as shown by the most recent assessment roll of the
municipality for which equalization has been completed at the time the resolution is adopted..."
It is the goal of the CIA to use the captured assessed value in the development district for the
number of years necessary to complete the projects outlined in the Development Plan.
The CIA shall submit a report on the tax increment financing account showing the revenue
received and the amount and purpose of expenditures from the account. Reports will also be
required showing the initial assessed value of the development district and the amount of
captured assessed value retained by the CIA. The report shall be submitted to the Lansing City
Council and contain such additional information as the City Council deems necessary.
An opportunity will be made available to the County Board of Commissioners and other taxing
jurisdictions to meet with the City Council to discuss the fiscal and economic implications of the
proposed financing and development plans.
Approval of the tax increment financing plan must be obtained following the notice, hearing and
disclosure provisions of Section 622 of the Act. If the development plan is a part of the tax
increment financing plan, only one hearing and approval procedure is required for the two plans
together. The tax increment financing plan may be modified by the City Council upon notice and
Michigan Avenue Corridor Improvement Authority 23
Development and Tax Increment Financing Plan
after public hearings. The governing body may abolish the tax increment financing plan when it
finds that the purpose for which it was established is accomplished.
2. The maximum amount of bonded indebtedness to be incurred
The CIA does not anticipate bonding based on currently identified projects. However, the CIA
maintains the authority to bond to support future development projects. Below is the current
financial position of the Authority.
Description of Current Financial Position
Current Assets: The Michigan Avenue Corridor Improvement Authority fund balance at
the time of preparation of this analysis is $0.00. The Lansing Economic Area Partnership
(LEAP) has contributed to the organizational costs of the CIA, as well as the preparation
of this Development and Tax Increment Financing Plan.
Anticipated Revenue:The CIA district contains 142 individual commercial properties.The
2019 taxable value of all properties is $22,047,037. This is the initial assessed value to
which all future assessments will be compared to determine the tax capture for the
district. A detailed projection table for the 15-year period is included in Appendix I.
Expenses: The CIA will be responsible for all expenses for each project listed in the
Development Plan using TIF funding. Other sources of funding may be leveraged from
time to time in addition to the TIF.
3. Duration of The CIA and Tax Increment Financing District
The initial duration of the CIA's TIF district is 15 years. This Tax Increment Financing Plan
establishes a budget for a 15-year period. This is reflected in the previous Development Plan's
projects estimated completion dates, shown in Tables 1 through 4.
4. Unused Funds Shall Revert Proportionally to the Respective Taxing Bodies
The Authority shall comply with the requirements of Subsection 619(2)of the Act,and shall revert
all unused funds, proportionally, to the respective taxing bodies. This TIF Plan is not intended,
nor shall it be used to circumvent existing property tax limitations;the sole purpose is to enhance
and increase public use of the public portions of the corridor as detailed in the Development Plan,
especially as it pertains to utilization of public transit.
5. Estimated Impact of The Tax Increment Financing Plan
Adoption of this Tax Increment Financing Plan will initially result in the use of all revenues derived
from increases in assessed value of the real and personal property of the Development District
for purposes of the Development Plan. As soon as adequate increments have been generated to
pay for the development projects, excess tax increment will be returned to the taxing
jurisdictions.
Appendix I demonstrates the current millage levied by each jurisdiction, the anticipated growth
in assessed value and the resulting tax increment revenues to be generated during the life of the
Michigan Avenue Corridor Improvement Authority 24
Development and Tax Increment Financing Plan
Plan, and the estimated fiscal and economic implications on taxing jurisdictions resulting from
the implementation of the Plan and capture of millage by the Authority.
The Authority proposes to strengthen the Development District and arrest the current stagnation
and deterioration in property values. This is to be accomplished by using the additional tax
revenues generated in the Development District to make public improvements and induce
private redevelopment.
Several tax bodies currently receive property tax revenue from the property within the
Development District. They will continue to receive tax revenues on the initial assessed value of
this property throughout the duration of the Plan. When this plan is terminated, these taxing
jurisdictions will receive property tax revenues from all taxable property located within the
Development District, including new development and appreciation in value stimulated by the
development projects and inflation.
6. Use of Tax Increment Revenue
The Authority intends to use all of the captured value in furtherance of the Plan described above.
Tax increment revenues transmitted to the Authority shall be deposited in a separate fund of the
Authority (the "Project Fund") and used as they accrue annually in the following manner, and
with the following order or priority:
1. To pay the administrative, auditing, legal and operating costs of the Authority and the City
pertaining to the Plan and the Development District, including planning and promotion to
the extent provided in the annual budget of the Authority.
2. To repay amounts advanced by the City for project costs, including costs for preliminary
plans, projects, fees, and for other professional services.
3. To pay, or to set aside in a reserve account for the purpose of paying when feasible, the
cost of undertaking, completing and reimbursing the City for any public improvements as
set forth in the Plan, to the extent those costs are not financed from other sources (the
"Project Reserve Fund").
4. To pay the cost of any additional improvements to the Plan that are determined necessary
by the Authority and approved by the City Council in accordance with the Act.
In accordance with Act 57, and to the extent that the Authority and City deem it necessary and
in the best interest of the Authority, the Development District, and the City and its resident and
property owners, the Authority may enter into tax sharing arrangements with affected taxing
jurisdictions to share all or a portion of tax increment revenues on such terms as the Authority
and the City Council determine to be most equitable for the Authority, the Development District
and the City.
Michigan Avenue Corridor Improvement Authority 25
Appendix A:
Full Ordinance — Intent to Establish the
Michigan Avenue Corridor Improvement
Authority
BY THE COMMITTEE ON DEVELOPMENT AND PLANNING
RESOLVED BY THE CITY COUNCIL OF THE CITY OF LANSING
WHEREAS, the City of Lansing, in conjunction with the City of East Lansing and
. Chadter—Township af_Lansing_has_prepared.and forwarded a resolution of intent to
create the—Michigan—Avenue—Corridor—improvement Authority—(the—Authority)—in
accordance with the provisions of the Michigan Corridor Improvement Authority, Public
Act 280 of 2005, as amended (the Act);
WHEREAS, the Michigan Avenue Corridor Improvement Authority Development Area,
as defined in the Act (the "Proposed Development Area"), is comprised of eligible
property within an area along Michigan Avenue bounded by an area of all commercial
property, as defined by PA 206 of 1893, found within 500 feet north and 500 feet south
of the centerline of Michigan Avenue, and from the eastern edge of the Pere Marquette
Rail Line in the City of Lansing to the west to the Lansing City limit to the east, and
specifically identified in Exhibit A;
WHEREAS, the District meets all of the requirements of section 5 of Public Act 280 of
2005, including: .
1, The Proposed Development Area is adjacent to a road classified as .
an arterial or collector according to the Federal Highway
Administration Manual "Highway Functional Classification _
Concepts, Criteria and Procedures;" and
2. The Proposed Development Area contains at least ten (10)
contiguous parcels or at least five (5) contiguous acres; and
3. More that half of the existing ground floor square footage in the
Proposed Development Area is classified as commercial .real
property under Section 34c of the General Property Tax Act, Act
206 of 1893, as amended (MCL 211.34c); and
4. Residential use, commercial use, or industrial use has been
allowed and conducted under the zoning ordinance or conducted in
the entire Proposed Development Area for the immediately
proceeding thirty (30) years.
5. The Proposed Development Area is presently served by municipal
water and sewer; and
6. The Proposed Development Area is zoned to allow for mixed use
that includes high density residential use
LANSING CITY COUNCIL LEGISLATIVE ITEMS:JULY 27,2009 RESOLUTIONS
and;
WHEREAS, in accordance with Act 280 the City would further agree to the following
with respect to the Proposed Development Area:
1. -T-o—expedite—the—local—permitt-ing--and—inspection—proces-s—in—tho-Z' --''-'-"
Proposed Development Area; and
2. 'To modify its master plan to provide for walkable non-motorized
interconnections, including sidewalks and streetscapes throughout
the Proposed Development Area
and;
WHEREAS, at least one member of the Authority must reside within Y2 mile of the
development district,
WHEREAS, the Act requires that before creation of the Authority the Lansing City
Council hold a public hearing in order to provide an opportunity-for those living in and
around the boundaries of the Authority, the City Assessor, a representative of the
affected taxing units, the residents, and other taxpayers of the City of Lansing general
public appear and be heard regarding the creation of the Authority.
NOW,'THEREFORE, BE IT RESOLVED that Council determines that it is necessary for
the best interests of the City and the public to redevelop its commercial corridors and to
promote economic growth;
BE IT FURTHER RESOLVED that the City Council hereby declares its intent to work
together with the City of East Lansing and the Charter Township of Lansing to create
and provide for the operation of a corridor improvement authority as enabled by and
pursuant to Act 280;
BE IT FURTHER RESOLVED that Council hereby designates the boundaries of the
Development Area as comprising parcels of real property identified in Exhibit A;
BE IT FURTHER RESOLVED that the authority will be known as the "Michigan Avenue
Corridor Improvement Authority."
BE IT FINALLY RESOLVED that a public haring shall be held in the City Council
Chambers of the City of Lansing, 10th Floor, Lansing City Hall, Lansing Michigan, on
24th day of 2009, for the purpose of receiving comment on the establishment of the
Michigan Avenue Corridor Authority as set forth in Public Act 280 of 2005. Notice of the
LANSING CITY COUNCIL LEGISLATIVE ITEMS:JULY 27,2009 RESOLUTIONS
public hearing shall be published twice in a newspaper of-general circulation in the
municipality, not less than .20 or more than 40 days before the date of the hearing. Not
less than 20 days before the hearing, the City shall also mail notice of the hearing to the
property taxpayers of record in the proposed development area, to the governing body
of each taxing jurisdiction levying taxes that would be subject to capture if the authority
___i.s_estabIiShad-arid_a tax_increment financing__plan_ is approved, and to the state tax _
commission-Failure-of-a-property-taxpayer to-receive the-notice-does-not invalidate
these proceedings. Notice of the hearing shall be posted in at least 20 conspicuous and
public places in the proposed development area not less than 20 days before the
hearing. The notice shall state the date, time, and place of the hearing and shall
describe the boundaries of the proposed development area. A citizen, taxpayer, or
property owner of the municipality or an official from a taxing jurisdiction with millage
that would be subject to capture has the right to be heard in regard to the establishment
of the authority and the boundaries of the proposed development area.
LANSING CITY COUNCIL LEGISLATIVE ITEMS:JULY 27, 2009 RESOLUTIONS
Appendix B :
Affidavit of Notice of Public Hearing on
Creation of the MACIA
AFFIDAVIT OF POSTING NOTICE OF PUBLIC HEARING
1, the undersigned, hereby state that on May 81', 2009, 1 personally posted a notice of
public hearing to be held by the City Council of the City of East Lansing on consideration on the
creation of the Michigan Avenue Corridor Improvement Authority of the City of East Lansing, a
copy of which notice is attached hereto and made a part hereof, in the following conspicuous
and public places in the district described in the notice:
1. Utility Pole at the Southeast corner of Hiilcrest St and Grand River Ave
2. Utility Pole in the parking lot at 111 Cowley Ave.
3. Utility Pole on Hiilcrest Ave, north of the corner with Elm PI
4. Utility Pole in the parking lot at 404 Michigan Ave
5. Utility Pole in the parking lot at 1226 Michigan Ave
6. Utility Pole on the east side of Highland Ave, north side of parking lot entrance
7. Utility Pole on the south side of Elm PI, at the corner with Hiilcrest
8. Utility Pole on the south side of Elm PI, parking lot entrance
9. Utility Pole on the east side of Louis St, mid-first block
10. Utility Pole on the east side of Louis St, at the northeast corner with Michigan Ave.
11. Utility Pole at 111 Cowley Ave, north side of parking lot entrance
12. Utility Pole at 111 Cowley Ave, south side of parking lot entrance
13. Utility Pole on the east side of Center St, at 626 Michigan Ave
14. Utility Pole on the east side of Center St, at the northeast corner with Michigan Ave.
15. Utility Pole in the northeast corner of the Harrison Roadhouse parking lot
16. Utility Pole on Harrison Rd, northwest corner with Michigan Ave.
17. Utility Pole on Michigan Ave, northwest corner with Harrison Rd.
18. Utility Pole at the northwest corner of Michigan Ave and Highland Ave
19, Utility Pole at the northeast corner of Michigan Ave and Highland Ave
20. Utility Pole at the southwest comer of Michigan Ave and Reniger Ct
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Appendix C:
Resolution Establishing the MACIA and
Designation of the Development Area
I, CHRIS SWOPE, CITY CLERK of the City of Lansing, Michigan, do hereby certify that
I have compared the annexed copy of Resolution #2009-417, which established the
Michigan Avenue Corridor Improvement Authority and Designation of the Development
Area, which was adopted November 2, 2009, with the original now on file in my office,
and that it is a correct copy thereof, and of the whole of such original.
�NSI �
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cHIG
r1 z na
r�
IN WITNESS WHEREOF, I have hereunto set my
hand and affixed the corporate seal of the City of
Lansing t 's 15t" day of Ju e 2017.
P
HRIS SWOPE, City 011erk
Lansing City Clerk's Office
Ninth Floor,City Hall, 124 W. Michigan Ave.,Lansing,MI 48933-1695
517-483-4131 • TDD 517-483-4479. 517-377-0068 FAX
www.lansingmi.gov/clerk • clerkLlansingini.gov
s:\clerk staff\administrative\certified copy chris v2.doc
RESOLUTION #2009-417
BY THE COMMITTEE ON DEVELOPMENT AND PLANNING
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LANSING
Resolution Establishing Michigan Avenue Corridor Improvement Authority
And Designation of the Development Area
WHEREAS, the City of Lansing (the City), is authorized by the provisions of MCL
125.2871, et seq., Act 280, Public Acts of Michigan, 2005, as amended (Act 280), to
create a corridor improvement authority; and
WHEREAS, the City Council held a public hearing on August 24, 2009 pursuant to Act
280 in connection with the establishment of a corridor improvement authority and the
designation of the proposed development area; and
WHEREAS, at least 60 days have passed since the public hearing; and
WHEREAS, the City Council intends to proceed with the establishment of a corridor
improvement authority;
NOW, THEREFORE, BE IT RESOLVED THAT:
1. Determination of Necessity: Purpose. The City Council hereby determines that it is
necessary for the best interests of the public to create a public body corporate which
shall operate to correct and prevent deterioration in business districts, to redevelop the
City s commercial corridors and promote economic growth, pursuant to Act 280 of the
Public Acts of Michigan, 2005, MCL 125.2871, et seq., as amended.
2. Definitions. The terms used in this resolution shall have the same meaning as given to
them in Act 280 or as hereinafter in this section provided unless the context clearly
indicates to the contrary. As used in this resolution:
"Authority" means the Michigan Avenue Corridor Improvement Authority (also known as
"MACIA") created by this resolution.
"Act 280" means Act No. 280 of the Public Acts of Michigan of 2005, as amended. MCL
125.2871, et seq.
"Board" or "Board of Directors" means the Board of Directors of the Authority, the
governing body of the Authority.
"Chief Executive Officer" means the Mayor of the City of Lansing.
"City" means the City of Lansing, Ingham and Eaton Counties, Michigan.
"City Council" means the City Council of the City of Lansing.
"Development Area" means the development area designated by this resolution, as now
existing or hereafter amended, and within which the Authority shall exercise its powers.
3. Creation of Authority. There is hereby created pursuant to Act 280 a Corridor
Improvement Authority for the City. The Authority shall be a public body corporate and
shall be known and exercise its powers under title of the MICHIGAN AVENUE
CORRIDOR IMPROVEMENT AUTHORITY. The Authority may adopt a seal, may sue
and be sued in any court of this State and shall possess all of the powers necessary to
carry out the purposes of its incorporation as provided by this resolution and Act 280. The
enumeration of a power in this resolution or in Act 280 shall not be construed as a
limitation upon the general powers of the Authority.
4. Termination. Upon completion of its purposes, the Authority may be dissolved by
resolution of the City Council. The property and assets of the Authority, after dissolution
and satisfaction of its obligations, shall revert to the City.
5. Description of Development Area. The Development Area shall consist of the territory
in the City described in Exhibit A to this resolution, attached hereto and made a part
hereof, subject to such changes as may hereinafter be made pursuant to this resolution
and Act 280.
6. Board of Directors. The Authority shall be under the supervision and control of the
Board. The Board shall consist of the Mayor or his or her assignee, and seven additional
members. Members shall be appointed by the Mayor, subject to approval by the City
Council. Not less than a majority of the members shall be persons having an ownership or
business interest in property located in the Development Area. Not less than 1 of the
members shall be a resident of the Development Area, or of an area within 1/2 mile of any
part of the Development Area. Members shall be appointed to serve for a term of four
years, except that of the members first appointed, an equal number, as near as is
practicable, shall be appointed for terms of 1 year, 2 years, 3 years, and 4 years. A member
shall hold office until the member s successor is appointed. An appointment to fill a
vacancy shall be made by the Mayor for the unexpired term only. Members of the Board
shall serve without compensation, but shall be reimbursed for actual and necessary
expenses. The Chairperson of the Board shall be elected by the Board. The Board shall
adopt bylaws governing its procedures subject to the approval of the City Council.
7. Powers of Authority. Except as specifically otherwise provided in this resolution, the
Authority shall have all powers provided by law subject to the limitations imposed by law
and herein.
8. Fiscal Year: Adoption of Budget. The fiscal year of the Authority shall begin on July 1 st
of each year and end on June 30th, or such other fiscal year as may hereafter be
adopted by the City Council. The Board shall prepare annually a budget and shall submit
it to the City Council for approval in the manner and at the time, and which budget shall
contain the information, required of municipal departments. The Board shall not finally
adopt a budget for any fiscal year until the budget has been approved by the City
Council. The Authority shall submit financial reports to the City Council at the some time
and on the same basis as departments of the City are required to submit reports. The
Authority shall be audited annually by the same independent auditors auditing the City
and copies of the audit report shall be filed with the City Council.
9. Section Headings: Severability. Section headings are provided for convenience only
and are not intended to be part of this resolution. If any portion of this resolution shall be
held to be unlawful, the remaining portions shall remain in full force and effect.
10. Publication. Recording and Filing. This resolution shall be published once after its
adoption in full in a newspaper of general circulation in the City of Lansing, and the City
Clerk shall file a certified copy of the resolution with the Michigan Secretary of State
promptly after its adoption.
Appendix D :
Powers of Authority
Powers of the Authority
Detailed powers of the Corridor Improvement Authority board are listed below per 125.4611
section 611 of PA 57:
(a) Prepare an analysis of economic changes taking place in the development area.
(b) Study and analyze the impact of metropolitan growth upon the development area.
(c) Plan and propose the construction, renovation, repair, remodeling, rehabilitation, restoration,
preservation, or reconstruction of a public facility, an existing building, or a multiple-family
dwelling unit which may be necessary or appropriate to the execution of a plan which, in the
opinion of the board, aids in the economic growth of the development area.
(d) Plan, propose, and implement an improvement to a public facility within the development area
to comply 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.
(e) Develop long-range plans, in cooperation with the agency that is chiefly responsible for
planning in the municipality, designed to halt the deterioration of property values in the
development area and to promote the economic growth of the development area, and take steps
as may be necessary to persuade property owners to implement the plans to the fullest extent
possible.
(f) Implement any plan of development in the development area necessary to achieve the
purposes of this act in accordance with the powers of the authority granted by this act.
(g) Make and enter into contracts necessary or incidental to the exercise of its powers and the
performance of its duties.
(h) On terms and conditions and in a manner and for consideration the authority considers proper
or for no consideration, acquire by purchase or otherwise, or own, convey, or otherwise dispose
of, or lease as lessor or lessee, land and other property, real or personal, or rights or interests in
the property, that the authority determines is reasonably necessary to achieve the purposes of
this act, and to grant or acquire licenses, easements, and options.
(i) Improve land and construct, reconstruct, rehabilitate, restore and preserve, equip, improve,
maintain, repair, and operate any building, including multiple-family dwellings, and any necessary
or desirable appurtenances to those buildings, within the development area for the use, in whole
or in part, of any public or private person or corporation, or a combination thereof.
(j) Fix, charge, and collect fees, rents, and charges for the use of any facility, building, or property
under its control or any part of the facility, building, or property, and pledge the fees, rents, and
charges for the payment of revenue bonds issued by the authority.
(k) Lease, in whole or in part, any facility, building, or property under its control.
(1) Accept grants and donations of property, labor, or other things of value from a public or private
source.
(m) Acquire and construct public facilities.
(n) Conduct market research and public relations campaigns, develop, coordinate, and conduct
retail and institutional promotions, and sponsor special events and related activities.
(o) Contract for broadband service and wireless technology service in a development area.
(2) Notwithstanding any other provision of this act, in a qualified development area the board may,
in addition to the powers enumerated in subsection (1), do 1 or more of the following:
(a) Perform any necessary or desirable site improvements to the land, including, but not limited
to, installation of temporary or permanent utilities,temporary or permanent roads and driveways,
silt fences, perimeter construction fences, curbs and gutters, sidewalks, pavement markings,
water systems, gas distribution lines, concrete, including, but not limited to, building pads, storm
drainage systems, sanitary sewer systems, parking lot paving and light fixtures, electrical service,
communications systems, including broadband and high-speed internet, site signage, and
excavation, backfill, grading of site, landscaping and irrigation, within the development area for
the use, in whole or in part, of any public or private person or business entity, or a combination of
these.
(b) Incur expenses and expend funds to pay or reimburse a public or private person for costs
associated with any of the improvements described in subdivision (a).
(c) Make and enter into financing arrangements with a public or private person for the purposes
of implementing the board's powers described in this section, including, but not limited to, lease
purchase agreements, land contracts, installment sales agreements, sale leaseback agreements,
and loan agreements.
Appendix E :
Appointed Members to the MACIA Board
Michigan Avenue Corridor Improvement Authority: Joan M. Nelson as a Member for a term to expire
June 30, 2022;
RESOLUTION#2018-302
Reappointment:Joseph Ruth as a Member for a term to expire June 30, 2022;
RESOLUTION#2018-302
Reappointment:Jonathan Lum as a Resident Member for a term to expire June 30, 2020;
RESOLUTION#2018-209
BY THE COMMITTEE ON DEVELOPMENT& PLANNING RESOLVED BY THE CITY COUNCIL OF THE CITY OF
LANSING
WHEREAS,the Mayor made the appointment of Yvette Collins of 312 Midvale, Lansing, MI 48912 as a
Member of the Michigan Avenue Corridor Improvement Authority for a term to expire June 30, 2021;
and
WHEREAS,the nominee has been vetted by the Mayor's Office and meets the qualifications as required
by the City Charter; and
WHEREAS,the Committee on Development& Planning met on August 6, 2018 and took affirmative
action;
NOW,THEREFORE, BE IT RESOLVED that the Lansing City Council, hereby, confirms the appointment of
Yvette Collins of 312 Midvale, Lansing, MI 48912 as a Member of the Michigan Avenue Corridor
Improvement Authority for a term to expire June 30, 2021.
By Council Member Hussain
Motion Carried
RESOLUTION#2018-122
BY THE COMMITTEE ON DEVELOPMENT& PLANNING RESOLVED BY THE CITY COUNCIL OF THE CITY OF
LANSING
WHEREAS,the Mayor made the appointment of Elaine M. Barr of 519 S.Jenison Avenue, Lansing, MI
48915 as a Member of the Michigan Avenue Corridor Improvement Authority for a term to expire June
30, 2019; and
WHEREAS,the nominee has been vetted by the Mayor's Office and meets the qualifications as required
by the City Charter; and
WHEREAS,the Committee on Development& Planning took affirmative action;
NOW,THEREFORE, BE IT RESOLVED that the Lansing City Council, hereby, confirms the appointment of
Elaine M. Barr of 519 S.Jenison Avenue, Lansing, MI 48915 as a Member of the Michigan Avenue
Corridor Improvement Authority for a term to expire June 30, 2019.
By Council Member Hussain
Motion Carried
City Clerk Swope administered the Oath of Office to Elaine M. Barr
RESOLUTION#2017-204
Reappointment: Scott Gillespie for a term to expire June 30, 2021
Appendix F :
MACIA Bylaws
BYLAWS OF THE MICHIGAN AVENUE CORRIDOR IMPROVEMENT AUTHORITY
OF THE CITY OF LANSING
Rev: January 16, 2019
ARTICLE I - NAME
The name of this Authority is the Michigan Avenue Corridor Improvement Authority of the City of Lansing.
ARTICLE II - PURPOSE
The purpose of the Authority is to carry out those purposes and exercise those powers as conferred upon
it by State of Michigan's Corridor Improvement Authority Act, Act 57 of 2018 (Formerly known as Act 280
of the Michigan Public Acts of 2005) as amended ("the Act"). The Authority shall be a public body corporate
and shall have all the powers which now or hereafter may be conferred by law on authorities organized
under the Act. These Bylaws are adopted as the Authority's rules governing procedure and holding regular
meetings, in accordance with the Act.
ARTICLE III - AUTHORITY BOARD OF DIRECTORS
Section 1. Authority Board. The Authority shall be under the supervision and control of a board
consisting of seven members appointed by the Mayor of the City of Lansing subject to the
approval of City Council. The board will also include the Mayor or a Mayoral Assignee. Not
less than a majority of the members shall be persons having an ownership or business
interest in property located in the Corridor Improvement Authority development area. At least
one of the members shall be a resident of the development area or of an area within one-half
mile of any part of the development area.
Section 2. Terms, Replacement, and Vacancies. Of the initial seven members appointed, one term
shall expire on June 30, 2016, two terms shall expire on June 30, 2017, two terms shall expire
on June 30, 2018, and two terms shall expire on June 30, 2019. Thereafter, each member
appointed shall serve for a term of four years. A member shall hold office until the member's
successor is appointed. An appointment to fill a vacancy shall be made by the Mayor for the
unexpired term only. Before assuming the duties of office, a member shall qualify by taking
and subscribing to the constitutional oath of office.
Section 3. Removal. A member of the Board may be removed for cause by the City Council after having
been given notice and an opportunity to be heard.
ARTICLE IV - OFFICERS
Section 1. Officers. The officers of the Authority Board shall be a chairperson, a vice chairperson, a
treasurer, and a recording secretary. All officers shall be members of the Authority Board,
with the exception of the recording secretary who may, but need not be, a member of the
Authority Board.
Section 2. Removal of Officers. An officer may be removed by the Authority Board whenever, in its
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judgment, the best interest of the Authority Board will be served.
Section 3. Chairperson. The chairperson shall preside at all meetings of the Authority Board and shall
discharge the duties as a presiding officer.
Section 4. Vice Chairperson. In the absence of the chairperson or in the event of inability to serve as
chairperson, the vice chairperson shall perform the duties of the chairperson and when so
acting, shall have all the powers and be subject to all the restrictions of the chairperson.
Section 5. Treasurer. The treasurer shall prepare, with the assistance of appropriate staff, an annual
financial report covering the fiscal year of the Authority. The fiscal year of the Authority shall
be July 1 to June 30. An annual audit will be made each year. The treasurer shall provide a
bond if necessary, in the amount prescribed by the Authority Board.
Section 6. Recording Secretary. The recording secretary, if not a member of the Authority Board,
shall be a designee of the Authority Board. The recording secretary shall attend all meetings
of the Authority Board and with the assistance of appropriate staff record all votes and the
minutes of all proceedings, to be maintained for future reference. The recording secretary
shall give, or cause to be given, notice of all meetings of the Authority Board, as required by
law or these bylaws, and shall perform such other duties as may be prescribed by the
Authority Board. The recording secretary shall, when authorized by the Authority Board,
attest by signature to actions of the Authority Board, and shall maintain custody of the official
seal, and of the records, books and all documents of the Authority.
Section 7. Delegation of Duties of Officers. In the absence of any officer of the Authority Board due to
resignation or removal, the Authority Board may delegate the powers and duties of any officer
to any Authority Board member provided a majority of a quorum of the Authority Board
concurs therein.
Section 8. Election of Officers. Nominations shall be made from the floor at the annual meeting in
January or at the initial meeting of the Authority Board. Officers shall be elected by ballot. The
terms of office shall be for one year and begin at the close of the annual meeting at which
they are elected, or until his or her successor shall be elected and qualified. No member shall
hold more than one office at a time.
ARTICLE V - EMPLOYMENT OF DIRECTOR
The Authority Board may employ and fix compensation of a director subject to approval of the City
Council. A member of the Board is not eligible to hold the position of Director. Before beginning his or her
duties, the Director shall subscribe to the constitutional oath and furnish a bond as required by section
609 of Act 57 of 2018. The Director shall be the chief executive officer of the Authority. The Director shall
serve at the pleasure of the Authority Board.
ARTICLE VI - MEETINGS
Section 1. Organizational Meeting and Election of Officers. Officers shall be elected at the first
organizational meeting of the Authority Board after the adoption of the Bylaws and shall be
appointed thereafter pursuant to Article VI - Section 2.
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Section 2. Annual Meeting. Starting in the year 2019, an annual meeting shall be held in January at
a time and place to be set by the Authority Board. Election of officers shall occur at the annual
meeting. If the election of officers does not occur on the day designated or any adjournment
thereof, the Authority Board shall cause the election to be held at a regular or special meeting
of the Authority Board within 90 days of the annual meeting.
Section 3. Regular Meetings. Regular meetings of the Authority Board shall be held at a time and place
to be set by the Authority Board at its annual meeting. Notice of regular meetings shall be
published in accordance with the Michigan Open Meetings Act, Act 267 of the Public Acts of
1976, as amended. The Authority Board records shall be open to the public.
Section 4. Special Meetings. Special meetings of the Authority Board may be called by the
chairperson, the vice chairperson in the absence of the chairperson, or by any three Authority
members by giving 24 hours' notice of the meeting to other board members, stating the
purpose of the meeting, and by posting sufficient public notice in accordance with the
Michigan Open Meetings Act.
Section 5. Notice of Meetings. All meetings other than regularly scheduled meetings shall be preceded
by public notice posted 18 hours prior to the meeting in accordance with the Michigan Open
Meetings Act.
Section 6 Agenda and Minutes. The recording secretary together with appropriate staff shall prepare
the agendas for all regular meetings and send them to the Authority Board members at least
24 hours prior to the meeting. Any member of the Authority Board may request any item to
be placed on the agenda. Minutes of all meetings shall be prepared and kept in accordance
with the Michigan Open Meetings Act. Proposed Minutes of a meeting shall be made available
to the public no more than 8 days after the meeting. The Board shall vote to approve or amend
and approve minutes from any prior meeting, at the next regular meeting.
Section 7 Quorum and Voting. A quorum shall constitute a majority of the Authority Board members
appointed and serving at the time. A majority vote of a quorum of the Authority Board shall
constitute the action of the Authority Board unless the vote of a larger number is required by
statute, or elsewhere in these rules. In the event that effective membership is reduced
because of a conflict of interest, a majority of the remaining members eligible to vote shall
constitute the action of the Authority Board.
Section 8 Rules of Order. Robert's Rules of Order will govern the conduct of all meetings.
Section 9 Open and Closed Meetings. All regular and special meetings of the Authority Board shall
be open to the public, and each agenda shall include a time for public comment. Closed
meetings of the Authority Board may be called for the purposes listed in the Michigan Open
Meetings Act, if approved by the Authority.
Section 10 Conflict of Interest. An Authority Board member who has a direct conflict of interest of more
than a de minimis nature as defined by MCL 15.322 and 15.323 in any matter before the
Authority Board shall disclose that interest prior to the Authority Board taking any action with
respect to the matter. This disclosure shall become part of the record of the Authority Board's
official proceedings. Any member making such disclosure shall, with the approval of the
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Authority Board, refrain from participating in the Authority Board's decision-making process,
to include all discussions, motions made and votes taken, relative to such matters, unless
required by law. In addition, an Authority Board member shall be subject to the conflict of
interest provisions of section 5-505 of the Lansing City Charter and the Ethics Ordinance in
Part 2, Title 10, Chapter 290 of the Lansing Codified Ordinances.
Section 11 Mandatory Voting. Except when a member is excused from participating on a matter by
the chair because of a disclosed conflict of interest, all members present shall vote on all
matters before the Authority Board.
Section 12 Physical Presence Required. Members may not be counted as in attendance and may
not vote unless they are physically present at the meeting. Members may not send a proxy
to a meeting, and members may not vote by proxy.
ARTICLE VII - EXECUTIVE COMMITTEE
The officers of the Authority Board, including chairperson, vice chairperson, treasurer, and recording
secretary, shall constitute the executive committee. The executive committee shall have general supervision
of the affairs of the Authority Board between its business meetings, fix the hours and place of meetings,
make recommendations to the Authority Board, and shall perform such other duties as specified in these
Bylaws or as may be specified by the Authority Board.
ARTICLE VIII - AUTHORITY BOARD COMMITTEES AND ADVISORY COMMITTEES
Section 1 Authority Board Committees. The Authority Board, by resolution, may designate and
appoint one or more committees to advise the Authority Board. Committee members shall be
members of the Authority Board. The chairperson of the Authority Board shall appoint the
members and select the chairperson of the Authority Board committees. The committees may
be terminated by vote of the Authority Board. At the annual meeting, the committees will be
evaluated and reappointed or dissolved. A majority of the committee will constitute a quorum.
A majority of the members present at the meeting at which a quorum is present shall be the
action of the committee.
Section 2 Advisory Committees. The Authority Board may, by resolution, authorize the
establishment of advisory committees to the Authority Board. The chairperson shall select,
with the advice and consent of the Authority Board members, the members of each advisory
committee. The advisory committees shall elect their own officers and establish rules
governing their action.
ARTICLE IX - INDEMNIFICATION
Section 1 Indemnification and Defense. Matters involving a claim or civil action against any officer
or employee of the Authority, while acting within the scope of their authority, are subject to
the Government Liability for Negligence Act, Act 170 of the Public Acts of 1964, as amended.
Section 2. Reimbursement. Any action by the Authority Board on behalf of an officer or employee
under Section 1 shall be made by the Authority Board only as authorized in the specific case
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upon a determination that such action is appropriate. Such determination shall be made in
either of the following ways:
1. By a majority vote of the members of the Authority Board who were not parties to such
claim, action, suit or proceedings, or
2. If such quorum is not obtainable, or even if obtainable, a quorum of disinterested
members so directs, supported by the recommendation of legal counsel in a written
opinion.
Section 3. Insurance. The Authority Board may purchase and maintain insurance on behalf of any
person who is or was an officer or employee of the Authority against any liability asserted
against the officer or employee and incurred by them in any such capacity or arising out of
their status as such.
ARTICLE X -AMENDMENTS OF BYLAWS
These Bylaws may be amended at any regular meeting of the Authority Board by a majority vote of a
quorum, provided that the amendment has been submitted in writing at the previous regular meeting;
provided, however, that no such amendment shall take effect until approved by resolution of the City
Council.
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Adopted: danu,ar 25�, 2019
1 ze,,�
C/irperson Secretary
The foregoing bylaws of the Michigan Avenue Corridor Improvement Authority of the City of Lansing
were approved by resolution of the Lansing City Council duly adopted at a regular meeting of the Council
held pursuant to statutory notice on the day of 2019.
City Clerk
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Appendix G :
List of Affected Properties by Parcel
Identification Number
Parcel Number Property Address Class
33-01-01-15-403-002 1300 EUREKA ST 201
33-01-01-15-426-401 1520 E MICHIGAN AVE 201
33-01-01-15-304-152 920 E MICHIGAN AVE 201
33-01-01-14-153-201 2201 E MICHIGAN AVE 201
33-01-01-14-156-126 2033 E MICHIGAN AVE 201
33-01-01-15-429-002 1800 E MICHIGAN AVE 201
33-01-01-15-426-391 1522 E MICHIGAN AVE 201
33-01-01-15-279-083 1605 E MICHIGAN AVE 201
33-01-01-14-176-122 2401 E MICHIGAN AVE 201
33-01-01-15-426-001 1500 E MICHIGAN AVE 201
33-01-01-14-301-031 1918 E MICHIGAN AVE 201
33-01-01-15-280-121 1825 E MICHIGAN AVE 201
33-01-01-14-305-001 2300 E MICHIGAN AVE 201
33-01-01-15-280-081 1723 E MICHIGAN AVE 201
33-01-01-14-156-101 2017 E MICHIGAN AVE 201
33-01-01-15-304-071 915 EUREKA ST 201
33-01-01-14-154-202 2305 E MICHIGAN AVE 201
33-01-01-15-401-271 1426 E MICHIGAN AVE 201
33-01-01-15-304-061 913 EUREKA ST 201
33-01-01-14-154-191 2301 E MICHIGAN AVE 201
33-01-01-15-281-071 1909 E MICHIGAN AVE 201
33-01-01-15-426-451 1504 E MICHIGAN AVE 201
33-01-01-15-429-631 1810 E MICHIGAN AVE 201
33-01-01-15-429-621 1816 E MICHIGAN AVE 201
33-01-01-14-176-152 2419 E MICHIGAN AVE 201
33-01-01-14-305-411 2312 E MICHIGAN AVE 201
33-01-01-14-304-001 2200 E MICHIGAN AVE 201
33-01-01-15-402-192 1452 E MICHIGAN AVE 201
33-01-01-15-281-061 1905 E MICHIGAN AVE 201
33-01-01-15-304-133 930 E MICHIGAN AVE 201
33-01-01-15-427-001 1600 E MICHIGAN AVE 201
33-01-01-14-327-451 2522 E MICHIGAN AVE 201
33-01-01-14-305-401 2316 E MICHIGAN AVE 201
33-01-01-15-428-125 1720 E MICHIGAN AVE 201
33-01-01-15-329-201 1022 EUREKA ST 201
33-01-01-14-305-391 2320 E MICHIGAN AVE 201
33-01-01-15-428-161 1706 E MICHIGAN AVE 201
33-01-01-15-401-253 1430 E MICHIGAN AVE 201
33-01-01-15-428-131 1716 E MICHIGAN AVE 201
33-01-01-14-179-092 2607 E MICHIGAN AVE 201
33-01-01-14-304-381 114 S HAYFORD AVE 201
33-01-01-14-301-021 1914 E MICHIGAN AVE 201
33-01-01-14-152-181 2121 E MICHIGAN AVE 201
33-01-01-14-177-221 2515 E MICHIGAN AVE 201
33-01-01-14-305-422 2306 E MICHIGAN AVE 201
33-01-01-15-280-091 1805 E MICHIGAN AVE 201
33-01-01-15-429-641 1806 E MICHIGAN AVE 201
33-01-01-15-259-151 1447 E MICHIGAN AVE 201
33-01-01-14-156-111 2019 E MICHIGAN AVE 201
33-01-01-14-156-071 2001 E MICHIGAN AVE 201
33-01-01-14-154-221 2311 E MICHIGAN AVE 201
33-01-01-15-429-602 1824 E MICHIGAN AVE 201
33-01-01-14-176-141 2409 E MICHIGAN AVE 201
33-01-01-15-281-082 1915 E MICHIGAN AVE 201
33-01-01-14-179-102 2615 E MICHIGAN AVE 201
33-01-01-14-301-001 1910 E MICHIGAN AVE 201
33-01-01-14-326-421 2418 E MICHIGAN AVE 201
33-01-01-15-259-101 1427 E MICHIGAN AVE 201
33-01-01-15-430-021 131 REGENT ST 201
33-01-01-14-176-132 2405 E MICHIGAN AVE 201
33-01-01-14-304-411 2208 E MICHIGAN AVE 201
33-01-01-13-151-014 3335 E MICHIGAN AVE 201
33-01-01-15-430-011 125 REGENT ST 201
33-01-01-14-154-231 2323 E MICHIGAN AVE 201
33-01-01-15-428-002 1700 E MICHIGAN AVE 201
33-01-01-15-427-591 1606 E MICHIGAN AVE 201
33-01-01-14-156-092 2011 E MICHIGAN AVE 201
33-01-01-14-177-231 2521 E MICHIGAN AVE 201
33-01-01-15-281-051 1901 E MICHIGAN AVE 201
33-01-01-14-155-052 1923 E MICHIGAN AVE 201
33-01-01-15-303-012 117 S HOSMER ST 201
33-01-01-14-156-082 2005 E MICHIGAN AVE 201
33-01-01-14-177-202 2511 E MICHIGAN AVE 201
33-01-01-14-156-122 2021 E MICHIGAN AVE 201
33-01-01-14-152-171 2101 E MICHIGAN AVE 201
33-01-01-15-401-282 1420 E MICHIGAN AVE 201
33-01-01-15-326-083 1026 E MICHIGAN AVE 201
33-01-01-15-402-182 1456 E MICHIGAN AVE 201
33-01-01-14-326-001 2400 E MICHIGAN AVE 201
33-01-01-15-279-042 1601 E MICHIGAN AVE 201
33-01-01-14-303-441 2116 E MICHIGAN AVE 201
33-01-01-14-256-102 203 N CLIPPERT ST 201
33-01-01-14-327-462 2510 E MICHIGAN AVE 201
33-01-01-15-402-003 1438 E MICHIGAN AVE 201
33-01-01-15-259-073 1417 E MICHIGAN AVE 201
33-01-01-15-304-161 912 E MICHIGAN AVE 201
33-01-01-15-430-001 1908 E MICHIGAN AVE 201
33-01-01-15-153-091 815 JEROME ST 201
33-01-01-15-427-562 1620 E MICHIGAN AVE 201
33-01-01-15-259-122 1433 E MICHIGAN AVE 201
33-01-01-15-280-071 1717 E MICHIGAN AVE 201
33-01-01-15-302-322 108 S HOSMER ST 201
33-01-01-15-155-045 809 E MICHIGAN AVE 201
33-01-01-14-256-080 125 N CLIPPERT ST 201
33-01-01-15-280-042 1703 E MICHIGAN AVE 201
33-01-01-15-258-092 1309 E MICHIGAN AVE 201
33-01-01-14-256-042 200 N HOMER ST 201
33-01-01-15-304-001 900 E MICHIGAN AVE 201
33-01-01-15-301-012 720 E MICHIGAN AVE 201
33-01-01-13-151-038 3315 E MICHIGAN AVE 201
33-01-01-15-401-003 1322 E MICHIGAN AVE 201
33-01-01-14-256-064 3003 E MICHIGAN AVE 201
33-01-01-15-401-303 1400 E MICHIGAN AVE 201
33-01-01-13-151-002 3301 E MICHIGAN AVE 201
33-01-01-14-226-021 3131 E MICHIGAN AVE 201
33-01-01-13-151-023 3433 E MICHIGAN AVE 201
33-01-01-15-151-032 735 E MICHIGAN AVE 201
33-01-01-14-178-232 2801 E MICHIGAN AVE 201
33-01-01-14-226-031 3165 E MICHIGAN AVE 201
33-01-01-14-302-001 2000 E MICHIGAN AVE 201
33-01-01-14-302-392 2020 E MICHIGAN AVE 201
33-01-01-14-302-411 2016 E MICHIGAN AVE 201
33-01-01-14-302-421 2012 E MICHIGAN AVE 201
33-01-01-14-302-431 2010 E MICHIGAN AVE 201
33-01-01-14-302-441 2006 E MICHIGAN AVE 201
33-01-01-14-302-451 2004 E MICHIGAN AVE 201
33-01-01-14-302-461 2002 E MICHIGAN AVE 201
33-01-01-14-304-391 2224 E MICHIGAN AVE 201
33-01-01-14-304-401 2216 E MICHIGAN AVE 201
33-01-01-15-279-091 1621 E MICHIGAN AVE 201
33-01-01-15-303-121 S EIGHTH ST 202
33-01-01-14-305-381 S FOSTER AVE 202
33-01-01-14-303-002 E MICHIGAN AVE 202
33-01-01-14-303-431 S MAGNOLIA AVE 202
33-01-01-14-303-462 E MICHIGAN AVE 202
33-01-01-15-428-122 LESLIE ST 202
33-01-01-14-301-011 E MICHIGAN AVE 202
33-01-01-15-281-041 HORTON AVE 202
33-01-01-14-302-012 S CLEMENS AVE 202
33-01-01-14-302-352 S FAIRVIEW AVE 202
33-01-01-14-327-442 S MIFFLIN AVE 202
33-01-01-15-280-101 1809 E MICHIGAN AVE 202
33-01-01-15-280-111 1815 E MICHIGAN AVE 202
33-01-01-15-303-141 E MICHIGAN AVE 202
33-01-01-14-303-451 E MICHIGAN AVE 202
33-01-01-15-259-052 E MICHIGAN AVE 202
33-01-01-15-155-002 800 JEROME ST 202
33-01-01-14-256-071 E MICHIGAN AVE 202
33-01-01-13-151-034 FRIENDSHIP CIRCLE 202
33-01-01-14-178-241 2827 E MICHIGAN AVE 202
33-01-01-14-179-133 E MICHIGAN AVE 202
33-01-01-15-326-801 1004 E MICHIGAN AVE 210
Appendix H :
MACIA District Map — Parcels included
within Michigan Avenue Corridor
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Appendix I :
Projections and Taxing Jurisdiction Impact
Tables
City of Lansing-Michigan Avenue Corridor Improvement Authority:Tax Increment Revenue Projections
Corridor Parcels Taxable Value= 22,047,037 Updated 8/16/2019
2019
Local Capture Detail-Breakdown by Taxing Entity Local Capture Detail-Breakdown by Taxing Entity
All IN
Value with City of Capital Area Annual Non- City of City of Lansing Ingham County Ingham County
Inflation- Lansing District All in: School Tax Lansing Lansing Community Ingham CCRA Zoo 9.6573 Mills 9.6573 Mills City of
0.75%growth 19.4400 Library Non-School Tax Capture 19.4400 Library College CATA County .699000 0.41 (80*/d20%Rev. (900/d10%Rev. Lansing+
Date Baseline Value rate Increment Mills 1.56000 City capture only Capture Millage Available Mills 1.5600 3.8072 Mills 3.0070 Mills 9.6573 Mills Mills Mills Sharing) Sharing) County
2019 22,047,037 22,047,037 0 0 0 0 38.5805 0 0 0 0 0 01 0 0 0 0 0
20201 22,047,037 22,212,3901 165,353 3,214 2581 3,472 38.5805 6,379 3,214 258 630 497 1,5971 116 681 1,277 1,437 4,811
2021 22 047 037 22,378,9831 331,946 6,453 518 6,971 38.5805 12,807 6,453 518 1,264 998 3,206 232 136 2,565 2,885 9,659
2022 22 047,037 22 546,825 499,788 9,716 780 10,496 38.5805 19,282 9,716 780 1,903 1,503 4,827 349 205 3,861 4,344 14,542
2023 22,047,037 22,715,926 668,889 13,003 1,043 14,047 38.5805 25,806 13,003 1,043 2,547 2,011 6,460 468 274 5,168 5,814 19,463
2024 22 047,037 22 886,296 839,259 16,315 1,309 17,624 38.5805 32,379 16,315 1,309 3,195 2,524 8,105 587 344 6,484 7,294 24,420
2025 22,047,037 23,057,943 1,010,906 19,652 1,577 21,229 38.5805 39,001 19,652 1,577 3,849 3,040 9,763 707 414 7,810 8,786 29,415
2026 22 047,037 23 230,877 1,183,840 23,014 1,847 24,861 38.5805 45,6731 23,014 1,847 4,507 3,560 11,433 828 485 9,1461 10,289 34,447
2027 22,047,037 23,405,109 1,358,072 26,4011 2,119 28,526 38.5805 52.3951 26,401 2,119 5,170 4,084 13,115 949 557 10,492 11,804 39,516
20281 22 047,037 23 580,647 1,533,610 29,8131 2,392 32,206 38.5805 59,1671 29,813 2,392 5,839 4,612 14,811 1,0721 629 11,848 13,329 44,624
2029 22 047 037 23,757,502 1,710,465 33,2511 2,668 35,920 38.5805 65.9911 33,251 2,668 6,512 5,143 16,518 1,196 701 13,215 14,867 49,770
2030 22 047,037 23 935,684 1,888,647 36,715 2,946 39,662 38.5805 72,865 36,715 2,946 7,190 5,679 18,239 1,320 774 14,591 16,415 54,955
2031 22,047,037 24,115,201 2,068,164 40,205 3,226 43,431 38.5805 79,791 40,205 3,226 7,874 6,219 19,973 1,446 848 15,978 17,976 60,178
2032 22,047,037 24,296,065 2,249,028 43,721 3,508 47,230 38.5805 86,769 43,721 3,508 8,562 6,763 21,720 1,572 922 17,376 19,548 65,441
2033 22,047,037 24,478,286 2,431,249 47,263 3 793 51,056 38.5805 93,799 47 263 3,793 9,256 7,311 23,479 1,699 997 18,783 21 131 70,743
2034 22,047,037 24,661,873 2,614,836 50,832 4,079 54 912 38.5805 100,882 50 832 4 079 9 955 7,863 25,252 1 828 1 072 20 202 22 727 76 085
399,571 32,064 431,635 792,986 399,571 32,064 78,253 61,806 198,497 14,367 8,427 158,797 178,647 598,067
Discount rate 0.04 Discount rate 0.04
NPV= 290,239 NPV= 533,218
Local Capture Detail-Breakdown by Taxing Entity Local Capture Detail-Breakdown by Taxing Entity
All IN
Value with City of Capital Area Annual Non- City of City of Lansing Ingham County Ingham County
Inflation- Lansing District All in: School Tax Lansing Lansing Community Ingham CCRA Zoo 9.6573 Mills 9.6573 Mills City of
1.00%growth 19.4400 Library Non-School Tax Capture 19.4400 Library College CATA County .699000 0.41 (801/6120%Rev. (901/6110%Rev. Lansing+
Date Baseline Value rate Increment Mills 1.56000 City capture only Capture Millage Available Mills 1.5600 3.8072 Mills 3.0070 Mills 9.6573 Mills Mills Mills Sharing) Sharing) County
2019 22,047,037 22,047,037 0 0 0 0 38.5805 0 0 0 0 0 0 0 0 0 0 0
2020 22,047,037 22,267,507 220,470 4,286 344 4,630 38.5805 8,506, 4,286 344 839 663 2,129 154 90 1,703, 1,916 6,415
20211 22,047,037 22,490,182 443,145 8,615 691 9,306 38.5805 17,097 8,615 691 1,6871 1,333 4,280 3101 182 3,424 3,852 12,894
2022 22,047,037 22,715,084 668,047 12,987 1,042 14,029 38.5805 25,774 12,987 1,042 2,543 2,009 6,452 467 274 5 161 5,806 19,438
2023 22,047,037 22,942,235 895,198 17,403 1,397 18,799 38.5805 34,537 17,403 1,397 3,408 2,692 8,645 626 367 6,916 7,781 26,048
2024 22,047,037 23,171,657 1,124,620 21,863 1,754 23,617 38.5805 43 388 21,863 1,754 4,282 3,382 10,861 786 461 8,689 9,775 32,723
2025 22,047,037 23,403,374 1,356,337 26,367 2,116 28,483 38.5805 52,328 26,367 2,116 5,164 4,079 13,099 948 556 10,479 11,789 39,466
2026 22,047,037 23,637,408 1,590,371 30,9171 2,481 33,398 38.5805 61 357 30,917 2,481 6,055 4,782 15,359 1,112 652 12 287 13,823 46,275
2027 22,047,037 23,873,782 1,826,745 35,5121 2,8501 38,362 38.5805 70,477 35,512 2,850 6,955 5,493 17,641 1,277 749 14,113 15,877 53,153
2028 22,047,037 24,112,520 2,065,483 40,153 3,222 43,375 38.5805 79,6871 40,153 3,222 1 7,864 6,211 19,947 1,444 847 15,958 17,9521 60,100
20291 22,047,037 24,353,645 2,306,608 44,840 3,598 48,439 38.5805 88,9901 44,840 3,598 8,782 6,936 22,276 1,6121 946 17,820 20,048 67,116
2030 22, 47,037 24,597,181 2,550,144 49,575 3,978 53,553 38.5805 98,386 49,575 3,978 9,709 7,668 24,628 1,783 1,046 19,702 22,165 74,202
2031 22,047,037 24,843,153 2,796,116 54,356 4,362 58,718 38.5805 107,876 54,356 4,362 10,645 8,408 27,003 1,954 1,146 21,602 24,303 81,359
2032 22 047 037 25,091,585 3,044,548 59,186 4,749 63,936 38.5805 117,460 59,186 4,749 11,591 9,155 29,402 2,128 1,248 23,522 26,462 88,588
2033 22,047,037 25,342,501 3295,464 64,064 5141 69205 38.5805 127,141 64,064 5,141 12,546 9,909 31,825 2,304 1,351 25,460 28,643 95889
2034 22,047,0371 25,595,92613,548,889 68,990 5 536 74 527 38.5805 136,918 68,990 5,536 13,511 10 672 34,273 2,481 1,455 27,418 30,845 103,263
539,114 43,262 582,376 1,069,922 539,114 43,262 105,582 83:3911 267,818 19,385 11,3701 214,2541 241,036 806,932
Discount rate 0.04 Discount rate 0.04
NPV= 391,334 NPV= 718,946
Local Capture Detail-Breakdown by Taxing Entity Local Capture Detail-Breakdown by Taxing Entity
All IN
Value with City of Capital Area Annual Non- City of City of Lansing Ingham County Ingham County
Inflation- Lansing District All in: School Tax Lansing Lansing Community Ingham CCRA Zoo 9.6573 Mills 9.6573 Mills City of
1.50%growth 19.4400 Library Non-School Tax Capture 19.4400 Library College CATA County .699000 0.41 (80%I20%Rev. (90%I10%Rev. Lansing+
to Baseline Value j16rate I 1.56000 City capture only g Capture Millage Available Mills 1.5600 3.8072 Mills 3.0070 Mills 9.6573 Mills Mills Mills Sharing) Sharing) County
2019 22,047,037 22,047,037 0 0 0 0 38.5805 0 0 0 0 0 0 0 0 0 0 0
2020 22,047,037 22,377,743 330,706 6,429 516 6,945 38.5805 12,759, 6,429 516 1,259 994 3,194 231 136 2,555, 2,874 9,623
2021 22,047,037 22 713,409 666,372 12,954 1,040 13,994 38.5805 25,709 12,954 1,040 2,5371 2,004 6,435 466 273 5 148 5,792 19,390
2022 22 47,037 23,054,110 1,007,073 19,577 1 571 21,149 38.5805 38,853 19 577 1,571 3,834 3,028 9,726 704 413 11115
780 8 753 29 303
2023 22 047,037 23 399,921 1,352,884 26 300 2 110 28 411 38.5805 52 195 26,300 2,110 5 151 4,068 13 065 946 555 452 11,759 39 365
2024 22 047 037 23,750,920 1,703,883 33 123 2 658 35 782 38.5805 65,737 33,1231 2,658 6 487 5 124 16,455 1,191 699 164 14 809 49,5781
2025 22 047,037 24 107,184 2,060,147 40,049 3,2141 43.263 38.5805 79 482 40 049 3,214 7 843 6 195 19,895 1,440 845 916 17,906 59 945
2026 22 047.037 24 468,792 2,421,755 47,079 3,778 50,857 38.5805 93,433 47,079 3,778 9,220 7,282 23,388 1,693 993 18,710 21,049 70,467
2027 22,047,037 24,835,824 2,788,787 54,214 4,351 58,565 38.5805 107,593 54,214 4,351 10,617 8,386 26,932 1,949 1,143 21,546 24,239 81,146
2028 22 047,037 25 208,361 3,161,324 61,456 4,932 66,388 38.5805 121,965 61,456 4,932 12,036 9,506 30,530 2,210 1,296 24,424 27,477 91,986
2029 22,047,037 25,586,487 3,539,450 68,807 5,522 74,328 38.5805 136,554 68,807 5,522 13,475 10,643 34,182 2,474 1,451 27,345 30,763 102,988
2030 22 047,037 25 970,284 3,923,247 76,268 6,120 82,388 38.5805 151,361 76,268 6,120 14,937 11,797 37,888 2,742 1,609 30,310 34,099 114,156
2031 22,047,037 26,359,838 4,312,801 83,841 6,728 90,569 38.5805 166,390 83,841 6,728 16,420 12,969 41,650 3,015 1,768 33,320 37,485 125,491
2032 22 047,037 26 755,236 4,708,199 91,527 7,345 98,872 38.5805 181,645 91,527 7,345 17,925 14,158 45,468 3,291 1,930 36,375 40,922 136,996
2033 22 047 037 27 156 564 5 109 527 99 329 7,9711 107 300 38.5805 197 128 99 329 7 971 19 453 15 364 49 344 3 572 2 095 39 475 44 410 148 673
2034 22 047,037 27 563,913 5 516 876 107 248 8,606 115,854 38.5805 212,844 107 248 8,606 21 004 16,589 53,278 3 856 2 262 42 622 47,950 160 526
828,2031 1 66,4611 894,664 1,643,646 828,203 66,4611 162,1981 128,1071 411,4301 29,7801 17,4671 329,1441 370,2871 1,239,633
Discount rate 0.04 Discount rate 0.04
NPV= 600,360 1 NPV= 1,102,961
Local Capture Detail-Breakdown by Taxing Entity Local Capture Detail-Breakdown by Taxing Entity
All IN
Value with City of Capital Area Annual Non- City of City of Lansing Ingham County Ingham County
Inflation- Lansing District All in: School Tax Lansing Lansing Community Ingham CCRA Zoo 9.6573 Mills 9.6573 Mills City of
2.25%growth 19.4400 Library Non-School Tax Capture 19.4400 Library College CATA County .699000 0.41 (801/6I20%Rev. (901/6I10%Rev. Lansing+
Date Baseline Value rate Increment Mills 1.56000 City capture only Capture Millage Available Mills 1.5600 3.8072 Mills 3.0070 Mills 9.6573 Mills Mills Mills Sharing) Sharing) County
2019 22,047,037 22,047,037 0 0 0 0 38.5805 0 0 0 0 0 0 0 0 0 0 0
2020 22,047,037 22 543 095 496.058 9,643 774 10,417 38.5805 19,138 9,643 774 1,889 1,492 4,791 347 203 3,832. 4,312 14,434
2021 22 047,037 23 050,315 1,003,278 19,504 1,565 21,069 38.5805 38,707 19,504 1,565 3,820 3,017 9,689 7011 411 7,751 8,720 29,193
2022 22,047,037 23,568,947 1,521,910 29,586 2,374 31,960 38.5805 58,716 29,586 2,374 5,794 4,576 14,698 1,064 624 11,758 13,228 44,283
2023 22 047,037 24 099,248 2,052,211 39,895 3,201 43,096 38.5805 79,175 39,895 3,201 7,813 6,171 19,819 1,434 841 15,855 17,837 59,714
2024 22,047,037 24,641,481 2,594,444 50,436 4,047 54,483 38.5805 100,095 50,436 4,047 9,878 7,801 25,055 1,814 1,064 20,044 22,550 75,491
2025 22,047,037 25,195,915 3,148,878 61,214 4,912 66 126 38.5805 121 485 61,214 4,912 11,988 9,469 30,410 2,201 1,291 24,328 27,369 91,624
2026 22,047,037 25,762,823 3,715,786 72,235 5,797 78,032 38.5805 143,357 72,235 5,797 14,147 11,173 35,884 2,597 1,523 28,708 32,296 108,119
2027 22,047,037 26,342,486 4,295,449 83,5041 6,701 90,204 38.5805 165,721 83,504 6,701 16,354 12,916 41,482 3,003 1 761 33 186 37,334 124,986
20281 22,047,037 26,935,1921 4,888,155 95,026 7,626 102,651 38.5805 188.587 95,026 7.626 18,610 14,699 47.206 3.417 2,004 37.765 1 42,486 142,232
2029 22,047,037 27,541,234 5,494,197 106,807 8,571 115,378 38.5805 211,969 106,807 8,571 20,918 16,521 53,059 3,840 2,253 42,447 47,753 159,866
2030 22,047,037 28,160,912 6,113,875 118,854 9,538 128,391 38.5805 235,876 118,854 9,538 23,277 18,384 59,044 4,274 2,507 47,235 53,139 177,897
2031 22,047,037 28,794,532 6,747,495 131,171 10,526 141,697 38.5805 260,322 131,171 10,526 25,689 20,290 65,163 4,716 2,766 52,130 58,646 196,334
2032 22,047,037 29,442,409 7,395,372 143,766 11 537 155,303 38.5805 285,317 143,766 11,537 28,156 22,238 71,419 5,169 3,032 57,135 64,277 215,185
2033 22,047,037 30,104,864 8,057,827 156,644 12,570 169,214 38.5805 310,875 156,644 12,570 30,678 24,230 77,817 5,632 3,304 62,253 70,035 234,461
2034 22,047,037 30,782,223 8,735,186 169 812 71 183,439, 38.5805 337 008 169 812 13 627 33 257 26 267 84 358 6 106 3 581 67 487 75 922 25411
4 170
1,288,097 103,366 1,391,463 2,556,349 1,288,097 103,366 252,266 199,244 639,894 46,316 27,167 511,915 575,904 1,927,991
Discount rate 04 Discount rate 0.04
NPV= 931,815 NPV= 1,711,899
All-in Non-School Tax Capture Millage Not included in TIF Capture
Taxing Authority Millage Rate Taxing Authority Millage Rate
Lansing Oper 19.4400
Ingham Cnty Sum 6.8000 Lansing Debt 0.2600 2019 Winter
Ingham County 3.2800 Lansing School Debt 4.6000 8.9560
LCC 3.8072 Lansing School Oper 18.0000
CATA 3.0070 Lansing School Sink 2019 Summer
CADL 1.5600 Ingham Intermediate 4.7062 63.6134
Airport Auth/CRAA 0.6990 State Education 6.0000
Zoo Millage 0.4100 2019 Total
39.0032 33.5662 72.5694
County Total
10.0800