ADOPTED - DECEMBER 10, 2002

Agenda Item No. 10

Introduced by the Administrative Services/Personnel and Finance Committees of the:

INGHAM COUNTY BOARD OF COMMISSIONERS

RESOLUTION TO EXEMPT COUNTY PROPERTY TAX REVENUES FROM CAPTURE BY THE LANSING TOWNSHIP DOWNTOWN DEVELOPMENT AUTHORITY

RESOLUTION #02-282

WHEREAS, the Lansing Township Board of Trustees held a public hearing on October 30, 2002, for the purpose of adopting an ordinance creating a Downtown Development Authority (DDA) and establishing the boundaries of the DDA district, which ordinance shall take effect sixty (60) days after the public hearing; and

WHEREAS, Ingham County property tax revenues may be subject to capture by a tax increment financing plan that may be proposed by the Lansing Township DDA and approved by the Lansing Township Board of Trustees; and

WHEREAS, pursuant to MCL 125.1653(3), Ingham County may exempt its property taxes from capture by the Lansing Township DDA by adopting a resolution to that effect within sixty (60) days of the October 30, 2002 public hearing, which resolution takes effect when filed with the Lansing Township Clerk; and

WHEREAS, the resolution exempting Ingham County property taxes from capture by the Lansing Township DDA remains effective until a copy of a resolution rescinding that resolution is filed with the Lansing Township Clerk; and

WHEREAS, pursuant to MCL 125.1664(4), Ingham County intends to enter into agreements with the Lansing Township DDA and the Lansing Township Board of Trustees to share a portion of the captured assessed value of the DDA district; and

WHEREAS, pursuant to Ingham County Board of Commissioners Resolution #95-174, a copy of which is attached and incorporated by reference, it is the policy of Ingham County not to permit the capture of County property tax revenues in any new or amended DDA districts unless the Board of Commissioners has approved a tax sharing agreement with the DDA and the affected municipality, which tax sharing agreement must meet the conditions set forth in Resolution #95-174.

THEREFORE BE IT RESOLVED, that pursuant to MCL 125.1653(3), Ingham County hereby exempts its property taxes from capture by the Lansing Township DDA.

BE IT FURTHER RESOLVED, that this Resolution shall take effect when a copy is filed with the Lansing Township Clerk, and shall remain effective until a copy of a resolution rescinding this Resolution is filed with the Lansing Township Clerk.

BE IT FURTHER RESOLVED, that Ingham County intends to enter into agreements with the Lansing Township DDA and the Lansing Township Board of Trustees to share a portion of the captured assessed value of the DDA district, in conformance with the policies set forth in Resolution #95-174.

ADOPTED - DECEMBER 10, 2002

Agenda Item No. 10

RESOLUTION #02-282

BE IT FURTHER RESOLVED, that upon entry into an agreement with the Lansing Township DDA and the Lansing Township Board of Trustees to share a portion of the captured assessed value of the DDA district, this Resolution may be rescinded, and a copy of the rescinding resolution shall be filed with the Lansing Township Clerk.

ADMINISTRATIVE SERVICES/PERSONNEL: Yeas: Swope, Lynch, De Leon, Celentino Nays: None Absent: Severino Approved 11/19/02

FINANCE: Yeas: Stid, Swope, Krause, Hertel, Schafer

Nays: None Absent: Grebner, Minter Approved 11/20/02