ADOPTED - JUNE 13, 2006
Agenda Item No. 11
Introduced by the County Services and Finance Committees of the:
INGHAM COUNTY BOARD OF COMMISSIONERS
RESOLUTION APPROVING A TAX SHARING AGREEMENT WITH THE CHARTER TOWNSHIP OF MERIDIAN DOWNTOWN DEVELOPMENT DISTRICT
RESOLUTION #06-151
WHEREAS, through Resolution #05-240 the Ingham County Board of Commissioners has determined that it will not permit the capture of its property taxes within the newly created DDA District of the Charter Township of Meridian until such time as a tax sharing agreement that meets the conditions of Resolution #05-094 is approved by the Board of Commissioners; and
WHEREAS, the Economic Development Corporation has received and reviewed a proposed tax sharing agreement from the Charter Township of Meridian and its Downtown Development Authority; and
WHEREAS, through adoption of Resolution #95-094, the Board of Commissioners has adopted a policy which provides that, to the extent provided by law, Ingham County will not permit the capture of its property tax revenues unless a tax sharing agreement has been approved; and
WHEREAS, the Economic Development Corporation finds that the proposed agreement meets the County Commissioners policy requirements outlined in resolution #05-094 and recommends approval of the proposed Tax Sharing Agreement with the Meridian Township DDA.
THEREFORE BE IT RESOLVED, that the Board of Commissioners authorizes a tax sharing agreement with the Charter Township of Meridian and its DDA which will allow the capture of county property taxes from the Downtown Development District created in 2006 based on the following conditions:
C The proposal outlines specific public infrastructure projects including street lighting, landscape and greenbelt improvements in public areas, utilities burials, streetscape enhancements, water and sanitary sewer improvements, and parking improvements that are directly related to economic growth within that DDA district.
C The proposal is limited to a specific maximum dollar amount of $251,181 over a twenty year period, from 2006 through 2026, and the Township allows for the capture and expenditure of its own taxes in that district for the same time.
C Any excess collections must be returned to the County Treasurer annually and the Meridian Township DDA must provide the County with annual reports on the expenditures of tax capture on the specific projects outlined in the proposal.
BE IT FUTHER RESOLVED, that Resolution #05-240, insofar as it provides for Ingham County to opt out of the capture of its property taxes in the DDA District of the Township of Meridian, is hereby rescinded if an agreement as noted above is executed between the parties.
BE IT FURTHER RESOLVED, that the Board Chairperson and County Clerk are authorized to sign said agreement upon the recommendation of the County Controller and approval of the contract as to form by the County Attorney.
ADOPTED - JUNE 13, 2006
Agenda Item No. 11
RESOLUTION #06-151
BE IT FURTHER RESOLVED, that the County Clerk is directed to send a copy of this resolution to the Charter Township of Meridian and to the Meridian Downtown Development Authority.
COUNTY SERVICES: Yeas: De Leon, Holman, Copedge, Severino
Nays: None Absent: Schor, Vickers Approved 6/6/06
FINANCE: Yeas: Hertel, Grebner, Dedden, Weatherwax-Grant, Dougan
Nays: None Absent: Thomas Approved 6/7/06