Volunteer position, Member, Downtown Development Authority (DDA). Appointment is tfor hree years starting June 2023. The Downtown Development Authority (DDA), Public Act 57 of 2018, is designed to be a catalyst in the development of a community’s downtown district. The DDA provides for a variety of funding options including a tax increment financing mechanism, which can be used to fund public improvements in the downtown district and the ability to levy a limited millage to address administrative expenses. The DDA tax increment financing mechanism allows for the capture of the incremental growth of local property taxes over a period of time to fund downtown development activities. A community can capture future tax increment and additional millage, and focus their investment in targeted areas. By borrowing against the future tax increments, the DDA is able to fund large-scale projects, which can lead to new development opportunities within the downtown. In addition to the financing mechanism, the DDA structure results in the creation of a public board dedicated solely to the improvement of the downtown. Applicants should have a property interest in the downtown area. The DDA meets monthly, usually at 7PM on the third Monday of the month. The application is attached and should be sent to or send to the Tuscarora Township Clerk’s office at P.O. Box 220, Indian River MI 49749.
For application click: Appplication for Appointment
|
| 5/13/2023 12:00 AM |
| Open Until Filled |
|