An Ordinance to dissolve the Downtown Development Authority for the City of Otsego pursuant to Act 197 of the Public Acts of Michigan of 1975, as amended (MCL 125.4227 et seq.); to provide that the City of Otsego Tax Increment Financing Plan has no force and effect as of the date of this Ordinance; to transfer surplus funds to the taxing bodies; to transfer the property and assets of the Authority to the general fund of the City of Otsego after the satisfaction of the obligations of the Authority; to repeal Article II, Chapter 22 of the City of Otsego Code of Ordinances; and to provide for other matters related thereto.
This Ordinance was offered for a second reading and adopted at the regular meeting of the Otsego City Commission, Monday, May 15, 2023, 7:00 p.m. Otsego City Hall, 117 E. Orleans St., Otsego, MI. This Ordinance shall take effect twenty (20) days following adoption by the Otsego City Commission and upon publication of this summary in accordance with City Charter. Ordinance No. 172, will take effect on June 4, 2023.
A complete copy of Ordinance No. 172, may be obtained from the office of the City Clerk, 117 E. Orleans St., Otsego, MI 49078
Angela M. Cronen, MMC