Local Development Finance Authority
Government
Latest Notices
Meetings
Meetings held the 3rd Friday of every month at 7:15 a.m. in City Hall.
Description
A Local Development Finance Authority (LDFA) is enabled to establish area boundaries, create and implement a development plan, acquire and dispose of interests in real and personal property, issue bonds and use tax increment financing to fund public infrastructure improvements for eligible property.
MoreHistory
The Local Development Financing Act (LDFA), Public Act 281 of 1986, was enacted by the Michigan Legislature in the Fall of 1986 and became effective February 1, 1987. The purpose of the Act was to provide for establishment of Local Development Finance Authorities and to authorize the authorities to create and implement plans to prevent conditions of unemployment and promote economic growth. In addition the Act authorized and permitted the use of tax increment financing.
MoreBoard Members
Brian Ross
Chair
Chrystal Murphy
Rocco Buysse
Denise Perkins
Hamlin Township
Dave Wilson
Eaton Rapids Township
Barbara Rogers
Eaton County Board of Commissioners
Lynn Ball
Dan Metts
Vacant
The Term of Office for the Commissioner Members are Four Years.