§ 82-77. Financing.

Latest version.

The cost of the whole or any part of a principal shopping district project may be financed by one or more of the following methods:
(1)

Grants and gifts to the city.

(2)

City funds.

(3)

The issuance of general obligation bonds of the city.

(4)

The issuance of revenue bonds by the city under the Revenue Bond Act of 1933, Act No. 94 of the Public Acts of Michigan of 1933 (MCL 141.101 et seq., MSA 5.2731 et seq.), as amended, or under any other applicable revenue bond act. The issuance of the bonds shall be limited to the part or parts of the principal shopping district project that are public improvements.

(5)

The levying of special assessments against land, or interests in land, or both.

(Ord. No. 1534, § 1.807, 9-14-92)

                    
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