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Meeting location: Larcom City Hall, 301 E Huron St, Second floor, City Council Chambers

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July 2017
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Jul, 2017

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Local Development Finance Authority (LDFA) 8:15 AM     Export to iCalendar
Meeting held in City Hall Basement
How Established: Council resolution approved June 27, 2002, in conjunction with the City of Ypsilanti. Purpose: A financing mechanism that allows the 'capture' of the incremental taxes for reinvestment within the boundaries of the authority. The funds will be used to support business services provided by the Ann Arbor IT Zone to emerging businesses, and to assist in providing high-speed data communications to the SmartZone area and businesses in that area. City Council affirmed the continuing public purpose of the Ann Arbor/Ypsilanti SmartZone LDFA and its role in facilitation of the commercialization of research products being developed at University of Michigan and Eastern Michigan University, and the development and support of new and existing technology-led economic development by Resolution R-14-175 on June 2, 2014. Membership / Committee Composition: 6 members from the City of Ann Arbor appointed by the Ann Arbor City Council. 3 members from the City of Ypsilanti appointed by Ypsilanti City Council. Contact Info: Ann Arbor SPARK, 201 S. Division, Suite 430, Ann Arbor, MI 48104, 734-761-9317 / 888-SPARK-01. Ex-Officio Members: Tom Crawford, Skip Simms