Title
Resolution Approving Project Area and Project District Area and Confirming Appointment of Additional EDC Directors (Glacier Hills, Inc. Project)
Body
Whereas, There exists in the State of Michigan and the County of Washtenaw the need for projects to alleviate and prevent conditions of unemployment, to assist and retain local industrial and commercial enterprises in order to strengthen and revitalize the economy and to encourage the location and expansion of such enterprises to provide needed services and facilities to the State, to Washtenaw County and to the City of Ann Arbor;
Whereas, The Economic Development Corporations Act, Act No. 338 of the Michigan Public Acts of 1974, as amended (the "Act") provides a means for the encouragement of such projects in the City of Ann Arbor through The Economic Development Corporation of the City of Ann Arbor (the "EDC");
Whereas, The EDC has commenced proceedings under the Act for the benefit of such a project (viz., Glacier Hills, Inc. Project) and has designated to this City Council a Project Area and Project District Area as set forth in Exhibit A attached hereto for its approval; and
Whereas, The Mayor of the City of Ann Arbor has appointed two additional directors to the Board of Directors of the EDC in accordance with Section 4(2) of the Act and has requested this City Council to confirm such appointments as required by the Act in order to allow the EDC to proceed with the Project;
RESOLVED, That the Project Area as designated by the EDC to this City Council is hereby certified as approved;
RESOLVED, That it having been determined that the territory surrounding said designated Project Area will not be significantly affected by the Project because the surrounding territory is devoted to commercial and/or industrial uses, a Project District Area having the same description as and boundaries coterminous with the Project Area herein certified as approved be hereby established;
RESOLVED, That it having been...
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