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 Jackson
 Code of Ordinances
 Chapter 24. TAXATION
 Article III. BLAIR PARK TAX EXEMPTION ORDINANCE

  § 24-51. Preamble.  

Latest version.

  • It is acknowledged that it is a proper public purpose of the State of Michigan and its political subdivisions to provide housing for its citizens of low income and to encourage the development of such housing by providing for a service charge in lieu of property taxes in accordance with the State Housing Development Act of 1966 (1966 PA 346, as amended, MCL 125.1401 et seq. The City of Jackson is authorized by this Act to establish or change the service charge to be paid in lieu of taxes by any or all classes of housing exempt from taxation under this Act at any amount it chooses not to exceed the taxes that would be paid but for this Act.

    It is further acknowledged that such housing for persons of low income is a public necessity, and as the City of Jackson will be benefited and improved by such housing, the encouragement of the same by providing certain real estate tax exemption for such housing is a valid public purpose; further, that the continuance of the provisions of this article for tax exemption and the service charge in lieu of taxes during the period contemplated in this article are essential to the determination of economic feasibility of this housing development which are rehabilitated and financed in reliance on such tax exemption.

    Payment in Lieu of Tax Policy ("PILOT") enacted by the City of Jackson provides that the city's action on each application is within its discretion. The Blair Park ownership entity requested a four percent (4%) PILOT from the city during the term of the city's then existing Ordinance 2003.19 adopted November 25, 2003, which provided for a four percent (4%) PILOT upon passage of a project specific resolution by the city council. The city council enacted a resolution which by its terms expired in 2008, to provide time to the city council to review and revise its PILOT policy. Having now adopted a new PILOT policy which by its terms provides a PILOT prospectively to projects which have not yet commenced construction or rehabilitation, the city council recognizes, based on the facts of this particular situation, that as a matter of fairness this project should essentially be handled in a manner which will provide equivalent treatment to that which would have been made available under Ordinance 2003.19. Accordingly, using the discretion provided under the city's new PILOT policy, the following provisions apply to Blair Park.

(Ord. No. 2008.13, § 1, 12-16-08)