If you have questions regarding property availability, development or anything concerning Huron Townships LDFA please contact Huron Township.
Huron Township is located in southwest Wayne County along the banks of the calm Huron River lays the beautiful Township of Huron. With three distinct villages including Waltz New Boston, and Willow, Huron Township offers a tranquil safe environment to raise a family or locate a business.
Home to Willow, Lower Huron and Oakwoods Metroparks, Huron Township boasts numerous miles of linked bike paths and kayaking courses as well as a multitude of other recreational opportunities including fishing, golf, and a family aquatic center.
The October Applefest featuring locally grown produce and the annual “River Run” car show are just two of the many community events that brings families together during the year.
Conveniently located just minutes from Detroit Metro International Airport with major freeways and rail ways, Huron Township is a prime business development venue and is home to such leading automotive suppliers as Inergy and Brose.
Huron Township appoints the members of the LDFA Board. The Board shall consist of seven members appointed by the community or junior college and two members appointed by each local government unit that levied 20% or more of the ad valorem taxes levied against all property located in the authority district in the year before the year in which the authority district is established. Additional members shall only vote on matters relating to the authority district located within their respective local unit of government. Contact Huron Township for more information.
Once the LDFA is established, the LDFA must create a development plan, to be adopted by the municipality, that outlines what the authority may do and what funds may be used. If the LDFA Board anticipates the need for capturing tax increment to support a project, a Tax Increment Financing Plan must also be adopted. Adoption of these plans also require public notices and hearings. Tax increment revenues can only be spent in accordance of the Tax Increment Financing Plan. The authority must submit an annual financial report the governing body and state tax commission.
Land may be added or removed from a district pursuant to the same requirements prescribed for adopting the resolution creating the LDFA.
Local Development Finance Authority
Board of Trustees