The City of Oak Park has been actively pursuing ways to create vibrant corridors. For years the disinvestment in the commercial corridors in Oak Park has created a need for revitalization. The purpose of this plan is to maintain and upgrade the economic viability of the designated corridors for a period of twenty years. This plan will not be renewed.
The City Council, determining that it is necessary in the best interest of the public to halt property value deterioration and increase property tax valuation where possible in its business districts, to eliminate the causes of deterioration and to promote economic growth, hereby declares its intention to and hereby does create and provide for the operation of the City of Oak Park Corridor Improvement Authority, pursuant to Act No.280, 2005, MCL 125.2871 et seq. as amended, of the State of Michigan.
In the city adopted Resolution No. CM-09-356-15 approving the creation of the Corridor Improvement Authority (“CIA”), the board was established and the TIF and Development Plans were created. The plans set forth guidelines for which the city will be able to undergo extensive streetscape projects consisting of a road diet, pocket parks, and bike lanes along the Nine Mile Corridor, Façade Grant Funding, Parking Lot creation/Improvements, Marketing, Events, Landscaping, and more. The cost of these projects will be financed through tax increment financing and grant funding and therefore requires a descriptive plan of attack.
The plan states that the duration of the development and tax increment financing plan shall be from 2016-2036. The Corridor Improvement Authority will make any existing final debt service payments during the 2034-2035 fiscal year. Therefore the development and tax increment financing plans will expire on July 1, 2036. The plan will serve as a catalyst for a number of improvements within the commercial districts and corridors.
To download the Development and TIF Plan click here
For proposed Amendenment to Plans click here
CITY OF OAK PARK
OAKLAND COUNTY, MICHIGAN
NOTICE OF PUBLIC HEARING ON THE
AMENDED DEVELOPMENT PLAN AND TAX
INCREMENT FINANCING PLAN FOR THE
DEVELOPMENT AREA OF THE CORRIDOR
The City Council of the City of Oak Park, Oakland County, Michigan,
will hold a Public Hearing on:
Monday, February 6, 2017, at 7:00 p.m.
At the Oak Park City Hall Building at 14000 Oak Park Blvd.,
Oak Park, MI 48237, to consider the amendment of the Oak Park Corridor
Improvement Authority Tax Increment Financing and Development
Plans in accordance with Public Act 280 of 2005, as amended.
PLEASETAKE FURTHER NOTICE that a description of the development
area in relation to highways, streets, streams and other improvements
and natural features is presented below.
PLEASE TAKE FURTHER NOTICE that a map, plats, and a description
of the amended Development Plan, are available for public inspection at
the Office of the City Clerk at the address stated above. The amended
Development Plan does not include any proposal resulting in the
displacement or requiring the relocation of families or individuals from
the development area.
PLEASE TAKE FURTHER NOTICE that all aspects of the amended
Development Plan and Tax Increment Financing Plan will be open
for discussion at the public hearing and interested persons shall be
provided an opportunity to speak and deliver written communications.
OAK PARK CITY CLERK
The proposed boundaries of the Corridor Improvement Authority
Development area are depicted below:
The Corridor Improvement Authority Board meets the third Thursday of every month at Noon in the Executive Conference Room located at City Hall 14000 Oak Park Blvd.