Economic Development Corporation/Tax Increment Finance Authority

EDC


The Economic Development Corporation and the Tax Increment Finance Authority are separate legal entities, which for purposes of coordination were merged by action of the City Council May 3, 1982. The Brownfield Redevelopment Authority is also a separate legal entity. The EDC was designated by City Council as the BRA governing body on Dec. 4, 2000.

Purpose: To strengthen and revitalize the local economy by alleviating and preventing conditions of unemployment, ultimate responsibility for attracting, assisting and retaining local industries and commercial enterprises, providing means and methods for encouragement of attracting new and expanding current industries and commercial business.

Establishment: The Economic Development Corporation of the City of Albion (EDC) was established by adoption of articles of incorporation dated July 29, 1977. The statutory authority for the adoption is found at MCL Section 125.1601, et seq. Board member’s qualifications are found at MCL Section 125.1604. It shall consist of at least nine members, including the Mayor who shall serve as a Director by virtue of holding the office of Mayor of the City of Albion – not more than three can be an officer or employee of the municipality. The Mayor appoints the board members with the advice and consent of the Council.

Membership: Not less than eleven members, no more than three of which may be City officers or City staff. Ex-officio, nonvoting members: President of the Chamber of Commerce, Sheridan Township Supervisor, Albion Township Supervisor. Appointed by Mayor with confirmation by City Council.

Residency: At the discretion of appointing authority. Goal is to maintain a majority of residents on the board.

Term: Six years.

Meetings: First Thursday of month – 7:30 a.m.

Compensation: None.

ALBION ECONOMIC DEVELOPMENT 2023 EXECUTIVE BOARD MEETING SCHEDULE	EDC/TIFA/BRA 2023 BOARD MEETING SCHEDULE

JANUARY 10, 2023	JANUARY 12, 2023
JANUARY 26, 2023	FEBRUARY 2, 2023
FEBRUARY 23, 2023	MARCH 2, 2023 (ECONOMIC FORECAST 5:00 P.M.-LUDINGTON CENTER
MARCH 23, 2023	APRIL 6, 2023
APRIL 27, 2023	APRIL 20, 2023 (SPECIAL MEETING)
MAY 25, 2023	MAY 4, 2023
JUNE 22, 2023	JUNE 1, 2023
JULY 27, 2023	JUNE 22, 2023 SPECIAL MEETING
AUGUST 24, 2023	JULY 11, 2023 SPECIAL MEETING
SEPTEMBER 28, 2023	AUGUST 3, 2023- MOVED TO AUGUST10
OCTOBER 26, 2023	AUGUST 17 SPECIAL MEETING (115 N. SUPERIOR)-CANCELLED
NOVEMBER 30, 2023	AUGUST 21 - SPECIAL MEETING 12:30 P.M.
	SEPTEMBER 7, 2023
	OCTOBER 5, 2023
	NOVEMBER 2, 2023
	DECEMBER 7, 2023
MEETINGS WILLL BE HELD AT: CITY OF ALBION-COUNCIL CHAMBERS 112 W. CASS STREET ALBION, MI 49224**	*MEETINGS WILL BE HELD AT: CITY OF ALBION-COUNCIL CHAMBERS 112 W. CASS STREET ALBION, MI 49224**

Meetings are at 7:30 a.m. at the City of Albion Council Chambers	Meetings on dates not in bold are morning meetings at 7:30 a.m. at the Marshall Opportunity High School Library. Meetings on dates in bold are evening meetings at 5:00 p.m. and will held at the Ludington Center (101 N. Superior St.)

AEDC BYLAWS

AEDC ARTICLES OF INCORPORATION

APRIL 2023-CURRENT EDC AGENDA'S & MINUTES

2020- MARCH 2023 EDC AGENDA'S & MINUTES