TIFA/DDA & EDC/Brownfield Redevelopment Authority
Mt. Pleasant has three Tax Increment Finance Authorities (TIFA). The authorities initiate projects and programs to halt property value deterioration and increase property tax valuation in designated districts. One authority was created for the Central Business District (CBD) which describes Mt. Pleasant's downtown area. The other two TIFA districts were created for the Industrial Park North area, located east of N. Mission near US-27, and the University Park district that is situated on the south end of the Central Michigan University campus.
Mt. Pleasant's Downtown Development Authority (DDA) encompasses Mission Street (from Bluegrass to the north city limit), Pickard Street (from Arnold to Packard), and Broadway Street (from Mission to Fancher).
View related area maps:
- Mission-Pickard DDA District (PDF)
- University Park (PDF)
- Industrial Park North (PDF)
- Central Business TIFA District (PDF)
The TIFAs and DDA are funded by a portion of the property taxes from the properties located within their districts. The TIFA and DDA Boards then determine how the funds will be utilized, which directly or indirectly benefits all properties within the district. Typical projects include aesthetic improvements such as landscape, decorative lighting, entry walls, sidewalk brick pavers, planters, banners, holiday decorations, and the ongoing maintenance of those improvements.
Mt. Pleasant also has an Economic Development Corporation (EDC). The EDC deals with financing land purchases for economic development in the city, and a Brownfield Redevelopment Authority that helps provide financing to assist with the redevelopment of environmentally contaminated or structurally or economically obsolete sites in the city.
An eleven-member advisory board oversees the operation of all the TIFA/DDA listed above. Board members are appointed by the City Commission and serve staggered four-year terms without pay.
A nine-member advisory board oversees the operation of all the EDC/Brownfield Redevelopment Authority listed above. Board members are appointed by the City Commission and serve staggered six-year terms without pay.
TIFA-DDA Meeting Information
The TIFA/DDA board meetings take place on the 2nd Thursday of each month at 10 a.m. in City Hall's Conference Room A (upstairs).
NOTE: The TIFA/DDA meeting for September 12, 2013 has been canceled.
EDC-BRA Meeting Information
The EDC-BRA meets as needed.