Council sets hearing
MANISTIQUE – The Manistique City Council has passed a resolution to set a public hearing addressing the approval of an amendment to the Downtown Development Authority’s TIF (tax increment financing) plan. The hearing will be held on April 22 at 7 p.m. in Manistique City Hall.
According to City Manager Sheila Aldrich, the city and DDA are following a schedule put forth by the Authority’s bond attorney, Miller Canfield. The schedule was created to keep the DDA on track to complete certain projects in the near future, including broadside docking this summer.
The DDA, established in 1988, is looking to amend its TIF plan to update its long term goals and also obtain an extension. The Authority is set to expire in 2018, and the extension is needed in order to gain financing for an estimated $4 million marina project. The DDA received an approximate $2 million grant from the Michigan State Waterways Commission and is responsible for the 50 percent match.
Council members unanimously approved the resolution to set the public hearing. The next step in the DDA’s schedule is the actual approval of the TIF plan amendment by city council near the middle of May.
In other business, council members also approved water and sewer, as well as a lawn restoration agreement with Schoolcraft Memorial Hospital. The agreements pertain to the hospital’s new facility and the property leading up to, and surrounding the site.