Michigan § 125.4623 - Approval, rejection, or approval with modification; considerations.
Full text of Michigan Michigan Compiled Laws § 125.4623 — Approval, rejection, or approval with modification; considerations., with citation guidance and answers to common questions.
§ 125.4623. Approval, rejection, or approval with modification; considerations.
The governing body after a public hearing on the development plan or the tax increment financing plan, or both, with notice given under section 622, shall determine whether the development plan or tax increment financing plan constitutes a public purpose. If it determines that the development plan or tax increment financing plan constitutes a public purpose, it shall by resolution approve or reject the plan, or approve it with modification, based on the following considerations:
(a) The plan meets the requirements under section 620(2).
(b) The proposed method of financing the development is feasible and the authority has the ability to arrange the financing.
(c) The development is reasonable and necessary to carry out the purposes of this part.
(d) The land included within the development area to be acquired is reasonably necessary to carry out the purposes of the plan and of this part in an efficient and economically satisfactory manner.
(e) The development plan is in reasonable accord with the land use plan of the municipality.
(f) Public services, such as fire and police protection and utilities, are or will be adequate to service the project area.
(g) Changes in zoning, streets, street levels, intersections, and utilities are reasonably necessary for the project and for the municipality.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 125.4623
What does Michigan Compiled Laws § 125.4623 cover?
Section 125.4623 ("Approval, rejection, or approval with modification; considerations.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 125.4623?
A common citation format is "Michigan Compiled Laws § 125.4623" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 125.4623 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.