Local Development Finance Authority LDFA
The Local Development Financing Act, Public Act 281 of 1986, as amended, allows a city, village, or urban township to utilize tax increment financing to fund public infrastructure improvements.
This tool is designed to promote economic growth and job creation. Communities across Michigan have utilized LDFA districts to extend sewer and water lines, to construct roads, and to service manufacturing, agricultural processing, and high technology operations.
The financing mechanism allows for the capture of the incremental growth of local property taxes over a period of time to fund public infrastructure improvements. By leveraging future tax increments, the LDFA is able to finance these public improvements, which can lead to new development opportunities within the community.
Staff contact for the LDFA: Chad Gamble, P.E., City Manager, (989) 224-8944 ext. 231, cgamble@stjohnsmi.gov
Any other information required by MCL 125.4910(1) can be obtained at St. Johns City Offices, 100 E. State Street, Suite #1100, St. Johns, Michigan 48879.
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