Lawrence Development Finance Authority

The focus of the Lawrence Local Development Funding Authority (LDFA) is the financing and development arm of the the Lawrence-Crandall Business Centre (LCBC).

The LDFA oversees the TIF (Tax Increment Financing) fund and coordinates financing opportunities related to the LCBC. Their mission is directed by projected outcomes of the State LDFA Act which says that the “creation of jobs and the promotion of economic growth stabilize and strengthen the tax bases upon which local units of government rely and that government programs to eliminate causes of unemployment, underemployment, and joblessness benefit local units of government.”

The Local Development Financing Act 281 of 1986 (State of Michigan) was enacted to encourage local development to prevent conditions of unemployment and promote economic growth; to provide for the establishment of local development finance authorities and to prescribe their powers and duties; to provide for the creation of a board to govern an authority and to prescribe its powers and duties; to provide for the creation and implementation of development plans; to authorize the acquisition and disposal of interests in real and personal property; to permit the issuance of bonds and other evidences of indebtedness by an authority; to prescribe powers and duties of certain public entities and state officers and agencies; to reimburse authorities for certain losses of tax increment revenues; and to authorize and permit the use of tax increment financing.

Tax Increment Financing is a government financing program which contributes to economic growth and development by dedicating a portion of the tax base resulting from the economic growth and development to certain public facilities and structures or improvements of the type designed and dedicated to public use and thereby facilitate certain projects which create economic growth and development. That it is necessary for the legislature to exercise the sovereign power to legislate tax increment financing as authorized in this act and in the exercise of this sovereign power to mandate the transfer of tax increment revenues by city, village, township, school district, and county treasurers to authorities created under this act in order to effectuate the legislated government programs to eliminate the conditions of unemployment, underemployment, and joblessness and to promote state economic growth.

The Lawrence Development Finance Committee consists of:

  • David Quick (Village President)
  • Cindy Nower (Village Clerk)
  • Annette Crandall
  • Don Hanson (Van Buren County Representative)
  • Kim Thompson, Chairperson

Lawrence Development Finance Authority Plan 2017-2037 

Meets quarterly on first Wednesday, 6:00 pm at Village Hall. See Meetings Notice page for exact dates in case of schedule conflicts.

Minutes:

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MEETINGS NOTICE

Village of Lawrence Committee Meetings Posting
(Unless indicated otherwise, all meetings are held at the Village Hall)

As an effort to be proactive and protect those of us against the possibility of contracting the symptoms or the actual COVID-19 virus, I am officially canceling all remaining committee meetings under the Village of Lawrence. At this time, this will be effective immediately and run through the month of March.

As always, take the necessary precautions to protect you and yours.

Thank you.

President
David Quick

Regular Meetings This Month
Community Development Committee
(1st Thursday) Thursday, April 2nd, 6:00pm
Public Service Meeting (1st Wednesday) Wednesday, April 1st, 6:00pm
Regular Council Meeting (2nd Tuesday) Tuesday, April 14th, 7:00pm

If you are experiencing a water or sewer emergency outside of normal Village business hours, please contact
the Department of Public Works at 269-312-4040.
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