1.
Approved by DDA 3/5/03 Approved by Township Board 4/8/03
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Table 1 NORTHFIELD TOWNSHIP
DOWNTOWN DEVELOPMENT AUTHORITY
DEVELOPMENT AND TAX INCREMENT FINANCING PLAN
2003 – 2033
PROJECT
NUMBER
DECRIPTION COMPLETION
DATE
ESTIMATED
BUDGET
FINANCE
METHOD
1 North Territorial/US
– 23 Overpass
2006 $28,000,000 DDA/
Private
2 Develop Identity
Plan
2003 - 2004 $5,000 DDA
3 Identity Program:
Signage, Streetscape,
Lighting
Improvements, etc.
2002 - 2010 $500,000 DDA/MEDC/DTE
Energy/Private
4 Parking
Improvements
2005 - 2018 $1,000,000 DDA/MEDC
5 Utility Improvements 2005 - 2015 $15,000,000 DDA/Special
Assessment/
MEDC
6 Street Improvements 2008 – 2033 $5,000,000 DDA/MDOT/
WC Rd.
Comm./Special
Assessment/MDOT
7 Business Attraction
Effort
2003 - 2033 $350,000 +
other
partners
DDA
8 Façade and Business
Loan Program
2005 - 2015 $125,000 DDA/Private Sources
9 Develop Community
Programming
2002 - 2033 $150,000 +
other
partners
DDA/Chamber of
Commerce/Community
10 DDA Administration 2003 – 2033 $2,000,000 DDA
TOTAL COSTS
$52,130,000