Well, Lansing and DeWitt Township agreed to the conditional land transfer of 1875.24 acres / 2.93 square miles of the airport and lands allowing Lansing split tax revenues and more land to develop.
Quote:
Lansing, DeWitt OK tax-sharing agreements
Melissa Anders and Lindsay VanHulle | Lansing State Journal
October 23, 2011
Two tax-sharing agreements between Lansing and DeWitt Township for the Capital Area International Airport got the green light Monday.
The Lansing City Council unanimously approved the two Act 425 agreements, with the exception of 1st Ward Councilman Eric Hewitt, who was absent. DeWitt Township's board also approved the agreements by a 7-0 margin.
Officials now will apply for a state economic development designation for the airport within the next month.
The 425 agreements will allow the city and township to split tax revenue from airport property and undeveloped land that surrounds it. Because the airport is located in Clinton County's DeWitt Township, none of that revenue is presently shared with Lansing. Ingham County taxpayers are the only ones in the tri-county area to subsidize Lansing airport operations.
Lansing would assume police and fire coverage responsibilities, although the airport has its own security system and DeWitt Township officials said the airport does not generate many calls for its police and fire services.
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The only catch is that the city and township went into this regional agreement in order to get a Next Michigan designation by the state. If the state doesn't grant this designation (which comes with the powers to offer additional incentives ontop of local incentives), the agreement is dissolved and the land reverts back to DeWitt Township.
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