Downtown Development Authority

RICHMOND TOWNSHIP DOWNTOWN DEVELOPMENT AUTHORITY
Richmond Township established a Downtown Development Authority (DDA) by Ordinance in 1999 as a means to undertake public facility improvements throughout its development area.  Consistent with Section 17 of Public Act 197 of 1975, the Richmond Township Board adopted a Development Plan and Tax Increment Finance Plan in 2000.  The Plan included an estimate of the cost of development, a statement of the proposed method of funding the development and the ability of the DDA to arrange financing.

Since its establishment, the Richmond Township DDA has successfully implemented various enhancements throughout the District.  These enhancements have included road improvements, water and sewer extensions, and other improvements.

DDA Board Minutes January 17, 2019
DDA Board Minutes January 17, 2019  


RICHMOND TOWNSHIP DOWNTOWN DEVELOPMENT AUTHORITY ECONOMIC DEVELOPMENT GUIDEBOOK
The Economic Development Guidebook provides a baseline assessment of the existing conditions that drive the economy in Richmond Township and is intended to help local stakeholders and Township government officials implement strategies that contribute to the Township's economic health.  It includes strategic recommendations to enhance Richmond Township's business climate, ensure the fiscal health of the Township, and support economic growth in the Township in a manner consistent with the Township's character.

 
RICHMOND TOWNSHIP DDA DEVELOPMENT & TAX INCREMENT FINANCE PLAN UPDATE 2012
As authorized by the Act, the Richmond Township Board and DDA determined it necessary to update the Development Plan and Tax Increment Finance Plan originally adopted in 2000 in order to continue to promote property tax valuation and economic development within the Downtown District.  The Richmond Township DDA Development & Tax Increment Finance Plan Update 2012 accomplishes three objectives:

  • Extends the life of the Plan through 2039 in order to undertake additional public improvements within the District;
  • Enables continued collection of tax increment revenues as a means to finance the proposed capital improvements; and,
  • Revises and expands the list of capital improvement projects to be undertaken during the life of the Plan.