Due to the cost of the road improvements, the CIA is seeking both public funding and private contributions. In the case of the road projects, CIA monies will be used to meet the required local match for state and/or federal funds.
The establishment of a CIA and the use of TIF to fund its progress require a development plan which sets for the objectives for the improvement of the CIA District, a schedule of implementation, anticipated revenues, procedures for the spending of revenues and disbursement of excess revenues. Since its creation, the Authority has focused its attention on identifying those public improvements that are needed in the Development Area and which, if provided will result in the enhancement of existing business activity and stimulation of new private investment that is in keeping with the policies of Independence Township.
The Development Plan was last amended on August 22, 2017 by the Township Board. The Plan is available here.