Sashabaw Road Corridor Improvement Authority

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CIA Development & Tax Increment Financing (TIF) Plan

The chief means of financing for the CIA is through the use of Tax Increment Financing (TIF). The TIF district generally includes properties which front on Sashabaw Road extending from Clarkston to Maybee Roads. TIF revenues are captured from the increases in real and personal property over the base year of 2006. In other words, property taxes collected within the District as of 2006 continue to be collected. Sources of tax increment revenues include the Township, Oakland County, and Oakland Community College. In order to lessen the impact on both the Township and other taxing jurisdictions, the Township is capturing only 50% of the eligible taxes.

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.