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[Show as slideshow] [View with PicLens] 12► ALLEN PARK — Fans of the annual farmers market will have much more to look forward to this year. Every Friday might look more like a street fair in the parking lot next to the Allen Park Presbyterian Church on Park Avenue. Tim Estheimer, Downtown Development Authority secretary, said he plans to propose a calendar [...] Wayne County officials do not approve of a money swap proposal to help the city financially. That’s according to Dennis Miller, the Downtown Development Authority’s attorney. Miller said he spoke Thursday with a Wayne County attorney who said the proposal goes against the Michigan State DDA Act 197(1975). “That’s not the purpose of the money,” [...] City officials told the Downtown Development Authority on Tuesday they were able to meet the $1.1 million bond payment on the 104-acre property formerly known as the Allen Park Studio Center. City officials were considering pulling money from the DDA and swapping those funds with restricted city funds to make the payment on the property. [...] The Downtown Development Authority tabled discussion Thursday on a money swap proposal that would help the city make a bond payment. The city has a bond payment of nearly $1.1 million due this month on its 104-acre property formerly known as the Allen Park Studio Center. Without the swap, officials say the city could default [...] The Downtown Development Authority is projecting a loss of roughly $100,000 this year due to a drop in taxable revenue in its district. City Assessor Paula Grivins-Jastifer delivered the news at a DDA meeting Thursday. Grivins-Jastifer said the revenue is projected to decrease from the 2010 amount of $1.2 million to just under $1.1 million. [...] |
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