PURPOSE OF THE:
LOCAL DEVELOPMENT FINANCE AUTHORITY ACT

The Evart Local Development Finance Authority was created under the authority of Act 281 of the Michigan Public Acts of 1986, MCLA 125.251 et.seq. The Act was enacted to provide a means for local units of government to eliminate the conditions of unemployment, underemployment, and joblessness and to promote economic growth in the community served by the local unit of government.

The LDFA Act requires the preparation of a Development Plan by the Authority extending over the entire life established for the Authority. Projects undertaken in the Plan are to be of benefit to the Authority District. A strategic plan identified the strengths, weaknesses, threats and opportunities for the overall development of the community. That plan was incorporated into the creation of the LDFA Development Plan to identify tasks necessary to develop and enhance the LDFA District. The objectives set forth for the LDFA Plan are as follows:

1. Development of the Evart Air Industrial Park to provide for a very high quality, "just in time" industrial park.

2. Evart Airport improvements including extension of and widening the runway, taxiway, navigational lighting, land acquisition and airport support facilities.

3. Construction of an airport terminal, business / industrial education center, wellness center.

4. Provision of adult and child care and other "family friendly" facilities in support of the industries and businesses locating in the LDFA district.

5. Construction of airport hangar facilities.

6. Construction of freight terminals to accommodate industrial truck and freight shipping requirements.

7. Acquire future land for compatible uses near the industrially developed portions of the city and the Evart airport.

8. Construction of industrial buildings for sale or lease to new and existing industries seeking expansion opportunities.

9. Construct infrastructure improvements in support of the Evart Glass Plant (PPG), including watermain, sanitary sewer, roadway, land acquisition, and clearing activities.

10. Lauman Road reconstruction to facilitate future glass plant expansion.

11. Water system improvements to enhance system capacity to serve the west side industrial sector and small businesses located along US-10.
12. Water system capacity improvements including construction of a second water tower on the west side of the city, a new well field development and additional looped water mains.

13. Wastewater treatment facility expansion and upgrading.

14. Industrial Park storm drain construction.

15. Acquisition of land buildings and equipment to assist in maintenance of the Authority district's infrastructure investments.

16. Public safety investments in police and fire facilities, equipment and manpower needed to support an expanding industrial community.

17. Construction of recreation and park facilities that will enhance the attractiveness for new community investments and the liveability of the city. Such improvements include land and building acquisition, development of the Rails to Trails / Depot project that will provide employee recreational opportunities and green space surrounding the industrial park, and the planting of trees and shrubs to enhance the attractiveness of the area.

18. The expenses for marketing and promoting the industrial park.

19. Provision of training opportunities to enhance the quality of the available labor force and to maintain advanced skills as a resource for area industries.

20. Provision for administrative expenses including staff salaries, benefits, operating expenses, accounting and auditing services and similar needs.

21. Other activities which enhance and support the industrial and business development opportunities of Evart.