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Council backs moving forward with restated LDFA development and TIF plan; final adoption targeted for Nov. 10
Summary
Council voted to express support for a restated Local Development Finance Authority plan and TIF plan that would extend the LDFA to Dec. 31, 2045 and is projected to capture $14–$16 million over 20 years; final approval awaits taxing-jurisdiction reviews and a November vote.
Rochester Hills City Council on Sept. 8 voted to express support for a 2025 restated development and tax increment financing (TIF) plan for the Rochester Hills Local Development Finance Authority (LDFA), clearing an early procedural step toward final adoption.
City staff told council the LDFA — created in 1994 and with a 2009 plan that would otherwise sunset — is proposed to be extended to Dec. 31, 2045. Staff estimated the extension could yield about $14 million to $16 million of captured tax increment revenue over the 20-year extension. The restated plan preserves the current district boundaries and does not add property acquisition or LDFA debt, staff said.
City staff explained that the LDFA is a tool focused on business development and job creation and that eligible tax capture applies only to qualifying industrial and high-tech parcels, not residential or retail properties. The LDFA has funded infrastructure projects including roadway realignments, Hamlin Road reconstruction and paving of Leach Street, staff said.
Because state law requires notice and a 60-day period for affected taxing jurisdictions, council could not vote to adopt the restated plan immediately. The motion council approved expresses the city’s support for the restated plan and schedules final consideration for the Nov. 10 council meeting, subject to county and other taxing-jurisdiction review.
Councilmember Mangioli moved the resolution; Councilmember Neubauer seconded. The motion passed unanimously.
