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CHARTER TOWNSHIP OF VAN BUREN LOCAL DEVELOPMENT FINANCE AUTHORITY AGENDARegular Meeting: Tuesday September 14, 2021 2:00 p.m. via Zoom in accordance with WAYNE COUNTY LOCAL PUBLIC HEALTH DEPARTMENT
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How to fill out local development financing authority

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Gather all necessary documents and information related to the development project.
02
Contact the local development financing authority to obtain the application form.
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Fill out the application form accurately and completely, making sure to provide all required details.
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Submit the completed application form along with any supporting documents to the local development financing authority for review.

Who needs local development financing authority?

01
Developers looking for financial assistance and support for their development projects.
02
Local governments and municipalities aiming to promote economic growth and development in their areas.
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Local development financing authority refers to a governmental entity that is established to facilitate and manage financial resources and investment for economic development projects within a specific local area.
Entities that are involved in local development financing activities, including municipalities and authorities managing tax increment financing (TIF), are typically required to file reports with the local development financing authority.
To fill out the local development financing authority forms, stakeholders need to provide detailed information on financing sources, project descriptions, budgeting, and expected outcomes related to the development projects.
The purpose of local development financing authority is to promote economic growth by providing financial assistance for development projects that can lead to job creation, increased tax revenues, and overall community revitalization.
Information that must be reported includes project goals, financial statements, sources of funding, expenditure reports, and the impact of the development on the local community and economy.
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