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The purpose of Act 425 is to provide for a means for two local units of government to share tax revenues resulting from new or expanding development in the areas of their jurisdiction. Most typically a city and a nearby township are the parties to such an agreement. Because of the limited ability for a city in Michigan to annex adjacent ...
The Detroit Land Bank Authority [1] is a public authority that owns and manages approximately 100,000 parcels of property in the city of Detroit, making it the city's largest landowner. [ 2 ] Occasionally framed as a quasi-governmental entity , the Detroit Land Bank operates a number of programs to reduce the number of Detroit properties that ...
Land contract. A land contract, (also known as contract for deed or agreement for deed ), is a contract between the buyer and seller of real property in which the seller provides the buyer financing in the purchase, and the buyer repays the resulting loan in installments. Under a land contract, the seller retains the legal title to the property ...
Equitable conversion is a doctrine of the law of real property under which a purchaser of real property becomes the equitable owner of title to the property at the time he/she signs a contract binding him/her to purchase the land at a later date. The seller retains legal title of the property prior to the date of conveyance, but this land ...
This category has the following 17 subcategories, out of 17 total. Landforms of Michigan by county (85 C) Bodies of water of Michigan (7 C, 3 P) Wetlands of Michigan (1 C, 12 P)
Following are the historical territorial acquisitions of the United States: Accession. Date. Area (sq.mi.) Area (km 2.) Cost in dollars. Original territory of the Thirteen States (western lands, roughly between the Mississippi River and Appalachian Mountains, were claimed but not administered by the states and were all ceded to the federal ...
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