4582.32 Plan for development of port authority.

The board of directors of a port authority shall prepare, or cause to be prepared, a plan for the future development, construction, and improvement of the port authority and its facilities, including such maps, profiles, and other data and descriptions as may be necessary to set forth the location and character of the work to be undertaken by the port authority. The plan also shall contain a description of any and all financing under bonds, leases, or otherwise, and a description of any and all tax abatements, tax credits, tax increment financing, emoluments, subsidies, grants, loans and financial participation related to such plan or that has been proposed by the port authority and its public and private affiliates for such plan. Upon the completion of such plan the board of directors shall cause notice by publication to be given in each county in which there is a political subdivision participating in the creation of the port authority, and, in the case of a water port, shall likewise cause notice to be served upon the owners of the uplands contiguous to any submerged lands affected by such plan in the manner provided by law for service of notice in the levy of special assessments by municipal corporations, and shall permit the inspection of the plan at their office by all persons interested. The notice shall fix the time and place for the hearing of all objections to the plan, which shall be not less than thirty nor more than sixty days after the last publication of the notice and after service of notice upon the owners of such uplands. Any interested person may file written objections to the plan, provided the objections are filed with the secretary of the board of directors at the secretary’s office not less than five days prior to the date fixed for the hearing. After the hearing the board of directors may adopt the plan with any modifications or amendments thereto as the official plan of the port authority.

Effective Date: 2008 SB353 04-07-2009