OWA-LDFA
3961 E. Airport Drive | Oscoda, MI 48750 | 989-739-1111
Tax Increment Finance Plan & Development Plan
Public Meeting Information
Oscoda-Wurtsmith Airport – Local Development Finance Authority
Notice of Public Information Meeting
Oscoda-Wurtsmith Airport – Local Development Finance Authority (OWA-LDFA) captures and utilizes portions of property taxes collected from businesses that are located within the boundaries of Oscoda
Wurtsmith Airport. Therefore, Michigan PA 57 of 2018 requires OWA-LDFA to conduct a minimum of two public information meetings each year. The next public information meeting is scheduled to start at 9:00 a.m. on Friday, December 9, 2022. Preliminary information is posted on the website for Charter Township of Oscoda at www.oscodatownshipmi.gov. This meeting will be conducted at the Airport terminal building which is located at 3961 E. Airport Drive, Oscoda, Michigan 48750 This meeting is scheduled to commence at 9:00 a.m.
For additional information, please contact Oscoda-Wurtsmith Airport by calling (989) 739-1111.
The OWAA-LDFA was created in 2013 to capture and plan for tax revenues generated from Oscoda-Wurtsmith Airport properties. Its eleven (11) member board represents the Charter Township of Oscoda, Iosco County Board of Commissioners, Alpena Community College, and Oscoda Area Schools. Oscoda Township is responsible for seven (7) of these seats..jpg)
2023 Meeting Schedule
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OWA-LDFA Quick Reference Information |
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1 |
Name of the Authority |
Oscoda-Wurtsmith Airport Local Development Finance Authority |
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2 |
Date OWA-LDFA Was Formed |
November 12, 2012 |
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Date Tax Increment Finance and Development Plan Adopted |
November 11, 2013 |
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Date Tax Increment Finance and Development Plan is Set to Expire |
December 31, 2027 |
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3 |
Tax Year Utilized as the Baseline / Initial taxable Value |
2013 |
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4 |
Tax Year from Which Tax Increment Capture was First Utilized |
2015 |
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Scheduled Final Year for Tax Increment Capture |
2027 |
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5 |
The Unencumbered Fund Balance as of the Date of this Report |
$489,525.51 |
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6 |
The Encumbered Fund Balance for FY 2021 |
$327,989.50 |