City Proposal 2 - Proposed Amendment to Repeal and Void Any and All Ordinances of the City to Extend, Amend, And/or Modify Tax Increment Financing Plan #97

Proposed Amendment to Repeal and Void Any and All Ordinances of the City to Extend, Amend, And/or Modify Tax Increment Financing Plan #97 Enacted Without First Being Submitted to and Approved by a Majority of the Electors of the City Time After January 1, 2024. Shall Section 28 of the Charter of the City of Traverse City be amended by adding a paragraph to read that "The City Commission shall not attempt to evade the petition rights and voting rights of City residents. Any and all ordinances of the City to extend, amend, and/or modify Tax Increment Financing and Development Plan #97 ("TIF97"), which ordinance or ordinances were enacted or are enacted at any time after January 1, 2024 without first being submitted to and approved by a majority of the electors of the City at a regular election or at a special election held for that purpose are repealed and such ordinance or ordinances shall be void and of no effect."?