File #: 2016-0243    Version:
Type: Project Status: Passed
File created: 6/9/2016 In control: City Council Regular Meeting
On agenda: Final action: 7/18/2016
Title: Request for Adoption of a Resolution Approving an Industrial Facilities Exemption Certificate for JENOPTIK Automotive North America, 1500 W. Hamlin Road
Attachments: 1. 071816 Agenda Summary.pdf, 2. Suppl Presentation.pdf, 3. 2016 Development Agreement.pdf, 4. Financial Analysis Jenoptik 2016.pdf, 5. Tax Abatement Policy.pdf, 6. Highlighted Tax Exemption Chart.pdf, 7. Public Hearing Notice.pdf, 8. 062016 Agenda Summary.pdf, 9. Letter of Intent JENOPTIK 051116.pdf, 10. Application.pdf, 11. 062016 Resolution (Draft).pdf, 12. Resolution (Draft).pdf
Title
Request for Adoption of a Resolution Approving an Industrial Facilities Exemption Certificate for JENOPTIK Automotive North America, 1500 W. Hamlin Road

Body
Whereas, pursuant to PA 198 of 1974, as amended, after a duly notice Public Hearing held on July 18, 2016, the Rochester Hills City Council by resolution established that JENOPTIK Automotive North America is located within an Industrial Development District; and

Whereas, the Industrial Development District is that property located at 1500 W. Hamlin Rd., also known as Parcel No. 15-21-376-011 and further described as:

T3N, R11E, SEC 21 PART OF S 1/2 OF SEC BEG AT PT DIST N 86-50-00 E 1875.96 FT FROM SW SEC COR, TH N 03-10-00 W 825.53 FT, TH ALG CURV TO LEFT, RAD 5789.65 FT, CHORD BEARS N 43-17-15 E 562.00 FT, DIST 562.22 FT, TH N 40-30-20 E 32.78 FT, TH S 03-10-00 E 1236.40 FT, TH S 86-50-00 W 430.00 FT TO BEG EXC S 60 FT, ALSO EXC E 11 FT OF N 12 FT OF S 72 FT 9.51 A9-22-05 FR 004AME; and

Whereas, JENOPTIK Automotive North America filed an application for an Industrial Facilities Exemption Certificate on May 12, 2016 for real property to be installed within the Industrial Development District; and

Whereas, installation of a new facility had not begun earlier than six months before May 12, 2016, the date of acceptance of the application for the Industrial Facilities Exemption Certificate; and

Whereas, before acting on said application, the Rochester Hills City Council held a Public Hearing on July 18, 2016 at 1000 Rochester Hills Drive, Rochester Hills, MI 48309 at 7:00 p.m. for which Hearing the applicant, the Assessor and the taxing authorities were given written notice and were afforded an opportunity to be heard and after review of the application, the City Council made the following findings:

a. The granting of the Industrial Facilities Exemption Certificate, considered together with the aggregate amount of Industrial Facilities Exemption Certificates previously granted and currently in...

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