Title
Request for Approval of an Industrial Facilities Exemption Certificate (IFT or tax abatement) for RayEstates Rochester RCI LLC., for Parcel Nos. 15-29-401-003 and 15-29-451-001
Body
Whereas, pursuant to PA 198 of 1974, as amended, after a duly noticed Public Hearing held on April 17, 2017, the Rochester Hills City Council by resolution established that Parcel Nos. 15-29-401-003 and 15-29-451-001 are located within an Industrial Development District; and
Whereas, the Industrial Development District is that property at Parcel Nos. 15-29-401-003 and 15-29-451-001, further described as:
T3N, R11E, SEC 29 SUPERVISOR'S PLAT NO 9 SLY 130 FT OF LOT 6
Parcel No. 15-29-401-003
T3N, R11E, SEC 29 SUPERVISOR'S PLAT NO 9 LOT 7
Parcel No. 15-29-451-001
Whereas, RayEstates Rochester RCI, LLC filed an application for an Industrial Facilities Exemption Certificate (IFEC) on March 15, 2017 for real property to be installed within the Industrial Development District; and
Whereas, installation of new facility had not begun earlier than six months before March 15, 2017, 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 April 17, 2017 at 1000 Rochester Hills Dr., Rochester Hills, Michigan 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 force under PA 198 of 1974 does not have the effect of substantially impeding the operation of the City of Rochester Hills or impairing the financial soundness of a taxing unit which levies an ad val...
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