Title
Request to Establish an Industrial Development District at 3000 Research Drive, Rochester Hills, Michigan
Body
Whereas, Lear Corporation has requested that an Industrial Development District be established at 3000 Research Dr., also known as Tax Parcel No. 15-29-352-006, and further described as:
PART OF THE SOUTHWEST 1/4 OF SECTION 29 AND PART OF THE SOUTHEAST 1/4 OF SECTION 30, T.3N, R.11E, LOT NO. 30 & 31 OF ROCHESTER HILLS EXECUTIVE PARK, CITY OF ROCHESTER HILLS, OAKLAND COUNTY, MICHIGAN LIBER 199, PAGE 27 & 28, CONTAINING 9.32 ACRES; and
Whereas, the Rochester Hills City Council held a Public Hearing regarding this request at the Regular Meeting of April 26, 2010 at 7:00 p.m. in the Council Chambers, at 1000 Rochester Hills Dr., Rochester Hills, Michigan, during which the owner of the property, taxing authorities, and all interested parties were given the opportunity to be heard; and
Whereas, the establishment of an Industrial Development District is consistent with the City's objectives to encourage industrial development and create new employment opportunities.
Resolved, that the Rochester Hills City Council hereby determines that the levies of ad valorem taxes are at a rate, when taken together with the rates of ad valorem taxes levied by any other taxing authority which levies taxes within the City of Rochester Hills, equals or exceeds $30.00 for each $1,000.00 of taxable value, and therefore is eligible for designation as an Industrial Development District pursuant to said Act; and
Be It Further Resolved, that the above listed legal description is hereby designated as an Industrial Development District.