Title
Request for Adoption of the Resolution Approving Transfer of Industrial Facilities Exemption Certificate 2016-178 for T.A. Systems, Inc.
Body
Whereas, pursuant to P.A. 198 of 1974, M.C.L. 207.551 et seq., after a duly noticed public hearing held on July 18, 2016, this City Council by resolution established Industrial Development District; and
Whereas, the Rochester Hills City Council approved an application from Jenoptik Automotive North America requesting an Industrial Facilities Exemption Certificate 2016-178 for real property investments located at 1500 W. Hamlin Road; and
Whereas, T.A. Systems, Inc has filed an application for a transfer of Industrial Facilities Exemption Certificate 2016-178 with respect to real property components in the amount of $12,883,382 of a new facility located within the Industrial Development District at 1500 W. Hamlin Road; and
Whereas, the applicant, the Assessor, and a representative of the affected taxing units were given written notice of the transfer application and were offered an opportunity to be heard on said application; and
Whereas, T.A. Systems, Inc has substantially met all the requirements under Public Act 198 of 1974 for the transfer of Industrial Facilities Exemption Certificate 2016-178; and
Whereas, the aggregate SEV of real and personal property exempt from ad valorem taxes within the City of Rochester Hills, after granting this certificate, will not exceed 5% of an amount equal to the sum of the SEV of the unit, plus the SEV of personal and real property thus exempted; and
Now, Therefore, Be It Resolved the City Council of Rochester Hills that:
1. The City Council finds and determines that the granting of the transfer of an Industrial Facilities Exemption Certificate considered together with the aggregate amount of certificates previously granted and currently in force under Act No. 198 of the Public Acts of 1974 and Act No. 255 of the Public Acts of 1978, shall not have the effect of substantial...
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