Title
Request for an Industrial Facilities Exemption Certificate (IFT) at 1840 Enterprise, Rochester Hills, MI 48309
Body
Whereas, Tesla Motors, Inc., as owners of certain industrial property in the City of Rochester Hills, Oakland County, Michigan, is located within an Industrial Development District under the "Plant Rehabilitation and Industrial Development Districts Act of 1974," as amended; and
Whereas, the Industrial Development District is that property located at 1840 Enterprise Drive, Rochester Hills, Michigan, more particularly described as follows:
E, Sec 28 Tan Industrial Park Lots 44 & 45 11/06/87 FR 003 & 004
Whereas, Tesla Motors has made application to the Rochester Hills City Council for an Industrial Facilities Exemption Certificate under the above noted legislation; and
Whereas, the Rochester Hills City Council has reviewed the application and 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, 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 valorem property tax in the City of Rochester Hills in which the facility is located.
b. Completion of the facility is calculated to, and will at the time of issuance of the certificate, have the reasonable likelihood to retain and create employment.
c. Completion of the facility does not constitute merely the addition of machinery and equipment for the purpose of increasing productive capacity, but rather is primarily for the purpose and will primarily have the effect of providing a new facility on industrial property.
d. The construction of the industrial facility meets the objectives of job creation within the established industrial corridor of the City of Rochester Hills.
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