Title
Request to approve the establishment of an Industrial Development District at 2700 Product Dr., Rochester Hills, Michigan
Body
Whereas, Webasto Roof Systems, Inc. has requested that an Industrial Development District be established at 2700 Product Dr., further known as Tax Parcel No. 15-28-303-017, and further described as:
Lots 16, 17, 18, 19, 20 and 21, TAN Industrial Park, as recorded in Liber 184 of Plats, Pages 15 through 18, Oakland County Records; and
Whereas, the Rochester Hills City Council held a public hearing regarding this request at the Regular Meeting of June 22, 2009 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 objectives of the City for industrial development and the creation of new employment opportunities.
Resolved, that the Rochester Hills City Council 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 an Industrial Development District.