Title
Request for Approval for Avon Gear Company to relocate equipment subject to Industrial Facilities Exemption Certificate #2006-567 to Shelby Township.
Body
Whereas, The City of Rochester Hills and Avon Gear Co. entered into a Development Agreement ("the Agreement") on October 23, 2006 regarding the approval and conditions thereof for an Industrial Facilities Exemption Certificate (IFT), and
Whereas, Section 9 of the Agreement provides for penalties should Avon Gear leave the community or remove the equipment from the facility prior to the expiration of the IFT, and
Whereas, Public Act 198 of 1976, as amended, requires that communities and companies that receive approval for IFT's enter into an agreement that identifies the responsibilities of each party.
Resolved, to exercise Section 9 of the Development Agreement between the City of Rochester Hills and Avon Gear Co. should the equipment subject to the IFT be removed from the facility and/or Avon Gear Co. relocates the operation at 2770 Research Dr. to another community, and
Be It Further Resolved, that should it become necessary to exercise Section 9 of the Development Agreement, the City will require full repayment of the abated taxes in the amount of $15,098.07 plus an additional $1,207.84 in interest for the 2007 tax year, and
Be It Finally Resolved, that should Avon Gear Co. not repay the abated taxes and interest as required by Section 9 of the Development Agreement, the City will place a lien on the tax rolls of the City and/or County, which lien may not be discharged until the payment thereof and which lien shall be treated in the same manner as delinquent taxes.