Title
Request for Approval of an Industrial Facilities Exemption Certificate for KOSTAL Kontakt Systeme, Inc.
Body
Whereas, KOSTAL Kontakt Systeme, Inc, is proposing to locate within a Plant Rehabilitation District under the "Plant Rehabilitation and Industrial Development Districts Act of 1974," as amended, and
Whereas, the Plant Rehabilitation District is that property located at 1350 W. Hamlin Rd., also known as Tax Parcel No. 15-21-476-054, and further described as:
T3N, R11E, SEC 21 PART OF S ½ OF SEC BEG AT PT DIST N 86-10-50 E 2305.96 FT FROM SW SEC COR, TH N 03-49-10 W 662.30 FT, TH N 86-10-50 E 99.46 FT, TH ALG CURVE TO LEFT, RAD 24.25 FT, CHORD BEARSN 41-54-25 E 33.86 FT, DIST 0F 37.48 FT TH N 02-22-00 W 36.13 FT TH N 88-18-43 E 1.29 FT, TH N 03-48-58 W 35.16 FT, TH N 86-02-13 E 187 FT, TH N 03-48-32 W 205.40 FT, TH N 86-02-13 E 100 FT, TH S 03-48-32 E 965.77 FT, TH S 86-45-45 W 245.14 FT, TH S 86- 10-50 W 167.64 FT TO BEG 7.39 A 09-05-00 FR 048 & 049; and
Whereas, the Plant Rehabilitation District was established on September 20, 2010, and
Whereas, KOSTAL Kontakt Systeme, Inc has made application to the Rochester Hills City Council for an Industrial Facilities Exemption Certificate under the above noted legislation, and
Whereas, a Public Hearing regarding this request was held at City Council’s Regular Meeting of September 20, 2010 in which the taxing authorities, applicant and public were given an opportunity to be heard, 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 ...
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