Title
Request to Establish a Plant Rehabilitation District at 1350 W. Hamlin Road
Body
Whereas, the City of Rochester Hills Administration is requesting that a Plant Rehabilitation District be established at 1350 W. Hamlin Road., further 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 Rochester Hills City Council held a public hearing regarding this request at the Regular Meeting of September 20, 2010 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 a Plant Rehabilitation District is consistent with the objectives of the City for industrial development and the creation of new employment opportunities.
Now, Therefore, Be It 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 property comprising not less than 50% of the state equalized valuation of the industrial property within the district is obsolete, and
Be it Further Resolved, th...
Click here for full text