Title
Request for an Industrial Facilities Exemption Certificate (IFT) for personal property at 2965 Technology Drive, Rochester Hills, MI 48309
Body
Whereas, American Axle and Manufacturing, 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 2965 Technology Drive, Rochester Hills, Michigan, more particularly described as follows:
E, SEC 29 & 30 ROCHESTER HILLS EXECUTIVE PARK S 207 FT OF LOT 35, ALSO ALL OF LOT 36 6/9/03 FR 009 & 010.
Whereas, American Axle and Manufacturing, 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 to consider this request was held on January 3, 2007 at 7:30 p.m. in the Council Chambers, located at 1000 Rochester Hills Drive, in Rochester Hills, Michigan, during which the owner of the property and all interested parties were given the 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 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 facilit...
Click here for full text