Title
Request to establish an Industrial Development District at 1840 Enterprise Drive, Rochester Hills, MI 48309
Body
Whereas, First Industrial Realty Trust, as owner of certain industrial property in the City of Rochester Hills, Oakland County, Michigan, has filed a request with the City of Rochester Hills City Council for the establishment of an Industrial Development District under the "Plant Rehabilitation and Industrial Development Districts Act of 1974," as amended; and
Whereas, the proposed industrial development district is that property located at 1840 Enterprise Drive, Rochester Hills, Michigan, more particularly described as:
E, Sec 28 Tan Industrial Park Lots 44 & 45 11/06/87 FR 003 & 004
Whereas, the Rochester Hills City Council held a public hearing regarding this request at the Regular Meeting of January 24, 2007 at 7:30 p.m. in the Council Chambers, at 1000 Rochester Hills Drive, Rochester Hills, Michigan, during which the owner of the property and all interested parties were given the opportunity to be heard; and
Whereas, the establishment of an Industrial Development District is consistent with City objectives 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 the above listed legal description is hereby designated as an Industrial Development District.