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Request for Tax Abatement by Lutheran Social Services for renovations to Danish Village, 2566 Walton Boulevard (Dan Casey, Manager Economic Development, Planning and Development Department)
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Whereas, Danish Village, located at 2566 Walton Boulevard, further identified as Parcel No. 70-15-08-376-002, is currently tax exempt pursuant to Section 211.7d of the General Property Tax Law, Act 206 of 1893, as amended; and
Whereas, the exempted taxes are reimbursed to the City of Rochester Hills by the State Department of Management and Budget under this provision; and
Whereas, Lutheran Social Services of Michigan (LSSM), owners of Danish Village, is applying for Low Income Housing Tax Credits, a MSHDA Program, in order to refinance and make improvements to the property; and
Whereas, LSSM is requesting a Payment in Lieu of Taxes (PILOT) of 4% for a period of 45 years, as permitted under the MSHDA Program; and
Whereas, the City of Rochester Hills is committed to providing affordable housing to seniors; and
Whereas, the City has adopted a Code of Ordinances, Community Development, Article II, entitled Tax Exempt Housing to provide for PILOT agreements for eligible affordable housing facilities.
Resolved that the Rochester Hills City Council authorizes the City Attorney to draft an Ordinance establishing the provisions of a PILOT between the City of Rochester Hills and Danish Village Limited Dividend Housing Association, LP after receipt of certification by MSHDA identifying the facility as tax exempt under its programs.
Be It Further Resolved that a certified copy of this resolution be provided to LSSM as evidence of City Council's support of its application to MSHDA.