Title
Request for Approval of an Industrial Facilities Exemption Certificate for AdduXi, Inc., 1857 Enterprise Dr., Rochester Hills, Michigan 48309 for new Personal Property for a period of five (5) years
Body
Whereas, pursuant to PA 198 of 1974, as amended, after a duly noticed Public Hearing held on October 6, 2014, the Rochester Hills City Council by resolution established that AdduXi, Inc. is located within an Industrial Development District; and
Whereas, the Industrial Development District is that property located at 1857 Enterprise Dr., Rochester Hills, also known as Parcel Number 15-28-302-011, and further described as:
T3N, R11E, SEC 28 TAN INDUSTRIAL PARK E 20 FT OF LOT 5, ALL OF LOT 6, LOT 7 EXC E 225 FT, ALSO LOT 8 EXC E 225 FT AND EXC W 25 FT OF E 250 FT OF S 20 FT 12/23/85 FR 010; and
Whereas, AdduXi, Inc. filed a new application for an Industrial Facilities Exemption Certificate for personal property on September 12, 2014 for personal property to be acquired and installed at the facility within the Industrial Development District; and
Whereas, in its application, AdduXi, Inc. has indicated that it is experiencing tremendous sales growth in its North American market and plans to purchase $3,532,190 in new equipment, machinery, furniture and computers within the next two years, creating an additional 40 jobs; and
Whereas, installation of new equipment had not begun earlier than six months before September 12, 2014, the date of acceptance of the application for the Industrial Facilities Exemption Certificate; and
Whereas, before acting on said application, the Rochester Hills City Council held a Public Hearing regarding at City Council's Regular Meeting of October 6, 2014, at 1000 Rochester Hills Drive, Rochester Hills, MI 48309 at 7:00 p.m. in which the taxing authorities, applicant, Assessor and the public were given an opportunity to be heard; and
Whereas, the Rochester Hills City Council has reviewed the application and made the following...
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