Title
Resolution to Approve Industrial Facilities Exemption Certificate Between the City of Ann Arbor and Mercedes-Benz Research and Development North America, Inc.
Memorandum
Attached for your review and approval is a resolution and proposed abatement agreement (Industrial Facilities Exemption Certificate) for Mercedes-Benz Research & Development North America. The purpose of this abatement is to attract and retain corporate investment in the City of Ann Arbor.
Mercedes-Benz Research & Development North America is an Ann Arbor based company that is in the business of vehicle emissions testing and supporting research. The company is requesting an abatement of $7,231,806 of real property improvements and equipment (see addendum to the attached proposed agreement).
City Administration recommends approval of this abatement request for the following reasons:
- The vehicle emissions business is continually changing with new and faster technology and Mercedes-Benz needs to expand its space, replace and acquire new equipment for emissions testing, with anticipation of 2 new employees resulting from the expansion to this facility.
- The attraction and retention of these operations is consistent with the City and SPARK’s economic growth objectives.
Staff
Prepared by: David Petrak, City Assessor
Reviewed by: Matthew Horning, Treasurer and Acting CFO
Body
Whereas, Pursuant to P.A. 198 of 1974, as amended, after a duly noticed public hearing held April 7, 2008, the City of Ann Arbor City Council established Ann Arbor Industrial Development District No. 2008-030, as requested by Mercedes-Benz;
Whereas, Pursuant to Section 5 of Act 198, Mercedes-Benz Research & Development North America has filed an application for Industrial Facilities Exemption Certificate with respect to real property improvements and new personal property to be acquired and installed within Ann Arbor Industrial Development District No. 2008-030;
Whereas, Before acting on said application, th...
Click here for full text