Title
Resolution Setting a Public Hearing on January 5, 2009 to Receive Public Comment on the Application of Edwards Brothers Inc., for an Industrial Facilities Exemption Certificate in Industrial Development District No. 2007-010
Memorandum
Attached please find for Council action the necessary resolution to set a public hearing on the application of Edwards Brothers Inc., for an industrial facilities exemption certificate in Industrial Development District No. 2007-010 established by City Council on August 6, 2007.
Edwards Brothers Inc. has an existing abatement for previous investments in equipment and has maintained their employment level of 480 employees consistent with their abatement agreement with the City. The company faces competition from many sources and needs to continue investing in equipment to remain competitive. Edward Brothers Inc. has locations outside Michigan where investments could be made but would like to continue to invest in Ann Arbor rather than one of their other locations. The company is requesting an abatement on new equipment purchases planned for the present year.
State law requires that a public hearing be scheduled by the local governing body upon receipt of an application for an industrial facilities exemption certificate in an established development district. Edwards Brothers Inc. filed an application with the City Clerk on November 26, 2008.
Staff
Prepared by: David Petrak, City Assessor
Reviewed by: Tom Crawford, Chief Financial Officer
Body
Whereas, Pursuant to P.A. 198 of 1974, as amended (“Act”), after a duly noticed public hearing held on August 20, 2007, the City of Ann Arbor City Council established Industrial Development District No. 2007-010;
Whereas, Pursuant to Section 7a of the Act, on November 26, 2008, Edwards Brothers Inc., filed an application with the City Clerk for an Industrial Facilities Exemption Certificate for real property improvements to be constructed and new personal property to be acqui...
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