Title
Resolution Rescinding Resolution R-09-287 and Setting a Public Hearing on August 6, 2009 to Receive Public Comment on the Application of AVL Inc, Located at 1801 E. Ellsworth, for an Industrial Facilities Exemption Certificate in Industrial Development District No. 2009-030
Memorandum
Attached please find for Council action the necessary resolution to set a public hearing on the application of AVL Inc., for an industrial facilities exemption certificate in Industrial Development District No. 2009-030 established by City Council on July 6, 2009.
State law requires that a public hearing be scheduled by the local governing body on receipt of an application for an industrial facilities exemption certificate in an established development district. On July 6, 2009, City Council passed Resolution R-09-287 setting the public hearing for August 6, 2009 with the expectation that AVL Inc. would present their application to the Clerk on July 6, 2009 following the approval of the Industrial Development District by City Council. However, the Applicant failed to file the application for industrial facilities exemption certificate on July 6, 2009. AVL Inc. subsequently filed the application on July 7, 2009. Staff recommends that this new resolution be approved in order to comply with State law regarding timelines.
AVL Inc is requesting an abatement on $1,200,000.00 of real property improvements and $1,420,000.00 of personal property. If approved this will reduce AVL Inc.’s annual tax bill for the new improvements by an average of approximately $21,300.00 for each year of the abatement. The new real and personal property investments will generate approximately $24,900.00 in property taxes for each year during the abatement period.
Staff
Prepared by: David Petrak, City Assessor
Reviewed by: Tom Crawford, Chief Financial Officer
Approved by: Roger W. Fraser, City Administrator
Body
Whereas, Pursuant to P.A. 198 of 1974, as amended (“Act”), after a duly noticed ...
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