Title
Resolution to Approve Industrial Facilities Exemption Certificate between the City of Ann Arbor and AVL Powertrain Engineering, Inc.
Memorandum
Attached for your review and approval is a resolution and proposed abatement agreement (Industrial Facilities Exemption Certificate) for AVL Powertrain Engineering, Inc. The purpose of this abatement is to attract and retain corporate investment in the City of Ann Arbor.
AVL Powertrain Engineering, Inc. 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 $2,620,000 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 alternative vehicle energy business is continually changing with new and faster technology and AVL Powertrain Engineering needs to expand its space, replace, and acquire new equipment for emissions testing, with anticipation of 22 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: Tom Crawford, Chief Financial Officer
Approved by: Roger W. Fraser, City Administrator
Body
Whereas, Pursuant to P.A. 198 of 1974, as amended, after a duly noticed public hearing held August 6, 2009, the City of Ann Arbor City Council established Ann Arbor Industrial Development District No. 2009-030, as requested by AVL Properties;
Whereas, Pursuant to Section 5 of Act 198, AVL Powertrain Engineering, Inc. 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. 2009-030;
Whereas, Before acting on said application, the City Coun...
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