05/27/2008 - City of Coldwater

RESOLUTION NO. 08-10City of ColdwaterIndustrial Facilities Tax Exemption Certificate RevocationCamshaft Machine Co., LLC491 W. Garfield AvenueColdwater, Michigan 49036WHEREAS, on November 12, 2007, the City Council of the City of Coldwater approved anIndustrial Facilities Tax Exemption for new personal property for (6) six years in the amountof $1,750,000 and (3) three years for real property in the amount of $250,000, in favor ofCamshaft Machine Co., LLC, 491 W. Garfield Avenue, Coldwater, Michigan, County ofBranch, and the Michigan State Tax Commission (the “Commission) issued Certificate No.2008-007 (the “Certificate”); andWHEREAS, Public Act 198 of 1974, MCL 207.565 (the “Act) states in part that the localgovernmental unit may by resolution request the Commission to revoke a certificate if thepurpose for which the certificate was issued is not being fulfilled; andWHEREAS, Camshaft Machine Co., LLC, has not proceeded with the operation of thefacility; therefore, not fulfilling the requirements and the intent of the Act.THEREFORE, the City Council of the City of Coldwater approves this Resolution revokingthe Real Property and Personal Property Industrial Facilities Tax Exemption Certificate No.2008-007.NOW THEREFORE, the City Council of the City of Coldwater requests the Commission torevoke the Real Property and Personal Property Industrial Certificate No. 2008-007 forCamshaft Machine Co., LLC, and requests that the Commission proceed to revoke theCertificate in accord with the Act.Ayes:Nays:Resolution Declared Adopted.Ruth Ann Volkmer, City ClerkI, Ruth Ann Volkmer, City Clerk, hereby certify that the above Resolution No. 08-10 is a trueand complete copy adopted by City Council at a Regular Meeting held May 27, 2008.Date: _______________________________________Ruth Ann Volkmer, City Clerk