HomeMy WebLinkAboutResolutions - 2012.04.18 - 20170MISCELLANEOUS RESOLUTION :#12089 April 18, 2012
BY: PLANNING AND BUILDING COMMITTEE, David Potts, CHAIRPERSON
IN RE: PLANNING AND ECONOMIC DEVELOPMENT SERVICES DIVISION RESOLUTION
APPROVING PROJECT AREA AND PROJECT DISTRICT AREA (TRAXYS POWER GROUP, INC.
PROJECT) - CITY OF PONTIAC
To the Oakland County Board of Commissioners
Chairperson, Ladies and Gentlemen:
WHEREAS there exists in the County of Oakland the need for projects to alleviate and prevent
conditions of unemployment, to assist and retain local industrial and commercial enterprises in order to
strengthen and revitalize the County's economy and to encourage the location and expansion of such
enterprises to provide needed services and facilities to the County and its residents; and
WHEREAS the Economic Development Corporations Act, Act No. 338 of the Michigan Public
Acts of 1974, as amended (the "Act") provides a means for the encouragement of such projects in this
County through the County's Economic Development Corporation (the "EDC"); and
WHEREAS the EDC has commenced proceedings under the Act for the benefit of such a project
(Traxys Power Group, Inc. Project) and has designated to this Board of Commissioners a Project Area
and Project District Area for its approval.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners hereby
certifies and approves the Project Area as designated by the EDC.
BE IT FURTHER RESOLVED that, it having been determined that the territory surrounding said
designated Project Area will not be significantly affected by the Project because the surrounding territory
is devoted to commercial/industrial uses, a Project District Area having the same description as and
boundaries coterminous with the Project Area herein certified as approved be hereby established.
BE IT FURTHER RESOLVED that, it having been determined that there are less than eighteen
residents, real property owners, or representatives of establishments located within the Project District
Area, a Project Citizens District Council shall not be formed pursuant to Section 20(b) of the Act.
BE IT FURTHER RESOLVED that the County Clerk is hereby directed to provide four certified
copies of this resolution to the Secretary of the Board of the EDC.
Chairperson, on behalf of the Planning and Building Committee, I move the adoption of the
foregoing resolution.
PLANNING AND BUILDING COMMITTEE
PLANNING & BUILDING COMMITTEE VOTE:
Motion carried unanimously on a roll call vote with Crawford, Nuccio and Jackson absent.
Traxys Energy Group
City of Pontiac
EDC No. 12=01
Company:
Project:
The Traxys Power Group (TPG), located in White Pine, Michigan, has a number of power
assets in its control. L'Anse Warden Electric Company, LLC (LWEC) is a 20 megawatt
converted coal to biomass plant with 20 employees. LWEC has a revenue stream of over
$15m annually. White Pine Electric Power (WPEP), located in White Pine, Michigan, is a
40 megawatt coal plant that has engineered plans of converting to biomass in 2013. WPEP
presently employs 20 people.
TPG employs 45 people with annual revenue of $18 million. TPG is wholly owned by the
parent company, Traxys NA, which is headquartered in New York and has 20 global
offices, 260 employees and posts $4 billion in revenue annually.
TPG will purchase the former Fiero GM Pontiac coal plant from DTE. The 25 MW coal
plant will be converted to bum biomass to export and sell green energy to DTE on a 20-
year Power Purchase Agreement (PPA). Part of this conversion include a new wood yard
structure covering 240,000 square feet, screen, a hog, new conveyors, magnets, and wood
storage area. Interior modifications consist of a rebuild of the turbine, boiler modifications
and emissions upgrades to equipment. The biomass is primarily expected to consist of
wood waste. Borrower intends to qualify the project as a solid waste disposal facility for
purposes of the issuance of tax exempt private activity bonds by the EDC.
Location: 900 Baldwin Rd. Pontiac, MI 48340
Project Financing: EDC Bond: $28.000,000
Equity: $ 6.000,000
$34,000,000
Project Cost: Land $3,000,000
Building (Purchase & Construction) $7,000,000
Building (Renovations) $4,000,000
Site Work $3.000,000
Machinery & Equipment $13,000,000
Engineering Fees $2,000,000
Professional Fees $500.000
Financing Fees & Costs $1,000,000
Other Costs $500,000
Total Project $34,000,000
Job Impact: Jobs Created
Unskilled: Service: Professional: 3
Technical: Semi-Skilled: Managerial:
Clerical: 1 Skilled: 23 Sales:
Owner: Traxys Power Company LLC (TPG)
Prior Approvals:
1. County EDC: Resolution of Inducement (2/28/2012)
2. County EDC Resolution Recommending Project Area, Project District Area & Requesting Appointment of
Additional Directors (2/28/2012)
Traxys Power Group
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Disclaimer: The information provided herewith has been compiled from recorded deeds oakiand county,
plats, tax maps, surveys and other public records. It is not a legally recorded reap or micrtriam
survey and is not intended to be used as one. Users shoulo consult the information L. Brooks Patterson sources mentioned above when questions arise. Oakland County Executive 1 inch = 400 feet
C - kland County One Stop Shoo 2100 Pontiac Lake Road Bldg. 41 West Waterford, MI 48328 Phone: 248-858-0720 Web; http://wwwoakgov.com/oss
N-100461
Exhibit 'A1'
PARCEL 1:
Part of the West 1/2 of Section 17, bounded on the East by the Grand Trunk Western Railroad, on the North
Tennyson Avenue, on the West byBaldwin .Avenue, also -vacated .bart:of Tennyson Avenue:of:BALDWIN
PARKr adj cent"the reto
All that,part of the East 112 of the Northeast 114 of Section 20, Town 3 North, Range 1:0 East, Beginning in
the center line Of the highway known as Kennett Road, now vacated, at its interse ction with the Westerly
line of the Pontiac, Oxford and Northern branch of the Grand Trunk Railroad, running thence along the
Westerly linsof the said Railroad right4of ,way North 05 degrees, 42 minutes 50.5 seconds West 1028,03
feet to a pint in the We.st line of said right-Of-way; thence. South 84 degrees, 10 minutes 418 seconds
West, 11319.43 feet to -a ,point in the center of Balawin.Avenue; thence South 6 degrees 28 minutes 58
seconds East, 64E74 feet along the center line of Baldwin Avenue to its intersection with the center line of
Kennett Road; thence South 79 degrees, 35 minutes 31 seconds East, 1364,.71 feet along the center line of
Kennett Road, now .vacated, to -the point of 'beginning.
Also, Part oft he Southeast 1../4.,of..Section:17 and 'part of theNottheast.1/4 ..of:Section 20, Town 3.:North,
Range ID East, ::City. of.Pontiac,:06kland .County, ,descrIbeilas,a1.: foot:strip of land lying East of and parallel
to theWeSt linefGrand•Trunk We -stern:Railroad ,Right-of—Way. eXtending:' North ..D5- degrees- 54 minutes 00
seconds West, 14'57M:feet from the Northerly line of Kennett.Avenue. to-the Southerly:tine:of vacated
Tennyson.. Avenue.
PARCEL 2:
Lots GO through 74 Inclusive; Lots 103'Ihrough 126 inclusive; Lots 159 through 178 inclusive; Lots 215
through 241 incizive; Lot 245 through 262 inclusive, ZVIC IMPROVEMENT COMPANY'S MARQUETFE
SUBDIVISION, as recorded in Liber 22; Page 15 of Plat, Oakland County Records, including vacated I-tart
.Streetancl Foulk5treet, also including ivacated portions of'Owen Street from Portland Street to the East line
of said subdivision, also Including portions of vacated Portland Street, Wing Street and Young Street from
the North line of Owens Street to the South line..of Owens :Streettolhe South line of Kennett Avenue from
the East line of _St. Clair Street to the:East:line of said subdivision.
Resolution #12089 April 18, 2012
Moved by Crawford supported by Middleton the resolutions (with fiscal notes attached) on the amended
Consent Agenda be adopted (with accompanying reports being accepted).
AYES: Crawford, Dwyer, Gershenson, Gingell, Gosselin, Hatchett, Jackson, Long, Matis,
McGillivray, Middleton, Nash, Nuccio, Potts, Quarles, River, Runestad, Scott, Taub, Weipert,
Woodward, Zack, Covey. (23)
NAYS: None. (0)
A sufficient majority having voted in favor, the resolutions (with fiscal notes attached) on the amended
Consent Agenda were adopted (with accompanying reports being accepted).
I HEREBY APPROVE THE FOREWESOLLITION
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Bill Bullard Jr., Clerk of the County of Oakland, do hereby certify that the foregoing resolution is a true
and accurate copy of a resolution adopted by the Oakland County Board of Commissioners on April 18,
2012, with the original record thereof now remaining in my office.
In Testimony Whereof, I have hereunto set my hand and affixed the seal of the County of Oakland at
Pontiac, Michigan this 181" day of April, 2012.
E,LLE eca,1 09,1.
Bill Bullard Jr., Oakland County