HomeMy WebLinkAboutResolutions - 1998.05.07 - 25458G AND BUILDI COMMITTEE PL
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May 7, 1998
MISCELLANEOUS RESOLUTION #98109
BY: PLANNING AND BUILDING COMMITTEE, CHARLES E. PALMER, CHAIRPERSON
IN RE: DEVELOPMENT AND PLANNING DIVISION RESOLUTION APPROVING PROJECT AREA AND
PROJECT DISTRICT AREA (RICHARD TOOL & DIE CORPORATION PROJECT) - LYON CHARTER
TOWNSHIP
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 (Richard Tool & Die Corporation 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 Project Area as designated by the
EDC to this Board is hereby certified as approved; and
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; and
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; and
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 Vote:
Motion carried unanimously on a roll call vote.
Richard Tool & Die Corporation
City of Farmington Hills
CDC No. 98-5
Company:
Project:
Richard Tool & Die Corporation, incorporated in Michigan in 1966, with its
principal place of business located in Farmington Hills, Michigan. Richard
Tool & Die is owned 100% by Richard A. Heidich, Chairman & CEO. The
company is in the business of designing and manufacturing metal stamping
tools and dies primarily for suppliers to the domestic automotive
manufacturers. They currently employ 68 people who generated
approximately $8,500,000 in revenues in 1997.
The project consists of the acquisition of approximately 8.5 acres of land and
the construction of a new 50,000 sq. ft. manufacturing facility to design and
build metal stamping tools and dies.
The project also includes the acquisition and installation of new machinery
and equipment, including transfer press, CNC machines. horizontal and
vertical milling machines, grinders and other metal machining equipment.
Location: William K. Smith Drive, near intersection of Grand River and South Hill
Rd., Lyon Township
Project Cost: Land $1,250.000
Building (purchase or construction) 3,500.000
Site Work (land prep.. landscaping) 200,000
Machinery and Equipment 1,750.000
Engineering Fees 50.000
Legal Fees 35.000
Financing Fees & Costs 115.000
Total Project Cost $6,900.000
Job Impact: The project number of new permanent jobs to be created is 25, 20 skilled, 5
unskilled. The total number of jobs retained is 68, 5 professional, 55 skilled,
8 unskilled.
Owner: Richard A. Heidrich, Chairman & CEO is 100% shareholder
Prior Approvals: 1. County EDC: Resolution of Inducement (4-21-98)
2. County EDC: Resolution Designating Project Area/Project District Area
& Requesting Appointment of Additional Directors (4-21-98)
3. County Executive: Appointment of Additional Directors (4-21-98)
Resolution #98109
Moved by Palmer supported by Powers
AYES: Kaczmar, Kingzett, McCulloch,
Palmer, Powers, Schmid, Taub, Wolf, Amos,
Gregory, Huntoon, Jensen, Johnson. (21)
NAYS: None. (0)
May 7, 1998
the resolution be adopted.
McPherson, Millard, Moffitt, Obrecht,
Coleman, Devine, Douglas, Garfield,
A sufficient majority having voted therefor, the resolution was adopted.
E FOREGOING RESOLUTION
16EV Executive Date
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Lynn D. Allen, 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 May 7, 1998 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 7th day of May 199.A„
Lynn D. Allen, County Clerk