8/13/13 - A tax abatement previously granted for a business in the City of Howell was revoked by Council on Monday night but strictly as a legal formality. In 2006, Council granted an Industrial Facilities Tax Exemption certificate for Marelco Power Systems. The company has ceased manufacturing operations at its Howell location and was fully dissolved on August 1st. As a result, Marelco requested revocation of the IFT certificate. A letter of agreement that was reached stated specific performance requirements for the term of the abatement and since it is no longer operating in the City, it is considered non-compliant with the terms of its tax abatement. Council approved a resolution Monday night requesting that the State Tax Commission revoke the abatement, which was in the amount of $1.3 (m) million for real property and $162,500 for personal property. It began on December 31st, 2006 and was to end in December of 2018. (JM)
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