Approved Agreements and Contracts 2026/04/14 Industrial Facilities Exemption 2246 Olthoff AB Electrical Wires

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                                                                           L026-26 CC)



                                   m7 MUSKEGON
                           Agenda Item Review Form
                          Muskegon City Commission

Commission Meeting Date: April 14, 2026                 Title: PA 198 Industrial Facilities Exemption - 2246
                                                         Olthoff Dr.


Submitted by: Isabela Gonzalez, Development              Department: Economic Development
Analyst


Brief Summary:
Pursuant to Public Act 198 of 1974, as amended, A.B. Electrical Wires, Inc., 2246 Olthoff Dr., has
requested the issuance of an Industrial Facilities Exemption Certificate for the property located at
2246 Olthoff Dr.

Detailed Summary & Background:

A.B. Electrical Wires, Inc. is requesting an Industrial Facilities Exemption (IFT) certificate for real property
improvements at 2246 Olthoff Dr., located within the Port City Industrial Park, an area designated as
an Industrial Development District in 1983. The company is proposing a real property investment of
approximately $3,243,486 to support the expansion of its existing facility, including the construction of
an addition totaling approximately 39,750 square feet.

A.B. Electrical Wires, Inc. specializes in the design, engineering, and manufacturing of wire and cable
harness assemblies and industrial control panel solutions Used across a wide range of industries. The
proposed expansion will support increased production capacity and continued growth of the
company’s operations.

In addition to the physical expansion, the company anticipates creating over 30 new jobs within the
next two years, further contributing to local employment and economic development within the City
of Muskegon.

The company has also signed the City's Equal Employment Opportunity and Inclusive Workforce
Development Letter, affirming its commitment to building a workforce that reflects the diversity of the
community. The City’s EEO & Employee Relations Director, in collaboration with the Economic
Development Department, will monitor the company’s progress toward these workforce goals.

Following review, the City’s Internal Tax Committee recommends approval of a 12-year abatement
term for the proposed investment.



Goal/Action Item:
2027 Goal 2: Economic Development Housing and Business - Progress toward new and ongoing
economic development projects


Is this a repeat item?:
Explain what change has been made to justify bringing it back to Commission:
Amount Requested:                                     Budgeted ltem:

N/A                                                   Yes            No           N/A ||
Fund(s) or Account(s):                                Budget Amendment Needed:

N/A                                                   Yes            No           N/A ||
Recommended Motion:
| move to close the public hearing and approve the Industrial Facilities Exemption Certificate for A.B.
Electrical Wires, Inc., 2246 Olthoff Dr., and further authorize the Mayor and City Clerk to execute the
resolution and all related agreement documents, as presented.


Approvals:                                            Name the Policy/Ordinance Followed:
Immediate Division                              |    City of Muskegon Tax Incentives Policy

Head

Information
Technology

Other Division Heads

Communication

Legal Review
                                                                                                                                                           RECEWED



Michigan Department of Treasury                                                                                                                           EB 2 I 2026
                                                                                                                                                        F Ga'cumER EON
1012 (Rev. 09-22), Page 1 of4
Application for Industrial Facilities Tax Exemption Certificate = °ormTMssves
Issued under authority of Public Act 198 of 1974, as amended. Filing ls mandatory.


INSTRUCTIONS: File the completed application and the required attachments with the clerk of the local government unit. If you have any
questions regarding the completion of this form, call 517-335-7491.



                                                          To be completed by Clerk of Local Government Unit
Sighatura-ef    Clerk                  cs                                                          > Date Recelved by Local Unit


                                                                                       STC Use Only
  > Application Number                                                                              > Date Received by STC



APPLICANT INFORMATION
All boxes must be completed.
  > 1a, Company Name (Applicant must be the occupanVoperator of the facllity)                       > 4b. Standard Industral Classification (SIC) Code - Sec. 2(10) (4 or 6 Digit Code)
   A.B. Electrical Wires, Inc. / RWD Properties, LLC                                                  3600
  > 1c. Facllily Address (City, State, ZIP Code) (real and/or personal property location) | > 1d. City/Township/Village (indicate which)                  > 19, County
   2246 Olthoff Drive, Muskegon, Ml 49444                                                          Muskegon                                               Muskegon
  > 2. Type of Approval Requested                                                                   > 3a, Schoo! District where facllity Is located       > 3b. School Code
          New (Sec. 2(5))                                     Transfer                              OV                                                   61190
          Speculative Bullding (Sec. 3(8))                    Rehabilitation (Sec. 3(6)) |4. Amount of years requested for exemption (1-12 Years)
          Research and Development (Sec. 2(10))                        Increase/Amendment | 42
 5. Per section 5, the applicallon shall contain or be Asciiparied by a general description of the facility and a general description of the proposed use of the facllity, the general
 nalure and extent of the restoratlon, replacement, or construction to be undertaken, a descriptive list of the equipment that will be part of the facility. Attach additional page(s) If
 more room Is needed.

  Addition of 39,750 sq/ftAdding over 50 plus jobs in assembling, accounting, engineering, customer service, panel build,
  etc. We build, engineer and manufacturer wire and cable harness assemblies along with industrail control panel
  solutions that are utilized in almost every industry.



  6a. Cost of land and building Improvements (excluding cost of land)                          ;                     .         at       4      d $3,243,486.00
        * Attach list of improvements and associated costs.                                                                                           Real Property Costs
        * Also attach a copy of building permit If project has already begun.
                                                                                                                                                » 468,107.96
  6b. Cost of machinery, equipment, furniture and fixtures. .........
           * Attach Itemized listing with month, day and year of beginning of installation,
                                                                                        plus total                               +=—~S«é~              er nal Propperrty Coossts
  6c. Total Project Costs...                 en                                          ee            ee        i                  oP $3,711,593,96
   * Round Costs to Nearest Dollar                                                                                                                    Total of Real & Personal Costs
 7. Indicate the time schedule for start and finish of construction and equipment installation. Projects must be completed within a two year period of the effective date of the
 carlificate unless otherwise approved by the STC.

                                                     Begin Date (M/D/Y)                            End Date (M/D/Y)
    Real Property Improvements                   b 02/27/2026                               12/31/2026                              d       Owned [ | Leased
    Personal Property Improvements >                                                                                                d [ | Owned [ | Leased

   > 8. Are State Education Taxes reduced or abated by the Michigan Economic Development Corporation (MEDC)? If yes, applicant must altach a signed MEDC Letter of
  Commilment to receive this exemption. [ | Yes                          No
   > 9. No. of existing Jobs at this facility (hat will be retained as a result of this project. | > 10. No. of new jobs at thls facility expected to creale within 2 years of completion.
     106                                                                                             30 Plus
  11. Rehabilitation applications only: Complete a, b and c of this section. You must altach the assessor's statement of SEV for the entire plant rehabilitation district and
  obsolescence statement for property. The Taxable Value (TV) data below must be as of December 31 of the year prior to the rehabilitation.

     a. TV
         of Real Properly (excluding land)

     b. TV of Personal Property (excluding Inventory)
     c. Total TV...                          %                     :

   > 12a. Check the type of District the facllily is located In:

                        Industrial Development District                       [_] Plant Rehabilitation District
   > 12b. Date district was established by local government unlit (contact local unlit)              > 12c. Is this application for a speculative bullding (Sec. 3(8))?
               07/26/1983                                                                                     [| Yes                No
1012, Page 2 of4



APPLICANT CERTIFICATION - complete all boxes.
The undersigned, authorized officer of the company making this application certifies that, to the best of his/her knowledge, no information contained herein or
in the attachments hereto is false in any way and that all are truly descriptive of the industrial property for which this application Is being submitted.

It is further certified that the undersigned is familiar with the provisions of P.A. 198 of 1974, as amended, being Sections 207.551 to 207.572, inclusive, of the
Michigan Compiled Laws; and to the best of his/her knowledge and belief, (s)he has complied or will be able to comply with all of the requirements thereof
which are prerequisite to the approval of the application by the local unit of government and the issuance of an Industrial Facilities Exemption Certificate by
the State Tax Commission.


13a, Preparer Name                           13b. Telephone Number                       13c. Fax Number                                    13d. E-mail Address

   Chris Ritter                                    (231) 571-0526                                                                                [email protected]
14a, Name of Contact Person                  14b. Telephone Number                       14c. Fax Number                                    14d. E-mall Address

   Chris Ritter                                   (231) 571-0526                                                                                 [email protected]
 > 15a. Name of Company Officer (No Authorized Agents)
  A.B. Electrical Wires, Inc. / RWD Properties, LLC
15b. Signature of Com       Office    No Authorized Agents)                              15c. Fax Number                                    15d. Date
                                                                                                                                                 Scorn 2Ooze
 > 15e. Mailing Address (Street, City, State, ZIP Code)                                  15f. Telephone Number                              15g. E-mail Address
   2246 Olthoff Drive, Muskegon, MI 49444                                                    (231) 737-9200                                      [email protected]

LOCAL GOVERNMENT ACTION & CERTIFICATION - complete all boxes.
This section must be completed by the clerk of the local governing unit before submitting application to the State Tax Commission. Check items on file at the
Local Unit and those included with the submittal.

                                                                                         16b. The State Tax Commission Requires the following documents be filed for an
 > 16. Action taken by local government unit
                                                                                         administratively complete application:

   [ | Abatement Approved for               Yrs Real (1-12),         Yrs Pers (1-12)       Check or Indicate N/A if Not Applicable

             After Completion L]yYes [_]No                                                        1. Original Application plus attachments, and one complete copy
                                                                                                            . Resolution establishing district
                                                                                                  aAhwWND




   tal Denied (Include Resolution Denying)                                                                  . Resolution approving/denying application.
                                                                                                            . Letter of Agreement (Signed by local unit and applicant)
 46a. Documents Required to be on file with the Local Unit
                                                                                                            . Affidavit of Fees (Signed by local unit and applicant)
   Check or Indicate N/A if Not Applicable
                                                                                                  CONDO




          1. Notice to the public prior to hearing establishing a district.                ||               . Building Permit for real improvements if project has already begun

          2. Notice to taxing authorities of opportunity for a hearing.                    |_| . Equipment List with dates of beginning of installation
          3. List of taxing authorities notified for district and application action.|    ||                . Form 3222 (if applicable)

          4, Lease Agreement showing applicants tax liability.                             ||               . Speculative building resolution and affidavits (if applicable)

 16c. School Code



 17. Name of Local Government Body                                                        > 18. Date of Resolution Approving/Denying this Application




Attached hereto is an original application and all documents listed in 16b. I also certify that all documents listed in 16a are on file at the local unit for
inspection at any time, and that any leases show sufficient tax liability.

 19a. i            ok                . + aes                   19b. Name of Clerk                                              19c. E-mail Address
                         NQOXx
 19d. Clerk's Malling Address (Street, City, State, ZIP Code) ~
                                                                 Aan Marre. flersebh \onn.pneisch Oshorehinecsty ‘Con
             3 7errace                                              CYOK,                  1/7770
|49e. Telephone Number                                                        a          19f. Fax Number

   (231) 724-672!                                                                           (231) 70
                                                                                                   4- YITE.
State Tax Commission Rule Number 57: Complete applications approved by the local unit and received by the State Tax Commission by October 31 each
year will be acted upon by December 31. Applications received after October 31 may be acted upon in the following year.

 For faster service, email the completed application and additional required documentation to [email protected].

An additional submission option is to mail the completed application and required documents to:

 Michigan Department of Treasury
 State Tax Commission
 PO Box 30471
 Lansing, MI 48909



                                                                                  STC USE ONLY
  ‘> LUCI Code                        > Bagin Date Real                   > Begin Date Personal                      > End Date Real                    > End Date Personal
                              CITY OF MUSKEGON


                      CONTRACT FOR TAX ABATEMENT
                            Act 198 Public Acts of 1974



       AGREEMENT between CITY OF MUSKEGON, a municipal corporation
of 933 Terrace Street, Muskegon, Michigan 49440, (“City”) and A.B. Electrical
Wires, Inc. ("“Company’).

                                         Recitals:


A.   |The Company has applied to City for the establishment of an industrial
development district or Plant rehabilitation district pursuant to the provisions of
Act198 of the Public Acts of 1974, as amended, which act requires a contract
between the City and the Company to be agreed and submitted with the Company’s
subsequent anticipated application for an industrial facilities exemption certificate.

B.     That in addition to the statutory requirement, the City has determined that it
is in the best interests of the taxpayers, property owners and residents of the City
that this Agreement be approved and executed prior to the establishment of the
requested district, and the City deems this Contract, together with the conditions set
forth in the said Act to constitute a necessary element in the City’s determination
whether or not to create the district.

C.    The Company intends to install the project set forth in its application
(“project”) which it believes qualifies for the process of establishing the district and
the application for industrial facilities exemption certificate.

D.    The City, provided this Agreement is executed, will determine whether to
create the district based upon the potential for the production of permanent jobs, the
continuation, stabilization or increase of economic activity, planning and zoning
considerations and the City’s general plan and intentions regarding economic
development. In addition to the City policy considerations and predictions that the
Company’s proposed district and certificate benefit the community in those ways,
the City has further determined that the contractual commitments made by the
Company to thereby assist the community shall be binding on the Company and
necessary to continue the tax exemption made possible by the certificate.

 E. — This contract shall become effective upon the issuance of an Industrial
 Facilities Tax Exemption Certificate.

        NOW THEREFORE THE PARTIES AGREE:
1,      COMPANY AGREEMENT.                 The Company irrevocably commits to the
investment, job retention and job creation promises made in its application, a copy of
which is attached hereto and incorporated herein. In particular the Company agrees:


     1,1 That 100% of the jobs shall be filled and in existence with full-time
     employees by a date no later than two (2) years from the date of the granting of
     the certificate by the State Tax Commission, subject to the provisions of section
     3.4 of this agreement.


     1.2 That the amount of jobs listed on the application, whether new or retained,
     will be maintained through the life of the abatement, subject to the provisions of
     section 3.4 of this agreement.


     1.3 The Company shall meet the affirmative action goal included in the
     application or in any documents supplied by the City and utilized by the
     Company, including any additional representations made to the City Commission
     on or before the date two (2) years after the granting of the certificate by the
     State Tax Commission. It shall maintain the said levels of employment diversity
     during the period of the certificate, subject to the provisions of section 3.4 of this
     apreement.


     1.4 The Company, by the end of two (2) years from the date of the grant of the
     certificate by the State Tax Commission shall have completed the investment of
     $3,243,486 in improvements as shown in the application, subject to the
     provisions of section 3.4 of this agreement.


     1.5 That the improvements and equipment to receive the tax abatement treatment
     shall be completed on or before the date two (2) years from the date of granting
     of the certificate by the State Tax Commission.


     1.6 The Company shall pay its specific taxes required by the act in a timely
     manner, and shall not delay payments so as to incur any penalties or interest.


     1.7 The Company shall fully cooperate with the City representatives in supplying
     all requested and required documentation regarding jobs, investment, the meeting
     of all goals and the timely installation and utilization of equipment and
     improvements. The City shall be entitled to inspect at reasonable hours the
     Company’s premises where the said improvements and equipment have been
     installed and where the said jobs are performed.


     1.8 The Company shall maintain, during the entire period for which the tax
     abatement is granted, the level of jobs, affirmative action goals, production and
     utilization of the improvements and equipment at the site where the district has
     been created and for which the tax exemption has been granted.
     1.9 The Company shall not cause or fail to cure the release of any hazardous
     substance, or the violation of any environmental law on its premises in the City,
     It shall report any releases to the appropriate governmental authority in a timely
     and complete manner, and provide copies of said report documentation to the
     City. It shall comply with all orders and actions of any governmental agency
     having authority.


     1.10      The Company shall maintain the equipment and improvements so as
     to minimize physical or functional obsolescence.

     1.11       The Company shall continue to operate its business location in the
     City, containing the same number of and type of jobs, for the term of the
     certificate.


2,       AGREEMENT BY THE CITY. Provided this contract has been executed
and further provided all applications to create the district and achieve the industrial
facility exemption certificate have been properly filed, the City shall, in a timely
manner, determine in a public meeting to whether to create the district and whether
to receive, process, and approve thereafter the Company’s application for an
industrial facilities exemption certificate. The City may consider this contract in a
meeting separate from and prior to the meeting in which the City considers the
creation of the district and/or approval of the application for certificate. Further, the
City shall require the submission of this contract signed by the Company together
with its applications, before creating the district.

3.       EVENTS OF DEFAULT. The following actions or failures to comply shall
be considered events of default by the Company:

     3.1 Failure to meet any of the commitments set forth above.

     3,2 The closing of the Company’s facilities in the City. Closing shall mean for
     purpose of this Agreement, the removal, without transfer to another site within
     the City of substantially all of the production facilities, and the elimination of
     substantially all the jobs created or retained thereby, which are set forth in the
     Company’s application.

      3.3 Failure to afford to the City the documentation and reporting required.

      3.4 The failure to create or retain jobs, meet affirmative action goals or expend
      the funds on equipment and improvements as represented in the application
      within the times required hereby, unless the company can show that there has
      been a loss of revenue and employment due to circumstances beyond the control
      of the company. In order to make that showing the company shall have the
      burden of supplying, to the City's satisfaction, complete and convincing
      documentation supporting and justifying reductions in investment, failures to
     attain affirmative action goals or job losses, such as, without limitation, written
     evidence of lost contracts, accounting information showing reduced revenues due
     to the loss of business, (not due to diversion of production to affiliate companies
     or divisions of the company), production records showing reduced quantities
     over significant periods of time, and such other information required by the City
     to support the Company's claim that the failure to invest, failure to achieve
     affirmative action goals, or loss of jobs should not form the basis for a finding of
     default,


     3.5 The bankruptcy or insolvency of the Company.


     3.6 The failure to pay any and all taxes and assessments levied on the Company’s
     property or any other taxes, local, state or federal, including but not limited to
     City income taxes and the withholding of said City income taxes from employees
     as required by the City Income Tax Ordinance.               :


     3,7 The performance or omission of any act which would lead to revocation
     under MCLA 207.565, being §15 of the Act.


     3.8 The violation of any provisions, promises, commitments, considerations or
     covenants of this Agreement.


4,      REMEDIES ON DEFAULT.               In the event of any of the above defaults the
City shall have the following remedies which it may invoke without notice, except as
may be reasonably required by the Company’s rights to due process:


     4,1 In the event of closing as determined after investigation of the facts and a
     public hearing, the Company shall be immediately liable for penalties to be paid
     forthwith to the city as determined as follows:


        4.1.1    The Company shall pay to the City for pro rata distribution to the
        taxing units experiencing the abatement, an amount equal to the difference
        between the industrial facilities tax which it has paid, and the total property
        taxes to the relevant taxing units which it would have paid, given its
        installations of improvements and equipment, during the years for which the
        certificate was in effect.


        4.1.2    Immediate Revocation. The Company hereby consents to revocation
        to the IFT certificate before the State Tax Commission, without hearing, and
        the City shall submit a copy of this Agreement to the State Tax Commission
        in connection with its revocation procedure, giving notice that the default has
        occurred and immediate revocation should occur,


     4.2 In the event the improvements and equipment have not been installed before
     the two (2) year period, in addition to the revocation procedures before the State
   Tax Commission, the abatement should immediately be reduced by the City
   proportionately, and any installations which have not been finished at the end of
   said two (2) year period shall not be eligible for the abatement thereafter and
   shall be placed on the regular tax roll.

   4.3 Failure to Expend the Funds Represented. In the event, (whether or not the
   installations have been completed), the Company has not expended the funds it
   has represented on its application that it would invest for the installation of
   equipment, the abatement shall be reduced pro rata, and any remaining value of
   equipment shall be placed on the regular tax roll, unless the company can show,
   through receipts, etc. that the cost of the equipment was actually less than the
   amount estimated by the company (i.e., the same equipment was purchased as
   listed in the IFT application, but the bids came in less then expected).

   4.4 Job Creation and Retention. In the event the promised number of jobs have
   not been created or retained at the end of the two (2) years after the grant of the
   certificate by the State Tax Commission, the abatement shall be proportionately
   reduced, unless the company can show that the loss of jobs, or inability to hire as
   many people as expected, is due to circumstances beyond the control of the
   company (such as an economic downturn).


   4.5 Affirmative Action Goals.    In the event, after one (1) year from the grant of
   the certificate by the State Tax Commission, the affirmative action goals of the
   City for additional jobs have not been met on a pro rata basis, the abatement shall
   be revoked.


   4.6 For other violations of this Agreement or for actions or omissions by the
   Company amounting to grounds for revocation by statue, the City shall
   recommend to the State Tax Commission immediate revocation of the certificate.

   4.7 Special Assessment. For any amount due to be paid to the City, under this
   Section 4, the Company consents that the City shall have a personal action
   against the Company for the said amount, and in addition, cumulatively, and not
   by election, the City shall have a special assessment lien on all the property of
   the Company personal and real, located in the City, for the collection of the
   amounts due as and in the manner of property taxes and in such case the
   collection of the said special assessment shall be accomplished by addition by
   the City to the Company’s property tax statement regularly rendered.

5.      Governing Law. This Agreement shall be construed and enforced in
accordance with the laws of the State of Michigan applicable to contracts made and
to be performed within the State of Michigan.
6.     Counterparts. This Agreement may be executed in one or more counterparts.
Notwithstanding such execution all such counterparts shall constitute one and the
same Agreement.
Ve      Benefit.   This Agreement shall be binding upon and inure to the benefit of
the respective parties, their successors and personal representatives.



8.      Effective Date.   This Agreement shall be effective on the date the State of
Michigan Tax Commission grants the company at Industrial Facilities Exemption
Certificate.


                                    CITY OF MUSKEGON




                                                      ByKeni=      a
                                                            Johnson, Mayor


                                                         a          ee            |

                                                                                      ee
                                                                Ann Meisch, Clerk




                                                            Chris Ritter, Owner


                                                   and




                                                      Its

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