City of Auburn Hills Promotional CD Brownfield Redevelopment Conference

1
City of Auburn Hills
Celebrating 25 Years
2
DYNAMIC COMMUNITY
Auburn Hills is a proud and dynamic community
with a population of approximately 20,000 people.
It is home to over 60 international corporations
and is headquarters to numerous outstanding
businesses, such as Chrysler Corporation and
BorgWarner. The City also hosts the Detroit
Pistons and the Palace of Auburn Hills, along
with the Great Lakes Crossing Mall, which is the
second largest regional shopping center in
Michigan.
3
(No Transcript)
4
(No Transcript)
5
(No Transcript)
6
(No Transcript)
7
(No Transcript)
8
VILLAGE CENTER

• The City has several events held in the Village
  Center each year. The infrastructure put into
  the Village Center was done by TIFA funding
  leaving no cost to special assessments.

9
(No Transcript)
10
(No Transcript)
11
PROACTIVE

• The City of Auburn Hills is a community that has
  a long history of proactively attracting
  technology-based companies via the use of tax
  abatements and an expedited permit review
  process.
• We also have an excellent working relationship
  with the State of Michigan and Oakland County,
  which both offer incentive programs that are
  very attractive to companies.

12
(No Transcript)
13
(No Transcript)
14
(No Transcript)
15
(No Transcript)
16
GREAT ASSETS

• We have many great assets to offer such as
• Strategic location with easy access to several
  major interstate highways
• Short driving distance to two international
  airports
• College town hosting several universities,
  community college, and a law school
• Numerous recreational events for adults, teens,
  and children
• Safe, clean, and beautiful park facilities
  including a new skate park and nature center
• Multiple types of housing to meet everyones
  tastes

17
(No Transcript)
18
(No Transcript)
19
(No Transcript)
20
FINANCIAL STABILITY
The City of Auburn Hills has an A1 bond rating by
Moodys.   For the fiscal year ending December
31, 2007, the Citys debt and principal payments
in its governmental funds as a percent of total
governmental funds expenditures dropped to the
lowest level in the past 13 years to 2.3.   The
governmental funds have cash and cash equivalent
balances of approximately 36 million.   During
2007 the fund balances of governmental funds
increased by 2.7 million or 9.5. The unreserved
fund balance of the general fund increased by
1.6 million in 2007 to approximately 7.4
million which represents 51 of the general fund
expenditure level in 2007.   Based on its state
equalized property tax values, the City has a
debt limit as of December 31, 2007 of 284
million whereas the Citys indebtedness subject
to the limit is 12,745,000.     On a government
wide financial reporting basis, the Citys net
assets exceeded its liabilities at December 31,
2007 by 177.4 million.   Net assets as of
December 31, 2007 were composed of 25.8
in assets restricted for specific programs,
121.9 in capital assets net of related
outstanding debt, and 29.7 of unrestricted
assets.
21
(No Transcript)
22
(No Transcript)
23
ORANIZATIONS CLUBS

• American Legion
• Auburn Hills Rotary Club
• Chamber of Commerce
• German American Marksmanship Club
• Masons
• Matilda R. Wilson Boys Girls Club of
  Southeastern Michigan
• Mutual Society Club
• Optimist Club of Auburn Hills

24
(No Transcript)
25
THE CITY THAT HAS IT ALL!

• The City of Auburn Hills thanks you for your
  interest in our city and looks forward to you
  becoming a part of us. Visit our website at
  www.auburnhills.org for more detailed information
  about our proud city.
• Please contact Laurie Johnson, Economic
  Development Coordinator at 248.364.6947 or via
  e-mail at ljohnson_at_auburnhills.org