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HomeMy WebLinkAboutResolutions - 2010.07.22 - 10132v-r MISCELLANEOUS RESOLUTION 010182 July 22, 2010 BY: PLANNING ANE BUILDING CO:VfTTEE, JOHN SCOTT, CHAIRPERSON IN RE: PLANNING AND ECONOMIC DEVELOPMENT SERVICES DIVISION RESOLUTION APPROVING PROJECT PLAN [CRANBROOK EDUCATIONAL COMMUNITY PROJECT) - CITY OF BLOOMFIELD HILLS To Oakland County Board of Commissioners Chairperson, Lades and Gentlemen: WHEREAS The Economic Development Corporation of the County of Oakland (the "EDC") has recommended that the Board of Commissioners approve the Project Plan required by the Economic Development Corporations Act (the "Act") for the captioned Project, a copy of which has been presented to this meeting (the "Project Plan'); and WHEREAS the EDC's recommendations to the Board of Commissioners were based upon its determinations that the Project is reasonable and necessary to effectuate the purposes of the Act, that the Project Plan satisfies all of the requirements of the Act regarding project plans and that a letter of credit issued by a financial institution acceptable to the EDC will be available to pay debt service; and WHEREAS the governing body of the City of Bloomfield Hills, Oakland County, Michigan, has also approved the Project Plan and given its consent to the exercise of jurisdiction over the Project by the EDC: and WHEREAS the Board of Commissioners has held a public hearing to consider whether the Project Plan constitutes a public purpose as contemplated by the Act; and WHEREAS the Board of Commissioners, following such public hearing and its review of the Project Plan, hereby certifies, approves and concurs in the determinations of the HOC with respect thereto. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners hereby determines that the Project Plarl constitutes a public purpose as contemplated by the Act. BE IT FURTHER RESOLVED that the Oakland County Board of Commissioners hereby certifies and approves the Project Plan. BE IT FURTHER RESOLVED that the EDO is hereby authorized to take such steps as are necessary to implement the Project and the financing thereof by the issuance of its limited obligation revenue bonds as contemplated by the Project Plan. BE IT FURTHER RESOLVED that the County Clerk is hereby directed to provide four certified copies of this resolution to the Assistant Secretary of the Board of the SOC. Chairperson, on behalf of the Planning and Building Committee, I move the adoption of the foregoing resolution. PLANNING ,WDiSUILDING L'OMMITTEE PLANNING & BUILDING COMMITTEE VOTE: Motion carried on a roll call vote with Schwartz abstainieq and Jacobsen absent. THE ECONOMIC DEVELOPMENT CORPORATION OF THE COUNTY OF OAKLAND Oakland County, Michigan Cranbrook Educational Community Project PROJECT PLAN CONTENTS 1. Summary Description of Project (Page 1) 2, Project Plan Certification by Company (Page 2) 3. Statutorily Required Information (Page 3) 4. Exhibits • - Project Area Legal Description • - Letter of Credit or Bond Purchaser's Commitment Letter • Company Certificate Regarding Transfer of Employment • - Company Certificate Regarding Payment of Prevailing Wages Other PROJECT PLAN SUMMARY DESCRIPTION OF CRANBROOK EDUCATIONAL COMMUNITY PROJECT OWNER OF PROJECT: Cranbrook Educational Community A Michigan nonprofit corporation CONTACT PERSON: (Name, address, telephone number) Dominic DiMarco Chief Operating Officer Cranbrook Educational Community 39221 Woodward Avenue Bloomfield Hills, MI 48303-0801 (248) 645-3080 (248) 645-3027 (FAX) LOCATION OF PROJECT: (Local municipality) City of Bloomfield Hills PROJECT AREA/DISTRICT AREA: See Exhibit A NATURE OF PROJECT: The Project encompasses four separate components: 1. Cranbrook Art Museum: The project encompasses the installation of climate control systems and the construction of a 24,000 square foot addition to house Cranbrook's collection, a new research facility and the mechanical room. 2. Girls' Middle School: Construction of a 47,000 square foot free standing Girls' Middle School facility, highlighted by relational/connected spaces, a sense of security, and coziness. 3. Restoration of the Cranbrook Quad: The project will restore the stonework in the Quad, which has been has been in a state of severe deterioration and is undergoing a major restoration, including the installation of a snow melting system which will eliminate the need to use harsh chemicals for snow removal, thereby preserving the Quad. 4. Life Safety and Security Improvements: The Keppel Gymnasium, Music Room and Ice Arena all have outdated fire alarm systems, which will be removed and replaced with updated systems. Infrastructure (conduits, etc) for the existing systems will remain in place and be capped. Emergency power will be provided by an existing generator installed in the lower level of Hoey Hall and sized to serve life safety needs of the Boys' Campus. Additional security devices and equipment will also be installed in conjunction with the project. EMPLOYMENT CREATED OR RETAINED: No new permanent jobs will be created by the completion of this project. All current existing permanent jobs will be retained. It is not known how many people will be employed by contractors during the construction period. TOTAL PROJECT COST: $48,625,000 BONDS TO BE ISSUED: Up to $30,000000 new money bonds LETTER OF CREDIT ISSUER OR BOND PURCHASER: JPMorgan Chase Bank, N.A. DATE AND EXPIRATION DATE OF LETTER OF CREDIT OR BOND PURCHASE COMMITMENT: Commitment date: June 14, 2010 Expiration date: October 31, 2010 2 PROJECT PLAN CERTIFICATION THIS PROJECT PLAN WAS PREPARED FOR THE ECONOMIC DEVELOPMENT CORPORATION OF TIIE COUNTY OF OAKLAND IN ACCORDANCE WITH THE REQUIREMENTS OF THE ECONOMIC DEVELOPMENT CORPORATIONS ACT, ACT NO. 338 OF THE MICHIGAN PUBLIC ACTS OF 1974, AS AMENDED, THE UNDERSIGNED HAS PROVIDED ALL OF THE INFORMATION CONTAINED HEREIN AND HEREBY CERTIFIES AS TO THE ACCURACY AND VALIDITY OF SUCH INFORMATION AS OF THIS DATE. THE UNDERSIGNED UNDERSTANDS THAT THIS PROJECT PLAN IS STATUTORILY REQUIRED AND, IF IT CONTAINS ANY MATERIAL MISREPRESENTATION OR INACCURACY, COULD RESULT IN THE INVALIDATION OF THE ECONOMIC DEVELOPMENT CORPORATION PROCEEDINGS REGARDING THE PROJECT TO WHICH THE PROJECT PLAN PERTAINS. Cranbrook Educational Community By: Its: , Chief Operating Officer Dated: 3 PROJECT PLAN STATUTORILY REQUIRED INFORMATION REGARDING CRANBROOK EDUCATIONAL COMMUNITY PROJECT I. THE LOCATION AND EXTENT OF EXISTING STREETS AND OTHER PUBLIC FACILITIES WITHIN THE PROJECT DISTRICT AREA; THE LOCATION, CHARACTER, AND EXTENT OF THE CATEGORIES OF PUBLIC AND PRIVATE LAND USES NOW EXISTING AND PROPOSED FOR THE PROJECT AREA, INCLUDING RESIDENTIAL, RECREATIONAL, COMMERCIAL, INDUSTRIAL, EDUCATIONAL, AND OTHER USES: AND A LEGAL DESCRIPTION OF THE PROJECT AREA: Existing land within the Project Area is all owned by Cranbrook Educational Community and contains no publicly-owned streets or other publicly-owned facilities. The site contains Cranbrook Schools, Academy of Art and Art Museum, and Institute of Science. Legal description of Project Area attached as Exhibit A. A DESCRIPTION OF EXISTING IMPROVEMENTS IN THE PROJECT AREA TO BE DEMOLISHED, REPAIRED, OR ALTERED; A DESCRIPTION OF REPAIRS AND ALTERATIONS; AND AN ESTIMATE OF THE TIME REQUIRED FOR COMPLETION: Existing facilities will be retained. The improvements, as outlined in the Nature of Project section above, are estimated to be completed in approximately two years: • Cranbrook Art Museum Expansion and Climate Control: January 2009 — December 2011 • Girls' Middle School: May 2009 — March 2011 • Cranbrook Quad Restoration: June 2007 — June 2012 • Life Safety and Security Improvements: March 2009 — June 2010 III. THE LOCATION, EXTENT, CHARACTER, AND ESTIMATED COST OF THE IMPROVEMENTS, INCLUDING REHABILITATION CONTEMPLATED FOR THE PROJECT AREA, AND AN ESTIMATE OF THE TIME REQUIRED FOR COMPLETION: Cranbrook Art Museum Expansion and Climate Control. January 2009 — December 2011 Estimated Cost: $20,005,062 Girls. Middle School: May 2009 — March 2011 Estimated Cost: $13,850,000 Cranbrook Quad Restoration: June 2007 — June 2012 Estimated Cost: $13,700.000 Life Safety and Security Improvements: March 2009 — June 2010 Estimated Cost: $1,070,000 4 rv. A DESCRIPTION OF THE CONSTRUCTION OR STAGES OF CONSTRUCTION PLANNED, AND THE ESTIMATED TIME OF COMPLETION OF EACH STAGE: Cranbrook Art Museum Project Description Accreditation reviews by the American Association of Museums have raised concerns that without significant climate control (temperature and humidity) improvements, especially in collections storage, the Museum's accreditation may be in jeopardy. The lack of adequate climate control also prevents the Museum from exhibiting many special collections that would otherwise be available for special loaned art exhibits. The approved project includes the following for the Art Museum and Library: • Roof replacement, new flashings and trim • Exterior wall brick and stone masonry mortar joint repainting and cleaning • Repair of miscellaneous cracked and displaced stone and brick • Repairs to the loading dock. miscellaneous doors and exterior soffits • Window replacements • Reconstruction of the Chinese Dog Stair, the Europa Plaza and Peristyle Steps, with new waterproofing, repairs to the existing structure and installation of a snow melting system • Replacement of the boiler that serves the entire Academy • Upgrades to air handling units and code corrections • Fire protection, electrical and lighting upgrades • deSalle Auditorium HVAC upgrades (6,320 square feet) • Air conditioning of the Library and parts of the 2001 studios building that were designed to be air-conditioned. • Museum-quality temperature and humidity control for the Museum and Wainger Gallery (requires modifications to the interior walls, windows and roof), • Construction of a 24,000 square foot collection storage and research addition, which will also accommodate the mechanical room. • Installation of a generator to support life safety and mechanical systems to ensure that museum environments remain within acceptable limits. Construction commenced in January 2009 and is expected to complete by December 2011. Girls' Middle School Project Description Cranbrook is committed to gender specific education for its middle school students. Small, single-sex classes on separate campuses acknowledge the developmental differences and educational implications between boys and girls during early adolescence. For various reasons, the existing Girls' Middle School facility does not meet programmatic goals. The project is designed with the objective of providing improved facilities for the Girls' Middle School in a new. freestanding 47.500 square foot building not connected to Kingswood. The building's location is the former Kingswood Tennis Courts with an entrance off Tamarack Way. The existing adjacent field will be maintained. The scope outlined below provides for all programmatic requirements. 5 3 Grade Level Clusters • 3 classrooms for English, History & Mathematics • Science classroom, lab stations & storage • Grade level Commons • 60 lockers per grade level cluster Shared Facilities • 3 Foreign Language Classrooms • 2 Computer Classrooms • Enclosed spaces and adjacent storage for girls' drama, dance and choral classes (may be shared with other functions) • Musical instrument storage (near main entrance); students go to Boys' Middle School for Band and Orchestra • Art Classroom & Storage • Library (Media Center) • Teacher Work Room Dining Hall & Kitchen to accommodate 130 Athletics & Physical Education • 1 gymnasium with 94 foot basketball game court • Bleacher seating for 400 for assembly (may extend onto game court) 200 for game • Storage for athletic equipment • Fitness Room • 180 lockers • 4 showers • 1 office to provide supervision of gym and locker rooms Administrative Offices • Girls' Middle School Head's Office • Administrative Assistant/Reception • 3 Offices (Middle School Admissions/Registrar, Dean of Girls, Counselor) • Recuperation Room • Unisex Toilet 6 Toilets &Janitor Closets Lobby & Corridors • Display Cases for student work and trophies • Designated location for permanent installations of artwork • Seating/Benches Mechanical & Storage Technology Accommodations (e.g., SmartBoards; provision for a convenient communication system to reach faculty) in each classroom Construction commenced in May 2009 and is expected to complete by June 2011. Cranbrook Quad & Thompson Oval Project Description The Quad is the architectural centerpiece and primary gathering space for students on the Cranbrook Schools campus. The Quad was partially restored in 1982. The Quad has been in a state of severe deterioration and is undergoing a major restoration. Project aspects include: • Replace all paved areas (about 50,000 square feet) with brick pavers and blue stone; restore the original patterns. • Install a heated pavement system to melt snow and ice without the use of harsh chemicals which can be destructive to brick pavement. This system will also reduce maintenance, both inside and outside the buildings (see description below). • Improve drainage. Drainage issues will be addressed by relining 90% of the 9,100 linear feet of drainage pipe and replacing the remaining 10% by other means, • Increase handicap accessibility. • Restore vertical elements (i.e., benches, fountains, pedestals for artwork). • Restore landscaping of the original installation, designed by C. Deforest Platt in 1929, but with accommodations for current programmatic use and maintenance considerations, • Improve lighting to increase security and safety. • Replace the Observatory Tower's copper dome. • Replace the Cranbrook Library roof facing the Quad. The project also includes the courtyard east of the Performing Arts Center, both levels of the Alumni Courtyard, the walkway south to Lone Pine and the walkway north to the bus drop-off. Heated Pavement. • A heated pavement system involves the following components: heat source, controls, insulated copper piping, manifolds and tubing. The tubing is connected to supply and return piping with copper, brass, stainless or plastic barbed manifold pairs. The tubing is embedded in concrete. The manifold location dictates where the tubing starts and stops, therefore the manifold is located adjacent to the heating "zone" to minimize the amount of tubing required 7 for the project. A water-glycol mixture is pumped through the tubes. The mixture is typically at a temperature between 110 and 140 degrees Fahrenheit. Temperature and humidity sensor controls are used to automatically regulate the system. The system is less expensive to operate than the cost of labor and chemicals used to maintain clear pathways Construction in the Quad is phased and began in June 2007, estimated to complete in June 2012 Life Safety and Security Improvements at Cranbrook Schools Project Description Keppel Gymnasium, Wallace Ice Arena and Brookside School Keppel Gymnasium was constructed in the early 1930s as a one-story masonry structure of approximately 9,600 square feet with an exposed metal truss and concrete plank roof system. The gym has a 3,900 square foot mezzanine that includes a running track and a few small offices. The building has a partial basement area featuring a boiler and air handling room, which connect into the campus utility tunnel system. Providing emergency egress lighting for this Gym will require installing supplemental emergency light fixtures and/or replacing a few of the existing HID fixtures so that they can restart immediately in case of a power outage. The locker room wing of Keppel Gymnasium was constructed at the same time as the main gymnasium. It also is a one-story masonry building of approximately 4,000 square feet. The locker room wing includes two boys' locker rooms, a shower room, a small laundry room and an entrance lobby. Interior and exterior walls are masonry with a wood framed attic and roof structure. The Music Room (building) was constructed in the 1930s and is a two-story, approximately 10,000 square foot masonry structure with a concrete floor system and a flat roof. The Music Room consists of music classrooms, practice rooms and faculty offices on the first floor. The second floor is used for a large exercise and weight room and chorus room. The Ice Arena is a one-story, approximately 24,000 square foot steel framed building consisting of a single hockey sized ice surface and locker rooms. The project includes the installation of emergency egress lighting, exit signage. power distribution for those systems and coordination of the fire alarm system (designed by Siemens) for the Keppel Gymnasium and locker rooms, Music Room and Ice Arena. Each of the three buildings currently has an outdated fire alarm system that will be removed once the new system is installed and operational. Infrastructure (conduits, etc) for the existing systems will remain in place and be capped. Emergency power will be provided by an existing generator installed in the lower level of Hoey Hall and sized to serve life safety needs of the Boys' Campus. Included with these life safety improvements is the restoration of the Brookside Tunnel. The work consists of repairs to the existing tunnel and the remediation of surrounding drainage issues. The project will include the installation of various security devices and cameras at Keppel Gymnasium, Music Room, Ice Arena and Brookside School. 8 I 1 Construction commenced in March 2009 and is expected to complete in June 2010. V. A DESCRIPTION OF THE PARTS OF THE PROJECT AREA TO BE LEFT AS OPEN SPACE AND THE USE CONTEMPLATED FOR THE SPACE: F.xicting npen vac& will he retained except for the land required for the following: • The Cranbrook Art Museum project will include construction of a new collections storage building of approximately 24.000 square feet in the area on the northeast side of the current Art Museum. • The Girls' Middle School will be built on the south side of Tamarack Way between the Kingswood School and Institute of Science, in the location of the current tennis courts. VI. A DESCRIPTION OF PORTIONS OF THE PROJECT AREA WHICH THE ECONOMIC DEVELOPMENT CORPORATION OR THE COMPANY DESIRES TO SELL, DONATE, EXCHANGE OR LEASE TO OR FROM THE MUNICIPALITY AND THE PROPOSED TERMS: Not Applicable VII. A DESCRIPTION OF DESIRED ZONING CHANGES AND CHANGES IN STREET, STREET LEVELS, INTERSECTIONS AND UTILITIES: No zoning changes or street level or intersection changes are requested. VIII. A DESCRIPTION OF THE PROPOSED METHOD OF FINANCING THE PROJECT, INCLUDING ATTACHMENT OF A COPY OF THE LEITER OF CREDIT OR BOND PURCHASER'S COMMITMENT LETTER: The project will be financed with the proceeds of the sale of the Economic Development Corporation's limited obligation revenue bonds. The bonds will be placed with JPMorgan Chase Bank, N.A. Copy of Letter of Credit or bond purchaser's commitment letter attached as Exhibit B. IX. A STATEMENT REGARDING THE PAYMENT OF PREVAILING WAGE AND FRINGE BENEFIT RATES AS DETERMINED PURSUANT TO ACT NO. 166 OF THE 9 MICHIGAN PUBLIC ACTS OF 1965, AS AMENDED (REGARDING WAGES ON STATE CONTRACTS): See Exhibit D X. A LIST OF PERSONS WHO WILL MANAGE OR BE ASSOCIATED WITH THE MANAGEMENT OF THE PROJECT FOR A PERIOD OF NOT LESS THAN 1 (ONE) YEAR FROM THE DATE OF APPROVAL OF THE PROJECT PLAN: Dominic DiMarco, Chief Operating Officer Pam Ruthven, Chief Financial Officer XL DESIGNATION OF THE PERSON OR PERSONS, NATURAL OR CORPORATE, TO WHOM THE PROJECT IS TO BE LEASED, SOLD OR CONVEYED AND FOR WHOSE BENEFIT THE PROJECT IS BEING UNDERTAKEN, TO THE EXTENT THAT INFORMATION IS PRESENTLY AVAILABLE: Not applicable XII. IF THERE IS NOT AN EXPRESS OR IMPLIED AGREEMENT WITH A PERSON OR PERSONS, NATURAL OR CORPORATE, THAT THE PROJECT WILL BE LEASED, SOLD, OR CONVEYED TO THOSE PERSONS. THE PROCEDURES FOR BIDDING FOR THE LEASING, PURCHASING OR CONVEYING OF THE PROJECT UPON ITS COMPLETION: Not applicable XIII. ESTIMATES OF THE NUMBER OF PERSONS RESIDING IN THE PROJECT AREA AND THE NUMBER OF FAMILIES AND INDIVIDUALS TO BE DISPLACED. IF OCCUPIED RESIDENCES ARE DESIGNATED FOR ACQUISITION AND CLEARANCE, INCLUDE A SURVEY OF THE FAMILIES AND INDIVIDUALS TO BE DISPLACED, INCLUDING THEIR INCOME AND RACIAL COMPOSITION, A STATISTICAL DESCRIPTION OF THE HOUSING SUPPLY IN THE COMMUNITY, INCLUDING THE NUMBER OF PRIVATE AND PUBLIC UNITS IN EXISTENCE OR UNDER CONSTRUCTION, THE CONDITION OF THOSE IN EXISTENCE, THE NUMBER OF OWNER-OCCUPIED AND RENTER-OCCUPIED UNITS, THE ANNUAL RATE OF TURNOVER OF THE VARIOUS TYPES OF HOUSING AND THE RANGE OF RENTS AND SALE PRICES, AN ESTIMATE OF THE TOTAL DEMAND FOR HOUSING IN THE COMMUNITY, AND THE ESTIMATED CAPACITY OF PRIVATE AND PUBLIC HOUSING AVAILABLE TO DISPLACED FAMILIES AND INDIVIDUALS: 10 Not applicable XIV. A PLAN FOR ESTABLISHING PRIORITY FOR THE RELOCATION OF PERSONS DISPLACED BY THE PROJECT IN NEW HOUSING IN THE PROJECT AREA Not Applicable XV. PROVISION FOR THE COSTS OF RELOCATING PERSONS DISPLACED BY THE PROJECT AND FINANCIAL ASSISTANCE AND REIMBURSEMENT OF EXPENSES, INCLUDING LITIGATION EXPENSES AND EXPENSES INCIDENT TO THE TRANSFER OF TITLE, IN ACCORDANCE WITH THE STANDARDS AND PROVISIONS OF THE FEDERAL UNIFORM RELOCATION ASSISTANCE AND REAL PROPERTY ACQUISITION POLICIES ACT OF 1970, 42 U.S.C. 4601 TO 4655: Not Applicable XVI. A PLAN FOR COMPLIANCE WITH ACT NO, 227 OF THE MICHIGAN PUBLIC ACTS OF 1972, WHICH PERTAINS TO PROVIDING FINANCIAL ASSISTANCE, ADVISORY SERVICES AND REIMBURSEMENT OF CERTAIN EXPENSES TO DISPLACED PERSONS: Not Applicable XVII. OTHER MATERIAL AS THE ECONOMIC DEVELOPMENT CORPORATION, LOCAL PUBLIC AGENCY, OR GOVERNING BODY CONSIDERS PERTINENT: Not Applicable 11 Exhibit A PROJECT AREA LEGAL DESCRIPTION Tile Pr oject.AreailLiztr .rt. is. of the „Tlerty located tz tho City ctr BloomfieldEi1.s 1Ctt is walled 11.1.'a for. the bereefit of Creri.b4-mo1 Bduelational Cvrimuni ty iuding the property des -1 ipistea by -tii2 61 '10ein4 robuc rs 2 . 12 -,;.9---22:7-.42-V03 1.P..t11-227-q.70-13Q3 . - 9 12- 4-2O1 I 12--23-U--2 1.z 1-41.0.2.. 1274-M17,14 -14.351.0."3,2 15-44.547-.M2 2.2:,25,7-141--aa7i11177. . -13--.14 2-1.9-711;--31414' iRLSI261 ) .1E-R6155 Fa578 Attathment A Dea:ription te77=rperty covered. tet indenture dtted Jum 26, ]-973 b..:twetn the truatets under IndentUre of Tit dated 1101tretEnr 4, 1927 tnd recorded th Liber 620 .Jr Deedz, Pagee 334-400, Oakland County Eamaras az subseauent4 mmeaded and the Crtn-zrzok Foundatloa, MiChizam trustee corpolattdtn, partiu or t. ptrt and C'ranbrpOt. Educat4onua Community, a Eithlgan =4-Tor51t copporztion, .party oX the stnond paTt: • load 411 the •atY Of BlvOratlele ,B.41gSr Oakland .C.Joenty, Wvzhil3am descolbed Mhat ?vttiqz a tho Ttt4ta %nal= at .'-Cranilv=6)01 1ocated Bloom!icld QaUE;u"I C=141tYlf 243-15-13"4-1:6"tita:-2C-T=.6 12r5Jbt4Tt Ter°e1 172-1:4 tt'atliocs'aftf TA/ 22 aa .22., tohm 2 =1:irtil, range 10 e4a.zt, B-1=mtIald Tzkrittillf ZraklarktiCotaty ladtal4a= ditria ollo.w.-$.1 BeFinninv zt tha Sectipu .6 7=27m= tiOninl=toSeafi-.Til -1-4 t 1g- and 234 them.... sontit IS litcrets 52 millgrit* tiet*.t feet tm,at datcap4m4 tiene north 4.egrees 44 Itihri*e. Id!RWt 474 -10 -tbet tut i4mn ,p4 therale nar# 89 8prp-!6-ez 37 Trazait AC. .setomiles, ;Oast. 6-20,1a Iae.t t t j..01,4 pipe vt, the Oltartet- orrct.e'r rtz tabe rth Ua f s.1-,5:!ari. 2.24 theme zerth degOeet zantltes 3; s*opudt ,east CMS- at the idtre...e-z of tube cabal= hi4ma7, kalmn az raccatfi,eld Certtex'Ail4dv -trite .tt1 .40-4egrees 2 14i=tes west 4,6..43 l'eet a1 titF ..ceatev de7-:.ezr, minute4 30 seaonds etst lUct,73I,e&± :to a- 7poInt tfie mmrtb lite o 'Sectiah 227 thence- pv=th degreet 3a .nlitnItz,A tmlat uest 203.12 feEt /AllOng,tbe noz'th line SatIttE. 22 4L7cs an4ron plael /4Uenme zw4th 2 degrees 513 Zimutes west 199-E.O.Seet to n rPt thevcesth 9 6-27rez 36 et .ret 1=0 CO171' PAPeTttence south de5xets 50 rr.iputf.„,s veZt fn .-22 fet. tv am irOzi .174,12e7 t4eince sOlith 34.4egzees IS =Lout= west 212.0 :Lee:, to tn- sztAZir4 3 53 t 2,53, j5 teat tz: 1:17V-fi .1teir4;e SVAltb 211 15f.P.Ver;i1 Igfuntitze. 1,*fr-t 195,27 feet to am J.ran pipe; tbEn=e cOlat'h -35 tez' 6zaillutet we 75.3 ,tenL to z-4 ir.on p*Pst; thonve south 4 Z i 4 miputtz west 155.5S feet to an L -zon Pi,Pe; then= south I4s.rect lartite;,,s: 5:0 or atZt23 --fjet- to C.11 t2mace -z-Puth 40 de9res 17.R14nutes 30 Etc:alas east 215,E7 feet to aP iron pioa.; tiov4hau.-goutt ED 45,esT,e.S 55 21-411vtes tatt 114 !93 feet to an 52=a pipe; thenac =nth 1 desrea 4. ;41111t esst 200_1fere,t to am 4:_tom pe thnoe north gE arts 03 -zinaLtes 30 temouas et '24-0 feet to an iCom pp the.lve &I:44'th 4 oleV..=te25 1:7 -alinvtgz 2elt± 370 -52 -17elet to Ir'L ir°31 pipe; --#&nce son -h 311 ilecar 18 11141atet east 66-.11 Zet to a= 5-tom -Pipe; thehoe south 2 Ce.greo.s "..TrinTzais ;UL At=a1144 Wes& 124.n let to an Iron pd:pa on the ezist amd rest 1/4 Seel:Lon 3i4e t4rOUgh the cent= of Secticn 22 f also the canter VI:n0 of T.Ome riMV aVadrthOlICS sztuth A.E dagntes 54 zaja..ates 5.-elmands eart 549-.3 feet aliong the 1/4 Sectior. lihe to an -Iron 4d..70; thence lavrth 2 aestrek 44 =ia:Vtet ve,st 1 31,45 fsst ta an P4e; tileltoe north 37 diaVes 39 minatem ea-st-17211.92 f.eet to a Pcint in CrrAnbrock Lake, tb,mmvt sTArt4 57 deStslez 32 =ir&tes avSt 243-0 feet to a ,Poi,nt in Cr4.r.Cao1:241. thenot sotth E2 sd-s.gtmes 45 minutes 30 secant'5 east 524.61 lect to ep iran an the e.A.st state of .Cranh:roc.15.: Lae, t?cnce sontb 7deqreez 02 rainUten 30 hvoc.hds eaat -.65.22 feet to an .,1ron plpe;. thellce Eoutt '$4 deg:ees 4.1Taitntem 3D se=n:dm -aart 7/.31 feet to pipe; thaPoe Elm:uth 511 U5=e-es IE mitUtos ea.st 2.8.!(9 -Sect to or pipt tt,a center of Cram'z7=1-.: Rot4; thchoe north 22 degrees 54 -1..mutes ?„() zeoar=as east 2o s,55 treei amng cx Cran:cnoall: Rozza; thcr„oe P.0"t11 E.2gzees r15 •cast Y71,12. feet to ar: 4.77cn pipe: thoPce north:1' C..c..rizs :„12 litutat 10 ser=4.6At VZ5t 130.3 ft t-0 •an -Irom N.pe; ±27,==-tdla-.ct.ttcz ZIT,e1ADT -4-4=mV4 nort:n 42 des.rees 15 .a.i.r.utes f'aet-t6 17rAlri tlIcr.77-T - 1106155 'b 79Artachment A • north 41degxemS 54 nanutes 40 -seconds West 1E9.33 feet to the poin t of becith.g a 1-0 -lasEree.16-meadatm!Za seoiond lcmve to the left, tanoe of 505.56 Ieetl .seid oprom hewing ...et rn4iitt of 55E-5 feet, a delta of 52 degrees .54 odnutes 2D seoonAs iota 104 ,hope=hea.41a.:5 .north 57 degrees 52 minoteti 50 Second.% vest 4:44:At fest4 thence ont A 24 ert.gree 56 zinutO 51:1 second cnrtie to the lett, didt,emzeT me-914 59 feet, SwLd tan-ye heving.A zelias lot 1132 n41B feet aiTOt.-aelia Of 2:?0 degrees 5$ minutes 40 seuoTaxas and i long chord besiang 'agu-th 71 qs 2ig4zutes 10 secnnis west 54-92 feet, thence on a 12 4iOgntbe 3 mintte .40 seCond .onrve' to the zitht„ a distWon=c14.51,11 .fent izon pipe mIzi the north line of Section 23, seid latving a regius of 4756,914 fest zna a delta of 1-13 1.2 zeirArtes 14 setchds -and acmg calord beang sol;th 71 tlegrees 37 mimutme .27 seconds Aoust 150.5 feat; 11,11:163 AllIrth 89 degpses 53 minutes vest 464.31 feet to the. point, of „beginning- Vhrkt portion et the 14tete Inewn "tra'nhru4ku loceted In' B2pocktifiSld eaklen4 enmity, ilicM.gan tioinlatd and dels.5D)ad al -±D1-1170,5 ,4 A pazoul of 'land In the looeth 31; of. Section .224 Tactoi.tiff-reld 145t114.6114 , Oakland .County, tiinhier.rzinrOied as: fol.:powAi Es:t Which iS morth Et5 -degTetS 39 .mimmit4a 441: mezands 3.. .2 and thp°e soutla 3 'dgreEt 50 mls114.tt.s want 19",13 th.•Dnanter Becti=iion the neirth Lilo; of 4,41id 4*VtiO4 224 :theinse -loom this P°' t of „beginning son0 S5 aeg...74stS akiintes ,east 11 ts-P4 ..feet; thence sotth B.de,grees m5140.1tes went .2.040 -feet1 theO0e narth e9 degrees 16 =inutes west ..I1t9.„5.6.4eatJ that= orttl -desTele4-50 .ialz5Ute5 east 160 ieet bQ the point v! A PaI-cell .0"'X laud lYing -Saiti614p. IS' and 22, tuom 2 Pviert41 =Awe 10 ek8-t, ats-czi:bw5 az.; tc1lual=1; .l'efir:imiug At toote4hezst -n=lex '1°1 s413-1thw.st 1/4 of 11-2-54 5 tt-ion 11 therre nmiVek.-40 -4,4grets 12 Minntes gesonds et fr70.0 ±eat to an izon, pin in .cett*:: 4;4 ,tr.i.rghtzety. knorma as. Illooraltat:,C 'Center 'Road.; thence soUth. 40 -4cir''40Mr.s. niin*t:es ).40,..7t..I1-4M3 feet aloos ,vent4r. of' shaid =tad to: 'am ir.on pin iTA south :set:tic:1. line • said Sactior. 1$i; •t laenme. nart• u2 4etzees 50 utiOntes at iXi9zadd som.thefil se4Iti" line 297 feet to .na irt$u .041; tt.ceooga.skil 3 deszets 44 ininuitas wezt 13e9 -D6 met -en iroO-P*n in a 340.1=4. tx4e; thence south •e.5 -degrees 47 Ir.inmtes east 31.5.35 feet to .ae i=on pit In ,e.att nortimast VA c',f aaid .0otian 22; thence nvrth 4 Ae'Oe&E udikz7teoc 3a seloOnds sairl 1/4 5e=tioz Line a leOt to ?a,c, of beg inn4;ng, contaInc 27. 76 t; acres of Prirtj.= 'the .a1P6ve deszribed aantl heietcfv:m 4eeasd 4.5.' the tovtt -;q-0,t1r comnIr 'Oa GeorVP BPD1111 by Itaxx4ty DEed dataa aune 3D, 1:99S, xelicrazdea 4n Wi7tiate= ut .Deadt cf. °Matta Ca=t ' libtr 452 ot niaedt,1544a. 10. 1=CEPT that part of. said lana which is inCeded in the two U2.1 precedingdescriptions- MCC.1.-177 711014 P.A.11CMIS .F1,10 ca. At.a. 7,144,.7 alf TSTM,Alt (12) PAME.T.5 OF:LARD 147.1.1CH LUDE.13 TISVID LaTid in the City of Llocttfic2d .1.!I-,1,1±, Osiannd MI:zh45a0 Ze.c.7.--lhad 45.: A pzzcti of land contained in nmrtheast 1/4 or Section 22, towa 2 no=tal, remqe 10 ee..st, 4usoribed az fyllo4s: • !aeginminq at a uu:7,:td mzinumaut on eust avd west Seuti:on line Iletween sectcas 13 una 22, andsituercd nout.h flrigrets S2 vamxtes west 293.2 feet and north e9 4egrees AZ rcisnates west 77 test Ser...tion =me= 60=mon Scction: IA, 22 z=472 thenco snixtmh 56t toe-e ,acing tlaCTIC .. t -simim4 Szt=e1 or Girls ptyl OT111 3 rer OD rdnutes went .50E feuti thenoa 1..test ict ; t.I.Leova =p=th 2.0 emyrecz DID'aanutmz west .242,5 loOtp the 799 .t*et: to " .and .221 'thence 2;=.-th e9 daszeem •-th pnorket-ty. Attachment A UIES1155 fa580 ?,mrcel of land situatc and beimg` dal #ie 'City of . Silossati r .goamo.ty o.t'.0altland Stet* gest '1EriMiliis=111=0•111.01 as:4 cecatnneinF Lit locri2 4.4 wn -the isast thd .c.ra#rrodic, In=tituteJf se property and situated as )=P1.3-laus)... igat_ the secten corner. rozwzont SeztionS 1-.1 4 IS,* 22 zrIcl. 23; t_ltence_ sostla Z9 degrees 52 =ini.-:ctns west 293-2 .feet, and north 139 degrees 4.5 ,r,tinutes -west 77 ferit alon5 the Section line bet-omen 5.2=i-...i.ons 15 and 22; ,thence =nth 5E.,8 feet. -of th4 Nin#iwood Zao.O5. Zow to the point of cozzaen..--..=tent; theso--e ehe 4-11).$ teat to carmuste zusunlmemct=rivr..7 . . the southeast COrale:r, t'.5 44110 Lm'P'-.141rtrx:r. tIvnhe feet; I.:hence ne-rth 30 -4,mgrees mixtites ea:st 5D,S .tce. to intlei *int alte-girini.747 10:=Aing the sozzttee,St, col,q3tioz to the prqpezt.y. la,nd dasoribed flitn.ores-: '06 .117 at. a voint,tx tha .uootb boundary of the priaperrtv 'WA t2Z iX4 t20.5 ItihteZt *to= the strzeactst c===--mrr-6m-Tr.eoper2F-AnM desurited above-4' tbant:e west 121-9 -feet to 4 MUNIMImWiliiimmommWenAlamaa419 thQ-122.11thUr-St-===== tf the pro...7==y; th&-ace -north Itlen=e mzuth -3-13 alesTeeS siitlutes 243.5 to the point of Ississsaziousiozok. 'this 'land fee -miii7 the •couthtlesz .dti The 4bOrg 25...-S=ibe4t a= p. _the erthei:st 'alit of St -i-4..,01•1 tell/pa :=3.ge atp Moorttfield A parCel of 1.4.nd soribud .as Cortnin.O'neSsis art „a" Pciint on tat:: section 1izie b,ci*.ucr,..S..eictons 15Ana 2,2 41.juLad.41,,ittE;15 follows: s.f25:1.r.ni,T13 zi.:t the Sett:i,:en onnaon .to•Septitat..14.,, 22:,and tilenCe nouth ,139 te eet52 .ranuteS t 2L2 feet,„ .deg-r.eet t5 :minutes west lop23..Z feet t 'pit :of:AD4tOc'40,z7444i±4 -tozzgm:,.50:Litb 17 4.qet; 12..2pe west 10 ft .±11,grime. ,tatjtet O:.-deajriee.:-. 34: 5 i5 :thence, nolt-b .:55 th.ance. =att. :degreu.-,5C mrt t 73•t5 feet :ttl .the 174 etn Sent*.one .15 end 2...7i1 SO.Aegtees.. 314.se e.zt .233 12 fetl.t 4 Png ra'1-4-'1"°140 to t40 2/4 -..7#4,,nm cn thants hal:owing the S4me iizzati=34;a440.afiliiia 43:t3ntrtes ta-st B7 -6 ,feit tb the pb.i44 rtrar-Trz'ortf-744--rvt, Land .7:T{ tbD.C.ity ci. Z2.1 0=ZiCla N1221,S,4, aa•,lar.d. county, bLizzhigan cid C.chtyitsmirgzt 1:::JC53.71-t i n "C„ 'It 3:2 eavt. 'Lone 1.1.ine :Road tiecuated south BBdtgree,4;i4 ninutez 3D stool:n:4s ZP,St !kZE0'`.3 teCt ...t.:z-On't the center O f 5- action 22, town .2 nort.h, 31occuttie14. Township., Oki.:Cotty, 11iç thence nort-h 2 litegtthees. 22 lainuttes 30secc.-alis east 124 feet; thence Inorth 39 .S iut st 6i:test.1 tle.nct nerth .4 dug-secs 2,7 zEinut.ez wt 43a Damact no:r44-1 Aegres 43 tanZtnZ uast .20/ 0:2;..7e nertifiri 7:0 ilt5rfrev izi.,rattes ,eas.t !6?1,6 feet; ttherIce south 135 deg.-::ees S7 rai-nirtez ST-cr tb=ne totth 37 degree.7 minutes west 111S-92 tlionee sout:h .ffegre Trd1111t2.5 feet to tile Lonct PlnE thènee .M3 degrees 54 n±1.-.z31:1 ,secntnas vest 50.3.0 feet •41.2.cing the caratt-.. 11...ne. _Lame PiTi.e e.1c.o ez.zt a,rid Ivrea& centL--r c.,-1-Spr.tr-lan 22 to the peirit Of cuMRIMncoment. a'CrVe cleZn rzibta lane is e-3.1 Jczonteilled thlm iter-4211e....,csl... 174 of Sectic-11 22, 1=ovm 2 nerthl ran-Fe 10 east,.01.ocaLta2.14_1oun.s.i-a-4, county, niehi5ttn. L$56 .1155 pa581 Attachment A 1.a.n8. in the City of DloemEleld Oaklamd County, Vachigar describ ,zt as: 14 Fora= -01 Section's 14, 22 and 23.,town 2 no -ztl-t, renige 2.0 described as: Begianini: sectioz corner cor=ont Sestions 14, 15, 22 and 23 f thonce gon.th .139 degrees 57 minttes west 293,2 feet to an iron pipe on Section 2.5.ite; tharACC north C9 degrees 45 minutes. west 77 cczier.ete marmite= on Se -OA:ion thence south 568 feet to a concrete =met; thencit cast 75 feet to .a zontrete r:xtarxrtent; thence due sol.:th 260..0 feet to a paint in oentez p-r opnorate bridtin over the Ron 5e Paver at north end of. az-al:brook. Laiz..e.: 'thence 'cont.% 3.8 destrees24Ainut.es zaoonds east 37540 feet to a poiret ez-anb:-.took Z.4e.`ke4 thence sozth 57 degxees 3-3rainntes east. 48$ feet to a point in Cranbrook lake; thence zouth 112 egr 45 rairae4es 3.0 seconds est 514.61 tact to an 4....ron pipe on east .s:horetr crenb.rodp. Lake.; thtnoe South ?SI:let/zees 2 zainutes 30 seconds e?gt 6D.7.2 teat to aln ir.on ripel thealte .a=th 54 degrees 41 zniatute 30 seconas east 7 -13.31 fe0 to &.1.1 irtm p p tze .south 5)3 (3-9Preet 28 minutes earst 2 /L-55 teet to an iron papia. in 'center of Road: thartne TIO-"th n d.e.-4rees 54 =I:lutes 30 :pez,,,orfas 64tr.t 201.Z5 feet along canter 0.-e Roaa to am iron •ip.a1 theenot north 12 Zegrems 56irt zt 831.1E tett to atn i±vn thence north 22 degrecs 53 aiintites 3D se.i.-nnas cast 130;.3 feet t an iroz tne‘noe northerly cerrz.er isad L70-itzd north 42 desr.oeS 15 Tzinnt.as .30 ..enfonds vhest 227 .77fee t to an pifie7 'ttyeilve noridl 42. -de4ree.s :40...,7nites 4 LI sotonds west 165.33 -feet to ,pOia• 04...tzegipning. of a 2:0- degree. /E minute 20 second curve t• left, a distnacce .515.5.98 feet, said .c=-Tre hv a redits of 55 feet, a ‘10.tei. *J. S3. deoreez- _54 ntisruires '219 zenonds =It a long chord bearlIng ntit-th deqpees ziinttes secouds werit 4a13,E3fet ti4er,ov :on 2'4 .4)ArrPze. n'tinUte fiv .ve-riond 01.3--ve to aiet, idistanoe "geld; havin,5 radius 2.31„,429' .and at delta of.' 236.49.....-e4ns 39 .31410. 4117.4 ZeColiaS End a long othard benrizzg eIntil 74 dr.„0--..;:eas 21 Ilan -at-es _10 isecon.d.' vest 94 ...92 feat.; thenc.a an a 12 tl..9:4-.ee 3 minute 40 $000ila curvetoright, a di...,-,--taote of 2.51.12 feet to -Lin pp rth 1e atZ seot.ion za, said. vo.rv-4...- having. a raditis of 475 ,$):1E feet and a Zel.ta of :LS cl.e..5.7ess L2 Itisfate.s 14 seconds wad .e ions t.-hot-i.1 baarin.sout...12 0-%.9.zeras 57 mi.-mites 2 .seconds vent 15-0.5g -feet, thence north ZS dmgroms aTtliittes ve'at 04.31 ,feet point of. beg41.-Tning. Lanz: in th ±t o higan des.zzibed :Clo..--.1tsnciri9 at 44potntvi rltred.y TI:ww,u47.0.A.t on the eaZt b.O1.1niaa'ry 71:1.:= of thc., 7.-Iroperitz or.,f the .argri.b..tchzot il-mtit..utmofSolvIr‘c!e an-d sittated zr, fO13.0-us; B:eglra74.133 at :the 4er,tdon cztr oxrsnon to Sections- 24., 25, 22 and 22 of rarkoraf4..e..1.4-Tomilli.r., tounty , Pliohigan; the,-71.7.c south V9 deg-re:es 52 rtinnIces Vt 293..2 f....tert a-Inn.? the section line .hetween SectiorrS .15 ard.1 227 -4--ter.470 nvrth 9? ttgree-s --rajw.ltes west 7• feet a1og th wte t a t1n11=.t.: thence sext'a 5.61 feet to thn point fia,1 co..-„zucHemez/t-, 1-heut:e ttir.st 7-5 ftel.: =ozcztts 7.7,171xzrasnt; t.lrence rioatil 760 feet to a po.tht conorete th=ce. sth 3 -45 era:great- 2,4 ininvrtas 3E VLinlit`...E'S east 37.5.,17fect to a poittin cz-znhz,-,o:o7r.: Lake the south 57 deg-zees 32 =Li-Alias east 244 feet to a point In C.-rar....bros* Ltkel thenuc out Ti .desr,nees 3,9 vast 116.5 7.-7.eet to a 'point in Cranhzcrit tl.P=ce nort-.! S2 45 1rmteo 30 sa.1--ods west n-4 .fLeet to a con=ret,o =az/lament: thezce north 2E1.5 feet to a 'concrete mmmaltmot..-11tZLIn/tb,sauth=ast car:n=7 a the CrralroO titt f:soea propertyr thence nv_rt.h ailom; 'Ella oast' 'crilrida'X'y liz'a of that p.-.1-Dpem.ty.-440.5 to tbE t Vheaboveae:"^rita PE=ea ',73f landis t contzinedii thcnr,7.-theast of .5ention 2 and ,.th part crIttiLtred io the r.torthwest:. 1/4 Qf Zcction 23, oz.' 1t' oaLocia-L-fied: CialfIzzia Attachment A tER6155 MS1582 :Lend in the City of Zloddf:i4d1I11 palawnd CoUnty, W.chit-jan eei&tribtte-21E4. Pott st4tiop ;Z, loeginning at .the center of SectiOn 22, IonnItie1d-2ovaShi?,„, PeIt:7,421d Co;lanty, aiohigelll thence sOuth .134 Aes#ees. 54 70..nlatts3U 11-e4m4t. oust. S4 -3 ,3q fett -41-r'ng the One-gllarter SettIon 2 .int; thclIct north 2 degriacS 12 :o/iinutes seaonds, cast 124.00 let; .theese Xctth 3-9..4eleegv lf siiiputos west 11 led14 t4vt'.trth 4 .4-ectte$,' 17' oli,nUtes -veSt 4212.52 to -'471e pc of thzr 4#0, detrpes .26 PiPUte5 144gS-1". ..6221,2DD feet1 #.'enee nOtO attree 4 -4.:Latittet vest 143 tett '!t venter of ttat 17,zz .At tjapie e tbe#ta nth 6fldeg:zees 55 1.-4,10utcrS to*st .114,99 feet; tb..emde nth 411. da4tees 17 u'ioutes 30 .sto4.10t 2,19..B7 feet; 'then-be -.11.4.4rth 1 6egree 53 mioutes 5Ct D& et Uleet; t4ente z;kealt.il 04rees 4 laimUtto east . -155.5F feet; t*(encenOrtb$4-4*14itil*A If.MinUze,st ,est--715,gt tettl -tbehoe north 2,3 deUx*OP 1.• zttiatute =4.Zet1-5.-.27 0=7-T-11e nerth 3B -.4etTfle$ 53 ziihIA,0 -st 2 .1 Zttftt.::1.:tbztee Aortb 54 deSeeL,S. 19 . LadInttg$ Oesi: 3 l*ztvrOVV4.4 P.0001 3 4e4r,et- ;=1-1/0V47eA .$37,22 feet; the.nee.400.1 tk ag teet1 _ - . , 't!beup:p rnozth g=4,,tm4 e4st:-.28V1a4t4. tbtA4-4 A00717*-as It 'put:4s 4/1. 4-300.44441$1t 14 :0.0'0i74 tiae " .40.t±v00' Z141:1/3t4t.:t ,.g45.:11*11-4;1. thenc# :ape, e4S.t IX:PS tett to the vest :btUnda.ay line Of the .Z!..400;.10.116k 2:714ttUte of 24;ient_TIR.L.5.r.Qptyl. -thei4-744 15w#1.1 Zleet4--thehde&th 3 4pgrtt:It 45 114nutes west 4613 fee-t4therc SO=t1.0.610 Zlie#ree 4 gInzi.tes seat 764,142 feet to .the :Point of rn=racliem.P.mt. A .parcul of Iand lying in Becticom 13, tor, 2 north, m'ange 2j3 eu.st, described as foIloet: BeginhiDgi ,irt aooint on the south section line of sald Section 15 4 situated roor',..11 89desroes Ivinctes 42 e ,°.,,onds west e,ma 42 2.7 feettr.= the. SpiztNaastr oor.her of he s.cuthuast 2,/4 -off the sesti= the=ce nth 55 ibt5onts lt minuteo 42: seconds west elom the -0.,:_t-ii&IsLtm-=.14. Ia r.f 43. sepermLi,„1.-J right of vey 237 feet more less tz, the Ileater of tillt_Da=mti,tid cfmte= Baed: thelwe Eauth 4-.1) 174P11141-006 NOI!z.St* along -the -oth4=em- Si the same roali 174 i:t.et zip= cir. lams to thE amot 4 vo line al Se=tir.T. 2E; the=a Ecuth 9 dmvxtes 39 mlnutes 4,5 seocnde east aaon7 the same section line 30E lett more or .1esm to t*hg. point laf besiening. ..71 -1m=cel of. -q4 -7,07-a-01 in.tht j/orth4/2 cv.,f Zeotion 22, towo 2 so=th, range 112 -ezst.4 Dloom=Lield l'orRhs.11,54. described :eit follows: ze=inning .a.t. a point 17,itta.te.et tollowsl Engin:uing at the center ci Set:tit:14 22; thenoe south SB ilegrmos, $A Tranute.s 20 Ett-Q07145s at 942.30 feet c.2.131-29 t.tta 1/4 :=Et.ti.'na :0.,Ai=1; thence north 2 olcgrees 12 Md.tuaths 31-.= stoondS east 17-t-0 tett:: thence not 39 dearees le na.mates west i6.11 feet; tho=e north 4 dogrees 17 nlinuteE west 37.0..52 t'e .-t to the point; therlue solAth DB ilegzets 3 minute?, 30 sesoads vest 2D4. 0 feet:. thence north 1 degree 04 minutes watt E7 feet; ther,ce no...t7th E .9 degrees 2E .na:nuties eatt 21 fee'“ theme south 4 Clereet 17 rLinutez east -50 feet to the point of bagin..q. Attachment A un86155 rta583 Lnnd mituatea 411d bring in the 114rth .1;2 of Savaon 22, to 2 north, range 1D east, lisseribeda nning at tho center of ssztioal 22, the=t;. mouth 39 degrees 541 -minutes 30 seconds east 543.30 tet along the ote-vlarter Section line; thence north 2 .degreeS 12 mlnutes 3D seconds cast 1 24 .0 fe:et; thence north .39 dcgrces LB minutes west 66.1: fret; thence mOrth t degrees 17 minutes west 270.52 feet; thence Louth 8-8 degrees 3 mintttes 30 seconds. west 264.0 feet; U' c. .north 1 degree 4 minutes vest 2 00..0 feet to the center of a 2C feet roadway naw mir: property.; thence Llong the centmr line of sairl roaawaY v,ith the otzvature thereof accoreivg to the following mmemmder, north tO aegrael 55 minutes west 1144D$ fee, thence north 4C Legrees 1/ minnteq BD seconds lmrst 219S7 feet; thence north 1 degree 53 ndnutea 30 ea conaS WESt 90_33 feet: thenoa nor:th 48 degrees 4 'atoinutes nact 15S -59 feeti themoe north 56 degrees, 16 =itctes east 75.3D feet; themce north 2C degroes a :minute east 15.27 feet:, thence north '3Z aegrees 53 alinntes east 293.19 feet:. the ,north 34 degrees 19 .01ntltes emst, 312-E9 feet; "6heztoe leaving the center Line of sei a roz .Porth 3 dtgrea:s SD minutes east 537.22 t'tet: thenoe north S9 degrees 25 mdnute,s vas t 1249., 96 _f.e..at.4 thece south a di-(rmas 5D mi nutes wes t 102.1. 2 fmet; thence saath 119 degxeect 43 =inches 3D ,Teconas ea.st 3 15 -02 feet; thence scctb degrees B3 vinntes 1:0 seconds 1,2B.St 1372.E9 teet to the point of hegimmin =Seth= MS:h the -.tight trJ use for ,Ingress and egress to the -F Faz--oea a 3D toot right or± way on a rout., bereal.ter laia oat Irom the 710;rth slam of the above .ilescriScd pranlia-s 1101--bei1Y to t4m hi0;;TaT knor,a2 es the BIommlf ;,:ead Center Roe-d. ?art of the southwest •1/4, s„s..tion. 15, tol:m 2 north, rmmge 20 east, desared es follows:: mt the southeast =0 .7mer 0! the ...70.Ut.Wgst 1/4 of sala Section-, thente north E9 desreas 35 minutes 4S scands viest 41eng sovIth section line 412-12 feet; thent.e north 55 deFreez 12 mannteS 4S e.,00ndm. wer,t 237 ,tmet, more ..cr lest; tc, ce7Att.t of ..-2-67,t'tiald Cente= l'opeat, thence -north 40 dsgeas 02 :11i=tes east aacns canter of said road 9JT6.05 feet to a point upon the nort, and svath 1/4 in cf .szid Sectiionv; thence Evath D degrees 12 minLItes veoonds west 737DC-5 fert e.1orrssa1/4 zettp:oh Line to the Foil= of besinains- BUT MM.:LULL:NS 1--77.' 7111-.7.-nW7Nri TWO luIRrELs OF LAUD MIUCE EAVE zxrze.pTzp IN VITIOLE OR EAR:: BY4.7-;=t2TION SET SORTH 'ABOVE .; Immd in -Ole Viillarf filow City) of Bloom:Zield P-411s,-Town1) of "Oelazald Colthtv, LtLcjuclescz:ibP.d err 1cw Commencing t tne ;4'4 Se=tion :_-.Lornt-.2.-5,;.,otions 15 ania 22 of illoctinfinlei Towric,hip, oaklenca Canguzty, Eithigan; tvaltze diegreon 123 mirnates zazt .12.63.05 't.143Pg tha SE=t4,01; lirm to 2-1 pt on the westerly hcnk of the nouge thf..-nce along the wettarly bank of the ,s,r,d .d river er46 to the et off the presont, sewage diopozza pz1t 44D fret no :Leos to an :Lro: mont=aut ZiDt",n co'A'rtrcte vervaience vrest 1009 feet_ to er. azioriurnsmt or the northorly side of' rhe ucoiretl kriot;:a ut hz,t as ±:ne Vealey raria Rote; thence along ihe seine side of the road 122,5 feat to an „Tr.omm-r-ant; the,=(;.: martin. 55 degze es IZL, IllirgitEE 48 ecDr.fLE West 233.1 faot toar. iron Irontramitt in the ez...st an wazt bet:weer, Scztionz 15 rd 22; thence sollth B9 deswees 35 md2.hutes 4E ca.st. 444.E2 4"eat to the pci.nt of Atta.thrnent A uo6155 ?pan • laf lot 0#4 :CP* Fz vj aria -15.ar.r.;t O„-f. tba sol:thvest 314 cf ectizi 1S'..421.4 part of the •ortlizt 214 ,Se=tiOn 22, tota 2 Irr47t#, te..nse 10: ta:*3.::,, .Z..ity Of "Z4o.ci-.41:e44 niaat4 p=!;1:71 ,14-1E !Go.urityl iiesth4bcid .s1 •5g1Ta.a.nt. itlt Intl-intj th ct cf 1.1 f Dia:44VJin ROit a corz#4": of p.ak rccb Fzr. SttbE 3:VIZ Li-C= of aid 2 44.i4 .pant •gort-,12 )ftgz-zt.. :41v41L9 .saId .c.ze.tetCeti feet fro= th. or 'uthz3y:4r....t :of .:Poie'.:Calil›.LE'strTztes R,‘''1,4r44.0.11.1 .t1)a.ript .04V7Pea...112 211.3110.0..s ezat- Road,174. feet,.s16-ct.,455 ir 17 mi..-Autrfs east T.674-.1 .th.e±4* zc.ut 0 4gtfpoeth 3:1.4a#vdtgs cat4-;-,2-00.22 et tit*nc ptti .B9 4e#pets 27 rt -ezrot; 73:..374fe, thsn octh tie.v.e.r.s 33 -therto6. 13E- 27 raL.ztte-53 •ft*.t :,40:6 C.2 Xi:Ile:. of, s:44.4. 50.: T.Eti4)_14.fi.L.41.1.44, 7...o•.w1; 31 c1rzmatilatm$ et t1ozgsaid Ca$t.,erly 3-- 4O- D5 f'ast to cb'u tof 7.4.6t TO, 04k Antib fArps :SchathAti:5ioz. line of4=.4:4-cLScian .22., Ch rt R.:dtr#..e.t -4=1=4i-i4...q along :seqt.i.oili±n 32. et tru..4.-taitC4x4,4, r-01'4t44-tii1749 5 -290 zgor Lox 111.5e iittginping at tic solit.raweVt. co7rte,t-.-.c..f. the Inntrt.toOast 3.,t4 ,toz:tinn B: Lab atiead TO`tr4rattliv,, ,:thalazraid utia t'in,rracr balin,F;) rommon i thS,0:.t.ji.ons 22 end 237.thzFrce t ho •,ast.and vizEi 2/A.Z=.4.:44crz4 :Urvt f sdtipxv 72-2 llotth SB. de5reas 54. zi.-9,-Lvtes 30 .seconti:.: wr,t.5t 91.E2f eat t..,a poitlt-4 taezog rrth 1sci -gz.-.as, -.441 iit'. Nies'.:...1.51.0 ft to .A t.1-ar:.!..-6 .12:or.ta 37 4e_srets 216M2-.-4g feet ...p.olat. 4* cr41-21:4=4; saie pant Itti,47453 .onir ai.:71a ;±:r..F#3,4=fas 141LI:rict, t_ta.z 's1:24;#.b. :bourir,UT.ry t4t.14,41743sviiozi4 • 4r,ixr44.tei4 ,.ca.S.t,.1#2,.LI- feet...to. a :p42441-rtt:o th ,ENELsi.t 1:11 CrAnbrIza, -tif:541#g. SC:111h 79 el,s717e .,s.7 3D t evc.i..47s east ,p-:.)72 feet tO A . zacCrlds tntt g IttL'..,ats oast. .213,4:9 !,t'et .to a •paint .141. t.ha .centpa Cranbraolz the:lace' Lemith224.1asteea 54 .rn:1.4-rt40-E3i s4z.ctmcls ' west 22.2 :teat to #.4Nturir: st.,mth .23 4e.g.ri.a.t-i:7aa rairtitez 3D.wr 444:34 feat to -a aaast.h. 3 cia:.g.res ;1 inizratc.z ..ea--t O.. 2. t to A pp..',:•..p.t.4 thunOe ..r.,puth. 3 ,dergteca 13 zeiarata-s e.ast 723-313 l'ea'.4 t tit'4 itattatzaztitiz Cranbroo).7.1:- mad Lone: ?ine abadis ippiara t.heaacrt...z..27.;.S=74....ion 11176 o. $aatti 23, thtoxICte Br.9 iie-gra:pa 74 ib 2ci$et..opas )iitest. -along th. ttatrztv.r. sectioT1 9IL.3 .46t tb4' pod....r4t Lots 23, 24, 25 and 25. Sotath rzan1.1:abk liber 37 page 7-7 plaEkt.'s, 0aKie,n4 Count-v. Records.. ..E"X=PT 2FDLLOTivt4G .: Tart.of .:1:7-.Ls 23 2,4 Soutlicnro Itiert-ieribed Et.t.th ol:thvezt =cix-Aer Lot 23, th-c.-1-14-n Ttrrr-H"lr'-lv Us line CO1UP.0111 to LOt;,.c 234 :24 and 26 to ttp-C.6..thar,..= corner cf Lot .7.6 y ellErrve aly 1 par231Ie.t4 the aontherlyii ci said Lot, 2, .to the ve-stez.74 .v.17 .44 Rozi.d ?, tive...nce uotrt-,.!le.r2.1,7 vieser4y:1:-.1ite :ati*.t-ii.eitst!corizei.ieS-:zzi!...-"zi:Zat "23, vastexl-y . . . „ • : • Attachment A •mzi5155 FABE585 1 Lot B:iarbenk, a Subdivision, as recorded in lber 52. of plats, CD page 24, Oakland Gott' Records. er4 :2 Part of the west 1/2 Of the anirthwest 1/4 of .5ection 23, town 2 north, range 1.0 east, City Of Bloomfield Bills, Midhigam drib ecig at a point cm, the denbtrUx f Cranbrodk:Road. aitent florttl. 2 degrees 45 szinutes west 15,37.t3 feet „tr.= thm io„tersection of canter line of Cranrock ROed R71 "44 -1-0Tts-,- lime of Lone Tina Road; .VC thence ddntinv.ing a1ong the ceMter lite Mc tranbtoZk Road mOrth 2 - r 9= degrees 45 mictes we-rt 153.45 ft hence cormb .U5 degrees o4 uanttes east 294.53 feet; thence South 2 tasrtks 45 .2litaltem eaSt Z7.80 feet: thence outh 3D deqeses 41 10a4gte eaSt 511,15 feeU tfamnc -e sout 37 degrees Ifttlinutes SZeecnoknd3 1Re-t 110,1.3. feet :; thamoll south 87 degrees 57 minutes 3D seconda vest 2$2,51.teet to the Plac'ef bt5innilIS'P t t51 :7 i5htle rf PAIL04M the hiAlAw. N1:04 pag:t.S., to be -Lot 17 of 'Wesessdris Pist Nz 5,-0=00.alhq to loait tbire.41 d recordad In liber 52 pf pg 24, ga1c1azolty4a-aor4a; That part, of tot 20 4 aXlaesSOr le PlatiliO,'E doe the Vil1a5e of Sloom4iel4 Rills, as recorde4 in the Utf440 ITZ the oak1and;a01314 aP7ister of Deeds in liber 5t nf plats, page 14, cm AprIl .111 4 nsa, that lies wost of the .cente: cf the Faver Range. Lana 4,o the City of Eloatfield Rills, .r.,,Iro-nn,19 xich4,gen desoribed aS : A part of the s=th. 1/2 f th ftat .1/4 of Sedtiom 23, tnwt. 2 tortb, raTiv.e lc et s 111Q0a-±Azd TownShip, pajama countN, cribed fallow:: Commencing at a point on the eaSt „Tula -west 1/4 lime of BectiOn 23.1 stasted --0310.72 fl°1-+ ftooM the Center of the same section.; thenOo east frou to pottt 539,04 teat along the same eaEt and west 1/4 lime tg2P the: ectuaZ.A61.1=...4 ..20==r of the laxe beng dME=.-ibedt -s&id corner :baimv afitlaated an the VSSIeZfITIL0112d4rY Df I4V7C,47"-VA V; thence narEnetly e3.tga5tx wezteely-nommdary of moodward nvenve .571.2 feet to iron l sol4t.h 56 .degrees 51 minutes pest 27.0-..59 feet; theme soath 32,3,21. feet to tfl PDint of Cont-0-71 4g 2 -B2 PQrP°1-ts to brE Lot 2'9'4 ARs4ssit3t7's net vo. according to tne plat thereof recorded in liber 52 of plats, page 24, Oakland C*1===t1: Records. ▪ an in the Township of Tyrone, Livingston County -, rIthi.gan de=ibed • The et 1/2 6-.Z Sect1oh 24, town 4 north, rande -6 east, excePt."-nS therefroa the noz:th 29.4 .0.rnr,0 milterecf. $ubject to the rights oi the cublic and of any governmental 1.111 in any part thereof taken, used or deeded for street, road or hiyhway plarpae- snioject to restrlctions and easements of record, if any. h.; \ • or4azarrattow:. t'.: , , l'''.- 1 • t I'Ll 1 7.7".'t, 1 1 MI2=07 ' 4.1 r7Orsji-L'' • ' ror ;7:1 toy „„. .t' ; I .../.4.• fath., . .I i 1 '7.-7---?q ''Jf..---). ' : r 1 MI 1":•-t 1 'Z' 1 J - : • ' 380 Lone Pine Roca Mail Conespondence Po: P0 Box 80' B'toointiela HIb Mienigan 4830.080'. U S A Office .248 645. 308C ,:ot 248 645. 3027 B ChiW Operating Office. ACADEMY OF ART ART MUSEUM BROOKSIDE LOWER SCHOOL CRANBROOK KINOSWOOD MIDDLE SCHOOL CRANBROOK KINGSWOOD UPPER SCHOOL INSTITUTE OF SCIENCE July 14, 2009 Ms. Mary Langhauser Economic Development Corporation of the County of Oakland 2100 Pontiac Lake Road Building 41 West Waterford, Ml 48328-0446 Dear Ms. Langnauser: Enclosed please find an Application for Assistance presented by Cranbrook Educational Community ("Cranbrook") in regards to the possible Issuance of bonds by the Economic Development Corporation of the County of Oakland to support certain projects at Cranbrook. Also enclosed is a check in the amount of 8500.00 representing Cranbrook's application fee. Please do not hesitate to contact me if you have any questions at (248)645- 3080. Sincerely, Dominic DiMarco Chief Operating Officer /sn Encl. cc: P. Ruthven, Cranbrook E. Kelly, Sound Capital Management Exhibit B LETTER OF CREDIT OR BOND PURCHASER'S COMMITMENT LETTER CHASE 0 Delivery via Email anilfor Overriliziu Mall June 16,2010 Dominic DiMarco Chief Operating Officer Cranbrook Educational Community 380 Lone Pine Road Bloomfield Hills, MI 48303 ddimareo@cranbrook.edu Dear Dominic: Craribrook Educational Community (the "Borrower"), has requested that WMorgan Chase Bank, N.A. purchase a "bank-qualified" tax exempt bond (the "Facility A" or "Bond") in the aggregate principal amount of up to $30,000,000 to be issued by The Economic Development Corporation of the County of Oakland (the "Issuer"). WMorgan Chase Bank, NA. (the "Lender" or the "Bank") is pleased to confirm its willingness TO purchase the Bond for the benefit of the Borrower in the amount of up to $30,000,000 (the "Commitment"), on the terms and conditions set forth herein and in the term sheet snitched hereto (the 'Terrn Sheet"). Borrower has also requested an extension to its existing direct pay letter of credit (the "Facility B" or "DPLOC") in the aggregate principal amount of $46,923,803.00, to provide credit enhancement and liquidity support for the Borrower's Tax-Exempt Series 2007 Bonds. The Bank is pleased to confirm its willingness to provide a live-year extension to the existing Chase DPLOC for the Borrower in the amount of $46,923,803.00, on the terms and conditions set forth herein and in. the Term Sheet. In addition, the Lender reserves the right to allocate its commitment among its affiliates and assign some or all of its rights to and delegate some or all of its responsibilities hereunder to one of its affiliates. The obligation of the Lender to provide credit to the Borrower is subject to the execution and delivery of loan documentation that is satisfactory to the Bank and its legal counsel (the "Bond Documents"). The Bond Documents shall contain such representations, warranties, covenants, events of default, conditions precedent, indemnities, remedies and general provisions that Bank and its counsel dean necessary and shall otherwise be satisfactory in form and substance to Bank and its counsel. The terms, covenants, and conditions set forth in the Term Sheet merely outline some of the principal provisions of the Bond Documents rather than a full and complete description or exclusive list of 311 terms, covenants and conditions, To the extent that any terms, covenants and conditions in the Bond Doeuments are inconsistent with this Commitment, the terms, covenants and conditions in the Bond Documents shall control. The Lender's obligation under this Commitment shall also be subject to (a) the Lender's determination that there is no material adverse change in the business, condition (financial or otherwise), operations, performance or properties of the Borrower from December 31, 2009, (b) the Lender's completion of and satisfaction in all respects with a due diligence investigation of the Borrower, (e) the Lender's not becoming aware after the date hereof of any information or olhei—mattaa affeeting the Borrower or the transactions contemplated hereby which is inconsistent in a material and adverse manner with any such information or other matter disclosed to us prior to the date hereof, (d) the Borrower's compliance with the terms of this Commitment Letter and (e) the other conditions set forth Or referred to herein and in the Term Sheet. Confidential The Borrower hereby agrees to reimburse the Lender for all reasonable out-of-pocket expenses (including the reasonable fees, time charges and expenses of attorneys for the Lender, which attorneys may be employees of the Lender) incurred in connection with the preparation, negotiation, execution ; and enforcement of this commitment letter, the Bond Documents and any other documentation contemplated hereby or thereby. The Borrower hereby further agrees to indemnify and hold harmless the Lender and its officers, employees, agents and directors (each an "Indemnified Party") against any and all losses, claims, damages, costs, expenses (including the reasonable fees, time charges and expenses of attorneys for the indemnified parties, which attorneys may be employees of the indemnified parties) or liabilities of every kind whatsoever to which each of the indemnified parties may become subject in connection in any way with the transaction which is the subject of this commitment letter, including, without limitation, expenses incurred in connection with investigating or defending against any liability or action (whether or not such indemnified party hereunder is a party thereto) other than any such costs, claims, damages, expenses, and liabilities 'resulting from the gross negligence or willful misconduct of such Indemnified Party. The Borrower's obligations under the immediately preceding paragraph shall continue and are and shall remain absolute obligations of the Borrower, unless and until superseded by the indemnity provisions of definitive Bond Documents, whether or not Bond Documents are executed or any lean is made by the Lender or any conditions of lending are met. The obligations of the Lender under this commitment letter are enforceable solely by the Borrower and may not be relied upon by any other person. The Lender shall not be liable under this commitment lever or any Loan Document or in respect of any act, omission Or event relating to the transaction contemplated hereby or thereby, on any theory of liability, for any special, indirect, consequential or punitive damages. IF THIS COMMITMENT LE'i l'ER, THE TERM SHEET OR ANY SUCH ACT, OMISSION OR EVENT BECOMES THE SUBJECT OF A DISPUTE, THE BORROWER AND THE LENDER EACH HEREBY WAIVE TRIAL BY JURY. This commitment letter and the Term Sheet are for the Borrower's confidential use only and may not be disclosed by it to any person other than its employees, attorneys and financial advisors (but not commercial lenders), and then only in connection with the proposed transaction and on a. confidential basis, except where (in the Borrower's reasonable judgment) disclosure is required by law or where the Lender consents to the proposed disclosure, which consent shall not be unreasonably withheld. Officers, directors, employees and agents of the Lender shall at all times have the right to share information received from the Borrower with its affiliates and their respective officers, directors, employees and agents, all on a confidential basis. This commitment letter and the Term Sheet supersede any and all prior versions hereof or thereof. This commitment letter may only be amended by a writing signed by all parties hereto. This commitment letter shall be governed by the internal laws of the State of Michigan. The compensation, reimbursement, indemnification and confidentiality provisions contained herein and in the Term Sheet shall continue and an and shall remain absolute obligations of the Borrower, unless and until superseded by the indemnity provisions of definitive Bond Documents, whether or not Bond Documents are executed or any loan is made by the Lender or any conditions of lending are met. If the foregoing correctly sets forth our agreement, please indicate the Borrowers acceptance of the terms hereof and of the Term Sheet by returning to the Lender an executed counterpart hereof, together with the amounts agreed upon pursuant to the Term Sheet to be payable upon the acceptance hereof, not later than 5:00 pm., New York City time, on June 18, 2010. The Lender's comminnent will expire at such time in the event the Lender has not received such exPrnitrel cymnterpart and such amounts in accordance with the immediately preeeding sentence. This Commitment Letter and Term Sheet supersede any and all prior versions hereof and thereof. Notwithstanding timely acceptance of this commitment letter pursuant to the preceding sentence, the commitment herein contained will 2 CHASE C "le ,•• 3 CHASE CI confidential automatically terminate unless definitive Bond Documents are executed on or before October 31, 2010 for Facility A and July 31, 2019 for Facility B. Sinetrely, JPMorgan Chase Bank, N.A. By: - - Title: ACCEPTED AND AGREED TO: Cranbrook Bduçadosisi Community By: Title: CC: Marissa Putaris Craig Hammond Erik Kelly Exhibit C COMPANY CERTIFICATE REGARDING TRANSFER OF EMPLOYMENT (Cranbrook Educational Community Project) The undersigned, Cranbrook Educational Community, a Michigan nonprofit corporation (the "Company"), hereby certifies to The Economic Development Corporation of the County of Oakland (the "EDC') as follows: 1. This Certificate is made and based upon the best of the Company's knowledge and belief, only after thorough investigation and discussion with all owners of the Company and others who might have knowledge regarding the subject matter. 2. The Company acknowledges that this Certificate will be employed by the EDC as the sole basis for the EDC's certification to the Board of Commissioners of the County of Oakland as to transfer of employment as required by Section 8(3) of the Economic Development Corporations Act, Act No. 338 of the Michigan Public Acts of 1974, as amended (the "Act"). 3. The Company understands that the EDC's Certification to the Board of Commissioners of the County of Oakland is a statutory requirement which, if improperly made or based upon any material misrepresentation or inaccuracy, might invalidate the proceedings regarding the Cranbrook Educational Community Project (the "Project") pursuant to which the EDC expects ultimately to issue its limited obligation economic development revenue bonds to finance all or part of the Project. 4. As of the date hereof. the Project shall not have the effect of transferring employment of more than 20 full-time persons from a municipality (as that term is defined in the Act) of this State to the City of Bloomfield Hills, Michigan, the municipality in which the Project will be located. 5. The Company understands that a covenant to effectuate the purposes of this Certificate will be included in those covenants to be made by the Company when bonds are issued by the EDC for the benefit of the Project, Cranbrook Educational Community, a Michigan nonprofit corporation By: Its: Chief Operating Officer Dated: Exhibit D COMPANY CERTIFICATE REGARDING PAYMENT OF PREVAILING WAGES (Craubrook Educational Community Project) The undersigned, Cranbrook Educational Community, a Michigan nonprofit corporation (the "Company"), hereby certifies to The Economic Development Corporation of the County of Oakland (the "EDC") as follows: 1. The Company understands that this Certificate is a statutory requirement under the Economic Development Corporations Act, Act No. 338 of the Michigan Public Acts of 1974, as amended (the "Act") which, if improperly made or based upon any material misrepresentation or inaccuracy, might invalidate the proceedings regarding the Cranbrook Educational Community Project (the "Project") pursuant to which the EDC expects ultimately to issue its limited obligation economic development revenue bonds to finance all or part of the Project. 2. Within the meaning and intent of Section 8(4)(h) of the Act, all persons performing work on the construction of the Project will be paid the prevailing wage and fringe benefit rates for the same or similar work in the locality in which the work is to be performed, as determined pursuant to Act No. 166 of the Michigan Public Acts of 1965, as amended. Cranbrook Educational Community, a Michigan nonprofit corporation By: Its: Chief Operating Officer Dated: BI-1 561467v1 Resolution #10182 Moved by Scott supported by Potts the resolution be adopted. Discussion followed. July 22, 2010 AYES: Gosselin, Hatchett, Jackson, Jacobsen. Long, McGillivray, Middleton, Nash. Potts, Runestad, Scott, Taub, Zack, Bullard, Burns, Coulter, Douglas, Gershenson. Gingell. (19) NAYS: Greimel. (1) ABSTAIN: Schwartz. (1) A sufficient majority having voted in favor, the resolution was adopted. STATE OF MICHIGAN) COUNTY OF OAKLAND) I, Ruth Johnson, 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 July 22, 2010, 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 22nd day of July, 2010. Gait Ruth Johnson, County Clerk