HomeMy WebLinkAboutResolutions - 1974.09.05 - 10471Fred D. Houghten,—ChAi*an
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Miscellaneous Resolution 6812 September 5, 1974
BY: FINANCE COMMITTEE - Fred D. Houghten, Chairman
IN RE: DRAIN REVOLVING FUND ADVANCE
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairman, Ladies and Gentlemen:
WHEREAS it is necessary to advance funds for preliminary expenses of the various
County drains through the Drain Revolving Fund prior to the sale of bonds or assessment;
and
WHEREAS this fund is operating with previously authorized long-term advances of
$226,644.78; and
WHEREAS, due to growth, it is necessary to additionally finance said fund in order
to adequately carry out these operations;
NOW THEREFORE BE IT RESOLVED that pursuant to the provisions of Act 40 of the
Public Acts of 1956, as amended, additional advances to the Drain Revolving Fund be and
they are hereby authorized, as needed, from the County General Fund, the total of said
advances together with previously authorized advances not to exceed an overall total of
$550,000.
The Finance Committee, by Fred D. Houghten, Chairman, moves the adoption of
the foregoing resolution.
FINANCE COMMITTEE
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#6812 September 5, 1974
Moved by Houghten supported by Richardson the resolution be adopted.
AYES:. Hobart, Hoot, Houghten, Lennon, Mathews, Moffitt, Montante, Nowak,
Olson, Potholes, Perinoff, Pernick, Quinn, Richardson, Vogt, Walker, Wilcox, Berman,
Brotherton, Burley, Button, Coy, Dearborn, Douglas, Dunleavy, Gabler. (26)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was adopted.
t.'
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Lynn D. Allen, Clerk of the County of Oakland and
having a seal, do hereby certify that I have compared the annexed copy of ,
Resolution #6812 adopted by the Oakland County Board of Commissioners
at their meeting held on September 5, 1974
with the original record thereof now remaining in my
office, and that it is a true and correct transcript
therefrom, and of the whole thereof.
In Testimony Whereof, I have hereunto set my hand and
affixed the seal of said County at Pontiac, Michigan
6th September 74 this day of 19....
Lynn D. Allen Clerk
By Deputy Clerk