HomeMy WebLinkAboutResolutions - 1977.07.07 - 105688067 RESOLUTION NO. July 7, 1977
RE: OAKLAND-PONTIAC AIRPORT T-HANGAR SYSTEM
BY: PLANNING AND BUILDING COMMITTEE
TO: THE OAKLAND COUNTY BOARD OF COMMISSIONERS
MR. CHAIRMAN, LADIES AND GENTLEMEN:
WHEREAS, the Oakland County Board of Commissioners adopted
an Ordinance authorizing the issuance of revenue bonds in the
principal amount not to exceed $710,000.00; and
WHEREAS, it is necessary that the County Clerk publish
Notice of Intent of the County of Oakland to issue revenue bonds
in the principal amount of not to exceed $710,000.00 and notice
of right to petition for referendum thereon.
NOW THEREFORE BE IT RESOLVED that the Oakland County Clerk
is authorized and directed to cause the following notice to be
published and prominently displayed and in each the Oakland Press
and The Daily Tribune, to-wit:
COUNTY OF OAKLAND
STATE OF MICHIGAN
NOTICE OF INTENT OF OAKLAND COUNTY TO ISSUE REVENUE
BONDS IN THE PRINCIPAL AMOUNT OF NOT TO EXCEED
$710,000.00 AND NOTICE OF RIGHT TO PETITION FOR
REFERENDUM THEREON
TO ALL ELECTORS AND TAXPAYERS OF
THE COUNTY OF OAKLAND, STATE OF
MICHIGAN, AND OTHER INTERESTED
PARTIES:
NOTICE IS HEREBY GIVEN, that the Board of Commissioners
of the County of Oakland, Michigan has adopted an ordinance
authorizing the issuance of revenue bonds in the principal amount
of not to exceed $710,000 to defray the cost of extending the
Oakland-Pontiac Airport T-Hangar System by the acquisition of 55
new T-hangars at the Oakland-Pontiac Airport.
1 HERETO' APPROVE THE FORE NG RESOLUTION
1(13/n -,t iei TT-Murpny, County ,
NOTICE IS FURTHER GIVEN, that the said bonds will be issued
pursuant to the provisions of Act No. 94, Public Acts of Michigan,
1933, as amended. The bonds will be payable solely from the net
revenues derived from the operation of the Oakland-Pontiac Airport
T-Hangar System and will bear interest at a rate of not to exceed
8% per annum.
NOTICE IS FURTHER GIVEN, that this notice is given to and
for the benefit of all electors and taxpayers of the County of
Oakland, and other interested parties, in order to inform them
that said bonds will be issued without submitting the question
of their issuance to a vote of the electors of the County, unless
within 45 days from the publication of this notice, a petition
signed by not less than 10% or 15,000 of the registered electors
of the County, whichever is less, requesting a referendum upon
the question of the issuance of such bonds, is filed with the
undersigned County Clerk, in which event the bonds will not be
issued unless and until approved by a majority of the electors
of the County qualified to vote and voting thereon at a general
or special election.
This notice is given by order of the Board of Commissioners
of Oakland County in accordance with the provisions of Section 33
of Act No. 94, Public Acts of Michigan, 1933, as amended.
Oakland County Clerk
Dated:
BE IT FURTHER RESOLVED that it is hereby determined that
the aforesaid notice provides information necessary to adequately
inform the electors and taxpayers of the County of Oakland of the
nature of the bonds to be issued, of the obligations to be under-
taken by the County of Oakland, of their right to file a petition
for a referendum on the issuance of the bonds, and of the nature
of the issue.
BE IT FURTHER RESOLVED that it is hereby determined that
the Oakland Press and The Daily Tribune are newspapers which have
general circulation in the County of Oakland and are the news-
papers reaching the largest numbers of persons to whom the notice
is directed.
The Planning and Building Committee, by Mr. Richard R.
Wilcox, Chairman, moves the adoption of the foregoing resolution.
PLANNING AND BUILDING COMMITTEE
104;100641i •10q 6iina#47•1••
Richard R. Wilcox, Chairma
#8 067 July 7, 1977
Moved by Wilcox supported by Patterson the resolution be adopted.
AYES: Kelly, Lanni, McConnell, Moffitt, Montante, Moxley, Patterson, Perinoff,
Pernick, Simson, Wilcox, Aaron, Daly, DiGiovanni, Doyon, Fortino, Gabler. (17)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was adopted.
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
1, Lynn D. Allen, Clerk of the County of Oakland and
having a seal, do hereby certify that I have compared the annexed copy of
Miscellaneous Resolution #8067 adopted by the Oakland County Board of
Commissioners at their meeting held on July 7, 1977
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
1. this 7th day of July 917
Lynn D. Allen clerk
By Deputy Clerk