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HomeMy WebLinkAboutResolutions - 1986.03.26 - 10689Lawrence R. Pernick Dennis M. Aaron Betty Alexander C. Perinof March 13, 1986 Miscellaneous Resolution # 86055 BY: Commissioners Dennis M. Aaron, James A. Doyon, Betty Fortino, Ruel E. McPherson, Alexander C. Perinoff, Lawrence R. Perniek, Hubert Price, Jr. RE: DISBURSEMENT OF FUNDS TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS Mr. Chairperson, Ladies and Gentlemen: WHEREAS, Oakland County was assessed an additional six percent on state equalized value on residential property in 1982; and WHEREAS, Oakland County officials felt this additional six percent assessment was unjustified and began the process of litigation; and WHEREAS, Oakland County in preparation of the litigation, the Board of Commissioners placed 2.8 Million Dollars in a reserve account contingent upon successful conclusion of the litigation; and WHEREAS, Oakland County was unsuccessful in this litigation and the Board of Commissioners by Misc. Res. #85294 decided to return the 2.8 Million Dollars to the respective communities on a formula based upon residential S.E.V.; and WHEREAS, the 2.8 Million Dollars represented the principle and not the interest which amounts to an excess of $900,000; and WHEREAS, there is a shortage of finances in many local communities due to federal and state budget reductions. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commis- sioners hereby appropriates an amount equal to the amount of accumulated interest on the 2.8 Million Dollars to be distributed to local communities on the same formula basis as Misc. Res. #85294. BE IT FURTHER RESOLVED that the same criteria established in Misc. Res. #85315 be used in the application for local share of county programs. . Chairrersorynfe move the adoption Clthe forsgging resolution. Ruel E. McPherson LULA- Hu*rt Price, Jr. #86055 Moved by Caddell supported by McConnell the Fiscal Note be accepted and the resolution adopted. Moved by Aaron supported by Doyon the Fiscal Note be amended to state the necessary amount of $900,000 will come from the Contingency Fund. Discussion followed. Vote on amendment: AYES: McPherson, Perinoff, Pernick, Price, Aaron, Doyon, Fortino. (7) NAYS: McConnell, McDonald, Moffitt, Nelson, Olsen, Rewold, Skarritt, Webb, Wilcox, Caddell, Calandra, Gosling, Hassberger, Hobart, Holland, Richard Kuhn, Susan Kuhn, Lanni. (18) A sufficient majority not having voted therefor, the amendment failed. Vote on resolution: AYES: McPherson, Perinoff, Pernick, Price, Webb, Aaron, Doyon, Fortino. (8) NAYS: McDonald, Moffitt, Nelson, Olsen, Rewold, Skarritt, Wilcox, Caddell, Calandro, Gosling, Hassberger, Hobart, Holland, Richard Kuhn, Susan Kuhn, Lanni, McConnell. (17) A sufficient majority not having voted therefor, the resolution failed.