HomeMy WebLinkAboutResolutions - 1986.05.22 - 10762Miscellaneous Resolution # 86131 May 8, 1986
By: PLANNING AND BUILDING COMMITTEE AnneM. Hobart, Chairperson
In Re; DRAIN COMMISSIONER—ESTABLISHMENT OF A DAM REPLACEMENT
REVOLVING FUND
To the Oakland County Board of Commissioners
Mr. Chairperson, Ladies, and Gentlemen:
WHEREAS the Inland Lake Level Act, Act No. 146 of the Public Acts
of 1961, as amended, provides in Section 5 that the Board of Commissioners
shall determine the method of financing the initial costs of a lake level project;
and
WHEREAS the Oakland County Board of Commissioners adopted Miscellaneous
Resolution #81275 on August 6, 1981, which authorized an advance from the
general funds of the County of Oakland in the amount of $300,000 in order
to reduce the total cost of the repairs of the Pontiac Lake Dam and to reduce
the severity of the financial impact of the special assessments that were
to be levied against the parcels of land benefited by the dam reconstruction;
and
WHEREAS $100,000 of the advance for the Pontiac Lake Dam has been
repaid to the general funds of Oakland County with $200,000 still to be repaid;
and
WHEREAS there are many dams located on lakes in Oakland County
which through age and deterioration require repair, reconstruction, or replacement
due to the age and deterioration over time of these existing dams and other
lake level control structures; and
WHEREAS the repair, reconstruction, or replacement of dams or other
lake level control structures on lakes in Oakland County when such structures
require replacement due to age or deterioration over a period of time will
protect the public health, safety, and welfare and conserve the natural resources
of the County of Oakland; and
WHEREAS the establishment of a dam replacement revolving fund to
pay for the initial costs of the repair, reconstruction, or replacement of
dams with any advance from the revolving fund to be repaid from assessments
against the property owners or municipalities, in a special assessment district,
will provide a method of financing where the Board of Commissioners determines
that a dam should be repaired, reconstructed, or replaced under the provisions
of the Inland Lake Level Act for the protection of the public health, safety,
and welfare and the conservation of the natural resources of the County
of Oakland; and
WHEREAS the Oakland County Board of Commissioners desires to establish
a darn replacement revolving fund in the amount of $700,000 from which
advances may be authorized only by resolution of the Board of Commissioners
for projects established pursuant to the provisions of Act 146 of the Public
Acts of 1961.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of
Commissioners establishes a dam replacement revolving fund to pay for the
initial costs of repair, reconstruction, or replacement of dams when authorized
by resolution of the Board of Commissioners for proceedings under the Inland
Lake Level Act, with all advances from the revolving fund to be repaid
by special assessment against the property owners or municipalities in the
assessment district established pursuant to the statute.
BE IT FURTHER RESOLVED that the Oakland County Board of Commissioners
directs the transfer of the sum of $500,000 to the dam replacement revolving
fund to provide a method of financing for the initial costs for the repair,
reconstruction, or replacement of dams or other lake level control structures
in Oakland County.
BE IT FURTHER RESOLVED that the Oakland County Board of Commissioners
directs that the repayment of the remaining balance of $200,000 from the
Pontiac Lake Dam advance be repaid to the Dam Replacement Revolving Fund
rather than to the General Fund.
Mr. Chairperson, on behalf of the Planning and Building Committee,
I move the adoption of the foregoing resolution.
Planning and Building Committee
I HErpY APPROVE THE FOR • 'NG RE • UTION
,
FISCAL NOTE
BY: FINANCE COMMITTEE, DR. G. WILLIAM CADDELL, CHAIRPERSON
IN RE: DRAIN COMMISSIONER - ESTABLISHMENT OF A DAM REPLACEMENT
REVOLVING FUND - MISCELLANEOUS RESOLUTION #86131
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
Pursuant to Rule XI-G of this Board, the Finance Committee
has reviewed Miscellaneous Resolution #86131 and finds:
1) The establishment of a Dam Replacement Revolving Fund
in the amount of $700,000 to pay for the initial costs
of repair, reconstruction, or replacement of dams in
Oakland County,
2) Advances from the revolving fund will be authorized
only by resolution of the Board of Commissioners for
projects established pursuant to the provisions of
Act 146 of the Public Acts of 1961,
3) Advances from the revolving fund will be repaid by
special assessment against the property owners or
municipalities in the benefitting assessment district,
4) Repayment of the remaining balance of $200,000 from the
Pontiac Lake Dam advance, authorized by Miscellaneous
Resolution #8I275 will be repaid to the Dam Replacement
Revolving Fund rather than to the General Fund,
5) An amount of $500,000 in the General Fund available for
transfer to the Dam Replacement Revolving Fund and trans-
fers said amount as follows:
1 -10100 -909-01-00-9900 Contingency $(500,000)
1-10100-210-635 Due to Dam Replacement 500,000
Revolving Fund $ -0-
FINANCE COMMITTEE
May 198 6
#86131 May 22, 1986
Moved by Hobart supported by Fortino the resolution (with
Fiscal Note attached) be adopted.
Moved by Webb supported by Olsen the resolution be amended by
adding: "BE IT FURTHER RESOLVED that repayment of all project costs to
the revolving fund be made with interest charged at the prime rate
prevailing at the commencement of the project."
Moved by Perinoff supported by Pernick the amendment be amended
by setting the interest rate at 6%.
Discussion followed.
Vote on Mr. Perinoff's amendment to the amendment:
AYES: Wilcox, Aaron, Doyon, Gosling, Hassberger, Lanni, Olsen,
Perinoff, Pernick. (9)
NAYS: Rewold, Rowland, Skarritt, Webb, Caddell, Calandro,
Fortino, Hobart, R. Kuhn, S. Kuhn, Law, McConnell, McDonald, McPherson,
Moffitt, Nelson, Page, Price. (18)
A sufficient majority not having voted therefor, the amendment
to the amendment failed.
Vote on Mrs. Webb's amendment:
AYES: Webb, Aaron, Doyon, Gosling, Hassberger, Lanni, Moffitt,
Olsen, Perinoff, Pernick. (10)
NAYS: Rowland, Skarritt, Wilcox, Caddell, Calandro, Fortino,
Hobart, R. Kuhn, S. Kuhn, Law, McConnell, McDonald, McPherson, Nelson,
Page, Price, Rewold. (17)
A sufficient majority not having voted therefor, the amendment
failed.
Vote on resolution:
AYE: Skarritt, Webb, Wilcox, Aaron, Caddell, Calandro, Doyon,
Fortino, Gosling, Hobart, R. Kuhn, S. Kuhn, Lanni, Law, McConnell,
McDonald, McPherson, Moffitt, Nelson, Page, Perinoff, Pernick, Price,
Rewold, Rowland. (25)
NAYS: Hassberger, Olsen. (2)
A sufficient majority having voted therefor, the resolution was
adopted.
STATE OF M1C17HGAN)_
COUNTY OF OAKLAND)
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 # 86131adopted by the Oakland_County.Board of
Commissioners at their meeting held on may 22, 1986
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, 1 have hereunto set my hand and affixed
the seal of said County at Pontiac, Michigan
this 22nd 'day of
Lynn/D, Allen, CoUTAy Clerk/
RegYster of Deeds: