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HomeMy WebLinkAboutResolutions - 1985.09.26 - 11230Miscellaneous Resolution No. Date: September 12, 1985 BY PUBLIC SERVICES COMMITTEE - JAMES E. LANNI, CHAIRPERSON IN RE: COMMUNITY DEVELOPMENT DIVISION - GUIDELINES OR COMMUNITY DEVELOPMENT CONTINGENCY ACCOUNT FUND TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS Mr'. Chairperson, Ladies and Gentlemen: WHEREAS, Community Development Block Grant funds have been set aside in a Contingency Account over the past several years; and WHEREAS, this account has been used to facilitate the accounting process for processing year-end closing transactions, provide a reserve fund for cost overruns and to grant supporting funds to communities for new construction of assisted housing developments; and WHEREAS, funds from this account have been expended over the past several years for eligible HUD approved Assisted Housing Projects, with the approval - of both Citizens Advisory Council and the Board of Commissioners; and WHEREAS, the purpose of this resolution is to establish a Contingency Account for potential cost overruns pertaining to Oakland County CDBG funded activities and discontinue expending funds from this account for approved Assisted Housing Projects; and WHEREAS, the setting aside of these funds has resulted in a five year accumu- lated total of $448,155.54; and WHEREAS, this present fund balance points to the need for establishing a maximum account balance and a procedure for allocating the amount that is in excess of the established maximum; and WHEREAS, the Contingency Fund Subcommittee of the Citizens Advisory Council recommended to the Council that a $200,000 maximum Contingency Fund Account balance be established and to distribute the excess balance of funds by the approved allocation formula to the municipalities for use at the local level for the 1986/87 program year (reference attachment); and WHEREAS, the Community Development Citizens Advisory Council has approved this resolution by a unanimous vote. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners establishes a maximum $200,000 Community Development Contingency Fund Account Dahlei T. Mdrph-y; 1 HE Y APPROVE SOLUTION balance and approves the distributing of the excess balance of funds by the approved allocation formula to the municipalities for use at the local level for the 1986/87 program year. Mr. Chairperson, on behalf of the Public Services Committee, I move the adoption of the foregoing resolution PUBLIC SERVICES COMMITTEE COMMUNITY' DEVELOPMENT BLOCK GRANT FUNDING ALLOCATION PROJECTIONS FOR 1986 COMPARATIVE ANALYSIS The below listed data is furnished as a comparative analysis between the 1985 fund allocation and the projected 1986 fund allocation for both a 25 percent reduction and a 10 percent reduction. It also shows the impact of adding $215,300 of excess contingency funds back into both of the projected reduced allocations. (1) (2) (3) (4) (5) 1985 1986 Additional 1986 Additional Community Allocation Projected 25% Reduction (2.025M) Excess Contingency $215,300 (2.2403M) - Projected Excess 10% Contingency Reduction .215,300 (2.43M) (2.6453M) (2.7M) 'CITIES Auburn Hills Berkley Clawson Farmington Ferndale Hazel Park Huntington Woods Keego harbor . Lathrup Village Madison Heights No Novi Oak Park Orchard Lake Vlg. Pleasant Ridge Rochester Rochester Hills South Lyon Sylvan Lake Troy Walled Lake Wixom 80,200 96,100 75,200 48,800 178,100 153,000 19,400 22,900 10,800 215,300 * 7,500 87,500 194,400 * 7,500 12,800 42,000 146,900 28,000 - 9;400 221,500 30,200 41,900 , 60,200 66,600 72,200 78,600 72,100 79,800 86,500 94,200 56,400 62,400 67,700 73,700 36,600 40,500 43,900 47,800 133,600 147,800 160,300 174,500 114,800 126,900 137,700 149,900 14,600 16,100 17,500 19,000 17,200 19,000 20,600 _ 22,500 • 8,100 9,000 9,700 10,600 161,500 178,600 193,700 210,900 * 5,000 5,100 **6,500 "6,500 65,700 72,700 78,800 85,800 145,800 - 161,300 174,900 190,400 **5,000 **5,000 **6,500 **6,500 9,600 10,700 11,600 12,600 31,500 34,900 37,900 41,200 110,200 121,900 132,200 144,000 21,000 23,300 25,200 27,500 7,000 7;800 8,400 9,200 166,200 183,900 199,500 217,100 22,600 25,000 27,100 29,500 31,400 34,700 37,700 41,000 TOWNSHIPS Addison Brandon Commerce Croveiand Highland Holly Independence Lyon Milford Oakland 20,700 15,500 17,200 18,600 36,700 27,500 30,400 33,000 76,800 57,600 63,800 . 69,200 15,700 11,700 13,000 14,100 77,500 58,100 64,300 69,700 18,300 13,700 15,200 16,500 69,500 52,000 57,600 62,500 35,000 26,200 29,000 . 31,500 18,700 14,000 15,000 16,800 20,300 15,300 16,900 18,300 20,300 - 35,900 75,300. 15,300 75,900 17,900 68,000 34,300 18,300 19,900 (1) (2) (3) (4) (5) Community 1985 Allocation (2.7M) 1986 Projected 25% Reduction (2:025M) Additional Excess Contingency 4215,300 (2.2403M) 1986 Projected 10% Reduction (2.43M) Additional Excess Contingenc) 4215,300 (2.6453M) TOWNSHIPS Orion Oxford Rose Royal Oak Springfield West Bloomfield White Lake VILLAGES Beverly Hills Clarkston Holly Lake Orion Leonard • Milford Ortonville Oxford, _Wolverine Lake 82,400 61,800 68,400 74400 80,700 33,700 25,300 27,900 30,400 33,000 19,500 14,700 16,200 17,600 19,200 67,000 50,300 55,700 60,400 65,700 36,600 27,500 30,400 33,000 35,900 102,400 76,800 85,000 92,200 100,400 101,300 75,900 84,000 91,100 99,200 29,600 22,200 24,600 26,600 29,000 * 7,500 **5,000 **5,000 **6,500 **6,500 25,300 19,000 21,000 22,800 24,800 15,400 11,500 12,800 13,900 15,000 * 7,500 **5,000 **5,000 **6,500 "6,500 25,700 19,300 21,300 23,100 25,200 7,500 5,600 6,300 6,800 7,400 17,500 13,200 14,600 15,800 17,200 19,100 14,300 15,800 17,200 18,700 TOTALS 2,716,600 2,035,100 2,249,400 2,444,300 2,658,500 * 47,500 Minimum ** $5,000 Minimum for 25% reduction $6,500 Minimum for 10% reudction Column 1: This column reflects the actual 1985 fund allocation by formula to each community Column 2: This column reflects a 25% reduction of the 1985 allocation. Column 3: This column reflects the addition of $215,300 to the total of column 2. Column 4: This column reflects a 10% reduction of the 1985 allocation. Column 5: This column reflects the addition of S215,300 to the total of column 4. LH/cm 7/29/85 KRP/I:jf Revised 7/31/85 FINANCE COMMITTEE FISCAL NOTE BY: FINANCE COMMITTEE, DR. G. WILLIAM CADDELL, CHAIRPERSON IN RE: COMMUNITY DEVELOPMENT DIVISION - GUIDELINES FOR COMMUNITY DEVELOPMENT CONTINGENCY ACCOUNT FUND - MISCELLANEOUS RESOLUTION #85264 TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS Mr. Chairperson, Ladies and Gentlemen: Pursuant to Rule XI-C of this Board, the Finance Committee has reviewed Miscellaneous Resolution #85264 and finds excess Block Grant Contingency funds totalling $248,155 have been allocated to municipalities as part of the Community Development Division 1986 Budget request. #8 526 4 September 26, 1985 this 26th day of September 1985 LEN Moved by Lanni supported by Susan Kuhn the resolution, with Fiscal Note attached, be adopted. AYES: Calandra, Doyon, Fortino, Gosling, Hassberger, Hobart, R. Kuhn, S. Kuhn, Lanni, Law, McConnell, McDonald, McPherson, Moore, Nelson, Olsen, Page, Perinoff, Price, Rewold, Skarritt, Webb, Wilcox, Aaron, Caddell. (25) NAYS: None. (0) A sufficient majority having voted therefor, the resolution, with Fiscal Note attached, was adopted. 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 the attached Miscellaneous Resolution adopted by the Oakland County Board of Commissioners - at their meeting held on September 26, 1985 with the orginial 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 County Clerk/Register of Deeds