HomeMy WebLinkAboutResolutions - 1985.09.26 - 11244September 26, 1985
3146E
MISCELLANEOUS RESOLUTION NO. 85278
RE: ECONOMIC DEVELOPMENT GROUP
RESOLUTION APPROVING PROJECT PLAN
(COMPREHENSIVE RETIREMENT COMMUNITIES
LIMITED PARTNERSHIP PROJECT)
BY: PUBLIC SERVICES COMMITTEE, JAMES EDWARD LANNI, CHAIRMAN
TO: THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr, Chairman, Ladies and Gentlemen:
WHEREAS, The Economic Development Corporation of the
County of Oakland (the "EDC") has recommended that this Board of
Commissioners approve the Project Plan required by the Economic
Development Corporations Act, Act No. 338 of the Michigan Public
Acts of 1974, as amended (the "Act") for the Comprehensive
Retirement Communities Limited Partnership Project, a copy of
which Project Plan is attached hereto as Exhibit A (the "Project
Plan"); and
WHEREAS, the EDC's recommendation to this Board of
Commissioners was based upon its determinations that the Project
is reasonable and necessary to effectuate the purposes of the
Act, that the Project Plan prepared in connection with the
Project satisfies all of the requirements of Section 8 of the Act
regarding project plans, that the persons who will be active in
the management of the project for at least one (1) year after the
projected date of the County Board of Commissioner's approval of
the Project Plan will have sufficient ability and experience to
manage the Plan properly, and that the proposed method of
financing the Project is feasible and a bond purchaser's
commitment has been obtained; and
WHEREAS, on , 1985, the governing body of
the Township of West Bloomfield, Oakland County, Michigan, also
approved the Project Plan; and
WHEREAS, on September 26 1985, this Board of
M
Commissioners held a public hearing to consider whether the
Project Plan constitutes a public purpose as contemplated by the
Act; and
WHEREAS, this Board of Commissioners, following such
public hearing and its review of the Project Plan, concurs in the
determinations of the EDC with respect thereto;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
COMMISSIONERS OF THE COUNTY OF OAKLAND, as follows:
1. The Project Plan, in the form attached hereto as
Exhibit A, be and is hereby determined to constitute a public
purpose as contemplated by the Act.
2. The Project Plan be and is hereby approved.
3. The EDC be and is hereby authorized to take such
steps as are necessary to implement the Project and the financing
thereof by the issuance of revenue bonds or notes.
4, The County Clerk be and is hereby directed to
provide four certified copies of this resolution to the Assistant
Secretary of the Board of the EDC.
The Public Services Committee, by James Edward Lanni,
Chairman, moves for adoption of the foregoing resolution.
PUBLIC SERVICES COMMITTEE
HEREBY APPROVE THE FORMOING RESOLUTION
James Edward Lanni
Chairman
YEAS: Members: Wilcox, Aaron, Caddell, Calandro, Doyon, Fortino, Gosling,
Hassberger, Hobart, R. Kuhn, S. Kuhn, Lanni, Law, McConnell, McDonald, McPherson, Moffitt,
Moore, Nelson, Olsen, Page, Perinoff, Pernirk, Prirp, Rewold, CkArritt, Wehb (27)
NAYS: Members: None. (0)
ABSENT: Members: None. (0)
ABSTENTIONS: Members: None. (0)
-2
RESOLUTION DECLARED ADOPTED:
Lynn/p4._allen
Coulty Clerk
STATE OF MICHIGAN)
) SS.
COUNTY OF OAKLAND)
I hereby certify that the foregoing is a true and
complete copy of a resolution adopted at a regular meeting of the
Board of Commissioners of the County of Oakland, Michigan held on
the 26th day of 3phtpmher • 1985, the original of which is on
file in my office. Public notice of said meeting was given
pursuant to and in compliance with Act No. 267 of the Michigan
Public Acts of 1976, as amended.
Dated: September 26. , 1985
Exhibit A
THE ECONOMIC DEVELOPMENT CORPORATION
OF THE COUNTY OF OAKLAND
Oakland County. Michigan
Comurehensive Retirement Comrpc,:.ini d
Partnership Project
PROJECT PLAN
CONTENTS
1. Summary Description of Project (Page 2)
2. Project Plan Certification by Company (Page 3)
3. Statutorily Required Information (Page 4)
4, Exhibits
- Project Area Legal Description
Bond Purchaser's Commitment Letter
"C" - Company Certificate Regarding "Prevailing Wages"
- Company Certificate Regarding Transfer of
Employment
Ot her
PROJECT PLAN
SUMMARY DESCRIPTION OF
Comprehensive Retirement Communities Limited
Partnership Project
OWNER OF PROJECT: Comprehensive Retirement Communities
Limited Partnership
CONTACT PERSON: (Name, address, telephone number)
Rex G. Lanyi (313) 626-3500
4900 Fairway Ridge South
West Bloomfield, MT 48033
LOCATION OF PROJECT: (Local municipality)
West Bloomfield Township
PROJECT AREA/DISTRICT AREA: See Exhibit A
NATURE OF PROJECT: Nursing Home and Home For The Aged
EMPLOYMENT CREATED OR RETAINED: 121 full -time positions
TOTAL PROJECT COST: 57,760,013.00
BONDS TO BE ISSUED: $7,119,000.00
BOND PURCHASER: Van Kampen Merritt Inc.
2 Penn Center Plaza, Suite 1600
Philadelphia, PA 19102
DATE AND EXPIRATION DATE OF BOND PURCHASE COMMITMENT:
Issue Date of July 24, 1985
Expiration Date of 1-)a2mber 31, 1985
PROJECT PLAN CERTIFICATION
THIS PROJECT PLAN WAS PREPARED FOR THE
ECONOMIC DEVELOPMENT CORPORATION OF THE COUNTY
OF OAKLAND IN ACCORDANCE WITH THE REQUIREMENTS
OF THE ECONOMIC DEVELOPMENT CORPORATIONS ACT.
ACT NO. 338 OF THE MICHIGAN PUBLIC ACTS OF
1974, AS AMENDED.
THE UNDERSIGNED HAS PROVIDED ALL OF THE
INFORMATION CONTAINED HEREIN AND HEREBY
CERTIFIES AS TO THE ACCURACY AND VALIDITY OF
SUCH INFORMATION AS OF THIS DATE.
THE UNDERSIGNED UNDERSTANDS THAT THIS PROJECT
PLAN IS STATUTORILY REQUIRED AND IF IT
CONTAINS ANY MATERIAL MISREPRESENTATION OR
INACCURACY, COULD RESULT IN THE INVALIDATION
OF THE ECONOMIC DEVELOPMENT CORPORATION
PROCEEDINGS REGARDING THE PROJECT TO WHICH THE
PROJECT PLAN PERTAINS.
Comprehensive 154-tirement Comm.Lmtd.P
Rex G. lanyifor i.room.Glens Mgm.Cc
Its: General Manager
Dated: July 25, 1985
L.,
By:
- 3 -
PROJECT PLAN
STATUTORILY REQUIRED INFORMATION REGARDING
Comprehensive Retirement Communities Limited
Partnership Project
I. THE LOCATION AND EXTENT OF EXISTING STREETS AND
OTHER PUBLIC FACILITIES WITHIN THE PROJECT DISTRICT AREA; THE
LOCATION, CHARACTER, AND EXTENT OF THE CATEGORIES OF PUBLIC AND
PRIVATE LAND USES NOW EXISTING AND PROPOSED FOR THE PROJECT AREA,
INCLUDING RESIDENTIAL, RECREATIONAL, COMMERCIAL, INDUSTRIAL,
EDUCATIONAL, AND OTHER USES; AND A LEGAL DESCRIPTION OF THE
PROJECT AREA:
The Project will be located west of Farmin gton Road
between 14 Mile Road and Maple Road. The area is
characterized by private residential subdivisions to
the west, east and south, and by private commercial
buildings to the north, ho part of the Project property
will be devoted to public purposes. The Project is
comprised of the acquisition of land and construction
thereon Of a long-term care and supportive living facility containing 120 nursing home beds and 112 intermediate care beds.
Legal description of Project Area attached as Exhibit A.
II. A DESCRIPTION OF EXISTING IMPROVEMENTS IN THE
PROJECT AREA TO BE DEMOLISHED, REPAIRED, OR ALTERED; A
DESCRIPTION OF REPAIRS AND ALTERATIONS; AND AN ESTIMATE OF THE
TIME REQUIRED FOR COMPLETION:
NONE REQUIRED
III. THE LOCATION, EXTENT, CHARACTER, AND ESTIMATED
COST OF THE IMPROVEMENTS, INCLUDING REHABILITATION CONTEMPLATED
FOR THE PROJECT AREA, AND AN ESTIMATE OF THE TIME REQUIRED FOR
COMPLETION:
See I above and IV below.
ESTIMATED TOTAL COSTS OF DEVELOPM7NT WILL BE $7,550,000.
THE ESTIMATED TIME REQUIRED FOR COMPLETION WILL BE
FIFTEEN MONTHS.
- 4 -
IV. A DESCRIPTION OF THE CONSTRUCTION OR STAGES OF
CONSTRUCTION PLANNED, AND THE ESTIMATED TIME OF COMPLETION OF
EACH STAGE:
1) Construction Permit & Mobilization... October 15, 1985 to 10/30/85
2) Site Preparation 10/30/85 to 11/14/35
3) Foundation 11/15/85 to 12/30/85
4) Masonry (Exterior) & Precast Floor 1/1/86 to 3/31/86
5) Concrete Slabs on Ground ...... 4/1/86 to 5/14/86
6) Roof System ........... 5/15/86 to 6/30/86
7) Enclose Building (windows, etc.) 7/1/86 to 7/15/86
8) Interior Finish 7/15/86 to 1/31/87
V. A DESCRIPTION OF THE PARTS OF THE PROJECT AREA TO BE
LEFT AS OPEN SPACE AND THE USE CONTEMPLATED FOR THE SPACE:
OPEN SPACE WILL BE CONFINED TO LAWN AREA
VI. A DESCRIPTION OF PORTIONS OF THE PROJECT AREA WHICH
THE ECONOMIC DEVELOPMENT CORPORATION OR THE COMPANY DESIRES TO
SELL, DONATE, EXCHANGE OR LEASE TO OR FROM THE MUNICIPALITY AND
THE PROPOSED TERMS:
Not applicable,
- 5 -
VII. A DESCRIPTION OF DESIRED ZONING CHANGES AND
CHANGES IN STREET, STREET LEVELS, INTERSECTIONS AND UTILITIES:
No zoning change is necessary. However, a Special Use
Permit is required. We weregiven a Special Use Permit
in 1983 for the Project, and are in the process of
having it updated for 1985.
VIII. A DESCRIPTION OF THE PROPOSED METHOD OF FINANCING
THE PROJECT, INCLUDING ATTACHMENT OF A COPY OF THE BOND
PURCHASER'S COMMITMENT LETTER:
The E.D.C. bond will be purchased by Van Kempen Merritt,
Inc. (see attached commitment letter). In addition,
FHA mortgage insurance will be obtained as a credit
enhancement tool.
Copy of bond purchaser's commitment letter attached as
Exhibit B.
IX. A STATEMENT REGARDING THE PAYMENT OF PREVAILING
WAGE AND FRINGE BENEFIT RATES AS DETERMINED PURSUANT TO ACT NO.
166 OF THE MICHIGAN PUBLIC ACTS OF 1965, AS AMENDED (REGARDING
WAGES ON STATE CONTRACTS):
See Exhibit C.
--6-
7
X. A LIST OF PERSONS WHO WILL MANAGE OR BE ASSOCIATED
WITH THE MANAGEMENT OF THE PROJECT FOR A PERIOD OF NOT LESS THAN
(ONE) YEAR FROM THE DATE OF APPROVAL OF THE PROJECT PLAN:
Rex G. Lanyi
Herman Frankel
Linda Powers
XI. DESIGNATION OF THE PERSON OR PERSONS, NATURAL OR
CORPORATE, TO WHOM THE PROJECT IS TO BE LEASED, SOLD OR CONVEYED
AND FOR WHOSE BENEFIT THE PROJECT IS BEING UNDERTAKEN, TO THE
EXTENT THAT INFORMATION IS PRESENTLY AVAILABLE:
Bloomfield Glens Nursing Home, Inc. (same persons as
those listed above will be shareholders of the corporation),
a Michigan corporation, which will he the operator of
the entire facility. The Project will be leased to
operator by the owner, Comprehensive Retirement Communities
Limited Partnership.
XII. IF THERE IS NOT AN EXPRESS OR IMPLIED AGREEMENT
WITH A PERSON OR PERSONS, NATURAL OR CORPORATE, THAT THE PROJECT
WILL BE LEASED, SOLD, OR CONVEYED TO THOSE PERSONS, THE
PROCEDURES FOR BIDDING FOR THE LEASING, PURCHASING OR CONVEYING
OF THE PROJECT UPON ITS COMPLETION:
SEE XI
X/II. ESTIMATES OF THE NUMBER OF PERSONS RESIDING IN
THE PROJECT AREA AND THE NUMBER OF FAMILIES AND INDIVIDUALS TO BE
DISPLACED. IF OCCUPIED RESIDENCES ARE DESIGNATED FOR ACQUISITION
AND CLEARANCE, INCLUDE A SURVEY OF THE FAMILIES AND INDIVIDUALS
TO BE DISPLACED, INCLUDING THEIR INCOME AND RACIAL COMPOSITION, A
STATISTICAL DESCRIPTION OF THE HOUSING SUPPLY IN THE COMMUNITY,
INCLUDING THE NUMBER OF PRIVATE AND PUBLIC UNITS IN EXISTENCE OR
UNDER CONSTRUCTION, THE CONDITION OF THOSE IN EXISTENCE, THE
NUMBER OF OWNER-OCCUPIED AND RENTER-OCCUPIED UNITS, THE ANNUAL
RATE OF TURNOVER OF THE VARIOUS TYPES OF HOUSING AND THE RANGE OF
RENTS AND SALE PRICES, AN ESTIMATE OF THE TOTAL DEMAND FOR
8
HOUSING IN THE COMMUNITY, AND THE ESTIMATED CAPACITY OF PRIVATE
AND PUBLIC HOUSING AVAILABLE TO DISPLACED FAMILIES AND
INDIVIDUALS:
Not applicable. No people presently reside in the
Project Area, no families or individuals will be displaced by the
Project, and no residences are located in the Project Area.
XIV. A PLAN FOR ESTABLISHING PRIORITY FOR THE
RELOCATION OF PERSONS DISPLACED BY THE PROJECT IN NEW HOUSING IN
THE PROJECT AREA:
Not applicable.
XV. PROVISION FOR THE COSTS OF RELOCATING PERSONS
DISPLACED BY THE PROJECT AND FINANCIAL ASSISTANCE AND
REIMBURSEMENT OF EXPENSES, INCLUDING LITIGATION EXPENSES AND
EXPENSES INCIDENT TO THE TRANSFER OF TITLE, IN ACCORDANCE WITH
THE STANDARDS AND PROVISIONS OF THE FEDERAL UNIFORM RELOCATION
ASSISTANCE AND REAL PROPERTY ACQUISITION POLICIES ACT OF 1970, 42
U.S.C. 4601 TO 4655:
Not applicable.
XVI. A PLAN FOR COMPLIANCE WITH ACT NO. 227 OF THE
MICHIGAN PUBLIC ACTS OF 1972, WHICH PERTAINS TO PROVIDING
FINANCIAL ASSISTANCE, ADVISORY SERVICES AND REIMBURSEMENT OF
CERTAIN EXPENSES TO DISPLACED PERSONS:
Not applicable.
XVII. OTHER MATERIAL AS THE ECONOMIC DEVELOPMENT
CORPORATION, LOCAL PUBLIC AGENCY, OR GOVERNING BODY CONSIDERS
PERTINENT:
Not applicable.
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LEGAL DESCRIPTION
PART OF THE EAST HALF OF THE NORTHEAST QUARTER OF SECTION
33, TOWN 2 NORTH, RANGE 9 EAST, WEST BLOOMFIELD TOWNSHIP,
OAKLAND COUNTY, MICHIGAN DESCRIBED AS BEGINNING AT A POINT
IN THE EAST LINE OF SECTION 33 ALSO BEING THE CENTERLINE OF
FARMINGTON ROAD, N. 00 DEC. 04 MIN. 30 SEC. W. 122.92 FEET
FROM THE EAST CORNER OF SECTION 33; THENCE S. 89 DEC. 39
.MIN. 48 SEC. W. 67.47 FEET; THENCE N. 00 DEC. 04 MIN. 30
SEC. W. 642.98 FEET; THENCE N. 89 DEG, 39 MIN. 46 SEC. E.
677.47 FEET TO SAID EAST LINE OF SECTION 33; THENCE ALONG SAID LINE S. 00 DEC. 04 MIN. 30 SEC. E. 642.98 FEET TO THE
POINT OF BEGINNING, CONTAINING 10.00 ACRES GROSS AND 9.11
ACRES TO THE PROPOSED 60 FT. RIGHT OF WAY LINE OF FARMINGTON
ROAD.
NOTES:
PROPERTY SIZE AND RESULTING DESCRIPTION AS PER
MEETING WITH MR. HERMAN FRANKEL ON APRIL 1-1985.
D.P.W. SANITARY SEWER 13 MILE ARM CROSSES
FARMINGTON RD. 1965' NORTH OF S.E. CORNER SECTION
33 INV. 900.15
STORM WATER OUTLET IS TO PEBBLE CREEK
CERTIFICATION TO:
WE HEREBY CERTIFY that we have surveyed the parcel of
land described and delineated hereon; that said plan is a
true representation of a survey preformed by us and that
there are no encroachments other than as shown hereon;
that said survey was performed with an error of closure no
greater than 1 in 5000.
EUGENE F. ZEIMET
R.L.S. 9209
(\,1
sir r
REVISIONS
ITEM I DATE BY
BLOOMFIELD GLEN, HEALTH OEN .
WEST BLOOMFIELD TWP MICHIGAN
BOUNDARY SURV 1-1017
vr.1
FIELD
ilsewas
CIVIL ENGINEERS a LANE) SURVEYORS
29200 SOUTHFIELD ROAD, SUITE 2O5
SOUTHFIELD, MICHIGAN 4807,6
f3I3) 339 -7944
J01 JOI
s.-or
ZEIMET- WOZNIAK et ASSOC, INC
C))\
A XEROX Financial Services Company
July 24, 1985
Mr. Rex G. Lanyl
Comprehensive Retirement Communities
Limited Partnership
4900 Fairway Ridge South
West Bloomfield, Michigan 48033
RE: The Economic Development Corporation of Oakland County -
Bond Issue for Bloomfield Glens Project
Dear Mr. Lanyi:
This letter is in response to our discussions concerning the
proposed FHA-insured, tax-exempt bond issue for the long-term
care and supportive living unit project that your company plans
to develop in West Bloomfield, Michigan. Van Kampen Merritt Inc.
would be pleased to act as the underwriter for such a bond issue,
based upon the terms set forth in this letter.
It is our understanding from information supplied to us
that:
1. The project to be financed (the "Project") consists of
the purchase of certain land in West Bloomfield,
Michigan, the construction thereon of a long-term care
and supportive living facility containing 120 nursing
homes beds and 112 intermediate care beds.
2. You expect to receive a commitment for FHA mortgage
insurance for the Project under Section 232 of the
National Housing Act and the applicable HUD
regulations.
3. The total cost of constructing, equipping and financing
the Project, as set forth in the draft of the FHA
insurance application that you provided to us, is
presently estimated to be $7,581,779.
4. The Project will be financed through the issuance of
long-term (30 to 40 years), tax-exempt industrial
revenue bonds (the "Bonds") by The Economic Development
Corporation of Oakland County (the "Issuer"), and an
inducement resolution for such bonds has already been
obtained from the Issuer.
Van Kampen Merritt is prepared and will be pleased to serve
F'enn Center Plaza, Suite 1600, Philadelphia, Pennsylvania 19102
Pennsylvania • New York • Caiirovnia • Texas • tioricla • illinnis
as the investment banker for the Project, and as the investment
banker purchase the Bonds, subject to the fulfillment of the
following conditions:
1. The receipt of a firm commitment from HUD for the FHA
mortgage insurance.
2. The execution of bond documents, in form satisfactory
to Van Kampen Merritt, by the Issuer and the entity
that will own the Project.
3. The receipt of an approving opinion of bond counsel
satisfactory to Van Kampen Merritt attesting to the
legality and tax-exempt status of the Bonds.
4. Security provisions satisfactory to Van Kampen Merritt
which result in a rating from Standard & Poor's of an
investment grade of no less than "A".
The interest rate on the Bonds will be determined at the
time that Van Kampen Merritt purchases the Bonds, based upon
market conditions at that time. Our fee for our services will be
as set forth in our letter to you of April 30, 1935.
We trust that this letter is responsive to your needs and is
appropriate for use in obtaining the required approvals from the
Issuer. We would be pleased to provide you with any additional
information that you may require.
Sincerely,
4'1 .6.1•
Gerard W. Farrell
Vice President
National Health Care
Finance Division
GWF:kmd
. I Ley\
RODGERS AND MORGENSTEIN
Ai TvRNEYS AT LAW
211 HUNTERS SQUARE
31555 WEST FOURTEEN MILE ROAD
FARMINGTON HIL c. MICHIGAN 48018
TELEPHONE A.D. (313) S55-5050
HORACE J. RODGERS
HENRY B. MoRcENsTEtN
July 24, 1985
Mr. Mark Habel
Director of Programs
Department of Housing and
Urban Development
477 Michigan Avenue
Detroit, Michigan 48226
FHA Project No. 044-43044
Bloomfield Glens Health Center.
aik/a Comprehensive Retirement Communities
West Bloomfield, Michigan
Dear Mr. Rebel:
The Sponsors of the above project have been requested by the
Economic Development Corporation of the County of Oakland /which
will issue Tax Exempt Bonds for the permanent financing of the
project, to secure a report from your Office regarding the status
of the Application For Conditional Commitment. Please address
your letter, using the above caption, to:
Mr. Jeffrey A. Kaczmarek
Assistant Secretary, Board of Directors
The Economic Development Corporation
of the County of Oakland
Executive Office Building
1200 North Telegraph Road
Pontiac, Michigan 48053
RE:
would appreciate receiving a carbon copy of you reply.
you for your cooperation in this matter.
Very truly yours,
RODCR5 AND tIORGENSTEIN
Henry)S.<- M6'rgerTS-I6-i-
HBM:fp
CC Mr. Rex Lanyi
Thank
Comm rehea MiChigan im 4 t-r1 Ehifl
a
Exhibit C
COMPANY CERTIFICATE REGARDING
PAYMENT OF PREVAILING WAGES
Comprehensive Retirement Communities
Limited Partnership Project
The undersigned, Comprehensive Retirement Communities ,
a Michigan Limitpr9 P27-tnR-rq"hip (the "Company"), hereby certifies
to The Economic Development Corporation of the County of Oakland
(the "EDC") as follows:
1. This Certificate is made and based . upon the best of
the Company's knowledge and belief, only after thorough
investigation and discussion with all owners of the Company and
others who might have knowledge regarding the subject matter.
2. The Company understands that this Certificate is a
statutory requirement under the Economic Development Corporations
Act, Act No. 338 of the Michigan Public Acts of 1974, as amended .
(the "Act") which, if improperly made or based upon any material
misrepresentation or inaccuracy, might invalidate the proceedings
regarding the Comprehensive Retirement Communities Limited Partnership
Project (the "Project") pursuant to which the EDC expects
ultimately to issue its limited obligation economic development
revenue bonds to finance all or part of the Project.
3. Within the meaning and intent of Section 8(4)(h) of
the Act, all persons performing work on the construction of the
Project will be paid the prevailing wage and fringe benefit rates
for the same or similar work in the locality in which the work is
to be performed, as determined pursuant to Act No. 166 of the
Michigan Public Acts of 1965, as amended.
Rex G. Lanyi for Bloomfield
Glens Mar-g9.7.2ComDanv
By: ---7-! j -• / .
Its: General Partner
Dated: July 25, 1985
N-3465
Exhibit D
COMPANY CERTIFICATE REGARDING
TRANSFER OF EMPLOYMENT
Comprehensive Retirement Communities
Limited Partnership Project
The undersigned, Comprehensive Retirement Communitie s
a Michigan Limited Partnership (the "Company"), hereby certifies
to The Economic Development Corporation of the County of Oakland
(the "EDC") as follows:
1. This Certificate is made and based upon the best of
the Company's knowledge and belief, only after thorough
investigation and discussion with all owners of the Company and
others who might have knowledge regarding the subject matter.
2. The Company acknowledges that this Certificate will
be employed by the EDC as the sole basis for the EDC's
certification to the Board of Commissioners of the County of
Oakland as to transfer of employment as required by Section 8(3)
of the Economic Development Corporations Act, Act No. 338 of the
Michigan Public Acts of 1974, as amended, (the "Act").
3. The Company understands that the EDC's Certification
to the Board of Commissioners of the County of Oakland is a
statutory requirement which, if improperly made or based upon any
material misrepresentation or inaccuracy, might invalidate the
proceedings regarding the Comprehensive Retirement Communities Limited Part
nership Project (the "Project") pursuant to which the EDC expects .
ultimately to issue its limited obligation economic development
revenue bonds to finance all or part of the Project.
4. As of the date hereof, the Project shall not have
the effect of transferring employment of more than 20 full-time
persons from a municipality (as that term is defined in the Act)
of this State to Michigan, the
municipality in which the Project will be located.
5. The Company agrees that during the life of the bonds
proposed to be issued by the EDC to finance the costs of the
Project for the Company, the Company will not permit a lease or
sublease in connection with the Project which would have the
effect of transferring, as to such lease, sublease or group of
leases or subleases which are interrelated (i.e. "interrelated"
means leases negotiated as part of one set of negotiations or
leases with lessees who are related by more than 50% common
ownership), employment of more than 20 full-time persons from a
municipality of this State to West 1=lric)rifir,1(9 , Michigan
unless the Company or such lessee or sublessee has first obtained
a consent to the proposed transfer of employment from the
governing body of each municipality from which employment is to
be transferred.
M-283E
6. The Company understands that a covenant to
effectuate the purposes of this Certificate will be included in
those covenants to be made by the Company when bonds are issued
by the EDC for the benefit of the Project.
Comprehensive Retirement Communities a
Michigan Limited Partnership
//
(7 </-/
Rex G. Lanyi Tor/loom.Glens Mg
Its: General Manager
Dated: Julv 25 1985
By:
Exhibit A
THE ECONOMIC DEVELOPMENT CORPORATION
OF THE COUNTY OF OAKLAND
Oakland County, Michigan
Comprehensive Retirement Communitie Limird
Partnership Project
PROJECT PLAN
CONTENTS
1. Summary Description of Project (Page 2)
2. Project Plan Certification by Company (Page 3)
3. Statutorily Required Information (Page 4)
4. Exhibits
"A" - Project Area Legal Description
"B" - Bond Purchaser's Commitment Letter
"C" - Company Certificate Regarding "Prevailing Wages"
"D" - Company Certificate Regarding Transfer of
Employment
Other
PROJECT PLAN
SUMMARY DESCRIPTION OF
Comprehensive Retirement Communities Limited . .
Partnership Project
OWNER OF PROJECT: Comprehensive Retirement Communities
Limited Partnership
CONTACT PERSON: (Name, address, telephone number)
Rex G. Lanyi (313) 626°3500
4900 Fairway Ridge South
West Bloomfield, MI 48033
LOCATION OF PROJECT: (Local municipality)
West Bloomfield Township
PROJECT AREA/DISTRICT AREA: See Exhibit A
NATURE OF PROJECT: Nursing Home and Home For The Aged
EMPLOYMENT CREATED OR RETAINED: 121 full -time positions
TOTAL PROJECT COST: $7,760,013.00
BONDS TO BE ISSUED: $7,119,000.00
BOND PURCHASER: Van Kampen Merritt Inc.
2 Penn Center Plaza, Suite 1600
Philadelphia, PA 19102
DATE AND EXPIRATION DATE OF BOND PURCHASE COMMITMENT:
Issue Date of July 24, 1985
Expiration Date of Da ,]2mber 31, 1985
- 2 -
By:
PROJECT PLAN CERTIFICATION
THIS PROJECT PLAN WAS PREPARED FOR THE
ECONOMIC DEVELOPMENT CORPORATION OF THE COUNTY
OF OAKLAND IN ACCORDANCE WITH THE REQUIREMENTS
OF THE ECONOMIC DEVELOPMENT CORPORATIONS ACT,
ACT NO. 338 OF THE MICHIGAN PUBLIC ACTS OF
1974, AS AMENDED.
THE UNDERSIGNED HAS PROVIDED ALL OF THE
INFORMATION CONTAINED HEREIN AND HEREBY
CERTIFIES AS TO THE ACCURACY AND VALIDITY OF
SUCH INFORMATION AS OF THIS DATE.
THE UNDERSIGNED UNDERSTANDS THAT THIS PROJECT
PLAN IS STATUTORILY REQUIRED AND, IF IT
CONTAINS ANY MATERIAL MISREPRESENTATION OR
INACCURACY, COULD RESULT IN THE INVALIDATION
OF THE ECONOMIC DEVELOPMENT CORPORATION
PROCEEDINGS REGARDING THE PROJECT TO WHICH THE
PROJECT PLAN PERTAINS.
Comprehensive 4.tiremelyt Comm.Lmtd.Part
Rex G. Lanyi,'for 4,1oom.Glens Mgm„Cc
Its: General Manager
Dated: July 25, 1985
PROJECT PLAN
STATUTORILY REQUIRED INFORMATION REGARDING
Comprehensive Retirement Communities Limite d
Partnership Project
I. THE LOCATION AND EXTENT OF EXISTING STREETS AND
OTHER PUBLIC FACILITIES WITHIN THE PROJECT DISTRICT AREA: THE
LOCATION, CHARACTER, AND EXTENT OF THE CATEGORIES OF PUBLIC AND
PRIVATE LAND USES NOW EXISTING AND PROPOSED FOR THE PROJECT AREA,
INCLUDING RESIDENTIAL, RECREATIONAL, COMMERCIAL, INDUSTRIAL
EDUCATIONAL, AND OTHER USES; AND A LEGAL DESCRIPTION OF THE
PROJECT AREA:
The Project will be located west of Farmington Road
between 14 Mile Road and Maple Road. The area is
characterized by private residential subdivisions to
the west, east and south, and by private commercial
buildings to the north. Ho part of the Project property
will be devoted to public purposes. The Project is
comprised of the acuisition of land and construction
thereon of a long-term care and supportive livinc facility containing 126 nursing home beds ana 112 intermeaiate card bcdE-,
Legal description of Project Area attached as Exhibit A.
II. A DESCRIPTION OF EXISTING IMPROVEMENTS IN THE
PROJECT . AREA TO BE DEMOLISHED, REPAIRED, OR ALTERED; A'
DESCRIPTION OF REPAIRS AND ALTERATIONS; AND AN ESTIMATE OF THE
TIME REQUIRED FOR COMPLETION:
NONE REQUIRED
III. THE LOCATION, EXTENT, CHARACTER, AND ESTIMATED
COST OF THE IMPROVEMENTS, INCLUDING REHABILITATION CONTEMPLATED
FOR THE PROJECT AREA, AND AN ESTIMATE OF THE TIME REQUIRED FOR
COMPLETION
See I above and IV below.
ESTIMATED TOTAL COSTS OF DEVELOPMENT WILL BE $7,550,000.
THE ESTIMATED TIME REQUIRED FOR COMPLETION WILL BE
FIFTEEN MONTHS.
IV. A DESCRIPTION OF THE CONSTRUCT ION OR STAGES OF
CONSTRUCT ION PLANNED. AND THE ESTIMATED TIME OF COMPLETION OF
EACH STAGE:
1) Construction Permit & October 15, 1985 to 10/30/85
2) Site Preparation .............. ... ..
3) Foundation
4) Masonry (Exterior) & Precast Floor
5) Concrete Slabs on Ground
6) Roof System
7) Enclose Building (windows, etc )
V. A DESCRIPTION OF THE PARTS OF THE PROJECT AREA TO BE
LEFT AS OPEN SPACE AND THE USE CONTEMPLATED FOR THE SPACE:
OPEN SPACE WILL BE CONFINED TO LAWN AREA
10/30/85 to 11/14/85
11/15/85 to 12/0/35
1/1/86 to 3/31/36
4/1/86 to 5/14/86
5/15/86 to 6/30/86
7/1/86 to 7/15/86
8) Interior Finish ..... ......... ......... 7/15/86 to 1/31/87
VI. A DESCRIPTION OF PORTIONS OF THE PROJECT AREA WHICH
THE ECONOMIC DEVELOPMENT CORPORATION OR THE COMPANY DESIRES TO
SELL. DONATE. EXCHANGE OR LEASE TO OR FROM THE MUNICIPALITY AND
THE PROPOSED TERMS:
Not applicable.
-5 -
VII. A DESCRIPTION OF DESIRED ZONING CHANGES AND
CHANGES IN STREET, STREET LEVELS, INTERSECTIONS AND UTILITIES:
No zoning change is necessary. However, a Special Use
Permit is required. We were given a Special Use Permit
in 1983 for the Project, and are in the process of
having it updated for 1985.
VIII. A DESCRIPTION OF THE PROPOSED METHOD OF FINANCING
THE PROJECT, INCLUDING ATTACHMENT OF A COPY OF THE BOND
PURCHASER'S COMMITMENT LETTER:
The E.D.C. bond will be purchased byVan Kempen Merritt,
Inc. (see attached commitment letter). In addition,
FHA mortgage insurance will be obtained as a credit
enhancement tool.
Copy of bond purchaser's commitment letter attached as
Exhibit B.
IX. A STATEMENT REGARDING THE PAYMENT OF PREVAILING
WAGE AND FRINGE BENEFIT RATES AS DETERMINED PURSUANT TO ACT NO.
166 OF THE MICHIGAN PUBLIC ACTS OF 1965, AS AMENDED (REGARDING
WAGES ON STATE CONTRACTS):
See Exhibit C.
- 6 -
X. A LIST OF PERSONS WHO WILL MANAGE OR BE ASSOCIATED
WITH THE MANAGEMENT OF THE PROJECT FOR A PERIOD OF NOT LESS THAN
I (ONE) YEAR FROM THE DATE OF APPROVAL OF THE PROJECT PLAN:
Rex G. Lanyi
Herman Frankel
Linda Powers
XI. DESIGNATION OF THE PERSON OR PERSONS. NATURAL OR
CORPORATE. TO WHOM THE PROJECT IS TO BE LEASED, SOLD OR CONVEYED
AND FOR WHOSE BENEFIT THE PROJECT IS BEING UNDERTAKEN, TO THE
EXTENT THAT INFORMATION IS PRESENTLY AVAILABLE:
Bloomfield Glens Nursing Home, Inc. (same persons as
those listed above will be shareholders of the corporation),
a Michigan corporation, which will be the operator of
the entire facility. The Project will be lea5e(2: to .L:ne
operator by the owner, Comprehensive Retirement Communities
Limited Partnership.
XII. IF THERE IS NOT AN EXPRESS OR IMPLIED AGREEMENT
WITH A PERSON OR PERSONS. NATURAL OR CORPORATE, THAT THE PROJECT
WILL BE LEASED, SOLD, OR CONVEYED TO THOSE PERSONS, THE
PROCEDURES FOR BIDDING FOR THE LEASING, PURCHASING CR CONVEYING
OF THE PROJECT UPON ITS COMPLETION:
SEE XI
XIII. ESTIMATES OF THE NUMBER OF PERSONS RESIDING IN
THE PROJECT AREA AND THE NUMBER OF FAMILIES AND INDIVIDUALS TO BE
DISPLACED. IF OCCUPIED RESIDENCES ARE DESIGNATED FOR ACQUISITION
AND CLEARANCE, INCLUDE A SURVEY OF THE FAMILIES AND INDIVIDUALS
TO BE DISPLACED, INCLUDING THEIR INCOME AND RACIAL COMPOSITION, A
STATISTICAL DESCRIPTION OF THE HOUSING SUPPLY IN THE COMMUNITY,
INCLUDING THE NUMBER OF PRIVATE AND PUBLIC UNITS IN EXISTENCE OR
UNDER CONSTRUCTION. THE CONDITION OF THOSE IN EXISTENCE, THE
NUMBER OF OWNER-OCCUPIED AND RENTER-OCCUPIED UNITS, THE ANNUAL
RATE OF TURNOVER OF THE VARIOUS TYPES OF HOUSING AND THE RANGE OF
RENTS AND SALE PRICES, AN ESTIMATE CF THE TOTAL DEMAND FOR
- 7 -
HOUSING IN THE COMMUNITY, AND THE ESTIMATED CAPACITY OF PRIVATE
AND PUBLIC HOUSING AVAILABLE TO DISPLACED FAMILIES AND
INDIVIDUALS:
Not applicable. No people presently reside in the
Project Area, no families or individuals will be displaced by the
Project, and no residences are located in the Project Area.
XIV. A PLAN FOR ESTABLISHING PRIORITY FOR THE
RELOCATION OF PERSONS DISPLACED BY THE PROJECT IN NEW HOUSING IN
THE PROJECT AREA:
Not applicable.
XV. PROVISION FOR THE COSTS OF RELOCATING PERSONS
DISPLACED BY THE PROJECT AND FINANCIAL ASSISTANCE AND
REIMBURSEMENT OF EXPENSES, INCLUDING LITIGATION EXPENSES AND
EXPENSES INCIDENT TO THE TRANSFER OF TITLE, IN ACCORDANCE WITH
THE STANDARDS AND PROVISIONS OF THE FEDERAL UNIFORM RELOCATION
ASSISTANCE AND REAL PROPERTY ACQUISITION POLICIES ACT OF 1970, 42
U.S.C. 4601 TO 4655:
Not applicable.
XVI. A PLAN FOR COMPLIANCE WITH ACT NO. 227 OF THE
MICHIGAN PUBLIC ACTS OF 1972, WHICH PERTAINS TO PROVIDING
FINANCIAL ASSISTANCE, ADVISORY SERVICES AND REIMBURSEMENT OF
CERTAIN EXPENSES TO DISPLACED PERSONS:
Not applicable.
XVII. OTHER MATERIAL AS THE ECONOMIC DEVELOPMENT
CORPORATION, LOCAL PUBLIC AGENCY, OR GOVERNING BODY CONSIDERS
PERTINENT:
Not applicable.
JA
LEGAL DESCRIPTION
904-
at qa t
W,CH,
EUGENE
alvEI
* IMO $4,Pre
==
9209
/fr tp
4aar“
EUGENE F. ZEIMET
R.L.S. 9209
BLOOMFIELD GLEN HEALTH CEN
WEST BLOOMFIELD TWP MICHIGAN
BOUNDARY SURVEY
PAUL 3
ZEIMET-WOZNIAK et ASSOC., INC
CIVIL ENGINEERS a LAND SURVEYORS
29200 SCXJTHFIELD ROAD, SUITE 205
SOUTHFIELD, MICHIGAN 48076
(313) 559 7944
=
a
A
PART OF THE EAST HALF OF THE NORTHEAST QUARTER OF SECTION
33, TOWN 2 NORTH, RANGE 9 EAST, WEST BLOOMFIELD TOWNSHIP,
OAKLAND COUNTY, MICHIGAN DESCRIBED AS BEGINNING AT A POINT
IN THE EAST LINE OF SECTION 33 ALSO BEING THE CENTERLINE OF
FARMINGTON ROAD, N. 00 DEC. 04 MIN, 30 SEC. W. 122.92 FEET
FROM THE EAST k CORNER OF SECTION 33; THENCE S. 89 DEG- 39
.MIN. 48 SEC. W. 677.47 FEET; THENCE N. 00 DEC. 04 MIN. 30
SEC. W. 642.98 FEET; THENCE N. 89 DEC. 39 MIN, 48 SEC. E.
677.47 FEET TO SAID EAST LINE OF SECTION 33; THENCE ALONG
SAID LINE S. 00 DEC. 04 MIN. 30 SEC. E. 642.98 FEET TO THE
POINT OF BEGINNING, CONTAINING 10.00 ACRES CROSS AND 9.11
ACRES TO THE PROPOSED 60 FT. RIGHT OF WAY LINE OF FARMINGTON
ROAD.
NOTES:
• PROPERTY SIZE AND RESULTING DESCRIPTION AS PER
MEETING WITH MR. HERMAN FRANKEL ON APRIL 1-1985.
D.P.W. SANITARY SEWER 13 MILE ARM CROSSES
FARMINGTON RD. 1965 ° NORTH OF S.E. CORNER SECTION
33 INV. 900.15
STORM WATER OUTLET IS TO PEBBLE CREEK
CERTIFICATION TO:
WE HEREBY CERTIFY that we have surveyed the parcel of
land described and delineated hereon; that said plan is a
true representation of a survey preformed by us and that
there are no encroachments other than as shown hereon;
that said survey was performed with an error of closure no
greater than 1 in 5000,
CO\
A XEROX Filivartclat Services Company
July 24, 1985
Mr. Rex G. Lanyi
Comprehensive Retirement Communities
Limited Partnership
4900 Fairway Ridge South
West Bloomfield, Michigan 48033
RE: The Economic Development Corporation of Oakland County -
Bond Issue for Bloomfield Glens Project
Dear Mr. Lanyi:
This letter is in response to our discussions concerning the
proposed FHA-insured, tax-exempt bond issue for the long-term
care and supportive living unit project that your company plans
to develop in West Bloomfield, Michigan. Van Kampen Merritt Inc.
would be pleased to act as the underwriter for such a bond issue,
based upon the terms set forth in this letter.
It is our understanding from information supplied to us
that:
1. The project to be financed (the "Project") consists of
the purchase of certain land in West Bloomfield,
Michigan, the construction thereon of a long-term care
and supportive living facility containing 120 nursing
homes beds and 112 intermediate care beds.
2. You expect to receive a commitment for FHA mortgage
insurance for the Project under Section 232 of the
National Housing Act and the applicable HUD
regulations.
3. The total cost of constructing, equipping and financing
the Project, as set forth in the draft of the FHA
insurance application that you provided to us, is
presently estimated to be $7,581,779.
4. The Project will be financed through the issuance of
long-term (30 to 40 years), tax-exempt industrial
revenue bonds .(the "Bonds") by The Economic Development
Corporation of Oakland County (the "Issuer"), and aa
inducement resolution for such bonds has already been
obtained from the Issuer.
Van Kampen Merritt is prepared and will be pleased to serve
2 Penn Center Plaza, Suite 1600, Philadelphia, Pennsylvania 19102
Pennwyania New York • Cagforni,k • .ncx,..vs • Florida • !Mani,
as the investment banker for the Project, and as the investment
banker purchase the Bonds, subject to the fulfillment of the
following no
1. The receipt of a firm commitment from HUD for the FHA
mortgage insurance.
2. The execution of bond documents, in form satisfactory
to Van Kampen Merritt, by the Issuer and the entity
that will own the Project.
3. The receipt of an approving opinion of bond counsel
satisfactory to Van Kampen Merritt attesting to the
legality and tax—exempt status of the Bonds.
4. Security provisions satisfactory to Van Kampen Merritt
which result in a rating from Standard & Poor's of an
investment grade of no less than "A".
The interest rate on the Bonds will be determined at the
time that Van Kampen Merritt purchases the Bonds, based upon
market conditions at that time. Our fee for our services will be
as set forth in our letter to you of April 30, 1985.
We trust that this letter is responsive to your needs and is
appropriate for use in obtaining the required approvals from the
Issuer. We would be pleased to provide you with any additional
information that you may require.
Sincerely,
,• /-
Gerard W. Farrell .
Vice President
National Health Care
Finance Division
GWF:kmd
EY A ,E czp6:1-
RODGERS AND MORGENSTEIN
ATTORNEYS AT LAW
211 HUNTERS SQUARE
31555 WEST FOURTEEN MILE ROAD
FARMINGTON HU I 5, MICHIGAN 48018
TELEPHONE AC (313) 855-5050
HORACE J. RODGERs
HENRY B. MORGENSTE1N
July 24, 1985
Mr. Mark Habel
Director of Programs
Department of Housing and
Urban Development
477 Michigan Avenue
Detroit, Michigan 48226
FHA Project No. 044-43044
Bloomfield Glens Health Center
a/k/a Comprehensive Retirement Communitiz
West Bloomfield, Michigan
Dear Mr. Habel:
The Sponsors of the above project have been requested by the
Economic Development Corporation of the County of Oakland /which
will issue Tax Exempt Bonds for the permanent financing of the
project, to secure a report from your Office regarding the status
of the Application For Conditional Commitment. Please address
your letter, using the above caption, to:
Mr. Jeffrey A. Kaczmarek
Assistant Secretary, Board of Directors
The Economic Development Corporation
of the County of Oakland
Executive Office Building
1200 North Telegraph Road
Pontiac, Michigan 48053
RE:
I would appreciate receiving a carbon copy of you reply.
you for your cooperation in this matter.
Very truly yours,
RODGERS AND MORGENSTEIN
-
Henry ji3:---M6trgens -n---------
H9M:fp
CC Mr. Rex Lanyi
Thank
Exhibit C
COMPANY CERTIFICATE REGARDING
PAYMENT OF PREVAILING WAGES
Comprehensive Retirement Communities
Limited Partnership Project
The undersigned, Comprehensive Retirement Communities
a Michigan Limitpcl Ppl-tnprFhn (the "Company") hereby certifies
to The Economic Development Corporation of the County of Oakland
(the "EDC") as follows:
1. This Certificate is made and based upon the best of
the Company's knowledge and belief, only after thorough
investigation and discussion with all owners of the Company and
others who might have knowledge regarding the subject matter.
2. The Company understands that this Certificate is a
statutory requirement under the Economic Development Corporations
Act, Act No. 338 of the Michigan Public Acts of 1974, as amended
(the "Act") which, if improperly made or based upon any material
misrepresentation or inaccuracy, might invalidate the proceedings
regarding the Comprehensive Retirement Communities Limited .Ipartnershp
Project (the "Project") pursuant to which the EDC expects
ultimately to issue its limited obligation economic development
revenue bonds to finance all or part of the Project.
3. Within the meaning and intent of Section 8(4)(h) of
the Act, all persons performing work on the construction of the
Project will be paid the prevailing wage and fringe benefit rates
for the same or similar work in the locality in which the work is
to be performed, as determined pursuant to Act No. 166 of the
Michigan Public Acts of 1965, as amended.
mu-rehensi ve Retirement Comm'a
ichigan Tmitpd
Rex G. Lanyi for Bloomfield
Glens "a"wen,-Compsny
By:
GPnel-P1 Partner
Dated: July 25, 1985
M-346E
Its:
Exhibit D
COMPANY CERTIFICATE REGARDING
TRANSFER OF EMPLOYMENT
Comprehensive Retirement Communities
Limited Partnership Project
The undersigned, Ccmnre'-,T=:v7 Retirement 7,:T.mu 4-Yec*
a Michigan Limited Partnorshiio (the "Cs,mpany"), hereby certifies
to The Economic Development Corporation of the County of Oakland
(the "EDC") as follows:
1. This Certificate is made and based upon the best of
the Company's knowledge and belief, only after thorough
investigation and discussion with all owners of the Company and
others who might have knowledge regarding the subject matter.
2. The Company acknowledges that this Certificate will
be employed by the EDC as the sole basis for the BBC's
certification to the Board of Commissioners of the County of
Oakland as to transfer of employment as required by Section 8(3)
of the Economic Development Corporations Act, Act No 338 of the
Michigan Public Acts of 1974, as amended, (the "Act").
3. The Company understands that the EDC's Certification
to the Board of Commissioners of the County of Oakland is a
statutory requirement which, if improperly made or based upon any
material misrepresentation or inaccuracy, might invalidate the
proceedings regarding the Comprehensive Retirement Communities Limited Part
nership Project (the "Project") pursuant to which the EDC expects
ultimately to issue its limited obligation economic development
revenue bonds to finance all or part of the Project.
4. As of the date hereof, the Project shall not have
the effect of transferring employment of more than 20 full-time
persons from a municipality (as that term is defined in the Act)
of this State to West Bleemfield , Michigan, the
municipality in which the Project will be located.
5. The Company agrees that during the life of the bonds
proposed to be issued by the EDC to finance the costs of the
Project for the Company, the Company will not permit a lease or
sublease in connection with the Project which would have the
effect of transferring, as to such lease, sublease or group of
leases or subleases which are interrelated (i.e. "interrelated"
means leases negotiated as part of one set of negotiaions or
leases with lessees who are related by more than 50% common
ownership), employment of more than 20 full-time persons from a
municipality of this State to West Blene17'1,s'7(1 . , Michigan
unless the Company or such lessee or sublessee has first obtained
a consent to the proposed transfer of employment from the
governing body of each municipality from which employment is to
be transferred.
M-283E
6. The Company understans that a covenant to
effectuate the purposes of this Certificate will be included in
those covenants to be made by the Company when bonds are is s ued
by the EDC for the benefit of the Project.
cE1rchcP 5V5 P-ti-2m ,9rt Cr)-1'7 4-,jr-5 a
Michigan Li mited P ir iu
4/
By:
Rex G. Lanyi
Its: Generi
Dated: July 25, 1985