HomeMy WebLinkAboutResolutions - 1985.10.24 - 11267MISCELLANEOUS RESOLUTION NO 85308 DATE: October 24, 1985
BY: PUBLIC SERVICES COMMITTEE, names E. Lanni, Chairperson
IN RE: COMMUNITY DEVELOPMENT DIVISION - 1936 Commercial Assistance Pr
(CAP) GUIDELINES
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen
WHEREAS, Oakland County has been a recipient of Community Development Block
Grant funds from the U.S. Department of Housing and Urban Development since 1974 and has
operated a residential rehabilitation program since 1976; and
WHEREAS, the U.S. Department of Housing and Urban Development has established
procedures allowing Community Development Block Grant recipients to draw .(in one lump
sum) the funds designated for property rehabilitation in their approved CDBG application in
order to establish a Rehabilitation Leveraging Fund with a private financial institution; and
WHEREAS, the County of Oakland by Miscellaneous Resolution 1182283 of September
21, 1982 adopted the basic concept of utilizing Community Development Block Grant funds to
leverage private financial resources for the rehabilitation of residential and commercial
property; and
WHEREAS, the County of Oakland by Miscellaneous Resolution 1183034 of February
24, 1983 approved the creation of a commercial rehabilitation financing program with
Community Development Block Grant funds and authorized the Community Development
Division to solicit lenders for a financial leveraging agreement; and
WHEREAS, the County of Oakland by Miscellaneous Resolution #84239 of August 30,
1934 approved the Rehabilitation Leveraging Agreement with Manufacturers National Bank of
Detroit for a program of financing commercial property rehabilitation; and
WHEREAS, the County of Oakland by Miscellaneous Resolution 1185107 of March 23,
1985 approved the 1985 Commercial Assistance Program goals and objectives, definitions for
Commercial business districts, targeting and community funding allocation strategy and
community selection criteria; and
WHEREAS, the County of Oakland by Miscellaneous Resolution #85158 of May 23,
1985 designated the 1985 CAP Target Communities; and
WHEREAS, the Oakland County Community Development Division has developed
Guidelines for the 1986 Commercial Assistance Program; and
WHEREAS, the Community Development Citizens Advisory Council has
recommended approval by unanimous vote the attached 1986 CAP Guidelines.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of
Commissioners approves the 1986 attached Commercial Assistance Program Guidelines.
BE IT FURTHER RESOLVED that the Oakland County Community Development
Division be directed to utilize the Community Selection Criteria approved herein to select the
1986 CAP Target Communities with final approval to be made by the Oakland County Board of
Commissioners.
Mr. Chairperson, on behalf of the Public Services Committee, I move the adoption of
the foregoing resolution.
PUBLIC SERVICES COMMITTEE
1986 COMMERCIAL ASSISTANCE PROGRAM GUIDELINES
PROGRAM DESCRIPTION - The Commercial Assistance Program (CAP) provides low
interest, fixed rate loans to rehabilitate commercial property in downtown business districts
of selected Oakland County communities. CAP exists through the creation of a Commercial
Rehabilitation Loan Fund established by a Rehabilitation Leveraging Agreement between
Manufacturers National Bank of Detroit and Oakland County. Federal Community
Development Block Grant (CDBG) funds are used to leverage private resources to finance
commercial property rehabilitation. CAP assists selected communities implement their
business district revitalization strategies and encourages investor interest in downtown
areas. By blending public and private funds, CAP provides downtown property owners and
merchants with affordable financing for rehabilitation projects that might not otherwise be
feasible. Through this combination of private financing from Manufacturers Bank with a
CDBG subsidy, CAP loans are currently available for projects up to $100,000 at an effective
interest rate of 7.75% for seven (7) years.
The goal of the Commercial Assistance Program is the physical and economic revitalization
of business districts in Oakland County.
PART A
COMMUNITY SELECTION PROCESS AND CRITERIA
COMMUNITY SELECTIONS - Oakland County Community Development, with approval from
the Community Development Citizens Advisory Council, the Public Services Committee,
and the Oakland County Board of Commissioners will select 4-6 communities for designation
as the 1986 CAP target communities. The community evaluation and selection criteria for
the 198' program are described later in this attachment. To select the communities, OCCD
will conduct a community competition beginning the fall of 1985.
ELIGIBLE COMMUNITY APPLICANTS - The 1986 CAP community competition is open to
the Oakland County communities participating with the County in the HUD Community
Development Block Grant program. However, since the 1985 CAP Target Communities
(Ferndale, Holly, Milford, Oxford, Hazel Park, Ortonville, South Lyon and Walled Lake) are
'::itiating their programs this fall, they may not apply to participate in the 1986 Commercial
Assistance Program.
1986 CAP CC.MT:7.77..,71:TY SELECTION SCHEDULE
October 30, 1985 - 1986 CAP Community Application Workshop. Application
materials and OCCD's community selection trria and
I eview pi k../L.eS: will Lle puviUed ioCUI111111.1[111, t.;n c
workshop.
December 31, 1985 - 1986 CAP community applications due to Oakland County
Community Development.
February, 1986 - CD Advisory Council, Public Services and full Board of
Commissioners meetings to select the 1986 CAP Target
Communities.
1
March 1 - May 30, 1986 - Conduct the -CAP Community Start-Up Technical Assistance
Workshop; negotiate leveraging agreements with local banks
if appropriate; assist communities in local program
development; execute Letter of Agreement between OCCD
and the 1986 Target Communities.
June 1, 1986 - 1986 CAP program is operational in the new communities for
an 18 month period until November 30, 1987.
1986 CAP COMMUNITY SELECTION PROCESS AND CRITERIA
Oakland County Community Development has established a three-step procedure to
review the 1986 CAP community applications and select the 1986 CAP Target Communities.
A community can earn a maximum of 500 points,
STEP 111 OCCD Staff Review for Minimum Eligibility Qualifications
STEP Y/2 - Review Team Evaluation According to Selection Criteria (400 points)
STEP 113 - Field Visit (100 points)
Each of these steps is detailed below and is graphically demonstrated in Exhibit A.
STEP El - OCCD Staff Review for Minimum Eligibility Qualifications
OCCD has set minimum CAP community qualifications for the 1986 program,
Communities must include the following information or documentation in their CAP
application to attain their initial eligibility for the 1986 program. These basic requirements
will ensure that any community selected for CAP has the capability to administer the
program in an effective and timely manner. The minimum requirements are;
1. Designation of a single CAP target business district identified on a map with
clearly marked boundaries.
2. Existence of an active organization (whose members include business district
property owners and merchat.::: .which is guiding or participating in the
revitalization of the target This could include a downtown development
authority, a subcommittee of the chamber of commerce, or a special ad hoc
committee or task force.
3. Documentation that the target business district serves or is located in or
adjacent to residential area(s) whose population is comprised of at least 38.46%
low/moderate Income households:
erI
Documentation that the target business district is a slum or blighted area as
defined by State law and local codes.
4. Assurances that the local government will devote an adequate level of
experienced professional staff and financial resources to support and administer
CAP at the local level. OCCD will not provide any additional financial support
for local CAP program administration.
5. Existence of a building improvement design plan or design guidelines to use in
the local review of building renovations proposed for CAP financing.
2
6. Completion of a written .strategy or plan which identifies the
problems/opportunities facing the CAP business district, establishes goals and
policies for its revitalization, and outlines specific projects and activities for the
area's physical and economic renewal.
7. Documentation of merchant and property owner interest in CAP financing
including estimates on the number of rehabilitation projects and total
rehabilitation expenses.
.-
8. Description of the community's need for CAP; statement of what the community
hopes to achieve through the program; statement of why the community believes
it should be selected for CAP.
9. Statement of plans for the establishment, composition and operation of the local
CAP Committee that will be responsible for managing the CAP program in the
target area.
10. Resolution from the local governing body authorizing submission of the CAP
application to OCCD.
Communities will submit the required documentation on application materials
developed by OCCD and provided to them at the October 30, 1985 Application Workshop.
The CAP Coordinator will review the application to determine whether the communities
meet the minimum qualifications. Communities will be encouraged to submit this part of
their CAP application as early as possible during the November 1 - December 31 application
period to allow sufficient time for revisions or additions if requested by the CAP
Coordinator.
STEP 112 - Review Team Evaluation According to Selection Criteria
The CAP community applications that meet the minimum
reviewed and scored by the CAP Review Team according to the 1986 CAP Community
Selection Criteria summarized below.
qualifications will be
Criteria
1. Comprehensiveness of the Commercial
Revitalization Program
2. Potential for Commercial Development
and Investment
Maximum # of Points
80
50
3. Community Neecl/CDBG Eligibility 50
4.• Local Government Commitment 50
5, Avallbtv of Other Financial Resources 50
6. Involvement of Civic, Community and
Business Organizations 35
7, Historical/Architectural Significance 25
8. Design Review Experience 20
9. Inter-governmental Approach 20
10. Potential for New Employment Opportunities 20
TOTAL 400
3
In the CAP application, a community will describe in writing, how it meets each of the
ten (10) selection criteria. The particulars of each criteria are detailed as follows.
CAP SELECTION CRITERIA ff1 - COMPREHENSIVENESS AND SUCCESS OF THE
COMMUNITY'S BUSINESS DISTRICT REVITALIZATION PROGRAM - Commercial
revitalization efforts are successful when the public and private sectors actively work
together and choose a muiti-faceted approach to overcome the problems of physical
deterioration and economic decline. Successful commercial revitalization is characterized
by a coordinated program which includes:
a. Physical Improvements - Enhancing the visual quality of the business district
through private property rehabilitation, public streetscape improvements,
signage programs, and code enforcement.
b. Economic Restructuring - Diversifying the economic base of the business district
through market assessment, retail recruitment, developer attraction, and
adaptive use to meet market potential.
c. Promotions - Marketing the business district as a whole through advertising,
promotional events, special activities, logo, brochures, etc.
d. Business District Management - Coordinating maintenance, security, leasing and
shopping hours for the benefit of the entire area.
e. FinancifE - Developing public/private financing packages to encourage new
investment in the commercial area.
f. Organizational Development - How various public and private groups and their
leaders work together effectively to plan and implement commercial
revitalization programs.
Small Business Manazernent Assistance - Providing counseling programs and
services to merchants and retailers to improve their business operations and
competitiveness.
Ii. Traffic and Parking - Constructing parking facilities, surfacing roads, upgrading
signaling to improve traffic circulation and expand parking availability.
a•,:-'or the CAP target area, what activities have been initiated and what is the
ca-aanunity's track record in each of these eight categories of a commercial revitalization
program? Responses should consider all activities and projects serving the CAP business
district, not just those of the local government. (10 points per category/80 points total)
CAP SELECTION CRITERIA POTENTIAL FOR COMMERCIAL
DEVELOPMENT/REINVESTMENT - CAP will be most effective Li it is "invested" in business
districts which possess some untapped potential for increased economic activity.
• What retail businesses, office developments, housing units, government
institutions, cultural facilities or other enterprises have located or expanded in
the target area in the last three years?
• What is the potential for expanded economic activity in the business district?
Consider the area's residential growth, road improvements, etc.
• What retail, recreational, cultural, educational, institutional or entertainment
facilities currently attract customers to the business district?
• What new construction or rehabilitation projects are planned or currently "in
progress" in the target area?
4
g. Small Business Managa--,
SELECTION CRITERIA 11 3 - COMMUNITY NEED - Does the community's CAP target area
meet both CDI3G benefit crit;ria. .--77771717-77e income households and slum/blight? (50
points) Please note that at least one of the CDBC benefit criteria must be met for the
community to qualify for CAP.
CAP SELECTION CRITERIA 114 - LOCAL GOVERNMENT'S CAPABILITY A
0 PARTICIPATE IN CAP 777.617-7t -77
• Has the community administered a local housing or commercial rehabilitation
program in the past three years?
• Does the community have professional staff working primarily on business
district revitalization activities, i.e. a Downtown Manager or Director of the
Downtown Development Authority?
• How have the chief elected and appointed officials expressed their interest in
CAP?
• How has the community performed in spending its fiscal years 82-85 CDBG
funds?
CAP SELECTION CRITERIA #5 - AVAILABILITY OF OTHER FINANCING TO SUPPORT
KISINESS DISTRICT IMPROVEMENT PROJECTS - Communities commitieci to revitalizing
their business district have successfully marshalled both public and private financing for
their improvement programs. What financing techniques have been, are, or will be available
to fund public and private improvements in the CAP area? (50 points)
• In what ways and how much CDBC funds are directed to the CAP target area?
• Has the community initiated a downtown development authority taxing district,
a tax increment financing district, or a special assessment district for the CAP
area? How are the funds used?
o. Have local financial institutor- . established any rehabilitation financing
programs for the CAP area? any interested in working with the community
and the County on CAP?
CAP SELECTION CRITERIA 116 - INVOLVEMENT. OF CIVIC BUSINESS
ORGANIZATIONS AND COMMUNITY GROUPS IN BUSINESS DISTRICT REVITALIZATION.
EFFORTS (35 points)
• To what degree do the community's employers or business associations assist the
overall business district revitalization effort?
• What projects/activities have been initiated by community and civic
organizations that directly benefit the CAP target area?
• What other groups or agencies actively support business district revitalization
efforts? How?
• What groups were involved in preparing this application?
COMMIT
5
CAP SELECTION CRITERIA /77 - HISTORICAL/ARCHITECTURAL SIGNIFICANCE OF
BUILDINGS IN THE TAR ET BUSINESS DISTRICT (25 points)
Is the CAP target area a district or does it contain buildings which are:
• listed or are eligible for listing on the National Register of Historic Places or the
Michigan Register of Historic Sites, or are designated by a local historic district
ordinance established under Michigan law?
• marked or plagued as a historic building by a local historical society?
• valued locally and worthy of continued use without necessarily possessing the
architectural or historical significance needed for official national or state
listing?
CAP SELECTION CRITERIA /IS - COMMUNITY'S ABILITY TO CONDUCT DESIGN REVIEW
FOR CAP PROJECTS (20 points)
• Does the community have a building design plan for the CAP area which includes
recommendations for individual buildings?
• Will the community provide architectural design services to individual property
owners or merchants interested in CAP through staff expertise or by contracting
with a Coordinating Architect?
• Does the community currently utilize a design review procedure for exterior
building improvements that can be adopted for CAP, Le. local historic district
commission or a downtown development authority design review committee, etc.
CAP SELECTION CRITERIA 119 - UTILIZATION OF AN INTER-GOVERNMENTAL
APPROACH TO BUSINESS DISTRICT REVITALIZATION ,20 points'
413 Are several communities cooperating to revitalize a business district that is
located in more than one municipality?
• How con the proposed CAP program be coordinated with an already operating
CAP project in an imomodotely adjacent commercial area?
CAP SELECTION CRITERIA 11 10 - POTENTIAL FOR CAP TO DEVELOP NEW
EMPLOYMENT OPPORTUNITIES (20 points)
• Does the community plan to initiate a rehabilitation skills job training program
to operate in conjunction with CAP?
• Do any of the identified prospective CAP borrowers have plans to rehabilitate
vacant or underutilized space which will result in a net increase in downtown
employment opportunities?
6
The CAP Review Team comprised of staff from the Oakland County Community
Development Division, Planning Division, and Economic Development Group (EDG) will be
responsible for reviewing the CAP community applications.
All the communities' responses to a single criteria will be read and scored by an
individual member of the Review Team, The Review Team reader for each criteria will
score the applications by comparing the communities' responses to each other, not by
evaluating each community against some pre-determined standard. For example, an EDG
Review Team member will review all the com. munitiest responses to Criteria //2 - Potential
for Commercial Development and investment, and score them as a package with the best
response earning the highest number of points. A Planning Division member of the Team
will review all the communities' responses to Criteria 1/8 - Design Review Experience and
score them accordingly. The CAP Coordinator will read all the responses to Criteria 111 -
Comprehensiveness of the Commercial Revitalization Program and score them as
appropriate.. This process will be repeated for all 10 community selection criteria. This
approach provides for an equitable and accurate evaluation of the 1986 applications; a
community's entire application is not hurt if one section is much weaker than another. This
approach will also be highly time efficient for Review Team members.
When all reviews are completed, the CAP Coordinator will tally the scores to
calculate an overall community score for the application component of the competition.
STEP 113 - Field Visit
A field visit will be made to each community that meets the minimum CAP
qualifications. A maximum of 100 points can be earned by the community for its
presentation during the field visit. The purpose of the field visit is to allow a community to
demonstrate "in person" how it meets the selection criteria. This is important because the
community's attitude and commitment are not always accurately or adequately portrayed in
a written application. A community will actually make a "sales" presentation, describing
their plans for commercial revitalization and what they hope to accomplish with CAP.
Field visits will be conducted by a special Field Review Team comprised of the CAP
Coordinator, a representative of the Michigan Main Street program, a 1985 CAP Target
Corn —unity representative, and other .com.munity development professionals as appropriate.
will read the communities' CAP applications in advance of the visits. During the
-visit, the Field Review Team may question the community on the information in their
application. The Field Team will not know how the community scored on their written
application so as to not bias their evaluation of the field visit presentation. At the
conclusion of the fie,,1.1 the. Field Review Team will score the presentation according to
the community's actual demonstration of:
• participation by various community, business and civic organizations involved ii
Lite C./-ii-'1.)-usiaess revitalizatiereprograrn (2.0 points)
• Interest in CAP as expressed by prospective borrowers (20 points)
• commitment of the local government's elected and appointed officials (20 points)
• quality, initiative, thoroughness and energy of the field presentation in light of
the community's size and staff resources (20 points)
• comprehensiveness of the community's revitalization plans for the CAP business
district (20 points)
7
Upon completion of the scoring of the written applications and the field visits, the
CAP Coordinator will compute the communities' final CAP scores and rank them
accordingly. Depending upon CDBC fund availability and the point spread between
communities, OCCD will recommend four to six communities to the Community
Development Citizens Advisory Council and the Oakland County Board of Commissioners for
designation as the 1986 CAP Target Communities in February, 1986.
Communities will be notified of their score and rank by telephone and confirming
letter after the February meeting of the Community Development Advisory Council.
APPEAL PROCESS - The communities may request a review of their CAP score. Upon
written request to Oakland County Community Development, the community may meet with
the CAP Coordinator and/or the Review Team to discuss how their application was
evaluated.
PART B
FUNDING DISTRIBUTION AND ALLOCATION CRITERIA
1986 CAP FUNDING - Three hundred and fifty thousand dollars ($350,000) in Community
Development Block Grant resources will be available for the 1986 Commercial Assistance
Program. Approximately $67,500 will be from interest earned between April 1-December
30, 1985 on the 1985 lump sum deposit at Manufacturers National Bank. The remaining
$282,500 will come from the County's 1986 CDBG funding; this figure more than allows for
the expected 15% cut in CDBG funds from last year's allocation. The actual amount of 1936
CDBG dollars devoted to the 1986 CAP program may vary from the estimated $282,500
depending on what amount of interest is actually earned through December of this year.
FUNDING DISTRIBUTION AND ALLOCATION CRITERIA
Eight-five percent (85%) of the 1986 CAP/CDBG resources ($297,500) will be made
available to property owners and merchants to rehabilitate buildings located in the
designated CAP business districts of the 1986 CAP Target Communities. OCCD will
allocate CAP/CDBG funds to each of the Target Communities in accordance with the
following formula:
1. Each Target Community will be allocated a minimum base amount of
CAP/CDBG funds to support $1.07;:.,:i'; worth of rehabilitation. (For the 1985
program, this amount would equal
2. The amount remaining after the minimum thresholds have been calculated would
be divided in half; one half to be distributed accee-lin7 to the communities'
scores from the CAP competition, and the other half distribOted on l -ee basis of
the documented demand for commercial rehabilitation financing included in a
community's CAP application.
2a. Scores - OCCD will calculate the percentage that each Target
Community's CAP score represents of the total points scored by all the
Target Communities. This same percentage would then be applied to 50%
of the amount of CAP/CDBG funds remaining after the minimum amounts
are determined (step #1).
2b. Demand - OCCD will calculate the percentage that each Target
Community's documented demand for rehabilitation financing represents of
total amount of rehabilitation financing estimated by all the Target
Communities. This same percentage would then be applied to the other
50% of CAP/CDBG funds remaining after the minimum amounts are
determined (step #1).
8
Thus a Target Community's total CAP/CDBG allocation would consist of three parts -a
minimum threshold amount to support $100,000 worth of rehabilitation; an amount derive .:l
from their CAP score; and an amount based on the demand for CAP financing.
illustrative examp.le of this formula is presented in Exhibit B. !
Each Target Community's allocation will be incorporated into their Letter of
Agreement executed with Oakland County Community Development Quarterly
performance standards for the cornmunity's timely use of CAP1CDBG funds will be
negotiated and included in each Letter of Agreement.
Fifteen percent (15%) of the 1986 CAPlCDBG resources ($52,500) will be available to
individual commercial rehabilitation projects located in the business districts of the
communities which applied for, but were not selected as 1906 CAP Target Communities,
The $52,500 will be divided equally among the non-target communities, up to a maximum of
five (5) communities, The fewer non-target communities, the higher the amount of
CAP/CDBG funds.
# of Non-Target
Communities CAP/CDBG Allocation = CAP $ Available
5 $10,500 $52,500
4 $13,125 = $52,500
3 x $17,500 = $52,500
In this way, each non-target community is assured of enough financing to rehabilitate
at least three (3) buildings but will not receive more than a Target Community. Each non-
target community will also execute a Letter of Agreement.
If less than nine (9) communities apply and meet the minimum CAP eligibility
requirements, then the total $350,000 would be allocated in accordance with the criteria
described previously for the Target Communities.
9
1986 Commercial Assistance Program Guidelines
. Exhibit A - Community Application and Selection Process
Communities Submit Application
(due by December 31, 1985)
to OCCD
1
Step #1
CAP Coordinator Reviews Applications
for minimum eligibility requirements.
(through January 3, 1986)
1986
CAP
Application
Workshop
(October 1985)
Step #2
Applications Reviewed
and Scored by the
CAP Review Team
(400 point maximum)
(January 6 - 11, 1986)
Step #3
Field Visits Conducted
and Scored
(100 point maximum)
(January 13 - 24, 1986)
Communities notified that minimum
eligibility qualifications have been
met; field visits are scheduled.
(by January 6, 1986)
CD Citizens Advisory Council
(February Meeting)
Communities
notified
of
status and
score
CAP Coordinator
from application reviews and
field visits.
Top ranking 4-6 communities
are selected,
(by January 27, 1986)
CAP Coordinator calculates CAP/CDBG
funding allocations.
(January 27 - 31, 1986)
DFIfTwn AlDppr or
Target Community Selections
and Funding Allocations
combines scores
County Board of Commissioners
(first February Meeting)
Financing Demand
$460,000
280,000
590,000
720,000
530,000
370,000
640,000
560,000
$4,150,000
a) # of CAP TaT.o+
Communities
n n r,1,,T70
X funds to support
$100,000 of rehabilitation
for Minimum alloca-
tions to all Target
communities
Score
422
407
398
383
379
352
346
331
3,018
Estimated Demand
for Commercial
Rehab Financing
$460,000
280,000
590,000
720,000
530,000
370,000
640,000
560,000
$4,150,000
CAP/CDBC-Allocation
as the Column C %
of $76,550
$10,717
10,334
10,105
9,722
9,569
8,956
8,727
8,420
$76,550
CAMDBG-Allocation
as the Column G %
of $76,550
$8.498
5,205
10,870
13,243
9,798
6,813
11,789
10,334
$76,550
Step #3 - Total CAP Target Communities
CAPICDB6 Allocation
Minimum CAP Score
Base Allocation
-Allocation
$18,050 + $10,717 + $ 8,498 - = $37 ,265
18,050 + 10,334 + 5,205 = 33,599
18,050 + 10,105 + 30,870 = 39,025
18,050 + 9,722 + 13,243 = 47,015
18,050 + 9,569 + 9,798 = 37,417
18,050 + 8,956 + 6,813 = 33,819
18,050 + 8,727 + 11,789 = 38,566
18,050 + 8,420 + 10,334 = 36,804
Financing Total
Demand CAP/0000
Allocation Allocation
Communities
1) Monroe
2) Howell
3) Jackson
4) Ypsilanti
5) Petosky
6) Houghton
7) Bay City
8) Grand Haven
1986 Commercjal Assistance Program '!
Exhibit B - CAP Funding Allocation Formula
Illustrative Example'
GAP Score
422
407
398
383
379
352
346
331
3015
Step #1 - Minimum Base Allocation Per Communit/
b) Total CAP/CDBC
funds for CAP
Target Communities
8 X $18,050 = $144,400
Total for minimum
community allocations
Amount available to
distribute according
to score and demand
$297,500 - $144,400 . $153,100
$76,550 = Amount available to distribute according to score
76,550 = Amount available to distribute according to demand
Step #2 - Allocations Based on Communities CAP Scores/and
Demand for Financing,
2a) Scores
A
Communities
1) Monroe
2) Howell
3) Jackson
4) Ypsilanti
5) Petosky
6) Houghton
7) Bay City
8) Grand Haven
Total
26) Financing Demand
Communities
1) Monroe
2) Howell
3) Jackson
4) Ypsilanti
5) Petosky
6) Houghton
7) Bay City
8) Grand Haven
Commun ity
1) Monroe
2) Howell
3) Jackson
4) Ypsilanti
5) Petosky
6) Houghton
7) Bay City
8) Grand Haven
0
Community's-CAP Score
as a % of Total Points
Scored by all Target
Communities_;3018)
14%
13.5%
13.2%
12.7%
12.5%
11.7%
11.4%
11%
100%
Community's Estimated
Demand $ as a % of
Total Demand ($4 ,150,000)
11.1%
6.8%
14.2%
17.3%
12.8%
8.9%
15.4%
13.5%
100%
$144,400 + $76,550 $76,550 . $297,506
#85308 October 24, 1985
Moved by Lanni supported by Webb the resolution be adopted.
AYES: Law, McConnell, McPherson, Moffitt, Moore, Olsen, Page, Perinoff,
Pernick, Price, Rewold, Skarritt, Webb, Aaron, Doyon, Fortino, Gosling, Hassberger,
Hobart, R. Kuhn, S. Kuhn, Lanni. (22)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution 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
Miscellaneous Resolution # 85308 adopted by the Oakland County Board of
Commissioners at their regular meeting held on October 24, 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
24th day of AO October
41111111111111111111164. k' I. ALLEN Coun y Clerk/Register of Deeds
1 9 85 this