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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