HomeMy WebLinkAboutResolutions - 1985.11.21 - 11312Miscellaneous Resolution # 85352
By: PLANNING AND BUILDING COMMITTEE--Anne M. Hobart, Chairperson
In Re: ROAD COMMISSION--BORROWING
To the Oakland County Board of Commissioners
Mr. Chairperson, Ladies, and Gentlemen:
WHEREAS Act 143 of the Public Acts of 1943, as amended, authorizes
the Board of County Road Commissioners to borrow money for certain purposes
and to issue its notes in anticipation thereof, and to pledge for payment
thereof, future revenue derived from state collected taxes returned to the
county for county road purposes, the maximum amount which may be borrowed
to be previously authorized by the Board of County Commissioners.
NOW THEREFORE BE IT RESOLVED that the Board of County Road
Commissioners of the County of Oakland is hereby authorized to borrow
in addition to amounts already approved by this Board of Commissioners
in past years a sum of money not to exceed $6 million to provide funds
for the 5.5 million Bonded Overlay Program (see attached) for the improvement
of county roads and to issue its notes therefor, pursuant to said Act 143,
at an interest rate not to exceed the maximum rate of interest permitted
by law at the time of sale; pledging for the payment thereof future revenues
derived from state collected taxes returned to the county for county road
purposes which borrowing or borrowings shall be made during the year
1985. The full faith and credit of the county shall not be pledged for
the payment of such notes.
Mr. Chairperson, on behalf of the Planning and Building Committee,
I move the adoption of the foregoing resolution.
-
Planning and Building Committee
James Dane
Gerald M. Holmberg
$5,500,000 BONDED OVERLAY PROGRAM
Board of County Road Commissioners
Oakland County
INTER-DEPARTMENT MEMORANDUM
Date: November 5, 1985
To:
From:
Subject:
Listed below are the road segments to be resurfaced using the 1986 Bonding Funds. The costs have
been separated into contractor payments and consultant service fees.
CONTRACTOR CONSULTANT TOTAL
ROAD NAME LENGTH TERMINI LOCATION PAYMENTS FEES COST
Ten Mile 8.3 S. Lyon S. Lyon, Lyon
Limits- Twp & Novi
Novi
1,022,700 102,300 1,125,000
Milford 1.8 Fenton- Rose Twp 221,800 22,200 244,000
Davisburg
Richardson 1.1 Haggerty- W. Bloomfield 136,400 13,600 150,000
Green Lake Twp.
Hickory Ridge 3.0 N. of Sto- Milford Twp 369,100 36,900 406,000
bart-Honey-
well Lake
Fenton 3.2 Milford- Rose Twp 393,600 39,400 433,000
County Line
Clarkston 3.1 Flemings- Independence Twp 381,800 38,200 420,000
Lk-Clinton-
ville
Pontiac Trail
Franklin
White Lake
Grange Hall
0.7 C&O Tracks- S. Lyon & Lyon 86,400 8,600 95,000
Twp.
2.4 Long Lk- Bloomfield Twp 295,500 29,500 325,000
Maple
1.6 Eagle- White Lake Twp 197,300 19,700 217,000
McKeachie
3.9 M-15- Groveland Twp 480,000 48,000 528,000
Wildwood
CONTRACTOR CONSULTANT TOTAL
ROAD NAME LENGTH TERMINI LOCATION PAYMENTS FEES COST
Waldon 1.8 M-15- Independence Twp 221,800 22,200 244,000
Sashabaw
Wixom 2.0 Pontiac Tr- Commerce Twp 246,400 24,600 271,000
Loon Lake
White Lake 1.0 Dixie - Clarkston dc 122,700 12,300 135,000
M-15 Independence Twp
S. Boulevard 3.0 Adams- Troy 369,100 36,900 406,000
Livernois
Pontiac Trail 2.7 Haggerty- Walled Lake & 332,700 33,300 366,000
S. Commerce Commerce Twp
Pontiac Trail 1.0 Beck- Wixom 122,700 12,300 135,000 Wixom
TOTAL: 5,000,000 500,000 5,500,000
/dm
21-St day of ) No v ember . 1985
ALLEN
County Clerk/Register of Deeds
#85352 November 21, 1585
Moved by Hobart supported by Hassberger the resolution be adopted.
AYES: Caddell, Calandro, Doyon, Fortino, Gosling, Hassberger, Hobart, R. Kuhn,
S. Kuhn, Lanni, Law, McConnell, McDonald, McPherson, Moffitt, Nelson, Olsen, Page,
Pernick, Rewold, Skarritt, Webb, Wilcox, Aaron. (24)
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 the attached
Miscellaneous Resolution adopted by the Oakland County Board of Commissioners
at their meeting held on November 21, 1935
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
this