HomeMy WebLinkAboutResolutions - 1980.06.19 - 12005Miscellaneous Resolution 9466 June 19, 1980
BY: PLANNING AND BUILDING COMMITTEE
IN RE: OAKLAND/PONTIAC AIRPORT T-HANGAR SYSTEM
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Cahirperson, Ladies and Gentlemen:
WHEREAS pursuant to an ordinance adopted May 19, 1977, Oakland/Pontiac
Airport T-Hangar System Revenue Bonds were issued in the principal amount of
$710,000 to defray the cost of extending the Oakland/Pontiac Airport T-Hangar
System by the acquisition of fifty-five (55) new T-hangars; and
WHEREAS the project for which the said bonds were issued has been completed
and there remains an unexpended balance of the proceeds of the sale of the bonds
in excess of $100,000; and
WHEREAS Section 16 of the Revenue Bond Act of 1933 and Section 22 of the
aforesaid ordinance adopted May 19, 1977, authorize the use of any unexpended
balance of the proceeds of the sale of the bonds remaining after completion of
the project, to the extent of One Hundred Thousand Dollars, to improve, enlarge
or extend the system if such use be approved by the Municipal Finance Commission; and
WHEREAS the County Airport Committee has recommended that the Oakland/Pontiac
Airport T-Hangar System be improved, enlarged and extended by the acquisition of
ten (10) additional T-hangars at an estimated cost of $150,000 and that part of
the cost thereof be defrayed by the use of $100,000 of the unexpended balance of
the proceeds of the sale of the Oakland/Pontiac Airport T-Hangar System Revenue
Bonds.
NOW THEREFORE BE IT RESOLVED that the Board of Commissioners hereby approves
the improvement, enlargement and extension of the Oakland/Pontiac Airport 1-Hangar
System by the acquisition of ten (10) new T-hangars and hereby approves and adopts
the estimate of $150,000 as the cost thereof.
BE IT FURTHER RESOLVED the Board of Commissioners hereby approves and
authorizes the use of $100,000 of the unexpended balance of the proceeds of the sale
of the Oakland/Pontiac Airport 1-Hangar System Revenue Bonds to defray part of the
cost of acquiring the aforesaid ten (10) new T-hangars, and the County Airport
Committee is hereby authorized to take whatever steps are necessary to secure
Municipal Finance Commission approval of such use
Mr. Chairperson, on behalf of the Planning and Building Committee, I move
#9466 June 19, 1980
Lynn D. Allen.... C lerk
Moved by Wilcox supported by Patterson the resolution be adopted.
AYES: Dunaskiss, Fortino, Gabler, Hobart, Kasper, Kelly, Lewand,
McDonald, Moffitt, Montante, Moore, Moxley, Page, Patterson, Perinoff, Pernick,
Price, Roth, Wilcox, Aaron, Caddell, DiGiovanni, Doyon, (23)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was adopted
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
T, 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 #9466 adopted by the Oakland County Board ............ ............. ..... ... ....... ........ .......... .....
of Commissioners at their meeting held on June 19, 1980 ......... ........aeasevae"“"em,“ ........................ ps0 ......
with the original 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
19th June 80 this day of...... .......... 19....
By Deputy Clerk