HomeMy WebLinkAboutResolutions - 1979.05.03 - 12425yt7P.W
May 3, 1979
8941 MISCELLANEOUS RESOLUTION #
BY: FINANCE COMMITTEE, DENNIS MURPHY, CHAIRMAN
IN RE: ADVANCE OF FUNDS TO THE AIRPORT CAPITAL IMPROVEMENT FUND
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairman, Ladies and Gentlemen:
WHEREAS by Miscellaneous Resolution #8789 the Board of Commissioners
authorized sale of property at the Oakland-Orion Airport; and
WHEREAS the Board intended proceeds from the sale of subject properties
be used for airport improvements; and
WHEREAS the subject property was sold on a land contract basis; and
WHEREAS it was intended proceeds be immediately employed for airport
improvements; and
WHEREAS it is sound policy to consolidate all land sale collections in
the land sales fund.
NOW THEREFORE BE IT RESOLVED that the General Fund, upon receipt of an
executed land contract advance $211,200, less cost of sales, to the Airport
Capital Improvement Fund. Said advance is to be reimbursed from the proceeds
of the land contract.
The Finance Committee, by Dennis Murphy, Chairman, moves the adoption
of the foregoing resolution.
FINANCE COMMITTEE
#8941 may 3, 1979
Moved by Murphy supported by Fortino the resolution be adopted.
AYES: Price, Wilcox, Aaron, DiGiovanni, Doyon, Dunaskiss, Fortino, Gabler,
Gorsline, Hobart, Kasper, Kelly, Lewand, McConnell, McDonald, Moffitt, Montante,
Moore, Moxley, Murphy, Page, Patterson, Perinoff, Pernick, Peterson. (25)
NAYS: Roth. (1)
A sufficient majority having voted therefor, the resolution was adopted.
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
1, 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 #8941 adopted by the Oakland County Board of
Commissioners at their meeting held on May 3, 1979
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
this 3rd day of May 19..1?
Lynn D. Allen Clerk
By Deputy Clerk