HomeMy WebLinkAboutResolutions - 1977.01.20 - 131847799 ROLUTION NO
BY: PLANNING & BUILDING-Richard R. Wilcox, Chairman
IN RE: QUINN DRAIN
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
R. CHAIRMAN, LADIES AND GENTLEMEN:
WHEREAS, proceedings have been taken by the Statutory
Drainage Board for the construction of the Quinn Drain under the
provisions of Chapter 20 of Act No 40 of the Public Acts of 1956,
as amended, pursuant to a petition filed with the Oakland County
Drain Commissioner; and
WHEREAS, the said Drainage Board by resolution adopted
on December 22, 1976, authorized and provided for the issuance of
bonds in the aggregate principal amount of $345,000 in anticipation
of the collection of an equal amount of special assessments aga i nst
the City of Troy, and the County of Oakland, said special assessments
having been duly confirmed by said Drainage Board; and
WHEREAS, said bonds are to be designated D r ain Bonds,
are to be dated March 1, 1977, will bear interest at a rate not
exceeding 8% and will not be subject to redemption prior to
maturity; and
WHEREAS, said Drainage Board deems it advisable
and necessary to obtain from this Board a resolution consenting
to the pledge af the full faith and credit of the county on the
aforesaid bonds; and
A
WHEREAS, the said drainage project is immediately
M6:cessary to protect and preserve the public health and there-
fore it is in the best interest of the County of Oakland that
said bonds be sold.
NOW, THEREFORE, BE IT RESOLVED BY THE OAKLAND COUNTY
BOARD OF COMMISSIONERS:
I. That pursuant to the authorization provided
in Section 474 of Chapter 20 of the Drain Code of 1956, as
amended, the Oakland County Board of Commissioners does hereby
irrevocably pledge the full faith and credit of the County
of Oakland for the prompt payment of the principal of and
interest on the said:Drain Bonds, and does agree that in the
event the any public corporation assessed shall fail or neglect
to account to the County Treasurer of the County of Oakland for
the amount of any special assessment installment and interest,
when due, then the amount thereof shall be immediately advanced
from County Funds, and the County Treasurer is directed to immedi-
ately make such advancement to the extent necessary.
2. That in the event that, pursuant to said pledge
of full faith and credit, the County of Oakland advances out
of County Funds, all or any part of said installment and interest,
it shall be the duty of the County Treasurer, for an on behalf
of the County of Oakland to take all actions and proceedings
and pursue all remedies permitted or authorized by law for
the reimbursement of such sums so paid.
3. That all resolutions and parts of resolutions
insofar as the same may be in conflict with the provisions
of this resolution be and the same hereby are rescinded.
MR. CHAIRMAN, on behalf of the Planning and Building
Committee, I move the adoption of the foregoing resolution.
PLANNING AND BUILDING COMMITTEE
ADOPTED: Yeas - McConnell, McDonald, Moffitt, Montante, Moxley, Murphy, Olson,
Page, Patterson, Perinoff, Pernick, Peterson, Roth, Simson, Wilcox, Aaron,
Daly, DiGiovanni, Doyon, Fortino, Gabler, Gorsline, Hoot, Kelly, Lanni. (25)
Nays - None. (0)
Absent - Kasper, Price. (2)
STATE OF MICHIGAN )
ss:
COUNTY OF OAKLAND )
I, the undersigned, the duly qualified and acting
County Clerk of the County of Oakland, do hereby certify that
the foregoing is a true and complete copy of a resolution
adopted by a two-thirds vote of the members elect at a regular
meeting of the Oakland County Board of Commissioners, held
on the 20th d ay o f January --
is on file in my office.
1977, the original of which
IN WITNESS WHEREOF, I have hereunto affixed_Tly
official signature this 20th day of January , A.D., 1977.
County Clerk Lynn D. Allen,
tiNll
ARPORTIONVENT
3
F
.—
0
_
A
--___.----
-
_
17F
_
1
—.
1
—
t) M
_—
an
—
).— , I I , , a 3 4 5 4 7 I p,I 9 H I ii n21131405j161U7 I S 1: 20 21 1 22' 23.Z4 I 25 i 26 77 25 ! n I 30 31 \:'„ •'•!.; I
I
i n • 6 I [ II , 1 ' : i i
:I. J.,.....L. 1 DRAINAGE DISTRICT LIMITS.....-°H7
1 44 11,, ! 1 1 ; 1 ',...„.1 1 +1"i +n 1 '" -° . 38 1 1 ISLIP
65
""-Rlr,7/2".',FR IP2.4 r 1 1 , -,..,.,-........to, _.,......_ la '4'' 631 42 41 .40 59! 58 .57 56 55 ! 54 53 I 52, I 51 50 45 4r47 I 45 45 44 I 43 R 44 t 1
ti---..— Al
• ROAD ,:v..Y.._.. ,..._.. j4.---s\ ,,/ ,54- -: •.-- .-7---,..--r-,-r-.. „--r-.--...-/-7.-1---,---, -. -.:-.4-,-,-7-•• • 1 4-1-74T4rj-L.47 44-7. ...
7Z e ‘g2 ri
1 ! I 1 60 FT
10 T. -----\—j 7.1
L 7,-------ic ,
,<,.. 51 ,..,....,3,1 54 95 1 941 .97 98 99100 101 i tO7 103 !6,1 105: 1.06 . 107. [08 .. 105 JOIH/471,i /LT -1-13-7' t7-4 .. ; +1,451
I
1: 50 •rn 1 ---,...,_........_._ ....._,......._ 1
- 0_ --..,.1 , PZ...q/N1//6'W-___......---1 . , I i ' I ! ;
X
'
I I J----H--- I
1
----------,4 1 .: 1-7-4r-'.7-1•-1.---',.--7- -t: I- : h..---1.--.7:-1---• : r,--1-: I i ----t' IJI. 1 ' I 1 : 1 , ,7
I Foc' 7,'--------- - 75
'145. 144 14.i 142 141 140 03 ;135 137 : 1 36 '135'134'133 130 131:130 129 Z.5 . 27 125:i25! i24 . I'l i 1 • III II tl ; 1 ! • ' 1 ,
' I
i i 1 I ;
t_,.,.._, 77 _ , 4 :::...-.7.-..?2.77L-1...=.,..-:._..,..,-' .L.,.„..L-,,_,..L.L.,_„1.__,..j. — .1 : 1 1 _ . •
; ....41440akremb.,, Os tr. . ! ,
50
1.
, , .: _„vv,s,Tcc,„4, 5nN wfrogillitMems agoolh. warwatemaurRoA 0 ••-...',-.4, -. 410016,1064114€1031m61:3, F i
' 1, 1 . - ,1 1 [ • --1 T : •
.: ! ; E ii.• 82 vouTE ',. , • ' , ,„ ,..,2 85 10 /41'1 ,31 1`.. IN '''''` •-•-r :155 1% i157; 158 155 I 60 I&:, 16Z 163 ibli 165 164 W,7 Ice' . . D.t.-tt• X. pp 83 z: .z! " z:,7-,.,' ;:-1 , -.,, -.. '.1- "....., ""---:. ''':.- 5' .; ... 7.,i •,•, .... „! -4' .„, • • 4..• , :_,. , _
4' P 4 -D• '+-n+' :', S. •, 1 ,,. _ ,,,,,* z. ,.. ,... , , _._ ...11
i ..7 = n .n .9 .1 .?, .7
u 17,1
/
1. .. 27 1
CS 1
re 1
li
'ZITI
1(...:1`..•;:,
' 1,4
T - -/4•7 re -1.-- I i. ---1— i .ILA ---
1
1 1 .''''',
1
1 r :',6,'-' 1 I .
1 11. 3 i ef, 1 81 I SO I 83 54 85 1 Z I 1 il ' I , 1 2, 2
''l t .• :, ,, k 11 ° ?:1 4 '41 . _ .
'45
- Si
•
-
70
24,
25
36, 4.4
, L , ASP 25,",
SCALES 300 PEET s======
- n.4. _____
. - .- A.._....elmae4---1A - • - -
'-.
III _ , T,,, -,,z4,.._ . x
\ i'-.7-tr ,',''.:'n . -X-71...n, i 1. .:.1 t.L.13'..m ...
.... tr•-: L. --"- -"--"'- '.',.-----...,: i.:-.,... N.. ..,,,,,...., .:4,... 7?_...!..-,,,.......a
n,.......... j I ' ' IA A ry. ii, . b 1 u 1 ,tef FP-- - _41
CITY OF TROY
COUNTY OF OAKLAND
96.83%
3.17%
100.00%
I 4'
' '''''%1"t:73,s!t
•
;7:!1 .-7..,..1; :_..
`.....6.=±.....ILU!-i' E.'. : r
: 1_ ,,
11
CITY OF TROY
OAKLAND COUNTY, MICHIGAN
$19,439.06
2,499.94
1,200.00
300.00
200.00
500.00
23,135.00
8,000.00
, 1,000.00
700.00
300.00
6,000.00
3,550.00
3,500.00
C78.71
300.00
2,500.00
3,000.00
18,400.00
28,962.23
$345,000.00
QUINN DRAIN
Revised
Estimate of Cost
1. Construction Bid ° $244,774.06
2. Engineer's Design Fee
Resident Engineer
Soil & Material Testing
3. Inspection
4. Publishing
Daily Tribune
Michigan Cont. & Builder
Michigan Investor
5. Staking & Layout
6. Bond Printing
7. Rights-of-Way
8. Bond Counsel
9. Financial Consultant
10. Act 347 Permit
11. Drainage Board Meeting Costs
12. Bond Prospectus
13. C.P.A. for Prospectus
14. Capitalized Interest (8% @ 8 Mos. X $345,000)
15. Contingencies
TOTAL ESTIMATED COST
Prepared by:
James E. Pemberton
Chief Engineer & Deputy
November 29, 1976
REVISED: December 13, 1976
A. Gordon Adams, Jr.
First of Michigan Corporation