HomeMy WebLinkAboutResolutions - 1982.08.26 - 13913August 26th, 1982
Miscellaneous Resolution #82j I
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 Gentiemem
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 THEREFOREEr•E IT RESOLVED that the Board of County Road
Commissioners of the County of Oakland is hereby authorized to borrow a sum
of money not to exceed 54,000,000 to provide funds for the improvement of
county local roads on a special assessment basis, 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. 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
".••• •
this 26th day of 7—) 1982
LEN
County Clerk/Register of Deeds
#82241 August 26, 1982
Moved by Hobart supported by Fortino the resolution be adopted.
AYES: McDonald, Moffitt, Montante, Moore, Olsen, Page, Patterson,
Pernick, Peterson, Price, Whitlock, Wilcox, Aaron, Caddell, Cagney, CaIandro,
DiGiovanni, Doyon, Fortino, Gabler, Geary, Gosling, Hobart, Jackson, Kasper,
Lanni. (26)
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 # 82241 adopted by the Oakland County Board of Commissioners
at their meeting held on August 26, 1982
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