HomeMy WebLinkAboutResolutions - 1975.08.07 - 14455Miscellaneous Resolution 7229 August 7, 1975
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BY: GENERAL GOVERNMENT COMMITTEE - Henry W. Hoot, Chairman
IN RE: SUPPORT OF H. B. 5097 ALLOWING COUNTIES TO PURCHASE
LAND ON LAND CONTRACTS OR ON INSTALLMENT
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr, Chairman, Ladies and Gentlemen:
WHEREAS H. B. 5097 would amend the MuniCipal Finance Act to allow counties to
purchase land on land contract or on installment not to exceed 20 years, with the outstanding
balance not to exceed 1-1/4% of the equalized assessed valuation of the county; and
WHEREAS your Committee recommends support of H. B. 5097 as being in the best
interests of the County.
NOW THEREFORE BE IT RESOLVED that the County of Oakland hereby supports
H. B. 5097 and so recommends to the County Legislators.
BE IT FURTHER RESOLVED that certified copies of the foregoing resolution be
forwarded to the County's Legislators and County Legislative Agent.
The General Government Committee, by Henry W. Hoot, Chairman, moves the
adoption of the foregoing resolution.
GENERAL GOVERNMENT COMMITTEE
#7229 August 7, 1975
Moved by Hoot supported by Daly the resolution be referred back to the
General Government Committee.
There were no objections.