HomeMy WebLinkAboutResolutions - 1975.07.23 - 14658RESOLUTION NO.72Q9 -
BY: PLANNING AND BUILDING COMMITTEE - Patrick M. Nowak, Chairman
IN RE: MONTANTE DRAIN
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
July 23, 1975
MR. CHAIRMAN, LADIES AND GENTLEMEN:
WHEREAS, proceedings have been taken by the Statutory
Drainage Board for the construction of the Montante 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 on February 7, 1973; and
WHEREAS, the said Drainage Board by resolution adopted on
July 9, 1975, authorized and provided for the issuance of bonds in
the aggregate principal amount of $165,000 in anticipation of the
collection of an equal amount of special assessments against the
Township of Commerce, the Township of West Bloomfield and the
County of Oakland, said special assessments having been duly con-
firmed by said Drainage Board; and
WHEREAS, said bonds are to be designated Drain Bonds, are
to be dated November 1, 1975, will bear interest at a rate not ex-
ceeding 10% and will be subject to redemption prior to maturity in
accordance with the provisions of the bond resolution; and
WHEREAS, said Drainage Board deems it advisable and neces-
sary to obtain from this Board a resolution consenting to the pledge
of the full faith and credit of the county on the aforesaid bonds;
and
WHEREAS, the said drainage project is immediately necessary
to protect and preserve the public health and therefore it is in the
best interest of the County of Oakland that: said bonds be sold.
NOW, THERELRE, BE IT RESOLVED BY THE OAKLAND COUNTY BOARD
OF COMMISSIONERS:
1. 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 Township of Commerce, the Township of West
Bloomfield or the County of Oakland 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 for the Montante
Drain, when due, then the amount thereof shall be immediately advanc-
ed 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 and 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 Com-
mittee, I move the adoption of the foregoing resolution.
PLANNING AUT) BUILDING CONrITTEE
July signature this 23rd day of ,A.D. 1975.
ADOPTED: Yeas -- Wilson, Aaron, Button, Coy, Daly, Dunleavy, Fortino, Gabler,
Hoot, Houghten, Lennon, McDonald, Moffitt, Montante, Nowak, Page, Patterson; Perinoff,
Pernick, Price, Roth, Simmons, Wilcox. (23)
Nays - Douglas, Olson. (2)
Absent - Dearborn, Kasper. (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 23rd day of July , 1975,
the original of which is on file in my office.
IN WITNESS WHEREOF, I have hereunto affixed my official
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I Lynn D. Al len .