HomeMy WebLinkAboutResolutions - 1975.05.22 - 14789.!
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May 22, 1975
RESOLUTION NO.
RE: LEASE-BACK WITH BUILDING AUTHORITY
MEDICAL CARE FACILITY
BY: PLANNING AND BUILDING COMMITTEE
TO: THE OAKLAND COUNTY BOARD OF COMMISSIONERS
MR. CHAIRMAN, LADIES AND GENTLEMEN:
WHEREAS, the County of Oakland intends to enter into a
Contract of Lease-Back with the Oakland County Building Authority
with respect to the acquisition and financing of a Medical Care
Facility which will be leased to the County of Oakland; and
WHEREAS, it is necessary to publish a notice of such
intention and to allow a 45-day period for the filing of a petition
for referendum requesting an election on the Contract of Lease-Back.
NOW THEREFORE BE IT RESOLVED that the County Clerk is hereby
authorized and directed to cause the following notice to be published
and prominently displayed once in the Oakland Press and the Daily
Tribune, to-wit:
COUNTY OF OAKLAND
STATE OF MICHIGAN
NOTICE OF INTENTION OF THE COUNTY OF OAKLAND TO
ENTER INTO A CONTRACT OF LEASE-BACK WITH THE
OAKLAND COUNTY BUILDING AUTHORITY AND NOTICE
OF RIGHT TC PETITION FOR REFERENDUM THEREON
TO ALL ELECTORS AND TAXPAYERS
OF THE COUNTY OF OAKLAND:
NOTICE IS HEREBY GIVEN, that the Board of Commissioners of
the County of Oakland, Michigan, intends to authorize the execution
of a full faith and credit general obligation Contract of Lease-Back
between the County of Oakland and the Oakland County Building Authority.
The Contract of Lease-Back will provide, among other things, for the
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leasing by the County of Oakland to the Oakland County Building
Authority of land described as:
Part of the Northeast Quarter of Section
24, Town 3 North, Range 9 East, Waterford
Township, Oakland County, Michigan, des-
cribed under Oakland County Service Center
co-ordinate base system as beginning at a
point located North 89 ° 45' 16" West 800.15
feet along the East and West quarter line
of said Section 24 and North 00 0' 18" West
1146.57 feet from the East Quarter corner
of said Section 24, said point of begin-
ning being County Service Center co-
ordinates North 1150.00 and West 800.00;
thence from said Point of beginning due
West 250.00 feet to co-ordinate point
North 1150.00 and West 1050.00; thence
North 45° 0' 0" West 212.13 feet to co-
ordinate point North 1300.00 and West
1200.00; thence due North 200,00 feet
to co-ordinate point North 1500.00 and
West 1200,00; thence due East 400.00
feet to co-ordinate point North 1500.00
and West 800.00; thence due South 350.00
feet to the point of beginning North
1150.00 and West 800.00. All bearings
based on Oakland County Service Center
base lines and containing 2.956 acres,
for the designing, acquiring, construction, equipping, and fur-
nishing of a Medical Care Facility thereon by the Oakland County
Building Authority, and for the lease-back of the land and Medical
Care Facility by the Oakland County Building Authority to the
County of Oakland. The Contract of Lease-Back will further pro-
vide that the Oakland County Building Authority will finance the
designing, acquiring, constructing, equipping and furnishing of
the Medical Care Facility by the issuance of Building Authority
Bonds pursuant to the provisions of Act 31 of the Public Acts of
Michigan, 1948 (First Extra Session), as amended, in anticipation
of the receipt of case rental payments to be made by the County
of Oakland to the Oakland County Building Authority pursuant to
the Contract of Lease-Back. The maximum amount of bonds to be
issued is $3,200,000.
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FULL FAITH AND CREDIT AND
TAXING POWER OF THE COUNTY
OF OAKLAND WILL BE PLEDGED
NOTICE IS FURTHER GIVEN, that in the Contract of Lease-
Back the Coun:,y of Oakland will obligate itself to make cash
rental payments to the Oakland County Building Authority in amounts
sufficient to pay the principal of and interest on the bonds to be
issued by the Oakland County Building Authority and that the full
faith and credit of the County of Oakland will be pledged for the
making of the cash rental payments. Pursuant to the pledge of its
full faith and credit the County of Oakland will be obligated to
levy such ad valorem taxes upon all taxable property in the County
of Oakland, without limitation as to rate or amount, as shall be
necessary to make such cash rental payments. In addition to its
obligation to make cash rental paymentsthe County of Oakland will,
in the Contract of Lease-Back, agree to pay all costs and expenses
of operation and maintenance of the land and Medical Care Facility
and all expenses of the Authority incidental to the issuance and
payment of the bonds to the extent such expenses are not payable
from the proceeds of the bonds.
RIGHT TO PETITION FOR REFERENDUM
NOTICE IS FURTHER GIVEN, that this notice is given to and for
the benefit of the electors and taxpayers of the County of Oakland,
in order to inform them of the intention of the County of Oakland
to enter into the above described Contract of Lease-Back and also
to inform them of their right to petition for a referendum upon
the question of entering into such a Contract of Lease-Back without
a vote of the electors thereon but the Contract of Lease-Back shall
not become effective until 45 days after publication of this notice.
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I.-
faeAt,/
D. Allen
Oakland County Clerk
, 1975.
If, within the said 45-day period a petition for referendum re-
questing an election on the Contract of Lease-Back, signed by not
less than 10% or 15,000 of the registerd electors of the County of
Oakland, whichever is less, has been filed with the Oakland County
Clerz. the Contract of Lease-Back shall not become effective unless
approved by a majority of the electors of the County of Oakland
voting thereon at a general or special election.
This notice is given by order of the Oakland County Board
of Commissioners pursuant to Act 31 of the Public Acts of Michigan,
1948 (First Extra Session), as amended. Further information may
be secured at the office of the undersigned Oakland County Clerk,
4- Dated:,..) -341
Chairman
PLANNINOW BUILDING COMMITTEE
OL4,41-0.1L--
HER,' APPlir;j1ip FOREGOA1G RESOLUTION
,./././ .0()
Patrick M.
T. M e.••
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11.
BE IT FURTHER RESOLVED that it is hereby found and determined
that the Oakland Press or Daily Tribune 15 the newspaper reaching
the largest number of electors and taxpayers of the County of
Oakland.
BE IT FURTHER RESOLVED that it is hereby determined that
the aforesaid notice provides information sufficient to adequately
inform the electors and taxpayers of the County of Oakland of the
nature of the contractual obligations to be assumed by the County
of Oakland and of their right to file a petition for referendum
requesting an election on the Contract of Lease-Back.
The Planning and Building Committee, by Mr. Patrick M.
Nowak, Chairman, moves the adoption of the foregoing resolution.
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16,
#7129
Moved by Nowak supported by Roth the resolution be adopted.
AYES: Price, Roth, Simmons, Wilson, Aaron, Button, Coy, Dearborn, Douglas,
Dunleavy, Fortino, Gabler, Hoot, Houghten, Kasper, Lennon, McDonald, Moffitt,
Montarite, Nowak, Olson, Patterson, Perinoff, Pernick. (24)
NAYS: None. (0)
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
Resolution #7129 adopted by the Oakland County Board of Commissioners
at their meeting held on May 22, 1975
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 22nd May IQ 75 day of
Lynn D. Allen Clerk
By Deputy Clerk