HomeMy WebLinkAboutResolutions - 1981.06.04 - 1483981208 MISCELLANEOUS RESOLUTION NO. June 14, 1931
TITHE FO
B2/b17.
RE: RESOLUTION APPROVING PROJECT PLAN
LEHMAN INVESTMENT CO. SUPERMARKET PROJECT
BY: PUBLIC SERVICES COMMITTEE, JAMES EDWARD LANNI,
CHAIRMAN
TO: THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairman, Ladies and Gentlemen:
WHEREAS, the Economic Development Corporation of the
County of OAKLAND (the "EDC") has recommended that this Board of
Commissioners approve the Project Plan for the Lehman Investment
Co. Supermarket Project, a copy of which is attached hereto as
Exhibit A (the "Project Plan"); and
WHEREAS, on May 13, 1981, the governing body of Oxford
Township, Michigan, approved the Project Plan; and
WHEREAS, on May 21, 1981, this Board of Commissioners
held a public hearing to consider whether the Project Plan consti-
tutes a public purpose as outlined by Act 338, Michigan Public
Acts 1974, as amended (the "Act").
NOW, THEREFORE, BE IT RESOLVED BY THIS BOARD OF COMMIS-
SIONERS OF OAKLAND COUNTY, as follows:
1. The Project Plan, as described in Exhibit A attached
hereto, be and is hereby, determined to constitute a public
purpose as outlined by the Act.
2. The Project Plan be, and is hereby, approved.
3. The EDC be, and is hereby, authorized to take such
steps as are necessary to implement the Project and the financing
thereof by the issuance of revenue bonds or notes.
4. The County Clerk be, and is hereby, directed to
provide four certified copies of this resolution to the Secretary
of the Board of the Corporation.
The Public Services Committee, by James Edward Lanni,
Chairman, moves for adoption of the foregoing resolution.
''PUBLIC 'SERVICES COMMIT
of June
f-•
The following Commissioners voted in favor of the
attached resolution:
Patterson, Peterson, Price, Whitlock, Wilcox, Aaron, Cagney, Doyon,
Fortino, Gabler, Geary, Gosling, Hobart, Jackson, Lanni, Moffitt,
Montante, Moore, Page. (19) .
The following Commissioners voted against the resolu-
tion:
DiGiovanni, Murphy. (2)
The following Commissioners were absent:
Caddell, Kasper, McDonald, Olsen, Perinoff, Pernick. (6)
STATE OF MICHIGAN
) SS.
COUNTY OF OAKLAND
. I hereby certify that the foregoing is a true and
complete copy of the minutes of a regular meeting of the Board of
Commissioners of Oakland County, Michigan held on the 4th day
, 1981, and that the said minutes are on file in the
office of the County Clerk and are available to the public.
Public notice of said meeting was given pursuant to and in com-
pliance with Act No. 267, Public Acts of Michigan, 1976.
LynOVD. Allen
County Clerk
Dated: June 4th , 1981
to
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THE ECONOMIC DEVELOPMENT CORPORATION
OF THE COUNTY OF OAKLAND
PROJECT PLAN
(Lehman Investment Company Supermarket Project)
APPLICANT:
CONTACT:
PROJECT:
Lehman Investment Company, a
Michigan limited partnership
Edwin L. Adler
39 South Main Street
Clarkston, Michigan 48016
(313) 625-0440
Construction of a 9,500 sq. ft.
addition to an existing 18,900
sq. ft. Food Town super-
market.
LOCATION: Oxford Township, Oakland
County, Michigan.
PROJECT AREA: See Exhibit "A" annexed here-
to.
PROJECT EMPLOYMENT:
TOTAL COST:
BONDS:
COST OF COMPLETION:
It is anticipated that the
project will help preserve 30
existing jobs and upon comple-
tion of construction it is
anticipated that 15 new employ-
ees will be employed at the
facility.
$500,000
Not to exceed $500,000
Should the cost of the project
exceed present estimates,
Lehman Investment Company will
pay any further costs of
completion.
This project plan was prepared in accordance with the Eco-
nomic Development Corporations Act, P.A. 338 of Michigan Public
Acts of 1974, as amended. Attached is the requisite information
based on Section 8(4) of the Act.
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2
(A) THE LOCATION AND EXTENT OF EXISTING STREETS AND
OTHER PUBLIC FACILITIES WITHIN THE DEVELOPMENT AREA AND SHALL
DESIGNATE THE LOCATION, CHARACTER, AND EXTENT OF THE CATEGORIES OF
PUBLIC AND PRIVATE LAND USES THEN EXISTING AND PROPOSED FOR THE
PROJECT AREA, INCLUDING RESIDENTIAL, RECREATIONAL, COMMERCIAL,
INDUSTRIAL, EDUCATIONAL, AND OTHER USES AND SHALL INCLUDE A LEGAL
DESCRIPTION OF THE PROJECT AREA.
The applicant, Lehman Investment Company, intends to
.construct a 9,500 sq. ft. addition to the existing 18,900 sq. ft.
Food Town supermarket located at M-24 and Drahner Road in Ox-
ford Township. In addition, it is anticipated that some renova-
tions will be made to the existing market and that approximately
$100,000 of new equipment will be purchased for use in both the
new and existing portions of the supermarket.
The operation of the market will be performed by
Adler's Food Town, Inc. a Michigan corporation and related
company of Lehman Investment Company. Adler's Food Town, Inc.
operates five (5) supermarkets in the Oakland County area with an
average of 30,000 sq. ft. per store.
The project area is currently zoned "C-3" - an appro-
priate zoning for the intended use. There are no existing streets
or other public facilities within the project area. However, the
project is bounded by M-24 on the west and Drahner Road on the
south.
The legal description of the project area is described
in Exhibit A annexed hereto.
(B) A DESCRIPTION OF EXISTING IMPROVEMENTS IN THE
PROJECT AREA TO BE DEMOLISHED, REPAIRED, OR ALTERED, A DESCRIPTION
OF REPAIRS AND ALTERATIONS, AND AN ESTIMATE OF THE TIME REQUIRED
FOR COMPLETION.
There is an existing 18,900 sq. ft. supermarket within
the project area. This exiting store will undergo .a general
remodeling and refurbishing including the installation of a
sprinkler system and re-tiling of the floor. It is anticipated
tha.. all of the renovation work will be completed within 4 months
from the commencement of the work.
(C) THE LOCATION, EXTENT, CHARACTER, AND ESTIMATED
COST OF THE IMPROVEMENTS, INCLUDING REHABILITATION CONTEMPLATED
FOR THE PROJECT AREA AND AN ESTIMATE OF THE TIME REQUIRED FOR
COMPLETION.
The estimated cost for the construction of the addition,
the renovation of the existing supermarket, the purchases of
equipment and issuance costs is approximately $500,000 allocated
as follows:
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Construction and renovations
of buildings
Equipment
Construction interest
Issuance costs
$350,000
100,000
25,000
25,000
$500,000
It is anticipated that all of the proposed construction
and renovation work will be completed within 4 months from the
date of commencement of site preparation.
(D) A STATEMENT OF THE CONSTRUCTION OR STAGES OF
CONSTRUCTION PLANNED, AND THE ESTIMATED TIME OF COMPLETION OF EACH
STAGE.
Construction will be completed in one stage within 4
months from the date of site preparation. .
(E) A DESCRIPTION OF THE PARTS OF THE PROJECT AREA TO
BE LEFT AS OPEN SPACE AND THE USE CONTEMPLATED FOR THE SPACE.
There will not be any "open space" in the project area.
All of the property in the project area will be used for the
supermarket, parking lbt and setbacks.
(F) A DESCRIPTION OF PORTIONS OF THE PROJECT AREA WHICH
THE CORPORATION DESIRES TO SELL, DONATE, EXCHANGE OR LEASE TO OR
FROM THE MUNICIPALITY AND THE PROPOSED TERMS.
None.
(G) A DESCRIPTION OF DESIRED ZONING CHANGES AND CHANGES
IN STREET, STREET LEVELS, INTERSECTIONS AND UTILITIES.
The project will not require any zoning changes or
changes in streets, street levels, intersections or utilities.
(H) A STATEMENT OF THE PROPOSED METHOD OF FINANCING THE
PROJECT AND THE ABILITY OF THE CORPORATION TO ARRANGE THE FINAN-
CING.
Pontiac State Bank has agreed to purchase $500,000 of
revenue bonds to be issued by the Economic Development Corpora-
tion of the County of Oakland in connection with this Project
pursuant to the commitment letter dated March 31, 1981, as amended
by letter dated April 14, 1981, a copy of which is annexed hereto
as Exhibit B.
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4
(I) A LIST OF PERSONS WHO WILL MANAGE OR BE ASSOCIATED
WITH THE MANAGEMENT OF THE PROJECT FOR A PERIOD OF NOT LESS THAN 1
(ONE) YEAR FROM THE DATE OF APPROVAL OF THE PROJECT PLAN.
Edwin L. Adler
Vice President
Adler's Food Town, Inc.
39 S. Main Street
Clarkston, Michigan 46016
(313) 625-0440
(J) DESIGNATION OF THE PERSON OR PERSONS, NATURAL OR
CORPORATE, TO WHOM THE PROJECT IS TO BE LEASED, SOLD OR CONVEYED
AND FOR WHOSE BENEFIT THE PROJECT IS BEING UNDERTAKEN IF THAT
INFORMATION IS AVAILABLE TO THE CORPORATION.
Lehman Investment Company will lease the project to
Adler's Food Town, Inc., the company which will operate the super-
market.
(K) IF THERE IS NOT AN EXPRESS OR IMPLIED AGREEMENT
BETWEEN THE CORPORATION AND PERSONS, NATURAL OR CORPORATE, THAT
THE PROJECT WILL BE LEASED, SOLD, OR CONVEYED TO THOSE PERSONS,
THE PROCEDURES FOR BIDDING FOR THE LEASING, PURCHASING OR CONVEY -
ING OF THE PROJECT UPON ITS COMPLETION.
Does not apply.
(L) ESTIMATES OF THE NT.EEER OF PERSONS RESIDING IN THE
PROJECT AREA AND THE NUYEER OF FAMILIES AND INDIYIDUALS TO BE
DISPLACED. IF OCCUPIED RESIDEN.7ES ARE DESIGNATED FOR ACQUISITION
AND CLEARANCE BY THE CORPORATION, A PROJECT PLAN SHALL INCLUDE A
SURVEY OF THE FAMILIES AND INDIVIDUALS TO BE DISPLACED, INCLUDING
THEIR INCOME AND RACIAL COMPOSITION, A STATISTICAL DESCRIPTION OF
SUPPLY IN THE COMMUNITY, INCLUDING THE NUMBER OF PRIVATE AND
PUBLIC UNITS IN EXISTENCE OP UNDER CONSTRUCTION, THE CONDITION OF
THOSE IN EXISTENCE, THE N!FIE. OF OWNER-OCCUPIED AND RENTER-OCCU--
PIED UNITS, THE ANNUAL RATE OF TURNOVER OF THE VARIOUS TYPES OF
HOUSING AND THE RANGE OF PoEiTS AND SALF PRICES, AND ESTIMATE OF
THE TOTAL DEMANDS FOR HOUSING IN THE CO!!MUNITY, AND THE ESTIMATED
CAPACITY OF PRIVATE AND PUBLIC HOUSING AVAILABLE -TO. DISPLACED
FAMILIES AND INDIVIDUALS.
There are no persons residing in the Project Area, no
families or individuals will be displaced and no occupied resi-
dences are designated for acquisition and clearance.
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5 .11=111.
(M) A PLAN FOR ESTABLISHING PRIORITY FOR THE RELOCATION
OF PERSONS DISPLACED BY THE PROJECT IN NEW HOUSING IN THE PROJECT
AREA.
Does not apply.
(N) PROVISION FOR THE COSTS OF RELOCATING PERSONS
DISPLACED BY THE PROJECT AND FINANCIAL ASSISTANCE AND REIMBURSE-
MENT OR EXPENSES, INCLUDING LITIGATION EXPENSES AND EXPENSES
INCIDENT TO THE TRANSFER OF TITLE, IN ACCORDANCE WITH THE STAN-
DARDS AND PROVISIONS OF THE FEDERAL UNIFORM RELOCATION ASSISTANCE
AND REAL PROPERTY ACQUISITION POLICIES ACT OF 1970, 42 U.S.C. 4601
TO 4655.
Does not apply.
(0) A PLAN FOR COMPLIANCE WITH ACT NO. 227 OF THE
PUBLIC ACTS OF 1972, BEING SECTIONS 213.321 TO 213.322 OF THE
MICHIGAN COMPILED TWS.
Does not apply.
(P) OTHER MATERIAL 25,..S THE CORPORATION, LOCAL PUBLIC
AGENCY, OR GOVERNING BODY CONSIDERS PERTINENT.
The Project will not have the effect of transferring
employment of more than 20 full-time persons from a municipality
of this state to Oxford Township, Michigan, the municipality where
the Project will be located.
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EXHIBIT A
Lots 1 and 2 of Berns and Olive's Oxford Acres, being a
subdivision of a part of the S.W. 1/4 of Section 26, T.5N,
R.10E., Oxford Township, Oakland County, Michigan, according
to a plat thereof as recorded in Liber 19, Page 2 Oakland
County Records.
„ . . .
...,.... .
..
AMOUNT:
RATE:
Real Estate - 20 years with successive
5 year call provisions at the sole
discretion of Pontiac State Bank
beginning 5 years from purchase of bonds.
Equipment - 7 years. .
TERM:
• NON-REFUNDABLE 1% of face amount of the Bonds at the
COMMITMENT time of acceptance of Pontiac State
FEE: tank's commitment to purchase the bonds.
.......... . , .......... ............ .. .... .
.....
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-
- _ . ......
. .......
Exhibit B
PONTIAC STATE: aANK
PONTIAC, MICHIGAN •
V1LLIAM J. FLURY
March 31, 1981
L6hman Investment Company
A Michigan Limited Partnership
39 S. Main St.
Clarkston, MI 48016
Re: Oakland County
EDC Bond Purchase
Attention: Margaret L. Roth and Edwin L. Adler
Listed below are the general terms and conditions by which Pontiac
. State Bank (hereinafter called "Bank") will commit to purchase
the EDC Bonds to be issued by The County of Oakland for the
Lehman Investment Company project.
VICE PRES IDENT
Real Estate - $400,000 subject to a
minimum Pontiac State Bank appraisal of
$697,400 on land and building.
Equipment - $100,000 subject to equip-
ment invoices of like amount.
'75% of PontiacState Bank's prime lending -
rate to be adjusted as changes in Pontiac
State Bank's prime lending rate occur
from time to time. Minimum rate to be -.
'charged at any time during the life -of
the bonds to be 9)-,%. Note: Rate will
.revert to prime plus 2% in the event
that the bonds are deemed taxable by
aby authority of competent jurisdiction
and in addition shall become fully due
and payable upon demand.
. • • •
- .
day of June 8 1
(2c
L LEN
4th this
#81208 June 4, 1981
Moved by Lanni supported by Jackson the resolution be adopted.
AYES: Patterson, Peterson, Price, Whitlock, Wilcox, Aaron, Cagney, Doyon, Fortino,
Gabler, Geary, Gosling, Hobart, Jackson, Lanni, Moffitt, Montante, Moore, Page. (19)
NAYS: DiGiovanni, Murphy. (2)
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 1181208 adopted by the Oakland County Board of Commissioners
at their meeting held on June 4, 1981
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, 1 have hereunto set my hand and affixed the
seal of said County at Pontiac, Michigan
Coup Clerk/Register of Deeds