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Home My WebLink AboutResolutions - 1973.08.23 - 15377EMERSON R. BONN Chief DePut:,- Co,nmi'slioster GEORGE W. KUHN OAKLAND COUNTY DRAIN COMMISSIONER PUSLIO WORKS DFOVE PONTIAC, MICHIGAN 48054 FEDERAL 8-4585 JAMES E. PEMBERTON Deputy oxd Chief Engiveer August 3, 1973 Honorable Board of Commissioners County of Oakland 1200 North Telegraph Road Pontiac, Michigan Subject: HAMILTON RELIEF DRAINS Mr. Chairman, Ladies and Gentlemen: There is submitted to you herewith a certified copy of a resolution adopted by the Drainage Board for the Hamilton Relief Drains authorizing the issuance of Drain Bonds in the aggregate amount of $1,010,000.00 pursuant to the provisions of Chapter 20 of Act No. 40 of the Public Acts of 1956, as amended, and other applicable law. Also submitted to you herewith is a form of proposed resolution for adoption by the Board of Commissioners for the purpose of pledging the full faith and credit of the County of Oakland as secondary security for the payment of said Drain Bonds. The said Drain Bonds are issued in anticipation of the payment by the Township of Avon and the County of Oakland in the aggregate amount of at least equal to the amount of said bonds. The full faith and credit of said public corporations is pledged, by law, to the prompt payment of said assessments and the interest thereon when due. The law further authorizes and obligates said public corporation to levy a tax in an amount sufficient to make said payment (unless other funds are on hand available for said purpose) which tax may be levied without limitation as to rate or amount. The County is entitled, by law, to recover from said public corporations the amount advanced from County funds at any time in fulfillment of the County's secondary pledge of its full faith and credit. Honorable Board of Commissioners August 3, 1973 I / 0,,'77•,KLAND COUNTY DRAIN Subject: HAMILTON RELIEF DRAINS Page 2 It is respectfully requested that the enclosed resolution be adopted for the reasons set forth in the preamble and because the pledge of the County's full faith and credit will result in a material savings in bond interest to be paid. HAMILTON RELIEF DRAINS DRAINAGE BOARD George W,/Kuhn, Chairman aul Kas . Member GWK:es Enclosures Section 474 of said Act No, 40, as 7 \ pz.ov, August 23, 1973 RESGLOTTON NO BY Mr. Walker IN RE: nm-ILToN RELIEF DRAINS TO THE OULAND COUNTY BOARD OF CO=S61.01=3 Mr,' CHAIRMAN, LADIES. AND GENTLENEN: WHEREAS, proceedinus have taken by the Statutory Drainage,Bciard for the construction of the Hamilton Relief Drains under the provisions of Cha-9ter 20 of Act No, 40 of the Public Acts of 1956, as 5nen6d, pli.suecat to a 'petition filed by the Township of Avon on November 20, 1969; and im.f::'JnS, the said hNSirD.DO Poard by resolution adoptod on July 31, 1973, authcri7e0 and provMi7 ,d for the isuanoe of bonds in the aggruato principal of $1,01M000 in anticipation of the collection of an equal am',.7nt of special assc,sEnts ,:::Y_nst the Tc(.71:::in of Avon and the CovIA -Ay of Oak rd, said speial assenc, having ten therefore duly confirm e d by said Drain:;..g Board; and 1:::17.7EA.S, said berh.o ;,.ne to be desdgnated Drain-Bom.7s, are to be dated Nov0.,r 1, 1973, will 1°.:r interest at a rate not exceedir,g 8%, and will be sub cot to prior to maturity in accorc7 with the urovisione of the 'I'TJoIntion; and in part as follows: “If any 04 neglects to to th co1.7,.nty tm curer f:m:: the [nt to any then. tb..E] cot ntry. shall th from .(nty in pl to protect and preserve the public health therefore it is in the '7 (1) If a ny bonds or other :idonce of indebted- ness have 1:-n issued to financ a project, the petition for which was filed W-:ter June 6, 1961 in antici nation of the collecticn Of the installme -Jnt and interest to the proi,risions of this oai.:ter and the beard of supervsors has prviously acted, by a resolution doptod by a 2/3 vote of its mecers elect, to pledcs the full faith and credit of the county for the p):-:!pt 7.rrt of the principal of and interest on the bonds or evidence of indebted- ness, or "(2) If any bonds or other evidence of indebted- ness have been issued to finance a 'oroject, the petition for which was filed prior to June 6, 1961 in anticipation of the collection of the inst117t and interest rursuant to the provisien of this chapter JF.-3, said Drainage Board d.r. it advisable and necessary to obtain from this Board a resolution consenting to the f the full faith and credit of the county on the aforesaid bonds; and T/7-7:111=,,S, the said project is imed3ately necessary the best interest of the County of 0a:kland that said 17 .:nd be sold. NOR , TTuFr'"1,-,,,,-)-7 BE IT Tr7 q07WD BY THE rp,,vTT,Nr. BOARD OF COMMTSFTOrF -0, That pursuant to the authorization provided in Section 474 of Chapter 20 of the Drain Code of 1956, as Oakland County Board of Comisioners does plodi.ge the full faith and credit of the County of Oaklud for the yrr..7.:,t PY:r.nt of the principal of and interest on the said Drain Fonds, anCi does ag r ee that in the event the ownabip of Avon and the Conty of Oakland shall fail or neglect to acceunt to the County Treasurer of the County of Oakl a nd for the of any special a5f -2- t installment and interct, for the Hamilton.. Relief Drains, when due, then the amount thereof s17111 be iliately v:3,(.7v;:nc -.:: from County Funds, and the County Trcasurcr is directd to immediately zeke such advancc- ment 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 Funs, all or any part of said insta117nt and interest, it ej 11 be the • duty of the Count y Treas,urer, for and on behalf of the County of Oakland, to take all actions and promcdilws and purs u e il reedies pomittcA or authorized by law for the reim'Dursement of such FUM7 so paid. . • 3. That all resolutions -74.nd parts of resolutions insofar as the Famc l'Ihv be in conflict with the provisions of this re s olution be and the here by are rescir.,. •ittc,,r1, MR. CHAIRMAN, on b obs If of the Public Works C more the odoption of the foreoing r-e :9olution, PUBLIC WORKS • • Lee Walker the Oakland. County Board of Con:-issicn, ! rular Moved by Walker supported by Burley the resolution be adopted. ADOPTED! Yeas Montante, Nowak, Olson,'Perinoff, Pernick, Quinn, Richardson, Vogt, Walker, Wilcox, Berman, Brotherton, Burley, Button, Coy, Dearborn, Dunleavy, 'Gabler, Hobart, Hoot, Houghten, Kasper, Lennon, Mathews, Moffitt. (25) Navs - None. (0) Absent - Douglas, Potholes. (2) - STATE OF EaCHIGAN ) ) SS! COUNTY OF OAKtAND ) I, the under8i71, the duly qulified. and acting County . Clc,rk O f the County of OakTand r do heroby Certify that the fo :cc is a copy of a resolution ado:ptd. by a 2/3rds vote of tl and held on the 23rd (]:,7,y of Aueust on file in cy office. 1973, the original of which. is IN WITNESS V:=E0F, I hzv:.:: l'..srcunto affixed my official signatl=e this 23rd day of August • 2-1_D, 1973. Cicrk Ye. " $271,171.55 :.449,644.30 $720,815.85 Section No.' 1 Section No. 2 Total Johnson & Anderson, inc. Consulting, Engineers Phone: (313} 334-9901 P.O. Box 1066 2300 Dixie Hhway Pontiac, Michigan 48056 June 7, 1973 Oakland County Drain Commissioner One Public Works Drive Pontiac, Michigan Attention: Mr. George Kuhn, Chairman Drainage Board for the Hamilton Drain Re: Hamilton Drain Bids Ref: J & A File No. 4059-01 Gentlemen: We have completed the review of bids on the Hamilton Drain that were received on June 4, 1973. Seven copies of the bid tabulation covering 13 bids received are enclosed herewith. The bid of Ric-Man Construction, Inc., was the low hid in the amounts as fol- lows: We recommend approval of the Drainage Board and the award of contract to Ric Nan Construction, Inc., in the total amount of $720,815.85. The bid documents and bid bonds of all bidders will be retained in our file until award of contract. A tabulation of bids will be mailed to each bidder as directed by the Chairman of the Drainage Board. Very truly yours, JOHNSON & ANDERSON, INC. William E. McDonald, P.E. District Engineer WEM/RWRipe Enclosures cc: Mt. Pemberton Jim, WES, RWR, OC, File $ 61,417.00 271,171.55 449,644.30 $ 45,526.00 3,000.00 1,000.00 500.00 782,232.85 50,026.00 $ 25,000.00 1,500.00 26,500.00 HAMILTON DRAIN 1. Construction Cost: A. Oakland County D.P.W. (Prior Installation) B. Section No. 1 C. Section No. 2 2. Engineer's Design Fee Resident Engineer Soil Testing Services Soil Borings 3. Inspection Staking a Layout 4. Publishing A. Oakland Press B. Rochester Clarion C. Michigan Contractor & Builder D. Bond Buyer 5. Bond Printing 6. Rights-of-Way (incl. Cost of Negotiators) 7. Bond Attorney 8, Financial Consultant 9. Bond Prospectus 10. Drainage Board Mheting Costs 11, Capitalized Interest (6% x 1 yr. x $1,010,000) 12. Contingencies (5.754%) TOTAL ESTIMATED COST Prepared by: James E. Pemberton Chief Engineer & Deputy July 2, 1973 JEThes 300.15 200.00 100.00 400.00 1,000.15 450.00 22,000.00 6,525.00 5,115.00 400.00 200.00 60,600.00 54,951.00 $1,010,000,00 • • •• • HAMILTON DRAINAGE • DISTFOCT Lif,AITS WALTON BLVD. LJC:ENT Hoot Drain H Aii LTO ,• APPORTIONMENT HAMILTON DRAINAGE Di ST R/ CT LIMITS - // E,NPINA, 000' 1—* 1" . moo° TOWNSHIP OF AVON COUNTY OF OAKLAND 85.9040/ 14. 096 % 100. 000%