HomeMy WebLinkAboutResolutions - 1972.03.15 - 15846REPORT
By Mr. Olson
IN RE: LOAN TO BOARD OF COUNTY ROAD COMMISSIONERS - RESOLUTION #5949
To the Oakland County Board of Commissioners
Mr. Chairman, Ladies and Gentlemen:
Transportation and Aviation Committee,
by Mr. Niles E. Olson , Chairman, reports Miscellaneous
Resolution No. 5949 with the recommendation that the resolution
be adopted.
The
Miscellaneous Resolution 5949 March 2, 1972
BY TRANSPORTATION & AVIATION COMMITTEE - Niles E. Olson, Chairman
IN RE: LOAN TO BOARD OF COUNTY ROAD COMMISSIONERS
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairman, Ladies and Gentlemen:
WHEREAS, the Financial Budget for 1972, as adopted by this Board, contains the
following commitment;
"In the light of discussions with the Road Commission and review of
expected increases in weight and gas tax revenue to that agency,
your Committee has recommended no appropriation to the Road
Commission for 1972. However, in view of the importance of the
County Road Program and the vital need to insure availability of
funds to match State and Federal funds available to Oakland County
during 1972, your Committee strongly urges and recommends that in
the event the expected increases in road revenues are unduly delayed
or are not available within the current fiscal year, this Commission,
at that time consider and approve an advance on a loan basis to the
Road Commission in the amount needed up to $700,000. The cooperation
of the Road Commission in this matter is commended by your Committee. ";
and
WHEREAS, it has now become apparent that the proposed Transportation Package, which
would have provided the expected increase in road revenues as referred to above, will not pass
the Legislature in time to provide the $700,000 in 1972; and
WHEREAS the Board of County Road Commissioners has, by Resolution dated February 22,
1972, requested this Board to approve the above referred to loan and the terms and conditions
thereof, at this time in order that the said Board of County Road Commissioners may enter into
the necessary contractual obligations to assure the construction of the 1972 road construction
program;
NOW THEREFORE BE IT RESOLVED that this Board hereby authorizes and approves an
advance of $700,000 on a loan basis to the Road Commission.
BE IT FURTHER RESOLVED that the Board of Auditors are authorized and directed to
make the said sum of $700,000 available for transfer to the County Road Fund no later than
September 1, 1972.
BE IT FURTHER RESOLVED that the Board of Auditors are further authorized and directed
to transfer all or any part of the said sum of $700,000 to the County Road Fund at any time after
September 1, 1972, upon the written request of the Board of County Road Commissioners; and
BE IT FURTHER RESOLVED that the Board of County Road Commissioners shall not
be obligated to reimburse the County for any of the $700,000 so advanced until legislation
is enacted in the 1972 legislative session which would provide additional funds to the Road
Commission. In the event such legislation is enacted, the Board of County Road Commissioners
will be obligated to reimburse the County for any sums transferred hereunder, without
interest.
BE IT FURTHER RESOLVED that in the event no legislation is enacted in the 1972
legislative session, the Board of County Road Commissioners shall repay the sum of $700,000
to the County on or before December 31, 1977.
The Transportation & Aviation Committee, by Niles E. Olson, Chairman, moves the
adoption of the foregoing resolution.
TRANSPORTATION & AVIATION COMMITTEE
lies E. Olson, Chairman
March 16, 1972 REPORT
BY: FINANCE COMMITTEE - Fred D. Houghten, Vice Chairman
IN RE: MISC. RES. #5949 - LOAN TO BOARD OF COUNTY
ROAD COMMISSIONERS
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairman, Ladies and Gentlemen:
Pursuant to Rule 11,c of this Board, the Finance Committee finds
the sum of $700,000 available in the General Fund for this purpose.
FINANCE COMMITTEE
Fred D. HoughtenW
#5949
Moved by Olson supgorted by Daly: that- Resolution #5949 be adopted.-
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
Resolution #9949 adopted by the Oakland County Board of Commissioners
at their March 16, 1972 meeting
• 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, 1 . have 11.?.reunto-set my hand and
affixed the seal of said County at Pontiac, Michigan
this • 17th day of March
Lynn D. Allen Clerk
By ..... .... ..... . ..... ........... ........ Deputy Clerk