HomeMy WebLinkAboutResolutions - 1972.03.15 - 15848on Thursday
9:30
presented the following resolution, Mr. Lennon
\
At a regular meeting of the Board of Commissioners of
Oakland County, Michigan, held in the Commissioners' Auditorium
in the County Service Center, in the City of Pontiac, Michigan,
f the 16th day of March
o'clock A.M., Eastern Standard Time.
, 1972, at
PRESENT: Aaron, Barakat, Burley, Coy, Daly, Dearborn, Doyon, Gabler, Hamlin,
Harrison, Houghten, Kasper, Kronenberg, Lennon, Mainland, Mathews, Olson, Paholak,
Patnales, Pernick, Powell, Richardson, Simson, Wilcox. (24)
ABSENT: Horton, Perinoff, Szabo. (3)
Miscellaneous Resolution No. 5958
Recommended by the Board of Public Works
RE: WIXOM SEWAGE DISPOSAL SYSTEM -
EXTENSION NO. 1
4
a copy of which has been sent to each member of the Board of
Commissioners.
RESOLUTION PROPOSED BY OAKLAND COUNTY
BOARD OF PUBLIC WORKS WITH RESPECT TO
WIXOM SEWAGE DISPOSAL SYSTEM - EXTENSION
NO. 1
WHEREAS, the Oakland County Board of Public Works has
submitted to this Board Revised Exhibits B and C setting forth the
revised estimates of the cost and revised schedules of payment of
the cost of the Wixom Sewage Disposal System - Extension No. 1,
which have been approved by the Board of Public Works; and
WHEREAS, the Oakland County Board of Public Works has
approved said Revised Exhibits as revisions of the Contract dated
April 1, 1971, between the County of Oakland and the City of Wixom
for the extension of the Wixom Sewage Disposal System to be known
as the Extension No. 1, and did authorize the Chairman and Secretary
of the Board of Public Works to attach said Revised Exhibits to said
Contract subject to the approval of this Board of Commissioners; and
WHEREAS, based upon the aforesaid revisions a Bond Resolu-
tion will be hereafter adopted by this Board but in the meantime
the City of Wixom has requested the County to issue its notes as
set forth in the Note REsolution approved by the Board of Public
Works and submitted to this Board for approval; and
WHEREAS, the said revisions to the Contract have been
approved by the said municipality.
NOW, THEREFORE, BE IT RESOLVED, that the. said Revised
Exhibits B and C be approved and the County Clerk is hereby autho-
rized to endorse thereon the fact of such approval and return same
to the Board of Public Works.
BE IT FURTHER RESOLVED, that the Chairman and Secretary
of the Board of Public Works be and they are hereby authorized and
directed, on behalf of said County of Oakland, to attach said
Revised Exhibits B and C to the said Contract, dated April 1, 1971,
between the County of Oakland and the City of Wixom as revisions
thereto, which Revised Exhibits read as follows:
ebruary 15, 1072
WIXOM SEWAGE DISPOSAL SYSTEM
EXTENSION NO. 1
ESTIMATE or COST
T. P. Expansion - Stage II and Stage III = $733,550.00
Engineering = 53,200.00
Inspection = 14,700.00
Legal = 6,500.00
Financial = 4,700.00
Administration = 22,000.00
Soil Borings and Ground Water Investigation = 8,000.00
Monit -Thring Wells = 10, 000. 00
Contingency • = 67,350.00
$920, 000. 00
Capitalized Interest @ 4% for,2.years.. (Short Term Notes) = 80,000.00
TOTAL PROJECT COST = $1,000,000.00
I hereby estimate the period of usefulness of this facility to be
fifty (50) years and upwards.
HUBBELL, ROTH & CLARK, INC.
(() cA1-(_-1-(:±4L-
/
jarrie's W. Hubbell, P.E., 4i11661
REVISED
EXHIBIT "B"
PUBLIC WORKS COMMIT,TEE
By
Chairman
---
$ 34,125
33,250
32,375
31,500
30,625
29,750
28,000
26,250
24,500
22,750
21,000
19,250
17,500
15,750
13,125
10,500
7,875
5,250
2,625
-0-
94,125
92,375
90,625
88,875
87,125
85,375
107,750
104,250
100,750
97,250
93,750
90,250
86,750
83,250
103,875
98,625
, 93,375
88,125
82,875
77,625
$406,000 $1,847,000
FcbT-u:-.11y 15, 1 D7/,-
WIXOM SEWAGE DISPOSAL SYSTEM
EXTENSION NO. I
TENTATIVE SCHEDULE OF PRINCIPAL AND INTEREST PAYMENTS
Year
Principal Interest @ 7.0% Total Principal
Due May 1 . Due May 1, Due Nov. 1 and Interest „
197 --- -
1973 --- ---
1974 $ 25,000 $ 35,000
1975 25,000 34,125
1976 25,000 33,250
1977 25,000 32,375
1978 25,000 31,500
1979 25,000 30,625
1980 50,000 29,750
1981 50,000 28,000
1982 50,000 26,250
1983 50,000 24,500
1984 50,000 22,750
1985 50,000 21,000
1986 50,000 19,250
1987 50,000 17,500
1988 75,000 15,750
1989 75,000 13,125
1990 75,000 10,500
1991 75,000 7,875
1992 75,000 5,250
1993 75J 000 2,625
$1,000,000 $441,000
REVISED
EXHIBIT "C"
PUBLIC WORKS COMMITTEE
Bernard F. Lennon, Chairman
-„
moved the adoption of the foregoing ennon Mr.
resolution. The motion was supported by Mr. Gable
A sufficient majority having voted therefor, the resolution
was adopted.
STATE OF MICHIGAN )
)SS:
COUNTY OF OAKLAND )
1, the undersigned, the duly qualified County Clerk of the
County of Oakland, Michigan, do hereby certify that the foregoing is
a true and complete copy of a resolution adopted by the Board of
Commissioners at a regular meeting held on the 16th d ay of
1972,, the original of which is on file in my office
IN WITNESS WHEREOF, I have hereunto affixed my official
March
signature this 16th day of March AD „ I972‘,
Lynn D. Allen, Oakland County Clerk