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HomeMy WebLinkAboutResolutions - 2011.03.24 - 16672MISCELLANEOUS RESOLUTION #11048 March 9,2011 BY: PLANNING AND BUILDING COMMITTEE, DAVID POTTS, CHAIRPERSON IN RE: WATER RESOURCES COMMISSIONER - REQUEST FOR $150,000 LOAN FROM THE LONG TERM REVOLVING FUND FOR THE DRAYTON PLAINS DRAIN REPAIR PROJECT TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS Chairperson, Ladies and Gentlemen: WHEREAS, the Drayton Plains Drain was established, designed and constructed under the Michigan Drain Code of 1956, MCL 280.1 et seq., as amended ("Drain Code") and is located in Waterford Township; and WHEREAS, the Drayton Plains Drain is in serious need of repair due to flooding that has affected private properties and public roads within the drainage district and vehicular travel on Williams Lake Road; and WHEREAS, the Water Resources Commissioner has prepared an estimated cost to repair the Drayton Plains Drain ("Project") in the amount of $150,000 plus interest attached hereto as Exhibit A; and WHEREAS, the Project consists of constructing approximately 300 lineal feet of 18" dia. concrete pipe and approximately 530 lineal feet of ditch cleanout along the original route of the drain; and WHEREAS, Miscellaneous Resolution #02019, adopted February 21, 2002, established a Long Term Revolving Fund to assist in the financing of infrastructure projects; and WHEREAS, Miscellaneous Resolution #02019 authorized loans up to $150,000; and WHEREAS, in order to pay for the costs associated with the Project, the Drayton Plains Drainage District requests a loan from the Long Term Revolving Fund in the amount of $150,000 plus interest with the understanding that the drainage district agrees to pay back to the County over a period of five (5) years with assessments on properties and municipalities benefiting from the Project. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE COUNTY OF OAKLAND, MICHIGAN, as follows: 1. The County Board of Commissioners hereby authorizes a loan not to exceed $150,000 plus interest from the County's Long Term Revolving Fund to the Drayton Plains Drain Drainage District with an annual interest rate to be determined in accordance with County policy at the time the funds are disbursed for the costs associated with the Project. 2. The loan shall be applied to all costs for the Project including interest and evidenced by an inter-local agreement between the County and the Drayton Plains Drain Drainage District. PLANNING & BUILDING COMMITTEE VOTE: Motion carried unanimously on a roll call vote. 1 3. The proceeds of the loan shall not be disbursed to the drainage district until and only after all proceedings approving the Project as provided in the Drain Code have been completed and the time for contesting the validity of said proceedings, if any, has passed. Disbursal of said funds will occur when the Water Resources Commissioner provides notice to County Treasurer and County Fiscal Services that all necessary drainage proceedings have been completed. 4. The Chairperson is hereby authorized to execute an inter-local agreement between the County and the Drayton Plains Drain Drainage District subject to the approval as to the form by Corporation Counsel. Chairperson, on behalf of the Planning and Building Committee, I move the adoption of the foregoing resolution. PLANNING AND BUILDING COMMITTEE CONTRACT THIS CONTRACT (hereafter, this "Contract") is made and entered into between the COUNTY OF OAKLAND, a Michigan Constitutional and Municipal Corporation, whose address is 1200 North Telegraph Road, Michigan 48341 (hereafter, the "County"), and DRAYTON PLAINS DRAIN DRAINAGE DISTRICT (hereafter, the "Drainage District"). In this Contract, either the County and/or the Lake Board may also be referred to individually as a "Party" or jointly as "Parties." Recitals: WHEREAS, the Drayton Plains Drain was established, designed and constructed under the Michigan Drain Code of 1956, MCL 280.1 et seq., as amended ("Drain Code") and is located in Waterford Township; and, WHEREAS, the Drayton Plains Drain is in serious need of repair due to flooding that has affected private properties and public roads within the drainage district and vehicular travel on Williams Lake Road; and, WHEREAS, the Water Resources Commissioner has prepared an estimated cost to repair the Drayton Plains Drain ("Project") in the amount of $150,000 plus interest attached hereto as Exhibit A; and Page 1 of 5 WHEREAS, the Project consists of constructing approximately 300 lineal feet of 18" diameter, concrete pipe and approximately 530 lineal feet of ditch cleanout along the original route of the drain; and WHEREAS, Miscellaneous Resolution #02019, adopted February 21, 2002, established a Long Term Revolving Fund to assist in the financing of infrastructure projects; and, WHEREAS, Miscellaneous Resolution #02019 authorized loans up to $150,000; and, WHEREAS, in order to pay for the costs associated with the Project, the Drayton Plains Drainage District has requested and the County has agreed to provide an advance from the Long Term Revolving Fund in the amount of $150,000 plus interest with the understanding that the Drainage District agrees to pay back to the County over a period of five (5) years with assessments on properties and municipalities benefiting from the Project: WHEREAS, pursuant to Miscellaneous Resolution # (hereinafter "MR # "), the County Board of Commissioners agrees to advance an amount not to exceed $150,000 to the Drainage District upon the terms and conditions set forth in this Contract. NOW, THEREFORE, pursuant to MR #02019 and MR # , which are incorporated herein, and in consideration of the mutual promises, Page 2 of 5 representations, and agreements set forth in this Contract, and for other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the Parties agree as follows: 1. The County hereby agrees to advance an amount not to exceed $150,000 to the Drainage District in connection with a Project that consists of constructing approximately 300 lineal feet of 18" diameter, concrete pipe and approximately 530 lineal feet of ditch cleanout along the original route of the drain. 2. The amount advanced by the County shall be applied to the allowable costs as authorized for the project as approved by the Drainage District in accordance with Drain Code. 3. The Drainage District shall reimburse the County for all funds advanced including interest, in accordance with the attached Loan Repayment Schedule, with the special assessments levied and collected from the properties within the drainage district established and approved by the Drainage District in accordance with the procedures set forth in the Drain Code. 4. Principal and interest payments are due , with the first payment due on , 2012 and last payment due , 2017, in accordance with the attached repayment schedule. The annual interest rate is %, which is based on the six-month treasury bill rate. Page 3 of 5 5. If any funds raised pursuant to the special assessment district are insufficient to meet the obligation under this contract, the Drainage District shall proceed in accordance with the procedures set forth in the Drain Code to make additional special assessments in order to fulfill its obligations under this contract. 6. If any provision of this contract or the application to any person or circumstance is, to any extent, judicially determined to be invalid or unenforceable, the remainder of the Contract, or the application of the provision to persons or circumstances other than those as to which it is invalid or unenforceable, is not affected and is enforceable, provided the invalid provision does not substantially alter the contract or make execution impractical. FOR AND IN CONSIDERATION of the mutual assurances, promises, acknowledgments, warrants, representations, and agreements set forth in this Contract, and for other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the undersigned hereby execute this Contract on behalf of the Parties, and by doing so legally obligate and bind the Parties to the terms and conditions of this Contract. IN WITNESS WHEREOF, John P. McCulloch, Water Resources Commissioner, hereby accepts and binds the Drayton Plains Drainage District to the terms and conditions of this Contract. Page 4 of 5 DRAYTON PLAINS DRAINAGE DISTRICT DATE: By: John P. McCulloch Oakland County Water Resources Commissioner DATE: IN WITNESS WHEREOF, Michael J. Gingell, Chairperson, Oakland County Board of Commissioners, hereby acknowledges that he has been authorized by a resolution of the Oakland County Board of Commissioners, a copy of which is attached, to execute this Contract on behalf of the Oakland County, and hereby accepts and binds the Oakland County to the terms and conditions of this Contract. COUNTY OF OAKLAND DATE: Michael J. Gingell, Chairperson DATE: Bill Bullard, Jr. County of Oakland Clerk/Register of Deeds Page 5 of 5 $ 1,600.00 2,500.00 3,000.00 13,000.00 3,500.00 23,600.00 114,900.00 9,100.00 26,000.00 $ 150,000.00 $ 15,749.00 $ 165,749.00 Exhibit A Drayton Plains Drain Repair January 25, 2011 A. CONTRACTED SERVICES - CONSTRUCTION As-Needed Contractor's Quotation Estimated Cost to Relocate 8" Water Main Subtotal - Construction B. CONTRACTED SERVICES-PROJECT DEVELOPMENT Consulting Engineer Subtotal - Project Development C. LEGAL & FINANCIAL Bond Counsel Financial Consultant Subtotal - Legal and Financial D. COUNTY SERVICES - PROJECT MANAGEMENT Administration Engineering Right of Way Purchase Costs Appraisals Right of Way Construction Inspection Surveying MDNRE Permit Soil Erosion Review Fee (Inspection Included w/ Construction lnsp) Subtotal - County Services Subtotal (Items A, B, C & D) Contingencies (10% of Construction Cost) Maintenance Fund Deficit TOTAL ESTIMATED PROJECT COST: Interest (estimated 5 year repayment at 4%) TOTAL PROJECT COST INCLUDING INTEREST Prepared by: Glenn R. Appel, P.E. Assistant Chief Engineer $ 79,545.00 $ 11,755.00 $ 91,300.00 Resolution #11048 March 9, 2011 The Chairperson referred the resolution to the Finance Committee. There were no objections. FISCAL NOTE (mISC . #11048) March 24, 2011 BY: FINANCE COMMITTEE, TOM MIDDLETON, CHAIRPERSON IN RE: WATER RESOURCES COMMISSIONER — REQUEST FOR $150,000 LOAN FROM THE LONG TERM REVOLVING FUND FOR THE DRAYTON PLAINS DRAIN REPAIR PROJECT TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS Chairperson, Ladies and Gentlemen: Pursuant to Rule XII-C of this Board, the Finance Committee has reviewed the above referenced resolution and finds: 1. The Drayton Plains Drainage District is requesting a $150,000 loan from the Long-Term Revolving Fund to be used to repair the Drayton Plains Drain. 2. Miscellaneous Resolution No. 02019 authorized that monies be made available for loans to local units for amounts up to $150,000. 3. The Water Resources Commissioner is authorized to compute all the costs and prepare a special assessment roll for all the lands benefited by the Drayton Plains Drain. 4. The drain repair project will be managed by the Drayton Plains Drainage District and full repayment of the loan, with applicable interest, will come from the 5 year special assessment roll approved by the Water Resources Commissioner for this project. 5. Also, MR# 89276 states that an interest rate no less than the prevailing six- month Treasury Bill rate should be charged. The six-month Treasury Bill rate is quite a bit lower than the average interest rate from the Treasurer's pooled investments and therefore the rate to be charged will be the Treasurer's pooled investment average annual rate as of March 2, 2011, which is 1.47%. 6. Funding is currently available in the Long-Term Revolving Fund to issue a loan in the amount of $150,000 to the Drayton Plains Drainage District. 7. No budget amendment is required. FINANCE COMMITTEE FINANCE COMMITTEE Motion carried unanimously on a roll call vote. Resolution #11048 March 24,2011 Moved by Quarles supported by McGillivray the resolutions (with fiscal notes attached) on the Consent Agenda be adopted (with accompanying reports being accepted). AYES: Dwyer, Gershenson, Gingell, Gosselin, Greimel, Hatchett, Hoffman, Jackson, Long, McGillivray, Middleton, Nash, Nuccio, Potts, Quarles, Runestad, Scott, Taub, Weipert, Woodward, Bosnic, Covey, Crawford. (23) NAYS: None. (0) A sufficient majority having voted in favor, the resolutions (with fiscal notes attached) on the Consent Agenda were adopted (with accompanying reports being accepted). I HERE' .`‘( :'ROVE THE FU'EGOING RESOLUT:ON ACTING PURSUANT TO 1973 PA 139 STATE OF MICHIGAN) COUNTY OF OAKLAND) I, Bill Bullard Jr., Clerk of the County of Oakland, do hereby certify that the foregoing resolution is a true and accurate copy of a resolution adopted by the Oakland County Board of Commissioners on March 24, 2011, with the original record thereof now remaining in my office. In Testimony Whereof, I have hereunto set my hand and affixed the seal of the County of Oakland at Pontiac, Michigan this 24th day of March, 2011. Bill Bullard Jr., Oakland County