HomeMy WebLinkAboutResolutions - 1990.02.22 - 16710DATE: MISCELLANEOUS RESOLUTION NO. 90041 February 22, 1990
BY: PUBLIC SERVICES COMMITTEE - RICHARD D. KUHN, JR., CHAIRPERSON
IN RE: COMMUNITY DEVELOPMENT DIVISION - PROPOSED RESOLUTION TO TRANSFER COMMERCIAL
ASSISTANCE PROGRAM FUNDS (CAP)
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS Oakland County has been a recipient of Community Development Block
Grant funds from the U.S. Department of Housing and Urban Development since 1974
and has operated a residential rehabilitation program since 1976; and
WHEREAS the County of Oakland by Miscellaneous Resolution #82283 of
September 21, 1982 adopted the basic concept of utilizing Community Development
Block Grant funds to leverage private financial resources for the rehabilitation of
residential and commercial property; and
WHEREAS the County of Oakland by Miscellaneous Resolutions #85158 of May
23, 1985, #86037 of February 27, 1986 and #87228 of September 3, 1987 designated
communities and funding allocations for the Commercial Assistance Programs; and
WHEREAS the County of Oakland by Resolution #85118 of April 18, 1985
approved general criteria and procedures for the recapture and reallocation of
unused CAP funds which reallocation procedure was modified by Resolution #88141 of
May 26, 1988; and
WHEREAS in accordance with the provisions of Miscellaneous Resolution
#88141 regarding the criteria and procedure to reallocate the recaptured CAP funds,
the Oakland County Community Development Division established the Oakland County
Commercial Assistance Program (CAP) Loan Pool; and
WHEREAS the Oakland County Community Development Division has determined an
excessive uncommitted fund balance in the Commercial Assistance Program Loan Pool
based on prior year's activities as reflected in Attachment A; and
WHEREAS the Oakland County Community Development Division has experienced a
decrease in HUD's allocation ($127,000.00), decrease in program income ($30,145.00)
and a net increase in administrative costs ($42,855.00) totalling $200,000.00 for
funding the 1990-91 program year; and
RECAP1-90(9)
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WHEREAS the Oakland County Community Development Division recommends the
transfer of $200,000.00 from the 1985 CAP Loan Pool to the 1985 Oakland County Home
Improvement Program Account for the purpose of maintaining the same program funding
level for program year 1990-91 as it is for the current program year for the 49
participating communities and the Home Improvement Program; and
WHEREAS the Oakland County Community Development Citizens Advisory Council,
by a vote of 11-0, recommends approval of the transfer of $200,000.00 of 1985
Oakland County Commercial Assistance Program Loan Pool funds to the 1985 Oakland
County Home Improvement Program Account for the purpose of maintaining the same
funding level for the 49 participating communities and the Home Improvement program
for program year 1990-91 as it is for 1989-90.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners
hereby authorizes the transfer of $200,000.00 of 1985 Commercial Assistance Program
Funds to the 1985 Oakland County Home Improvement Program Account for the purpose
of providing the same level of funding for the 49 participating communities and the
home improvement program for program year 1990-91 as it is for 1989-90.
Mr. Chairperson, on behalf of the Public Services Committee, I move the
adoption of the foregoing resolution.
Richard D. Kuhn, Jr., Chairperson
COUNTY
OAKLAND CNTY
LOAN POOL
TOTALS
34,612.63
$ 129,017.65
1986
243.262.98
$ 350,000.00
8,650.31 200,000.00
$ 20,982 35 $200,000.00
ATTACHMFT A COMMERCIAL ASSISTANCE PROGRAM
SYNOPSIS OF FINANCIAL ACTIVITIES
1985
COMMUNITY
UNCOMMITTED
ALLOCATION DISBURSEMENTS COMMITMENTS BALANCE
CITIES
BERKLEY $ 10,830.00 $ 10,830.00 $ -0- $ -0 -
FERNDALE 9,916.00 9,916.00 -0- -0-
OAK PARK 3,521.25 3,52125 -0- -0-
WALLED LAKE 17,531.00 5,199.00 12,332.00 -0-
TOWNSHIPS
INDEPENDENCE 7,827.84 7,827.84 -0- -0-
SPRINGFIELD 3.243.84 3.243.84 -0- -0-
VILLAGES
BEVERLY HILLS 10.830.00 10.830.00 -0- -0-
HOLLY 20.930.37 20,930.37 -0- -0-
MILFORD 4.988.00 4988.00 -0- -0-
ORTONVILLE 10.021.60 10.021.60 -0- -0-
OXFORD 7,097.12 7.097.12 -0- -0-
CITIES
BERKLEY $ 36,936.00 $ 36,936.00 $ -0- -0-
FARMINGTON 6,381.95 6.381.95 -0- -0-
OAK PARK 4.693.75 4,693.75 -0- -0-
ROCHESTER 70.724.00 69.330.00 1,394.00 -0-
ROCHESTER HILLS 12.820.00 7.251.35 5,568.65 -0-
TOWNSHIPS
VILLAGES
BEVERLY HILLS 5,117.00 5.117.00 -0- -0-
COUNTY
OAKLAND CNTY
LOAN POOL 213,327.30 -0- 89,994.31 123.332.99
TOTALS $ 350,000.00 $ 129.710.05 $ 96,956.96 $123,332.99
EFFECT OF PROPOSED RESOLUTION
ON COMMERCIAL ASSISTANCE PROGRAM
$200,000.00
123.332.99
$323,332.99
1985 UNCOMMITTED BALANCE
1986 UNCOMMITTED BALANCE
TOTAL UNCOMMITTED CAP FUNDS
AS OF FEBRUARY 1, 1990
LESS PROPOSED TRANSFER OF
1985 CAP FUNDS TO HOME
IMPROVEMENT PROGRAM
BALANCE OF UNCOMMITTED CAP
FUNDS
(200.000 00)
$123,332.99
COMASS PRO
PrAL/bhg. (2/1190
ynr.14D. Allen, County Clerk
Resolution # 90041 Feb. 22, 1990
Moved by Richard Kuhn supported by Susan Kuhn the resolution be adopted.
AYES: Jensen, Johnson, R. Kuhn, S. Kuhn, Law, Luxon, McConnell, McCulloch,
Moffitt, Oaks, Olsen, Pappageorge, Pernick, Price, Rewold, Skarritt, Wolf, Aaron,
Caddell, Chester, Crake, Gosling, Huntoon. (23)
NAYS: None. (0)
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, 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 February 22, 1990
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 22nd day) F4,cgy ,,,t7 1990