HomeMy WebLinkAboutResolutions - 1989.07.20 - 17003Miscellaneous Resolution # 89160 June 29, 1989
BY: PLANNING & BUILDING COMMITTEE, Anne M. Hobart, Chairperson
IN RE: DRAIN COMMISSIONER-
RESOLUTION TO AUTHORIZE THE ISSUANCE OF
OAKLAND COUNTY EVERGREEN FARMINGTON SEWAGE
DISPOSAL SYSTEMS, FARMINGTON HILLS--SOUTHFIELD
SEGMENT I BONDS
TO: THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS, this Board of Commissioners has established,
under and pursuant to the provisions of Act 342, Public Acts of
Michigan, 1939, as amended '(Act 342), systems of sewage disposal
facilities designated as the Evergreen and FaLwington Sewage
Disposal Systems and has approved the Evergreen and Farmington
Sewage Disposal Systems, Pollution Control Facilities, Southfield
and Farmington Hills Contract dated as of March 1, 1988, between
the County of Oakland (the "County"), by and through the County
Drain Commissioner, and the City of Southfield and the City of
FaLlitington Hills (collectively, the "Cities"); and
WHEREAS, it now is necessary for the County and the
Cities to approve and adopt a Project Exhibit "A," Project
Exhibit "B" and Project Exhibit "C" to the Evergreen and
FaLmington Sewage Disposal Systems, Pollution Control Facilities,
Southfield and Farmington Hills Contract for the purpose of
proceeding with a portion of Segment I of the entire project
described in the Evergreen and Farmington Sewage Disposal
Systems, Pollution Control Facilities, Southfield and Farmington
Hills Contract, which current project is described in said
Project Exhibits "A," "B" and "C" (the Evergreen and Farmington
Sewage Disposal Systems, Pollution Control Facilities, Southfield
and Farmington Hills Contract and Project Exhibits "A," "B" and
are, collectively, the "Contract"); and
WHEREAS, the Cities have approved and adopted Project
Exhibits "A," "B" and "C"; and
WHEREAS, the Contract provides for the issuance of bonds
by the County to defray part of the cost of acquiring and
constructing part of Segment I of the Evergreen and Farmington
Sewage Disposal Systems Pollution Control Facilities, said bonds
to be secured by the contractual obligation of the Cities to pay
to the County their respective shares of amounts sufficient to
pay the principal of and interest on the hereinafter authorized
bonds and to pay their respective shares of such paying agent
fees and other expenses as may be incurred on account of said
bonds.
THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF OAKLAND COUNTY, MICHIGAN, as follows:
1. APPROVAL OF PROJECT EXHIBITS. The Board of
Commissioners hereby approves and adopts the Project Exhibit "A,"
the Project Exhibit "B" and the Project Exhibit "C," each dated
as of May 23, 1989, describing a current part of the entire
project described in the Contract, which current project is
designated Segment I and which Project Exhibits set forth the
location, size and estimates of cost and shares of cost and
payment thereof relative to the current project. In all respects
the Contract shall continue in full force and effect, as executed
and delivered heretofore by each of the Cities and the County,
pertaining to this current project and the entire project as
described in the Contract including entire Segments I and II.
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2. ENDORSEMENT ON PROJECT EXHIBITS. The County Drain
Commissioner, as County Agency, is hereby authorized and directed
to endorse approval on the Project Exhibits as parts of the
Contract in the name and on behalf of the County, in as many
counterparts as may be deemed necessary.
3. AUTHORIZATION OF BONDS -- PURPOSE. Subsequent to
execution of the Contract by the parties thereto, bonds of the
County, aggregating the principal sum of Nine Million Three
Hundred Thousand Dollars ($9,300,000) shall be issued and sold
pursuant to the provisions of Act 342, and other applicable
statutory provisions, for the purpose of defraying part of the
cost of acquiring and constructing part of Segment I of the
Evergreen and FaLmington Sewage Disposal Systems Pollution
Control Facilities pursuant to the provisions of the Contract.
4. BOND DETAILS. The bonds shall be designated
"Oakland County Evergreen Farmington Sewage Disposal Systems,
Farmington Hills-Southfield Segment I Bonds"; shall be dated
August 1, 1989; shall be numbered from 1 upwards; shall be fully
registered; shall be in the denomination of $5,000 each or any
integral multiple thereof not exceeding the aggregate principal
amount for each maturity at the option of the purchaser thereof;
shall bear interest at a rate or rates not exceeding 12% per
annum to be determined upon the sale thereof payable on May 1,
1990, and semiannually thereafter on the first days of November
and May in each year; and shall mature on May 1 in each year as
follows:
1990 $100,000
1991 200,000
1992 250,000
1993 250,000
1994 300,000
1995 300,000
1996 350,000
1997 350,000
1998 400,000
1999 400,000
2000 $500,000
2001 500,000
2002 500,000
2003 500,000
2004 600,000
2005 600,000
2006 750,000
2007 750,000
2008 800,000
2009 900,000
5. PAYMENT OF PRINCIPAL AND INTEREST. The principal
of and interest on the bonds shall be payable in lawful money of
the United States. Principal shall be payable upon presentation
and surrender of the bonds to the bond registrar and paying agent
as they severally mature. Interest shall be paid to the regis-
tered owner of each bond as shown on the registration books at
the close of business on the 15th day of the calendar month
preceding the month in which the interest payment is due.
Interest shall be paid when due by check or draft drawn upon and
mailed by the bond registrar and paying agent to the registered
owner at the registered address.
6. PRIOR REDEMPTION. Bonds maturing prior to May 1,
1998, shall not be subject to redemption prior to maturity.
Bonds maturing on and after May 1, 1998, shall be subject to
redemption prior to maturity upon the terms and conditions set
forth in the form of bond contained in Section 10 hereof.
7. BOND REGISTRAR AND PAYING AGENT. The County Drain
Commissioner shall designate, and may enter into an agreement
with, a bond registrar and paying agent for the bonds which shall
be a bank or trust company located in the State of Michigan which
is qualified to act in such capacity under the laws of the United
States of America or the State of Michigan. The County Drain
Commissioner may from time to time as required designate a
similarly qualified successor bond registrar and paying agent.
8 . EXECUTION, AUTHENTICATION AND DELIVERY OF BONDS.
The bonds shall be executed in the name of the county by the
facsimile signatures of the Chairman of the Board of Commis-
sioners and the County Clerk and authenticated by the manual
signature of an authorized representative of the bond registrar
and paying agent, and the seal of the County (or a facsimile
thereof) shall be impressed or imprinted on the bonds. After the
bonds have been executed and authenticated for delivery to the
original purchaser thereof, they shall be delivered by the County
Drain Commissioner or the County Treasurer to the purchaser upon
receipt of the purchase price. Additional bonds bearing the
facsimile signatures of the Chairman of the Board of Commis-
sioners and the County Clerk and upon which the seal of the
County (or a facsimile thereof) is impressed or imprinted may be
delivered to the bond registrar and paying agent for authentica-
tion and delivery in connection with the exchange or transfer of
bonds. The bond registrar and paying agent shall indicate on
each bond the date of its authentication.
9. EXCHANGE AND TRANSFER OF BONDS. Any bond, upon
surrender thereof to the bond registrar and paying agent with a
written instrument of transfer satisfactory to the bond registrar
and paying agent duly executed by the registered owner or his
duly authorized attorney, at the option of the registered owner
thereof, may be exchanged for bonds of any other authorized
denominations of the same aggregate principal amount and maturity
date and bearing the same rate of interest as the surrendered
bond.
Each bond s.all be transferable only upon the books of
the County, which shall be kept for that purpose by the bond
registrar and paying agent, upon surrender of such bond together
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with a written instrument of transfer satisfactory to the bond
registrar and paying agent duly executed by the registered owner
or his duly authorized attorney.
Upon the exchange or transfer of any bond, the bond
registrar and paying agent on behalf of the County shall cancel
the surrendered bond and shall authenticate and deliver to the
transferee a new bond or bonds of any authorized denomination of
the same aggregate principal amount and maturity date and bearing
the same rate of interest as the surrendered bond. If, at the
time the bond registrar and paying agent authenticates and
delivers a new bond pursuant to this section, payment of interest
on the bonds is in default, the bond registrar and paying agent
shall endorse upon the new bond the following: "Payment of
interest on this bond is in default. The last date to which
interest has been paid is ."
The County and the bond registrar and paying agent may
deem and treat the person in whose name any bond shall be regis-
tered upon the books of the County as the absolute owner of such
bond, whether such bond shall be overdue or not, for the purpose
of receiving payment of the principal of and interest on such
bond and for all other purposes, and all payments made to any
such registered owner, or upon his order, in accordance with the
provisions of Section 5 of this resolution shall be valid and
effectual to satisfy and discharge the liability upon such bond
to the extent of the sum or sums so paid, and neither the County
nor the bond registrar and paying agent shall be affected by any
notice to the contrary. The County agrees to indemnify and save
the bond registrar and paying agent harmless from and against any
and all loss, cost, charge, expense, judgment or liability
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incurred by it, acting in good faith and without negligence
hereunder, in so treating such registered owner.
For every exchange or transfer of bonds, the County or
the bond registrar and paying agent may make a charge sufficient
to reimburse it for any tax, fee or other governmental charge
required to be paid with respect to such exchange or transfer,
which sum or sums shall be paid by the person requesting such
exchange or transfer as a condition precedent to the exercise of
the privilege of making such exchange or transfer.
The bond registrar and paying agent shall not be
required to transfer or exchange bonds or portions of bonds which
have been selected for redemption.
10. FORM OF BONDS. The bonds shall be in substantially
the following form:
UNITED STATES OF AMERICA
STATE OF MICHIGAN
COUNTY OF OAKLAND
OAKLAND COUNTY EVERGREEN FARMINGTON
SEWAGE DISPOSAL SYSTEMS,
FARMINGTON HILLS-SOUTHFIELD SEGMENT I BOND
INTEREST RATE MATURITY DATE DATE OF ORIGINAL ISSUE CUSIP
August 1, 1989
Registered Owner:
Principal Amount:
The County of Oakland, State of Michigan, (the
"County"), acknowledges itself indebted to, and for value
received, hereby promises to pay to the Registered Owner identi-
fied above, or registered assigns, the Principal Amount set forth
above on the Maturity Date specified above, unless redeemed prior
thereto as hereinafter provided, upon presentation and surrender
of this bond at
in the city of , Michigan, the bond registrar and
paying agent, and to pay to the Registered Owner, as shown on the
registration books at the close of business on the 15th day of
the calendar month preceding the month in which an interest
payment is due, by check or draft drawn upon and mailed by the
bond registrar and paying agent by first class mail postage
prepaid to the Registered Owner at the registered address,
interest on such Principal Amount from the Date of Original Issue
or such later date through which interest shall have been paid
until the County's obligation with respect to the payment of such
Principal Amount is discharged at the rate per annum specified
above. Interest is payable on the first days of May and November
in each year, commencing OR May 1, 1990. Principal and interest
are payable ih lawful money of the United States of America.
This bond is one of a series of bonds aggregating the
principal sum of Nine Million Three Hundred Thousand Dollars
($9,300,000) issued by the County under and pursuant to and in
full conformity with the Constitution and Statutes of Michigan
(especially Act No. 342, Public Acts of 1939 0 as amended) and a
bond authorizing resolution adopted by the Board of Commissioners
of the County (the "Resolution") for the purpose of defraying
part of the cost of acquiring and constructing part of Segment I
of the Evergreen and Farmington Sewage Disposal Systems Pollution
Control Facilities. The bonds of this series are issued in
anticipation of payments to be made by the cities of Southfield
and Farmington Hills in the aggregate principal amount of Nine
Million Three Hundred Thousand Dollars ($9,300,000) pursuant to a
contract between the County and the, cities of Southfield and
Farmington Hills dated as of March 1, 1988, as supplemented by
Exhibits A, B and C thereto dated as of May 23, 1989. The full
faith and credit of the City of Southfield and the city of
Farmington Hills have been pledged to the prompt payment of their
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respective shares of the foregoing amount and the interest
thereon as the same become due. As additional security the full
faith and credit of the County are hereby pledged for the prompt
payment of the principal of and interest on the bonds of this
series. Taxes levied by the City of Farmington Hills, the City
of Southfield and the County to pay the principal of and interest
on the bonds of this series are subject to constitutional tax
limitations.
This bond is transferable, as provided in the Resolu-
tion, only upon the books of the County kept for that purpose by
the bond registrar and paying agent, upon the surrender of this
bond together with a written instrument of transfer satisfactory
to the bond registrar and paying agent duly executed by the
registered owner or his attorney duly authorized in writing.
Upon the exchange or transfer of this bond a new bond or bonds of
any authorized denomination, in the same aggregate principal
amount and of the same interest rate and maturity, shall be
authenticated and delivered to the transferee in exchange
therefor as provided in the Resolution, and upon payment of the
charges, if any, therein provided. Bonds so authenticated and
delivered shall be in the denomination of $5,000 or any integral
multiple thereof not exceeding the aggregate principal amount for
each maturity.
The bond registrar and paying agent shall not be
required to transfer or exchange bonds or portions of bonds which
have been selected for redemption.
Bonds maturing prior to may 1, 1998, are not subject to
redemption prior to maturity. Bonds maturing on and after May 1,
1998, are subject to redemption prior to maturity at the option
of the County, in such order as shall be determined by the
County, on any one or more interest payment dates on and after
May 1, 1997. Bonds of a denomination greater than $5,000 may be
partially redeemed in the amount of $5,000 or any integral
multiple thereof. If less than all of the bonds maturing in any
year are to be redeemed, the bonds or portions of bonds to be
redeemed shall be selected by lot. The redemption price shall be
the par value of the bond or portion of the bond called to be
redeemed plus interest to the date fixed for redemption and a
premium as follows:
2% of the par value if called for redemption
on or after May 1, 1997, but prior to
May 1, 1999;
1.5% of the par value if called for redemption
on or after May 1, 1999, but prior to
May 1, 2001;
1% of the par value if called for redemption
on or after May 1, 2001, but prior to
May 1, 2004;
No premium if called for redemption on or
after May 1, 2004.
Not less than thirty days' notice of redemption shall be
given to the holders of bonds called to be redeemed by mail to
the registered holder at the registered address. Bonds or
portions of bonds called for redemption shall not bear interest
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after the date fixed for redemption, provided funds are on hand
with the bond registrar and paying agent to redeem the same.
It is hereby certified, recited and declared that all
acts, conditions and things required to exist, happen and be
performed precedent to and in the issuance of the bonds of this
series, existed, have happened and have been performed in due
time, form and manner as required by law, and that the total
indebtedness of said County, including the series of bonds of
which this bond is one, does not exceed any constitutional or
statutory limitation.
IN WITNESS WHEREOF, the County of Oakland, Michigan, by
its Board of Commissioners, has caused this bond to be executed
in its name by facsimile signatures of the Chairman of the Board
of Commissioners and the County Clerk and its corporate seal (or
a facsimile thereof) to be impressed or imprinted hereon. This
bond shall not be valid unless the Certificate of Authentication
has been manually executed by an authorized representative of the
bond registrar and paying agent.
COUNTY OF OAKLAND
(SEAL)
BY:
County Clerk Chairman
Board of Commissioners
CERTIFICATE OF AUTHENTICATION
This bond is one of the bonds described in the within-
mentioned Resolution.
Bond Registrar and Paying Agent
By:
Authorized Representative
By:
AUTHENTICATION DATE:
ASSIGNMENT
For value received, the undersigned hereby sells, assigns and
transfers unto
(please print or type name, address and taxpayer identification
number of transferee) the within bond and all rights thereunder
and does hereby irrevocably constitute and appoint
attorney to transfer the within bond on the books kept for
registration thereof, with full power of substitution in the
premises.
Dated:
Signature Guaranteed
The signature must be guaranteed by a commercial bank, a trust
company or a brokerage fiLm which is a member of a major stock
exchange.
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11. SECURITY. The bonds shall be issued in anticipa-
tion of payments to be made by the Cities pursuant to the
Contract. The bonds shall be secured primarily by the full faith
and credit pledge made by the Cities in the Contract with the
County pursuant to the authorization contained in Act 342. As
additional and secondary security the full faith and credit of
the county are pledged for the prompt payment of the principal of
and interest on the bonds as the same shall become due. If the
Cities shall fail to make payments to the County which are suffi-
cient to pay the principal of and interest on the bonds as the
same shall become due, an amount sufficient to pay the deficiency
shall be advanced from the general fund of the County.
12. PRINCIPAL AND INTEREST FUND. There shall be
established for the bonds a Principal and Interest Fund which
shall be kept in a separate bank account. From the proceeds of
the sale of the bonds there shall be set aside in the Principal
and Interest Fund any premiuM and accrued interest received from
the purchaser of the bonds at the time of delivery of the same.
All payments received from the Cities pursuant to the Contract
are pledged for payment of the principal of and interest on the
bonds and expenses incidental thereto and as received shall be
placed in the Principal and Interest Fund.
13. CONSTRUCTION FUND The remainder of the proceeds
of the sale of the bonds shall be set aside in a construction
fund and used to acquire and construct Segment I of the Evergreen
and FaLmington Sewage Disposal Systems Pollution Control
Facilities in accordance with the provisions of the Contract.
14. APPROVAL OF MICHIGAN DEPARTMENT OF TREASURY --
EXCEPTION FROM PRIOR APPROVAL. The issuance and sale of the
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bonds shall be subject to permission being granted therefor by
the Department of Treasury of the State of Michigan or an excep-
tion from prior approval being granted by the Department of
Treasury and the County Drain Commissioner and the County
Treasurer are each hereby severally authorized to file with the
Department of Treasury a Notice of Intent to Issue an Obligation
with respect to the bonds and to pay, upon the filing of said
notice, the filing fee of $400. If an exception from prior
approval is not granted the County Drain Commissioner or the
County Treasurer shall make application to the Department of
Treasury for permission to issue and sell the bonds as provided
by the terms of this resolution and for approval of the form of
Notice of Sale.
15. REDUCTION OF PRINCIPAL AMOUNT OF BOND ISSUE. If
the County Drain Commissioner, after the receipt of bids for the
construction of Segment I of the Evergreen and Fal_mington Sewage
Disposal Systems Pollution Control Facilities shall determine
that it is not necessary to sell bonds in the principal amount of
Nine Million Three Hundred Thousand Dollars ($9,300,000), he may
by order reduce the principal amount of bonds to be sold to that
amount deemed necessary. In the event the principal amount of
the bond issue is reduced pursuant to this section, the County
Drain Commissioner shall reduce the amount of bonds maturing in
any one or more years as necessary.
16. SALE, ISSUANCE, DELIVERY, TRANSFER AND EXCHANGE OF
BONDS. The County Drain Commissioner is hereby authorized to
prescribe the form of notice of sale for the bonds, to sell the
bonds at not less than 98% of par plus accrued interest in
accordance with the laws of this state and to do all things
necessary to effectuate the sale, issuance, delivery, transfer
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and exchange of the bonds in accordance with the provisions of
this resolution.
17. TAX COVENANT. The County covenants to comply with
all requirements of the Internal Revenue Code of 1986, as
amended, necessary to assure that the interest on the bonds will
be and will remain excludable from gross income for federal
income tax purposes. The County Drain Commissioner and other
appropriate County officials are authorized to do all things
necessary (including the making of covenants of the County) to
assure that the interest on the bonds will be and will remain
excludable from gross income for federal income tax purposes.
1 8. CONFLICTING RESOLUTIONS. All resolutions and parts
of resolutions insofar as they may be in conflict herewith are
rescinded.
Mr. Chairperson, on behalf of the Planning and Building
Committee, I move the adoption of the foregoing Resolution.
r
Planning & Building Committee
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LEGEND
48-
SEGMENT STAGES
11 7:27 3 a 5
EXISTING INTERCEPTORS
EXISTING MAJOR PUMP STATION AND FORCE MAIN
PROPOSED PUMP STATION IMPROVEMENTS
PROPOSED PUMP STATION A NO FORCE MAIN
PROPOSED. TUNNEL SEWER NO PIPE
RECOMMENDED INTERCEPTOR IMPROVEMENTS J SIZES
COMBINED SEWER AREA
0 os
Os •
PIM IR MB IM
SIIIMMRAMMENPARIIMI
0 PROJECT IDENTIFICATION I ) 3 CAL E IN MILES
PROJECT—SEGMENT Z
EXHIBIT A
MAY 25 )1989
11:1M101.*
COMPREHENSIVE FACILITIES PLAN
OAKLAND COUNTY, MICHIGAN
EVERGREEN— FARMINGTON
POLLUTION CONTROL FACILITIES
PROPOSED POLLUTION CONTROL FACILITIES..
PREPARED Br HUB BELLROTH S CL A RK.INC.
a--
EXHIBIT "A i
Less: Federal Grants (Estimated) C26 2912 03
Bond Issue Share
EVERGREEN-FARMINGTON SEWAGE DISPOSAL SYSTEM
POLLUTION CONTROL FACILITIES
SEGMENT I, STAGE 1
ESTIMATE OF COST
(Based on Construction Bids May 10,1989)
KENDALLWOOD-WESTBROOKE AREA RETENTION TANK
CONTRACTED SERVICES - CONSTRUCTION
Retention Tank Complete L.S. @ $3,796,000 = $ 3,796,000
CONTRACTED SERVICES - PROJECT DEVELOPMENT
Engineering
Consulting Engineer - Ste II, Design $ 544,100
Consulting Engineer - Step III, Construction $ 786,500
Bond Counsel
- Financial Advisor
Official Statement
Rating Fees
- Bond Printing
Bond Advertisement
C.P.A. Rer;ort
Bond Discount
COUNTY SERVICES - PROJECT MANAGEMENT
Engineering
Administration
Right-of-Way (including Legal)
Soil Erosion Permit (Act 347)
= $ 1,330,600
13,781
6,890
1,723
3,445
1,148
766
1 ,91 4
71,201
= $ 37,900
19,000
348,000
2,500
CONTINGENCY = $ 355,132
ESTIMATED PROJECT COST - SEGMENT I, STAGE 1,
KENDALLWOOD-WESTBROOKE AREA RETENTION TANK $ 5,990,000
$ 2,430,000
= $ 3,560,000
5-23-89 PROJECT EXHIBIT "B" Page 1 of 4
8,363
4,181
1,045
2,091
697
465
1,162
43,208
65,800
16,500
15,200
101,200
2,000
= $ 335,125
= $ 4,892,000
= $ 2,000,000
732,000
= $ 2,160,000
EVERGREEN-FARMINGTON SEWAGE DISPOSAL SYSTEM
POLLUTION CONTROL FACILITIES
SEGMENT I, STAGE 2
ESTIMATE OF COST
(Based on Construction Bids May 10,1989)
STAGE 2, EAST OF EVERGREEN ROAD
CONTRACTED SERVICES - CONSTRUCTION
54-inch Tunnel Sewer
Tunnel Manhole
Junction Manhole 1 A
Junction Manhole 10
Overflow Chamber and
Sewer Connection
Abandon Exist. Overflow
Near Evergreen Road
Project Sian
Color Audio-Video
6329 L.F.
9 Ea.
L.S.
L.S.
L.S.
L.S.
L.S.
L.S.
@ $ 315.00
@ $ 45,437.00
@ $ 64,750.00
@ $161,460.00
@ $661,650.00
@ $ 14,585.00 =
@ $ 400.00 =
@ $ 750.00 =
$ 1,993,635
408,933
64,750
161,460
661,650
14,585
400
750
TOTAL CONSTRUCTION COST
CONTRACTED SERVICES - PROJECT DEVELOPMENT
Engineering
Consulting Engineer - Step I Fac. Plan
Update & UCS & SUO $435,000
Consulting Engineer - Step II, Design $397,700
Consulting Engineer - Step III, Construction $156,100
Bond Counsel
Financial Advisor
Official Statement
Rating Fees
Bond Printing
Bond Advertisement
C.P.A. Reoort
Bond Discount
COUNTY SERVICES - PROJECT MANAGEMENT
Engineering
Administration
Right-of-Way (including Legal)
Construction Inspection
Soil Erosion Permit (Act-347)
CONTINGENCY
ESTIMATED PROJECT COST - SEGMENT I, STAGE 2,
EAST OF EVERGREEN ROAD
Less: Federal Grants (Estimated) C26 2912 03
Less: Cash Advance
Bond Issue Share
= $ 3,306,163
= $ 988,800
5 -Y1 -99 PROJECTEHHIBIT "B" Page 2 of 4
ESTIMATED PROJECT COST - SEGMENT I, STAGE 2,
WEST OF EVERGREEN ROAD
Less: Federal Grants (Estimated) C26 2912 03
Less: Cash Advance
Bond Issue Share
-11. -99 PROJECT EXHIBIT "E"
EVERGREEN-FARMINGTON SEWAGE DISPOSAL SYSTEM
POLLUTION CONTROL FACILITIES
SEGMENT 1, STAGE 2
ESTIMATE OF COST
(Based on Construction Bids May 10,1989)
STAGE 2, WEST OF EVERGREEN ROAD
CONTRACTED SERVICES - CONSTRUCTION
30-inch Force Main 6470 L.F. @ $ 169.00 = $ 1,093,430
30-inch Force Main Tunnel 672 L.F. @ $ 470.00 = 315,840
36-inch 0.C. Sewer 830 L.F. @ $ 143.00 . 118,690
36-inch O.C. Sewer w/coating 50 L.F. @ $ 145.00 . 7,250
Standard Manhole 2 Ea. @ $ 3,740.00 . 7,480
Air Release Manhole 6 Ea. @ $ 4,025.-00 = 24,150
Access Manhole 7 Ea. @ $ 13,611A0 = 95,277
Reconstruct Manhole L.S. @ $ 79,170:00 =4 79,170
Protection Coating 54-inch 150 L.P. @ $ 70.00 = 10,500
30-inch Sewer Conn./Muirwood L.S. @ $ 10,120.00 . 10,120
6-inch House Lead 48 L.F. @ $ 39.00 = 1,872
Re-connect House Leads 12 L.F. @ $ 1,000.00 = 12,000
12-inch CMP Culverts 8 Ea. @ $ 345.00 . 2,760
Project Sign L.S. @ $ 400.00 . 400
Color Audio-Video L.S. @ $ 750.00 = 750
Eight Mile-Muirwood P.S. L.S. @ $2,177,000.00 = $ 2,177,000
TOTAL CONSTRUCTION COST = $ 3,956,689
CONTRACTED SERVICES - PROJECT DEVELOPMENT
Engineering = $ 804,600
Consulting Engineer - Step II, Design $ 223,200
Consulting Engineer - Step III, Construction $ 581,400
Bond Counsel $ 13,856
Financial Advisor = 6,929
Official. Statement 1,732
Rating Fees = 3,464
Bond Printing 1,155
Bond Advertisement 769
C.P.A. Report 1 ,924
Bond Discount 71,591
COUNTY SERVICES - PROJECT MANAGEMENT
Engineering = $ 99,800
' Administration = 16,600
Right-of-Way (including Legal) . 132,800
Construction Inspection = 68,500
Soil Erosion Permit (Act 347) = 2,500
CONTINGENCY = $ 365,291
= $ 5,548,000
= $ 840,000
= 1,128,000
= $ 3,580,000
Page 3 of 4
= 3,796,000
= 3,306,163
= 3,956,689
= $11,058,852
COUNTY SERVICES - PROJECT MANAGEMENT
Engineering
Administration
Right-of-Way (including Legal)
Construction Inspection
Soil Erosion Permit (Act 347)
CONTINGENCY
TOTAL ESTIMATED PROJECT COST - SEGMENT I
Less: Federal Grants (Estimated) C26 2912 03
Less: Cash Advance
Total Bond Issue
EVERGREEN-FARMINGTON SEWAGE DISPOSAL SYSTEM
POLLUTION CONTROL FACILITIES
SEGMENT I
ESTIMATE OF COST
(Based on Construction Bids May 10,1989)
CONTRACTED SERVICES - CONSTRUCTION
Stage 1 - Kendallwood-Westbrooke Area Retention Tank
Stage 2 - Relief Sewer East of Evergreen Road
Stage 2 - Relief Sewer West of Evergreen Road
TOTAL CONSTRUCTION COST
CONTRACTED SERVICES - PROJECT DEVELOPMENT
Step 1, Fac. Plan
$ 435,000
Step II, Design $1,165,000
Step III, Construction $1,524,000
Engineering
Consulting Engineer -
Update & UCS & SUO
Consulting Engineer -
Consulting Engineer -
Bond Counsel
Financial Advisor
Official Statement
Rating Fees
Bond Printing
Bond Advertisement
C.P.A. Report
Bond Discount
$ 3,124,000
$ 36,000
18,000
4,500
9,000
3,000
2,000
5,000
186,000
$ 203,300
52,100
496,000
169,700
7,000
= $ 1,055,548
= $16,430,000
= $ 5,270,000
= -1,860,000
= $ 9,300,000
NOTE: I hereby estimate the period of usefulness of this facility to be
forty (40) years and upwards.
HUBBELL, ROTH &
•
M.. David Waring
5 -23 -99 PROJECT EXHIBIT - "B" Pace 4 of 4
By:
, INC.
4
Bonded
Project Local
Stage Share
Bond
Principal
Bond
Principal
EVERGREEN-FARMINGTON SEWAGE DISPOSAL SYSTEM
POLLUTION CONTROL FACILITIES
SEGMENT
COST SHARES BASED ON ALLOCATION OF COSTS TO CITIES OF
SOUTHFIELD AND FARMINGTON HILLS
BONDED COST DISTRIBUTION
Farmington Hills Southfield
1 $3.56M 100.00 $3,560,000 -0- -0-
2E 2.16M 19.48 420,000 80.52 $1,740,000
2W 3.58M 19.48 697,000 80.52 2,883,000
Total 9.30M 4,677,000 4,623,000
5-23-89 PROJECT EXHIBIT -
a--
RESOLUTION # Eolaor June 29, 1989
Moved by Hobart supported by Pernick the resolutioimbe adopted.
AYES: McCulloch, McPherson, Moffitt, Olsen, Pappageorge, Pernick,
Price, Rewold, Skarritt, Aaron, Bishop, Caddell, Chester, Crake, Gosling,
Hobart, Jensen, Johnson, R. Kuhn, S. Kuhn, Law, Luxon, McConnell. (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 and having a seal, do
hereby certify that I have compared the annexed copy of the attached resolution,
adopted by the Oakland County Board of Commissioners at their regular meeting
held on 'Dine 29 , 1989 with the original record thereof now remaining
on file in my office, and that it is a true and correct transcript therefrom,
and of the whole thereof.
In Testimony Whereof, I have hereunto set my hand and affixed the seal
of said County at Pontiac,Michigan this 29th day of June , 1989
Lywo. ALLEN, County Clerk
R4iiikur of Deeds