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HomeMy WebLinkAboutResolutions - 1989.09.28 - 17205f fr, September 28, 1989 Miscellaneous Resolution # 89253 BY: Hubert Price, Jr., County Commissioner-District #8 James D. Ferrens, County Commissioner - District #7 RE: SILVERDOME PARKING LOT TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS Mr. Chairperson, Ladies and Gentlemen: WHEREAS, it is mutually beneficial to the economy of the County of Oakland and to the City of Pontiac that the Pontiac Silverdome remain a major entertain- ment center; and WHEREAS, representatives of the Pontiac Silverdome Stadium Authority, the City of Pontiac, and the Detroit Lions have met with County officials to discuss the preservation and utilization of the Pontiac Silverdome; and WHEREAS, the first priority has been determined to be the repaving of the Silverdome Parking Lot, at a cost which is estimated to be $4 million. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners does hereby approve a no-interest loan not to exceed the sum of $4 million to the Pontiac Stadium Building Authority for the repaving of its parking lot, said funds to be returned to the County on an annual basis in equal payments over the next 15 years from the date of allocation, subject to further contract terms and conditions being acceptable to the City of Pontiac, Oakland County and the Pontiac Stadium Building Authority. BE IT FURTHER RESOLVED that the Chairperson of the Oakland County Board of Commissioners is hereby directed to appoint a 3-member negotiation team to meet with the City of Pontiac and Pontiac Stadium Building Authority to formulate said contract. BE IT FURTHER RESOLVED that no funds shall be advanced until such time as the contract has been ratified by all parties and the Board of Commissioners has authorized its Chairperson to sign said contract. Mr. Chairperson, I move the adoption of the foregoing resolution. 8 Hubert Price, Price, Jr. County Commissioner, Distric James D. Ferrens' County Commissioner, District #7 #89253 September 28, 1989 The Chairperson referred the resolution to the Planning and Building Committee. There were no objections.