HomeMy WebLinkAboutResolutions - 1989.02.23 - 17233DATE: February 9, 1989 MISCELLANEOUS RESOLUTION NO. 89015
BY: PUBLIC SERVICES COMMITTEE - RICHARD D. KUHN, JR., CHAIRPERSON
IN RE: COMMUNITY DEVELOPMENT DIVISION - Recapture of Commercial Assistance Program
(CAP) Funds from the 1985, 1986 and 1987 CAP Participatin, Communities and
Reallocation to CAP Loan Pool
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 #84239 of August 30,
1984 and 487134 of May 28, 1987 approved the Rehabilitation Leveraging Agreement with
Manufacturers National Bank of Detroit for a program of financing commercial property
rehabilitation; 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 1985, 1986 and 1987 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 December 31, 1988 was the final deadline for the 1985 and 1986 CAP
program and was the 12 month progress deadline for the 1987 CAP program; and
WHEREAS in accordance with the provisions of Miscellaneous Resolution 485118
regarding recapture of CAP funds, the Oakland County Community Development Division
recommends the recapture of $119,340.79 in 1985 CAP funds, $85,544.80 in 1986 CAP funds
and $12,833.87 in 1987 CAP funds as described in Attachment A; 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 recommends the reallocation of the recaptured
funds to the CAP Loan Pool; and
WHEREAS the Community Development Citizens Advisory Council unanimously
recommends approval of the recapture of 1985, 1986 and 1987 CAP funds and the
reallocation of the recaptured funds to the CAP Loan Pool as specified in Attachment A
by a 12 - 0 roll call vote.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Comiuissioners
hereby authorizes recapture of 1985, 1986 and 1987 Commercial Assistance Program funds
from the communities and in the amounts as specified in Attachment A and their
reallocation to the CAP Loan Pool.
Mr. Chairperson, on behalf of the Public Services Committee, I move the adoption
of the foregoing resolution.
MISC RES(9)(bbe)
COMMUNITY 1985 1986 1987 TOTAL
City of Ferndale
City of Hazel Park
Village of Holly
Village of Milford
Village of Ortonville
Village of Oxford
City of Walled Lake
$ 67,235.00
37,187.00
33,349.64**
4,988.00**
10,022**
16,406.12**
30,642.00
$199,829.76
Communities
CAP
Allocation
ATTACHMENT A
RECAPTURE OF COMMERCIAL ASSISTANCE PROGRAM FUNDS
FROM THE 1985, 1986 & 1987
CAP PARTICIAPTING COMMUNITIES
Recommendation
recommends the
unused 1986 CAP
communities:
- The Oakland County Community Development Division (OCCD)
recapture of $131,672.79 in unused 1985 CAP funds, $85,544.80 in
funds and $12,833.87 in unused 1987 CAP funds from the followino
City of Berkley
Village of Clarkston
City of Farmington
City of Ferndale
City of Hazel Park
Village of Holly
City of Keego Harbor
Village of Lake Orion
City of Madison Heights
Village of Oxford
Royal Oak Township
City of Walled Lake
-0- $22,486.00
-0-
-0-
57,319.00
27,182.52
12,419.27
-0-
-0--
-0-
9,309.00
-0-
13,111,00
$119,340.79 $85,544.80
-0--
4,410.25
-0-
-0-
-0-
-0-
-0-
4,045.62
-0-
-0-
4,378.00
-0-
$12,833.87
$ 22,486.00
4,410.25
33,173.80
57,319.00
27,182.52
12,419.27
7,561.00
4,045.62
22,324.00
9,309.00
4,378.00
13,111.00
$217,719.46
-0-
33,173.80
-0-
-0-
-0-
7,561.00
-0--
22,324.00
-0-
-0-
-0-
Justification For Recapture - The 1985 CAP communities completed their CAP
participation on June 30, 1987 and the 1986 communities completed their 18 month
program participation on March 31, 1988. Both the 1985 and 1986 conutunities
were given a final deadline of December 31, 1988 to get any outstanding projects
under construction. Funds not committed to projects under construction are being
recommended for recapture.
The CAP Loan Pool is available to the 1985 and 1986 CAP communities for
outstanding projects that did not meet the December 31, 1988 deadline and for new
projects.
The 1987 CAP communities completed their 12 months in CAP on December 31, 1988.
Pursuant to their Letter of Agreement, 50% of each community's CAP allocation was
to be reserved through an application, loan commitment, or disbursement. If this
condition was not met 25% of the CAP allocation was subject to recapture..
Table 1
1985 CAP Communities
Funding Allocation and Recapture Status Report
*Funds
Depleted
Through Balance to
12/31/88 be Recaptured
$ 9,916.00 $ 57,319.00
10,004.48 27,182.52
20,930.37 12,419.27
4,988.00 -0-
10,022.00 -0--
7,097.12 9,309.00
17,531.00 13,111.00
$80,488.97 $119,340.79
Communities
Village of Clarkston
Independence Township
Village of Lake Orion
Oakland Township
Royal Oak Township
Table 2
1986 CAP Communities
Funding Allocation and Recapture Status Report
Communities -
City of Berkley
Village of Beverly Hills
City of Farmington
City of Keego Harbor
City of Madison Heights
City of Oak Park
City of Rochester
City of Rochester Hills
Springfield Township
CAP
Allocation
$ 70,252.00**
15,947.00**
39,555.75**
7,561.00**
22,324.00**
8,215.00**
70,724.00
12,820.00**
7,733.00**
$255,131.75
*Funds
Depleted
Through
12/31/88
$ 47,766.00
15,947.00
6,381.95
-0-
-0-
8,215.00
70,724.00
12,820.00
7,733.00
= $169,586.95
Balance
to be
Recaptured
$ 22,486.00
-0-
33,173.80
7,561.00
22,324.00
-0-
-0-
-0-
-0-
+ $85,544.80
*Depleted means any combination of CAP funds:
1) disbursed upon project completion
2) reserved upon a loan commitment
**CAP allocation adjusted through previous recaptures
Table 3
1987 CAP Communities
12 Month Funding Allocation and Recapture Status Report
CAP
Allocation
$17,641.00
22,700.00
16,182.50
18,876.50
17,512.00
$92,912.00
Criteria
50%
$8,820.50
11,350.00
8,091.25
9,438.25
8,756.00
***Funds
Depleted
Through
12/31/88
$ 6,288.00
20,065.78
6,444.39
18,413.00
3,157.56
$54,368.73
25%
to be
Recaptured
$ 4,410.25
-0-
4,045.62
-0-
4,378.00
$12,833.87
***Depleted means any combination of CAP funds:
1) reserved upon an active application
2) reserved upon a loan commitment
3) disbursed upon project completion
RECAP CAP (1)
kjf
1/20/89
February 23, 1989
FISCAL NOTE
BY: FINANCE COMMITTEE, DR. G. W1TLIAM CADDELL, CHAIRPERSON
IN RE: COMMUNITY DEVELOPMENT DIVISION - RECAPTURE OF COMMERCIAL
ASSISTANCE PROGRAM (CAP) FUNDS FROM THE 1985, 1986 AND
1987 CAP PARTICIPATING COMMUNITIES AND REALLOCATION TO CAP
LOAN POOL MI k. US RESOLUTION #89015
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mt. Chairperson, Ladies and Gentlemen:
Pursuant to Rule XI-G of the Board, the Finance Committee has
reviewed Miscellaneous Resolution #89015 and finds:
1) The County of Oakland by Miscellaneous Resolution #85118
of April 15, 1985 approved general criteria and
procedures for the recapturing and reallocation of unused
CAP funds and subsequently modified by Miscellaneous
Resolution #88141 of May 26, 1988;
2) This Miscellaneous Resolution (#89015) authorizes the
recapture of $217,719 in 1985, 1986 and 1987 CAP Funds as
described in Attachment A. These CAP Funds will be made
available as pool of funds for loan applications for all
participating communities and to be committed to
applicants on a first come first served priority basis;
3) The 1989 Budget is to be amended per attached Schedule I.
FINANCE COMMITTEE
LIST OF COMMUNITIES
CITIES:
$ 210,851 $
434,157
55,449
207,509
554,174
296,254
14,509
47,428
39,264
774,900
6,000
320,202
246,308
24,053
59,217
31,124
107,988
20,815
30,775
532,181
119,492
30,965
107,632 $
221,528
137,850
209,340
417,827
467,139
13,596
85,907
28,219
404,960
19,531
227,007
204,673
6,000
50,883
52,968
442,497
19,622
28,480
266,214
23,947
101,148
' SCHEDULE I
COMMUNITY DEVELOPMENT DIVISION
PROPOSED 1989 BUDGET AMENDMENTS FOR RECAPTURED FUNDS
1989
ADOPTED
BUDGET
1989
MENDED
BUDGET
1989
CAP FUNDS
RECAPTURED
1989
PROPOSED
BUDGET
$ 4,163,615 $
15,442 $ 35,457 S
50,101 44,353
56,620 97,859
57,465 28,046
57,096 54,395
84,322 14,673
201,862 150,766
44,409 122,252
98,012 94,058
102,994 20,283
213,714 93,551
59,733 55,002
91,520 70,574
212,000 148,949
194,033 148,224
418,351 160,579
318,629 97,993
AUBURN HILLS
BERKLEY
CLAWSON
FARMINGTON
FERNDALE
HAZEL PARK
HUNTINGTON WOODS
KEEGO HARBOR
LATHROP VILLAGE
MADISON HEIGHTS
NORTHVILLE
NOVI
OAK PARK
ORCHARD LAKE
PLEASANT RIDGE
ROCHESTER
ROCHESTER HILLS
SOUTH LYON
SYLVAN LAKE
TROY
WALLED LAKE
WIXOM
TOTAL CITIES:
TOWNSHIPS:
ADDISON
BRANDON
COMMERCE
GROVELAND
HIGHLAND
HOLLY
INDEPENDENCE
LYON
MILFORD
OAKLAND
ORION
OXFORD
ROSE
ROYAL OAK
SPINGFIELD
WEST BLOOMFIELD
WHITE LAKE
TOTAL TOWNSHIPS:
0 $ 107,632
(22,486) 199,042
137,850
(33,174) 176,166
(57,319) 360,508
(27,182) 439,957
0 13,596
(7,561) 78,346
0 28,219
(22,324) 382,636
19,531
0 227,007
0 204,673
0 6,000
0 50,883
0 52,968
0 442,497
0 19,622
0 28,480
0 266,214
(13,111) 10,836
0 101,148
0 S 35,457
0 44,353
0 97,859
0 28,046
0 54,395
14,673
0 150,766
0 122,252
0 94,058
0 20,283
0 93,551
55,002
0 70,574
(4,378) 144,571
0 148,224
0 160,579
0 97,993
3,536,968 $ (183,157) $ 3,353,811
2,276,323 $ 1,437,014 $ (4,378) $ 1,432,636
VILLAGES:
BEVERLY HILLS
CLARKSTON
HOLLY
LAKE ORION
LEONARD
MILFORD
ORTONVILLE
OXFORD
WOLVERINE LAKE
21,931 $
6,000
115,813
59,283
6,000
194,021
21,440
13,110
29,633
51,920 $
43,207
13,549
67,980
16,679
128,577
9,640
33,382
54,365
0 $ 51,920
(4,410) 38,797
(12,419) 1,130
(4,046) 63,934
0 16,679
0 128,577
0 9,640
(9,309) 24,073
0 54,365
TOTAL VILLAGES:
TOTAL COMMUNITIES
OAKLAND COUNTY-CAP
OAKLAND COUNTY
TOTAL UNITS
BALANCE-RENTAL CARRY-
IN AND ALLOCATION
$ 467,231 $
$ 6,907,169 $ 5,393,281 0
$ 148,235 $
$ 3,054,879 $ 3,178,152
$ 9,962,048 $ 8,719,668
58,000 $
(30,184) $ 389,115
(217,719) $ 5,175,562
217,719 $ 365,954
$ 3,178,152
--------------
8,719,668
419,299 $
559,080
TOTALS $10,020,048 $ 9,278,748 0 $ 8,719,668
COMMUNITY 1985 1986 1987 TOTAL
Communities
*Funds
Depleted
Through
12/31/88
CAP
Allocation
Balance to
be Recaptured
T AC i Tf.
RECAPTURE OF COMMERCIAL ASSISTANCE PROGRAM FUNDS
FROM THE 1985, 1986 5, 1987
CAP PARTICIAPTING COMMUNITIES
Recommendation
recommends the
unused 1986 CAP
communities:
- The Oakland County Community Development Division (CCM)
recapture of $119,340.79 in unused 1985 CAP funds, .,;85,544.80 in
funds and $12,833.87 in unused 1987 CAP funds from the following
Berkley
of Clarkston
Farmington
Ferndale
Hazel Park
of Holly
Keego Harbor
Village of Lake Orion
City of Madison Heights
Village of Oxford
Royal Oak Township
City of Walled Lake
-0-
-0-
-0-
57,319.00
27,182.52
12,419.27
-0-
-0-
-Q-
9,309.00
-0-
13,111,00
$22,486.00 $ -0- $ 22,486.00
4,410.25 4,410.25
-0- 33,173.80
-0- 57,319.00
-0- 27,182.52
-0- 12,419.27
-0- 7,561.00
-0- 4,045.62 4,045.62
22,324.00 -0- 22,324.00
-0- -0- 9,309.00
-0- 4,378.00 4,378.00
-0- -0- 13,111.00
City of
Village
City of
City of
City of
Village
City of
-0-
33,173.80
-0-
-0-
-0-
7,561.00
$119,340.79 $85,544.80 $12,833.87 $217,719.46
Justification For Recapture - The 1985 CAP communities completed their CAP
participation on June 30, 1987 and the 1986 communities completed their 18 month
program participation on March 31, 1988. Both the 1985 and 1986 communities
were given a final deadline of December 31, 1988 to get any outstanding projects
under construction. Funds not committed to projects under construction are being
recommended for recapture.
The CAP Loan Pool is available to the 1985 and 1986 CAP communities for
outstanding projects that did not meet the December 31, 1988 deadline and for new
projects.
The 1987 CAP communities completed their 12 months in CAP on December 31, 1988.
Pursuant to their Letter of Agreement, 50% of each community's CAP allocation was
to be reserved through an application, loan commitment, or disbursement. If this
condition was not met 25% of the CAP allocation was subject to recapture.
Table 1
1985 CAP Communities
Funding Allocation and Recapture Status Report
City of Ferndale
City of Hazel Park
Village of Holly
Village of Milford
Village of Ortonville
Village of Oxford
City of Walled Lake
$ 67,235.00 $ 9,916.00
37,187.00 10,004.48
33,349.64** 20,930.37
4,988.00** 4,988.00
10,022** 10,022.00
16,406.12** 7,097.12
30,642.00 17,531.00
$199,829.76 = -$80,488.97
$ 57,319.00
27,182.52
12,419.27
-0-
-0-
9,309.00
13,111.00
$119,340.79
RESOLUTION # 89015 February 23, 1929-
Moved by Richard Kuhn supported by Pappageorge the resolution (with Fiscal
Note attached) be adopted.
AYES: Pernick, Price, Rewold, Skarritt, Wolf, Caddell, Chester, Crake,
Hobart, Johnson, R. Kuhn, S. Kuhn, Law, Luxon, McConnell, Oaks, Olsen, Pappageorge,
(18)
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 February 23, , 198g 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 Portiac,Michigan this 2ard day of Febewry , 1981
LYN D. ALLEN, County Clerk
Register of Deeds