HomeMy WebLinkAboutResolutions - 1988.06.09 - 17486MISCELLANEOUS RESOLUTION NO. 88141 DATE: May 26, 1988
BY: PUBLIC SERVICES COMMITTEE - RICHARD D. KUHN, JR., CHAIRPERSON
IN RE: COMMUNITY DEVELOPMENT DIVISION - Modified Criteria and Procedure for
the Reallocation of Recaptured 1985 and 1986 Commercial Assistance
Program Funds
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 H.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 #87134 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 Resolution #85158 of
May 23, 1985 and #86037 of February 27, 1986 designated communities and
funding allocations for the 1985 and 1986 Commercial Assistance Program; and
WHEREAS the County of Oakland by Miscellaneous Resolution #85118 of
April 18, 1985 approved general Criteria and Procedures for the recapture and
reallocation of unused CAP funds; and in accordance with the provisions of
that Resolution the Oakland County Community Development Division has
recommended in a companion resolution the recapture of $23,498.64 in 1985 CAP
funds and $107,150.25 in 1986 CAP funds; and
WHEREAS the Oakland County Coumunity Development Division has
recomuended the Modified Criteria and Procedure for the reallocation of the
recaptured CAP funds as specified in Attachment A; and
WHEREAS the Community Development Citizens Advisory Council
recommends approval (by a 12-0 roll call vote) of the Modified Reallocation
Criteria and Procedure as specified in Attachment A.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of
Commissioners hereby approves the Modified Criteria and Procedure for the
reallocation of recaptured 1985 and 1986 CAP funds as specified in Attachment
A.
BE IT FURTHER RESOLVED that the Oakand County Community Development
Division is authorized to utilize the Modified Reallocation Criteria and
Procedure approved herein to make future allocations to eligible communities
from the newly established CAP loan pool.
Mr. Chairperson, on behalf of the Public Services Committee, I move
the adoption of the foregoing resolution.
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Richard D. Kuhn, Jr., Chairperson
N, APPROVE THE 'INC; RESOL
FISCAL NOTE June 9, 1988
BY: FINANCE COHMIITEE, DR. G. WILLIAM CADDELL, CHAIRPERSON
IN RE: COMMUNITY DEVELOPMENT DIVISION - MODIFICATION CRITERIA AND
PROCEDURE FOR THE REALLOCATION OF RECAPTURED 1985 AND 1986
COMMERCIAL ASSISTANCE PROGRAM FUNDS-MISCELLANEOUS RESOLUTION
#88141
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mt. Chairperson, Ladies and Gentlemen:
Pursuant to Rule XI-G of this Board, the Finance Committee has
reviewed Miscellaneous Resolution 1188141 and finds:
1) The County of Oakland by Miscellaneous Resolution 1185118 of
April 15, 1985 approved general creteria and procedures for the
recapture and reallocation of unused CAP funds;
2) The Community Development Division recommended a modified
criteria and procedure for the reallocation of recaptured funds
for 1985 and 1986 and any future reallocations as specified in
Attachment A;
3) No budget amendment is required.
FINANCE COMMIllEE
ATTACHMENT A
MODIFIED CRITERIA AND PROCEDURE
FOR TEE
REALLOCATION OF RECAPTURED 1985 and 1986
COMMERCIAL ASSISTANCE PROGRAM (CAP) FUNDS
The Oakland County Community Development Division, with approval of the
Community Development Citizens Advisory Council, the Public Services
Committee and the Oakland County Board of Commissioners, will establish a
Commercial Assistance Program Loan Pool using the $130,648.89 recaptured 1965
and 1986 CAP funds and the $21,477 balance from the previously recaptured
funds allocated in accordance with Miscellaneous Resolution #87228 of
September 17, 1987. This will make available a total loan pool of
$152,125.89.
PURPOSE
The purpose of the CAP Loan Pool is to provide a source of readily available
funds for projects that meet the CAP objectives and are ready to go under
construction.
LOAN POOL ADVANTAGR
Under this system, projects that are in the early stages of development will
not tie up funds that could otherwise be available to projects that are ready
to go under construction.
Funds from the loan pool are not awarded on a competitive basis but are
available Rs projects are ready to go under construction. New communities
can enter the program (after meeting the criteria as referenced in Exhibit 1)
as projects develop.
COMMUNITY ELIGIBILITY
I. Participating Communities - Communities currently participating in the
CAP or communities who have participated in the past, but due to
recapture are no longer active in the program, will be eligible to apply
for funds from the loan pool.
2. New Communities - New communities who participate in the County's CDBG
program are eligible to participate in the loan pool after completion and
approval of a CAP community application.
The CAP community application will consist of the minimum community
eligibility qualifications adopted for the 1986 CAP program by the Board
of Commissioners through Miscellaneous Resolution #85308 of October 24,
1985 and modified for this purpose (see Exhibit #1).
Community applications will be accepted at any time as long as funds are
available. OCCD will review and approve new communities participation in
the loan pool based on their successful completion of the application.
New communities will be required to enter into a Letter of Agreement with
the County.
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Villages
Beverly Hills
Clarkston
Holly
Lake Orion
Milford
Oxford
CAP ALLOCATION
I. Participati ties - Every participating community is eligible to
receive from the CAP loan pool the difference between what was depleted
during the communities program participation and their original
allocation plus one project not to exceed $18,000 in CAP funding. The
additional project concept is consistent with Board of Commissioners'
Miscellaneous Resolution #87228 of September 17, 1987.
Table 11
Examples of Funding Available to Participating Communities
Community
City of Berkley
City of Walled Lake
City of Rochester
Original
Allocation
$78,021.00
$30,642.00
$52,381.00
Funds
Depleted
$70,252.00
$30,642.00
$52,381.00
(plus one
project)
Funds Available
From Loan Pool
$7,769 1 project
1 additional project
$0
2. New Communities - New communities are eligible to receive CAP funds to
support up to $100,000 in rehabilitation expenses which represents about
$18:000 in CAP funds.
PROGRAM MECHANICS
Because the allowable allocations exceed the available funds the pool
will operate on a first come first serve basis.
2. OCCD will notify all eligible CAP communities
funds from the loan pool.
ELIGIBLE COMMUNITIES
of the availability of
Townships
Independence
Oakland
Royal Oak
Springfield
Cities
Berkley
Farmington
Ferndale
Hazel Park
Huntington Woods
Keego Harbor
Madison Heights
Oak Park
Pleasant Ridge
*Rochester
Rochester Hills
South Lyon
Walled Lake
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Cities Township Villages
*The City of Rochester has depleted their original allocation plus one
additional project in accordance with the Board of Commissioners
Miscellaneous Resolution #87228 of September 17, 1987.
At the same time, OCCD will notify the remaining communities in the
County CDBG program of their opportunity to participate in the loan pool.
'REMAINING COMMUNITIES
• Auburn Hills
Clawson
Lathrup Village
Northville
Novi
Orchard Lake Village
Sylvan Lake
Troy
Wixom
Addison
Brandon
Commerce
Groveland
Highland
Holly
Lyon
Milford
Orion
Oxford
Rose
West Bloomfield
White Lake
Leonard
Wolverine Lake
Before individual project applications will be accepted from new
communities, the communities must submit and have approved a community
application.
3. The project application process will remain the same as it is under the
current 18 month program participation plan. Applications are first
reviewed and approved by the local CAP committee then submitted to OCCD.
OCCD works with applicants to secure the companion financing to define
the scope of work, and to contract for the work to be done.
4. Funds will be committed to the project at the time the project is ready
to go under construction and all the documentation is complete. Only
when the funds are committed will the reprogramming from the loan pool to
the community fund occur.
MMS/kjf
2/22/88
CRITERIA
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'day of June 1 988
LYNA. Th LLEN, Count
.-
Clerk/Register of
Resolution # 88141 June 9, 1988
Moved by Richard Kuhn supported by Ruel McPherson the resolution
(with Fiscal Note attached) be adopted.
AYES: Jensen, R. Kuhn, S. Kuhn, Lanni, Luxon, McDonald, A. McPherson,
R. YOherson, Moffitt, Oaks, Page, Pernick, Price, Rewold, Skarritt, Aaron,
Bishop, Caddell, Calandro, Crake, Doyon, Hobart. (22)
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
which was adopted by the Oakland County Board of Commissioners at their meeting held
on dune 9, 1988
with the original record thereof now rernining 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 9th