HomeMy WebLinkAboutResolutions - 1988.10.27 - 17616MISCELLANEOUS RESOLUTION 88271 October 13, 1988
By: PLANNING AND BUILDING COMMITTEE - Anne M. Hobart,
Chairperson
In Re: Department of Corporation Counsel - Third
Amendment of Lease to Oakland County Employees
Credit Union
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS:
Mr. Chairperson, Ladies, and Gentlemen:
WHEREAS pursuant to Miscellaneous Resolution #4447
adopted on June 28, 1965, the County leased to the Oakland
County Employees Credit Union approximately 0.58 acres of land
on the County Service Center for a term of 40 years (June 28,
2005); and
WHEREAS this lease was amended on September 21, 1971 by
Miscellaneous Resolution #5802 and on April 17, 1986 by
Miscellaneous Resolution #86101; and
WHEREAS, the amended lease dated September 21, 1971 was
for additional acreage; and
WHEREAS the second amended lease dated April 17, 1986
was for additional acreage for the purpose of building
expansion; and
WHEREAS the Oakland County Employees Credit Union,
through its president, Mr. John Jones, has requested an
extension of time on the lease which would be for an
additional 23 years; and
WHEREAS the County of Oakland and the Oakland County
Employees Credit Union agree to amend Paragraph #3 of the
original lease dated June 28, 1965, to include all parking
areas and landscaping.
NOW THEREFORE BE IT RESOLVED that the Oakland County
Board of Commissioners agrees to amend the terms of the
original lease with the Oakland County Employees Credit Union
extending the expiration date from June 28, 2005 to June 28,
2028.
BE IT FURTHER RESOLVED that Paragraph #3 of this lease
is amended to read as follows:
I
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Y APPROVE TH7 FO or; RFSOLUTION
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3. It is agreed that the
preliminary plans and sketches for
any buildings, structures, future
additions, alterations of
buildings, and all parking area and
landscaping, shall be submitted to
and approved by the County of
Oakland and that no construction
will be begun until such approval is
obtained.
BE IT FURTHER RESOLVED that the Oakland County Board of
Commissioners directs its Chairperson to execute the third
amendment.
Mr. Chairperson, on behalf of the Planning and Building
Committee, I move the adoption of the foregoing resolution.
PLANNING AND BUILDING COMMITTEE
October 27, 1988
FISCAL NOTE
BY: FINANCE COMMITTEE, DR. G. WITTJAM CADDELL, CHAIRPERSON
IN RE: DEPARTMENT OF CORPORATION COUNSEL THIRD ,1 ITOF LEASE TO•
OAKLAND COUNTY EMPLOYEE'S CREDIT UNION MISCELLANEOUS RESOLUTION
#88271
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
Per Miscellaneous Resolution #88271 the Planning and Building
Committee has approved and recommends the following Third Amendment of
Lease to Oakland County Employees Credit Union:
1) Extend the lease expiration date from June 28, 2005 to June 28,
2028, to provide for a 40 year period for the amortization of
current building additions in accordance with generally accepted
accounting practices and principles; and
2) Amend paragraph #3 of this lease to read as follows:
3. It is agreed that the preliminary plans and sketches for any
buildings, structures, future additions, alterations of
buildings, and all parking area and landscaping, shall be
submitted to and approved by the County of Oakland and that no
construction will be begun until such approval is obtained.
3) In consideration of one dollar ($1.00) the County of Oakland
hereby agrees to extend the terms of the lease and amendments to
June 28, 2028; said amended lease to be executed by the
Chairperson of the Oakland county Board of Commissioners.
FINANCE COMMITTEE
Resolution # 88271
October 27 $ 1988
LYNN/t. ALLEN, County Clerk/Register of De
October 'clay of 19 88
Moved by Hobart supported by Oaks the resolution (with Fiscal Note
attached) be adopted.
Discussion followed.
Vote on resolution:
AYES: R. McPherson, Oaks, Page, Pernick, Price, Rewold, Rowland, Skarritt,
Aaron, Caddell, Calandro, Crake, Gosling, Hobart, Jensen, R. Kuhn, S. Kuhn, Lanni,
Luxon, McConnell, McDonald, A. McPherson. (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 adopted by the Oakland County Board of Commissioners at their regular
, meeting held on October .27.$ 1988
with the original record thereof now remaining 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 27th