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HomeMy WebLinkAboutResolutions - 1987.12.10 - 17895Miscellaneous Resolution # 87343 December 10,, , 1987 BY: PLANNING & BUILDING COMMITTEE, Anne M. Hobart, Chairperson IN RE: DRAIN COMMISSIONER-- RESOLUTION TO APPROVE WALLED LAKE WATER SUPPLY SYSTEM EXTENSION NO. 1 CONTRACT TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS Mr. Chairperson, Ladies and Gentlemen: WHEREAS, the County of Oakland (the "County") has heretofore established and constructed and acquired the Walled Lake Water Supply System pursuant to the provisions of Act No. 185, Public Acts of Michigan, 1957, as amended, and pursuant to the Walled Lake Water Supply System Contract between the County and the City of Walled Lake (the "City") dated as of December 1, 1968, and the Walled Lake Water Supply System Amendment to Contract between the County and the City as of October 1, 1968; and WHEREAS, it is now necessary to improve, enlarge and extend the Walled Lake Water Supply System by the acquisition and construction of the hereinafter-described Walled Lake Water Supply System Extension No. 1; and WHEREAS, by the terms of Act 342, Public Acts of Michigan, 1939, as amended ("Act 342"), the County and the City are authorized to enter into a contract for the acquisition, construction and financing of the Wailed Lake Water Supply System Extension No. 1 consisting of water supply facilities to serve the City and for the payment of the cost thereof by the City, with interest, and the County is then authorized to issue its bonds to provide the funds therefor; and WHEREAS, there has been submitted to this Board of Commissioners a proposed contract between the County, by and through the County Drain Commissioner, County - Agency, party of the first part, and the City, party of the second part, which contract provides for the acquisition, construction and financing of the Walled Lake Water Supply System Exten- sion No. 1 pursuant to Act 342, which contract is herein- after set forth in full. THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMIS- SIONERS OF OAKLAND COUNTY, MICHIGAN; as follows: 1. ESTIMATES OF PERIOD OF USEFULNESS AND COST. The estimate of $880,000 as the cost of the Walled Lake Water Supply System Extension No. 1 and the estimate of 40 years and upwards as the period of usefulness thereof, as submitted to this Board of Commissioners be and the same are approved and adopted. 2. APPROVAL OF CONTRACT. The Walled Lake Water Supply System Extension No. 1 Contract dated as of January 1, 1988, between the County, by and through the County Drain Commissioner, party of the first part, and the City, party of the second part, which contract has been submitted to this Board of Commissioners, be and the same is approved and adopted, and the County Drain Commissioner is authorized and directed to execute and deliver the same for and on behalf of the County, in as many counterparts as may be deemed advisable, after the contract has been executed by the appropriate officials of the City. Said contract reads as follows: -2- 1 I n WALLED LARD WATER SUPPLY SYSTEM EXTENSION NO. 1 CONTRACT THIS CONTRACT, made and entered into as of the first day of January, 1988 and between the COUNTY OF OAKLAND, a county corporation in the State of Michigan (hereinafter sometimes referred to as the "County"), by and through its Drain Commis- sioner, County Agency, party of the first part, and the CITY OF WALLED LAKE, a municipal corporation located in the County (hereinafter sometimes referred to as the "City"), party of the second part. WITNESSETH: WHEREAS, the County has heretofore established and constructed and acquired the Walled Lake Water Supply System pursuant to the provisions of Act No. 185, Public Acts of Michigan, 1957, as amended, and pursuant to the Walled Lake Water Supply System Contract between the County and the City dated as of May 1, 1968, and the Walled Lake Water Supply System Amendment to Contract between the County and the City dated as of October 1, 1968; and WHEREAS, it is now necessary to improve, enlarge and extend the Walled Lake Water Supply System by the acquisition and construction of the hereinafter described water supply system improvements; and WHEREAS, pursuant to Act No. 342, Public Acts of Michigan, 1939, as amended (hereinafter sometimes referred to as "Act 342"), the Board of Commissioners of the County has hereto- fore, by majority vote of its members-elect, authorized and directed that there be established a County system of water , supply improvements and services to serve the City, said system to be known as the "Walled Lake Water Supply System Extension No. 1" (hereinafter sometimes referred to as the "County System" as the "System"), and has designated the Oakland County Drain Commissioner as the County Agency for the System with all powers and duties with respect thereto as are provided by Act 342 (said Drain Commissioner being hereinafter sometimes referred to as the "County Agency"); and WHEREAS, under and subject to the terms of Act 342, the County is authorized, through the County Agency, to acquire and construct the water supply system improvements hereinafter described as constituting the County System, the County and the City are authorized to enter into a contract, as hereinafter provided, for the acquisition and construction of the System by the County and for financing all or part of the cost thereof by the issuance of bonds by the County secured by the pledge of the full faith and credit of the City to pay such cost with interest to the County in installments extending over a period not exceed- ing forty (40) years, and the County is authorized to issue such bonds and, if authorized by majority vote of the member select of its Board of Commissioners, to pledge its full faith and credit for the payment of such bonds and the interest thereon; and WHEREAS, there is an urgent need for such water supply system improvements to provide the means of supplying water to the residents of the City, and thus to promote the health and welfare of such residents, which improvemerl— - benefit the County and its residents, an concluded that such improvements can h efficiently provided and financed by -2- exercise of the powers conferred by Act 342, and especially Sections 5a, 5b and Sc thereof; and WHEREAS, preliminary plans for the County System and also estimates of the cost of the System and the period of usefulness thereof have been prepared by McNamee, Porter & Seeley (hereinafter sometimes referred to as the consulting engineers), and have been submitted to and approved by the Board of Commis- sioners of the County and the Council of the City and placed on file in the office of the County Agency, said estimates being set forth in Exhibit B hereunto attached; and WHEREAS, in order to provide for the acquisition and construction of the System by the County and the financing of the cost thereof by the issuance of County bonds, and for other related matters it is necessary for the parties hereto to enter into this contract. THEREFORE, IN CONSIDERATION OF THE PREMISES AND THE COVENANTS OF EACH OTHER, THE PARTIES HERETO AGREE AS FOLLOWS: 1. The parties hereto hereby approve and agree to the establishment, acquisition, construction and financing of the Walled Lake Water Supply System Extension No. 1 as herein provided, under and. pursuant, to Act 342. The City by way of compliance with Section 29, Article VII, Michigan Constitution of 1963, consents and agrees to the establishment and location of the System within its corporate boundaries and to the use by the County of its streets, highways, alleys, lands, rights-of-way or other public places for the purpose and facilities of the System and any improvements, enlargements and extensions thereof, and the City further agrees that, in order to evidence and effectuate -3- the foregoing agreement and consent, it will execute and deliver to the County such grants of easement, right-of-way, license, permit or consent as may be requested by the County. 2. The Walled Lake Water Supply System Extension No. I shall consist of enlargements, additions and improvements to the existing water supply system facilities as shown on Exhibit A which is hereunto attached and which is hereby made a part hereof, and as are more particularly set forth in the preliminary plans which have been prepared and submitted by the consulting engineers which plans are on file with the County Agency and are hereby approved and adopted. The System shall be acquired and constructed substantially in accordance with the said preliminary plans and in accordance with final plans and specifications to be prepared and submitted by the consulting engineers, but varia- tions therefrom which do not materially change the location, capacity or overall design of the System, and which do not require an increase in the total estimated cost of the System, may be permitted on the authority of the County Agency. Other variations or changes may be made if approved by the County Agency and by resolution of the City Council and if provisions required by paragraphji hereof are made for payment or financing of any resulting increase in the total estimated cost. The estimate of cost of the System and the estimate, of period of usefulness thereof as set forth in Exhibit B are likewise hereby approved and adopted. 3. The County Agency shall take or cause to be taken all actions required or necessary, in accordance with Act 342, to procure the issuance and sale of bonds by the County, in one or more series, in whatever aggregate principal amount is necessary to be so financed to defray that part of the total cost of the -4- County System which is in excess of funds available from other sources. Such bonds shall be issued in anticipation of, and be payable primarily from, the payments to be made by the City to the County as provided in this contract, and shall be secured secondarily, if so voted by the Board of Commissioners of the County, by the pledge of the full faith and credit of the County, and the said bonds shall be payable in annual maturities the last of which shall be not more than forty years from the date thereof. 4. The County Agency shall proceed to take construc- tion bids for the System and, subject to the sale and delivery of said bonds, enter into construction contracts with the lowest responsive and responsible bidder or bidders, procure from the contractors all necessary and proper bonds and insurance, cause the System to be constructed within a reasonable time, and do all other things required by this contract and the laws of the State of Michigan and the United States of America. All certificates for required payments to contractors shall be approved by the consulting engineers before presentation to the County Agency and the latter shall be entitled to rely on such approval in making payment. The County hereby agrees that it will secure and maintain, or cause to be secured and maintained, during the period of construction adequate property damage and public liability insurance covering all facilities to be constructed pursuant to this contract. All policies and memorandums of insurance shall provide that the County and the City shall be insured parties thereunder and shall contain a provision requir- ing that the City be notified at least ten days prior to -5- cancellation thereof. One copy of each policy and memorandum of insurance shall be filed with the City. 5. It is understood and agreed by the parties hereto that the System is to serve the City and not the individual property owners and users thereof, unless by special arrangement between the County Agency and the City. The responsibility of requiring connection to and use of the System and/or providing such additional facilities as may be needed shall be that of the City which shall cause to be constructed and maintained, directly or through the County, any such necessary additional facilities. The County shall not be obligated to acquire or construct any facilities other than those designated in paragraph 2 hereof. 6. The City shall pay to the County the total cost of the System (less such funds as may become available from other sources), which total cost for this purpose shall include, in addition to the items of the nature set forth in Exhibit B (represented by the principal amount of the bonds to be issued by the County plus such funds as may become available from other sources), all interest payable by the County on said bonds and all paving agent fees, and other expenses and charges (including the County Agency's administrative expenses) which are payable on account of said bonds (such fees, expenses and charges being herein called "bond service charges"). Such payments shall be made to the County in annual installments which shall be due and payable at least thirty days prior to the day of the month specified in the County bonds as the annual principal maturity date thereof. Such an annual installment shall be so paid in each year if any principal and/or non-capitalized interest on said bonds falls due during the twelve-month period beginning on such principal maturity date in said year, and the amount of each -6- I installment so due and payable shall be at least sufficient to pay all such principal and/or interest thus falling due and all bond service charges then due and payable. The County Agency shall, within thirty days after delivery of the County bonds to _ the purchaser, furnish the City Treasurer with a complete schedule of the principal and interest maturities thereon, and the County Agency shall also, at least thirty days before each payment is due to be made by the City, advise the City Treasurer of the amount payable to the County on such date. If the City fails to make any payment to the County when due, the same shall be subject to a penalty of 1% thereof for each month or fraction thereof that such amount remains unpaid after due. Failure of the County Agency to furnish the schedule or give the notice as above required shall not excuse the City from the obligation to make payment when due. Such payments shall be made by the City when due whether or not the System has then been completed or placed in operation. In the event that additional County bonds shall be issued under the authority of this contract to defray a part of the cost of the System, the foregoing obligations shall apply to such part of the cost and to said additional bonds insofar as appropriate thereto. 7. The City may pay in advance any amount payable to the County pursuant to this contract and in that event shall be credited therefor on future -due amounts as may be agreed by the parties hereto. The City also may pay in advance any one or more installments or any part thereof (a) by surrendering to the County any of said County bonds of like principal amount or (b) by paying to the County in cash the principal amount of any County bonds which are subject to redemption prior to maturity, plus all interest thereon to the first date upon which such bonds may be called for redemption, and plus all applicable call -7- premiums and bond service charges, and in such event the County Agency shall call said bonds for redemption at the earliest possible date. The installments or parts thereof so prepaid shall be deemed to be the installments or parts thereof falling due in the same calendar year as the maturity dates of the bonds surrendered or called for redemption and bonds so surrendered or redeemed shall be cancelled. 8. In the event that it shall become necessary to increase the estimated cost of the System as hereinbefore stated, or if the actual cost of the System shall exceed the estimated cost, whether as the result of variations or changes permitted to be made in the approved plans or otherwise, then (without execu- tion of any further contract or amendment of this contract) the City Council may, by resolution adopted within fifteen days after the receipt of construction bids, direct that a portion of the System be deleted sufficient to reduce the total cost to an amount which shall not exceed the total estimated cost as herein- before stated by more than 5%, provided that such deletion shall not materially change the general scope, overall design and purpose of the System, or in the absence of the adoption of such a resolution the City, shall pay or procure the payment of the increase or excess in cash, or County bonds in an increased or additional amount shall (upon adoption of an authorizing resolu- tion therefor by the Board of Commissioners) be issued to defray such increased or excess cost, to the extent that funds therefor are not available from other sources: Provided, however, that no such increase or excess shall be approved and no such increased or additional County bonds shall be authorized to be issued, nor shall the County enter into any contract for acquisition or construction of the System or any part thereof or incur any obligation for or pay any item of cost therefor, where the effect -8-- thereof would be to cause the total cost of the System to exceed by more than 5% its total estimated cost as hereinbefore stated, unless the City Council shall have previously adopted a resolu- tion approving such increase or excess and agreeing that the same (or such part thereof as is not available from other sources) shall be paid or its payment procured by the City in cash or be defrayed by the issuance of increased or additional County bonds in anticipation of increased or additional payments agreed to be made by the City to the County in the manner hereinbef ore provided: Provided, further, that the adoption of such resolu- tion by the City Council shall not be required prior to or as a condition precedent to the issuance of additional bonds by the County if the County has previously issued or contracted to sell bonds to pay all or part of the cost of the System and the issuance of the additional bonds is necessary (as determined by the County) to pay such increased, additional or excess costs as are essential to completion of the System according to the plans as last approved prior to the time when the previous bonds were issued or contracted to be sold. 9. In the event that the actual cost of the System is less than the total estimated cost, then any surplus available to the County from the sale of County bonds, at the option of the City Council, shall be used to improve, enlarge or extend the System within the Walled Lake Water Supply District, to apply upon future payments due to the County, to redeem bonds or to purchase bonds on the open market, provided that such surplus shall be used to improve, enlarge or extend the System only if authorized by the Board of Commissioners. Any such surplus may, for the purpose of improving, enlarging or extending the System, be supplemented by cash payments to be made by the City, or such improvements, enlargements or extensions may be financed entirely -9- from such cash payments, where authorized by the City Council. where any such surplus is used to redeem or purchase bonds, the same shall be cancelled, and the payments thereafter required to be made by the City to the County shall be reduced so as to reflect the resulting saving of interest and the payment required to be made in the calendar year of the stated maturity of said bonds shall be reduced by the principal amount thereof. 10. Should the City fail for any reason to pay the County at the times specified, the amounts herein required to be paid, the City does hereby authorize the State Treasurer or other official charged with the disbursement of unrestricted state funds returnable to the City pursuant to the Michigan constitu- tion to withhold sufficient funds to make up any default or deficiency in funds. If the full faith and credit of the County is pledged for the prompt payment of the principal of and interest on the bonds to be issued by the County and if the County is required to advance any money by reason of such pledge on account of the delinquency of the City, the County Treasurer is hereby authorized to notify the State Treasurer to deduct the amount of money so advanced by the County from any unrestricted moneys in the State Treasurer's possession belonging to the City and to pay such amount to the County. The foregoing shall not operate to limit the County's right to pursue any other legal remedies for the reimbursement of moneys advanced on account of the default of the City. 11, The City, pursuant to the authorization of Section 5a of Act No. 342, hereby pledges its full faith and credit for the prompt and timely payment of its obligations expressed in this contract and each year shall levy a tax in an amount which, -10- taking into consideration estimated delinquencies in tax collec- tions, will be sufficient to pay its obligations under this contract becoming due before the time of the following year's tax collections: Provided, however, that if at the time of making its annual tax levy, the City shall have on hand in cash other funds (including but not limited to funds from special assess- ments, user charges or connection fees) which have been set aside and pledged or are otherwise available for the payment of such contractual obligations falling due prior to the time of the next tax collection, then the annual tax levy may be reduced by such amount: and Provided further, however, that any taxes levied by the City shall be subject to applicable constitutional, statutory and charter tax rate limitations. The City Council shall each year, at least 90 days prior to the final date provided by law for the making of the annual City tax levy, submit to the county Agency a written statement setting forth the amount of its obligations to the County which become due and payable under this contract prior to the time of the next following year's tax collections, the amount of the funds which the City has or will have on hand or to its credit in the hands of the County which have been set aside and pledged for payment of said obligations to the County, and the amount of the City taxes next proposed to be levied for the purpose of raising money to meet such obligations. The County Agency shall review such statement promptly and, if he finds that the proposed City tax levy is insufficient, he shall so notify the City Council, and the City hereby covenants and agrees that it will thereupon increase its levy to such extent as may be required by the County Agency. 12. No change in the jurisdiction over any territory in the City shall in any manner impair the obligations of this contract or affect the obligations of the City hereunder. In the -11- event that all or any part of the territory of the City is incorporated as a new city or is annexed to or becomes a part of the territory of another municipality, the municipality into which such territory is incorporated or to which such territory is annexed shall assume the proper proportionate share of the contractual obligations (including the pledge of full faith and credit) of the City, which proper proportionate share shall be fixed and determined by the County Agency and 'shall be binding upon all parties concerned unless, within sixty (60) days after such incorporation or annexation becomes effective, the governing body of the municipality into which such territory is incorporated or to Which such territory is annexed and the City Council shall by mutual agreement and with the written approval of the County Agency fix and determine such proper proportionate share. The County Agency shall, prior to making such determina- tion, receive a written recommendation as to the proper proportionate share from a committee composed, of one representa- tive designated by the City Council of the City, one designated by the governing body of the new municipality or the municipality annexing such territory, and one independent registered engineer appointed by the County Agency. Each governmental unit shall appoint its representative within fifteen (15) days after being notified to do so by the County Agency and within a like time the County Agency shall appoint the engineer third member. If any such representative (other than the appointee of the County Agency) is not appointed within the time above provided, then the County Agency may proceed without said recommendation. If the committee shall not make the recommendation within forty-five (45) days after its appointment or within any extension thereof by the County Agency, then the County Agency may proceed without such recommendation. -12- 13. This contract is contingent upon the County issuing its negotiable bonds, as herein provided, to defray such part of the total estimated cost of the System as is necessary to be financed, which bonds shall be issued under the authorization provided in Section 5a, 5b and 5c of Act 342. Interest on the bonds may be capitalized and paid from the bond proceeds for a period not exceeding the estimated construction period and one year thereafter. In the event that the bonds are not issued within three years from the date of this contract, then unless extended by mutual agreement it shall become null and void, except that the City shall pay all engineering, legal and other costs and expenses theretofore incurred and shall be entitled to all plans, specifications and other engineering data and materials. 14. Upon completion of the System the County does hereby lease the same to the City to operate and maintain the same upon the following terms and conditions: (a) The System shall be used only to serve area in the Walled Lake Water Supply District heretofore established by the Oakland County Board of Supervisors unless the area to be served thereby is enlarged by agreement between the City and the County Agency. (b) The City shall maintain the System in good condition. (c) The City shall make and collect from the individual users of the System such charges for water supply services as shall be sufficient at least to pay the cost of operating and maintaining the System and to establish a fund for replacements, improvements and major maintenance of the System. In addition, the City may make and collect such charges to individual users as shall be necessary to pay the operating and collection costs of the City and to provide such other funds for water supply purposes as are deemed desirable. The -13- City shall enforce prompt payment of all such charges as the same shall become due, and the receipts from such charges shall be deposited in a separate account or enterprise fund to be established and maintained by the City. (d) The City shall establish such charges as specified in paragraph (c) to be paid to the City quarterly or more often commencing with the first day of the calendar quarter in which the System is put into operation. The City hereby accepts the lease of the 'istern upon the terms and conditions herein set forth. It is further agreed with respect to the System that at all times during the operation thereof by the City, as lessee, that it will obtain and maintain in effect adequate property damage, public liability and workmen's compensation insurance covering all facilities leased to the City under any contract with the County now or hereafter in effect. All policies and memorandums of insurance shall provide that the County and the City shall be insured parties thereunder and shall contain a provision requiring that the County be notified at least ten days prior to cancellation thereof. One copy of each policy and memorandum of insurance shall be filed with the County Agency. 15. The County shall have no obligation or responsibil- ity for providing water or water supply facilities except as herein expressly provided with respect to the acquisition of the System or as otherwise provided by contract. The City shall have the authority and the responsibility to provide such other facilities and shall have the right to expand the facilities of the System by constructing or extending water mains and trunks or related facilities, connecting the same to the System, and other- wise improving the system. It is expressly agreed, nevertheless, -14- that no such connection (other than individual unit tap-ins) shall be made to the System and no improvements, enlargements or extensions thereof shall be made without first securing a permit therefor from the County Agency. Any such permit may be made conditional upon inspection and approval of new construction by the County Agency. 16. All powers, duties and functions vested by this contract in the County shall be exercised and performed by the County Agency, for and on behalf of the County, unless otherwise provided by law or in this contract. 17. The parties hereto recognize that the holders from time to time of the bonds to be issued by the County under the provisions of Act 342, and secured by the full faith and credit pledge of the City to the making of its payments as set forth in this contract, will have contractual rights in this contract, and it is therefore covenanted and agreed that so long as any of said bonds shall remain outstanding and unpaid, the provisions of this contract shall not be subject to any alteration or revision which would in any manner adversely affect either the security of the bonds or the prompt payment of principal or interest thereon. The right to make changes in this contract, by amendment, supple- mental contracts or otherwise, is nevertheless reserved insofar as the same do not have such adverse effect. The parties hereto further covenant and agree that they each will comply with their respective duties and obligations under the terms of this contract promptly, at the times and in the manner herein set forth, and will not suffer to be done any act which would in any way impair the contract of said bonds, the security therefor, or the prompt payment of principal and interest thereon. It is -15- hereby declared that the terms of this contract and of any amen- datory or supplemental contract and any contract entered into pursuant hereto, insofar as they pertain to said bonds or to the payment or the security thereof, shall be deemed to be for the benefit of the holders of said bonds. 18. In the event that any one or more of the provisions of this contract shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions hereof, but this contract shall be construed as if such invalid, illegal or unenforceable provision has never been contained herein. 19. This contract shall become effective upon its execution by each party hereto and the expiration of 45 days after the date of publication of the notice required by Section 5b of Act 342: Provided, however, that if, within the 45-day period, a proper petition is filed with the City Clerk of the City of Walled Lake in accordance with the provisions of said Section 5b of Act 342 then this contract shall not become effec- tive until approved by the vote of a majority of the electors of the City qualified to vote and voting thereon at a general or special election. This contract shall terminate forty (40) years from the date hereof or on such earlier date as shall be mutually agreed: Provided, however, that it shall not be terminated at any time prior to the payment in full of the principal of and interest on the County bonds together with all bond service charges pertaining to said bonds. This contract may be executed in several counterparts The provisions of this contract shall inure to the benefit if and be binding upon the successors and assigns of the parties hereto, -16- By: County Drain Commissioner (County Agency) By: Clerk IN WITNESS WHEREOF, the parties hereto have caused this contract to be executed and delivered by the undersigned, being duly authorized by the respective governing bodies of such parties, all as of the day and year first above written. CITY OF WALLED LAXE COUNTY OF OARLAND By: Mayor PMW/09007/0188/A30/2 -17-- I nty Axes0., at • -3. 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I EXHIBIT 4' CONSULTING ENGNEER McNAMEE, PORTER and SEELEY COUNTY SERVICES - PROJECT MANAGEMENT Engineering Administration Right-of-Way (Including Legal) Construction Inspection Soil Erosion Permit (Act 347) - CONTINGENCY $ 18,000 6,000 52,400 31,200 1,350 $ 58,150 $89,400 2,400 $ 91,800 8,300 4,800 5,000 4,000 1,000 2,000 Engineering Consulting Engineer Soil Borings Bond Counsel Financial Counsel C.P.A. Reort Bond Proszectus Bond Printing Publishing WALLED LAKE WATER SUPPLY SYSTEM EXTENSION NO. 1 ESTIMATE OF COST CONTRACTED SERVICES - CONSTRUCTION 16-inch Water Main - 2000 L.F. 12-inch Water Main 3400 L.F. Water Main Tunnel Bores 200 L.F. Hydrants 10 Ea. 16-inch Gate Valve & Well 2 Ea. 12-inch Gate Valve & Well 4 Ea. Meter Vault 1 Ea. @ $ 102.00 = $204,000 50.00 = 170,000 200.00 = 40,000 1800.00 = 18,000 4000.00 = 8,000 1500.00 = 6,000 @ 150,000.00 = 150,000 = $596,000 TOTAL CONSTRUCTION COST CONTRACTED SERVICES - PROJECT DEVELOPMENT TOTAL ESTIMATED PROJECT COST = $880,000 I hereby estimate the period of usefulness of this facility to be Forty (40) years and upwards. McNAMEE, PORTER & SEELEY /2 By: dated November 9, 1987 EXHIBIT "B" Moved by Hobart supported by Caddell the resolution be adopted. AYES: Bishop, Caddell, Calandro, Crake, Gosling, Hobart, Jensen, R. Kuhn, S. Kuhn, Lanni, Law, Luxon, McConnell, McDonald, A. McPherson, R. McPherson, Moffitt, Oaks, Page, Pernick, Price, Rewold, Rowland, Skarritt, Wilcox, Aaron. (26) NAYS: None. (0) ABSENT: Doyon. (1) A sufficient majority having voted therefor, the resolution was adopted. STATE OF MICHIGAN ) ) SS: COUNTY OF OAKLAND ) I, the undersigned County Clerk of the County of Oakland, hereby certify that the foregoing is a true and complete copy of a resolution duly adopted by the Bbard of Commissioners of said County at a regular meeting held on December 10 , 1987, the original of which resolution is on file in my office. I further certify that notice of said meeting was given in accordance with the provisions of the open meetings act. Lynn D, Alln County ClerK County of Oakland JAE/09007/0188/A17/3 -4-, 10th day of 7 ) December 1987 County Clerk/Register of Deeds ALLE RESOLUTION # 87343 December 10, 1987 Moved by Hobart supported by Caddell the resolution be adopted. AYES: Bishop, Caddell, Calandro, Crake, Gosling, Hobart, Jensen, R. Kuhn, S. Kuhn, Lanni, Law, Luxon, McConnell, McDonald, A. McPherson, R. McPherson, Moffitt, Oaks, Page, Pernick, Price, Rewold, Rowland, Skarritt, Wilcox, Aaron. (26) 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 this Miscellaneous Resolution adopted by the Oakland County Board of Comm i ssioners at their meeting held on December 10, 1987 with the orginial 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 th I s