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HomeMy WebLinkAboutResolutions - 1987.09.03 - 17927August 13, 1987 MISCELLANEOUS RESOLUTION NO. 87217-, BY: COMMISSIONER. MARILXNN E. GOSLING' • INRE: Drain'Commissioner - ADVANCE FOR LAKE IMPROVEMENT 'PROJECT FOR LAKE CHARNWOOD . . TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS Mr. Chairperson, Ladles and Gentlemen: *WHEREAS, Act. 345 of the•Public Acts of 1966, the Inland Lake Improvement.-Act, establishes a procedure ±r the establishment of a _ lake improVement board. for inland lakes in thestateof Michigan; and WHEREAS, after the receipt of petitions signed by two-thirds of the freeholders owning land abutting Lake Charnwood, the City of Troy by a resolution adopted May 19, 1986.established a Lake Improve- ment Board or Lake Charnwood under the, provisions of 'Act 345; and . WHEREAS,. the 'Lake Imnrovement Board for Lake ,Charnwood has retained a:registered professional engineer to prepare an engineering feasibilityrenort,-dated April, 1987, which recommendS a lake dredging project to -remove 'and. properly dispose of undesirable accumulated materials„,primarily mtck, from the bottom of Lake.Charnwood and . • . , thereby to-deepen the .averaae depth of the lake to about 8 feet; and WHEREAS, the Lake improvement. Board for Lake CharnwOod held . a public hearingon the_practicability.of the proposed lake dredging project on ne,10, 1987, and based on the almost unanimous support for the lake, dredging prolect the Lake Imnrovement Board made a determinatiOn.that the lake dredging project was practicable and that the Board shotld Proceed with the improvement; and WHEREAS, the proposed lake dredging project for Lake Charm- wood would'nrOVide for the protection Of the public health, welfare,' and safety,. and would conserve the natural resources of the state and would preserve and enhance property values around Lake Charnwood; and 'WHEREAS, the residents on lake Charnwood will be subject a special assessment to, recover the cost of the lake dredging project in theapprOximate athount of -7.200,000 plus interest v to be collected over a period of 10 years in ecual installments; and WHEREAS, the Board of Commissioners has previously made three -advances_lor .the .replatement of lake level structures on lakes in . Oakland -Cotnty_With the advances to be repaid without interest over a period of years from special assessments;.and THE OcZC4NG RESOLL our cutive • o 41 RILYNN. L. Gosling, Commissioner Distrio -,- 14 WHEREAS, the Lake Improvement Board for Lake Charnwood by a resolution adopted June 23, 1987 requested that Oakland County advance the.cost.of the proposed lake dredging proi-ect for Lake Charn- wood in the apprOximate amount of $200000, with the full amount of the advance to he repaid from a special zasessment roll to be collected over a period of 10..years in eaual installments, said repayment to be with interest at a' rate to be established by the Board Of Commissioners; - and WHEREAS;- the advance of the cost of the proposed lake dredging project 'for Lake Charnwood will permit the Lake Improvement Board to proceed,with'the dredging project in a timely manner to achieve the .maximum environmental benefit and will redUce the expense of the project; and . • WHEREAS, the County Board of Commissioenrs may advance such funds on a lOan basis, to be repaid with interest over a period 10 years at the rate. cf -six_ per annum upon the confirmation of a special assessment roll to be spread against all parcels -of land which will benefit from the ImProvement of the lake; _ . NOW THEREFORE BE IT RESOLVED, that the Oakland County Board of Commissioners,'dOesherebv authorize the advance of up to the sum of $200,000 to theLake Improvement Board for Lake -Charnwood, said advance to be repaid over 'aperiod of.10-vears'withinterest at an •Qh.. annual rate of six rbm_the proceeds of -a. Special assessment roll against alljDarcels of land which will benefit from the improvement of the lake. BE .IT - FURTHER RESOLVED, that no advance shall be made to the Lake Improvement Board for Lake Charnwood until a special assessment roll- has been oonfirmed pursuant to theprovisions of Act 345 of the Public Acts of 1966. FISCAL NOTE BY: FINANCE CC =TTEE, DR. G. WILLIAM CADDELL, CHAIRPERSON IN RE: MAI COMMISSIONER - ADVANCE FOR LAKE THPRO-r - PROJECT FOR LAKE - MISCELLANEOUS RESOLUTION #87215 TO THE OAKLAND COUYTY BOARD OF COMMISSIONERS Mr. Chairperson, Ladies and Gentlemen.: Pursuant to Rule XI-G of this Board, the Finance Committee has reviewed Miscellaneous Resolution #87215 and finds: 1) The Lake Improvement Board for Lake Charnwood has requested an advance of up to $200,000 for the proposed lake dredging project for Lake Charnwood, 2) The advance will be repaid from a special assessment roll over a period of ten (10) years in equal installments with interest at an annual rate of six (6) percent, 3) No advance shall be made to the Lake Improvement Board for Lake Charnwood until a special assessment roll has been confirmed pursuant to the provisions of Act 345 of the Public Acts of 1966, 4) Provisions of Act 345 of the Public Acts of 1966 authorize a County Board of Commissioners to provide for a revolving fund to pay for the preliminary costs of lake improvement projects, 5) The Finance Committee finds an amount of up to $200,000 in the General Fund available for transfer to the Lake Improvement Revolving Fund and transfers said amount as follows: 1-10100-001-001 General Fund $(200,000) 1-10100-186-655 Lake Improvement 200,000 Revolving Fund FINANCE COMMITTEE 3rd day o Co er 19 87 ALLEN y Clerk/Register of Deeds # 87215 September 3, 1987 Moved by Hobart supported by Gosling the Planning and Building Report be accepted. A sufficient majority having voted therefor, the Planning and Building Report was accepted. Discussion followed. Moved by Angus McPherson supported by Pernick the resolution be laid on the table. AYES: Ruel McPherson, Pernick, Price, Rowland, Aaron, Doyon, Angus McPherson. (7) NAYS: Moffitt, Nelson, Page, Rewold, Skarritt, Wilcox, Caddell, Calandro, Crake, Gosling, Hobart, Jensen, Richard Kuhn, Lanni, Law, McConnell. (16) A sufficient majority not having voted therefor, the motion to table failed. Discussion followed. Moved by Aaron supported by Pernick the interest be set at prime rate and the interest rate be floating during the term of contract. Commissioner Gosling requested that Bob Fredericks speak to the Board regarding the setting of rates. Bob Fredericks addressed the Board. The Chairperson cleared the floor. Moved by Aaron supported by Pernick to amend the resolution to show an 8.5% interest rate, firm. AYES: Pernick, Rowland, Aaron, Jensen, Angus McPherson, Ruel McPherson. (6) NAYS: Nelson, Page, Rewold, Skarritt, Wilcox, Caddell, Calandro, Crake, Doyon, Gosling, Hobart, Richard Kuhn, Lanni, Law, McConnell. (15) A sufficient majority not having voted therefor, the amendment failed. Vote on resolution: AYES: Page, Rewold, Skarritt, Wilcox, Calandro, Crake, Gosling, Hobart, Jensen, Richard Kuhn, Lanni, Law, McConnell, Nelson. (14) NAYS: Pernick, Rowland, Aaron, Doyon, Angus McPherson, Ruel McPherson. (6) 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 Commissioners at their meeting held on September 31987 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 this