HomeMy WebLinkAboutResolutions - 1990.11.08 - 18293November 8, 1990
MISCELLANEOUS RESOLUTION 90263
BY: FINANCE COMMITTEE, DR. G. WILLIAM CADDELL, CHAIRPERSON
IN RE: DRAIN COMMISSIONER-TIMING OF FUND ADVANCE FOR BUNNY RUN LAKE
PROJECT
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS, the Oakland County Board of Commissioners adopted
Miscellaneous Resolution No. 89131 on May 25, 1989, directing the
Prosecuting Attorney to institute a complaint to establish a lake level
for Bunny Run Lake, as provided in Act 146 of the Public Acts of 1961; and
WHEREAS, the Oakland County Circuit Court by its order dated July 9,
1990 established the normal height and level for Bunny Run Lake and
confirmed a special assessment district whose residents will be assessed
for the cost of construction and future maintenance for the Bunny Run Lake
Dam; and
WHEREAS, the Oakland County Board of Commissioners adopted
Miscellaneous Resolution No. 90133 on August 30, 1990, authorizing the
advance of a sum not to exceed $285,000 to the lake level control district
for Bunny Run Lake to be repaid with interest to Oakland County; and
WHEREAS Miscellaneous Resolution 90133 also provided "that no advance
shall be made to the lake level control district for Bunny Run Lake until
a special assessment roll has been confirmed pursuant to the provisions of
Act 146 of the Public Acts of 1961."; and
WHEREAS, the Drain Commissioner has determined that the cost to the
residents in the special assessment district can be reduced if the special
assessment roll is adopted and confirmed on or about July 1, 1991 after
the exact cost of construction of the Bunny Run Lake Dam is known; and
WHEREAS, the postponement of the adoption and confirmation of the
special assessment roll for the Bunny Run Lake Dam will not represent an
additional cost to Oakland County because all funds advanced for the
construction of the dam will earn interest from the date that the advance
of funds is made; and
WHEREAS, the Drain Commissioner requests that the Oakland County Board
of Commissioners rescind the requirement of Miscellaneous Resolution 90133
that no advance be made to the lake level control district until a special
assessment roll has been confirmed, and authorize the advance of the sum
not to exceed $285,000 at the interest rate set by the Board of
Commissioners prior to the adoption and confirmation of the special
assessment roll, with the understanding that the special assessment roll
will be adopted and confirmed on or before July 1, 1991.
NOW THEREFORE BE IT RESOLVED, that the Oakland County Board of
Commissioners hereby amends Miscellaneous Resolution 90133 adopted on
August 30, 1990 to authorize the advance of the sum not to exceed $285,000
at an interest rate equal to the six-month Treasury Bills as of August 30,
1990, with the advance of funds to be made as necessary during the
construction of the Bunny Run Lake Dam.
BE IT FURTHER RESOLVED, that the Drain Commissioner shall adopt the
special assessment roll for the repayment of the funds advanced, and
present it for confirmation to the Oakland County Board of Commissioners
on or before July 1, 1991.
Mr. Chairperson, on behalf of the Finance Committee, I move the
adoption of the foregoing resolution.
FINANCE COMMITTEE
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P FIEREBY APrm()VE THE FOREGOING RESOLUTION
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Resolution # 90263 Nov. 8, 1990
Moved by Caddell supported by Crake the resolution be adopted.
AYES: Calandro, Chester, Crake, Ferrens, Gosling, Huntoon, Jensen,
Johnson, R. Kuhn, S. Kuhn, Law, Luxon, McConnell, McCulloch, McPherson, Oaks,
Olsen, Pernick, Price, Rewold, Skarritt, Wolf, Aaron, Bishop, Caddell. (25)
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, do hereby certify that the foregoing
resolution is a true and accurate copy of a resolution adopted by the Oakland County
.Board of Commissioners on Novpmhpr 8 lqqa
with the original record thereof now remaining in 'Fry office.
In Testimony Whereof, I have hereunto set Fly hand and affixed the seal of the /County
of Oakland at Pontiac, Michigan this 8th dayle -Nev-e-rrib e )7-71 19 91!
Lyri,—D. Allen, County Clerk