HomeMy WebLinkAboutResolutions - 1990.10.11 - 18319Miscellaneous Resolution # 90250 October 11, 1990
BY: PLANNING & BUILDING COMMITTEE,
LARRY CRAKE, CHAIRPERSON
IN RE: DRAIN COMMISSIONER--
RESOLUTION TO AUTHORIZE THE ISSUANCE OF BONDS
TO DEFRAY PART OF THE COST OF EVERGREEN-
FARMINGTON SEWAGE DISPOSAL SYSTEM POLLUTION
CONTROL FACILITIES -- SEGMENT I AND II
IMPROVEMENTS
TO: THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS, the County of Oakland (the "County") has
entered into certain contracts with municipalities located in the-
County pursuant to the provisions of Act No. 342, Public Acts of
Michigan, 1939, as amended ("Act 342"), as follows: (i) the
Evergreen and Farmington Sewage Disposal Systems Pollution
Control Facilities -- Segment II -- Stage 3 Contract dated as of
September 30, 1989, with the Charter Township of West Bloomfield,
the City of Southfield, the City of Farmington Hills and the City
of Orchard Lake Village (the "Stage 3 Contract"); (ii) the
Evergreen and Farmington Sewage Disposal Systems Pollution
Control Facilities -- Segment I-Stage 2, Segment II-Arms J and K-
Local Relief Sewers-SSES Rehabilitation Contract dated as of
April 1, 1990, with the Charter Township of West Bloomfield (the
"West Bloomfield Contract"); (iii) the Evergreen and Farmington
Sewage Disposal System Pollution Control Facilities City of
Farmington Hills Segment II -- Arm D, Local Relief Sewers and
SSES Rehabilitation dated as of April 1, 1990, with the City of
Farmington Hills (the "Farmington Hills Contract"); (iv) the
Evergreen and Farmington Sewage Disposal Systems Pollution
Control Facilities -- Segment II-Arm C and SSES Rehabilitation
dated as of April 1, 1990, with the Village of Bingham Farms, the
City of Bloomfield Hills, the City of Keego Harbor and the
Township of Bloomfield (the "Arm C Contract"); (v) the Evergreen
and Farmington Sewage Disposal Systems Pollution Control
Facilities -- Segment II - Stage 5, Stage B and SSES Rehabilita-
tion Contract dated as of September 1, 1989, with the Village of
Beverly Hills and the City of Southfield (the "Stage 5
Contract"); and (vi) the Evergreen and Farmington Sewage Disposal
System Pollution Control Facilities City of Troy Local Relief
Sewers and SSES Rehabilitation Contract dated as of April 1,
1990, with the City of Troy (the "Troy Contract"); and
WHEREAS, the aforesaid contracts provide for the issu-
ance of bonds by the County to defray the cost of acquiring and
constructing improvements in the aforesaid municipalities as part
of the Evergreen and Farmington Sewage Disposal System, said
bonds to be secured by the contractual obligation of those
municipalities on whose behalf the bonds are issued to pay to the
County amounts sufficient to pay the principal of and interest on
the bonds and to pay such paying agent fees and other expenses as
may be incurred on account of the bonds; and
WHEREAS, the County has been informed that (i) the City
of Troy will pay its obligations under the Troy Contract by cash
contribution; (ii) the Village of Bingham Farms, the City of
Keego Harbor and the Township of Bloomfield will pay their
respective obligations under the Arm C Contract by cash contribu-
tions; (iii) the City of Bloomfield Hills will finance its
obligations under the Arm C Contract through the issuance of
County bonds; (iv) the Village of Beverly Hills will pay a
portion of its obligations under the Stage 5 Contract by cash
contribution and will finance the balance thereof through the-
issuance of County bonds; (v) the City of Orchard Lake Village
will pay its obligations under the Stage 3 Contract by cash
contribution; (vi) the City of Farmington Hills will finance its
obligations under the Stage 3 Contract and the Farmington Hills
Contract through the issuance of County bonds; (vii) the Charter
Township of West Bloomfield will finance its obligations under
the Stage 3 Contract and the West Bloomfield Contract through the
issuance of County bonds; and (viii) the City of Southfield will
finance its obligations under the Stage 3 Contract and the Stage
5 Contract through the issuance of County bonds; and
WHEREAS, the amounts which the Village of Beverly Hills,
the City of Bloomfield Hills, the City of Farmington Hills, the
City of Southfield and the Charter Township of West Bloomfield
will finance through the issuance of County bonds for the payment
of their respective obligations under the Stage 3 Contract, the
West Bloomfield Contract, the Farmington Hills Contract, the Arm
C Contract and the Stage 5 Contract (collectively, the
"Contracts") are set forth on Exhibit A which is attached hereto
and made a part hereof; and
WHEREAS, it is in the best interest of the County of
Oakland that the bonds be issued and the above-described
improvements be acquired and constructed.
THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF OAKLAND COUNTY, MICHIGAN, as follows:
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1. AUTHORIZATION OF BONDS -- PURPOSE. Bonds of the
County aggregating the principal sum of Twelve Million Six
Hundred Fifty Thousand Dollars ($12,650,000) shall be issued and
sold pursuant to the provisions of Act 342, and other applicable
statutory provisions, for the purpose of defraying part of the
cost of acquiring and constructing the improvements described in
the Contracts as part of the Evergreen and Farmington Sewage
Disposal System.
2. BOND DETAILS. The bonds shall be designated
Evergreen-Farmington Sewage Disposal System (Segment I & II)
Bonds; shall be dated December 1, 1990; shall be numbered from 1
upwards; shall be fully registered; shall be in the denomination
of $5,000 each or any integral multiple thereof not exceeding the
aggregate principal amount for each maturity at the option of the
purchaser thereof; shall bear interest at a rate or rates not
exceeding 12% per annum to be determined upon the sale thereof
payable on May 1, 1991, and semiannually thereafter on the first
days of May and November in each year; and shall mature on
November 1 in each year as follows:
1992 $250,000
1993 250,000
1994 300,000
1995 400,000
1996 500,000
1997 500,000
1998 500,000
1999 500,000
2000 750,000
2001 $ 750,000
2002 750,000
2003 750,000
2004 750,000
2005 1,000,000
2006 1,000,000
2007 1,200,000
2008 1,250,000
2009 1,250,000
3. PAYMENT OF PRINCIPAL AND INTEREST. The principal
of and interest on the bonds shall be payable in lawful money of
the United States. Principal shall be payable upon presentation
and surrender of the bonds to the bond registrar and paying agent
as they severally mature. Interest shall be paid to the regis-
tered owner of each bond as shown on the registration books at
the close of business on the 15th day of the calendar month
preceding the month in which the interest payment is due.
Interest shall be paid when due by check or draft drawn upon and
mailed by the bond registrar and paying agent to the registered
owner at the registered address.
4. PRIOR REDEMPTION. Bonds maturing prior to
November 1, 2000, shall not be subject to redemption prior to
maturity. Bonds maturing on and after November 1, 2000, shall be
subject to redemption prior to maturity upon the terms and
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conditions set forth in the form of bond contained in Section 8
hereof.
5. BOND REGISTRAR AND PAYING AGENT. The County
Treasurer shall designate, and may enter into an agreement with,
a bond registrar and paying agent for the bonds which shall be a
bank or trust company located in the State of Michigan which is
qualified to act in such capacity under the laws of the United
States of America or the State of Michigan. The County Treasurer
may from time to time as required designate a similarly qualified
successor bond registrar and paving agent.
6. EXECUTION, AUTHENTICATION AND DELIVERY OF BONDS.
The bonds shall be executed in the name of the County by the
facsimile signatures of the Chairman of the Board of Commis-
sioners and the County Clerk and authenticated by the manual
signature of an authorized representative of the bond registrar
and paying agent, and the seal of the County (or a facsimile
thereof) shall be impressed or imprinted on the bonds. After the
bonds have been executed and authenticated for delivery to the
original purchaser thereof, they shall be delivered by the County
Treasurer to the purchaser upon receipt of the purchase price.
Additional bonds bearing the facsimile signatures of the Chairm0-
of the Board of Commissioners and the County Clerk and upon which
the seal of the County (or a facsimile thereof) is impressed or
imprinted may be delivered to the bond registrar and paying agent
for authentication and delivery in connection with the exchange
or transfer of bonds. The bond registrar and paying agent shall
indicate on each bond the date of its authentication.
7. EXCHANGE AND TRANSFER OF BONDS. Any bond, upon
surrender thereof to the bond registrar and paying agent with a
written instrument of transfer satisfactory to the bond registrar
and paying agent duly executed by the registered owner or his
duly authorized attorney, at the option of the registered owner
thereof, may be exchanged for bonds of any other authorized
denominations of the same aggregate principal amount and maturity
date and bearing the same rate of interest as the surrendered
bond.
Each bond shall be transferable only upon the books of
the County, which shall be kept for that purpose by the bond
registrar and paying agent, upon surrender of such bond together
with a written instrument of transfer satisfactory to the bond
registrar and paying agent duly executed by the registered owner
or his duly authorized attorney.
Upon the exchange or transfer of any bond, the bond
registrar and paying agent on behalf of the County shall cancel
the surrendered bond and shall authenticate and deliver to the
transferee a new bond or bonds of any authorized denomination of
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the same aggregate principal amount and maturity date and bearing
the same rate of interest as the surrendered bond. If, at the
time the bond registrar and paving agent authenticates and
delivers a new bond pursuant to this section, payment of interest
on the bonds is in default, the bond registrar and paying agent
shall endorse upon the new bond the following: "Payment of
interest on this bond is in default. The last date to which
interest has been paid is ."
The County and the bond registrar and paying agent may
deem and treat the person in whose name any bond shall be
registered upon the books of the County as the absolute owner of
such bond, whether such bond shall be overdue or not, for the
purpose of receiving payment of the principal of and interest on
such bond and for all other purposes, and all payments made to
any such registered owner, or upon his order, in accordance with
the provisions of Section 3 of this resolution shall be valid and
effectual to satisfy and discharge the liability upon such bond
to the extent of the sum or sums so paid, and neither the County
nor the bond registrar and paying agent shall be affected by any
notice to the contrary. The County agrees to indemnify and save
the bond registrar and paying agent harmless from and against any
and all loss, cost, charge, expense, judgment or liability-
incurred by it, acting in good faith and without negligence
hereunder, in so treating such registered owner.
For every exchange or transfer of bonds, the County or
the bond registrar and paying agent may make a charge sufficient
to reimburse it for any tax, fee or other governmental charge
required to be paid with respect to such exchange or transfer,
which sum or sums shall be paid by the person requesting such
exchange or transfer as a condition precedent to the exercise of
the privilege of making such exchange or transfer.
The bond registrar and paying agent shall not be
required to transfer or exchange bonds or portions of bonds which
have been selected for redemption.
8. FORM OF BONDS. The bonds shall be in substantially
the following form:
UNITED STATES OF AMERICA
STATE OF MICHIGAN
COUNTY OF OAKLAND
EVERGREEN-FARMINGTON SEWAGE DISPOSAL
SYSTEM (SEGMENT I & II) BONDS
INTEREST RATE MATURITY DATE DATE OF ORIGINAL ISSUE CUSIP
December 1, 1990
Registered Owner:
Principal Amount:
The County of Oakland, State of Michigan (the "County")
acknowledges itself indebted to and for value received hereby
promises to pay to the Registered Owner identified above, or
registered assigns, the Principal Amount set forth above on the
Maturity Date specified above, unless redeemed prior thereto as
hereinafter provided, upon presentation and surrender of this
bond at
in the city of , Michigan, the bond registrar and
paying agent, and to pay to the Registered Owner, as shown on the
registration books at the close of business on the 15th day of
the calendar month preceding the month in which an interest
payment is due, by check or draft drawn upon and mailed by the
bond registrar and paying agent by first class mail postage
prepaid to the Registered Owner at the registered address,
interest on such Principal Amount from the Date of Original Issue
or such later date through which interest shall have been paid
until the County's obligation with respect to the payment of such
Principal Amount is discharged at the rate per annum specified
above. Interest is payable on the first days of May and November
in each year, commencing on May 1, 1991. Principal and interest
are payable in lawful money of the United States of America.
This bond is one of a series of bonds aggregating the
principal sum of Twelve Million Six Hundred Fifty Thousand
Dollars ($12,650,000) issued by the County under and pursuant to
and in full conformity with the Constitution and Statutes of
Michigan (especially Act No. 342, Public Acts of 1939, as
amended) and a bond authorizing resolution adopted by the Board
of Commissioners of the County (the "Resolution") for the purpose
of defraying part of the cost of acquiring and constructing
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een and Farmington Sewage
his series are issued in
by the Village of Beverly
s, the City of Farmington
he Charter Township of West
igors") in the aggregate
Six Hundred Fifty Thousand
rtain contracts between the
n the Resolution. The full
been pledged to the prompt
the interest thereon as the
curity the full faith and
d for the prompt payment of
onds of this series. Taxes
to pay the principal of and
s are subject to constitu-
certain improvements in the Evergr
Disposal system. The bonds of t
anticipation of payments to be made
Hills, the City of Bloomfield Hill
Hills, the City of Southfield and t
Bloomfield (collectively, the "Obi
principal amount of Twelve Million
Dollars ($12,650,000) pursuant to ce
County and the Obligors as described i
faith and credit of the Obligors have
payment of the foregoing amount and
same become due. As additional se
credit of the County have been pledge
the principal of and interest on the b
levied by the County and the Obligors
interest on the bonds of this serie
tional tax limitations.
as provided in the Resolu-
ty kept for that purpose by
upon the surrender of this
nt of transfer satisfactory
gent duly executed by the
uly authorized in writing:
bond a new bond or bonds of
same aggregate principal
te and maturity, shall be
e transferee in exchange
n, and upon payment of the
Bonds so authenticated and
n of $5,000 or any integral
regate principal amount for
This bond is transferable,
tion, only upon the books of the Coun
the bond registrar and paying agent,
bond together with a written instrume
to the bond registrar and paying a
registered owner or his attorney d
Upon the exchange or transfer of this
any authorized denomination, in the
amount and of the same interest ra
authenticated and delivered to th
therefor as provided in the Resolutio
charges, if any, therein provided.
delivered shall be in the denominatio
multiple thereof not exceeding the agg
each maturity.
ying agent shall not be
or portions of bonds which
The bond registrar and pa
required to transfer or exchange bonds
have been selected for redemption.
ovember 1, 2000, are not
ty. Bonds maturing on and
t to redemption prior to
in such order as shall be
e or more interest payment
Bonds of a denomination
redeemed in the amount of
f. If less than all of the
be redeemed, the bonds or
I be selected by lot. The
e of the bond or portion of
interest to the date fixed
s:
Bonds maturing prior to N
subject to redemption prior to maturi
after November 1, 2000, are subjec
maturity at the option of the County,
determined by the County, on any on
dates on and after November 1, 1999.
greater than $5,000 may be partially
$5,000 or any integral multiple thereo
bonds maturing in any year are to
portions of bonds to be redeemed shal
redemption price shall be the par valui
the bond called to be redeemed plus
for redemption and a premium as follow
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1% of the par value if called for redemption
on or after November 1, 1999, but prior
to November 1, 2003;
0.5% of the par value if called for redemption
on or after November 1, 2003, but prior
to November 1, 2006;
No premium if called for redemption on or
after November 1, 2006.
Not less than thirty days' notice of redemption shall be
given to the holders of bonds called to be redeemed by mail to
the recistered holder at the registered address. Bonds or
portions of bonds called for redemption shall not bear interest
after the date fixed for redemption, provided funds are on hand
with the bond registrar and paying agent to redeem the same.
It is hereby certified, recited and declared that all
acts, conditions and things recuired to exist, happen and be
performed precedent to and in the issuance of the bonds of this
series, existed, have happened and have been performed in du*
time, form and manner as required by law, and that the total
indebtedness of said County, including the series of bonds of
which this bond is one, does not exceed any constitutional or
statutory limitation.
IN WITNESS WHEREOF, the County of Oakland, Michigan, by
its Board of Commissioners, has caused this bond to be executed
in its name by facsimile signatures of the Chairman of the Board
of Commissioners and the County Clerk and its corporate seal (or
a facsimile thereof) to be impressed or imprinted hereon. This
bond shall not be valid unless the Certificate of Authentication
has been manually executed by an authorized representative of the
bond registrar and paying agent.
COUNTY OF OAKLAND
(SEAL)
By:
County Clerk Chairman
Board of Commissioners
By:
CERTIFICATE OF AUTHENTICATION
This bond is one of the bonds described in the within-
mentioned Resolution.
Bond Registrar and Paying Agent
By:
Authorized Representative
AUTHENTICATION DATE:
ASSIGNMENT
For value received, the undersigned hereby sells, assigns and
transfers unto
(please print or type name, address and taxpayer identification
number of transferee) the within bond and all rights thereunder
and does hereby irrevocably constitute and appoint
attorney to transfer the within bond on the books kept for
registration thereof, with full power of substitution in the
premises.
Dated:
Signature Guaranteed
The signature must be guaranteed by a commercial bank, a trust
company or a brokerage firm which is a member of a major stock
exchange.
9. SECURITY. The bonds shall be issued in anticipa-
tion of payments to be made by the Obligors pursuant to the
Contracts. The bonds shall be secured primarily by the full
faith and credit pledge made by the Obligors in the Contracts
pursuant to the authorization contained in Act 342. As
additional and secondary security the full faith and credit of
the County are pledged for the prompt payment of the principal of
and interest on the bonds as the same shall become due. If the
Obligors shall fail to make payments to the County which are
sufficient to pay the principal of and interest on the bonds as
the same shall become due, an amount sufficient to pay the
deficiency shall be advanced from the general fund of the County.
10. PRINCIPAL AND INTEREST FUND. There shall be estab-
lished for the bonds a Principal and Interest Fund which shall be
kept in a separate bank account. From the proceeds of the sale
of the bonds there shall be set aside in the Principal and
Interest Fund any premium and accrued interest received from the
purchaser of the bonds at the time of delivery of the same. All
payments received from the Obligors pursuant to the Contracts are
pledged for payment of the principal of and interest on the bonds
and expenses incidental thereto and as received shall be placed
in the Principal and Interest Fund.
11. CONSTRUCTION FUND. The remainder of the proceeds
of the sale of the bonds shall be set aside in a construction
fund and used to acquire and construct the aforesaid improvements
in accordance with the provisions of the Contracts. There shall
be established separate accounts in the construction fund with
respect to each Contract and the use and investment of bond
proceeds attributable to each Contract shall be individually
accounted for and monitored in each such account.
12. APPROVAL OF MICHIGAN DEPARTMENT OF TREASURY --
EXCEPTION FROM PRIOR APPROVAL. The issuance and sale of the
bonds shall be subject to permission being granted therefor by
the Department of Treasury of the State of Michigan or an
exception from prior approval being granted by the Department of
Treasury and the County Drain Commissioner and the County
Treasurer are each hereby severally authorized to file with the
Department of Treasury a Notice of Intent to Issue an Obligation
with respect to the bonds and to pay, upon the filing of said
notice, the filing fee of $400. If an exception from prior
approval is not granted the County Drain Commissioner or the
County Treasurer shall make application to the Department of
Treasury for permission to issue and sell the bonds as provided
by the terms of this resolution and for approval of the form of
Notice of Sale.
13. REDUCTION OF PRINCIPAL AMOUNT OF BOND ISSUE. If
the County Drain Commissioner shall determine that it is not
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necessary to sell bonds in the principal amount of Twelve Million
Six Hundred Fifty Thousand Dollars ($12,650,000), he may by order
reduce the principal amount of bonds to be sold to that amount
deemed necessary. In the event the principal amount of the bond
issue is reduced pursuant to this section, the County Drain
Commissioner shall reduce the amount of bonds maturing in any one
or more years as necessary.
14. SALE, ISSUANCE, DELIVERY. TRANSFER AND EXCHANGE OF
BONDS. The County Drain Commissioner is authorized to prescribe
the form of notice of sale for the bonds, to sell the bonds at
not less than 98% of par plus accrued interest in accordance with
the laws of this state and to do all things necessary to effectu-
ate the sale, issuance, delivery, transfer and exchange of the
bonds in accordance with the provisions of this resolution.
The County Drain Commissioner is authorized to cause the
preparation of an official statement for the bonds for purposes
of compliance with Rule 15c2-12 issued under the Securities
Exchange Act of 1934, as amended (the "Rule") and to do all other
things necessary to comply with the Rule. After the award of the
bonds, the County will provide copies of a "final official state-
ment" (as defined in paragraph (e)(3) of the Rule) on a timely_
basis and in reasonable quantity as requested by the successful
bidder or bidders to enable such bidder or bidders to comply with
paragraph (b)(4) of the Rule and the rules of the Municipal
Securities Rulemaking Board.
15. TAX COVENANT. The County covenants to comply with
all requirements of the Internal Revenue Code of 1986, as
amended, necessary to assure that the interest on the bonds will
be and will remain excludable from gross income for federal
income tax purposes. The County Drain Commissioner and other
appropriate County officials are authorized to do all things
necessary (including the making of covenants of the County) to
assure that the interest on the bonds will be and will remain
excludable from gross income for federal income tax purposes.
16. CONFLICTING RESOLUTIONS. All resolutions and parts
of resolutions insofar as they may be in conflict herewith are
rescinded.
Mr. Chairperson, on behalf of the Planning and Building
Committee, I move the adoption of,thpi foregoing resolution.
NING AND BUILDING COMMITTEE
PMW/09192/0052/AR1/2
I FITAEPYAPPROVETHE FOREGOING RESOLUTION
-La -
aniel T. Murthy, Co ty W
49
Dais
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•
101 AL
SEG. I
& SEG. 11
571971
710701
266074
192037 110422
399112 2938140 2296804
[11811 11010[C . 11_11AR656 W. BLOOMFIELD TWP lAnnii saieal 2R1.11ç D,1CL ilicovig , 954355
01-Oct-90
EVERGREEN-FARMINGION SEWAGE DISPOSAL SYSTEM
SEGMENT I & SEGMENT II BOND ISSUE
BOND COST DISTRIBUTION
COMMUNITY
SEGEMENT I
STAGE STAGE
2E 2W
SEGMENT II
LOCAL
STAGE STAGE STAGE ARM ARM ARM ARM LOCAL SSES
3 MAIN 3 LOCAL 5 B 0 J K RELIEF REPAIR
•
BEVERLY HILLS
BLOOMFIELD HILLS
FARMINGTON HILLS
SOUTHFIELD
12500
512541
357843
838045
12500
1525701
5991899
6.624862
0.098814
12.060877
47.366791
(Sylvan Lake)
Total Bond Issue 12650000 100.000
EXHIBIT A
evgfrm\bond01
5
. October 11, 1990
FISCAL NOTE (Misc. 90250)
BY: FINANCE COMMITTEE, DR. G. WILLIAM CADDELL, CHAIRPERSON
IN RE: DRAIN COMMISSIONER - RESOLUTION TO AUTHORIZE THE ISSUANCE OF
BONDS TO DEFRAY PART OF THE COST OF EVERGREEN - FARMINGTON
SEWAGE DISPOSAL SYSTEM POLLUTION CONTROL FACILITIES - SEGMENT I
AND II IMPROVEMENTS,
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
Pursuant to Rule XI-G the Finance Committee has reviewed Miscellaneous
Resolution # 90250 and finds:
1) The resolution authorizes the issuance of tax-exempt Act 342
bonds with the County pledging its limited full faith and credit
as the secondary obligor.
2) The Village of Beverly Hills, the City of Bloomfield Hills, the
City of Farmington Hills, the City of Southfield, and the Charter
Township of West Bloomfield are the primary obligors pledging
limited full faith and credit.
3) The principal amount of the bond issue is $12,650,000 at an
interest rate not to exceed 12%.
4) The statutory limit for County debt is $2,576,598,537 (10% of
1990 State Equalized Value). As of September 30, 1990, the
outstanding debt is $332,324,002 or approximately 1.3% of the
S.E.V.
No budget amendments are necessary.
FINANCE COMMITTE
LV7/oc9001fn
Resolution If 90250 October 11, 1990
Moved by Crake supported by Calandra the resolution be adopted.
AYES: McConnell, McPhersor, Moffitt, Oaks, Pappageorge, Pernick, Price,
Rewold, Skarritt, Aaron, Bishop, Calandro, Chester, Crake, Ferrens, Gosling,
Huntoon, Jensen, Johnson, R. Kuhn, Luken. (21)
NAYS: None. (0)
A sufficient majority havirg 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 October 11, 1991
with the original record thereof now remaining in my office.
In Testimony Whereof, I have hereunto set Iny hand and affixed the seal of the County
of Oakland at Pontiac, Michigan this llth day oft l osloer 1 99 0
Lynn IV. Allen, County Clerk