HomeMy WebLinkAboutResolutions - 1990.09.13 - 18335September 13, 1990 • A
JP7AU9OL I HEKBY (WE THE FOREGOING RESOLUT, • •
MISCELLANEOUS RESOLUTION.#90h4
BY: FINANCE COMMITTEE, DR. G. WILLIAM CADDELL, CHAIRPERSON
IN RE: DEPARTMENT OF MANAGEMENT & BUDGET/EQUALIZATION DIVISION-
MICHIGAN TAX TRIBUNAL CONSENT JUDGMENT BETWEEN GENERAL
MOTORS CORPORATION AND ORION TOWNSHIP
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS General Motors Corporation (GM) has had on appeal the Orion
Township appraised value of the BOC-Orion Assembly Plant with the Michigan
State Tax Tribunal for the period 1984 through 1990; and
WHEREAS the valuation amount being contested was in excess of $140
million thereby jeopardizing total cumulative tax revenue in excess of
twenty-five million ($25,000,000) dollars, of which $2.3 million would
come from County General Fund; and
WHEREAS the Michigan Tax Tribunal, on August 16, 1990, issued a
Consent Judgment (MTT Docket No. 147340) reflecting a stipulated agreement
between GM and Orion Township that results in a reduction in the appraised
value amounting to approximately $22,500,000; and
WHEREAS satisfaction of the consent judgment requires a payment from
the County General Fund in the amount of $323,449.88 which was previously
provided for by the establishment of a Designated Fund Balance for Tax
Tribunal Appeals.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of
Commissioners authorizes the following budget amendments transferring
$323,450 from the Designated Fund Balance for Tax Tribunal Appeals (Acct.#
492-035) to provide for the County's share of the Michigan Tax Tribunal
Consent Judgment between General Motors Corporation and Orion Township.
Increase Revenue:
3-10100-901-01-00-9104 Tax Tribunal Appeals
Increase Appropriations:
4-10100-907-01-00-3470 Local Tax Refund
1990
Budget
$323,450
$323,450
-0-
BE IT FURTHER RESOLVED that the Board authorizes payment of
$323,449.88 to satisfy said consent judgment.
Mr. Chairperson, on behalf of the Finance Committee, I move adoption
of the foregoing resolution.
FINANCE COMMITTEE
Daniel T. Murjhy, nty
Misc. Resolution # 90214 September 13, 1990
Moved by Caddell supported by Richard Kuhn the resolution be adopted.
AYES: Chester, Crake, Gosling, Huntoon, Jensen, Johnson, R. Kuhn, S. Kuhn,
Law, Luxon, McConnell, McCulloch, McPherson, Moffitt, Oaks, Olsen, Pappageorge,
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 September 13,_1990
with the original record thereof now remaining in my office.
In Testimony Whereof, I have hereunto set my hand and affixed the seal of the County
of Oakland at Pontiac, Michigan this 13th day g) /2 1991L
Lyn" D. Allen, County Clerk