HomeMy WebLinkAboutResolutions - 1991.08.08 - 18406UV THE FOREGOING
August 8, 1991
MISCELLANEOUS RESOLUTION #91158
BY: FINANCE COMMITTEE, DR. G. WILLIAM CADDELL, CHAIRPERSON
IN RE: TREASURER - INITIATION OF COURT ACTION AGAINST CITY OF
WIXOM LOCAL DEVELOPMENT FINANCE AUTHORITY
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS the City of Wixom, pursuant to provisions of Act 291,
of the Public Acts of 1986 as amended, has established a Local
Development Finance Authority (LDFA); and
WHEREAS the City of Wixom LDFA will capture tax increment
revenue resulting in a potential loss to the Oakland County General
Fund of over $1,200,000; and
WHEREAS the City of Wixom LDFA negotiated an agreement with
the Walled Lake Consolidated School District to return a portion of
the captured tax increment revenue derived from school taxes; and
WHEREAS the County Treasurer has requested the same
proportional sharing of County tax dollars for Oakland County but
has been denied; and
WHEREAS the County Treasurer requests authorization from the
Oakland County Board of Commissioners to initiate court action to
prevent the transfer of the tax increment revenue to the City of
Wixom LDFA.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of
Commissioners authorizes the County Treasurer to initiate court
action on behalf of Oakland County against the City of Wixom Local
Development Finance Authority.
Mr. Chairperson, on behalf of the Finance Committee, I move
the adoption of the foregoing resolution.
FINANCE COMMITTEE
I:\LAUR\TREAS\LDFASUIT
Resolution # 91158 August 8, 1991
In Testimony Whereof, I have hereunto set my hand and affixed the seal of the County
of Oakland at Pontiac, Michigan this 8th day
D. All en:—C-(5-a-15771-e7
USt /11991
Lyn
Moved by Caddell supported by Pappageorge the resolution be adopted.
Discussion followed.
AYES: Bishop, Caddell, Gosling, Jensen, Law, McCulloch, McPherson, Millard,
Moffitt, Olsen, Palmer, Pappageorge, Pernick, Schmid, Aaron. (15)
NAYS: Crake, Ferrens, Huntoon, Johnson, Krause, Oaks, Price, Rewold, Serra,
Skarritt, Wolf. (11)
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 August 8, 1991
with the on record thereof now remaining in my office.