HomeMy WebLinkAboutResolutions - 1991.02.28 - 1848991043 DATE: February 28, 1991 MISCELLANEOUS RESOLUTION NO.
BY: PUBLIC SERVICES COMMITTEE - RUTH A. JOHNSON, CHAIRPERSON
IN RE: COMMUNITY DEVELOPMENT DIVISION - PROPOSED RESOLUTION TO TRANSFER
UNOBLIGATED COMMERCIAL ASSISTANCE PROGRAM (CAP) FUNDS
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Ms. Chairperson, Ladies and Gentlemen:
WHEREAS, the County of Oakland, by Miscellaneous Resolution #82283 of
September 21, 1982, adopted the basic concept of utilizing Community Development
Block Grant funds to leverage private financial resources for the rehabilitation
of residential and commercial property; and
WHEREAS the County of Oakland, by Miscellaneous Resolutions #85158 of May 23,
1985, #86037 of February 27, 1986, and #87228 of September 3, 1987 designated
communities and funding allocations for the 1985, 1986 and 1987 Commercial
Assistance Programs; and
WHEREAS in accordance with the provisions of Miscellaneous Resolution #88141
regarding the criteria and procedure to reallocate the recaptured CAP funds, the
Oakland County Community Development Division established the Oakland County
Commercial Assistance Program (CAP) Loan Pool; and
WHEREAS in accordance with the provisions of Miscellaneous Resolution #90041
an excessive uncommitted fund balance of $200,000.00 in the Commercial Assistance
Program Loan Pool Account was transferred to the Oakland County Residential Home
Improvement Account; and
WHEREAS the Commercial Assistance Program (CAP) was discontinued effective
August 31, 1990; and
WHEREAS the Oakland County Community Development Division recommends the
transfer of the unobligated fund balance of $112,789.66 as reflected in Attachment
A from the 1986 CAP Loan Pool to the Oakland County Residential Home Improvement
Account; and
WHEREAS the Oakland County Community Development Division further recommends
that any 1986 residual dollar amount resulting from the completion of the five
projects presently in the funded commitment stage (Attachment A) also will be
transferred to the Oakland County Residential Home Improvement Account; and
WHEREAS the Community Development Citizens Advisory Council unanimously
recommends by an 11-0 roll call vote, the transfer of the 1986 unobligated balance
of CAP Loan Pool funds as specified in Attachment A, and the transfer of any
subsequent residual dollar resulting from the finalization of the five projects
presently in the funded commitment stage to the Oakland County Residential Home
Improvement Account.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners
hereby authorizes the transfer of the 1986 unobligated CAP Loan Pool balance of
$112,789.66 to the Oakland County Residential Home Improvement Account; and
BE IT FURTHER RESOLVED that the Oakland County Board of Commissioners hereby
authorizes the transfer of any future 1986 CAP Loan Pool residual dollar amount
resulting from completion of the five projects presently in the funded commitment
stage (Attachment A) to the Oakland County Residential Home Improvement Account.
Ms. Chairperson, on behalf of the Public Services Committee, I move the
adoption of the foregoing resolution.
RUTH A. JOHNSON, CHAIRPERSON
CAP DISBURSED AS
ALLOCATION OF 1/31/91 AS OF 8/31/90
COLUMN B COLUMN C
UNOBLIGATED
BALANCE
COLUMN D
PARTICIPATING
COMMUNITIES
COMMITMENTS
COLUMN A
$700,000.00
$48,434.16
15,947.00
-0-
29,488.66
10,703.50
-0-
-0--
27,954.47
-0-
19,875.06
-0-
-0--
9,173.04
19,122.28
-0-
8,215.00
10,021.60
7,097.12
-0-
69,330.00
8,598.61
-0-
-0-
3,243.84
5,199.00
(200,000.00)
Funds
Committed
$ 6,606.00
40,770.00
4,050.00
18,000.00
18,680.00
6,701.00
$94,807.00
ATTACHMENT A
OAKLAND COUNTY COMMUNITY DEVELOPMENT DIVISION
COMMERCIAL ASSISTANCE PROGRAM (CAP)
FUNDING STATUS CHART
JANUARY 31, 1991
Oakland County
Berkley
Beverly Hills
Clarkston
Farmington
Ferndale
Groveland Twp.
Hazel Park
Holly
Huntington Woods
Independence Twp.
Keego Harbor
Lake Orion
Madison Heights
Milford
Oakland Twp.
Oak Park
Ortonville
Oxford
Pleasant Ridge
Rochester
Rochester Hills
Royal Oak Twp.
South Lyon
Springfield Twp.
Walled Lake
Transferred by Board
Resolution #90041
Oakland County Loan Pool
TOTALS: $500,000.00 $292,403.34
$94,807.00
*$94,807.00
$112,789.66
$112,789.66
*PROJECT COMMITMENTS:
Name
Berkley Coney Island
Cook Commercial Building
State Street Commercial Building
Restaurant
Commercial Building
Brooklands Old Towne Plaza
Location
City of Berkley
City of Farmington
City of Farmington
Groveland Township
Lake Orion Village
Rochester Hills
TOTAL
KRP/kjf
CAP CHART
Plc, ./r),
Resolution # 91043 February 28, 1991
Moved by Johnson supported by Krause the resolution be adopted.
AYES: Olsen, Pappageorge, Pernick, Price, Rewold, Serra, Skarritt, Wolf,
Aaron, Caddell, Crake, Ferrens, Gosling, Huntoon, Jensen, Johnson, Krause,
Law, McConnell, McCulloch, McPherson, Millard, Moffitt, Oaks. (24)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was
adopted.
• STATE OF MICHIGAN)
COUNTY OF OAKLAND
\
I, Lynn D. Alen, 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 February 28, 1991
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 28th day l) February 1991
Lynnj0. Allen, County Clerk