HomeMy WebLinkAboutResolutions - 1991.05.09 - 18565MISCELLANEOUS RESOLUTION NO. #91097 May 9, 1991
ECONOMIC DEVELOPMENT DIVISION
RESOLUTION APPROVING PROJECT PLAN
(EVEREST ACADEMY PROJECT) - INDEPENDENCE TOWNSHIP
BY: PLANNING AND BUILDING COMMITTEE, LARRY CRAKE, CHAIRMAN
TO: THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairman, Ladies and Gentlemen:
WHEREAS, The Economic Development Corporation of the
County of Oakland (the "EDC") has recommended that this Board
of Commissioners approve the Project Plan required by the
Economic Development Corporations Act, Act No. 338 of the
Michigan Public Acts of 1974, as amended (the "Act") for the
Everest Academy Project, a copy of which Project Plan is
attached hereto as Exhibit A (the "Project Plan"); and
WHEREAS, the EDC's recommendation to this Board of
Commissioners was based upon its determinations that the
Project is reasonable and necessary to effectuate the purposes
of the Act, that the Project Plan prepared in connection with
the Project satisfies all of the requirements of Section 8 of
the Act regarding project plans, that the persons who will be
active in the management of the project for at least one (1)
year after the projected date of the County Board of
Commissioner's approval of the Project Plan will have
sufficient ability and experience to manage the Plan properly,
and that the proposed method of financing the Project is
feasible and a bond purchaser's commitment has been obtained;
and
WHEREAS, on April 16 , 1991, the governing body of
the Charter Township of Independence, Oakland County, Michigan,
also approved the Project Plan; and
WHEREAS, on May 9 1991, this Board of
Commissioners held a public hearing to consider whether the
Project Plan constitutes a public purpose as contemplated by
the Act; and
WHEREAS, this Board of Commissioners, following such
public hearing and its review of the Project Plan, concurs in
the determinations of the EDC with respect thereto;
RE:
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
COMMISSIONERS OF THE COUNTY OF OAKLAND, as follows:
PLANNING AND BUILDING COMMITTEE
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-Larry Cr6ke
Chairman
1. The Project Plan, in the form attached hereto as
Exhibit A, is hereby determined to constitute a public purpose
as contemplated by the Act.
2. The Project Plan is hereby approved.
3. The EDC is hereby authorized to take such steps as are
necessary to implement the Project and the financing thereof by
the issuance of revenue bonds or notes.
4. The County Clerk is hereby directed to provide four
certified copies of this resolution to the Assistant Secretary
of the Board of the EDC.
The Planning and Building Committee, by Larry Crake,
Chairman, moves for adoption of the foregoing resolution,
YEAS:
Moved by Crake supported by Millard the resolution be adopted.
Johnson, Krause, McConnell, McCulloch, McPherson, Millard, Oaks,
Pappageorge. Pernick, Schmid, Serra, Skarritt, Aaron, Bishop, Caddell,
Crake, Ferrens, Jensen. (18)
NAYS: Palmer, Huntoon. (2)
ABSENT: Gosling, Law, Moffitt, Olsen, Price, Rewold, Wolf. (7)
ABSTENTIONS: None. (0)
RESOLUTION DECLARED AD0ETED:
L3El17D. Allen
Courfty Clerk