HomeMy WebLinkAboutResolutions - 1991.09.26 - 18920September 26, 1991
MISCELLANEOUS RESOLUTION #9 1199
BY: FINANCE COMMITTEE, DR. G. WILLIAM CADDELL, CHAIRPERSON
IN RE: DEPARTMENT OF MANAGEMENT AND BUDGET - GM TAX SETTLEMENT
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS General Motors has appealed its 1985 assessment in the
City of Pontiac; and
WHEREAS the parties involved have reached agreement on
assessment level; and
WHEREAS that agreement reduces the assessment 43.8% which would
be phased in over 1985, 1986 and 1987; and
WHEREAS the impact of this settlement could require a rebate of
$2,133,447 and interest of $402,035 for a total of $2,535,482; and
WHEREAS Management and Budget has been in contact with General
Motors and General Motors has agreed to waive the interest charge and
accept 95 cents on the dollar if payment is made by October 31, 1991;
and
WHEREAS to meet the $2,026,775 payment it is necessary to
redirect $1,420,000 from the future space need appropriation, and
$336,674 is available from the jail construction project which can be
used to fund the 1991 building authority payment thus making a like
amount available to fund this rebate; and
WHEREAS there is $176,550 available in the reserve for Tax
Tribunals leaving a balance of $93,551 to be made up from
Contingency.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of
Commissioners accepts the General Motors settlement offer in the
amount of $2,026,775.
BE IT FURTHER RESOLVED that the following budget amendments are
authorized:
From:
Expense:
4-10100-901-01-00-9916
4 -10100-901-01-00-8512
4 -10100 -909 -01 -00-9900
Revenue:
3-10100-909-01-00-9901
Future Space Needs
Building Authority Payments
Contingency
Sub-total
Prior Years Resources
$(1,420,000)
(336,674)
(93,551)
$ 1,850,225
176,550
$ 2,026,775
$ 2,026,775
$ -0-
To:
4 -10100 -907 -01-00-3470 Refund Local Taxes
BE IT FURTHER RESOLVED that the General Fund Reserve for Tax
Tribunal Appeals be reduced $176,550 and funds be recorded in 1991 as
Resources Carried Forward from Prior Years.
Mr. Chairperson, on behalf of the Finance Committee, I move the
adoption of the foregoing resolution.
FINANCE COMMITTEE
Resolution # qiig9 SEPTEMBER 26, 1991
Moved by Caddell supported by Pappageorge the resolution be adopted.
AYES: Bishop, Caddell, Crake, Ferrens, Gosling, Huntoon, Jensen,
Johnson, Krause, Law, McCulloch, McPherson, Millard, Moffitt, Oaks, Palmer,
Pappageorge, Rewold, Schmid, Serra, Skarritt, Aaron. (22)
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 26, 1991
with the on 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 26th . day qr) September . 1991
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Ly nn.'71 1 en , County Clerk