HomeMy WebLinkAboutResolutions - 1969.10.02 - 19467ursu nt to
Act 40 of the Public Acts of 7Y71.5 as IA, have Chap
OXFI ?,;ures for
WHE-0TAS,
WHEREA,
bar interest at thp zat
kred by thP d.:.0ivery of bonas
from the iLnds
the various
WHEREAS, your Finance e recommenth; that the sum of
to
1970,=.
DU:TION NO„, 5196
LOAN TO THE DR.!cIN RUVOL,VING FUND
TO THE CAKLAND
MR. CHAIRMAN,
-Mr. Grba
r Bc:ARD OF SI)
GENTLEN:
WITS. The various drainage boards established
expended certain sums of money for engineeri nQCeSFary
'various drain
to finance
mØ]5 to
ects; and
projects have not been sold; and
said projects will be paid to the
variou drainage boards :f.14! the munj.cpEaities involve.1 on April 1,
1970; and
wH,TCAS, there is presently 00:standing a total of $176,000.00
amount 3hr1d b(? and
YJHFz:REAS, Oakland County Drain Com:i5siniF. h•.• zetested a
loan to the Drain Revolving Fund in the amount of $176,00000, said
Jcipalities on April 1, 1970i and
$176,000.00 be to the D7rin Revolving Fund at 6%
) the Oahli :.e:Funty General Fund on or
NOW THE7EF0RE
to the Oakland County Drain
rate of 6%, said ptincipal and interest repaid to tly7
RsoLvar! that the sum of $
volving Fund, he
County 0.el-lral FurqJ on or ril 1, 1970.
MR. CHAIRMAN,
adoption or
behalf of the Finance Committee, I move the
fo:„.ng resolution.
FINANCE
n
Jc Grhgr.
TJEE
//
)mas H. 0 Dr:d
#5196
Moved by Grba supported by Aaron the resolution be adopted.
A sufficient majority having voted therefor, the resolution was adopted.