HomeMy WebLinkAboutResolutions - 1962.11.07 - 19960of the Drain Committee,
had been previously approved
SUGGESTED CEEDINGS TO BE TAKEN 7Y THE OAKLAND
COUNTY BOA7• OF SUPERVISORS ON mvimsn 7, 1962,
IN RESPECT TO THE SOUTHEASTERN OARLhND COUNTY
SE-AGE DISPOSAL SYSTEM
Mr. Calhoun, Chairman of the Drain Committee, presented
the Board of Supervisors the following communication from the
Oakland County Drain Commissioner, to-wit:
(Here copy communication.)
Mr, Calhoun also presented the map, plans and specifications, the
estimate of cost, the contract r the Offer of Federal Grant
referred to in the Drain Commissioner's communication.
Supervisor Calhoun, Chairman
offered the following resolution which
by said committee, to-wit:
°ARLAND BE IT RSOLVED BY THE BOARD OF SUPERVISORS
COUNTY, MOHICAN, as follows:
1. That the maps, plans and specifications prepared by
Hubbell, Roth & Clark, Inc., for the improvement, enlargement and
extension of the Southeastern Oakland County Sewage Disposal System,
this day presented to the board, be and the same are hereby approved
and adopted and the County Clerk is hereby instructed to endorse said
approval upon the same and return them to the Oakland County Drain
Commissioner as the agency of the county in respect to said system.
2. That the estimate of the cost of said project prepared
by the said engineers dated ::)-ytember 1, 1962, in the gross sum of
$7,145,806 and in the net sum of $6,915,000, after deducting a
credit of $229,306 by the City of Detroit for the amount heretofore
paid by Oakland County for transportation in the Detroit sewers,
and also their estimate of 35 years and upwards as the period of
usefulness of said project, be and the same is hereby approved and
adopted.
3. That the County Drain Commissioner be and he is
hereby authorized and directed to sign and deliver on behalf of
the County of Oakland the contract dated October 1, 1962 between
the county and the several municipalities in the Southeastern
Oakland County Sewage Disposal District, relative to the operation
and management of the Southeastern Oakland County Sewage Disposal
System, the acquisition of improvements, enlargements and extensions
thereto and the financing thereof, said contract to be signed in as
many counterparts as the said County Drain Commissioner may deem
advisable.
4. That the County Drain Commissioner be and he is
hereby authorized and directed to sign and deliver on behalf of
the County of Oakland the contract between the County and the
City of Detroit thuLl, its Depent of Public Works, dated
November 1, 1962, for t_aasiortation rights in certain Detroit
sewers, and also the contract between the County and the City of
Detroit through its Board of Water Commissioners, dated November 1,
1962, for the treatment of sewage from the Southeastern Oakland
County Sewage Disposal District.
5. That the County Drain Commissioner as the agency of
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The motion was seconded by Mr. and upon
the county be and he is hereby authorized to proceed with the
operation and management of the Sout ,,,:.rn u:',1,1and County Sewage
Disposal System and with the improvement, enlnent and extension
thereof, all as provided in said contract and the aiplicable statutes
relating thereto.
roll call was adopted by the following vote:
Ayes -
Nays -
Absent -
The Chairman declared the resolution adopted.
The County Drain Commissioner then signed en 1-n-fralf of
the county as El..rized in the foregoir I.5oiUtiOn, the said
contract dated October 1, 1962 between the county and the several
municipalities in the Southeastern Oakland County Sewage Disposal
District and filed the same with the County Clerk. A copy of said
contract as fully executed appears in the bond resolution sub-
sequently adopted at this session.
The following is a copy of the estimate of cost referred
to in the foregoing resolution:
(Here insert copy of estimate of cost.)
and
The following are copies of the two contracts with the
City of Detroit referred to in the foregoing resolution.
(11 -c insert copies of Detroit contracts.
Supervisor Calhoun, Chairman of the Drain Committee,
presented to the Board of Supervisors the following offer of a
Federal grant for sewage treatment works under 33 U.S.C. §466,
et seq., to-wit:
(dere copy offer in minutes.)
Mr. Calhoun then offered the following resolution whi
had been previously approved by the Drain Committee, to-wit:
BE IT ItESLVED by the Board of Supervisors of Oakland
County, Michigan, that the offer of the United States of America
(Public Health Service) dated October 26, 1962, to grant to the
County of Oakland the sum of $1,366,538.63 towards the construction
of a gravity interceptor sewer in connection with the Southeastern
Oakland County Sew,:,,-,z Disposal System, be and the sPme is hereby
acce,:t_:A tbe County Drain Commissioner as the agency of the
county in respect to said system, is hereby authorized and directed
to execute the said acceptance and to make tho :z.saces contained
in said offer„
The motion was seconded by Mr.
upon roll call was adopted by the following vote:
Ayes -
Nays
Absent
The Chairman declared the resolution adopted.
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Mr. fered the following resolution which
had previously been approved by the Ways and Means Committee of the
Board:
/ (-i WHEREAS, there will be presented for adoption at this
session by the Board of Supervisors, a resolution authorizing the
issuance by the County of Oakland of S , "Southeastern
Oakland County Sewage Disposal System Bonds" t -D L7 dated January 1,
1963, pursuant to the provisions of Act No. 342, Eublic Acts of 1939,
as amended, which bonds will be secured by the full faith and credit
pledges made by each contracting municipality pursuant to the contract
dated October 1, 1962, the execution of which has this day been
authorized by this Board; and
WHEREAS, the said act permits the county as additional
security for the payment of the principal and interest on said bonds
to pledge the full faith and credit of tae county for the prompt
payment of said principal and interest when authorized by proper
resolution adopted by a majority vote of the members elect of its
Board of Supervisors;
THEREFORE, BE IT RESOLVED, that the full faith and credit
of the County be so pledged for the prompt payment of the principal
and interest on said bonds and that the bond resolution al:;d, the
bonds themselves so state.
Upon motion by Mr. , seconded by Mr.
, the foregoing resolution was adopted by the
following vote;
Yeas
Nays -
Absent-
The Chairman declared the resolution adopted.
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Mr. Calhoun, Chairman of the Drain Committee, offered
the following resolution which had been previously approved by
said committee:
(Here follow with bond resolution.) ,
Misc. 4060
BOND RESOLUTION
A. WHER7AS, the Board of Supervisors of Oakland County
by Miscellaneous Resolution No 1923 adopted on April 21, 1942, as
subsequently amended, the last of which amendments was by
Miscellaneous Resolution No 3399 adopted on July 21, 1958, did
authorize and direct that there be established, maintained and
operated under the provisions of Act No. 342 of the Public Acts
1939, as amended, and any other applicable acts, a system of
sewer and disposal improvements and services for the purpose
of disposing of sewage from a district to he known as the
"Southeaste.rn Oakland County Sewage Disposal District" and
cons isting of the territory described in said Miscellaneous
Resolution 17.o. 3399, which district is sometimes hereinafter
referred to as the "district"; and
B, WHEREAS, it has become necessary to improve, enlarge
and extend the said system known as the "Southeastern Oakland
County Sewage Disposal System" (hereinafter sometimes referred to
as the "system) by acquiring the following:
(a) A sewer to be located in Dequindre Road from the
Fourteen Mile Road in Oakland County to Conant Road in the City
of Detroit and thence in Conant Road to the Detroit sewer at the
intersection of Conant Road and Emery Street in said city;
(b) A sewer to be located in the Twelve Mile Road
extending westerly from the Dequindre Road approximately 1.6 miles
to a point approximately 250 feet east of Stephenson Highway;
(c)
approximately
northerly and
structure for
A sewer from a •of.nt in the Twelve Mile Road
250 feet east of Stephenson Highway extending
northeasterly i3iproximate1y 400 feet to the outlet
the Twelve Towns Relief Drains;
(d) A sewer in Muir Avenue extending westerly approxi-
mately .83 miles from Dequindre Road to the existing Stephenson
interceptor sewer in Highland Avenue;
(e) An inverted siphon and overflow ,Acture in
Dequindre Road at its intersection with th Red Run Drain;
(f) Meter well with meter to be located approximately
500 feet south of the Eight Mile Road at the intersection of
Dequindre Road and Conant Road;
(g) Laboratory Building to be attached to Twelve Towns
Relief Drains outlet structure;
(h) Necessary lands and easements for the foregoing;
(i) Flowage rights for a period of 50 years in the
sewers of the City of Detroit for the conveyance of 118 cubic
feet per second of sewage originating in the Southeastern Oakland
County Sewage Disposal District, to the East Jefferson Avenue
interceptor of the Detroit Sewage Disposal System;
the said Improvements, enlargements and extensions being sometimes
hereinafter referred to as the "project"; and
C. WHEREAS, Hubbell, Roth & Clark, Inc., registered
professional engineers, have submitted to the County Drain
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certain Detroit sewers, ch maps, plans and specificatims and
Commissioner (the agency of the county in respect to said system)
maps, plans and specifications for the said project which have been
approved by the Michigan State Health Department together with an
estimate of $7,145,806 as the estirszte gross cost thereof and
$6,915,000 as the net cost thereof after deducting a credit of
$229,806 to be given by the City of Detroit .for payments heretofore
made by Oakland County for flowage rights for the district in
estimate of cost °,==L--e been approved by the Board of Supervisors
of Oakland County: and
D. WHEREAS, a certain contract dated October 1, 1962
has been executed by the OakId, County am _:issioner on
behalf of the County of Oakland pursuant to a resolution adopted
on November 7, 1962 by this board 4f supervisors and has also been
executed by the various municipalities to be served in whole or in
part by said system, which c-ontract is now in full force and effect
and which provides Fla.- the operation and management of said system,
and for the said impr,Ivem:,-;, enlargements and exten -sions of said
system and the financing thereof; and
Tr vv:Az,o1AS, said contract apportions the gross co
said project among the several municipalities and also specifies
the net amount which is to be paid by each municipality after
deducting its portion of the said $229,806 cre4it to be given by the
City of Detroit, which amounts are as set forth in paragraph 4 of
said contract; and
F. 7:12REAS, the said contract in Exhibit A stipulates
on October 1 of ch year beginning with the year 1963 and ending
the amount of each annual installment due from each municipality
with the year 1992; and
G, WHEREAS, the said contract in its entirety is as
follows;
Draft 8-15-62
THIS AGREEMENT made this 1st day of October, 1962, by and
between the County of Oakland in the State of Michigan, acting by
and through its county drain commissioner (hereinafter sometimes
referred to as the "county"), party of the first part, and the City
of Berkley, City of Birmingham, City of Clawson, City of Ferndale,
City of Hazel Park, City of Huntington Woods, City of Madison Heights,
City of Oak Park, City of Pleasant Ridge, City of Royal Oak, Township
of Royal Oak, City of Southfield, City of Troy and Village of Beverly
Hills, municipal corporations in Oakland County, Michigan (herein-
after sometimes referred to as the "municipalities"), parties of the
second part.
WITNESSETH:
WHEREAS, the board of supervisors of the County of Oakland
by miscellaneous resolution No. 1923 adopted on April 21, 1942, as
amended by miscellaneous resolution No. 1962 adopted on October 20,
1942, did establish under the provisions of Act No. 342 of the Public
Acts of 1939, as amended, a system of sewer and sewage disposal
improvements and services for the purpose of disposing of the sewage
from the following territory:
The Cities of Royal Oak, Ferndale, Pleasant
Ridge, Huntington Woods, Berkley, Hazel Park
and Clawson; the Village of Oak Park, the
Township of Royal Oak outside of the Village
of Oak Park; Sections 1, 12, 13, 24, 25 and
36 of the Township of Southfield; and the
west 1/2 of Section 29, that part of Sections
30 and 31 lying outside the City of Birmingham,
all of Sections 32, 33 and 34 and the west 1/2
of the west 1/2 of Section 35 of the Township
of Troy;
and
WHEREAS, in said resolution the county drain commissioner
of said county was designated as the agency of the county in connec-
tion with the establishment, maintenance and operation of such system
and as the person to have supervision and control of the management
and operation of the same; and
WHEREAS, pursuant to the provisions of Ordinance No. 1987,
adopted by the county board of supervisors on November 10, 1942,
there was constructed a "Sewage Disposal System" for said district,
which district was designated in said ordinance as the "Southeastern
Oakland County Sewage Disposal District" (hereinafter sometimes
referred to as the "district"), and to defray a part of the cost
thereof there were issued $905,000 of revenue bonds dated January 1,
1943 and payable serially from January 1, 1948 to January 1, 1973,
the last of which bonds were retired on July 1, 1958; and
WHEREAS, by Ordinance No. 2751 adopted by the county board
of supervisors on January 13, 1953, the said district was increased
to include roughly that part of the City of Birmingham lying within
the Royal Oak Drain District; and
WHEREAS, the Oakland County board of supervisors by miscel-
laneous resolution No. 3399 adopted on July 21, 1958, modified the
westerly boundary line of said district so as to make the same coincide
with the proposed easterly boundary line of the Evergreen Sewage
Disposal District (as subsequently established by miscellaneous resolu-
tion No. 3435 adopted by the Oakland County board of supervisors on
October 13, 1958) and by said miscellaneous resolution No. 3399 did
also enlarge said Southeasterr, Oakland County Sewage Disposal District
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by adding thereto certain territory within the City of Troy, which
miscellaneous resolution No. 3399 describes the district as it now
exists and is incorporated herein and made a part hereof by
reference; and
WHEREAS, since the Southeastern Oakland County Sewage
Disposal District was established in 1942, the following corporate
changes have been made in several of the affected municipalities:
(a) the Village of Oak Park has been reincorporated as the City
of Oak Park; (b) the City of Madison Heights has been incorporated
from a part of the Township of Royal Oak; (c) the City of Southfield
and the Village of Beverly Hills have been incorporated from a part
of the Township of Southfield, and all of the district formerly
described as lying within the Township of Southfield now lies within
said City and Village and none of it lies within the present Township
of Southfield; (d) the City of Troy has been incorporated from a major
part of the Township of Troy and the remainder of said Township has
been annexed to the City of Birmingham and the City of Royal Oak; and
(e) the Township of Troy and the Township of Southfield by reason of
the foregoing have been eliminated as interested municipalities iv
the Southeastern Oakland County Sewage Disposal District; and
WHEREAS, the parties hereto deem it advisable and necessary
to improve, enlarge and extend the said Southeastern Oakland County
Sewage Disposal System by acquiring by construction, purchase or
otherwise, the following (hereinafter sometimes referred to as the
"project"), to-wit:
(a) A sewer ranging from approximately 4'6" to 8
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diameter, to be located in Dequindre Road from the Fourteen Mile
Road in Oakland County to Conant Road in the City of Detroit and
thence in Conant Road to the Detroit sewer at the intersection of
Conant Road and Emery Street in said city.
(b) A sewer approximately 5' in diameter to be located
in the Twelve Mile Road extending westerly from the Dequindre Road
approximately 1.6 miles to a point approximately 250 feet east of
Stephenson Highway.
(c) A sewer approximately 5' in diameter from a point
in the Twelve Mile Road approximately 250 feet east of Stephenson
Highway extending northerly and northeasterly approximately 400 feet
to the outlet structure for the Twelve Towns Relief Drains.
(d) A sewer approximately 5'6" in diameter in Muir Avenue
extending westerly approximately .83 miles from Dequindre Road to
the existing Stephenson interceptor sewer in Highland Avenue.
(e) An inverted siphon and overflow structure in Dequindre
Road at its intersection with the Red Run Drain.
(0 Meter well with meter to be located approximately 500
feet south of the Eight Mile Road at the intersection of Dequindre
Road and Conant Road.
(g) Laboratory Building to be attached to Twelve Towns
Relief Drains outlet structure.
(h) Necessary lands and easements for the foregoing.
(i) Flowage ,rights for a period of 50 years in the sewers
of the City of Detroit for the conveyance of 118 cubic feet per
second of sewage originating in the Southeastern Oakland County
Sewage Disposal District, to the East Jefferson Avenue interceptor
of the Detroit Sewage Disposal System; and
WHEREAS, Hubbell, Roth & Clark, Inc., registered profes-
sional engineers, have submitted to the county drain commissioner
maps, plans and specifications for the said project which have been
approved by the Michigan State Health Department, together with an
estimate of $7,145,806 as the estimated "gross cost" thereof; and
WHEREAS, after deducting from said estimated gross cost
the credit of $229,806 to be given by the City of Detroit for pay-
ments heretofore made by Oakland County for flowage rights in
Detroit sewers for the Southeastern Oakland County Sewage Disposal
District, there remains a balance of $6,916,000 as the estimated
"net cost II thereof; and
WHEREAS, contracts have been negotiated (but not yet
executed) with the City of Detroit for the flowage rights above
referred to and also for the treatment of sewage from the district;
and
WHEREAS, the parties to this agreement desire to finance
the said project under the provisions of Sections 5a, 5b and 5c of
said Act 342 of the Public Acts of 1939, as amended, by entering
into this contract whereby each of the said municipalities agrees
to pay to the county its portion of the net cost of the said project
and the county agrees to issue its bonds in anticipation of such
payments;
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THEREFORE, it is agreed by and between the parties hereto
as follows:
1. The county drain commissioner as the agency of the
county shall proceed as follows:
(a) He shall enter into contracts with the City of
Detroit for flowage rights,and for sewage disposal for the district
for terms not exceeding fifty years, after the execution of said
contracts shall have been authorized by the board of supervisors.
(b) He shall secure bids and enter into contracts for
the construction of the structural portions of said project. No
such contract shall be entered into prior to the sale of bonds
unless the same be conditioned upon such sale.
(c) He shall cause to be prepared proper ordinances or
resolutions providing for the issuance of the bonds hereinafter
referred to and shall submit the same to the county board of super-
visors for adoption, and he shall do all things necessary or proper
in connection with the issuance of said bonds; provided, that the
amount of said bonds plus any prepayments by municipalities shall
not exceed 110% of said estimated net cost of $6,916,000, unless
the issuance of the excess amount of bonds shall be approved by the
legislative bodies of municipalities which are obligated hereunder
to pay not less than 75% of the project cost.
(d) He shall cause the project to be constructed and put
into operation and shall operate the same pursuant to the provisions
of Act No. 342 of the ,Public Acts of 1939, as amended.
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. That i 1 as the said $229,806 heretofore paid
to the City of Detroit or sewage transportation rights. in Detroit
sewers was capitalized and included in the said former bond issue
of January 1, 1943, which bond issue was completely retired on
July 1, 1958 and was paid from revenues received from the several
municipalities from the beginning of the system's operations to
July 1, 1958, therefore the credit for the said sum shall be appor-
tioned among the municipalities in accordance with the amount paid
by them, respectively, for sewage disposal services during said
period, after giving a special credit to the City of Birmingham for
$4,689.44, the same being a part of a cash payment made by said city
when it bought into the system for certain of its territory. The
following is the allocation of said $229,806 among the municipalities
and the basis therefor, to-wit:
Total Sewage Special Apportionment
Disposal Flowage of Balance
Charges Credit to of Flowage Total Flowage
Public Corporation Thru 6-30-58 Per Cent Birmingham Credit Credit
Berkley $ 360,063.33 7.9417 $ 17,878.08 $ 17,878.08
Birmingham (*) 84,737.77 1.8690 $4,689.44 4,207.43 8,896.87
Clawson 147,824.20 3.2605 7,339.93 7,339.93
Ferndale 1,272,158.43 28.0592 63,165.91 63,165.91
Hazel Park 322,358.38 7.1100 16,005.79 16,005.79
Huntington Woods 163,647.30 3.6095 8,125.58 8,125.58
Madison Heights (**) 161,250.39 3.5566 8,006.50 8,006.50
Oak Park 391,490.54 8.6349 19,438.59 19,438.59
Pleasant Ridge 92,184.62 2.0333 4,577.29 4,577.29
Royal Oak 1,237,708.93 27.2993 61,455.24 61,455.24
Royal Oak Township 195,591.90 4.3140 9,711.53 9,711.53
Southfield (***) 74,735.67 1.6484 3,710.82 3,710.82
Troy 6,163.00 0.1359 305.93 305.93
Beverly Hills Village (****) 23,925.52 0.5277 1,187.94 1,187.94
TOTAL $4,533,839.98 100.0000 $4,689.44 $ 225,116.56 $ 229,806.00
(*) 36.0537 of total city.
(**) Flowage credit computed and deducted from Royal Oak Township.
(***) Hubbell, Roth & Clark population figures with 2200 added for Northland.
(****) Flowage credit computed and deducted from Southfield Township.
3. The gross cost of said project based upon the estimate
of $7,145,806 is hereby apportioned to each municipality in accordance
with the following schedule:
Municipality
Ultimate
Population as
Agreed by the
Municipalities Percentage Apportionment
Berkley
Birmingham
Clawson
Ferndale
Hazel Park
Huntington Woods
Madison Heights
Oak Park
Pleasaat Ridge
Royal Oak
Royal Oak Township
Southfield
Troy
Beverly Hills Village
TOTAL
24,400
13,000
17,000
36,200
24,600
9,200
49,300
41,200
4,200
88,000
7,600
24,600
140,000
2,000
file..17.11=7•51MIROZ1111.41
481,300
5.0696 $ 362,263.78
2.7010 193,008.22
3.5321 252,397.01
7.5213 537,457.51
5.1112 365,236.44
1.9115 136,592.08
10.2431 731,952.06
8.5601 611,688.14
.8726 62,354.30
18.2838 1,306,524.88
1.5791 112,839.42
5.1112 365,236.44
29.0879 2,078,564.90
.4155 29,690.82
100.00007 $7,145,806.00
The term "gross cost" of the project as herein used shall
include:
(a) The cost of any lands or rights therein which are
necessary for the project.
(b) The cost of physical structures and equipment.
(c) Architectural, engineering, financial and legal fees.
(d) Capitalized interest on the bonds for a period not
exceeding one year.
(e) Any discount at which bonds are to be offered.
(f) Administrative costs in connection with the construc-
tion of the project and with the sale of bonds therefor.
(g) The cost of any flowage rights through the Detroit
sewer system or any other sewer or drainage system without considera-
tion of said $229,806 credit by the City of Detroit.
(h) Any other necessary costs directly connected with the
said project and the financing thereof.
4. Initially the amount which shall be paid by each
municipality shall be based upon said cost estimates but shall be
subject to adjustment as hereinafter provided. Each municipality
shall pay to the county that portion of the estimated net cost of
the project ($6,916,000) determined by subtracting the municipality's
flowage credit as set forth in paragraph 2 above from the municipality's
apportionment of the estimated gross cost of the project as set forth
in paragraph 3 above, the following being a statement thereof, to-wit:
MUnic inaliti
Apportionment
of Estimated
Gross Cost Flowage Credit
Apportionment
of Estimated
Net Cost
Berkley $ 362,263.78 $ 17,878.08
Birmingham 193,008.22 8,896.87
Clawson 252,397.01 7,339.93
Ferndale 537,457.51 63,165.91
Hazel Park 365,236.44 16,005.79
Huntington Woods 136,592.08 8,125.58
Madison Heights 731,952.06 8,006.50
Oak Park 611,688.14 19,438.59
Pleasant Ridge 62,354.30 4,577.29
Royal Oak 1,306,524.88 61,455.24
Royal Oak Township 112,839.42 9,711.53
Southfield 365,236.44 3,710.82
Troy 2,078,564.90 305.93
Beverly Hills Village 29,690.82 1,187.94
TOTAL $7,145,806.00 $229,806.00
$ 344,385.70
184,111.35
245,057.08
474,291.60
349,230.65
128,466.50
723,945.56
592,249.55
57,777.01
1,245,069.64
103,127.89
361,525.62
2,078,258.97
28,502.88
$6,916,000.00
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5. The amount to be paid by each municipality as above
set forth shall be divided into thirty annual installments numbered
in direct order, of their maturities. The several annual installments
for each municipality, and the total of each installment for all
municipalities, computed on the estimated net cost of $6,916,000,
shall be as set forth in Exhibit A hereto attached and made a part
hereof. The said annual installments shall become due in consecutive
numerical order on the first day of October in each year beginning
with the year 1963, and all amounts thereof from time to time unpaid
shall bear interest from October 1, 1962, which interest shall be
payable on October 1, 1963 and on the first day of October in each
year thereafter and shall be at such rates from year to year so that
the amount due on October 1 of each year will be sufficient to pay
the interest becoming due during the next twelve months on the out-
standing bonds to be issued as provided in paragraph 8 hereof. If
any municipality shall fail to pay any annual installment or interest
when the same becomes due, then the amount thereof shall be subject
to a penalty, in addition to interest, of II for each month or fracti
thereof that the same remains unpaid after the due date. Any munici-
pality may prepay in advance of maturity one or more of said contract
installments on or before November 1, 1962, or such extended date as
shall be fixed by the county agency but not later than the adoption
of the bond ordinance or resolution. Any municipality after the
issuance of the bonds may pay in advance of maturity all or any part
of the principal of an annual contract installment by surrendering
to the county, bonds for the project herein authorized, of a like
principal amount maturing in the same calendar year as the prepaid
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annual installment, with all future due interest coupons attached
thereto. One or more municipalities may participate in the surrender
of a bond in order to make payment of odd balances. Accrued interest
upon the amount paid upon the installment and accrued interest upon
the bonds surrendered shall be adjusted to the date of surrender and
any difference shall be paid in cash.
6. In the event the actual gross cost shall be more or
less than the estimated gross cost, then the adjustment of the amount
due from each municipality shall be determined within one year after
the completion of the construction of the project. If the actual
gross cost of the project shall be less than the estimated gross
cost, then each municipality shall receive credit fo- its pro rata
share of the amount of such decrease in accordance with the percentages
set forth in paragraph 3 above. If a municipality has paid all its
contract installments in full, then the amount of its credit shall be
paid in cash. In other cases the county agency shall determine to
which installment or installments such credit shall be applied but
in no case shall any credit be applied to any installment which would
operate to reduce the total of all unpaid installments becoming due
in any one year to an amount below the principal amount of the out-
standing bonds due in such year less any cash on hand for the payment
thereof. No reductInn shall be made in interest on contract install-
ments on account of such credits until such time as the outstanding
bonds have been reduced by the surplus cash representing such credits.
If the actual 3ross cost shall be greater than the estimated gross
cost, then such additi,me" amount shall be allocated among the
municipalities in accordance with the percentages set forth in
paragraph 3 above and the amount so allocated to each municipality
shall be payable in equal annual installments on October 1 of each
year to and including October 1, 1992, but no payment shall become
due in less than 12 months after the excess cost shall have been
determined. All the terms and conditions in respect to the payment
of the original installments shall apply to such additional install-
ments. If prior to the issuance of bonds the estimated gross cost
of the project shall be increased or decreased then the amount of
such increase or decrease shall be apportioned among the municipalities
in accordance with the percentages set forth in paragraph 3 above and
the amount so allocated to each municipality shall be divided equally
among the remaining annual installments and added thereto or sub-
tracted therefrom as the circumstances require.
7. Each municipality does hereby pledge its full faith
and credit for the prompt payment of the amount due from it to the
county, at the times and in the manner provided in this agreement.
Each city and village agrees to raise the principal and interest
due from it to the county by one or more of the means provided in
Section 5a of Act 342 of the Public Acts of 1939, as amended, and
the Township of Royal Oak agrees to raise the principal and interest
due from it to the county by like means except that during the time
it shall be subject to the 15-mill constitutional limitation it
shall raise the same by means other than taxation: Provided, that
if in any year immediately prior to the levying of taxes by any
municipality, it shall not have sufficient moneys on hand to pay
the next installment of principal and interest, then, subject to
any constitutional limitations, any deficiency shall be levied upon
-13-
the tax roll of that year in an amount so that the collections
therefrom will be sufficient to make possible the full and prompt
payment of such principal and interest on the due date thereof.
Pursuant to the provisions of Section 5a of Act 342, Public Acts
of 1939, as amended, each municipality does hereby authorize the
county treasurer or other official charged with the disbursement
of funds derived from the state sales tax levy under the provision
of Act 167, Public Acts of Michigan 1933, as amended, and returnable
to such municipality pursuant to Section 23, Article X of the
Michigan Constitution, to withhold sufficient funds so returnable,
to make up any default on the part of such municipality.
8. To defray the cost of said project the county shall
issue its negotiable secured by the full faith and credit
pledges made by the several municipalities under this contract,
for the payment of said cost. Said bonds shall be payable serially
over a period of years to correspond with the annual installments
to be paid 'Inder this contract, with the several bond maturities
not more than three months after the due dates of the corresponding
installments Provided, That the foregoing shall not require that
the bonds maturing in any year be otho: *a. in multiples of $5 ,COQ
No such bonds shall be issued unless the county, as additional
security for the payment of the principal of and interest on said
bonds, shall by a proper resolutior. 0!.c1.':ed by a majority vote of
the members elect of the board of , -rvisers, pledge the full faith
and c_, ,it of t: -ourty fo hr P ayTeflt of the princLbal, of
2 '"7 to any constitutionl and interest
shall
$20,0(
bonds o
debt limitation. In event the county shall be required to advance
any moneys by reason of such pledge, on account of the delinquency
of any contracting municipality, it shall, subject to constitutional
provisions, be mandatory for the county treasurer to deduct and
withhold from any moneys, the use of which is not specifically
restricted for other purposes by law and which shall subsequently
come into his hands belonging to such delinquent municipality, an
amount sufficient to reimburse the county for any such advancement:
Provided, however, that the county treasurer shall not withold in
any one year a sum greater than 25% of the total amount owing the
county by such delinquent municipality on account of such advance-
ments: Provided, further, that if the amount so permitted to be
witheld shall be increased by statute, then the county treasurer
-ay withhold the amount of the delinquency up to the amount of such
increased maximum. The county shall not be limited to the foregoing
method to secure reimbursement but may pursue any other legal method
therefor.
9. As additional security for the prompt payment of
principal and interest on the bonds to be issued pursuant to this
contract, there shall be created a Bond Reserve Fund of $100,000
at the rate of $20,000 each year over a five-year period. On or
before 0: tar of each year beginning with the year 1963, each
municipailty which has not paid its cost apportionment in full,
oumty, without interest, that percentage of said
isents its percenne share of the outstanding
he pa7-menL due. If after the said fund
-15-
shall reach the sum of $100,000, it shall become depleted then the
deficit shall be raised at the rate of $20,000 each year and each
municipality shall contribute thereto on the basis of a percentage
determined as above: Provided, it shall not be necessary to raise
in any year a sum greater than the deficit. Upon the retirement of
said bond issue the said reserve shall be divided among the several
municipalities in accordance with their respective payments thereto.
Interest earned on said reserve fund shall be divided every five
years among the municipalities in accordance with their contributions
to the fund: Provided, That if during any five-year period there
shall be a deficit in said reserve fund, then the interest shall be
applied upon the deficit.
10. The Southeastern Oakland County Sewage Disposal System
shall consist of the existing facilities acquired under the provisions
of said Ordinance No. 1987 or otherwise, together with any future
improvements, enlargements and extensions thereto, including those
described in this contract, it being understood however that the use
of the existing pumping station on Eight Mile Road and the use of the
existing interceptor in Andover Avenue in the City of Detroit, are
to be abandoned when the project covered by this contract is completed
and put into operation. The facilities constituting said system shall
be deemed to be inclusive of flowage rights in the sewers of the City
of Detroit.
11. Each municipality agrees to dispose of all the sanitar:
sewage from its territory within the said Southeastern Oakland County
Sewage Disposal District, through the said sewage disposal system and
-16-
to deliver the same through county drairis or otherwise to the said
county sewage disposal system: Provided, That the foregoing shall
not require any municipality to so dispose of its sanitary sewage
from any section thereof which is not provided with lateral sewers.
12. The county agrees to furnish sewage disposal services
as herein outlined to the municipalities as political subdivisions,
to the extent their territories lie within the district, but no
services shall be furnished to individual users in any municipality
unless by special agreement between the county and such municipality.
13. The municipalities agree to pay the county for the
disposal of storm and/or sanitary sewage at such rates as shall be
fixed from time to time in accordance with the provisions of this
agreement and Act No, 342, Michigan Public Acts of 1939, as amended.
Such charges shall be sufficient to provide:
(a) for all costs of operating and maintaining said
county sewage disposal system including charges
by Detroit for sewage disposal;
(b) for the maintenance of the $125,000 Reserve in
the Operation and Maintenance Fund and the
$25,000 Replacement Fund, at the said amounts,
after their original establishment as provided
in paragraph 15 hereof;
(c) for any other necessary and proper costs and
expenses relating to the system.
-17-
Said charges shall be subject to review as provided by law. The
obligation to establish and maintain charges for the purposes set
forth in subparagraphs (a) and (b) above are hereby declared to
pertain to the security of the bonds to be issued pursuant to this
contract.
14. Service Charges by the county for the disposal of
sanitary sewage shall be made to each municipality upon the basis
of the amount of water consumed therein as measured by a master
water meter or meters, if available, or Where not, then as measured
by individual home or business meters adjusted to a master meter
basis, and where no such meter readings are available, then said
service charges shall be based upon the number of "units" served.
The word "unit" as herein used shall mean any property from which
there emanates that quantity of sanitary sewage ordinarily arising
from the occupancy of a residence building by a single family of
ordinary size. The number of units to be assigned to any particular
parcel of property used for other than single residence purposes
shall be determined by the county drain commissioner. The county
drain commissioner, if the circumstances justify, may assign more
than one unit to a single family dwelling. In those cases where
the unit method of charging is used, the county drain commissioner
shall fix a uniform service charge for each "unit." In those cases
where a municipality, in whole or in part, is served by combined
storm and sanitary sewers, an extra charge shall be made against
such municipality to cover the cost of the disposal of storm water.
The county agency shall keep separate accounts covering receipts
and expenditures for the disposal of sanitary sewage and storm water
-18-
sewage. Charges for sewage disposal services shall be payable
monthly or quarterly as shall be determined by the county drain
commissioner. If any municipality does not pay its service charge
on the date the same becomes due, then there shall be added to such
charge a penalty of 17 for each month or fraction thereof for which
the same remains unpaid. Each municipality agrees to make and
enforce charges for sewage disposal services to users within its
limits, sufficient to pay the charges made against it by the county
for sewage disposal services, as the same shall become due. The
payment of charges for sewage disposal shall be the general obliga-
tion of the municipality for which it pledges its full faith and
credit. The county drain commissioner shall have the right to pursue
any method petmitted by law for the collection of any sum due the
county under this agreement from any municipality. The county shall
have the right to deny the use of said county sewage disposal
facilities to any municipality which shall be delinquent for a period
of ninety days in the payment of charges for sewage disposal while
such ddlinquency continues. The foregoing may be accomplished by
blocking off the drains and sewers discharging sewage directly or
indirectly into said county system, or by any other lawful means.
15. There shall be created a Reserve of $125,000 in the
Operation and Maintenance Fund for the purpose of paying any opera-
tion and maintenance expenses in event other moneys in said fund
are not sufficient therefor, which Reserve shall be established at
the rate of $25,000 each year over a five-year period. On or before
October 1 of each year beginning with the year 1963, each municipality
19-
shall pay to the county without interest that percentage of said
$25,000 which represents its percentage share of the gross cost of
the project. There shall also be created a Replacement Fund of
$25,000 to be used in making emergency replacements in the system
from time to time, which fund shall be established at the rate of
$5,000 each year over a five-year period. On or before October 1
of each year beginning with the year 1963, each municipality shall
pay to the county without interest that percentage of said $5,000
which represents its percentage share of the gross cost of the
project. Any moneys expended from said Reserve in the Operation
and Maintenance Fund or from said Replacement Fund shall be restored
as soon as possible from revenues of the system as provided in
paragraph 13, subparagraph (b) hereof. Said Reserve and Fund may be
invested in short-term United States Government obligations and any
interest earned thereon shall be divided every five years among the
municipalities in accordance with their contributions to said Reserve
and Fund.
16. Each municipality shall be responsible for the
character of the sewage originating therein and shall comply with
the county's standards and regulations controlling discharge of
industrial and/or commercial type wastes into the county system.
If the Character of sewage contributed from any municipality shall
be such that it imposes an unreasonable additional burden upon the
said county system, then an additional charge shall be made over
and above the regular service Charge, or it may be required that
such sewage be treated before being emptied into the county system
,20-
or the right to empty such sewage into the county system may be
denied, if necessary, for the protection of said system or the
public health or safety.
17. The county drain commissioner by and with the
approval of the county board of supervisors shall establish such
rules and regulations as will prevent storm or ground water from
entering the county system from those municipalities or parts of
municipalities served by a separate sanitary sewer system, Such
rules and regulations may provide for the submission to the county
drain commissioner for review and approval, of plans and specifica-
tions for new sewers (both sanitary and combined) in the service
area of the Southeastern Oakland County Sewage Disposal System;
may provide for the issuance of permits to connect sewers either
directly or indirectly to said system and for a fee therefor to
cover the cost of inspection and services in connection therewith;
may require the submission by the applicant of infiltration and/or
exfiltration tests to determine the amount of ground or storm water
entering the sewers. Other rules and regulations may likewise be
established covering such other matters as may be necessary for the
efficient operation and protection of said system.
18. The provisions of this agreement shall not be modified
or terminated so as to impair the security of any bonds issued by the
county upon the full faith and credit pledges of the municipalities.
It is hereby declared that the terms of this agreement insofar as
they pertain to the security of any such bonds, shall be deemed to
be for the benefit of the holders of said bonds.
-21-
19. Each municipality agrees: that its water supply
system and sewage disposal system, and all records pertaining
thereto, will be subject to reasonable inspection by either the
county or the City of Detroit, for the purpose of determining any
matter connected with any contract between the county and the City
of Detroit for sewage flowage rights or disposal, or any contract
between the county and the municipalities in respect to sewage
disposal; that it will meter all water furnished by it to each
premises within its limits which lies within the district; that
it will properly maintain such individual water meters and all
master water meters which it is required to maintain; and that it
will furnish the county and City of Detroit with information in
respect to water consumption within its limits and especially with
that which is necessary for the billing of sewage disposal charges.
The county agrees that its records in respect to the system will be
subject to reasonable inspection by any municipality.
20. As of September 30, 1961, there were the following
net balances in the funds of the Southeastern Oakland County Sewage
Disposal System after deducting all liabilities thereof, to-wit:
Receiving Fund $ 95,995.36
Operation and Maintenance
Fund (Reserve) 90,000.00
Bond and Interest Redemption
Fund none
Replacement (Depreciation) Fund 55,000.00
Improvement (Contingent) Fund 109,910.00
$350,865.36
The said sum of $350,865.36 shall be refunded to the several
municipalities in accordance with the amount of sewage treatment
-22-
charges billed to Chem from the beginning of the operation of the
system through September 30, 1961. The following are the percentages
so paid by the several municipalities, to-wit:
Municipality Per cent
City of Berkley 7.7810
City of Birmingham 4.3382
City of Clawson 3.0769
City of Ferndale 27.7384
City of Hazel Park 6.7738
City of Huntington Woods 3.3566
City of Madison Heights 3.2124
City of Oak Park 7.4146
City of Pleasant Ridge 1.9874
City of Royal Oak 25.8568
City of Southfield 1.3801
City of Troy .1126
Village of Beverly Hills .4217
Township of Royal Oak 4.2727
City of Detroit - a/c Zoo
and Golf Course 2.2768
100.0000%
Any additional sums accumulated in said funds from September 30,
1961 to the first billing date after the effective date of this
contract, shall be refunded to the several municipalities in
accordance with the amount of sewage disposal charges billed to
them during said period. The total amount to be so refunded to
each municipality shall be paid in cash at the following times
and in the following percentages, to-wit:
Upon the effective date of this
agreement 40%
1 year from said effective date 20%
2 years from said effective date 20%
3 years from said effective date 20%
Pending the said distribution any interest earned by the county upon
any balance due in one, two and three years, shall be distributed
-23-
annually to the municipalities in proportion to their respective
interests in the principal. The amounts so retained for later
payment shall be placed in a fund to be designated as "Temporary
Reserve Fund" and shall be loaned to the reserve for operating and/or
the reserve for bond principal and interest heretofore provided for,
in event the said reserves are not sufficient to meet the require-
ments thereof. Any moneys so loaned shall be repaid from said reserves
as soon as possible.
21. Any amounts which the county may receive toward the
construction of the project from the City of Detroit on account of
the Detroit Zoological Park or Rackham Golf Course or which it may
receive from the Federal Government, shall be placed in the
Construction Fund.
22. Inasmuch as those municipalities which pay all or
any part of their contract obligations in advance of the issuance
of bonds do not receive any benefit from the interest actually
capitalized (as distinguished from the capitalized interest item
in the Estimate of Cost), therefore any municipality making such
advance payment shall be entitled to a cash refund for each dollar
so advanced which is equal to the amount of interest actually
capitalized for each dollar of bonds issued.
23. Insofar as the municipalities have a right to control
the area of the Southeastern Oakland County Sewage Disposal District,
the boundaries of said district shall not be changed without the
consent of the legislative bodies of at least three-fourths of the
municipalities wholly or partly included in the district.
-24-
24. The county shall not dispose of the remaining 80
cubic feet per second of capacity in the Detroit sewers allocated
to the Southeastern Oakland County Sewage Disposal District which
is over and above the 118 cubic feet per second capacity to be
purchased as provided in this contract, unless agreed to by the
legislative bodies of at least 50% of the municipalities, wholly
or partly included in the district.
25. Where interest is earned on invested moneys in any
fund, said interest shall follow the fund.
26. The municipalities agree to do all things which are
necessary on their part in order that the county may comply with
the requirements of the contracts between the county and the City
of Detroit for transportation and disposal of sewage from the
Southeastern Oakland County Sewage Disposal District.
27. This contract in-part covers matters relating to
the acquisition, construction and financing of the project, as
authorized by Section 5a of Act 342, Public Acts of 1939, as
amended, and in part covers operational and other matters not
within the scope of said section. Therefore, the fact that this
contract includes such operational and other matters shall not be
construed as preventing its amendment as to such matters without
complying with the provisions of Section 5b of said act which are
applicable to contracts for the acquisition, construction and
financing of this project.
28. This contract shall become effective upon its
execution by all the parties hereto. Thereafter this contract
-25-
By — -
Mayor
L
City aerk
CITY OF FERNDALE
By
Mayor
S:ity Clerk
By
CITY OF .....CLAWSON
City Clerk
CITY OF HUNTINGTON WOODS
By
Mayor
/ City Clerk
shall be in full force and effect until January 1 in the year 2002.
It shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns. Nothing herein
contained however shall require the county to construct and operate
the project if it is unable to sell bonds to finance the same.
IN WITNESS WHEREOF, the parties hereto have caused this
contract to be executed by their properly authorized officials as
of the day and year first above written.
(Each official executing this agreement hereby certifies that his
signature was affixed hereto on the date appearing immediately
thereunder.)
\QpiuNtYOF OAKLAND
‘
By '
County Din Commis
CITY OF BERKLEY CITY OF BIRMINGHAM
Mayor
By
City Clerk
CITY OF HAZEL PARK
-26-
CITY OF MADISON HEIGHTS
By By
ayor
City Clerk.
CITY-OF OAK PARK
,
.Mayor .
City Clerk
By
City: C1ek
CITY OF ROYAL OAK
1:1„/
Mayor
CITY OF SOUTHFIELD
By
City Cleri<
Mayor
CITY OF .TROY
By
NicILLAGE OF BEVERLY HILTS
By
By
TOWNSHIP OF ROYAL OAK
SupervispX / -
BY
Township ClO
//-""
CITY OF PLEASANT RIDGE
By
Mayor
-27-
SCHEDULE OF
SOUTHEASTERN OAKLAND (
City of City of
Ferndale Hazel Park
Inst.
Inst. Due
No, October 1
1 1963
2 1964
3 1965
4 1966
5 1967
6 1968
7 1969
8 1970
9 1971
10 1972
11 1973
12 1974
13 1975
14 1976
15 1977
16 1978
17 1979
18 1980
19 1981
20 1982
21 1983
22. 1984
23 1985
24 1986
25 1987
26 1988
27 1989
28 1990
29 1991
30 1992
Total
City of City of
Berkley Birmingham
$ 4, 385. 70 $ 2, 111. 35
5, 800. 00 3, 000. 00
7, 300. 00 5, 000. 00
7, 800. 00 5, 000, 00
8, 300. 00 5, 000. 00
8, 800, 00 6, 000. 00
9, 000. 00 6, 000. 00
9, 100.00 6, 000. 00
9, 500, 00 6, 000. 00
9, 900. 00 6, 000. 00
10, 000. 00 6, 000. 00
10, 000, 00 6, 000. 00
10, 000.00 6, 000. 00
10, 100,00 6, 000, 00
10, 600.00 6, 000. 00
11, 100.00 6, 000, 00
11, 500.00 7, 000. 00
12, 000. 00 7, 000. 00
12, 500.00 7, 000. 00
12, 900. 00 7,000. 00
13, 300,00 7, 000, 00
13, 800, 00 7, 000, 00
14, 200.00 7, 000. 00
14, 700, 00 7, 000. 00
15, 2,00, 00 7, 000, 00
15, 600.00 7, 000_ 00
16, 000.00 7, 000, 00
16, 500, 00 7, 000, 00
17, 000, 00 7, 000. 00
17, 500,00 7, 000. 00
City of
Clawson
$ 3, 057. 08
3, 500, 00
4, 000. 00
4, 600. 00
5, 100. 00
6, 100, 00
6, 500. 00
7, 000. 00
7, 200, 00
7, 400. 00
7, 500. 00
7, 500, 00
7, 500, 00
7, 500. 00
7, 600. 00
8, 000. 00
8, 300. 00
8, 600. 00
9, 000,00
9, 300, 00
9, 500, 00
9, 800, 00
10, 200. 00
10, 500.00
10, 800,00
11, 100,00
11, 500,00
11, 800,00
12, 100.00
12, 500,00
$ 6, 291. 60
6, 800. 00
7, 300. 00
7, 900. 00
8, 900. 00
9, 400. 00
10, 400. 00
11, 000. 00
11, 600. 00
12, 300.00
13, 000. 00
13, 000. 00
14, 000. 00
14, 800, 00
15, 400. 00
16, 100.00
16, 800. 00
17, 400, 00
18, 100.00
18, 800. 00
19, 500.00
20, 100.00
20, 800, 00
21, 500, 00
22, 200. 00
22, 800, 00
23, 500. 00
24, 200. 00
24, 800. 00
25, 600, 00
$ 4, 230, 65
5, 500, 00
6, 500, 00
7, 500. 00
8, 500. 00
9, 500.00
10, 000. 00
10, 500.00
11, 000. 00
11, 000. 00
11, 000. 00
11, 000. 00
11, 000. 00
11, 500. 00
11, 600. 00
11, 600, 00
11, 600,00
12, 000, 00
12, 500. 00
12, 800, 00
12, 800,00
13, 300.00
13, 700,00
14, 200.00
14, 600, 00
15, 000, 00
15, 500, 00
15, 900, 00
16, 400.00
17, 000, 00
City of
Huntington
Woods
$ 1, 466. 50
2, 300. 00
2, 500. 00
2, 600. 00
2, 700, 00
2, 800, 00
2, 900. 00
3, 000, 00
3, 200, 00
3, 300, 00
3, 500, 00
3, 500,00
3, 600, 00
3, 900. 00
4, 100. 00
4, 300, 00
4, 400. 00
4, 600, 00
800, 00
5, 000, 00
5, 200, 00
5, 400, 00
5, 500. 00
5, 700. 00
5, 900. 00
6, 100, 00
6, 300. 00
6, 400, 00
6, 600, 00
6, 900. 00
City of
Madison
Heights
$ 8,945.56
9, 300, 00
12, 400. 00
14, 800.00
16, 500.00
18, 600, 00
18, 700, 00
18, 800. 00
19, 000, 00
19, 500,00
19, 800,00
19, 800.00
20, 000, 00
21, 900. 00
2Z, 800. 00
23, 900.00
24, 500.00
25, 800. 00
26, 800. 00
27, 800_ 00
28, 900. 00
29, 900, 00
30, 900. 00
31, 90.0. 00
32, 900. 00
33, 900. 00
34„ 900, 00
35, 900. 00
36, 900, 00
38, 2.00,00
$344, 385, 70 $184, 111,35 $245, 057. 08 $474, 291. 60 $349, 230. 65 $128, 466, 50 $723, 945. 56
% of $6, 916, 000 4,9796 2.6621 3, 5433 6.8579 5. 0496 1. 8575 10. 4677
1,
1 ,
1,
1,
1,
1,
1 ,
1,
1,
1,
1 ,
1,
1 ,
$ 61,
70,
85,
100,
115,
130,
145,
160,
170,
180,
190,
200,
210,
220,
230,
240,
250,
260,
270,
280,
290,
300,
310,
320,
330,
340,
350,
360,
370,
000. 00
000. 00
000. 00
000. 00
000, 00
000. 00
000, 00
000. 00
000. 00
000. 00
000. 00
000. 00
000. 00
000, 00
000, 00
000, 00
000. 00
000. 00
000. 00
000, 00
000, 00
000, 00
000, 00
000. 00
000. 00
000, 00
000, 00
000, 00
000. 00
380, 000. 00
RINCIPAL PAYMENTS
A L CONTRACTS
OUNTY SEWAGE DISPOSAL SYSTEM Exhibit A
City of
Oak Park
City of
Pleasant
Ridge
City of
Royal Oak
Township of City of
Royal Oak Southfield
City of
Troy
Village of
Beverly
Hills Total
64
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
89
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
7, 249, 55
9, 000.00
10, 000. 00
1, 000, 00
12, 000,00
13, 000.00
14, 000.00
5, 000. 00
16, 000.00
1 7, 000. 00
18, 000.00
18, 000.00
I 8, 000, 00
18, 500,00
/ 8, 800. 00
19, 600.00
20, 400. 00
21, 200,00
22, 100. 00
22, 900. 00
23, 400. 00
24, 200. 00
25, 000,00
25, 800. 00
2.6, 600. 00
27, 400, 00
28, 300. 00
29, 100.00
2.9, 900. 00
30, 800. 00
$ 1, 777. 01
1, 000. 00
1, 000. 00
1, 000,00
1, 000,00
1, 200. 00
1, 400. 00
1, 400. 00
1, 500.00
1, 500, 00
1, 600.00
1, 600. 00
1, 600. 00
1, 700.00
1, 800. 00
1, 900. 00
2, 000,00
2, 000. 00
2, 100.00
2, 200, 00
2, 300. 00
2, 400. 00
2, 500.00
2, 500. 00
2, 600, 00
2, 700.00
2, 800. 00
2, 800. 00
2, 900. 00
3, 000. 00
$ 15,069.
17, 500.
20, 000.
22, 000.
24, 600,
26, 300.
28, 000.
30, 700,
32, 500.
35, 300.
38, 000.
38, 000.
38, 000.
38, 200.
39, 900.
41, 600.
43, 300,
45, 000,
46, 800.
48, 500.
49, 800.
51, 600.
53, 300,
55, 000.
56, 700.
58, 400.
60, 200.
61, 900.
63, 600.
65, 300.
$ 2, 127.
2, 000.
2, 100.
2., 200.
2, 300.
2, 400.
2, 500.
2, 600.
2, 600,
2, 700.
2, 800.
2, 800.
2, 900.
3, 100.
3, 200.
3, 300.
3, 500.
3, 600,
3, 800.
3, 900.
4, 000.
4, 200.
4, 300.
4, 500.
4, 600.
4 %700.
4,900.
5, 000,
5, 200.
5, 300.
$ 1,
1,
1,
1,
2,
4,
6,
s,
8.
9,
10,
11,
11,
12.
12,
13,
14,
14,
15,
15,
16,
16,
17,
17,
18,
19,
19,
20,
20,
21,
525, 62
000.00
000. 00
000. 00
000. 00
000. 00
000. 00
400.00
900.00
400,00
000.00
000. 00
800.00
300. 00
900. 00
400. 00
000. 00
500, 00
100.00
700. 00
ZOO. 00
800. 00
400. 00
900, 00
500.00
000, 00
600. 00
100,00
700. 00
400. 00
$ 2, 258.97
2, 800. 00
5, 400, 00
12, 100.00
17, 600. 00
21, 400. 00
29, 000. 00
35, 800.00
40, 300, 00
43, 900. 00
43, 000. 00
57, 000. 00
64, 800.00
69, 600. 00
74, 400, 00
78, 200. 00
81, 700,00
85, 300. 00
88, 300. 00
92, 100. 00
97, 000. 00
100, 300, 00
104, 000, 00
107, 500.00
111, 100, 00
115, 000. 00
118, 100,00
122, 000. 00
125, 400. 00
127, 900. 00
$2, 078, 258. 97
502. 88
500. 00
500, 00
500.00
500, 00
500, 00
600.00
700. 00
700. 00
800, 00
800, 00
800. 00
800. 00
900. 00
900. 00
000, 00
000, 00
000. 00
100.00
100.00
100,00
200. 00
200, 00
300. 00
300. 00
300, 00
400, 00
400, 00
500. 00
600, 00
$592, 249.55 $57, 777. 01 $1, 245, 069.64 $103, 12.7.89 $361, 52.5.62 $28, 502. 88 $6, 916, 000. 00
8,5635 0. 8354 18. 0027 1.4912 5. 2274 30, 0500 0,4121 100. 0000
Oakland County Di7osa1 District, the following being a
; and
H. WHEREAS, the said contract provides that the county
shall issue its negotiable bonds secured by the full faith and
credit ;pledges made by the several municipalities under said
contract for the payment of the cost of the project, which contract
provision is subject to the following stipulation, to-wit:
No such bonds shall be issued unless the county,
as additional security for the payment of the
principal of and interest on said bonds, shall
by a proper resolution arkyprc:1 by a majority
vote of thQ in=rs of the board of
rs, pledge the full faith and credit
of the county for the prompt payment of the
principal of and interest on said bonds subject
however to any constitutional debt iimitation
; and
I, •EREAS, the United States Government under 33 U.S.C-
§466, et sect„ as made a grant of $1,365,538.63 to the county for
the project, for the benefit of the municipalities in Southeastern
statement of each municipality's apportionment of the project's
estimated net cost as set forth in paragraph 4 of the contract of
October 1, 1962, the amount of the Federal grant apportioned to
each municipality and the balance after giving affect to said
grant, to-wit:
-33-
245,057.08
474,291.60
349,230.65
128,466.50
723,945.56
592,249.55
57,777.01
1,245,069.4
103,12'.:9
36 1 ,c25.2
28,502.38
44,47.7 .67
58,156.94
123,84,16
84,157.24
31,473.35
168,655.30
140,944.27
14,367.59
250,000.00
26,000.29
84,157.23
250,0u%00
631 31
TOTAL $6,916, ,00 $1,366,538.63 46 .37
11:11aLq1staILLE
Apportior=':
of Es=7d Amount of
•ost Federal Grant Balance
260,913.49 Berklcy $ 341,385.70 $ 83,472.28
Birmingham
Clawson
Ferndale
Hazel Park
Huntington Woods
Madison Heights
Oak Park
Pleasant Ridge
'Royal Oak
Royal Oak Township
Southfield
Troy
Beverly Hills Village
revusrva...werldr.TeRW-A9...
fC,451.44
265,073.41
96,993.15
555,290.26
451,305.28
43,409.42
995,069.64
77,127.60
?77,A68.39
58.97
21,661.57
; and
J. WREREAS, each municipality's balance as shown in the
foregoing recital when divided into 30 annual installments in
approximately the sam ratio as shown on Exhibit A attached to said
contract of October 1, 1962, is as follows:
ANNUAL INSTALLMENTS FOR EACH MUNICIPALITY AFTER GIVING EFFEE01
Inst.
Due
Oct. 1
1 1963
2 1964
3 1965
4 1966
5 1967
6 1968
7 1969
8 1970
9 1971
10 1972
11 1973
12 1974
13 1975
14 1976
15 1977
16 1978
17 1979
18 1980
19 1981
20 1982
21 1983
22 1984
2.3 1985
24 1986
25 1987
2,6 1988
27 1989
28 1990
29 1991
.'1) 1992
Total
City
of
Berkley
$ 3, 113.42
4, 400, 00
5,500. 00
5, 900. 00
6,500. 00
6,700. 00
6,800. 00
7, 100. 00
7,200. 00
7, 500, 00
7,600. 00
7,600. 00
7, 600, 00
7,700. 00
8,000. 00
8,400, 00
8,700. 00
9, 100, 00
9,500. 00
9,800. 00
10, 100, 00
10, 500. 00
10, 800. 00
11, 100. 00
11, 500, 00
11,800. 00
12, 100. 00
12, 500. 00
12, 700. 00
13, 100. 00
$2.60, 913.42
City City
of of
Birmingham Clawson
$ 338. 68 $2, 300, 14
2, 700. 00 2, 700, 00
4,300. 00 3, 100, 00
5, 100. 00 3, 500, 00
5, 600, 00 3, 900. 00
5, 500. 00 4, 700, 00
4,800. 00 5, 000. 00
5,500. 00 5,300. 00
4, 500. 00 5, 500, 00
5, 400. 00 5, 600. 00
5, 100, 00 5, 700. 00
4, 500. 00 5, 700. 00
4, 900, 00 5, 700. 00
4, 800. 00 5, 700. 00
4, 300. 00 5, 800. 00
5,400. 00 6, 100. 00
4, 100. 00 6, 300. 00
5,700. 00 6,600. 00
4, 800. 00 6, 900. 00
4,700. 00 7, 100. 00
5,700. 00 7,200. 00
4, 500. 00 7, 500. 00
5, 200. 00 7, 800. 00
4, 100. 00 8, 000. 00
4,200. 00 8, 200. 00
5, 700. 00 8, 500, 00
4, 800. 00 8, 800, 00
4,900. 00 9, 000. 00
4, 200. 00 9, 200. 00
4,300. 00 9,500. 00
City
of
Ferndale
$ 4, 651. 44
5, 000. 00
5,400. 00
5,800. 00
6, 800. 00
7, 200. 00
7, 700. 00
8,300. 00
8, 600. 00
9, 100. 00
9, 600. 00
9, 600. 00
10, 300. 00
10, 900. 00
11, 400. 00
11, 900. 00
12, 400. 00
12, 900, 00
13, 400. 00
13, 900. 00
14, 400. 00
14, 900. 00
15, 400. 00
15, 900. 00
16, 400. 00
16, 800. 00
17, 400. 00
17, 900. 00
18, 100, 00
18, 400. 00
City
of
Hazel Park
$ 3,473, 41
4, 100, 00
4, 900. 00
5,700. 00
6, 700. 00
7, 200. 00
7,600. 00
8, 100. 00
8,300. 00
8, 300. 00
8, 300. 00
8,300. 00
8,300. 00
8,700. 00
8, 800. 00
8,800. 00
8,800. 00
9, 100. 00
9,500. 00
9, 700. 00
9,700. 00
10, 100. 00
10,400. 00
10, 800, 00
11, 100. 00
11,400. 00
11,800. 00
12, 100. 00
12, 300. 00
12, 700. 00
City of
Huntington
Woods
$1, 193. 15
1,700. 00
1,900. 00
2, 000. 00
2, 100. 00
2, 200. 00
2,200. 00
2,300. 00
2, 400. 00
2,600. 00
2,600. 00
2,600. 00
2, 700, 00
2,900. 00
3, 100. 00
3,200. 00
3,300. 00
3, 500, 00
3,600. 00
3,800. 00
3,900. 00
4, 100. 00
4, 200. 00
4,300. 00
4, 500. 00
4, 600. 00
4, 800. 00
4,800. 00
5,000. 00
5,000. 00
$96, 993. 15
City of
Madison
Heights
$ 6, 790. 26
7,100. 00
9,500. 00
11, 400, 00
12, 900. 00
14, 300. 00
14, 300. 00
14, 500. 00
14, 600. 00
15,000. 00
15, 200. 00
15,2.00. 00
15,300. 00
16, 800. 00
17, 500. 00
18, 300. 00
18, 800. 00
19, 800. 00
20, 600. 00
21, 300. 00
22,200. 00
22, 900. 00
23, 700. 00
24, 500. 00
25,200. 00
26, 000. 00
26, 800. 00
27, 500. 00
28,200. 00
29, 100.00,
City of
Pleasant
Ridge
$ 5, 405. 28 $ 409,42
6, 900. 00 1, 000. 0(
7,600. 00 1, 000. 0(
8, 400. 00 1,000. 0(
9, 600. 00 1,000. OC
10, 200. 00 1,000. 0(
10, 700. 00 1,000. 0(
11, 800. 00 1, 000. OC
12,2.00. 00 1, 000. 0(
13, 000. 00 1, 000, 0(
13, 700. 00 1, 200, 0(
13,700. 00 1,200. 0(
13, 700.00 1,200. 0(
14, 100.00 1,300. 0(
14, 300, 00 1,400. 0(
14, 900. 00 1,400. 0(
15,500. 00 1,500. 0(
16, 200. 00 1, 500. 0(
16, 800. 00 1, 600. 0(
17, 500. 00 1, 700. 0(
17, 800. 00 1, 700, 0(
18,400. 00 1,800. 0(
19, 100. 00 1,900, 0(
19, 700. 00 1,900. 0(
20, 300. 00 2, 000, 0(
20, 900. 00 2, 000. 0(
21, 600, 00 2., 100. 0(
22,200. 00 2., 100, 0(
22, 400. 00 2, 200, 0(
22, 700. 00 2,300. 01
Inst.
No,
$139, 638, 68 $186, 900, 14 $350, 451.44 $265, 073, 41
City
of
Oak Park
$555, 290. 26 $451,305.28 $43, 409. 4,
TO FEDERAL GRANT UNDER 33 U. S. C. SEC. 466 ET, SEQ.
1
1
City
of
Royal Oak
$11, 869. 64
14, 000. 00
17, 000. 00
17, 600. 00
19, 800. 00
21, 000.00
22, 400. 00
24, 800. 00
26, 000. 00
28, 200. 00
30,400. 00
30,400. 00
30,400. 00
30,500. 00
31, 900, 00
33,200. 00
34, 600. 00
36, 000. 00
37,400. 00
38, 800. 00
39, 800. 00
41,200, 00
42, 600. 00
44, 000. 00
45, 300, 00
47, 000_ 00
48, 100. 00
49, 500. 00
50, 500. 00
50, 800. 00
Township
of
Royal Oak
$1, 727. 60
1, 500. 00
1, 600. 00
1, 600. 00
1, 700. 00
1, 800. 00
1,900. 00
1, 900. 00
1, 900. 00
2,000. 00
2, 100. 00
2, 100. 00
2,200, 00
2,300. 00
2, 400. 00
2,500. 00
2, 600, 00
2,700. 00
2, 800. 00
2,900. 00
3,000. 00
3, 100. 00
3,200. 00
3,400. 00
3, 400. 00
3, 500. 00
3,700. 00
3,700. 00
3,900. 00
4, 000. 00
City
of
Southfield
$ 868.39
1, 000. 00
1, 000. 00
1, 000. 00
1,500. 00
3, 000. 00
4, 600. 00
6,400. 00
6, 800. 00
7,200. 00
7,700. 00
8, 400. 00
9, 100. 00
9, 400. 00
9, 900. 00
10, 300. 00
10, 700. 00
11, 100.00
11,600. 00
12, 000. 00
12, 400. 00
12, 900. 00
13, 300. 00
13, 700. 00
14, 200. 00
14, 600. 00
15, 000. 00
15,400. 00
15, 900. 00
16, 400. 00
City
of
Troy
2, 058. 97
2, 500. 00
6,800. 00
10, 600. 00
16, 500. 00
19, 800. 00
25, 500. 00
32, 500. 00
35, 500. 00
39, 600. 00
45, 200. 00
50, 100. 00
58, 000. 00
59, 200. 00
65, 500. 00
69, 800. 00
71,900. 00
75, 000. 00
75, 700. 00
81, 000. 00
86, 300, 00
87, 200. 00
91, 500. 00
92, 600. 00
97, 700. 00
01, 200. 00
01, 900. 00
07, 300. 00
9, 300. 00
10, 500. 00
Village
of
Beverly Hills
$ 261.57
400. 00
400. 00
400. 00
400. 00
400. 00
500. 00
500. 00
500. 00
600. 00
600. 00
600. 00
600. 00
700. 00
700. 00
800. 00
800. 00
800. 00
800. 00
800. 00
800. 00
900. 00
900. 00
1,000. 00
1, 000.00
1, 000. 00
1, 100. 00
1, 100. 00
1, 100.00
1, 200. 00
Total
$ 44, 461. 37
55, 000. 00
70, 000. 00
80, 000, 00
95, 000. 00
105, 000. 00
115, 000. 00
130, 000. 00
135, 000. 00
145, 000. 00
155, 000. 00
160, 000. 00
170, 000. 00
175, 000. 00
185, 000. 00
195, 000. 00
200, 000. 00
210, 000. 00
215, 000. 00
225, 000. 00
2.35,000. 00
240, 000. 00
250, 000_ 00
255, 000. 00
2.65,000. 00
275, 000. 00
280, 000. 00
290, 000. 00
295, 000. 00
300, 000. 00
Prepayment
by City of
Birmingham
$ 338. 68
2, 700. 00
4, 300. 00
5, 100. 00
5,600. 00
5,500. 00
4, 800. 00
5,500. 00
4, 500. 00
5,400. 00
5, 100.00
4,500. 00
4, 900. 00
4, 800. 00
4,300. 00
5,400. 00
4, 100.00
5,700. 00
4, 800. 00
4, 700, 00
5,700. 00
4, 500. 00
5,200. 00
4, 100. 00
4, 200. 00
5, 700. 00
4, 800. 00
4, 900. 00
4, 200. 00
4, 300. 00
Balance
Principal
Payments
Due
$ 44, 122. 69*
52, 300. 00
65, 700. 00
74, 900. 00
89, 400. 00
99, 500. 00
110, 200. 00
124, 500. 00
130, 500. 00
139, 600. 00
149, 900. 00
155, 500. 00
165, 100.00
170, 200. 00
180, 700. 00
189, 600. 00
195, 900. 00
2.04, 300. 00
210, 200. 00
220, 300. 00
229, 300. 00
235, 500. 00
244, 800. 00
250, 900. 00
260, 800. 00
269, 300. 00
275, 200. 00
285, 100. 00
290, 800, 00
295, 700. 00
$995, 069. 64 $77, 127.60 $277, 368. 39 $1, 828, 258. 97 $21, 661. 57 $5, 549, 461. 37 $139, 638. 68 $5, 409, 822. 69
*$4, 822. 69 to be transferred to Construction Fund.
; and
K. WHEREAS, the county desires to issue bonds in
anticipation of payments to be made under said contract by the
several municipalities except the City of Birmingham which has
paid its balance of $139,63S,6F in advance;
THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF
OAKLAND MUNTY, MICHIGAN, as follows:
1. That the bonds of said County of Oakland aggregating
the principal sum of Five Million Four Hundred Five Thousand
Dollars ($5,405,000) shall be issued and sold pursuant to the
provisions of Act No, 342 of the Public Acts of 1939, as amended,
and other applicable statutory proviicrL, for the purpose of
defraying a part of the cost of improving enlarging and extending
the Southeastern Oakland County- Sewage Disposal System, That the
said bonds shall be known as "Southeastern Oakland County Sewage
Disposal System Bonds" shall be dated as of January 1, 1963; shall
be numbered consecutively in the direct order of their maturities
from 1 to 1081, both inclusive; shall be coupon bonds in the
denomination of $5,000 each; shall be registrable as to principal
only in the manner hereinafter set forth. in the bond form; shall
bear interest at a rate or rates to be hereafter determined not
exceeding 5% annum, payable on May 1, 1963 and thereafter
semi-annually on the first days of May and November in each year;
and shall mature on the first day of November in each year as
follows:
-36-
shall be subject to redemption maturity as a whole,
Year Amount Year Amount Year Amount
1963 $ 35 ,!)C:0 1973 $150,000 1933 $230,000
1964 5 5,0 00 1974 155 ,CG0 1984 235,000
1965 65,033 1975 165,0 1935 245,000
1966 75.000 1976 170,000 19& 250,000
1967 90,00 1977 180,000 19:7r, 260,000
1968 100,N?;) 1978 190,00 19E, 270,00
1969 110,00 1.979 195,330 198; 275,7
1970 1 25,0G3 1980 205,030 1990 265,
1971 130 u) 1981 2L 0C•3 1991 290,0
1972 140,300 1982 220,::-=n 1 --).;: 300,000
Al? bonds shall have proper coupons attached thereto evidencing
interest to their respective dates of maturity. The said bonds
shall not be subject to redemption prior to maturity .except as
follows:
(a) Bonds Nos. 964 thru 1081 maturing in the years 1991 and 199:;
shall be subject t red,: on prior to maturity as a whole
or in part in inverse numerical order, at the option of the
county, on any one or more interest paymetz dates on and
after November 1, 1965.
(b) Bonds Nos. 388 thru 963 maturing in the years 1979 thru
but not in part, at the option. of Lhe county, on any one
interest payment date on or aftex vember 1, 1978—
Bonds so called for re&tmption shall be redeemed at the par value.
thereof and accrued interest plus a premium on each bond in
accordance with the following schedule:-
-37-
prior to November 1, 1978
on or after November 1, 1978 but
on or after November 1, 1980 but
on or after November 1, 1982 but
on or after Nvvember 1, 1984 but
on or after November 1, 1987 but
deemed on lr after Nlyvember 1, 1990
50 if called to be redeemed
25 if called to be redeemed
primr to November 1, 1980
$100 if called to be redeemed
prior to N'vember 1, 1982
$ 75 if called to be redeemed
prior to November 1, 1984
$ 50 if calle4 to be redeemed
prior to November 1, 1987
$ 25 if called to be redeemed
prior to November 1, 1990
No premium if called to be re
Notice of redemption shall be giwin to the holders of the bonds
called to be redeAmed, by r,1,t1ication of such notice not less than
thirty days prior the date fixed for redemption, at least once
in A newspaper or publication published in the City of New York,
New York, which carries al a part of its regular service, notices
of the sale ofmt:...nicipal Provided, that where any bond
shall be registered, then notice of the redemption thereof shall
be given by registered or certified 4nited States mail addressed
to the registered hvlder thereof at the address shown on the Oakland
Cmunty Treasurer's registration books, which notice shall be mailed
7/Yt less than thirty (30) days prior to the date fixed for redemp-
tiln. Binds sq called f4r redemption shall not bear interest after
the date fixe4 flr redemption, provided fti.nd. are on hand with the
principal paying agent to redeem the same.
. That the said bonds ;1',hal1 be issued in anticipation
of the payment by the several municipalities, except the City of
Birmingham, of their respective apportionments of the estimated
net cost of the project as set forth in paragraph 4 of said contract
of October 1, 1962 after crediting to each municipality its portion
of said Federal grant, the said estimated net cost apportionment
-38-
and the sairi Federal grant apportionment together with the re-
maining balance, being set forth in recital I above, and the.
diviision of each municipality's balance into 30 annual tnstallments
being set forth in recital J above: Provided, that the sum of
- $4,822.69 shall be transferred to the Construction Fund of the
project from the proceeds of the first installment.
4. That the said bonds shall be secured by the full
faith and credit pledges made by each contracting municipality in
said contract of October 1, 1962 pursuant to authorization con-
tained in Act No, 342, Public Acts of 1939, as amended. As
additional security for the payment of the principal of and interest
on said bonds the full faith and credit of the county is hereby
pledged for the prompt payment of said principal and interest.
5. That the princi said bonds and the interest
thereon shall be payable in laful money of the United States of
America at such bank or trust company as shall be designated by
the original purchaser of the bonds, upon presentation and surrender
of said bonds and attached coupons as they severally mature. Such
purchaser shall have the right to name not to exceed two co-paying
agents.
6. That tha Chairman of the County Board. of Supervisors.,
the County- Drain Commissioner as the agent of the county- and the
County Clerk-Register of Deeds are hereby authorized and directed
to execute said bonds for and on behalf of the County of Oakland.
and to affix the seal of the county thereto, and to execute the
interest coupons Lc be attached to said bonds by causing to be
-39-
and maintained a Bond Reserve Fund nf $1 as set forth in
affixed thereto their facsimile signatures. That upon the
execution of said bonds and attached cupons, the same shall be
delivered to the Treasurer of said cunt' 410 is hereby authorized
and directed Co deliver said bons and attached coupons to the
purchaser thereof upon receipt of the purchase price therefor.
That as additional security for the prompt payment
of the principal and interest on said bonds there shall be created
7
paragraph 9 le contract,
. That the estimated period of usefulness of the
project for which said br)nds are to he issued is hereby determined
to be in excess of thirty-five years.
9. That the said brInds ad cupmns shall be in
substantially the fnllowing
-40-
FIVE DOLLARS
,
heretc,
UNITED STATES OF AMERICA
OF MICHIGAN
COUNTY OF OAKLAND
Number
$5,000
SOUTHEASTERN OAKLAND COUNTY SEWAGE DIE:PCSAL SYSTEM BONDS
KNOW ALL MEN BY THESE PRESENTS, that the County of Oakland
in the, State of Michigan, hereby acknowledges that it is indebted
and for value received promises to pay to the bearer hereof (or if
this bond be registered, to the registered holder hereof) sum of
on the 1st day of November, AD -- 19, , and to pay interest thereon
at the rate of F
per centum per annum from tUe date hereof until paid, said interest
being payable on May 1, 193 and thera.fter semi-annually on the
first days of nay and N07ember in year. Both principal and
interest are payable in -lat7_ mori4v of the United States of America
at in the
presentation and surrender of this bond and thE, con
attached as they severally mature.
This bond is one of a series of bonds of like date and
tenor except as to date of maturity
numbered consecutively in the direct
order of their maturities from 1 to 1,081, both inclusive, aggregating
the principal sum. of Five Million Four Hundred Five Thousand Dollars
($5,405,000), issued by said County of Oakland under and pursuant to
and in full conformity with the Constitution and statutes of the
State of Michigan (especiali7 Act No. 342 of the Michigan Pblic
Acts of 1939, as amended) for the purpose of defraying a part of
the cost of improving, enlarging and extending the county's sewage
disposal system known as the Southeastern Oakland County Sewage
Disposal System. The bonds of this series are issued in anticipation
of the payment by the following municipalities of the amounts herein-
after indicated (less the sum of $4,822.69) to;v5 -.rd the cost of said
project, pursuant to a contract dated October 1, 1962 between the
county and the municipalities ) to-wit: City of Berkley $260,913.42;
City of Clawson. $186,900.14; City of Ferndale $350,451.44; City of
Hazel Park $265,073.41; City of Huntington Woods $96,993.15; City
Madison Heights $555,290.26; City of Oak Park $451,305,28; City of
Pleasant Ridge $43,409.42; City of Royal Oak $995,06964; Township
of Royal Oak $77,127,60; City of Southfield $277,368.39; City of
Tray $1,828,25897 and Village of Beverly Hills S21,651,57, totaling
of of
-4L-
or after November 1, 1978, 1-yt
or after November 1, 1960, but
or after November 1, 1 932, 1)1 ,,:
or after Novembe lcq4
$5,409,822.69. The full faith and credit of each of said munici-
palities has been pledged to the prompt payment of the fore7oin
amounts and the interest thereon as the same become due.Ac
additional security for the payment of the principal of and interest
on the bonds of this series, the full faith and credit of the county
is hereby pledged for the prompt payment thereof.
to redemption The bonds of this s2riP.,s are not sub
prior to maturity except as
(a) Bonds Nos. 964 thru ",.181 maturing in the years 1991 and 1992
are subject to redamptior. :;J:::-ior to maturity, as a whole or in
part in inverse numerical ore=, at tie of the county,
on any one or more interest 7ay5ent c,ntes on and after
November 1, 1965.
(b) Bonds Nos. 338 thr',1 963 maturing in the years 1979 thru IPO
are subject to redemption prior to maturity, as a whole b ..dt
not in part, at the option of the county, on any one int,ct
payment date on or after November 1, 1978.
Bonds so called for redemption shall be redeemed at the per 7
thereof and accrued interest, plus a premium on each bond
accordance with the following schedule;
$150 if called to be redeemed prior to November 1, 1978
$125 if called to be redeemed on
prior to November 1, 1980
$100 if called to be redeemed on
prior to November 1, 1982
$ 75 if called to be redeemed on
prior to November 1, 1984
$ 50 if called to be redeemed on
prior to November 1, 1987
$ 25 if called to be redeemed on or after November 1, 1987, but
prior to No -amber 1 , 1 990
No premium if called to be redeemed on or after November
Notice of redemption shall be given to the holders of bonds cr.11cd,
to be redeemed, by publication of such notice not less than thirty
(30) days prior to the date fixed for redemption, at least once in
newspaper or publication published in the City of New York, flew York,
thich carries as a part of its reg -d1a7: service, notices of t:TLa sale
of municipal bonds; Provided, that where any bond shall be r2s -:T,stered,
then notice of the redemption thereof shall be given by registered
or certified United States mail addressed to the re7ist2=d
thereof at the address shown on the bond registration books of the
Oakland County Treasurer, which notice shall be mailed not less than
thirty (30) days prior to the date fixed for redemption. Eon:Th so
called for redemption shall not bear interest after e'7 ,2 date fixed
for redemption, provided funds are on hand with the principal payir
agent to redeem the same.
This bond may he registered as to principal only in the
name of the holder on the books of the Oakl and County Treasurer,
By
County -Register of Dec,
and such registration noted on the back hereof by said County
Treasurer, and thereafter no transfer shall be valid unless made
upon the said and la -ewise uud on the back hereof.
Transferability by de1iver7 may be restored by registration to :he
bearer. Negotiability of the interest coupons shall not be
affected by registration.
It is hereby certified, recited and declared that all
acts, conditions ani things required to exist, happen and be
performed precedent to ,,?:nd in the issuance of the bonds of this
series, existed, have hpened and have been performed in due time
form and manner as req.:fireci by law, and that the total indebtedness
of said county, incluang!,z_z series of bonds, does not exceed any
constitutional or statu=7 limitation
IN WITNESS VEIERar, the County of Oakland, Michigan, by
its Board of Superyisorc, nas caused this bond to be signed in its
name by the Chairman of said Board of Supervisors, the County Drain
Commissioner as the agent of the county in respect to said system
and the County CleTT-Re,ster of Deeds, and its corporate seal to
be affixed hereto, ao the attahzd interest coupons to
be executed with the faceimila s44n;,=4t.2res of said officers, all as
of the first day of January, AD
COUNTY OF OXYLAND
Chairman of
County Board of Supervisors
Drai 810
By
er
a —
of
Number
On the first day of A,D, 19 ,
the County of Oakland, Michigan, will pay to the bearer hereof the
sum of Dollars,
in the
, same being the interest due on
that day on its Southeastern Oakland County Sewage Disp-:;,321 System
Bond, '0.o. dated Ji,miary 1, 1963. This caupon is
subject to the redemption provisio7Fs in said bond
lawful money of the United States o lawful money of the United States o
Chairman of
County Board of Supervi
)unt.'y Drain commissioner
County Cler-Register of Deeds
Signature of Oakland
In Wh°.se Name Pt9.g.lat.t.F..aq Dat':';° 701.:12 7 Treasurer
10, There shall be established for the system a
Construction Fund and a Bond and Interest Fund each of which shall
be kept in a separate bank account, From the sale of said bonds
there shall be set aside in said Principal and Interest Fund any
premium and accrued interest received from the purchaser of the
bonds at the time of the delivery of the same and also the amount
of bond interest due on May 1, 1963 and November 1, 1963 less the
amount of any such premium and accrued interest. The remainder
of the proceeds of said bonds shall be set aside in the Construction
Fund for the payment of the cost of the project,. The sum of
$139,633.68 heretofore paid in advance by the City of Birmingham
shall be placed in the Construction Fund, All payments to be made
by the municipalities other thar the City of Birmingham on account
of their contract obligations, after giving effect to said Federal
grant, shall be placed in said Bond and Interest Fund except that
the sum of $4,822.69 from the ,:iroceeds of the first installment
shall be placed in the Construction Fund,
11. That the issnance and sale of said bonds shall be
subject to permission being granted therefor by the Municipal
Finance Commission of the State of Michigan and the County Drain
Commissioner as the agent of the county is hereby - authorized and
directed to make application to said commission for permission Co
issue and sell said bonds as provided by the terms of this
resolution,
12— MElt all resolutions and parts of resolutions in
so far as they may be in conflict herewith are hereby rescinded,
The Chairman decla n adc.
The resolution was seconded. by Mr. Semann
and upon roll call was adopted by the following vote:
Alward, Archambault, Beamer, Beecher, Sloe, Brickner, Calhoun, James Carey,
John Carey, Charteris, Cheyz, Clack, Clarkson, Cooley, Cummings, Davis, Demute,
Dewan, Dickens, Dohany, J. W. Duncan, Wm. Duncan, Durbin, Edward, Edwards,
Ewart, Fouts, Frid, Goodspeed, Hall, Hamlin, Heacock, Hoard, Horton, Huber,
Wallace Hudson, Wm. Hudson, Hulet, Hursfall, Jackson, Johnson, Kephart,
Knowles, Lessiter, Levin, Levinson, Love, MacDonald, Majer, Marshall, McAleer,
McCartney, McGovern, Melchert, Menzies, Mercer, Miller, Mitchell, Noel,
O'Donoghue, Oldenburg, Osgood, Potter, Rehard, Remer, Rhinevault, Semann,
Slavens, Smith, Salley, Tiley, Tinsman, Voll, Webber, Wood, Yockey. (76)
None. (0)
sent
Allerton, Bonner, Forbes, Gabler, Ingraham, Lahti, Moore, Roberts. (8)
published in ac•rdanee with law in The of Royal Oak Trib
which notice sh 1 1 be substantially in the foll New
Mr, Calhoun:, !',7:af=7n of the Drain 7=Ittee, offered
the following resolution whict 1..sd previously Dean approved by
said commttee,
BE IT RESOLVED, that sea: bids for the purchase of
Southeastern Oakland County Sewage Disosal 370tem Botdis to be
dated January 1, l3 be received on a date to be later determined
by the County Drain Commissioner with the approval of the Chairman
of the County Board of Supervisors, and that notice thereof be
a newspaper of gtmeral circulation in the county, and in. The Bond
City Buyer, a financial paper published in New York,
form;
ear unt
OFFICIAL
NOTICE OF SALE
$54C5,000
COUNTY OF OARLND, STA:17E OF MICHIGAN
SOUTHEASTERN OAKLAND COUNTY SEWAGE DISPOSAL SYSTEM BONDS
Sealed bids for the purchase of Southeastern Oakland
County Sewage Disposal System Bonds to be issued by the County of
Oakland, Michigan, of the par value of $5,405,000 will be received
by the undersigned at the office of the Corporation Counsel on the
4th Floor of t e Oakland County Office Building, No 1 Lafayette
Street, in the City of Pontiac, Michigan, until _ _ o'clock
.M., Eastern Standard Time, on the
day of , 196 , which bids will be presented to
the County Loard of Supervisors immediately thereafter where they
will be opened and read.
Said bonds will be dated jar:uary 1, 1963, will be coupon
bonds (registrable as principal only) in the denomination of
$5,000 each, will be uumbered consecutively in the direct order of
their maturities from I to 1081, both inclusive, and will bear
interest from their date. at a rate or rates not exceeding 5% per
annum payable on May 1, 1963, and thereafter semi-annually on May 1
and November 1 of each year Each bid shall state the annual
interest rate or rates upon which it is submitted, expressed in
multiples of 1/3 of 1%, The interest for each coupon period on
any one bond shall be at one rate only and shall be evidenced by
one coupon only. Accrued interest to data of delivery of such
bonds must be paid by the purchaser at the time of delivery.
Said bonds will mature serially- on the 1st day of Nova
in each year as follows:
Year Amount
1963 $ 3=5,00',:; 1973 $1:i
1964 55,UO 1974 155
1965 65,000 1975 165,000
1966 75,000 1976 17C:,000
1967 90,rQ0 1977 180
1968 100,0-00 1978 1SC
1969 110,0.0 1979 195 ,000
1970 12000 205,CCT
1971 130.000 1901 210,0 2,0
1972 140,007 1922 290,00
Year Amount
19P,3 $230,000
19a4 235,000
1?85 245,000
250,000
1987 260,000
19E03 270,000
1989 275,000
1990 285,000
1S91 290,000
1992 300,000
The said bonds will not be subject to redemption prior to
maturity except as follows:
-48-
1992
the
after
thru 1081 maturing in the 159
Lo redemption prior to f7,,zrity,
,art in Itise JaLazTical order, a the option c0
me or mo:o interest 7777.a.nt dates on an
(a) Bonds Aos,
will
or in
county, on
November 1,
(b) Bonds Nos, 383 thru 963 maturing in the years 1979 thru 1990
will he sbjet to rdemtion prior to maturity, s a whole
but not in part, at the c=on of the county, on '.77.7 one
interest payment date- on or after November 1, 1972.
Bonds so call3d for reemption ..'h•11 be redeemed at the par value
thereof and accrued irzrest, plus a premium on each bond in
accordance with the fol.orinE, schedule:
$150 if called to be reefoz ,Ei. prior to November I, 1978
$125 if called to be 7.,2demed on or after Novo.00r 1, 1978, but
prior to Novembet• 1 1.9F
$100 if called to be r..i..drerj on or after ..fcveK-,er. 1, 1990, but
prior to Novenber I, 19N
$ 75 if called to be redeeed on or after frrvember I, 373, but
prior to November 1, 1W4
$ 50 if called to be redeemed on or after Nember 1, 1984, but
ior to Nc'vembe77 1. 9 12:77
$ 2: if callFd
rior to
No premium if
a iedee;7..d on or after November 1, 1987, but
7,a7.0er 1, 19'
d to be redeemed on or after ':S.low.mber 1, 1990
Wj days
in a news-
k, New York,
Notice of redempt shall be p.2Dlished not less than
prior to the date fi -,zed for redumption, at least once.
iArculatc in the City of New Yo
part of itE regular service, notices of the
bends or if the bonds be registered, then notice
;ister.1 or certified mail to the registered
prior to the date fixed frrr redemption.
Both principal and inrest will be payale at such bank or trust
company as s'r:aIl be. designated by the original purchaser of the bonds,
who may also designatk-, not to exceed two co-paying agents, which
paying agents must qualify as s -.3:'h under the statutes of the State
of "1.:!higan or of the Federal G:.:,vernment.
Th said boo6L; are to be issued in anticipation of •
the payment the iF.11owing municipalities of the amounts herein-
after indite (loss the Sum OF $4,322,69) toward the cost of said
project, pi:zcuLnt to a contract dated•tober 1, 1962 between the
county :.FEr. che municipalities, to-wit: City of Barkley $260,913.42;
City cf $186,900.14; City of Ferndale $350,451,44; City of
Hazel $265,073.41; City of Huntington Woods $96,993.15; City
of Madiso .:L -L7Tei:4hts $555,290.26; City of Oak Park .305.28; City
of Pleasant -Rijge $43,409.42; City of Royal Oz.. $9:).5,0,69.6.4;
Township of Ro7a1 Oak $77,127,60; City of Southfielf. .277,368.39;
City of Troy
paper or publi:
which carrie e
sale of muni
shall be set::
holders, at 2
92:3,2Sc:),07 and Village of Beverly Hills $21,661.57,
totaling $f,,c3.22.69. The full faith and credit of each of said
municipallies has been pledged to the prompt -pym'.:int of the fore-
going amou:aL6 and the interest thereon as the emo become due. As
Dated: L9.62
additional security for ithepo7n ,.nt of the principal of and interest
on the salc2 'ncts, the full and credit of the county is
pledged fo -;- T1h. prompt payment er.of.
For the purpose of awarding the bonds, the interest cost
of each bid will be computed by determining, at the rate or rates
specified therein, the total dollar value
bonds from
all interest on the
(here insert
the first day of the month nez.t following the date of receiving bids
or the date of the bonds, whichever is later) to their respective
maturities and deducting therefrom any premiugi. Mt, bonds will be
awarded to the bidder whose hid on the above computation produces
the ic i est interest cost to the county. No proposal for the
purchase.. of -1.s.5 than all of the bonds or at a price less than their
par value, will be consit2re,
A certified or cah 4 erH n tho plmount of $108400.
drawn upon an incorporated ban corroar.4- lad payable to the
acder of the Treasurer of the ai=t:y Claan .J. 1:,Tt accompany each
bid as a guarantee of good faith es part of the bidder, to be
forfeited as liguidat2r.1 dame. ouch b -Ld be acepted and the
bidder fails to take and Day for the bonds. No interest shall
be allowed on the good LE.ith and checks of the unsuccessful
bidders will be promptly returned to each bidder's representative
or by registered mail.
Bids shall be. conditioned upon the u -rcualificd opinion of
Dickinson, Wtight, :ioKean & Cuditp (Claude H. e.ns of Counsel),
attorneys, Detroit, hichigan, approving thele';741ity of the bonds.
The cost of said legal opinion and of the printing of the bonds will
be paid by the county. Thre will also be furnished at the time
of th:e delivery of the bcn:be. th:a usual closig papers including a
non-litigation certiftc, dated as of the date of such delivery.
Bonds will be del5ver,:,d atN ,7:w York, N.Y., or Chicago, Ili,
The ':;4 01t is reserved to rPlact any or all bids,
IT:nvelot,es containinc,; the bids should be plainly marked
'proposal for Southeastern Oakland County Sewage Disposal System
Bonds,'
County. Drain Corned. loner
550 So, Telegraph Road
Pontiac, Michigan
19(72 APPROVED:
STATE OF MICHTG-A:.;,::
MDNICIPAL FI -1NCE COMMISSION
BE IT Fraa.R. R7FOLV that the C,:-•Gty Drain Commissioner
The motion was seconded by Mr. and Semann
be and he is hereby authorizet: i directed to forward the fore-
goind notice of sale to the Mnicipel Finance Commission for its
approval.
adopted by the following vote:
Ayes - Alward, Archambault, Beamer, Beecher, BIoe, Brickner, Calhoun, James Carey,
John Carey, Charteris, Cheyz, Clack, Clarkson, Cooley, Cummings, Davis, Demute, Dewan,
Dickens, Dohany, J. W. Duncan, Wm. Duncan, Durbin, Edward, Edwards, Ewart, Fouts,
Frid, Goodspeed, Hall, Hamlin, Heacock, Hoard, Horton, Huber, Wallace Hudson,
Wm. Hudson, Hulet, Hursfall, Jackson, Johnson, Kephart, Knowles, Lessiter, Levin,
Levinson, Love, MacDonald, Majer, Marshall, McAleer, McCartney, McGovern, Melchert,
Menzies, Mercer, Miller, Mitchell, Noel, 0r Donoghue, Oldenburg, Osgood, Potter,
Renard, Remer, Rhinevault, Semann, Slavens, Smith, Solley, Tinsman, Vol], Webber,
Wood, Yockey. (76)
Nays - None. (0)
Absent - Allerton, Bonner, Forbes, Gabler, Ingraham, Lahti, Moore, Roberts. (8)
irman declared the resolution adopted.
-51-
STATE OF MICHIGAN)
)S$-
COUNTY OF OAKLAND)
I, the undersigned, the County Clerk of the County of Oakland,
do hereby certify that the foregoing is a true and complete -copy of
the proceedings pertaining to Southeastern Oakland County Sewage Disposal
System, duly adopted and taken by the Board of Supervisors of said County
at a regular meeting held November 7, 1962, the originals of which are on
file in my office.
County Clerk, eak
.„