HomeMy WebLinkAboutResolutions - 2012.08.01 - 20453Miscellaneous Resolution #12193 August 1,2012
BY: FINANCE COMMITTEE, TOM MIDDLETON, CI-IAIRPERSON
IN RE: TREASURER / WATER RESOURCES COMMISSIONER - RESOLUTION
TO AUTHORIZE OAKLAND COUNTY ROCHESTER HILLS WATER SUPPLY AND
SEWAGE DISPOSAL SYSTEM REFUNDING BONDS, SERIES 2012
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS, pursuant to the provisions of Act No. 342, Public Acts of Michigan, 1939,
as amended ("Act 342"), the County of Oakland (the "County") has issued its Oakland County
Rochester Hills Water Supply and Sewage Disposal System Bonds, Series 2005, dated
December 1, 2005 (the "Prior Bonds"), in the original principal amount of $3,800,000. The Prior
Bonds were issued to defray the part of the cost of acquiring and constructing water supply and
sewage disposal facilities pursuant to the Oakland County Water Supply and Sewage Disposal
Systems for Rochester Hills — Extension No, 5A Project Contract, dated May 1, 2005, between
the City of Rochester Hills (the "Municipality") and the County (said contract hereinafter
referred to as the "Contract"); and
WHEREAS, the Prior Bonds remain outstanding in the aggregate principal amount of
$1,950,000, mature in various principal amounts on April 1 in the years 2013 through 2022 and
bear interest at rates per annum that vary from 4.00% to 4.40%; and
WHEREAS, Act No. 34, Public Acts of Michigan, 2001, as amended ("Act 34")
authorizes the County to refund all or any part of the outstanding Prior Bonds: and
WHEREAS, the County received a request from the Municipality to refund all or part of
the outstanding Prior Bonds; and
WHEREAS, it is in the best interests of the County and the Municipality that the Prior
Bonds be refunded.
NOW, THEREFORE, BE IT RESOLVED:
1. AUTHORIZATION OF BONDS — PURPOSE. Bonds of the County (the
"Refunding Bonds") aggregating the principal sum of not to exceed Two Million One Hundred
Fifty Thousand Dollars ($2,150,000) shall be issued and sold pursuant to the provisions of Act
34, and other applicable statutory provisions, for the purpose of refunding all or part of the
outstanding Prior Bonds.
2. BOND DETAILS. The Refunding Bonds shall be designated Oakland County
Rochester Hills Water Supply and Sewage Disposal System Refunding Bonds, Series 2012; shall
be in the principal amount and shall be dated as of such date as shall be determined by the
Oakland County Water Resources Commissioner, as County Agency under Act 342, at the time
of sale; shall be numbered from 1 upwards; shall be fully registered; shall be in the denomination
of $5,000 each or any integral multiple thereof not exceeding the aggregate principal amount for
each maturity at the option of the purchaser thereof; shall bear interest at a rate or rates not
exceeding 5% per annum to be determined upon the sale thereof payable on such dates as shall
be determined at the time of sale; and shall mature on such dates and in such amounts as shall be
determined at the time of sale.
3. PAYMENT OF PRINCIPAL AND INTEREST. The principal of and interest on the
Refunding Bonds shall be payable in lawful money of the United States. Principal shall be
FINANCE COMMITTEE
Motion carried unanimously on a roll call vote with Long, Runestad and
Quarles absent.
payable upon presentation and surrender of the bonds to the bond registrar and paying agent as
they severally mature. Interest shall be paid to the registered owner of each bond as shown on
the registration books at the close of business on the fifteenth day of the calendar month
preceding the month in which the interest payment is due. Interest shall be paid when due by
check or draft drawn upon and mailed by the bond registrar and paying agent to the registered
owner at the registered address.
4. BOOK-ENTRY SYSTEM. Initially, one fully-registered bond for each maturity,
in the aggregate amount of such maturity, shall be issued in the name of Cede 8z, Co., as nominee
of The Depository Trust Company ("DTC") for the benefit of other parties (the "Participants") in
the book-entry-only transfer system of DTC. In the event the County determines that it is in the
best interest of the County not to continue the book-entry system of transfer or that the interests
of the holders of the Refunding Bonds might be adversely affected if the book-entry system of
transfer is continued, the County may notify DTC and the bond registrar and paying agent,
whereupon DTC will notify the Participants of the availability through DTC of bond certificates.
In such event, the bond registrar and paying agent shall deliver, transfer and exchange bond
certificates as requested by DTC and any Participant or "beneficial owner" in appropriate
amounts in accordance with this Resolution. DTC may determine to discontinue providing its
services with respect to the Refunding Bonds at any time by giving notice to the County and the
bond registrar and paying agent and discharging its responsibilities with respect thereto under
applicable law or the County may determine that DTC is incapable of discharging its duties and
may so advise DTC. In either such event, the County shall use reasonable efforts to locate
another securities depository. Under such circumstances (if there is no successor securities
depository), the County and the bond registrar and paying agent shall be obligated to deliver
bond certificates in accordance with the procedures established by this Resolution. In the event
bond certificates are issued, the provisions of this Resolution shall apply to, among other things,
the transfer and exchange of such certificates and the method of payment of principal of and
interest on such certificates. Whenever DTC requests the County and the bond registrar and
paying agent to do so, the County and the bond registrar and paying agent shall cooperate with
DTC in taking appropriate action after reasonable notice to make available one or more separate
certificates evidencing the Refunding Bonds to any Participant having Refunding Bonds certified
to its DTC account or to arrange for another securities depository to maintain custody of
certificates evidencing the Refunding Bonds.
Notwithstanding any other provision of this Resolution to the contrary, so long as any
Refunding Bond is registered in the name of Cede 8,L Co., as nominee of DTC, all payments with
respect to the principal of, interest on and redemption premium, if any, on such Refunding Bonds
and all notices with respect to the Refunding Bonds shall be made and given, respectively, to
DTC as provided in the Blanket Issuer Letter of Representations between the County and DTC.
The County Agency or the County Treasurer is authorized to sign the Letter of Representations
on behalf of the County, in such form as the County Agency or the County Treasurer deems
necessary or appropriate, in order to accomplish the issuance of the Refunding Bonds in
accordance with law and this Resolution.
Notwithstanding any provision of this section to the contrary, if the County Treasurer
deems it to be in the best interest of the County, the Refunding Bonds shall not initially be issued
through the book-entry-only transfer system of DTC.
5. PRIOR REDEMPTION. The Refunding Bonds shall not be subject to redemption
prior to maturity.
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6. BOND REGISTRAR AND PAYING AGENT. The County Treasurer shall
designate and enter into an agreement with a bond registrar and paying agent for the Refunding
Bonds that shall be a bank or trust company located in the State of Michigan that is qualified to
act in such capacity under the laws of the United States of America or the State of Michigan.
The Treasurer may from time to time as required designate a similarly qualified successor bond
registrar and paying agent.
7. EXECUTION, AUTHENTICATION AND DELIVERY OF REFUNDING
BONDS. The Refunding Bonds shall be executed in the name of the County by the facsimile
signatures of the Chairperson of the Board of Commissioners and the County Clerk and
authenticated by the manual signature of an authorized representative of the bond registrar and
paying agent, and the seal of the County (or a facsimile thereof) shall be impressed or imprinted
on the Refunding Bonds. After the Refunding Bonds have been executed and authenticated, they
shall be delivered by the County Treasurer to the purchaser upon receipt of the purchase price.
Additional Refunding Bonds bearing the facsimile signatures of the Chairperson of the Board of
Commissioners and the County Clerk and upon which the seal of the County (or a facsimile
thereof) is impressed or imprinted may be delivered to the bond registrar and paying agent for
authentication and delivery in connection with the exchange or transfer of the Refunding Bonds.
The bond registrar and paying agent shall indicate on each Refunding Bond the date of its
authentication.
8. EXCHANGE AND TRANSFER OF REFUNDING BONDS. Any Refunding
Bond, upon surrender thereof to the bond registrar and paying agent with a written instrument of
transfer satisfactory to the bond registrar and paying agent duly executed by the registered owner
or his duly authorized attorney, at the option of the registered owner thereof, may be exchanged
for Refunding Bonds of any other authorized denominations of the same aggregate principal
amount and maturity date and bearing the same rate of interest as the surrendered Refunding
Bond.
Each Refunding Bond shall be transferable only upon the books of the County, which
shall be kept for that purpose by the bond registrar and paying agent, upon surrender of such
Refunding Bond together with a written instrument of transfer satisfactory to the bond registrar
and paying agent duly executed by the registered owner or his duly authorized attorney.
Upon the exchange or transfer of any Refunding Bond, the bond registrar and paying
agent on behalf of the County shall cancel the surrendered Refunding Bond and shall
authenticate and deliver to the transferee a new Refunding Bond or Bonds of any authorized
denomination of the same aggregate principal amount and maturity date and bearing the same
rate of interest as the surrendered Refunding Bond. If, at the time the bond registrar and paying
agent authenticates and delivers a new Refunding Bond pursuant to this section, payment of
interest on the Refunding Bonds is in default, the bond registrar and paying agent shall endorse
upon the new Refunding Bond the following: "Payment of interest on this bond is in default.
The last date to which interest has been paid is
The County and the bond registrar and paying agent may deem and treat the person in
whose name any Refunding Bond shall be registered upon the books of the County as the
absolute owner of such Refunding Bond, whether such Refunding Bond shall be overdue or not,
for the purpose of receiving payment of the principal of and interest on such Refunding Bond
and for all other purposes, and all payments made to any such registered owner, or upon his
order, in accordance with the provisions of Section 3 of this Resolution shall be valid and
effectual to satisfy and discharge the liability upon such Refunding Bond to the extent of the sum
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or sums so paid, and neither the County nor the bond registrar and paying agent shall be affected
by any notice to the contrary, The County agrees to indemnify and save the bond registrar and
paying agent harmless from and against any and all loss, cost, charge, expense, judgment or
liability incurred by it, acting in good faith and without negligence hereunder, in so treating such
registered owner.
For every exchange or transfer of Refunding Bonds, the County or the bond registrar and
paying agent may make a charge sufficient to reimburse it for any tax, fee or other governmental
charge required to be paid with respect to such exchange or transfer, which sum or sums shall be
paid by the person requesting such exchange or transfer as a condition precedent to the exercise
of the privilege of making such exchange or transfer.
The bond registrar and paying agent shall not be required to transfer or exchange
Refunding Bonds or portions of Refunding Bonds that have been selected for redemption.
9. FORM OF REFUNDING BONDS. The Refunding Bonds shall be in
substantially the following form:
UNITED STATES OF AMERICA
STATE OF MICHIGAN
COUNTY OF OAKLAND
OAKLAND COUNTY ROCHESTER HILLS WATER SUPPLY
AND SEWAGE DISPOSAL SYSTEM REFUNDING BOND, SERIES 2012
INTEREST RATE MATURITY DATE DATE OF ORIGINAL ISSUE CUSIP
Registered Owner:
Principal Amount:
The County of Oakland, State of Michigan (the "County"), acknowledges itself indebted
to, and for value received, hereby promises to pay to the Registered Owner identified above, or
registered assigns, the Principal Amount set forth above on the Maturity Date specified above,
unless redeemed prior thereto as hereinafter provided, upon presentation and surrender of this
bond at
the bond registrar and paying agent, or at such successor bond registrar and paying agent as may
be designated pursuant to the Resolution, and to pay to the Registered Owner as shown on the
registration books at the close of business on the 15 th day or the calendar month preceding the
month in which an interest payment is due, by cheek or draft drawn upon and mailed by the bond
registrar and paying agent by first class mail postage prepaid to the Registered Owner at the
registered address, interest on such Principal Amount from , or such later date
through which interest has been paid until the County's obligation with respect to the payment of
such Principal Amount is discharged, at the rate per annum specified above. Interest is payable
on the first day of and in each year, commencing on 1,
. Principal and interest are payable in lawful money of the United States of America.
This bond is one of a series of bonds aggregating the principal sum of
Thousand Dollars ($ ) issued by the County under and
pursuant to and in full conformity with the Constitution and Statutes of Michigan (especially Act
No. 34, Public Acts of 2001, as amended) and a resolution adopted by the Board of
Commissioners of the County (the "Resolution") and an order of the Water Resources
Commissioner of the County as County Agency for the purpose of refunding the outstanding
Oakland County Rochester Hills Water Supply and Sewage Disposal System Bonds, Series
2005, dated December 1, 2005, maturing in the years through . The bonds of this
series are issued in anticipation of, and the principal of and interest on the bonds are payable
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from, moneys to be received by the County from the City of Rochester Hills (the "Municipality")
in payment of its obligations under a certain contract dated as of May 1, 2005, between the
Municipality and the County. The full faith and credit of the Municipality have been pledged
for the making of such payments. As 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 have been pledged.
Taxes imposed by the Municipality and the County are subject to constitutional, statutory and
charter tax rate limitations.
This bond is transferable, as provided in the Resolution, only upon the books of the
County kept for that purpose by the bond registrar and paying agent, upon the surrender of this
bond together with a written instrument of transfer satisfactory to the bond registrar and paying
agent duly executed by the registered owner or his attorney duly authorized in writing. Upon the
exchange or transfer of this bond a new bond or bonds of any authorized denomination, in the
same aggregate principal amount and of the same interest rate and maturity, shall be
authenticated and delivered to the transferee in exchange therefor as provided in the Resolution,
and upon payment of the charges, if any, therein provided. Bonds so authenticated and delivered
shall be in the denomination of $5,000 or any integral multiple thereof not exceeding the
aggregate principal amount for each maturity.
This bond is not subject to redemption prior to maturity.
It is hereby certified, recited and declared that all acts, conditions and things required to
exist, happen and be performed precedent to and in the issuance of the bonds of this series,
existed, have happened and have been performed in due time, form and manner as required by
law, and that the total indebtedness of the County, including the series of bonds of which this
bond is one, does not exceed any constitutional or statutory limitation.
IN WITNESS WHEREOF, the County of Oakland, State of Michigan, by its Board of
Commissioners, has caused this bond to be executed in its name by facsimile signatures of the
Chairperson of the Board of Commissioners and the County Clerk and its corporate seal (or a
facsimile thereof) to be impressed or imprinted hereon. This bond shall not be valid unless the
Certificate of Authentication has been manually executed by an authorized representative of the
bond registrar and paying agent.
COUNTY OF OAKLAND
By:
Chairperson, Board of Commissioners
[SEAL]
And:
County Clerk
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CERTIFICATE OF AUTHENTICATION
This bond is one of the bonds described in the within mentioned Resolution.
Bond Registrar and Paying Agent
By:
Authorized Representative
AUTHENTICATION DATE:
ASSIGNMENT
For value received, the undersigned hereby sells, assigns and transfers unto
(please print or type name, address and taxpayer identification number of transferee) the within
bond and all rights thereunder and hereby irrevocably constitutes and appoints
attorney to transfer the within bond on the books kept for registration thereof, with full power of
substitution in the premises.
Dated:
Signature Guaranteed:
Signature(s) must be guaranteed by an eligible guarantor institution participating in a
Securities Transfer Association recognized signature guarantee program.
[END OF BOND FORM]
10. SECURITY The Refunding Bonds shall be issued in anticipation of the payments
to be made by the Municipality pursuant to the Contract. As additional security the full faith and
credit of the County of Oakland are hereby pledged for the prompt payment of the principal of
and interest on the Refunding Bonds as the same shall become due. If the Municipality shall fail
to make payments to the County that are sufficient to pay the principal of and interest on the
Refunding Bonds as the same shall become due, then an amount sufficient to pay the deficiency
shall be advanced from the general fund of the County.
11, DEFEASANCE. In the event cash or direct obligations of the United States or
obligations the principal of and interest on which arc guaranteed by the United States, or a
combination thereof, the principal of and interest on which, without reinvestment, come due at
times and in amounts sufficient to pay, at maturity or irrevocable call for earlier optional
redemption, the principal of, premium if any, and interest on the Refunding Bonds or any portion
of the Refunding Bonds, shall have been deposited in trust, this Resolution shall be defeased
with respect to such Refunding Bonds and the owners of the Refunding Bonds shall have no
further rights under this Resolution except to receive payment of the principal of, premium if
any, and interest on the Refunding Bonds from the cash or securities deposited in trust and the
interest and gains thereon and to transfer and exchange Refunding Bonds as provided herein.
12. PRINCIPAL AND INTEREST FUND. There shall be established for the
Refunding Bonds a Principal and Interest Fund that shall be kept in a separate bank account.
From the proceeds of the sale of the Refunding Bonds there shall be set aside in the Principal and
Interest Fund any accrued interest received from the purchaser of the Refunding Bonds at the
time of delivery of the same; provided, however, that the County Agency may determine that all
or any portion of any premium received from the purchaser of the It efunding Bonds received at
the time of such delivery also may be set aside in the Principal and Interest Fund. All payments
received from the Municipality pursuant to the Contract are pledged for the payment of the
principal of and interest on the Prior Bonds that are not refunded and the Refunding Bonds and
expenses incidental thereto and as received shall be placed in the Principal and Interest Fund or
the principal and interest funds for the Prior Bonds as appropriate. The County Agency shall
transfer moneys in the Principal and Interest Fund to the bond registrar and paying agent for the
Prior Bonds and the bond registrar and paying agent for the Refunding Bonds as necessary for
the payment of the principal of and interest on the Prior Bonds that are not refunded and the
Refunding Bonds.
13. PAYMENT OF ISSUANCE EXPENSES AND PRIOR BONDS THAT ARE
REFUNDED - ESCROW FUND. The remainder of the proceeds of the Refunding Bonds shall
be used to pay the issuance expenses of the Refunding Bonds and to pay the principal of, interest
on and redemption premiums on the Prior Bonds that are refunded. If necessary, after the
issuance expenses have been paid or provided for, the remaining proceeds shall be used to
establish an escrow fund (the "Escrow Fund") consisting of cash and investments in direct
obligations of, or obligations the principal of and interest on which are unconditionally
guaranteed by, the United States of America or other obligations the principal of and interest on
which are fully secured by the foregoing and used to pay the principal of, interest on and
redemption premiums on the Prior Bonds that are refunded. The Escrow Fund shall be held by
an escrow agent (the "Escrow Agent") in trust pursuant to an escrow agreement (the "Escrow
Agreement") that irrevocably shall direct the Escrow Agent to take all necessary steps to pay the
interest on the Prior Bonds that are refunded when due and to call such Prior Bonds for
redemption at such time as shall be determined in the Escrow Agreement. The County Treasurer
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shall select the Escrow Agent and enter into the Escrow Agreement with the Escrow Agent on
behalf of the County. The amounts held in the Escrow Fund shall be such that the cash and the
investments and the income received thereon will be sufficient without reinvestment to pay the
principal of, interest on and redemption premiums on thc Prior Bonds that are refunded when due
at maturity or call for redemption as required by the Escrow Agreement.
14. APPROVAL OF DEPARTMENT OF TREASURY. The issuance and sale of the
Refunding Bonds shall be subject to permission being granted therefor by the Department of
Treasury of the State of Michigan under Act 34; and the County Treasurer or the County Agency
shall, if necessary, make application to the Department of Treasury for permission to issue and
sell the Refunding Bonds as provided by the terms of this Resolution.
15. SALE, ISSUANCE, DELIVERY, TRANSFER AND EXCHANGE OF
REFUNDING BONDS. The County Agency shall determine the principal amount of the
Refunding Bonds to be sold and shall determine the other bond details as described in Section 2
hereof and any premium to be set aside in the Principal and Interest Fund as described in
Section 12 hereof. In addition, in order to save the cost of publication of an Official Notice of
Sale, the County hereby determines that it will sell the Refunding Bonds at a negotiated sale after
solicitation of proposals from prospective purchasers by its financial consultant, Municipal
Financial Consultants Incorporated. The County's financial consultant is authorized to solicit
proposals from at least twenty-five prospective purchasers and to circulate a Request for
Proposal at least seven days prior to the date fixed for receipt of proposals for the purchase of the
Refunding Bonds. The Request for Proposal shall be in substantially the form approved by the
County Agency at the time of sale with such changes therein as are not inconsistent with this
Resolution. The financial consultant is hereby designated to act for and on behalf of the County
to receive proposals for the purchase of the Refunding Bonds and to take all other steps
necessary in connection with the sale and delivery thereof The County Agency is hereby
authorized to determine the low proposer on the Refunding Bonds and to award the Refunding
Bonds to such low proposer. The County Agency, the County Treasurer, the County Clerk and
other County officials and employees are hereby authorized to do all other things necessary to
effectuate the sale, issuance, delivery, transfer and exchange of the Refunding Bonds in
accordance with the provisions of this Resolution.
16. REPLACEMENT OF REFUNDING BONDS. Upon receipt by the County
Treasurer of proof of ownership of an unmatured Refunding Bond, of satisfactory evidence that
the Refunding Bond has been lost, apparently destroyed or wrongfully taken and of security or
indemnity that complies with applicable law and is satisfactory to the Treasurer, the Treasurer
may authorize the bond registrar and paying agent to deliver a new executed Refunding Bond to
replace the bond lost, apparently destroyed or wrongfully taken in compliance with applicable
law. In the event an outstanding matured Refunding Bond is lost, apparently destroyed or
wrongfully taken, the Treasurer may authorize the bond registrar and paying agent to pay the
Refunding Bond without presentation upon the receipt of the same documentation required for
the delivery of a replacement Refunding Bond. The bond registrar and paying agent, for each
new Refunding Bond delivered or paid without presentation as provided above, shall require the
payment of expenses, including counsel fees, that may be incurred by the bond registrar and
paying agent and the County in the premises. Any Refunding Bond delivered pursuant the
provisions of this Section 16 in lieu of any Refunding Bond lost, apparently destroyed or
wrongfully taken shall be of the same form and tenor and be secured in the same manner as the
Refunding Bond in substitution for which such Refunding Bond was delivered.
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17. TAX COVENANT, The County covenants to comply with all requirements of
the Internal Revenue Code ol° 1986, as amended, necessary to assure that the interest on the
Refunding Bonds will be and will remain excludable from gross income for federal income tax
purposes. The County Agency, the County Treasurer, the County Clerk and other County
officials and employees are authorized to do all things necessary to assure that the interest on the
Refunding Bonds will be and will remain excludable from gross income for federal income tax
purposes.
18. NOT QUALIFIED TAX-EXEMPT OBLIGATIONS. The Refunding Bonds are
not designated as Qualified Tax-Exempt Obligations as described in Section 265(b)(3)(B) of the
Internal Revenue Code of 1986, as amended.
19. OFFICIAL STATEMENT. The County shall cause the preparation of an official
statement for the Refunding Bonds for the purpose of enabling compliance with Rule 15c2-12
issued under the Securities Exchange Act of 1934, as amended (the "Rule") and shall do all other
things necessary to enable compliance with the Rule. After the award of the Refunding Bonds,
the County will provide copies of a "final official statement" (as defined in paragraph (e)(3) of
the Rule) on a timely basis and in reasonable quantity as requested by the successful bidder or
bidders to enable such bidder or bidders to comply with paragraph (b)(4) of the Rule and the
rules of the Municipal Securities Rulemaking Board.
20. CONTINUING DISCLOSURE, The County Treasurer and the County Agency
are each severally authorized to execute and deliver in the name and on behalf of the County (i) a
certificate of the County to comply with the requirements for a continuing disclosure undertaking
of the County pursuant to subsection (b)(5) of the Rule and (ii) amendments to such certificate
from time to time in accordance with the terms of such certificate (the certificate and any
amendments thereto are collectively referred to herein as the "'Continuing Disclosure
Certificate"). The County hereby covenants and agrees that it will comply with and carry out all
of the provisions of the Continuing Disclosure Certificate. The remedies for any failure of the
County to comply with and carry out the provisions of the Continuing Disclosure Certificate
shall be as set forth therein.
21. CONFLICTING RESOLUTIONS. Al] resolutions and parts of resolutions
insofar as they may be in conflict herewith are hereby rescinded.
Mr. Chairperson, on behalf of the Finance Committee, I move adoption of the foregoing
resolution.
FINANCE COMMITTEE
Resolution #12193 August 1,2012
Moved by Weipert supported by McGillivray the resolutions (with fiscal notes attached) on the amended
Consent Agenda be adopted (with accompanying reports being accepted).
AYES: Covey, Crawford, Dwyer, Gershenson, Gingell, Gosselin, Hatchett, Hoffman, Jackson,
Long, Matis, McGillivray, Middleton, Nash, Nuccio, Potts, River, Runestad, Scott, Taub, Weipert,
Woodward, Zack, Bosnic. (24)
NAYS: None. (0)
A sufficient majority having voted in favor, the resolutions (with fiscal notes attached) on the amended
Consent Agenda were adopted (with accompanying reports being accepted).
I HEREBY APPROVE THIS RESOLU
CHIEF DEPUTY COUNTY EXECUTIVE
ACTING PURSUANT TO MCL 45.559A (7)
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Bill Bullard Jr., Clerk of the County of Oakland, do hereby certify that the foregoing resolution is a true
and accurate copy of a resolution adopted by the Oakland County Board of Commissioners on August 1,
2012, with the original record thereof now remaining in my office.
In Testimony Whereof, I have hereunto set my hand and affixed the seal of the County of Oakland at
Pontiac. Michigan this 1 st day of August, 2012.
EL2(2_
Bill Bullard Jr., Oakland County