HomeMy WebLinkAboutResolutions - 2013.03.06 - 20709MISCELLANEOUS RESOLUTION #13031 March 6, 2013
BY: Finance Committee, Thomas Middleton, Chairperson
IN RE: RESOLUTION TO AUTHORIZE REFUNDING OF THE OAKLAND COUNTY
BUILDING AUTHORITY $8,160,000 BUILDING AUTHORITY
REFUNDING BONDS, SERIES 2006
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Chairperson, Ladies and Gentlemen:
WHEREAS, pursuant to the provisions of Act No. 31, Public
Acts of Michigan, 1948, 1 st Extra Session, as amended ("Act 31"),
the County of Oakland (the "County")at the request of the City of
Pontiac (the "City") caused the Oakland County Building Authority
(the "County Building Authority") to enter into a contract (the
"Lease Contract") with the County under which, the County
Building Authority caused the refunding of the City of Pontiac
General Building Authority Bonds, Series 2002 (the "City Building
Authority Bonds") pursuant to which, the Oakland County Building
Authority Refunding Bonds, Series 2006 dated March 1, 2006 (the
"Prior Bonds") were issued in the original principal amount of
$8,160,000 to defray the cost of refunding the City Building
Authority Bonds which Prior Bonds remain outstanding as listed in
APPENDIX A; and
WHEREAS, in order to secure the Prior Bonds, the County and
the County Building Authority entered into a lease contract (the
"2006 Lease Contract") made as of December 1, 2005 under which,
the County Building Authority issued both the Prior Bonds and the
Oakland County Building Authority Bonds, Series 2006A (the "2006A
Bonds"); and
WHEREAS, On August 23, 2012, the City of Pontiac caused the
2006A Bonds to be defeased by depositing sufficient funds in an
escrow to call all of the 2006A Bonds when callable on June 1,
2013, leaving only the Prior Bonds outstanding; and
WHEREAS, the Prior Bonds remain outstanding in the aggregate
principal amount of $8,160,000 maturing in various principal
amounts on June 1 in the years 2014 through 2027 and bear
interest at rates of 3.80% to 5.00%; and
WHEREAS, the County and the Emergency Financial Manager of
the City have been advised that conditions in the bond market
have now improved from the conditions which prevailed at the time
the Prior Bonds were sold and that the Prior Bonds could be
refunded at a considerable savings to the City; and
WHEREAS, the Emergency Financial Manager of the City has
requested the County to cause refunding bonds to be issued by the
County Building Authority by a letter which is attached hereto as
APPENDIX B; and
FINANCE COMMITTEE VOTE:
Motion carried unanimously on a roll call vote.
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FINANCE CONWETTEE
WHEREAS, the County has determined that a significant cost
savings can be achieved by refunding outstanding Bonds in whole
or in part; and
WHEREAS, after the sale of the refunding bonds, the City and
the County must enter into an Amended Sublease, a copy of which
is attached hereto as APPENDIX C; and
WHEREAS, in order to provide for the Refunding Bonds and to
comply with federal securities regulations, it is necessary to
approve an amendment to the Lease Contract between the County and
the Authority (the "Amendment to Lease Contract") attached as
Appendix D in order to approve the undertaking to provide
continuing disclosure.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF THE COUNTY OF OAKLAND as follows:
1. The County Building Authority is authorized to proceed
to refund any or all of the Prior Bonds described in Appendix B
in whole or in part, on such terms and conditions as will result
in a lower total indebtedness on such issue.
2. The Amended Sublease attached hereto as APPENDIX C is
hereby approved.
3. The Amendment to Lease Contract attached hereto as
Appendix D is hereby approved.
4. The County Officials set forth on the Amended Sublease
and the Amendment to Lease Contract are authorized to execute and
deliver the Amendment to Lease Contract on behalf of the County.
;. After any refunding bonds areissued, the Authority
shall report to the County on the new debt service schedule and
the savings in total principal and interest.
6. The County Executive, if necessary, is authorized to
file for approval to issue the bonds from the State of Michigan,
Department of Treasury ("Treasury"), to pay the related fee, and
to execute and deliver such other documents as may be requested
by the Treasury.
7. All activities involved in the refunding of the Bonds
under this resolution shall comply with the standing rules of the
Board of Commissioners.
BE IT FURTHER RESOLVED that the Chairperson of the Board of
Commissioners is authorized fill in the blanks in APPENDIX C and
APPENDIX D prior to executing and filing these documents with the
Oakland County Clerk.
Chairperson, on behalf of the Finance Committee, I move the
adoption of the foregoing resolution.
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APPENDIX A
The Oakland County Building Authority $8,160,000 Building
Authority Refunding Bonds, Series 2006, dated March 1, 2006
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APPENDIX B
[TO BE INSERTED]
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APPENDIX C
AMENDED SUBLEASE
This Amended Sublease made as of May 1, 2013 by and between
the COUNTY OF OAKLAND (the "County"), a State of Michigan
Constitutional and Municipal Corporation and the CITY OF PONTIAC
(the "City"), a Municipal Corporation located in the County of
Oakland, State of Michigan, organized and existing under the Home
Rule City Act, and the CITY OF PONTIAC TAX INCREMENT FINANCE
AUTHORITY (the TIFA") an authority organized and existing under
and pursuant to the provisions of Act no. 450, Public Acts of
Michigan, 1980, as amended ("Act 450").
WHEREAS, the Oakland County Building Authority (the
"Authority") has been incorporated by the County pursuant to Act
31 for the purpose of acquiring, furnishing, equipping, owning,
improving enlarging, operating and maintaining a building or
buildings, automobile parking lots or structures, recreational
facilities and stadiums, and the necessary site or sites
therefor, for the use of the County; and
WHEREAS, it is proposed that the Authority refinance the
outstanding Oakland County Building Authority Refunding Bonds,
Series 2006, dated March 1, 2006 (the "2006 Bonds") issued by
the Authority pursuant to the Full Faith and Credit General
Obligation Lease Contract made as of December 1, 2005 (the "2005
Lease Contract") and Act 31; and
WHEREAS, on February 1, 2006, the County and the City
entered into a Sublease governing the Project by the 2006
Bonds (the "Sublease"); and
WHEREAS, on June 30, 2012, the CITY OF PONTIAC GENERAL
BUILDING AUTHORITY was eliminated. The CITY OF PONTIAC GENERAL
BUILDING AUTHORITY was a party to the Sublease.
WHEREAS, in order to reflect the issuance of the refunding
bonds and to reflect changes in circumstances, including the
r'TMV (-VG' flfl1T77 77\c", r=1,1=7\T "DTITTn -1-1,7r, Tilrnr -rmw L-11 L viz Evni.itev.... LaiLiNLLI .OU_LLIJ_LF0.7
is necessary for the parties to enter into this Amended Sublease.
THEREFORE, IN CONSIDERATION OF THE MUTUAL UNDERTAKINGS AND
AGREEMENTS SET FORTH BELOW, IT IS HEREBY AGREED BY AND BETWEEN
THE PARTIES TO AMEND THIS SUBLEASEAS FOLLOWS:
A. Paragraph 1 and Subparagraph 6(b) of the Sublease are
entirely deleted and replaced with the following paragraphs:
1. Issuance of Refunding Bonds. The County has caused. the
Authority to issue its building authority refunding bonds in
the aggregate principal amount of $ (the "Bonds")
for the purpose of defraying part or all of the cost of
refunding the Oakland County Building Authority Refunding
Bonds, Series 2006. The Refunded Bonds are dated May 1,
2013 and bear interest. Interest shall be payable semi-
annually until maturity of the Bonds in accordance With the
Debt Retirement Schedule set forth on EXHIBIT A to this
Amended Sublease.
6(b). Agreement of the City.
6(b)(1). Amount of Payment and Timing of Payment. During
the term of this Sublease or any extension thereof, in the
event that the TIFA fails, for any reason, to make the full
payment to the County pursuant to Subparagraph 6(a), then
the City shall pay to the County, as cash rental for the
Project, such amount as shall be sufficient, together with
the required TIFA payments under Subparagraph 6(a), to
enable the County to meet its payment obligation to the
Authority on the Project, which payment obligation to the
Authority is the principal of and interest on the Bonds as
such principal and interest shall become due, whether at
maturity or by redemption. During the term of the Sublease
or any extensions thereof, the City's payment obligation
under this Subparagraph shall be paid to the County at least
30 days before each Bond Payment Date.
6(b)(2). Payment from General Fund or other Funds and No
Set-Off. The City shall pay the amount set forth in
Subparagraph 6(b) (I) from its general fund or from such
other fund(s) as the City may designate and in the time
frame set forth in Subparagraph 6(b)...(1). The obligation of
the City to make such payments in Subparagraph 6(b)(1) shall
not be subject to any set-off by the City nor shall there be
any abatement of the cash rental payments for any cause,
including, but not limited to, casualty that results in the
Project being untenantable.
B. Paragraph 8 of the Sublease is entirely deleted and replaced
with the following paragraph:
8. Maintenance and Repairs for the Project.
8(a). At its sole expense, the City/TIFA shall, as required
by law and as required by the County (in its sole
discretion), operate and maintain the Project and keep the
Project in good repair and in a safe condition.
8(b). The City's obligation to operate and maintain the
Project in good repair and in a safe condition shall
include, but not be limited to, providing and paying all of
the following: (1) the provision of all operational and
maintenance personnel, whether such personnel are employees
of the City/TIFA or are third-party contractors; (2) the
provision of all utilities (electricity, gas, water,
sewerage, drainage, etc.); (3) the provision of all
equipment, supplies and other property needed for operation
and maintenance; (4) payment of all premiums for insurance
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required under this Sublease; (5) all taxes levied upon any
Party to this Sublease on the account of ownership or use of
the Project; and (6)any and all other services or property
which are necessary for the efficient, expedient, and lawful
operation and maintenance of the Project ("Operational and
Maintenance Expenses").
8(c). All Operational and Maintenance Expenses shall be
deemed operational and maintenance expenses for the Project
and shall be paid to the appropriate entities and persons
when due. The City's obligation to pay Operational
Maintenance Expenses shall be deemed a general obligation of
the City.
8(d). If the City/TIFA, for any reason, fails to provide and
pay for the Operational and Maintenance Expenses, as set
forth in this Paragraph, then the County shall give the
City/TIFA ten (10) business days written notice of such
failure. If the City/TIFA does not provide and/or pay for
the Operational and Maintenance Expenses, set forth in the
written notice, within the ten (10) business day period or
commence action to provide (not pay) for such Operational
and Maintenance Expenses within the ten (10) business day
period, then the County may, in its sole discretion, provide
and pay for such Operational and Maintenance Expenses;
provided, however, that the City/TIFR shall reimburse the
County for all costs and expenses . associated with providing
and paying for the Operational and Maintenance Expenses.
The City/TIFA shall pay the County for the Operational and
Maintenance Expenses within ten (10) business day of
receiving an itemized invoice for the Operational and
Maintenance Expenses, detailing the costs and expenses
incurred by the County. If the City/TIFA does not pay the
invoice within the ten (10) business day period, then the
County shall collect the amount of the invoice pursuant to
Paragraph 23.
8(e). If the City/TIFA, for any reason, fails to keep the
Project in good condition and in a safe condition, as
required by law or as required by the County (in its sole
discretion), then the County shall give the City/TIFA ten
(10) business days written notice of such failures, the
conditions causing the failures, and what corrections shall
be made to the Project. If the City/TIFA does not correct
or commence corrections of the failures/conditions, set
forth in the written notice, within the ten (10) business
day period, then the County may, in its sole discretion,
provide for and pay for corrections of such
failures/conditions (which may include demolishing the
Project); provided, however, that the City/TIFA shall
reimburse the County for all costs and expenses associated
with providing for and paying for the correction of the
failures/conditions. The City/TIFA shall pay the County
within ten (10) business days of receiving an itemized
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invoice for the costs and expenses associated with
correcting the failures/conditions, such invoice shall
detail the costs and expenses incurred by the County. If
the City/TIFA does not pay the invoice within the ten (10)
business day period, then the County shall collect the
amount of the invoice pursuant to Paragraph 23.
C. Subparagraph 10(b)(5) of the Sublease is entirely deleted
and replaced with the following paragraph:
10(b) (5). The City shall provide Real Property Insurance to
insure the Project for One Hundred Percent (100%)
replacement cost value of the Project. Coverage shall be on
a special form, agreed amount, replacement cost basis and be
subject to a maximum per occurrence deductible of
$35,000.00. Flood and Earthquake coverages shall also be
carried for $1,000,000.00 per occurrence, per coverage with
a maximum deductible not to exceed $50,000.00 per
occurrence, per coverage. In the event any loss is not
covered by the City's insurance, then the County shall have
the right to enter the Project and cause it to be rendered
safe, it the County sole and exclusive discretion, so that
there is no danger from the Project to any adjacent property
or the public. All costs and expenses associated with
rendering the Project safe shall, in the County's sole
discretion, be charged/billed to the City or paid by the
County and then reimbursed to the County by the City. All
costs and expenses associated with "rendering the Project
safe and paid by the County, shall be reimbursed to the
County within ten (10) business days of receiving an
itemized invoice, detailing the costs and expenses. If the
City does not pay this invoice within ten (10) business
days, then County may collect such amount pursuant to
Paragraph 23.
D. The following Paragraph 23 is added to the Sublease:
23. Right of the County to Set-Off or Retain City Funds.
23(a). If the City fails, for any reason, to pay the County
any monies when and as due under this Sublease, the City
agrees, unless expressly prohibited by law, that the County
or the County Treasurer, at their sole option, shall be
entitled to set-off the amount due to the County from any
other City funds in the County's possession. These funds
include, but are not limited to, the Delinquent Tax
Revolving Fund ("DTRF"). Any set-off or retention of funds
by the County shall be deemed a voluntary assignment of the
amount due to the County from the City under this Sublease.
The City waives any claims against the County for any acts
related specifically to the County's off-setting or
retaining such amounts. This Paragraph shall not limit the
City's legal right to dispute whether the underlying amount
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setoff or retained by the County was actually due under this
Sublease.
23(b). If the County chooses not to exercise its right to
setoff or if any setoff is insufficient to fully pay the
County any amounts due and owing under this Sublease, then
the County shall have the right to charge up to the then-
maximum legal interest on any unpaid amount. Interest
charges shall be in addition to any other amounts due to the
County under this Sublease. Interest charges shall be
calculated using the daily unpaid balance method and
accumulate until all outstanding amounts and accumulated
interest are fully paid to the County.
23.(o). Nothing in this Paragraph shall operate to limit the
County's right to pursue or exercise any other legal rights
or remedies under this Sublease or law against the City to
secure reimbursement of amounts due the County under this
Agreement. The remedies in this Section shall be available
to the County on an ongoing and successive basis if the City
at any time becomes delinquent in its payments under this
Sublease. Notwithstanding any other term and condition in
this Sublease, if the County pursues any legal action in any
court to secure its payments under this Sublease, the City
shall pay all costs and expenses, including attorney's fees
and court costs, incurred by the County in the collection of
any amount owed by the City.
E. The CITY OF PONTIAC GENERAL. BUILDING AUTHORITY was
eliminated on June 30, 2012,
F. Effective Date of Amended Sublease. This Amended Sublease
shall become effective on the date of execution by all Parties.
IN WITNESS WHEREOF, the CITY OF PONTIAC as authorized by its
Emergency Manager, the CITY OF PONTIAC TAX INCREMENT FINANCE
AUTHORITY, and the COUNTY OF OAKLAND, by its Board of
Commissioners, have caused this Sublease to be signed by their
duly authorized officers, and their seals to be affixed hereto,
all as of the day and year first above written.
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WITNESS: CITY OF PONTIAC
By:
Mayor
and
By:
City Clerk
CITY OF PONTIAC TAX INCREMENT
FINANCE AUTHORITY
By:
and
By:
WITNESS: COUNTY OF OAKLAND
By:
Chairperon, Board of Commissioners
and
By:
County Clerk
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STATE OF MICHIGAN
SS.
COUNTY OF OAKLAND)
On this day of , the foregoing instrument
was acknowledged before me by and
, who are the Mayor and the Clerk of the City of
Pontiac.
Notary Public, State of Michigan,
Oakland County
My Commission expires:
Acting in the County of Oakland
STATE OF MICHIGAN
) SS.
COUNTY OF OAKLAND)
On this day of , the foregoing instrument
was acknowledged before me by and
, who are the and
of the City of Pontiac Tax Increment Financing
Authority.
Notary Public, State of Michigan,
Oakland County
My Commission expires:
Acting in the County of Oakland
STATE OF MICHIGAN
)SS.
COUNTY OF OAKLAND)
On this day of , the foregoing instrument
was acknowledged before me by and
, who are the Chairperson of the Board
of Commissioners and the County Clerk of the County of Oakland,
on behalf of the County.
7
Notary Public, State of Michigan,
Oakland County
My Commission expires:
Acting in the County of Oakland
8
Principal Annual Rate Interest Total
EXHIBIT A
Period
Ending
12/1/13
12/1/14
12/1/15
12/1/16
12/1/17
12/1/18
12/1/19
12/1/20
12/1/21
12/1/22
12/1/23
12/1/24
12/1/25
12/1/26
12/1/27
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APPENDIX D
AMENDMENT TO LEASE CONTRACT
THIS AMENDMENT TO FULL FAITH AND CREDIT GENERAL OBLIGATION
LEASE CONTRACT ("Amendment to Lease Contract") made as of June 1,
2013, by and between the OAKLAND COUNTY BUILDING AUTHORITY (the
"Authority"), 'a building authority organized and existing under
and pursuant to the provisions of Act No. 31, Public Acts of
Michigan, 1948 (First Extra Session), as amended ("Act 31"), and
the COUNTY OF OAKLAND, a County of the State of Michigan (the
"County"),
WITNESSET H:
WHEREAS, the Authority has been incorporated by the County
pursuant to Act 31 for the purpose of acquiring, furnishing,
equipping, owning, improving, enlarging, operating and
maintaining a building or buildings, automobile parking lots or
structures, recreational facilities and stadiums, and the
necessary site or sites therefor, for the use of the County; and
WHEREAS, it is proposed that the Authority refinance the
outstanding Oakland County Building Authority Refunding Bonds,
Series 2006, dated March 1, 2006 (the "2006 Bonds") issued bv-
the Authority pursuant to the Full Faith and Credit General
Obligation Lease Contract made as of December 1, 2005 (the "2005
Lease Contract") and Act 31; and
WHEREAS, the 2005 Lease Contract is hereinafter sometimes
referred to as (the "Lease Contract"); and
WHEREAS, in order to make possible the issuance of refunding
bonds it is necessary for the parties to enter into this
Amendment to Lease Contract.
THEREFORE, IN CONSIDERATION OF THE MUTUAL UNDERTAKINGS AND
AGREEMENTS SET FORTH BELOW, IT IS HEREBY AGREED BY AND BETWEEN
THE PARTIES TO THIS AMENDMENT TO LEASE CONTRACT AS FOLLOWS:
A. The following paragraphs 24 and 25 are added to the
Lease Contract to read as follows:
24. Authorization and Issuance of Refunding Bonds. As soon
as practicable after the effective date of the Amendment to Lease
Contract, the Authority shall proceed to issue its building
authority refunding bonds in the aggregate principal amount of
not to exceed $7,750,000 (the "Refunding Bonds"), pursuant to and
in accordance with the provisions of Act 31, for the purpose of
refunding the Building Authority Refunding Bonds, Series 2006,
dated as of March 1, 2006 maturing in the years 2013 through
2027.
The Authority shall pledge for the payment of the principal
of and interest on the Refunding Bonds the cash rental payments
described and required to be paid by the County pursuant to the
Lease Contract and this Amendment to Lease Contract. The
Refunding Bonds shall be dated May 1, 2013 or such earlier or
later date as to be determined. The Refunding Bonds shall bear
interest at a rate or rates that will produce a savings true
interest cost and shall mature in accordance with the Debt
Retirement Schedule set forth on Exhibit A to this Amendment to
Lease Contract. Each date on which any payment of principal of
and/or interest on any Refunding Bonds is due is referred to
herein as a "Bond Payment Date".
The County and the Authority recognize and acknowledge that
(a) such Debt Retirement Schedule is based upon an assumed
interest rate and date of issuance of the Refunding Bonds and
assumed Bond Payment Date, all as set forth in Exhibit A, (b) the
Bond Payment Dates will be specified in the Award Resolution and
(c) the rental payments due under this Amendment to Lease
Contract will be determined when the Award Resolution is adopted
by the Authority and the Refunding Bonds are sold, by application
of the rate or rates of interest actually borne by the Refunding
Bonds.
25. Undertaking to Provide Continuing Disclosure for
Refunding Bonds. The County and the Authority hereby covenant
and agree, for the benefit of the beneficial owners of the
Refunding Bonds, to enter into a, written undertaking (the
"Undertaking") required by SEC Rule 15c2-12 promulgated by the
Securities and Exchange Commission pursuant to the Securities and
Exchange Act of 1934 (the "Rule") to provide continuing
disclosure of certain financial information and operating data
and timely notices of the occurrence of certain events in
accordance with the Rule. This Undertaking shall be enforceable
by the beneficial owners of the Refunding Bonds or by the
Purchaser(s) on behalf of such holders (provided that the
Purchaser(s) right to enforce the provisions of this Undertaking
shall be limited to a right to obtain specific enforcement of the
obligations hereunder and any failure by the County and the
Authority to comply with the provisions of this Undertaking shall
not be an event of default with respect to the Refunding Bonds).
The County Treasurer and the Chairperson or Treasurer of the
Authority, or other officer of the County or Authority charged
with the responsibility for issuing the Refunding Bonds, shall
provide a Continuing Disclosure Certificate for inclusion in the
transcript of proceedings, setting forth the details and terms of
the County's and Authority's Undertaking."
IN WITNESS WHEREOF, the OAKLAND COUNTY BUILDING AUTHORITY,
by its Commission, and the COUNTY OF OAKLAND, by its Board of
Commissioners, have caused this Amendment to Lease Contract to be
signed by their duly authorized officers, and their seals to be
affixed hereto, all as of the day and year first above written.
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WITNESSES TO SIGNATURES OAKLAND COUNTY BUILDING AUTHORITY
OF AUTHORITY OFFICERS:
By:
Chairperson of its Commission
By:
Secretary of its Commission
WITNESSES TO SIGNATURES COUNTY OF OAKLAND
OF COUNTY OFFICERS:
By:
Chairperson, Board of Commissioners
By:
County Clerk
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STATE OF MICHIGAN)
)ss.
COUNTY OF OAKLAND)
On this day of lbefore me appeared
and , to me personally known,
who being by me duly sworn, did each say that they are,
respectively, the Chairperson and the Secretary of the Commission
of the OAKLAND COUNTY BUILDING AUTHORITY and that the foregoing
Amendment to Lease Contract was signed and sealed by them on
behalf of the Authority by authority of its Commission, and that
such persons acknowledged such instrument to be the free act and
deed of the Authority.
Notary Public, Oakland County
Michigan
My Commission Expires:
(Seal)
STATE OF MICHIGAN)
)ss.
COUNTY OF OAKLAND)
On this day of , before me appeared
and , to me personally
known, who being by me duly sworn, did each say that they are,
respectively, the Chairperson of the Board of Commissioners and
the County Clerk of the COUNTY OF OAKLAND and that the foregoing
Amendment to Lease Contract was signed and sealed by them on
behalf of the County by authority of its Board of Commissioners,
and that such persons acknowledged such instrument to be the free
act and deed of the County.
Notary Public, Oakland County,
Michigan
My Commission Expires:
(Seal)
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EXHIBIT A
Period
Ending Principal Annual Rate Interest Total
12/1/13 96
12/1/14
12/1/15
12/1/16
12/1/17
12/1/18
12/1/19
12/1/20
12/1/21
12/1/22
12/1/23
12/1/24
12/1/25
12/1/26
12/1/27
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Resolution #13031 March 6, 2013
Moved by Bosnic supported by Quarles the resolutions (with fiscal notes attached) on the Consent
Agenda be adopted (with accompanying reports being accepted).
AYES: Dwyer, Gershenson, Gosselin, Hatchett, Hoffman, Jackson, Long, Matis, McGillivray,
Middleton, Quarles, Scott, Spisz, Weipert, Woodward, Zack. (18)
NAYS: None. (0)
A sufficient majority having voted in favor, the resolutions (with fiscal notes attached) on the Consent
Agenda were adopted (with accompanying reports being accepted).
....Y PPROV • •TI
CHE: DEPUTY C'
A 7TING PURSUANT TO MCL '77
3
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Lisa Brown, 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 March 6, 2013,
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 6th day of March, 2013.
Lisa Brown, Oakland County