HomeMy WebLinkAboutResolutions - 2013.12.12 - 21116MISCELLANEOUS RESOLUTION #13301 December 12013
BY: Finance Committee, Tom Middleton, Chairperson_
IN RE: RESOLUTION AUTHORIZING ISSUANCE OF OAKLAND COUNTY BUILDING
AUTHORITY, BUILDING AUTHORITY REFUNDING BONDS, SERIES 2014 (REFUNDS
SERIES 2007) AND APPROVING THE UNDERTAKING TO PROVIDE CONTINUING
DISCLOSURE
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, extra
session, as amended, ("Act 31") the Oakland County Building Authority (the "Authority") and the County of
Oakland (the "County"), have entered into a Full Faith and Credit General Obligation Lease Contract dated
as of December 1, 2006 (as listed in Appendix A) (the "Lease Contract") and a Sublease between the
County and the Oakland County Community Mental Health Authority (the "CMHA") dated as of June 27,
2007 (the "Sublease"); and
WHEREAS, pursuant to the Lease Contract and the Sublease, the Building Authority has issued
the Oakland County Building Authority, Building Authority Bonds, Series 2007 in the original aggregate
principal amount of $5,500,000 dated as of August 1, 2007 which remain outstanding as listed in Appendix
B (the "2007 Bonds") to defray the cost of acquiring various facilities located throughout the County to be
used by the CMHA; and
WHEREAS, the 2007 Bonds remain outstanding in various aggregate principal amounts which
mature in various principal amounts in various years and bear interest at various rates per annum which
rates of interest are higher than those now prevailing; and
WHEREAS, Act 31 and Act No. 34, Public Acts of Michigan, 2001, as amended, ("Act 34")
authorize the Authority to refund all or any part of its indebtedness; and
WHEREAS, the County has determined that a significant cost savings can be achieved by
refunding the outstanding 2007 Bonds in whole or in part; 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 C 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 Authority is authorized to proceed to refund any or all of the 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 Amendment to Lease Contract attached hereto as Appendix C is hereby approved.
3. The County Officials set forth on the Amendment to Lease Contract are authorized to
execute and deliver the Amendment to Lease Contract on behalf of the County.
4. After any refunding bonds are issued, the Authority shall report to the County on the new
debt service schedule and the savings in total principal and interest.
5. 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.
6, All activities involved in the refunding of the Bonds under this resolution shall comply with
the standing rules of the Board of Commissioners.
FINANCE COMMITTEE VOTE:
Motion carried unanimously on a roll call vote with Scott and Matis absent.
(-7
-------,
BE IT FURTHER RESOLVED that the Chairperson of the Board of Commissioners is authorized
fill in the blanks in Exhibit A to Appendix C - Debt Retirement Schedule 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.
APPENDIX A
$5,500,000 Oakland County Building Authority, Building
Authority Bonds, Series 2007 - FULL FAITH AND CREDIT GENERAL
OBLIGATION LEASE CONTRACT MADE AS OF DECEMBER 1, 2006.
las.rl-oak261
las.rl-oak261
APPENDIX B
OAKLAND COUNTY BUILDING AUTHORITY,
BUILDING AUTHORITY BONDS, SERIES 2007
Date
3/1/14
3/1/15
3/1/16
3/1/17
3/1/18
3/1/19
3/1/20
3/1/21
3/1/22
3/1/23
3/1/24
3/1/25
TOTAL
Principal
$250,000
250,000
250,000
250,000
275,000
275,000
300,000
300,000
325,000
325,000
350,000
125,000
$3,275,000
APPENDIX C
AMENDMENT TO LEASE CONTRACT
THIS AMENDMENT TO FULL FAITH AND CREDIT GENERAL OBLIGATION
LEASE CONTRACT ("Amendment to Lease Contract") made as of January
1, 2014, 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 Of 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, the County desired to acquire various facilities
located in the County of Oakland to be used by the Oakland County
Community Mental Health Authority (the "CMHA") (the "Project"),
and the Authority acquired the Project; and
WHEREAS, it is proposed that the Authority refinance part of
the outstanding Oakland County Building Authority, Building
Authority Bonds, Series 2007, dated August 1, 2007 (the "2007
Bonds") issued by the Authority pursuant to the Full Faith and
Credit General Obligation Lease Contract dated as of December 1,
2006 (the "Lease Contract") and a Sublease between the County and
the CMHA dated as of June 27, 2007 (the "Sublease") and Act 31;
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 $3,300,000 (the "Refunding Bonds"), pursuant to and
in accordance with the provisions of Act 31, for the purpose of
refunding the Building Authority Bonds, Series 2007, dated as of
August 1, 2007 maturing in the years 2015 through 2025.
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 February 1, 2014 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 Bates 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 1502-12 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
2
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.
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
las.rl-oak261
3
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 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)
las.rl-oak261
4
EXHIBIT A
Period
Ending Principal Annual Rate Interest Total
3/1/15
3/1/16
3/1/17
3/1/18
3/1/19
3/1/20
3/1/21
3/1/22
3/1/23
3/1/24
3/1/25
$
96 $
$
las.rl-oak261
1
Mn4111.111M =
$3,110,000
Oakland County Building Authority
Building Authority Refunding Bonds, Series 2014
(Refunds Series 2007 BA Bonds)
NET SOURCES AND USES
Dated Date:
Closing Date:
Sources:
Bond Proceeds
Underwriter's Premium
Accrued Interest
02/01/14
02/11/14
$3,110,000.00
0.00
2,370.01
Uses:
Escrow Fund
Costs of Issuance
Underwriter's Discount (1.0%)
Interest Account
Available Amount
$1,112,17&M.
$3,025,000.00
52,000.00
31,100.00
2,370.01
1,900.00
$3,112,370,01
Net Savings: $149,837.51
Present Value Savings: $126,759.29
Percent of refunded par: 4.190%
dedlrefundloakland1BA 2007.xls 11/2512013
/0111111.411.111.1
$3,110,000
Oakland County Building Authority
Building Authority Refunding Bonds, Series 2014
NEW DEBT SERVICE
Total Annual
Date Principal Price Coupon Interest Debt Service Total
09/01/14
03/01/15
09/01/15
03/01/16
09/01/16
03/01/17
09/01/17
03/01/18
09/01/18
03/01/19
09/01/19
03/01/20
09/01/20
03/01/21
09/01/21
03/01/22
09/01/22
03/01/23
09/01/23
03/01/24
09/01/24
03/01125
$280,000.00
275,000.00
275,000.00
290,000.00
285,000.00
305,000.00
300,000.00
325,000.00
320,000.00
340,000.00
115,000.00
20A1Q.Q.
100.000%
100.000%
100.000%
100.000%
100.000%
100.000%
100.000%
100.000%
100.000%
100.000%
100.000%
2.000%
2.000%
2.000%
2.000%
2.100%
2.400%
3.800%
3.300%
3.400%
3.600%
3.800%
$49,770.00
42,660.00
39,860.00
39,860.00
37,110.00
37,110.00
34,360.00
34,360.00
31,460.00
31,460.00
28,467.50
28,467.50
24,807.50
24,807.50
19,107.50
19,107.50
13,745.00
13,745.00
8,305.00
8,305.00
2,185.00
2,185.00
$49,770.00
322,660.00
39,860.00
314,860.00
37,110.00
312,110.00
34,360.00
324,360.00
31,460.00
316,460.00
28,467.50
333,467.50
24,807.50
324,807.50
19,107.50
344,107.50
13,745.00
333,745.00
8,305.00
348,305.00
2,185.00
117,185.00
$49,770.00
362,520.00
351,970.00
346,470.00
355,820.00
344,927.50
358,275.00
343,915.00
357,852.50
342,050.00
350,490.00
117,185.00
$571 245 00 $3681 245 00 $3681245.00
Dated Date: 02/01/14
Closing Date: 02/11/14
Principal:
Accrued Interest:
Credit Enhancement:
Ong Issue Prem/(Disc):
$3,110,000.00
2,370.01
0.00
0.00
la-ilzazaat
dechrefundloakland\BA 2007.xls 11/25/2013
MK AMKNOKAIMINM
$3,110,000
Oakland County Building Authority
Building Authority Refunding Bonds, Series 2014
ARBITRAGE YIELD WORKSHEET
Date Principal
Total
Coupon Interest Debt Service
Annual
Total
3.05414%
Present Value
Debt Service
09/01/14
03/01/15
09/01/15
03/01/16
09/01)16
03/01/17
09/01/17
03/01/18
09/01/18
03/01/19
09/01/19
03/01/20
09/01/20
03/01/21
09/01/21
03/01/22
09/01/22
03/01/23
09/01/23
03/01/24
09/01/24
03/01/25
$280,000.00
275,000.00
275,000.00
290,000.00
285,000.00
305,000.00
300,000.00
325,000.00
320,000.00
340,000.00
115,000.00
$3 110 000.00
2.000%
2.000%
2.000%
2.000%
2,100%
2.400%
3.800%
3.300%
3.400%
3.600%
3.800%
$49,770.00
42,660.00
39,860.00
39,860.00
37,110.00
37,110.00
34,360.00
34,360.00
31,460.00
31,460.00
28,467.50
28,467.50
24,807.50
24,807,50
19,107.50
19,107.50
13,745.00
13,745.00
8,305.00
8,305.00
2,185.00
2,185.00
$49,770.00
322,660.00
39,860.00
314,860,00
37,110.00
312,110.00
34,360.00
324,360.00
31,460.00
316,460.00
28,467.50
333,467.50
24,807.50
324,807.50
19,107.50
344,107.50
13,745.00
333,745.00
8,305.00
348,305.00
2,185.00
117,185.00
$49,770.00
362,520.00
351,970.00
346,470.00
355,820.00
344,927.50
358,275.00
343,915.00
357,852.50
342,050.00
350,490.00
117,185.00
$48,938.93
312,500.05
38,024.23
295,841.25
34,343.96
284,501.93
30,849.55
286,840.92
27,402.53
271,499.42
24,055.68
277,549.14
20,337.03
262,270.05
15,196.54
269,558.52
10,605.27
253,635.47
6,216.60
256,797.74
1,586.72
83,818.48
$571,245 00 $3 681 245 00 $3,681.245.00 $3 112 37Q 01
Dated Date: 02/01/14
Closing Date: 02/11/14
Arbitrage Yield: 3.054143%
Principal:
Accrued Interest:
Credit Enhancement:
Orig Issue Prem/(Disc):
$3,110,000.00
2,370.01
0.00
0.00
SlilLazaa
dethrefundloakland \BA 2007.xls 11/25/2013
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Zr "A'n'-"M"
$3,110,000
Oakland County Building Authority
Building Authority Refunding Bonds, Series 2014
NET PRESENT VALUE SAVINGS ANALYSIS
Net Present Value Savings/(Loss): $126,759.29
Remaining Annual 3.05414%
Outstanding Non-Refunded
New Net Net Present Value
Date Debt Service Debt-Service Debt Service Savings/(Loss) Savings/(Loss) Savings/(Loss)
$320,028.13 03/01/14
09/01/14
03/01/15
09/01/15
03/01/16
09/01/16
03/01/17
09/01/17
03/01/18
09/01/18
03/01/19
09/01/19
03/01/20
09/01/20
03/01/21
09/01/21
03/01/22
09/01/22
03/01/23
09/01/23
03/01/24
09/01/24
03/01/25
$320,028.13
65,028.13
315,028.13
60,028.13
310,028.13
55,028.13
305,028.13
50,028.13
325,028.13
44,356.25
319,356.25
38,512.50
338,512.50
32,062.50
332,062.50
25,312.50
350,312.50
18,000.00
343,000.00
10,687,50
360,687.50
2,812.50
127,812.50
$0.00
47,399.99 *
322,660,00
39,860.00
314,860.00
37,110.00
312,110.00
34,360.00
324,360.00
31,460.00
316,460.00
28,467,50
333,467.50
24,807.50
324,807.50
19,107.50
344,107.50
13,745.00
333,745.00
8,305.00
348,305.00
2,185.00
117,185.00
$0.00
17,628.14
(7,631.88)
20,168.13
(4,831.88)
17,918.13
(7,081.88)
15,668.13
668.13
12,896.25
2,896.26
10,045.00
5,045.00
7,255.00
7,255.00
6,205.00
6,205.00
4,255.00
9,255.00
2,382.50
12,382.50
627.50
10,627.50
$17,628.14
12,536.25
13,086.25
8,586.25
13,564.38
12,941.25
12,300.00
13,460.00
10,460.00
11,637.50
13,010.00
10,627.50
$0.00
17,373.35
(7,391.56)
19,239.27
(4,540.01)
16,582.57
(6,455.44)
14,067.36
590.84
11,232.99
2,484.77
8,488.25
4,199.02
5,947.60
5,858.14
4,934.95
4,860.72
3,283.04
7,033.50
1,783.39
9,129.35
455,68
7,601.49
$4 148 740 63 $320 028 13 $3,6,78,874 99 $149 837.51 $149 837.51 i126.759.29
Less accrued interest.
decilrefundloakland\ BA 2007.xls 11/25/2013
IIIIn al1111101•14111111=
=
$5,500,000
Oakland County Building Authority
Building Authority Bonds, Series 2007
REMAINING ORIGINAL DEBT SERVICE SCHEDULE
3.05414%
Total Annual Present Value
Date Principal Coupon Interest Debt Service Total Debt Service
03/01/14 $250,000.00 4.000%
09/01/14
03/01/15 250,000.00 4.000%
09/01/15
03/01/16 250,000.00 4.000%
09/01/16
03/01/17 250,000.00 4.000%
09/01/17
03/01/18 275,000.00 4.125%
09/01/18
03/01/19 275,000.00 4.250%
09/01/19
03/01/20 300,000.00 4.300%
09/01/20
03/01/21 300,000.00 4.500%
09/01/21
03/01/22 325,000.00 4.500%
09/01/22
03/01/23 325,000.00 4.500%
09/01/23
03/01/24 350,000.00 4.500%
09/01/24
03/01/25 125,000.00 * 4.500%
$3 275,000.00
$70,028.13
65,028.13
65,028.13
60,028.13
60,028.13
55,028.13
55,028.13
50,028.13
50,028.13
44,356.25
44,356.25
38,512.50
38,512.50
32,062.50
32,062.50
25,312.50
25,312.50
18,000.00
18,000.00
10,687.50
10,687.50
2,812.50
2,812.50
$320,028.13
65,028.13
315,028.13
60,028.13
310,028.13
55,028.13
305,028.13
50,028.13
325,028.13
44,356.25
319,356.25
38,512.50
338,512.50
32,062.50
332,062.50
25,312.50
350,312.50
18,000.00
343,000.00
10,687.50
360,687.50
2,812.50
127,812.50
$385,056.25
375,056.25
365,056.25
355,056.25
369,384.38
357,868,75
370,575.00
357,375.00
368,312.50
353,687.50
363,500.00
127,812.50
$319,489.68
63,942.27
305,108.49
57,263.50
291,301.24
50,926.53
278,046.49
44,916.91
287,431.76
38,635.52
273,984.19
32,543.93
281,748.15
26,284.63
268,128.20
20,131.49
274,419.25
13,888.32
260,668.97
7,999.99
265,927.09
2,042.41
91,419.98
$873740.63 $4,14aMaa $414874063 $3,556,248 97
Defeased in 2010
03/01/25 $225,000.00 *
03/01/26 375,000.00 *
03/01/27 375,000.00 *
$975,000.00
* Term Bond.
dedlrefundloakland \BA 2007.xls 11/25/2013
$5,500,000
Oakland County Building Authority
Building Authority Bonds, Series 2007
REMAINING NON-REFUNDED ORIGINAL DEBT SERVICE SCHEDULE
3.06414%
Total Annual Present Value
Date Principal Coupon Interest Debt Service Total Debt Service
03/01/14 $250,000.00 4.000% $70,028.13 $320,028.13 $320,028.13 $319,489.68
$250 000.00 $70 028_1.3 $320,028 13 $320,028 1 a samakaa
dedlrefundloakland \BA 2007.xls 11/25/2013
$5,500,000
Oakland County Building Authority
Building Authority Bonds, Series 2007
REDEMPTION SCHEDULE
Redemption Premium: 0.00%
Redeemed
Date Principal Interest Principal
03/01/14 $0.00 $0.00 $3,025,000.00
lam $3.025.000.00
Redemption Total Annual 3.06414%
Premium Debt Service Total Present Value
$0.00 $3,025,000.00 $3,025,000.00 $3,019,910.42
$0_00, $3,025,000 00 S3 025.00000 U.=„,42
dedlrefundloakland \BA 2007.xls 11/25/2013
MK /=4/11.111=
-nfl an WIMP
$5,500,000
Oakland County Building Authority
Building Authority Bonds, Series 2007
ESCROW CASH FLOW ANALYSIS
February 11, 2014 Beginning Cash Balance: $3,025,000.00 *
Beginning Ending
Cash SLGS SLGS SLGS SLGS Debt Service Cash 0.00000%
Date Balance Principal Rate Interest Total Defeasance Balance Present Value
02/11/14 $3,025,000.00 $3,025,000.00
03/01/14 3,025,000.00 $0.00 0.000% $0.00 $0.00 $3,025,000.00 0.00 $0.00
$0.00 $0.00 $3,025,000.00 $1-30
Total Cost of Escrow Requirements: $3,025,000.00
" Non-Interest bearing cash deposit held with the Escrow Agent.
dedlrefundloakland \BA 2007.xls 11/25/2013
Resolution #13301 December 12, 2013
Moved by Spisz supported by McGillivray the resolutions (with fiscal notes attached) on the amended
Consent Agenda be adopted (with accompanying reports being accepted).
AYES: Dwyer, Gershenson, Hatchett, Hoffman, Jackson, Long, Matis, McGillivray, Middleton,
Quarles, Runestad, Scott, Spisz, Taub, Weipert, Zack, Bosnic, Crawford. (18)
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 EP 3
HEREBY APPROVE THIS PESOLOTRON
CHIEF DEPUTY COUNTY EXEOUTIVE
ACTING PURSUANT TO MCI_ 46.559A (7)
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 December 12,
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 12th day of December 2013.
Lisa Brown, Oakland County