HomeMy WebLinkAboutResolutions - 2014.06.11 - 21363MISCELLANEOUS RESOLUTION #14135 June 11, 2014
BY: Planning and Building Committee, Jim Runestad, Chairperson
IN RE: ECONOMIC DEVELOPMENT AND COMMUNITY AFFAIRS - RESOLUTION APPROVING THE
PROVISIONS OF A BROWNFIELD PLAN FOR THE BLOOMFIELD PARK REDEVELOPMENT
CITY OF PONTIAC PROJECT
To the Oakland County Board of Commissioners
Chairperson, Ladies and Gentlemen:
WHEREAS the Oakland County Board of Commissioners, pursuant to and in accordance with the
provisions of the Brownfield Redevelopment Financing Act, being Act 381 of the Public Acts of the State
of Michigan of 1996, as amended (the "Act"), have established a redevelopment of Brownfields
Redevelopment Authority and Board (OCBRA) to facilitate the cleanup and redevelopment of Brownfields
within Oakland County's communities; and
WHEREAS the Bloomfield park project, in the City of Pontiac is a Brownfield under state statute; and
WHEREAS a Brownfield plan (the "Plan") has been prepared to help market the site in order to restore
the environmental and economic viability; and
WHEREAS pursuant to OCBRA by-laws, a local committee has been appointed, participated in
discussions regarding the proposed plan and project, reviewed the plan, and recommends its approval;
and
WHEREAS the City of Pontiac has reviewed the Plan, and has been provided a reasonable opportunity to
express views and recommendations regarding the Plan in accordance with Sections 13 (13) of the Act,
and has issued an Order concurring with the provisions of the Plan; and
WHEREAS the OCBRA, pursuant to and in accordance with Section 13 of the Act, has approved a
resolution (attached) adopting the Plan, and recommends the adoption of the Plan by the Oakland County
Board of Commissioners to be carried out within the City of Pontiac relating to the Bloomfield Park
redevelopment in the City of Pontiac.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners does hereby
adopt the Brownfield Redevelopment Plan to be carried out within the City of Pontiac, relating to the
Bloomfield Park redevelopment.
BE IT FURTHER RESOLVED that a public hearing on the adoption of the Brownfield Plan approved by
the Oakland County Brownfield Redevelopment Authority for Bloomfield Park in the City of Pontiac shall
be held on June 11, 2014 in the Oakland County Board of Commissioners' Auditorium, 1200 North
Telegraph Road, Pontiac, Michigan.
Chairperson, on behalf of the Planning & Building Committee, I move the adoption of the foregoing
resolution.
PLANNING & BUILDING COMMITTEE
PLANNING AND BUILDING COMMITTEE
Motion carried unanimously on a roll call vote.
RESOLUTION TO APPROVE A BROWNFIELD REDEVELOPMENT PLAN
FOR THE BLOOMFIELD PARK BROWNFIELD PROJECT
April 22., 2014
WHEREAS, Bloomfield Park in the City of Pontiac has been a environmental,
and a non-producing parcel for many years; and,
WHEREAS, the previous Brownfield plan for the Bloomfield Park project was
abolished by the State appointed Emergency Financial Manager on June 21, 2012 due to
lack of redevelopment activity; and,
WHEREAS, no tax capture was captured under the previous Brownfield plan;
and,
WHEREAS; an active Brownfield plan that establishes tax increment financing
and eligible activities is imperative for marketing of this site to developers; and,
WHEREAS, the Brownfield plan will have to be amended with more specifics
once a developer has taken ownership and a redevelopment plan has been identified; and,
WHEREAS, the local host committee consisting of Mayor Waterman from the
City of Pontiac and Mr. Hunter from the OCBRA have met and have recommended the
approval of the Brownfield plan; and,
WHEREAS, the BRA Board has reviewed the proposed plan; now,
THEREFORE, BE IT RESOLVED, the Brownfield Plan for the Bloomfield Park
project was approved by the OCBRA on April 22, 2014 by a majority vote of 6 yeas to 0
nays, provided that no tax capture shall be allowed until after the Brownfield plan is
amended and further that the Brownfield plan is also approved by the City of Pontiac
State appointed Transition Advisory Board at their meeting on May 21st; and,
BE IT FURTHER RESOLVED, to recommend the adoption of this plan by the
Oakland County Board of Commissioners, and its Planning & Building Committee.
Yeas- Hunter, Lerminiaux, Trigger, Webster, Williams, Wilson
Nays-
Ab stained-
Absent- Gingen, Woodward
Dan Hunter
Secretary, Oakland County Brownfield Redevelopment Authority
OAKLAND COUNTY
BROWNFIELD REDEVELOPMENT AUTHORITY
BROWNFIELD PLAN AMENDMENT
FOR
BLOOMFIELD PARK PROJECT
Prepared by:
Warner Norcross & Judd LLP
900 Fifth Third Center
Grand Rapids, Michigan 49503
Contact Person: John V. By!
Phone: 616.752.2149
Website: www.wni.com
E-Mail: ibylgwnj.com
Latest Version: April 10, 2014
Approved by the Pontiac City Council on
Approved by the Oakland County Brownfield Redevelopment Authority on
Approved by the Oakland County Board of Commissioners on
TABLE OF CONTENTS
PROJECT SUMMARY
INTRODUCTION AND PURPOSE 2
ELIGIBLE PROPERTY INFORMATION 3
PROPOSED REDEVELOPMENT 3
BROWNFIELD CONDITIONS 3
BROWNFIELD PLAN ELEMENTS
A. Description of costs to be Paid for with Tax Increment Revenues 4
B. Summary of Eligible Activities 4
C. Estimate of Captured Taxable Value and Tax Increment 5
D. Method of Financing and Description of Advances by the Municipality 5
E. Maximum Amount of Note or Bonded Indebtedness 6
F. Duration of Brownfield Plan 6
G. Estimated Impact of Tax Increment Financing on Revenues of Taxing
Jurisdictions 6
H. Legal Description, Property Map, Statement of Quality Characteristics and
Personal Property 6
I. Estimates of residents and Displacement of Families 6
J. Plan for Relocation of Displaced Persons 6
K. Provision for Relocation Costs 7
L. Strategy for Compliance with Michigan's Relocation Assistance Law 7
M. Description of Proposed Use of Local Site Remediation Revolving Fund 7
N. Other Material that the Authority or Governing Body Considers Pertinent 7
EXHIBITS
A. Legal Description and Maps
SCHEDULES
I. Tax Capture Schedule
PROJECT SUMMARY
Project Name: Bloomfield Park Project
Project Location: The eligible property is located at 1901-1951 S. Telegraph Road in the
City of Pontiac ("Property"). A legal description of the Property is
provided in Exhibit A.
Type of Eligible
Property: Functionally Obsolete
Eligible Activities: Demolition, Site Preparation, Infrastructure Improvements, Development
and Preparation of Brownfield Plan and Work Plan.
Eligible Costs: $5 to 50 million
Estimated Eligible
Investment: $25 to 250 million
Page 1 of 8
INTRODUCTION AND PURPOSE
The purpose of this plan, to be implemented by the Oakland County Brownfield Redevelopment
Authority (the "Authority"), is to satisfy the requirements for a Brownfield Plan (the "Plan") as
specified in the Brownfield Redevelopment Financing Act, Michigan Public Act (PA) 381 of
1996, as amended (MCL) 125.2651 et seq., (the "Act").
The Plan project area is within the City of Pontiac pursuant to an Act 425 agreement between the
City and Bloomfield Township.
The Authority proposes to implement this Plan in an effort to promote economic development
and redevelopment at the Bloomfield Park site ("Property"). The Authority expects this Plan to
be a living document that will be amended when a developer proposes a project for the Property.
Page 2 of 8
Bloomfield Park Project
ELIGIBLE PROPERTY INFORMATION
The Property is located in the City of Pontiac, Oakland County, at 1901-1951 S. Telegraph Road,
located on the east side of Telegraph Road, North of Square Lake Road and South of Orchard
Lake Road. The Property is approximately 87 acre(s). See Exhibit A for the legal description
and maps of the Property.
PROPOSED REDEVELOPMENT
Future development at the property is expected to consist of mixed uses, including retail,
commercial, residential and potentially other uses. The investment in redevelopment could range
from $25 million to $250 million. It is likely that development will require demolition of some
of the structures currently at the Property.
BROWNFIELD CONDITIONS
Certain structures were built at the site that were not fully completed. One or more of the
structures are "functionally obsolete" as determined by a Level 3 or 4 assessor.
Page 3 of 8
BROWNFIELD PLAN ELEMENTS
A. A description of costs intended to be paid for with tax increment revenues (MCLA
125.2663(1)(a))
A future developer will request that the Authority capture incremental local taxes
generated through tax increment financing to reimburse the cost of certain "eligible activities" as
provided in this Plan. Additionally, the Authority will capture administrative fees and Local Site
Remediation Revolving Funds from this Plan.
B. A brief summary of the eligible activities that are proposed for the eligible
property. (MCLA 125.2663(1)(b))
"Eligible activities" are defined in the Act as meaning one or more of the following: (i)
baseline environmental assessment activities; (ii) due care activities; and (iii) additional response
activities. In addition, in qualified local governmental units such as the City of Pontiac, the Act
includes the following additional "eligible activities": (A) infrastructure improvements that
directly benefit eligible property; (B) demolition of structures that is not response activity under
Part 201 of NREPA; (C) lead or asbestos abatement; and (D) site preparation that is not response
activity under Part 201 of NREPA.
The eligible activities expected for future development include the following:
1. Demolition: Certain existing structures will require demolition. In
addition, certain site improvements will be demolished in preparation of
site redevelopment. Demolition activities will include proper disposal of
non-reusable or non-recyclable building materials. This may include
items such as the removal of existing unusable site improvements, paving,
concrete, foundations, curbs, sidewalks, etc.
2. Infrastructure Improvements: Infrastructure improvements will include
water, storm sewer and sanitary sewer upgrades, street repair and
improvements to streets, sidewalks, curbs, streetscape improvements such
as benches, plants and landscaping, alternative storm water management
and traffic control and erosion control associated with these activities.
Eligible activities will include all eligible soft costs directly related to the
infrastructure improvement activities which includes design and
engineering fees.
3. Site Preparation: Various site preparation activities will be required
including staking, geotechnical engineering, clearing and grubbing,
construction access, construction facility, traffic control, erosion control,
site control, excavation of unstable material and to support underground
parking, special foundations, fill material, dewatering, land balancing,
grading, utility relocation, soil compaction and sub-base, cut & fill
operations and temporary sheeting/shoring. Eligible activities will include
all eligible soft costs directly related to the site preparation activities
which includes design, engineering and testing.
Page 4 of 8
4. Contingencies: A contingency of 15% on the eligible activities listed
above.
5. Past Environmental Expenses. Past environmental expenses may be
reimbursed to the extent authorized under the Act upon a showing of
proper documentation to the Authority.
6. Plan Preparation and Development: Reasonable cost for development and
preparation of the project brownfield plan and detailed work plan.
C. An estimate of the captured taxable value and tax increment revenues for
each year of the plan from each parcel of eligible property and in the aggregate.
(MCLA 125.2663(1)(c))
A sample estimate of the captured taxable value and tax increment revenues by year for
real property is attached as Schedule 1. The estimate is based on an assumption that the
investment will increase the taxable value to $50 million, reflecting a tan] investment in
excess of $100 million. This is intended as an example only. The actual amount will be
based on a proposed project.
D. The method by which the costs of the plan will be financed, including a
description of any advances made or anticipated to be made for the costs of the plan
from the municipality. (1V1CLA 125.2663(1)(d))
The costs of the Plan for the Property will be financed by a future developer, at which
time this Plan will be amended. Eligible costs will be reimbursed through tax increment
revenues generated from the Property. Tax increment revenues will be sought from local
tax capture and, if available, from school tax capture. The future developer will be
reimbursed for eligible activities pursuant to an executed development and
reimbursement agreement after amendment of this Plan and the generation of adequate
tax increment revenues.
E. The maximum amount of the note or bonded indebtedness to be incurred, if
any. (MCLA 125.2663(1)(e))
None.
F. The duration of the brownfield plan, which shall not exceed the lesser of (1)
the period required to pay for the eligible activities from tax increment revenues
plus the period of capture authorized for the local site remediation revolving fund
or (2) 35 years. (MCLA 125.2663(1)(f))
It is the Authority's intent to allow reimbursement up to the maximum period allowed in
the Act (MCLA 125.2663(1)(f)). The Authority currently intends to commence capture
and reimbursement in 2018. In addition, once all eligible costs are reimbursed, funds will
be captured for the county-wide local site remediation revolving fund.
G. An estimate of the impact of tax increment rmancing on the revenues of all
taxing jurisdictions in which the eligible property is located. (MCLA 125.2663(1)(0)
Page 5 of 8
Tabular estimates of the incremental tax increases are attached as Schedule 1.
IL A legal description of each parcel of eligible property to which the plan
applies, a map showing the locations and dimensions of each eligible property, a
statement of the characteristics that qualify the property as eligible property and a
statement of whether personal property is included as part of the eligible property.
(MCLA 125.2663(1)(h))
1. Legal Description: See attached Exhibit A.
2. Location and Site maps: See Exhibit A-2.
3. Characteristics of Property: The "eligible property" was historically used
as a drive-in theater dating back to the 1950s.
4. Personal Property: All new personal property is included as part of the
eligible property.
5. The Property is considered Eligible Property pursuant to the Act because it
is "functionally obsolete."
I. An estimate of the number of persons residing on each eligible property to
which the plan applies and the number of families and individuals to be displaced, if
any. (MCLA 125.2663(1)(i))
There are no persons residing on the Property.
J. A plan for establishing priority for the relocation of persons displaced by
implementation of the plan, if applicable. (MCLA 125.2663(1)0))
There are no persons are residing on the Property.
K. Provision for the costs of relocating persons displaced by implementation of
the plan, and financial assistance and other reimbursement of expenses, if any.
(UCLA 125.2663(1)(k))
There are no persons are residing on the Property.
L. A strategy for compliance with the Michigan Relocation Assistance Act, if
applicable. (MCLA 125.2663(1)(1))
There are no persons are residing on the Property.
M. A description of the proposed use of the local site remediation revolving
fund. (1V1CLA 125.2663(1)(m))
The Oakland County Brownfield Redevelopment Authority has established a Local
Site Remediation Revolving Fund (LSRRF). The LSRRF will consist of all tax
Page 6 of 8
increment revenues authorized to be captured and deposited in the LSRRF, as specified
in Section 13(5) of Act 381, under this Plan and any other plan of the Authority. It
may also include funds appropriated or otherwise made available from public or private
sources.
N. Other material that the authority or governing body considers pertinent.
(IVICLA 125.2663(1)(n))
Not Applicable.
9947405-2
Page 7 of 8
Exhibit A
Legal Description
A part of "Bloomfield Acres", a subdivision of part of the SW 1/4 of the NW 1/4 of Section 5, as
recorded in Liber 41, Page 49, Oakland County Records, and part of the West '/2 of Section 5,
and part of the NE 1/4 of Section 6, T. 2N., R. 10E., Bloomfield Township, Oakland County,
Michigan, being more particularly described as commencing at the West 1/4 corner of Section 5,
T. 2N., R. 10E.; thence N. 01° 51' 17" W., 702.26 feet to the point of beginning; thence N. 50°
14' 30" W., 200 .00 feet along the Northerly R.O.W. line of Telegraph Road (204 feet wide);
thence N. 39° 45' 30" E., 125.00 feet; thence S. 50° 14' 30" E., 89.66 feet; thence N. 01° 40'
30" W., 767.44 feet along the West line of said "Bloomfield Acres"; thence N. 87° 53' 00" E.,
1285.47 feet along the North line of said "Bloomfield Acres"; thence N. 87° 54' 49" E., 1136.23
feet; thence S. 05° 08' 58" E., 1227.51 feet; thence S. 04° 21' 42" E., 427.82 feet to the center of
said Section 5; thence S. 88° 13' 20" W., 1019.25 feet along the East and West 1/4 line of said
Section 5; thence N. 02° 02' 50" W., 496.39 feet; thence S. 88° 09' 40" W., 258.15 feet; thence
N. 71° 03' 18" W., 320.95 feet; thence S. 39° 45' 34" W., 188.74 feet; thence N. 50° 14' 30" W.,
353.09 feet; thence S. 39° 45' 34" W., 60.00 feet; thence S. 39° 45' 34" W., 300.00 feet; thence
N. 500 14' 30" W., 409.92 feet along the Northerly R.O.W. line of Telegraph Road (204 feet
wide) to the point of beginning.
2214 2015 $2,424,690 $2,424,860 92.424,660 82.424,683 $0 $0 0.2415 0.2148 0.5920 4.1900 0.2003 3.1687 1.5844 11.2737 1.4091 2.8153 1.0000 0.5000 18.0003 6.0002 51.1906 0.2415 0.2146 0.5900 4.1900 0.2003 3.1687 1.5544 11.2737 1.4091 2.6183 1.0200 0.5003 18.0000 6.0000 51.1906 1275u PIA4l1Or2014 Bloomfield Park TIF Schedule for Brownfield Pier Real Property improvements Cl; 2016 $2,424,680 $2,424,550 $0 2025 $2,424,6813 $55,492,246 $53,067,566 2026 $2,424,680 $56,324,629 $53,599,949 Base TV (2014) TV after improvemen0 Total Captured Taxable Capturable Miltagee Yearly Captured Tax Total Yearly Captured Taxes Cumulative Captured Taxes County Perk & Roc HCMA DC PTA County Operating OiS Allocated iS Voted °GC Voted CVT Operating CAP Imp Sanitation Library Seniors Services School Operating Slate Education Tax TOTAL MILAGE County Park & Reo HCMA OCPTA County Operating 015 Allocated 015 Voted OCC Voted CVT Operating CAP imp Sanitation Library Seniors Services School Operating State Education Tax Total Captured State Taxes $ Total Captured Local Taxes 2017 2018 $2,424,980 $2,424,680 62 424 680 850,000,000 $0 $47,575,320 0.2415 0.2146 0.5900 4.1909 0.2203 3.1657 1.5544 11.2737 1.4091 2.8183 1.0000 0.5000 18.0000 6.0000 51.1906 2019 $2,424,660 $50 750 000 $48,325,320 0.2416 02146 0,5900 4.1900 0.2003 3.1687 1.5844 11.2737 1.4091 2.8183 1.0000 0.5000 18.0300 6,0300 51.1906 2020 $2,424,680 $51.511,250 $49,086,570 0.2415 0.2146 0.5900 4.1900 0.2003 3.1687 1.5844 11.2737 1.4091 2.8183 1.0000 0.5000 18.0900 3.0300 51.1906 2021 2022 92,424,680 02,424,680 $52,283,919 $53,098,175 $49,855,239 $53,643,496 0.2415 0.2415 0.2143 0.2146 9.5900 0.5900 4.1902 4.1500 0.2003 0.2003 3.1687 3.1687 1.5844 1.5844 11.2737 11.2737 1.4091 1.4091 2.5183 2.8183 1.0000 1,0000 0,5000 0.5000 18.0000 18.0000 6.0000 6.0000 51,1906 51.1906 2023 2024 $2,424,680 92,424,6130 953.664.200 054,972,153 $51,439,520 $52,247,483 3.2415 0.2140 0.5900 4.1900 0.2003 3.1657 1,5844 11,2737 1.4091 2.8153 1.0030 0.5000 16.0000 6.00130 51.1906 51.1906 $0 $0 $0 $0 $0 $0 $D $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $O $0 $0 $0 $0 $13 $0 $0 $C $0 $0 $0 $0 $0 $0 $0 $0 5.2 - $o $0 $0 $o $0 $0 $o $0 $0 02415 0.2415 02146 0.2146 0,5930 0.5900 4.1930 4.1900 0.2003 0.2003 3.1667 3.1887 1.5844 1.5844 11.2737 11.2737 1.4091 1.4091 2.8183 2,13183 1,0000 1.0000 0.5000 0.5000 18.0000 18.0000 6.0000 6.0000 51.1906 51.1906 0.2415 0.2146 0.5900 4.1900 0.2003 3.16137 1.5844 11.2737 1.4091 2.8183 1.0000 0.5000 15.0000 6.3000 0,2415 0.2140 0.5903 4.1900 0.2003 3.1687 1.5844 11.2737 1.4091 2.8183 1.9000 0.5000 18.0000 6.0030 0.2415 0.2146 0.5900 4.1900 0.2003 3.1567 1.5544 11.2737 1.4091 7,8183 1.0000 0.5003 15.0000 6.9000 51.1906 51.1906 $0 $11,571 811,554 $12,041 $12,423 $12,618 $13,017 $10,700 $0 $10,371 $11,212 $0 $11,489 $28,512 $10,534 026,961 $$2190:888608 $$3101,304399 $30,826 $12,816 $$2180:028180 $0 $199,341 $202,483 $205,673 $11,3BB $$3111:850617 $215,532 $2113,917 $232321:335130 $225,841 $0 $9,660 :195,911170 $:::::: $$2100,,214440 $10,393 $10,465 $10,629 $10,795 $9,529 $15579,9959; $160,474 0162,996 $165,557 $168,155 $170,793 90 $150,752 $153,128 $15$66,554321 $0 $77,773 $78,997 $81,501 $84,060 $579,914 395:922 $598,266 $6:7::852 $0 $533765,335708 $5$4748,850657 $553,387 $562,098 $570,940 $0 $67,036 $70,257 $71,382 $72,483 873,622 $74,776 $0 $134,082 8$13668,019955 6$135B8,314691 $75,950 $144,972 $147,249 $149,560 $151,906 $140,518 $142,729 $0 $49,087 $51,440 $52,247 $53,900 $26,950 $0 $$4237:758786 $48,325 $24,163 $49.859 $869247:496390 $25,720 $26,124 $0 $856,356 $869,856 $8%243,555483 $$2550,364223 L $63,068 $925,911 $940,455 $955256,253164 $970,199 pir $285,452 $289,952 $294518 $299,155 9$395131,556831 $308,637 $313,485 9318,405 $323,400 - $ 1,141,1308 $ 1,159,808 $ 1,178,078 9 1,196,622 $ 1,215,444 8 1,234,546 $ 1,253,040 $ 1,273,622 $ 1,293,599 $0 $1,293,801 $1,313,994 $1,334,693 $1,355,703 $1,377,027 $1,398,871 $1,420,640 $1,442,939 $1,465,572 $0 $2,435,409 $2,473,802 $2,512,771 $2,552,324 $2,592,471 $2,633,220 $2,674,580 $2,716,561 $2,759,171 $0 $2435,400 $4,900,211 $7,421,952 $9,974,307 $12,566,778 $15,199,998 $17,874,578 $20,591,135 $23,350,309 (1) Real and Personal Properly Tax Capture is included but only real property lx shown In the prcOotions use to the unknown nature of personal property capture and tax abatements. g Assumes taxable value increases based on proposed construction ($50 million In 2018), plus 1.5% annual increases for inflallon thereafter (3) Assumes milieus rate remains the same Local Mi(age Ratio State ME!lege Ratio 0.56086545 0.43913455 628,243,272 Local Reimbursement $21,956,7213 State Reimbursement $50,200,000 Total Eligible Activities
0.2415 0,2140 0.5900 4.1930 0.2003 3.1667 1.6,944 11.2727 1.4091 2.5183 1.0000 0.5000 18.0000 6.0000 51.1906 0.2415 0.2146 0.5900 4.1900 0.2003 3.1687 1.5644 11.2737 1.4091 2.8183 1.0000 0.5000 18.0000 6.0000 51.1906 0,2415 0.2146 0.5900 4.1600 0.2003 3.1687 1.5044 11.2737 1.4091 2.8153 1.0000 0.5000 15.0000 6.0000 51.1906 0,2415 0.2146 0.5903 4.1900 0.2003 3.1687 1.5844 11.2737 1.4091 2.B1B3 1.0000 0.5000 16.0000 6.0000 51.1906 0,2415 0.2146 3.5900 4.1900 0.2003 3.1687 1.5844 11.2737 1.4091 2.B153 1.0000 0.5030 18.0000 6.0000 51.1905 0.2415 0.2146 0.5900 4.1900 0.2003 3.1567 1.5844 11.2737 1.4091 2.8183 1.0000 0.5000 16.0000 6.0000 51.1906 0.2415 0.2146 0.5900 4.1900 0.2003 3.1687 1.5544 11.2737 1.4081 2.6153 1.0000 0.5000 15.0000 6.0000 0.2415 0.2146 0.5900 4.1900 0.2003 3.1687 1.6844 11.2737 1.4091 2.6183 1.0000 0.5000 18.0003 6.0000 0.2415 0.2146 0.5900 4.1900 0.2033 3.1687 1.5844 11.2737 1.4091 2.8163 1.0000 0.5000 18.0700 6.0000 0.2415 0.2146 0.5900 4.1900 0.2002 3.1687 1.5844 11.2737 1.4091 2.5163 1.0000 0.5000 18.0000 6.0000 0.2415 0.2146 0.5900 4.1900 0.2002 3.1687 1.5844 11.2737 1.4091 2.8183 1.0000 0.5000 18.0000 6.0000 51.1306 0.2415 0.2146 0.5900 4.1000 0.2002 2.1687 1.5844 11.2737 1.4091 2.8163 1.0000 0.6000 18.0000 6.0000 51.1906 0.2415 0.2140 0.5900 4.1900 0.2003 3.1687 1.5844 11.2737 1.4091 2.8183 1.0000 0.5000 18.0000 6.0000 51.1906 51.1906 51.1906 51.1906 51.1906 513 FM4/10/2014 Bloomfield Park TIE Schedule for Brownfield Plan Real Properly Improvements M Base TV (2014) TV after linprovamentr4 Total Captured Taxable Capturable MIlineal') 2027 $2,424,680 $57 169 499 $54,744,519 2028 $2,424,680 $513,027,041 $55,602,361 2029 $2,424,650 $58.597.447 $56,472,767 2030 $2,424,550 559.750,909 557,356,229 2031 $2,424,650 $60,57i.622 $58,252,942 2032 $2,424,650 $61,557,757 $59,163,107 2033 $2,424,080 $62,511,603 $60,055,923 2034 $2,424,680 $63,449,277 $61,024,597 2035 2036 2037 2030 2039 $2,424,660 $2,424,660 $2,424,650 $2,424,650 $2,424,860 $84,401,017 $65,387,032 $66,347,537 $67,342,753 $58,352,592 $61,976,337 $62,942,352 $63,922,657 564,918,070 $65,928,212 County Park & Ran HCMA OGPTA County Operating OIS Allocated 019 Voted OCC Voted CVT Operating CAP Imp Sanitation Library Seniors Services School Operating State Education Tax TOTAL MILLAGE Yearly Captured Tax County Park & Rec $13,221 $13,428 $13,638 $13,652 $14,058 $14,28B $14,511 $14,737 $14,967 $15,201 $15,437 $15,575 $15,922 l-iCMA $11,748 $11,932 $12,119 $12,309 $12,501 $12,696 $12,895 $13,096 $13,300 $13,507 $13,716 $13,931 $14,148 OCPTA $32,299 $32,805 $33,319 $33,640 $34,369 $34,906 $35,451 $36,005 $36,566 $37,136 $37,714 $38,302 $38,898 County Operating $229,391 $232,974 $236,621 $240,323 $244,080 $247,893 $251,764 $255,693 $259,681 $253,725 $257,637 $272,007 $276,239 OTS Allocated $10,965 $11,137 $11,311 $11,456 $11,668 $11,850 $12,035 512,223 $12,414 $12,607 $12,804 $13,003 $12,205 OIS Voted $173,470 $176,187 $175,945 $161,745 $164,586 $187,470 $190,397 $193,399 $196,384 $199,445 $202,552 $205,706 $208,907 OCC Voted $98,738 $88,096 $89,475 $90,875 $92,296 $93,738 $95,202 $96,657 $98,195 $99,726 $101,279 $102,056 $104,457 CVT Operating $617,177 $626,844 $636,607 $646,617 $656,706 $666,987 $677,402 $887,973 $698,703 $709,593 $720,647 $731,867 $743,255 CAP Imp $77,141 $76,349 $79,576 $80,821 $02,084 $63,367 $84,668 $85,990 $87,331 $88,692 $90,074 $91,476 $92,899 Sanitation $154,287 5156,704 5159.157 $161,847 $164,174 $166,739 $169,343 $171,986 $174,668 $177,390 6100,154 $162,959 $155,805 Library $54,745 $55,602 $56,473 $57.356 $59,253 $59,163 $60,087 $61,025 $61,976 $62,042 $63,923 $04,918 $85,928 Seniors Services $27,372 $27,801 $28236 $28,678 $29,126 $29,582 $33,043 $30,512 $30,988 $31,471 $31,961 $32,459 $32,964 School Operating $985,407 $1,000,843 $1,016,510 $1,032,412 $1,048,553 $1,064,936 $1,081,565 $1,095,443 $1,115,574 $1,132,962 $1,150,611 $1,166,525 $1,186,708 State Education Tax $328 469 $333,614 5,.338 537 5344.137 5349.515 8354.979 5360,522 6365.148 9371.655 $377.654 6383 537 $389,508 $395,569 Total Captured State Taxes $ 1,313,876 $ 1,334,457 $ 1,365,346 $ 1,376,549 $ 1,396,071 $ 1,419.915 $ 1,442,086 $ 1,484,590 $ 1,487,432 $ 1,510,816 $ 1,534,149 $ 1,556,034 0 1,582,277 Total Captured Local Taxes $1,488,544 $1,511,062 $1,535,528 $1,559,550 $1,583,932 $1,508,6130 $1,633,799 $1,659,295 $1,665,174 $1,711,440 $1,738,101 $1,765,101 $1,792,628 Total Yearly Captured Taxes $2,802,420 $2,846,315 $2,590,575 62,936,100 $2,882,003 $3,028,595 $3,075,886 $3,123,886 03,172,606 53,222,057 $3,272,249 $3,323,195 $3,374,905 Cumulative Captured Taxes $26,152,729 $25,999,047 $31,859,922 , $34,826,022 $37,538,025 $40,836,620 $43,912,505 $47,036,391 $50,205,997 $53,431,054 $56,703,303 $60,026,498 $63,401,403 (1). Real and Personal Property Tax Capture is Included but only real property Is shown In the projectIons due to the unknown nature of personal property capture and tax abatements. (2) Assumes taxable value increases based on proposed construction ($50 million in 2016), plus 1.5% annual Increases tor Inflation thereafter (3) Assumes mIllage rate remains the same
12,56PM4M012014 Bloomfield Park TIE Schedule for Brownfield Plan County Park & Rec HCMA OGPTA County Operating 018 Allocated OIS Voted OGG Voted GVT Operating CAP Imp Sanitation Library Seniors Services School Operating Slate Education Tax TOTAL tfilLLAGE 2040 $2,424,580 $69 375,185 $66,953,505 0.2415 0.2146 0.5900 4.1900 0.2003 3.1887 1.5544 11.2737 1.4091 2.8183 1.0003 0.5000 18.2000 6,0000 51.1900 2041 $2,424,600 $70.418,855 $57,994,178 02415 0.2146 0.5900 4.1900 0.2003 3.1687 1.5844 11.2737 1.4051 2.8183 1.0000 0.5000 18.0000 6.0000 51.1906 2042 $2,424,680 $71,475,141 869,050,461 0.2415 0.2146 0.5500 4.1900 0.2003 3.1657 1.5844 11.2737 1.4091 2.5183 1.0000 0.5000 15.0000 5.0000 51.1906 2043 $2,424,680 $72,547,268 $70,122,588 0.2415 3.2145 0.5900 4.1500 0.2003 3.1587 1.5844 11.2737 1.4091 2.B183 1.0000 0.5000 18.0009 5.0000 51.1905 2044 $2,424,680 $73.635,477 $71,210,797 0.2415 0.2146 0.5900 4.1900 0.2003 3.1587 1.5844 11,2737 1.4091 2,131133 1.0000 0.5000 18.0000 6.0000 51.1906 2045 $2,424,650 $74,743,009 $72,315,329 0.2415 0.2146 0.5903 4.1900 02003 3.1687 1.5844 11.2737 1.4091 2.5183 1.0000 0.5000 18.0900 5.0000 2046 $2,424,650 $75,561,109 $73,435,429 0.2415 0.2146 0.5909 4.1900 0.2003 3.1657 1.5044 11.2737 1.4091 2.8183 1.0000 0,5000 18.0000 6.0000 2047 $2,424,580 $76 999.026 $74,574,345 0.2415 0.2146 0.5900 4.1902 0.2003 3.1687 1.5844 11.2737 1.4091 2.8180 1.0000 0.5000 18.0000 6.0000 51.1906 51.1908 51.1906 Real Property improvements °) Bees TV (2014) TV after Improvement* Total Captured Taxable Capturable M11la9es131 Yearly Captured Tax County Park & Rec 516,169 816,421 $16,676 $16,936 $17,197 $17,464 $17,735 $18,010 HCMA 514,358 $14,592 $14,818 $15,046 $15,282 $15,510 $15,759 $16,004 OOPTA $39,503 $40,117 $40,740 $41,372 $42,014 542,666 $43,327 $43,999 County °pratM9 $250,535 $284,896 $259,321 $293,814 $298,373 $303,091 $307,699 $312,467 MS Allocated $13,411 $13,519 $13,831 $14,046 $14,264 $14,485 $14,700 $14,937 OIS Voted $212,155 $216,453 $218,800 $222,107 $225,646 $229,146 $232,698 $236,304 OCC Voted $106,081 $107,730 $109,404 $111,102 $112,826 $114,576 $116,353 $118,156 CVT Operating $754,814 $756,546 $778,454 $790,541 $802,809 $815,261 $827,900 $840,729 CAP Imp $94,344 $95,811 $97,299 $98,810 $100,343 $101,900 $103,479 $105,083 Sanitation $188,595 $191,625 $194,605 $197,526 $2011.593 $203,506 $205,966 $210,173 Library $66,954 $67,994 669,050 $70,123 $71,211 $72.315 $73,436 $74,574 Seniors Services $33,477 $33,997 $34,526 $35,061 $35,605 $35,158 $36,718 $37,287 School Operating $1,205,153 $1,223,805 $1,242,908 $1,262,207 $1,281,794 $1,301,575 $1,321,856 $1,342,338 State Education Tax $401.721 $407,965 $414,303 $420,736 $427,265 $433,892 $440,519 $447,446 Totals Total Captured State Taxes $ 1,006,684 $ 1,631,860 $ 1,657,211 $ 1,552,942 $ 1,709,059 $ 1,735,560 $ 1,762,474 $ 1,759,784 $43,300,648 Total Captured Local Taxes $1,520,505 $1,848,802 $1,877,523 $1,906,675 $1,935,264 $1,955,297 $1,996,751 $2,027,721 $49,057,108 Total Yearly Captured Taxes $3.427,390 $3,480,683 $3,534,735 $3,589,617 $3,645,323 $3,701,865 $3,759,255 $3,517,505 $62,357,758 Cumulative Captured Taxes $56,525,793 $70,309,455 $73,844,190 $77,433,808 $61,079,131 $54,780,996 $58,540,251 $52,357,766 (1) Real and Personal Property Tax Capture Is included but only real property Is shown In the projections due to the unknown nature of personal property capture and tax abatements. (2) Assumes taxable value increases based on proposed construction ($50 million in 2018), plus 1.5% annual Increases for Inflation thereafter (3) Assumes millaga rate remains the same
Resolution #14135 June 11,2014
Moved by Weipert supported by Jackson the resolutions (with fiscal notes attached) on the Consent
Agenda be adopted (with accompanying reports being accepted).
AYES: Dwyer, Gershenson, Gingell, Gosselin, Hatchett, Hoffman, Jackson, Long, Matis,
McGillivray, Middleton, Scott, Spisz, Taub, Weipert, Woodward, Zack, Crawford. (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).
ir/;a/ y
I HEREBY APPROVE THIS RESOLUTION
CHIEF DEPUTY COUNTY EXECUTIVE
ACTING PURSUANT TO MCL 45.559A (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 June 11,2014,
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 1 th day of June 2014.
Lisa Brown, Oakland County