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HomeMy WebLinkAboutResolutions - 2015.04.02 - 21775MISCELLANEOUS RESOLUTION #15090 April 2, 2015 BY: Finance Committee, Tom Middleton, Chairperson IN RE: BOARD OF COMMISSIONERS — PROPOSED CITY OF BIRMINGHAM CORRIDOR IMPROVEMENT AUTHORITY TAX CAPTURE-"OPT OUT" To the Oakland County Board of Commissioners Chairperson, Ladies and Gentlemen: WHEREAS the Oakland County Board of Commissioners strongly supports the economic growth of Oakland County; and WHEREAS one of the tools used to promote economic growth is Tax Increment Financing used in conjunction with Corridor Improvement Authorities (C1As); and WHEREAS to review requests from the County's cities, villages and townships to establish DDAs, CIAs and LDFAs, the Board of Commissioners, pursuant to Miscellaneous Resolution #15056, updated the Policy for the Tax Increment Financing (TIE) District Review Policy Ad Hoc Committee (TIF Review Committee) to consider when evaluating and making recommendations to the Finance Committee on the County's participation in these proposed authorities; and WHEREAS the City of Birmingham ("City") held a public hearing on March 16, 2015, to present its CIA development and Tax Increment Financing Plan ("T1F Plan"); and WHEREAS Public Act 280 of 2005 permits the governing body of a taxing jurisdiction subject to capture to exempt its taxes from capture within 60 days after the City's public hearing; and WHEREAS faced with the legal mandate that the County act on the issue of tax capture exemption within 60 days of the March 16, 2014, the TIF Review Committee recommends to the Finance Committee that the County exempt its taxes from capture by the Birmingham CIA; and WHEREAS the TIF Review Committee will study a proposal from Birmingham and may determine later if it should recommend that the County, through its Corporation Counsel, attempt to negotiate a contract with Birmingham. NOW THEREFORE BE IT RESOLVED that pursuant to Section 18 of Public Act 280 of 2005, as amended, MCL 125.2888(5), the Oakland County Board of Commissioners hereby exempts its taxes from capture by the Birmingham CIA for the proposed TIF Plan. BE IT FURTHER RESOLVED that if the County determines later that it is advisable to opt-in to the CIA, and if a contract is successfully negotiated, the County may revise its decision to exempt its taxes from capture by the CIA. BE IT FURTHER RESOLVED that the Board of Commissioners requests the County Clerk send a signed copy of this Resolution to the Clerk of the City of Birmingham. Chairperson, on behalf of the Finance Committee, I move the adoption of the foregoing resolution. FINANCE COMMITTEE VOTE: Motion carried on a roll call vote with Taub voting no. Resolution #15090 April 2, 2015 Moved by Middleton supported by Woodward the resolution be adopted. Discussion followed. AYES: Gershenson, Gingell, Gosselin, Hoffman, Jackson, Long, Matis, McGillivray, Middleton, Quarles, Scott, Spisz, Weipert, Woodward, Zack, Bowman, Crawford, Fleming. (18) NAYS: Taub. (1) A sufficient majority having voted in favor, the resolution was adopted. I HEREBY APPROVE THIS RESOLUTION CHIEF DEPUTY COUNTY EXECUTIVE ACTING PURSUANT TO MCL 45.559A (7) (L) V69T9t 100101 iNVilailld ONI.LOV 3Aus13ax3 AINnoo Alfid30 A3IHO NOwroctilH CII41APHAriVi1/41931:1aH I STATE OF MICHIGAN) COUNTY OF OAKLAND) 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 April 2, 2015, 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 2nd day of April 2015. l!invirr, Oakland County