Loading...
HomeMy WebLinkAboutResolutions - 2016.07.20 - 22462MISCELLANEOUS RESOLUTION #15193 BY: Commissioner Eileen KowaII, District #6 IN RE: CHARTER TOWNSHIP OF WHITE LAKE — REQUEST FOR $148,000 LOAN FROM THE LONG TERM REVOLVING FUND FOR THE CONSTRUCTION OF THE GRASS LAKE AUGMENTATION WELL To the Oakland County Board of Commissioners Chairperson, Ladies and Gentlemen: WHEREAS Grass Lake is an inland lake located in the Charter Township of White Lake, County of Oakland, State of Michigan; and WHEREAS pursuant to Part 309 of the Michigan Natural Resources and Environmental Protection Act, 1994 RA. 451, as amended, MCL 324.30901 et seq, a Lake Improvement Board for Grass Lake was established for the purpose of undertaking improvements to Grass Lake; and WHEREAS the Lake Improvement Board has determined that the construction of an augmentation well is necessary for the protection of the health safety and welfare of the public, to protect the natural resources of the State, and to protect the value of properties around the lake; and WHEREAS following a Public Hearing, the Lake Improvement Board approved and confirmed a Special Assessment roll for the Grass Lake Augmentation Well project; and WHEREAS the County Board of Commissioners, pursuant to Miscellaneous Resolution No. 02019 on February 21, 2002, established a Long-Term Revolving Fund to advance funding for lake level control projects for the protection of the health safety and welfare of the public, to protect the natural resources of the State, and to protect the value of properties around lakes; and WHEREAS Miscellaneous Resolution No. 02019 authorized loans up to $150,000; and WHEREAS the total cost estimate of the project is $148,000 which includes administration, legal proceedings, design, and installation of the augmentation well; and WHEREAS the Charter Township of White Lake has established a special assessment district in accordance with 1954 P.A. 188, as amended and agrees to pledge its full faith and credit of the Township for the prompt repayment of the principal and interest of the loan from the County; and WHEREAS pursuant to Section 30922 of Part 309, the Lake Improvement Board is authorized to collect special assessments to defray the costs of any improvement made under Part 309; and WHEREAS in order to pay for the initial costs associated with the administration, legal proceedings, design and installation of the augmentation well, the Township requests a loan from the Long-Term Revolving Fund in the amount of $148,000 with the understanding that the Township agrees to pay back the County over a period of 10 years. NOW THEREFORE BE IT RESOLVED by the Board of Commissioners of the County of Oakland, Michigan as follows: 1. The County Board of Commissioners hereby authorizes a loan not to exceed $148,000 from the County's Long-Term Revolving Fund to the Charter Township of White Lake with an annual interest rate to be determined in accordance with County policy at the time the funds are disbursed for the costs associated with the administration, legal proceedings, design and installation of the augmentation well for Grass Lake. 2. The loan shall be applied to all costs for administration, legal proceedings, design and installation of the augmentation well. 3. The loan with applicable interest shall be paid in full and shall be assessed against the Township in ten (10) annual installments beginning at a time that will be determined at a future date. 4. The Chairperson is authorized to execute an agreement between the County and the Charter Township of White Lake in the form recommended and approved by Corporation Counsel with terms and conditions necessary for the repayment of the loan provided herein. Chairperson, I move the adoption of the foregoing Resolution. Commissioner Eileen KowaII District #6 Commissioner Commissioner District # District # Commissioner District # Commissioner District # Commissioner District # Commissioner District # Commissioner District # Cornmissioner District* Commissioner District* Commissioner District # Commissioner District # Commissioner District # Commissioner District # Commissioner District # Commissioner District* Commissioner District # Commissioner District # Commissioner District # Commissioner District # Commissioner District # Commissioner District # Commissioner District # Commissioner District # Commissioner District # Commissioner District # Commissioner District # Commissioner Commissioner District # District # Resolution #16193 July 20, 2016 Commissioner Middleton, Acting Chairperson referred the resolution to the Planning and Building Committee, and the Finance Committee There were no objections.