HomeMy WebLinkAboutResolutions - 1993.03.04 - 23158March 4, 193
MISCELLANEOUS RESOLUTION #93024
BY: Finance Committee - John P. McCulloch, Chairperson
IN RE: BOARD OF COMMISSIONERS - CONTRACTS OR AGREEMENTS TO
PURCHASE LAND, PROPERTY AND EQUIPMENT WITH INSTALLMENT PAYMENTS
To the Oakland County Board of Commissioners
Chairperson, Ladies and Gentlemen:
WHEREAS Oakland County enters into a myriad of contracts
with various vendors and contractors during the course of regular
business operations; and
WHEREAS it is occasionally beneficial for the county to
purchase such land, property or equipment through lease purchasing
agreements, bank financing or other forms of installment payment
contracts; and
WHEREAS Michigan State Statute MCL 46.11b(1) provides
that a county, by resolution of the county board of commissioners,
may enter into such contracts and agreements to purchase land,
property and equipment,
NOW THEREFORE BE IT RESOLVED that all lease purchase
agreements or other contracts requiring installment payments for
the purchase of land, property or equipment shall be submitted to
the Oakland County Board of Commissioners for approval of the
contract language, terms, conditions and for authority to execute
such contracts as required by State Statute MCL 46.11b(1).
BE IT FURTHER RESOLVED that upon approval by the Board of
Commissioners of such contracts, the Board shall appropriate in its
budget sufficient sums each year to meet the installment payments,
including interest and principal, as required by State Statute MCL
46.11b(3).
On behalf of the Finance Committee, I move the adoption
of the foregoing resolution.
FINANCE COMMITTEE
Resolution #93024 March 4, 1993
Moved by McCulloch supported by Palmer the resolution be adopted.
AYES: Garfield, Huntoon, Jensen, Johnson, Kaczmar, Kingzett, Law, McCulloch,
McPherson, Miltner, Oaks, Obrecht, Palmer, Pernick, Powers, Schmid, Taub, Wolf,
Aaron, Crake, Douglas. (21)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was adopted.
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Lynn D. Allen, 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 4, 1993 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 4th day of Mar0 1993.
Lynn D. ATleh, County CVeINR