HomeMy WebLinkAboutResolutions - 1993.10.07 - 23910MISCELLANEOUS RESOLUTION NO. 93223 October 7, 1993
RE:
ECONOMIC DEVELOPMENT DIVISION APPROVAL OF PROJECT PLAN
(MOLMEC-RAYMOND FASTENER COMPANY)-CITY OF ROCHESTER HILLS
BY: PLANNING & BUILDING COMMITTEE, CHARLES PALMER, CHAIRPERSON
TO: THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Chairperson, Ladies and Gentlemen:
WHEREAS, The Economic Development Corporation of the County
of Oakland (the "EDC") has recommended that this Board of
Commissioners approve the Project Plan required by the Economic
Development Corporations Act, Act No. 338 of the Michigan Public
Acts of 1974, as amended (the "Act") for the Molmec-Raymond
Fastener Company Project, a copy of which Project Plan is
attached hereto as Exhibit A (the "Project Plan"); and
WHEREAS, the EDC's recommendation to this Board of
Commissioners was based upon its determinations that the Project
is reasonable and necessary to effectuate the purposes of the
Act, that the Project Plan prepared in connection with the
Project satisfies all of the requirements of Section 8 of the Act
regarding project plans, that the persons who will be active in
the management of the project for at least one (1) year after the
projected date of the County Board of Commissioner's approval of
the Project Plan will have sufficient ability and experience to
manage the Plan properly, and that the proposed method of
financing the Project is feasible and a credit enhancer's
commitment has been obtained; and
WHEREAS, the governing body of the City of Rochester Hills,
Oakland County, Michigan, will place approval of the Project Plan
on its October 20, 1993 meeting agenda; and
WHEREAS, on September, 23, 1993, this Board of
Commissioners held a public hearing to consider whether the
Project Plan constitutes a public purpose as contemplated by the
Act; and
WHEREAS, this Board of Commissioners, following such public
hearing and its review of the Project Plan, concurs in the
determinations of the EDC with respect thereto;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
COMMISSIONERS OF THE COUNTY OF OAKLAND, as follows:
1. The Project Plan, in the form attached hereto as
Exhibit A, is hereby determined to constitiltP A public purpose AR
contemplated by the Act.
2. The Project Plan is hereby approved, contingent upon
the aforementioned approval of the governing body of the City of
Rochester Hills.
3. The EDC is hereby authorized to take such steps as are
necessary to implement the Project and the financing thereof by
the issuance of revenue bonds or notes.
4. The County Clerk is hereby directed to provide four
certified copies of this resolution to the Assistant Secretary of
the Board of the EDC.
Mr. Chairperson, on behalf of the Planning and Building
Committee, I move adoption ovf the forewinl—resplution.
ANNING AND BUILDING COMMITTEE
ATTACuMENT .A
57836
DEED C
KNOW ALL MEN BY THESE PRESENTS that ROCHESTER HILLS
EXECUTIVE PAR, a Michigan joint venture, consisting of New
England Life Insurance Company, a Massachusetts corporation and
RHEP Limited Partnership, a :iichigan limited partnership, whose
address is Suite 600, 850 Stephenson Highway, Troy, Michigan
48083, does hereby convey, grant, remiss, alien and confirm to
MOLMEC-RAYMOND FASTENER COMPANY, a Michigan co-partnership,
whose address is 3091 Research Drive, Rochester Hills, Michigan
48309, the following described premises situated in the City
of Rochester Hills, County of Oakland, and State of Michigan,
to wit:
,Parcel A: Lots 1.4 and 15, also the West
44.91 feet of Lot 16 of Ro'chester Hills
Executive Park, according to the plat
thereof recorded in Liber 199 of Plats, Pages 26, 27, 28, 29 and 30, Oakland County
Records, and
Parcel 13: Lot 16 except the West 44.91 feet
and also the West 95.71 feet of Lot 17 of
Rochester Hills Executive Park according to
the plat thereof recorded in Liber 199 of
Plats, Pages 26, 21, 28 0 29 and 30, Oakland
County Records,
together with all and singular the tenemcnts, hcreditaments and
appurtenances thereunto belonging or in anywize appartaining,
for the sum of One Dollar ($1.00) and other valuable
consideration. Subject to all zoning ordinances, building
restrictions, easements and rights of way of record.
Grantor herein does hereby covenant and pee thc.t the
grantor has not heretofore done, co—itted or wittingly or
willingly suffered to be done or, committed, any act, mattu or
thing whatsoever, whereby the premises hereby granted, or any
part thereof, is, shall or may be charged or encumbered in
title, estate or otherwise.
D7ti'd this J.,1!/4r, day of March, 1993.
Resolution #93223 October 7, 1993
Moved by Palmer supported by Garfield the resolution be adopted.
AYES: Kingzett, Law, McCulloch, McPherson, Miltner, Moffitt, Oaks, Obrecht,
Palmer, Pernick, Powers, Schmid, Taub, Wolf, Aaron, Crake, Dingeldey, Douglas,
Garfield, Gosling, Huntoon, Jensen, Johnson, Kaczmar. (24)
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 c'ertify that the
foregoing resolution is a true and accurate copy of a resolution adopted by the
Oakland County Board of Commissioners on October 7, 1993 with the original record
thereof now remaining in my office.
In Testimony Whereof, I have hereunto set my hand and ffixed the se:1 rf the
County of Oakland at Pontiac, Michigan this 7th day of (DAr
Lynn'D. Allen, County Clerk