HomeMy WebLinkAboutResolutions - 1994.02.10 - 24062February 10, 1994
MISCELLANEOUS RESOLUTION #94010
BY: FINANCE COMMITTEE, JOHN P. MCCULLOCH, CHAIRPERSON
IN RE: DEPARTMENT OF COMPUTER SERVICES - FRIEND OF THE COURT
IMAGING EXPANSION
To the Oakland County Board of Commissioners
Chairperson, Ladies and Gentlemen:
WHEREAS the Friend of the Court is requesting forty (40)
additional imaging workstations and nine (9) additional laser
printers to increase staff productivity; and
WHEREAS the State of Michigan has agreed to reimburse Oakland
County through the Cooperative Reimbursement Program Contract for
the annual rental from Computer Services of the additional
equipment, and the additional revenue is included in the 1994/95
Biennial Budget; and
WHEREAS Computer Services estimates the start-up costs to be
$381,092 for capital, $20,090 for start-up expenses, and $50,000
for development provided by Computer Services staff; and
WHEREAS the net increase in Computer Services operating
expense is estimated to be $74,354 for 1994 and $96,565 for 1995,
which includes an offset from 27 mainframe terminals that will be
replaced; and
WHEREAS the increased operating expense will be offset further
by a reduction of 20 typewriters rented through the Equipment Fund
for savings of $3,600 in 1994 and $4,320 in 1995; and
WHEREAS a loan is requested from the Delinquent Tax Revolving
Fund (DTRF) in the amount of $381,092 for the capital investment to
be repaid over a five-year period; and
WHEREAS interest expense is estimated to be $14,450 for 1994
and $13,021 for 1995; and
WHEREAS funds for start-up expenses, annual operating costs,
and interest expense is available in the non-departmental reserve
account for office automation.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of
Commissioners authorizes the Chairperson of the Board to execute
the attached Borrowing Agreement in the amount of $381,092 with the
County Treasurer as agent of the DTRF.
BE IT FURTHER RESOLVED that principal and interest payments
made to the DTRF in repayment of this agreement will be accounted
for in the Computer Services Operations Fund, fund #63600.
BE IT FURTHER RESOLVED that the 1994/95 Biennial Budget is
amended as follows:
1994 1995
Governmental Funds
Expenditures
10100-909-01-00-9920 Office Automation $(105,294) $(105,266)
21500-312-01-00-6366 Imaging Operations 108,894 109,586
21500-312-01-00-6640 Equipment Rental ( 3,600) ( 4,320)
TOTAL 0 0
Computer Services Fund (63600)
Revenue
181-01-00-2037 Gov't. Operations $ 108,894 $ 109,586
Subtotal $ 108,894 $ 109,586
Expense
184 -01 -00 -3304 Depreciation $( 4,500) $( 5,400)
184-01-00-3342 Maintenance 900) ( 1,080)
184-01-00-3418 Interest Expense 14,450 13,021
185 -01 -00 -3304 Depreciation 79,394 95,273
185 -01 -00-3342 Maintenance 360 7,772
185-01-00-4905 Parts & Accessories 20,090
Subtotal $ 108,894 $ 109,586
TOTAL 0 10
Chairperson, on behalf of the Finance Committee, I move the
adoption of the foregoing resolution.
FINANCE COMMITTEE
7/K
••p\IG RESOLUTION
IV o Date
REVOLVING FUND BORROWING AGREEMENT
WHEREAS the County of Oakland is desirous of borrowing monies
from the Oakland County Delinquent Tax Revolving Fund, and
WHEREAS the Delinquent Tax Revolving Fund Agent has determined
sufficient monies are available to loan to the County,
THEREFORE, in consideration of agreements setforth below it is
hereby agreed by and between the parties as follows:
The County will borrow the principal sum of $381,092 from the
Delinquent Tax Revolving Fund to be paid back in annual
principal and interest payments not to exceed five (5) years.
Said payments shall be deducted from the annual Revolving Fund
distribution made to the County on or about June 1st of each
year. Interest on each payment will be based on the average
monthly rate paid during the term of this agreement by the
agent of the Delinquent Tax Revolving Fund for that year's
outstanding borrowing. The schedule of principal payments
will be:
Year Principal
1 $ 76,218
2 76,218
3 76,218
4 76,218
5 76,220
Total $ 381,092
It is further agreed that the County may pay off the loan at
any time plus accrued interest without penalty.
Agent for Revolving Fund Chairperson
Board of Commissioners
Resolution #94010 February 10, 1994
Moved by McCulloch supported by Kingzett the resolution be adopted.
AYES: Garfield, Gosling, Huntoon, Jensen, Johnson, Kaczmar, Kingzett, Law,
McCulloch, McPherson, Miltner, Moffitt, Oaks, Obrecht, Palmer, Pernick, Powers,
Price, Schmid, Taub, Wolf, Aaron, Crake, Dingeldey, Douglas. (25)
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 February 10, 1994 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 10th day orlebruary 1994.
Lynli D. Allen, Coil