HomeMy WebLinkAboutResolutions - 1994.06.23 - 24142Mr. Chairperson, I move
MISCELLANEOUS RESOLUTION #94208
- BY: Lawrence P. Obrecht, Commissioner District 43
IN RE: DRAIN COMMISSIONER -- BUNNY RUN LAKE LEVEL
SPECIAL ASSESSMENT ROLL
To the Oakland County Board of Commissioners
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS, the Inland Lake Level Act, Act 146 of the Public
Acts of 1961, provides for the determination, establishment and
maintenance of the normal height and level of the waters of
inland lakes; and
WHEREAS, petitions were filed with the Oakland County Board
of Commissioners in 1988 to establish the level of Bunny Run
Lake, located in the Charter Township of Orion, pursuant to the
provisions of said Inland Lake Level Act 146 of 1961; and
WHEREAS, the Oakland County Board of Commissioners by the
adoption of Miscellaneous Resolution No. 90133 on August 30, 1990
authorized the advance of funds for the construction of the Bunny
Run Lake dam, with the advance to be repaid with interest from a
special assessment roll; and
WHEREAS, the Oakland County Board of Commissioners by the
adoption of Miscellaneous Resolution No. 90263 on November 8,
1990, directed the Oakland County Drain Commissioner to prepare
• for adoption and confirmation in July, 1991 a special assessment
roll for the repayment of the funds advanced with interest; and
WHEREAS, the Oakland County Board of Commissioners by the
adoption of Miscellaneous Resolution No 91148 did assess and levy
the amount of $290,089 which aggregate sum represents the total
amount of the assessments due from the Charter Township of Orion
and all of the owners of reAl property within the special
assessment district benefiting from for the establishment of a
lake level and dam for Bunny Run Lake, and
WHEREAS, said special assessment roll provided for the
collection of interest at the rate of 7.44 96- annually, pursuant to
Miscellaneous Resolution No. 89276, which sets such loan rates at
the current 6-month Treasury Bill rate, and
WHEREAS, consistent with the •xop in Treasury Bill Rates
it is fitting and appropriate that the Board of Commissioners
adjust the interest rate for the property owners in the Bunny Run
Lake special Assessment District to the current 6-month Treasury
Bill Rate.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board
of Commissioners hereby directs the Drain Commissioner to adjust
downward the annual interest rate charged to the Bunny Run Lake
Special Assessment District to the current 6-Month Treasury Bill
Rate of 4.55 96- on the remaining aggregate balance still to be
collected, which is approximately $80,000.
BE IT FURTHER RESOLVED, that any resolutions, whether whole
or in part, in conflict herewith, are hereby rescinded.
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LAW CEP. OBRECHT, DIST': #3