HomeMy WebLinkAboutResolutions - 1994.03.23 - 24180Miscellaneous Resolution # 94070 March 24 , 1994
BY: PLANNING & BUILDING COMMITTEE
CHARLES E. PALMER, CHAIRPERSON
IN RE: RESOLUTION TO APPROVE REVISED ESTIMATE OF COST OF
WEST BLOOMFIELD WATER SUPPLY SYSTEM SECTION XIII,
TO ESTABLISH WEST BLOOMFIELD WATER SUPPLY SYSTEM
SECTION XIV AND APPROVE CONTRACT, AND TO AUTHORIZE
THE ISSUANCE OF BONDS
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS, the County of Oakland (the "County") here-
tofore has established the West Bloomfield Water Supply
System (the "System") pursuant to the provisions of Act
No. 185, Public Acts of Michigan, 1957, as amended, and has
acquired and constructed several sections of the System
pursuant to contracts between the County and the Charter
Township of West Bloomfield (the "Township"); and
WHEREAS, the County and the Township have entered
into the West Bloomfield Water Supply System XIII Contract
dated as of August 1, 1990 (the "Section XIII Contract")
relative to the acquisition and construction of the West
Bloomfield Water Supply System XIII at an estimated cost of
$680,000; and
WHEREAS, a revised estimate of the cost of the West
Bloomfield Water Supply System Section XIII in the amount of
$861,952.00 has been prepared and presented to this Board of
Commissioners and has been approved by the Township Board of
the Township; and
WHEREAS, it is now necessary to improve, enlarge
and extend the System by the acquisition and construction of
Section XIII and the hereinafter described West Bloomfield
Water Supply System Section XIV; and
WHEREAS, by the terms of Act 342, Public Acts of
Michigan, 1939, as amended ("Act 342"), the County and the
Township are authorized to enter into a contract for the
acquisition, construction and financing of the West
Bloomfield Water Supply System Section XIV consisting of
water supply facilities to serve the Township and for the
payment of the cost thereof by the Township, with interest,
and the County is then authorized to issue its bonds to
provide the funds necessary therefor; and
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WHEREAS, there has been submitted to this Board of
Commissioners a proposed contract between the County, by and
through the County Drain Commissioner, County Agency, party
of the first part, and the Township, party of the second
part (the "Section XIV Contract"), which provides for the
acquisition, construction and financing of the West
Bloomfield Water Supply System Section XIV, and which Con-
tract is hereinafter set forth in full; and
WHEREAS, there also have been submitted for
approval and adoption by this Board of Commissioners, pre-
liminary plans, specifications and estimates of the cost and
period of usefulness of the West Bloomfield Water Supply
System Section XIV.
THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMIS-
SIONERS OF OAKLAND COUNTY, MICHIGAN, as follows:
1. REVISED ESTIMATE OF COST AND EXTENSION OF TIME
TO ISSUE BONDS - SECTION XIII. The revised estimate of
the cost of the West Bloomfield Water Supply System Section
XIII in the amount of $$61,952.00, as presented to this
Board of Commissioners, is approved and adopted. As
required by Section 13 of the Section XIII Contract, this
Board of Commissioners hereby agrees that the period for
issuance of bonds shall be extended to January 1, 1995.
2. ESTABLISHMENT OF SYSTEM AND DESIGNATION OF
COUNTY AGENCY - SECTION XIV. This Board of Commissioners by
majority vote of its members-elect hereby authorizes and
directs that there be established, and there hereby is
established, under and pursuant to Act 342, a system of
water supply facilities to be known as the "West Bloomfield
Water Supply System Section XIV," which shall consist of
water supply facilities to serve the Township as specified
and to be located as shown in Exhibit A to the Section XIV
Contract; that the Oakland County Drain Commissioner is
designated and appointed as the "County Agency" for the West
Bloomfield Water Supply System Section XIV; that the County
Agency shall have all the powers and duties with respect to
the West Bloomfield Water Supply System Section XIV as are
provided by law and especially by Act 342; and that all
obligations incurred by the County Agency with respect to
the West Bloomfield Water Supply System Section XIV, unless
otherwise authorized by this Board of Commissioners, shall
be payable solely from funds derived from the Township in
accordance with the Contract.
3. PLANS AND SPECIFICATIONS - ESTIMATES OF PERIOD
OF USEFULNESS AND COST - SECTION XIV. The preliminary plans
and specifications for the West Bloomfield Water Supply
System Section XIV and the estimates of $3,054,562.68 the
cost thereof and of 30 years and upwards as the period of
usefulness thereof, as submitted to this Board of
Commissioners, be and the same are approved and adopted.
4. APPROVAL OF CONTRACT - SECTION XIV. The West
Bloomfield Water Supply System Section XIV Contract dated as
of March 1, 1994 between the County, by and through the
County Drain Commissioner, County Agency, party of the first
part, and the Township, party of the second part, which
Contract has been submitted to this Board of Commissioners,
be and the same is approved and adopted, and the County
Drain Commissioner is authorized and directed to execute and
deliver the same for and on behalf of the County, in as many
counterparts as may be deemed advisable, after the Contract
has been executed by the appropriate officials of the Town-
ship. The Contract reads as follows:
WEST BLOOMFIELD WATER SUPPLY SYSTEM
SECTION XIV CONTRACT
THIS CONTRACT, made and entered into as of the first day
of March, 1994 and between the COUNTY OF OAKLAND, a county
corporation in the State of Michigan (hereinafter sometimes
referred to as the "County"), by and through its Drain
Commissioner, County Agency, party of the first part, and the
CHARTER TOWNSHIP OF WEST BLOOMFIELD, a charter township located
in the County (hereinafter sometimes referred to as the
"Township"), party of the second part.
WITNESSET H:
WHEREAS, the County has established the West Bloomfield
Water Supply System (the "System") pursuant to the provisions of
Act No. 185, Public Acts of Michigan, 1957, as amended, and has
constructed and acquired several sections of the System pursuant
to contracts between the County and the Township; and
WHEREAS, it is now necessary to improve, enlarge and
extend the System by the acquisition and construction of the
hereinafter described water supply facilities; and
WHEREAS, pursuant to Act No. 342, Public Acts of
Michigan, 1939, as amended (hereinafter sometimes referred to as
"Act 342"), the County is authorized, through the Oakland County
Drain Commissioner as County Agency, to improve, enlarge and
extend the System by the acquisition and construction of the
water supply facilities hereinafter described as constituting the
West Bloomfield Water Supply System Section XIV, the County and
the Township are authorized to enter into a contract, as
hereinafter provided, for the acquisition and construction of the
water supply facilities by the County and for financing all or
part of the cost thereof by the issuance of bonds by the County
secured by the pledge of the full faith and credit of the
Township to pay such cost with interest to the County in
installments extending over a period not exceeding forty (40)
years and the County is authorized to issue such bonds and, if
authorized by majority vote of the member elect of its Board of
Commissioners, to pledge its full faith and credit for the
payment of the principal of and interest on the bonds; and
WHEREAS, there is an urgent need for such water supply
facilities to provide the means of supplying water to the
residents of the Township, and thus to promote the health and
welfare of such residents, which facilities would likewise
benefit the County and its residents, and the parties hereto have
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concluded that the facilities can be provided and financed most
economically and efficiently by the County through the exercise
of the powers conferred by Act 342, and especially Sections 5a,
5b and Sc thereof; and
WHEREAS, preliminary plans for the water supply
facilities and also estimates of the cost and the period of
usefulness thereof have been prepared by Hubbell, Roth & Clark,
Inc. (hereinafter sometimes referred to as the consulting
engineers), and have been submitted to and approved by the Board
of Commissioners of the County and the Board of the Township and
placed on file in the office of the County Agency, said estimates
being set forth in Exhibit B hereunto attached; and
WHEREAS, in order to provide for the acquisition and
construction of the water supply facilities by the County and the
financing of the cost thereof by the issuance of County bonds,
and for other related matters it is necessary for the parties
hereto to enter into this contract.
THEREFORE, IN CONSIDERATION OF THE PREMISES AND THE
COVENANTS OF EACH OTHER, THE PARTIES HERETO AGREE AS FOLLOWS:
1. The parties hereto hereby approve and agree to the
establishment, acquisition, construction and financing of the
West Bloomfield Water Supply System Section XIV (hereinafter
sometimes referred to as the "Project") as herein provided, under
and pursuant to Act 342. The Township by way of compliance with
Section 29, Article VII, Michigan Constitution of 1963, consents
and agrees to the establishment and location of the Project
within its corporate boundaries and to the use by the County of
its streets, highways, alleys, lands, rights-of-way or other
public places for the purpose and facilities of the Project and
any improvements, enlargements and extensions thereof, and the
Township further agrees that, in order to evidence and effectuate
the foregoing agreement and consent, it will execute and deliver
to the County such grants of easement, right-of-way, license,
permit or consent as may be requested by the County.
2. The Project shall consist of the water supply
facilities shown on Exhibit A which is hereunto attached and
which is hereby made a part hereof, and as are more particularly
set forth in the preliminary plans which have been prepared and
submitted by the consulting engineers which plans are on file
with the County Agency and are approved and adopted. The Project
shall be acquired and constructed substantially in accordance
with the preliminary plans and in accordance with final plans and
specifications to be prepared and submitted by the consulting
engineers, but variations therefrom which do not materially
change the location, capacity or overall design of the Project,
and which do not require an increase in the total estimated cost
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of the Project, may be permitted on the authority of the County
Agency. Other variations or changes may be made if approved by
the County Agency and by resolution of the Township Board and if
provisions required by paragraph 8 hereof are made for payment or
financing of any resulting increase in the total estimated cost.
The estimate of cost of the Project and the estimate of the
period of usefulness thereof as set forth in Exhibit B is
approved and adopted.
3. The County Agency shall take or cause to be taken
all actions required or necessary, in accordance with Act 342, to
procure the issuance and sale of bonds by the County, in one or
more series, in whatever aggregate principal amount is necessary
to be so financed to defray that part of the total cost of the
Project which is in excess of funds available from other sources.
The bonds shall be issued in anticipation of, and be payable
primarily from, the payments to be made by the Township to the
County as provided in this contract and shall be secured
secondarily, if so voted by the Board of Commissioners of the
County, by the pledge of the full faith and credit of the County.
The bonds shall be payable in annual maturities the last of which
shall be not more than forty years from the date thereof.
4. The County Agency shall proceed to take construction
bids for the Project and, subject to the sale and delivery of
bonds, enter into construction contracts with the lowest
responsive and responsible bidder or bidders, procure from the
contractors all necessary and proper bonds and insurance, cause
the Project to be constructed within a reasonable time and do all
other things required by this contract and the laws of the State
of Michigan and the United States of America. All certificates
for required payments to contractors shall be approved by the
consulting engineers before presentation to the County Agency and
the latter shall be entitled to rely on such approval in making
payment.
The County hereby agrees that it will secure and
maintain, or cause to be secured and maintained, during the
period of construction adequate property damage and public
liability insurance covering all facilities to be constructed
pursuant to this contract. All policies and memorandums of
insurance shall provide that the County and the Township shall be
insured parties thereunder and shall contain a provision
requiring that the Township be notified at least ten days prior
to cancellation thereof. One copy of each policy and memorandum
of insurance shall be filed with the Township.
5. It is understood and agreed by the parties hereto
that the Project is to serve the Township and not the individual
property owners and users thereof, unless by special arrangement
between the County Agency and the Township. The responsibility
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for requiring connection to and use of the Project and providing
such additional facilities as may be needed shall be that of the
Township which shall cause to be constructed and maintained,
directly or through the County, any such necessary additional
facilities. The County shall not be obligated to acquire or
construct any facilities other than those designated in paragraph
2 hereof.
6. The Township shall pay to the County the total cost
of the Project (less such funds as may become available from
other sources), which total cost for this purpose shall include,
in addition to the items of the nature set forth in Exhibit B
(represented by the principal amount of the bonds to be issued by
the County plus such funds as may become available from other
sources), all interest payable by the County on the bonds and all
paying agent fees and other expenses and charges (including the
County Agency's administrative expenses) which are payable on
account of the bonds (such fees, expenses and charges being
herein called "bond service charges"). Payments shall be made to
the County in annual installments which shall be due and payable
at least thirty days prior to the day of the month specified in
the County bonds as the annual principal maturity date thereof.
An annual installment shall be paid in each year that any
principal and/or non-capitalized interest on the bonds falls due
during the twelve-month period beginning on the principal
maturity date in said year, and the amount of each installment so
due and payable shall be at least sufficient to pay all such
principal and/or interest thus falling due and all bond service
charges then due and payable. The County Agency, within thirty
days after delivery of the County bonds to the purchaser, shall
furnish the Township Treasurer with a complete schedule of the
principal and interest maturities thereon, and the County Agency
also, at least thirty days before each payment is due to be made
by the Township, shall advise the Township Treasurer of the
amount payable to the County on such date. If the Township fails
to make any payment to the County when due, the same shall be
subject to a penalty of 1% thereof for each month or fraction
thereof that such amount remains unpaid after due. Failure of
the County Agency to furnish the schedule or give the notice as
above required shall not excuse the Township from the obligation
to make payment when due. Payments shall be made by the Township
when due whether or not the Project has then been completed or
placed in operation. In the event that additional County bonds
shall be issued under the authority of this contract to defray a
part of the cost of the Project, the foregoing obligations shall
apply to such part of the cost and to said additional bonds
insofar as appropriate thereto.
7. The Township may pay in advance any amount payable
to the County pursuant to this contract and in that event shall
be credited therefor on future-due amounts as may be agreed by
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the parties hereto. The Township also may pay in advance any one
or more installments or any part thereof (a) by surrendering to
the County bonds of like principal amount or (b) by paying to the
County in cash the principal amount of any bonds which are
subject to redemption prior to maturity, plus all interest
thereon to the first date upon which the bonds may be called for
redemption and plus all applicable call premiums and bond service
charges, and in such event the County Agency shall call said
bonds for redemption at the earliest possible date. The
installments or parts thereof so prepaid shall be deemed to be
the installments or parts thereof falling due in the same
calendar year as the maturity dates of the bonds surrendered or
called for redemption and bonds so surrendered or redeemed shall
be cancelled.
8. In the event that it shall become necessary to
increase the estimated cost of the Project as hereinbefore
stated, or if the actual cost of the Project shall exceed the
estimated cost, whether as the result of variations or changes
permitted to be made in the approved plans or otherwise, then
(without execution of any further contract or amendment of this
contract) the Township Board, by resolution adopted within
fifteen days after the receipt of construction bids, may direct
that a portion of the Project be deleted sufficient to reduce the
total cost to an amount which shall not exceed the total
estimated cost as herein-before stated by more than 5%, provided
that such deletion shall not materially change the general scope,
overall design and purpose of the Project, or in the absence of
the adoption of such a resolution the Township shall pay or
procure the payment of the increase or excess in cash, or County
bonds in an increased or additional amount shall (upon adoption
of an authorizing resolution therefor by the Board of
Commissioners) be issued to defray such increased or excess cost,
to the extent that funds therefor are not available from other
sources: Provided, however, that no such increase or excess shall
be approved and no such increased or additional County bonds
shall be authorized to be issued, nor shall the County enter into
any contract for acquisition or construction of the Project or
any part thereof or incur any obligation for or pay any item of
cost therefor, where the effect thereof would be to cause the
total cost of the Project to exceed by more than 5% its total
estimated cost as hereinbefore stated, unless the Township Board
previously shall have adopted a resolution approving such
increase or excess and agreeing that the same (or such part
thereof as is not available from other sources) shall be paid or
its payment procured by the Township in cash or be defrayed by
the issuance of increased or additional County bonds in
anticipation of increased or additional payments agreed to be
made by the Township to the County in the manner hereinbefore
provided: Provided, further, that the adoption of such resolution
by the Township Board shall not be required prior to or as a
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condition precedent to the issuance of additional bonds by the
County if the County previously has issued or contracted to sell
bonds to pay all or part of the cost of the Project and the
issuance of the additional bonds is necessary (as determined by
the County) to pay such increased, additional or excess costs as
are essential to completion of the Project according to the plans
as last approved prior to the time when the previous bonds were
issued or contracted to be sold.
9. If the actual cost of the Project is less than the
total estimated cost, any surplus available to the County from
the sale of County bonds, at the option of the Township Board,
shall be used to improve, enlarge or extend the System, to apply
upon future payments due to the County, to redeem bonds or to
purchase bonds on the open market, provided that such surplus
shall be used to improve, enlarge or extend the System only if
authorized by the Board of Commissioners. Any such surplus, if
used to improve, enlarge or extend the System, may be
supplemented by cash payments to be made by the Township, or
improvements, enlargements or extensions may be financed entirely
from such cash payments if authorized by the Township Board. If
the surplus is used to redeem or purchase bonds, the bonds shall
be cancelled, and the payments thereafter required to be made by
the Township to the County shall be reduced so as to reflect the
resulting saving of interest and the payment required to be made
in the calendar year of the stated maturity of the bonds shall be
reduced by the principal amount thereof.
10. Should the Township fail for any reason to pay the
County at the times specified the amounts herein required to be
paid, the Township hereby authorizes the State Treasurer or other
official charged with the disbursement of unrestricted state
funds returnable to the Township pursuant to the Michigan
constitution to withhold sufficient funds to make up any default
or deficiency in the amounts paid. If the full faith and credit
of the county is pledged for the prompt payment of the principal
of and interest on the bonds to be issued by the County and if
the County is required to advance any money by reason of such
pledge on account of the delinquency of the Township, the County
Treasurer is authorized to notify the State Treasurer to deduct
the amount of money so advanced by the County from any
unrestricted moneys in the State Treasurer's possession belonging
to the Township and to pay such amount to the County.
The foregoing shall not operate to limit the County's
right to pursue any other legal remedies for the reimbursement of
moneys advanced on account of the default of the Township.
11. The Township, pursuant to the authorization of
Section 5a of Act No. 342, pledges its full faith and credit for
the prompt and timely payment of its obligations expressed in
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this contract and each year shall levy a tax in an amount which,
taking into consideration estimated delinquencies in tax
collections, will be sufficient to pay its obligations under this
contract becoming due before the time of the following year's tax
collections: Provided, however, that if at the time of making its
annual tax levy, the Township shall have on hand in cash other
funds (including but not limited to funds from special
assessments, user charges or connection fees) which have been set
aside and pledged or are otherwise available for the payment of
such contractual obligations falling due prior to the time of the
next tax collection, then the annual tax levy may be reduced by
such amount: and Provided further, however, that any taxes levied
by the Township shall be subject to applicable constitutional,
statutory and charter tax rate limitations. The Township Board
each year, at least 90 days prior to the final date provided by
law for the making of the annual Township tax levy, shall submit
to the County Agency a written statement setting forth the amount
of its obligations to the County which become due and payable
under this contract prior to the time of the next following
year's tax collections, the amount of the funds which the
Township has or will have on hand or to its credit in the hands
of the County which have been set aside and pledged for payment
of said obligations to the County and the amount of the Township
taxes next proposed to be levied for the purpose of raising money
to meet such obligations. The County Agency shall review such
statement promptly and, if he finds that the proposed Township
tax levy is insufficient, he shall so notify the Township Board,
and the Township hereby covenants and agrees that it will
thereupon increase its levy to such extent as may be required by
the County Agency.
12. No change in the jurisdiction over any territory in
the Township shall in any manner impair the obligations of this
contract or affect the obligations of the Township hereunder. In
the event that all or any part of the territory of the Township
is incorporated as a new city or is annexed to or becomes a part
of the territory of another municipality, the municipality into
which such territory is incorporated or to which such territory
is annexed shall assume the proper proportionate share of the
contractual obligations (including the pledge of full faith and
credit) of the Township, which proper proportionate share shall
be fixed and determined by the County Agency and shall be binding
upon all parties concerned unless, within sixty (60) days after
such incorporation or annexation becomes effective, the governing
body of the municipality into which such territory is
incorporated or to which such territory is annexed and the
Township Board by mutual agreement and with the written approval
of the County Agency shall fix and determine such proper
proportionate share. The County Agency, prior to making such
determination, shall receive a written recommendation as to the
proper proportionate share from a committee composed of one
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representative designated by the Township Board of the Township,
one designated by the governing body of the new municipality or
the municipality annexing such territory and one independent
registered engineer appointed by the County Agency. Each
governmental unit shall appoint its representative within fifteen
(15) days after being notified to do so by the County Agency and
within a like time the County Agency shall appoint the engineer
third member. If any such representative (other than the
appointee of the County Agency) is not appointed within the time
above provided, the County Agency may proceed without said
recommendation. If the committee shall not make the
recommendation within forty-five (45) days after its appointment
or within any extension thereof by the County Agency, the County
Agency may proceed without such recommendation.
13. This contract is contingent upon the County issuing
its negotiable bonds, as herein provided, to defray such part of
the total estimated cost of the Project as is necessary to be
financed, which bonds shall be issued under the authorization
provided in Section 5a, 5b and 5c of Act 342. Interest on the
bonds may be capitalized and paid from the bond proceeds for a
period not exceeding the estimated construction period and one
year thereafter. In the event that the bonds are not issued
within three years from the date of this contract, unless
extended by mutual agreement, this contract shall become null and
void, except that the Township shall pay all engineering, legal
and other costs and expenses theretofore incurred and shall be
entitled to all plans, specifications and other engineering data
and materials.
14. Upon completion of the Project it shall be used by
the Township as part of the System in accordance with the
provisions of the West Bloomfield Water Supply System Contract
dated December 1, 1970 between the Township and the County.
15. The County shall have no obligation or
responsibility for providing water or water supply facilities
except as herein expressly provided with respect to the
acquisition of the Project or as otherwise provided by contract.
The Township shall have the authority and the responsibility to
provide such other facilities and shall have the right to expand
the facilities of the System by constructing or extending water
mains and trunks or related facilities, connecting the same to
the System and otherwise improving the System.
16. All powers, duties and functions vested by this
contract in the County shall be exercised and performed by the
County Agency, for and on behalf of the County, unless otherwise
provided by law or in this contract.
17. The parties hereto recognize that the holders from
time to time of the bonds to be issued by the County under the
provisions of Act 342, and secured by the full faith and credit
pledge of the Township to the making of its payments as set forth
in this contract, will have contractual rights in this contract,
and it is therefore covenanted and agreed that so long as any of
the bonds shall remain outstanding and unpaid, the provisions of
this contract shall not be subject to any alteration or revision
which would affect adversely either the security of the bonds or
the prompt payment of principal or interest thereon. The right
to make changes in this contract, by amendment, supplemental
contracts or otherwise, nevertheless is reserved insofar as the
same do not have such adverse effect. The parties hereto further
covenant and agree that they each will comply with their
respective duties and obligations under the terms of this
contract promptly, at the times and in the manner herein set
forth, and will not suffer to be done any act which would in any
way impair the contract of said bonds, the security therefor, or
the prompt payment of principal and interest thereon. It is
hereby declared that the terms of this contract and of any
amendatory or supplemental contract and any contract entered into
pursuant hereto, insofar as they pertain to said bonds or to the
payment or the security thereof, shall be deemed to be for the
benefit of the holders of the bonds.
18. In the event that any one or more of the provisions
of this contract for any reason shall be held to be invalid,
illegal or unenforceable in any respect, such invalidity,
illegality or unenforceability shall not affect any other
provisions hereof, but this contract shall be construed as if
such invalid, illegal or unenforceable provision had never been
contained herein.
19. This contract shall become effective upon its
execution by each party hereto and the expiration of 45 days
after the date of publication of the notice required by Section
5b of Act 342: Provided, however, that if, within the 45 -day
period, a proper petition is filed with the Township Clerk of the
Township in accordance with the provisions of said Section 5b of
Act 342 then this contract shall not become effective until
approved by the vote of a majority of the electors of the
Township qualified to vote and voting thereon at a general or
special election. This contract shall terminate forty (40) years
from the date hereof or on such earlier date as shall be mutually
agreed: Provided, however, that it shall not be terminated at any
time prior to the payment in full of the principal of and
interest on the County bonds together with all bond service
charges pertaining to the bonds. This contract may be executed
in several counterparts. The provisions of this contract shall
inure to the benefit of and be binding upon the successors and
assigns of the parties hereto.
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IN WITNESS WHEREOF, the parties hereto have caused this
contract to be executed and delivered by the undersigned, being
duly authorized by the respective governing bodies of such
parties, all as of the day and year first above written.
CHARTER TOWNSHIP
OF WEST BLOOMFIELD COUNTY OF OAKLAND
By:
Supervisor
By: By:
Clerk County Drain Commissioner
(County Agency)
JAE/09007/0264/F09/2
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$20,000.00
$103.40
$50.00
$40.00
$17,000.00
$2,500.00
$2,000.00
$2,500.00
$2,000.00
$5,000.00
$2,000.00
$5.00
$93.00
$1,000.00
$100.00
$3.00
$1,000.00
$40.00
$30,000.00
$20,000.00
$1,744,978.40
$3,300.00
$37,120.00
$102,000.00
$2,500.00
$24,000.00
$32,500.00
$8,000.00
$30,000.00
$54,000.00
$3,000.00
$148,800.00
$30,000.00
$11,200.00
$15,174.00
$1,000.00
$160,000.00
$30,000.00
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-
Exhibit "B"
West Bloomfield Township Water Supply System
Section XIV
Shared Transmission Line With
The City of Orchard Lake Village
West Bloomfield Township Costs
1) Contracted Services:
Mobilization
30" Water Main
12" Water Main
8" Water Main
30" Butterfly Valves
12" Gate Valve & Well
8" Gate Valve & Well
Entrance Manholes
Air Release Manholes
Blow-Off Manholes
Hydrants
Polyethylene Encasement of
30" Water Main
Steel Pile Caps
Pipe Caps
Special Excavation
Silt Fence
Ditch Sediment Trap
Bit. Concrete Wearing Cours
Traffic Control
Connection to DWSD Main,
Meter & Pressure Red. Vault
Sub-Total
West Bloomfield Township Share (70%)
Cost Of Water Main in West Bloomfield Township Only
(Township Boundary to Western Terminius)
30" Water Main 1085 It @ $103.40
Total of West Bloomfield Township's Share
Of Estimated Construction Cost:
$3,010,572.40
$2,107,400.68
$112,189.00
$2,219,589.68
2) Contracted Services:
Engineering:
Consulting Engineering
Soil Borings
Testing Consultants
WEK
02/03/94
Project Development
$205,000.00
$21,500.00
$21,500.00
Sub-Total $248,000.00
Page 1 of 2
Project Financing
$15,000.00
$5,000.00
$3,500.00
$16,000.00
$2,000.00
$1,700.00
$25,000.00
By: 4/1.#14/d/AC4e;J
Exhibit "B"
West Bloomfield Township Water Supply System
Section XIV
Shared Transmission Line With
The City of Orchard Lake Village
West Bloomfield Township Costs
3) Contracted Services:
Bond Counsel
Financial Consultant
Official Statement
Bond Rating Fees
Bond Printing
Bond Advertisement
Bond Discount (1%)
Sub-Total $68,200.00
4) County Services:
Administration $20,500.00
Engineering $40,500.00
Right-Of-Way $127,000.00
Construction Inspection $112,000.00
Soil Erosion Permit $2,000.00
Sub-Total $302,000.00
5) Contingency $216,773.00
Total Project Cost $3,054,562.68
Less:
Credit to West Bloomfield Township from City of
Orchard Lake for existing shared Water Mains
Funds on hand at County
Total Funds Required By West Bloomfield Township
I hereby estimate the period of usefullness of these facilities to be forty (40) years and
upwards.
Hubbell, Roth & Clark, Inc.
$317,971.68
$236,591.00
$2.5.0a.=.0
Prepared By: William E. Klockow, P.E.
02/03/94
Page 2 of 2
5. AUTHORIZATION OF BONDS -- PURPOSE. Bonds of
the County aggregating the principal sum of Three Million
Three Hundred Sixty Thousand Dollars ($3,360,000) shall be
issued and sold pursuant to the provisions of Act 342, and
other applicable statutory provisions, for the purpose of
defraying part of the cost of acquiring and constructing the
West Bloomfield Water Supply System Sections XIII and XIV.
6. BOND DETAILS. The bonds shall be designated
Oakland County Water Supply Bonds (West Bloomfield System
Sections XIII and XIV); shall be dated April 1, 1994; shall
be numbered from 1 upwards; shall be fully registered; shall
be in the denomination of $5,000 each or any integral
multiple thereof not exceeding the aggregate principal
amount for each maturity at the option of the purchaser
thereof; shall bear interest at a rate or rates not
exceeding 8% per annum to be determined upon the sale
thereof payable on November 1, 1994, and semiannually
thereafter on the first days of May and November in each
year; and shall mature on May 1 in each year as follows:
1995 $ 85,000
1996 95,000
1997 100,000
1998 105,000
1999 110,000
2000 120,000
2001 125,000
2002 135,000
2003 145,000
2004 155,000
2005 $165,000
2006 175,000
2007 185,000
2008 195,000
2009 210,000
2010 225,000
2011 240,000
2012 255,000
2013 265,000
2014 270,000
If the original purchaser of the bonds shall
designate certain of the bonds as term bond, the maturities
set forth above shall become mandatory redemption
requirements in accordance with Section 8 and the form of
bond set forth in Section 13.
7. PAYMENT OF PRINCIPAL AND INTEREST. The principal
of and interest on the bonds shall be payable in lawful money of
the United States. Principal shall be payable upon presentation
and surrender of the bonds to the bond registrar and paying agent
as they severally mature. Interest shall be paid to the
registered owner of each bond as shown on the registration books
at the close of business on the 15th day of the calendar month
preceding the month in which the interest payment is due.
Interest shall be paid when due by check or draft drawn upon and
mailed by the bond registrar and paying agent to the registered
owner at the registered address.
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8. MANDATORY PRIOR REDEMPTION. If any of the bonds
are designated by the original purchaser as term bonds such bonds
shall be subject to mandatory prior redemption at par and accrued
interest in accordance with the maturity schedule set forth in
Section 6 hereof and upon the terms and conditions set forth in
the form of bond contained in Section 13 hereof. The bonds to be
redeemed shall be selected by lot.
9. OPTIONAL PRIOR REDEMPTION. Bonds maturing prior to
May 1, 2004 not be subject to redemption prior to maturity.
Bonds maturing on and after May 1, 2004, be subject to
redemption prior to maturity upon the terms and conditions set
forth in the form of bond contained in Section 13 hereof.
10. BOND REGISTRAR AND PAYING AGENT. The County
Treasurer shall designate, and may enter into an agreement with,
a bond registrar and paying agent for the bonds which shall be a
bank or trust company located in the State of Michigan which is
qualified to act in such capacity under the laws of the United
States of America or the State of Michigan. The County Treasurer
may from time to time as required designate a similarly qualified
successor bond registrar and paying agent.
11. EXECUTION, AUTHENTICATION AND DELIVERY OF BONDS.
The bonds shall be executed in the name of the County by the
facsimile signatures of the Chairperson of the Board of
Commissioners and the County Clerk and authenticated by the
manual signature of an authorized representative of the bond
registrar and paying agent, and the seal of the County (or a
facsimile thereof) shall be impressed or imprinted on the bonds.
After the bonds have been executed and authenticated for delivery
to the original purchaser thereof, they shall be delivered by the
County Treasurer to the purchaser upon receipt of the purchase
price. Additional bonds bearing the facsimile signatures of the
Chairperson of the Board of Commissioners and the County Clerk
and upon which the seal of the County (or a facsimile thereof) is
impressed or imprinted may be delivered to the bond registrar and
paying agent for authentication and delivery in connection with
the exchange or transfer of bonds. The bond registrar and paying
agent shall indicate on each bond the date of its authentication.
12. EXCHANGE AND TRANSFER OF BONDS. Any bond, upon
surrender thereof to the bond registrar and paying agent with a
written instrument of transfer satisfactory to the bond registrar
and paying agent duly executed by the registered owner or the
registered owner's duly authorized attorney, at the option of the
registered owner thereof, may be exchanged for bonds of any other
authorized denominations of the same aggregate principal amount
and maturity date and bearing the same rate of interest as the
surrendered bond.
-5-
Each bond shall be transferable only upon the books of
the County, which shall be kept for that purpose by the bond
registrar and paying agent, upon surrender of such bond together
with a written instrument of transfer satisfactory to the bond
registrar and paying agent duly executed by the registered owner
or the registered owner's duly authorized attorney.
Upon the exchange or transfer of any bond, the bond
registrar and paying agent on behalf of the County shall cancel
the surrendered bond and shall authenticate and deliver to the
transferee a new bond or bonds of any authorized denomination of
the same aggregate principal amount and maturity date and bearing
the same rate of interest as the surrendered bond. If, at the
time the bond registrar and paying agent authenticates and
delivers a new bond pursuant to this section, payment of interest
on the bonds is in default, the bond registrar and paying agent
shall endorse upon the new bond the following: "Payment of
interest on this bond is in default. The last date to which
interest has been paid is ."
The County and the bond registrar and paying agent may
deem and treat the person in whose name any bond shall be
registered upon the books of the County as the absolute owner of
such bond, whether such bond shall be overdue or not, for the
purpose of receiving payment of the principal of and interest on
such bond and for all other purposes, and all payments made to
the registered owner, or upon the order of the registered owner,
in accordance with the provisions of Section 7 of this resolution
shall be valid and effectual to satisfy and discharge the
liability upon such bond to the extent of the sum or sums so
paid, and neither the County nor the bond registrar and paying
agent shall be affected by any notice to the contrary. The
County agrees to indemnify and save the bond registrar and paying
agent harmless from and against any and all loss, cost, charge,
expense, judgment or liability incurred by it, acting in good
faith and without negligence hereunder, in so treating the
registered owner.
For every exchange or transfer of bonds, the County or
the bond registrar and paying agent may make a charge sufficient
to reimburse it for any tax, fee or other governmental charge
required to be paid with respect to such exchange or transfer,
which sum or sums shall be paid by the person requesting such
exchange or transfer as a condition precedent to the exercise of
the privilege of making such exchange or transfer.
The bond registrar and paying agent shall not be
required to transfer or exchange bonds or portions of bonds which
have been selected for redemption.
13. FORM OF BONDS. The bonds shall be in substantially
the following form:
-6-
UNITED STATES OF AMERICA
STATE OF MICHIGAN
COUNTY OF OAKLAND
OAKLAND COUNTY WATER SUPPLY BOND
(WEST BLOOMFIELD SYSTEM SECTIONS XIII AND XIV)
INTEREST RATE MATURITY DATE DATE OF ORIGINAL ISSUE CUSIP
April 1, 1994
Registered Owner
Principal Amount
The County of Oakland, State of Michigan (the "County")
acknowledges itself indebted to and for value received hereby
promises to pay to the Registered Owner identified above, or
registered assigns, the Principal Amount set forth above on the
Maturity Date specified above, unless redeemed prior thereto as
hereinafter provided, upon presentation and surrender of this
bond at in the
City of , Michigan, the bond registrar and paying agent,
and to pay to the Registered Owner, as shown on the registration
books at the close of business on the 15th day of the calendar
month preceding the month in which an interest payment is due, by
check or draft drawn upon and mailed by the bond registrar and
paying agent by first class mail postage prepaid to the
Registered Owner at the registered address, interest on such
Principal Amount from the Date of Original Issue or such later
date through which interest shall have been paid until the
County's obligation with respect to the payment of such Principal
Amount is discharged at the rate per annum specified above.
Interest is payable on the first days of May and November in each
year, commencing on November 1, 1994. Principal and interest are
payable in lawful money of the United States of America.
This bond is one of a series of bonds aggregating the
principal sum of Three Million Three Hundred Sixty Thousand
Dollars ($3,360,000) issued by the County under and pursuant to
and in full conformity with the Constitution and Statutes of
Michigan (especially Act No. 342, Public Acts of 1939, as
amended) and a bond authorizing resolution adopted by the Board
-7-
of Commissioners of the County (the "Resolution") for the purpose
of defraying part of the cost of acquiring and constructing the
West Bloomfield Water Supply System Sections XIII and XIV. The
bonds of this series are issued in anticipation of payments to be
made by the Charter Township of West Bloomfield in the aggregate
principal amount of Three Million Three Hundred Sixty Thousand
Dollars ($3,360,000) pursuant to contracts between the County and
the Charter Township of West Bloomfield dated as of August 1,
1990 and March 1, 1994. The full Faith and credit of the Charter
Township of West Bloomfield have been pledged to the prompt
payment of the foregoing amount and the interest thereon as the
same become due. As additional security the full faith and
credit of the County have been pledged for the prompt payment of
the principal of and interest on the bonds of this series. Taxes
levied by the Charter Township of West Bloomfield for the payment
of its obligations to the County are subject to constitutional
tax rate limitations. Taxes levied by the County to pay the
principal of and interest on the bonds of this series are subject
to constitutional tax limitations.
This bond is transferable, as provided in the Reso-
lution, only upon the books of the County kept for that purpose
by the bond registrar and paying agent, upon the surrender of
this bond together with a written instrument of transfer
satisfactory to the bond registrar and paying agent duly executed
by the Registered Owner or the Registered Owner's attorney duly
authorized in writing. Upon the exchange or transfer of this
bond a new bond or bonds of any authorized denomination, in the
same aggregate principal amount and of the same interest rate and
maturity, shall be authenticated and delivered to the transferee
in exchange therefor as provided in the Resolution, and upon
payment of the charges, if any, therein provided. Bonds so
authenticated and delivered shall be in the denomination of
$5,000 or any integral multiple thereof not exceeding the
aggregate principal amount for each maturity.
The bond registrar and paying agent shall not be
required to transfer or exchange bonds or portions of bonds which
have been selected for redemption.
MANDATORY PRIOR REDEMPTION
Bonds maturing in the year are subject to
mandatory prior redemption at par and accrued interest as
follows:
Principal Amount of
Redemption Date Bonds To Be Redeemed
May 1,
May 1,
Bonds or portions of bonds to be redeemed shall be
selected by lot.
(REPEAT IF MORE THAN ONE TERM BOND MATURITY)
OPTIONAL PRIOR REDEMPTION
Bonds maturing prior to May 1, 2004, are not subject to
redemption prior to maturity. Bonds maturing on and after May 1,
2004, are subject to redemption prior to maturity at the option
of the County, in such order as shall be determined by the
County, on any one or more interest payment dates on and after
May 1, 2003. Bonds of a denomination greater than $5,000 may be
partially redeemed in the amount of $5,000 or any integral
multiple thereof. If less than all of the bonds maturing in any
year are to be redeemed, the bonds or portions of bonds to be
redeemed shall be selected by lot. The redemption price shall be
the par value of the bond or portion of the bond called to be
redeemed plus interest to the date fixed for redemption and a
premium as follows:
1% of the par value if called for redemption
on or after May 1, 2003, but prior to
May 1, 2004;
0.5% of the par value if called for redemption
on or after May 1, 2004, but prior to
May 1, 2005;
No premium if called for redemption on or
after May 1, 2005.
NOTICE OF REDEMPTION
Not less than thirty days' notice of redemption shall be
given to the owners of bonds called to be redeemed by mail to the
Registered Owner at the registered address. Bonds or portions of
-9-
. t
bonds called for redemption shall not bear interest after the
date fixed for redemption, provided funds are on hand with the
bond registrar and paying agent to redeem the same.
It is hereby certified, recited and declared that all
acts, conditions and things required to exist, happen and be
performed precedent to and in the issuance of the bonds of this
series, existed, have happened and have been performed in due
time, form and manner as required by law, and that the total
indebtedness of said County, including the series of bonds of
which this bond is one, does not exceed any constitutional or
statutory limitation.
IN WITNESS WHEREOF, the County of Oakland, Michigan, by
its Board of Commissioners, has caused this bond to be executed
in its name by facsimile signatures of the Chairperson of the
Board of Commissioners and the County Clerk and its corporate
seal (or a facsimile thereof) to be impressed or imprinted
hereon. This bond shall not be valid unless the Certificate of
Authentication has been manually executed by an authorized
representative of the bond registrar and paying agent.
COUNTY OF OAKLAND
(SEAL)
By: By:
County Clerk Chairperson
Board of Commissioners
CERTIFICATE OF AUTHENTICATION
This bond is one of the bonds described in the within-
mentioned Resolution.
Bond Registrar and Paying Agent
By:
Authorized Representative
AUTHENTICATION DATE:
ASSIGNMENT
For value received, the undersigned hereby sells, assigns and
transfers unto (please
print or type name, address and taxpayer identification number of
transferee) the within bond and all rights thereunder and does
hereby irrevocably constitute and appoint
attorney to
transfer the within bond on the books kept for registration
thereof, with full power of substitution in the premises.
Dated:
Signature Guaranteed
The signature must be guaranteed by a commercial bank, a
trust company or a brokerage firm which is a member of a
major stock exchange.
. I'
14. SECURITY. The bonds shall be issued in
anticipation of payments to be made by the Charter Township of
West Bloomfield pursuant to the Section XIII Contract and the
Section XIV Contract. The bonds shall be secured primarily by
the full faith and credit pledge made by the Charter Township of
West Bloomfield in the contracts pursuant to the authorization
contained in Act 342. As additional and secondary security the
full faith and credit of the County are pledged for the prompt
payment of the principal of and interest on the bonds as the same
shall become due. If the Charter Township of West Bloomfield
shall fail to make payments to the County which are sufficient to
pay the principal of and interest on the bonds as the same shall
become due, an amount sufficient to pay the deficiency shall be
advanced from the general fund of the County.
15. DEFEASANCE. In the event cash or direct
obligations of the United States or obligations the principal of
and interest on which are guaranteed by the United States, or a
combination thereof, the principal of and interest on which,
without reinvestment, come due at times and in amounts sufficient
to pay, at maturity or irrevocable call for earlier optional
redemption, the principal of, premium, if any, and interest on
the bonds, or any portion thereof, shall have been deposited in
trust, this Bond Resolution shall be defeased with respect to
such bonds and the owners of such bonds shall have no further
rights under this Bond Resolution except to receive payment of
the principal of, premium, if any, and interest on such bonds
from the cash or securities deposited in trust and the interest
and gains thereon and to transfer and exchange bonds as provided
herein.
16. PRINCIPAL AND INTEREST FUND. There shall be
established for the bonds a Principal and Interest Fund which
shall be kept in a separate bank account. From the proceeds of
the sale of the bonds there shall be set aside in the Principal
and Interest Fund any premium and accrued interest received from
the purchaser of the bonds at the time of delivery of the same.
All payments received from the Charter Township of West
Bloomfield pursuant to the contracts are pledged for payment of
the principal of and interest on the bonds and expenses
incidental thereto and as received shall be placed in the
Principal and Interest Fund.
17. CONSTRUCTION FUND. The remainder of the proceeds
of the sale of the bonds shall be set aside in the construction
funds for Section XIII and Section XIV and used to acquire and
construct the West Bloomfield Water Supply System Sections XIII
and xIV in accordance with the provisions of the contracts.
18. APPROVAL OF MICHIGAN DEPARTMENT OF TREASURY --
EXCEPTION FROM PRIOR APPROVAL. The issuance and sale of the
bonds shall be subject to permission being granted therefor by
the Department of Treasury of the State of Michigan or an
exception from prior approval being granted by the Department of
Treasury and the County Drain Commissioner and the County
Treasurer are each hereby severally authorized to file with the
Department of Treasury a Notice of Intent to Issue an Obligation
with respect to the bonds and to pay, upon the filing of said
notice, the filing fee of $400. If an exception from prior
approval is not granted the County Drain Commissioner or the
County Treasurer shall make application to the Department of
Treasury for permission to issue and sell the bonds as provided
by the terms of this resolution and for approval of the form of
Notice of Sale.
19. REDUCTION OF PRINCIPAL AMOUNT OF BOND ISSUE. If
the County Drain Commissioner shall determine that it is not
necessary to sell bonds in the principal amount of Three Million
Three Hundred Sixty Thousand Dollars ($3,360,000), he may by
order reduce the principal amount of bonds to be sold to that
amount deemed necessary. In the event the principal amount of
the bond issue is reduced pursuant to this section, the County
Drain Commissioner shall reduce the amount of bonds maturing in
any one or more years as necessary.
20. REPLACEMENT OF BONDS. Upon receipt by the County
Treasurer of proof of ownership of an unmatured bond, of
satisfactory evidence that the bond has been lost, apparently
destroyed or wrongfully taken and of security or indemnity which
complies with applicable law and is satisfactory to the
Treasurer, the Treasurer may authorize the bond registrar and
paying agent to deliver a new executed bond to replace the bond
lost, apparently destroyed or wrongfully taken in compliance with
applicable law. In the event an outstanding matured bond is
lost, apparently destroyed or wrongfully taken, the Treasurer may
authorize the bond registrar and paying agent to pay the bond
without presentation upon the receipt of the same documentation
required for the delivery of a replacement bond. The bond
registrar and paying agent, for each new bond delivered or paid
without presentation as provided above, shall require the payment
of expenses, including counsel fees, which may be incurred by the
bond registrar and paying agent and the County in the premises.
Any bond delivered pursuant the provisions of this Section 15 in
lieu of any bond lost, apparently destroyed or wrongfully taken
shall be of the same form and tenor and be secured in the same
manner as the bond in substitution for which such bond was
delivered.
Mr. Chairperson, on behalf of the Planning and Building
Committee, I move the adoption gl'17-fiejoregoing xeso4tion. gvIr 1.1m LAJLImyu±11
'Pr Ade/ _Audi illeafrir;
ING D BUI37-NG COMMITTEE
21. SALE, ISSUANCE, DELIVERY, TRANSFER AND EXCHANGE OF
BONDS. The County Drain Commissioner is authorized to prescribe
the form of notice of sale for the bonds, to sell the bonds at
not less than 99% of par plus accrued interest in accordance with
the laws of this state and to do all things necessary to
effectuate the sale, issuance, delivery, transfer and exchange of
the bonds in accordance with the provisions of this resolution.
The County Drain Commissioner is authorized to cause the
preparation of an official statement for the bonds for purposes
of compliance with Rule 15c2-12 issued under the Securities
Exchange Act of 1934, as amended (the "Rule") and to do all other
things necessary to comply with the Rule. After the award of the
bonds, the County will provide copies of a "final official
statement" (as defined in paragraph (e)(3) of the Rule) on a
timely basis and in reasonable quantity as requested by the
successful bidder or bidders to enable such bidder or bidders to
comply with paragraph (b)(4) of the Rule and the rules of the
Municipal Securities Rulemaking Board.
22. TAX COVENANT. The County covenants to comply with
all requirements of the Internal Revenue Code of 1986, as
amended, necessary to assure that the interest on the bonds will
be and will remain excludable from gross income for federal
income tax purposes. The County Drain Commissioner and other
appropriate County officials are authorized to do all things
necessary (including the making of covenants of the County) to
assure that the interest on the bonds will be and will remain
excludable from gross income for federal income tax purposes.
23. CONFLICTING RESOLUTIONS. All resolutions and parts
of resolutions insofar as they may be in conflict herewith are
rescinded.
JAE/09007/0264/FS8/2
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• 1 •
1 • .March 24, 1994
FISCAL NOTE (Misc. #94070)
BY: FINANCE COMMITTEE, JOHN P. MCCULLOCH, CHAIRPERSON
IN RE: DRAIN COMMISSIONER - RESOLUTION TO APPROVE REVISED
ESTIMATE OF COST OF WEST BLOOMFIELD WATER SUPPLY SYSTEM
SECTION XIII, TO ESTABLISH WEST BLOOMFIELD WATER SUPPLY
SYSTEM SECTION XIV AND APPROVE CONTRACT, AND TO AUTHORIZE
THE ISSUANCE OF BONDS, MISCELLANEOUS RESOLUTION #94
To The Oakland County Board of Commissioners
Chairperson, Ladies and Gentlemen:
Pursuant to Rule XI-G of this Board, the Finance Committee has
reviewed Miscellaneous Resolution #94070 and finds:
1) The resolution authorizes the issuance of drain bonds
with the County pledging full faith and credit with the
Charter Township of West Bloomfield as the primary
obligor.
2) Revised estimated cost of the West Bloomfield Water
Supply System Section XIII is $861,952.
3) The estimated cost of the West Bloomfield Water Supply
System Section XIV is $3,054,563.
4) The principal amount of the bond issue is $3,360,000 to
be paid back within 20 years at an interest rate to be
determined by bid, but not exceeding 8% per annum.
5) The statutory limit for County debt is $3,008,744,830
(10% of the 1993 State Equalized Value). As of
February 28, 1994, the outstanding debt is $319,229,031
or approximately 1.1% of the S.E.V.
6) County funds are not required for this project.
FINANCE COMMITTEE
606,
STEV\DRAIN\WBLOOMFI.FN
. r
V
Resolution #94070 March 24, 1994
Moved by Palmer supported by Law the resolution be adopted.
AYES: Taub, Wolf, Aaron, Crake, Dingeldey, Douglas, Garfield, Gosling,
Huntoon, Jensen, Johnson, Kaczmar, Kingzett, Law, McPherson, Miltner, Oaks,
Obrecht, Palmer, Pernick, Powers, Schmid. (22)
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 24, 1994 with the original record
thereof now remaining in my office.
In Testimony Whereof, I have hereunto set my hand and
County of Oakland at Pontiac, Michigan this 24th day o
1X-11
Niced the seal re
Lyng(D. Allen, County Clerk
• W