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HomeMy WebLinkAboutResolutions - 1999.04.15 - 25571MISCELLANEOUS RESOLUTION 199079 April 15, 1999 BY: Finance Committee, Sue Ann Douglas, Chairperson IN RE: PROPOSED CITY OF NOVI DOWNTOWN DEVELOPMENT AUTHORITY - TAX CAPTURE EXEMPTION To the Oakland County Board of Commissioners Chairperson, Ladies and Gentlemen: WHEREAS the City of Novi has passed a resolution declaring its intention to create and provide for the operation of a downtown development authority (DDA); and WHEREAS on February 22, 1999, the City of Novi held a public hearing on the adoption of a proposed ordinance creating the Novi DDA and designating the boundaries of the downtown district; and WHEREAS, the Oakland County Ad Hoc Tax Increment Financing District Review Committee (Ad Hoc Review Committee), acting pursuant to MR #99010, met on March 11, 1999, to evaluate the proposed City of Novi DDA as to its consistency with State statute(s) and to evaluate the impact of the projected revenue loss to the County; and WHEREAS the Downtown Development Authority Act, 1975 PA 197, as amended, at Section 3(3), authorizes the governing body of a taxing jurisdiction levying ad valorem property taxes that would otherwise be subject to capture by a DDA to exempt its taxes from capture by adopting, not more than 60 days after the public hearing on the adoption of a proposed DDA, a resolution to that effect and filing a copy with the clerk of the municipality proposing to create the authority; and WHEREAS Section 3(3) of 1975 PA 197, as amended, authorizes the governing body of a taxing jurisdiction levying ad valorem property taxes to rescind any resolution exempting its taxes from capture by a proposed DDA; and WHEREAS the statutorily mandated 60 day time period within which the County must act to preserve its right to exempt its taxes from capture forces the County to make its tax exemption determination before a detailed downtown development plan has been prepared and adopted by a municipality, making responsible determinations as to proposed DDA compliance with state statute(s) and evaluations of fiscal impact on County revenues both premature and speculative; and WHEREAS, the Ad Hoc Review Committee, faced with the legal mandate that the County act on the issue of tax capture exemption within 60 days of February 22, 1999, and concerned both with the proposed Novi DDA's consistency with state statute and the speculative nature of the impact of the projected revenue loss to the County, has recommended that the County of Oakland exempt its taxes from capture by the proposed City of Novi Downtown Development Authority; and WHEREAS the Ad Hoc Review Committee further recommended that the County, through the appropriate County departments and officials, offer to work with the City of Novi so that a downtown development strategy benefiting both the City and County may be developed and, if appropriate, be presented to the Board of Commissioners in support of any future resolution proposing to rescind the tax capture exemption recommended by the Committee. NOW THEREFORE BE IT RESOLVED that, pursuant to Section 3(3) of 1975 PA 197, as amended, MCL 125. 1653(3), the Oakland County Board of Commissioners hereby exempts its taxes from capture by the proposed City of Novi Downtown Development Authority. BE IT FURTHER RESOLVED that the County, through the appropriate County departments and officials, offers to work with the City of Novi in creating a downtown development strategy benefiting both the City and County that may, if appropriate, be considered by the Board of Commissioners in support of any future resolution proposing to rescind the tax capture exemption adopted herein. BE IT FURTHER RESOLVED that the County Clerk is directed to file a copy of this resolution with the Clerk of the City of Novi, before April 22, 1999. Chairperson, on behalf of the Finance Committee, I move adoption of the foregoing resolution. FINApCE COMMITTEE FINANCE COMMITTEE VOTE: Motion carried unanimously on a roll call vote. Resolution #99079 April 15, 1999 Moved by Douglas supported by Schmid the resolution be adopted. Moved by Schmid supported by Coleman the resolution be amended, as follows: In the first BE IT FURTHER RESOLVED paragraph, following the words --a downtown development--, add "authority." and delete the remainder of the paragraph; Add the following as second and third BE IT FURTHER RESOLVED paragraphs: BE IT FURTHER RESOLVED that should the City of Novi Downtown Development Authority be approved by the State Tax Commission, the County agrees to review and negotiate with the City a mutually beneficial agreement to enhance the economic development of both the County and the City. BE IT FURTHER RESOLVED that if a mutually acceptable agreement is negotiated between the County and the City of Novi pursuant to the preceding paragraph, the Board of Commissioners shall consider the adoption of a resolution rescinding the tax capture exemption adopted herein. A sufficient majority having voted therefor, the amendment carried. Vote on resolution, as amended: AYES: Coleman, Devine, Dingeldey, Douglas, Galloway, Garfield, Gregory, Jensen, Law, McCulloch, McPherson, Melton, Millard, Moffitt, Obrecht, Palmer, Patterson, Schmid, Sever, Suarez, Taub, Amos, Appel, Causey-Mitchell, Colasanti. (25) NAYS: None. (0) A sufficient majority having voted therefor, the resolution, as amended, was adopted. STATE OF MICHIGAN) COUNTY OF OAKLAND) I, G. William Caddell, 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 April 15, 1999 with the original record thereof now remaining in my office. In Testimony Whereof, I have hereunto set my hand anclaffixed the seal of the County of Oakland at Pontiac, Michigan this 15,471 day/of April, ,1,999. G. William Caddell, County Clerk