HomeMy WebLinkAboutResolutions - 1999.02.25 - 25696February 25, 1999
REPORT
BY:
IN RE:
(Misc #99010)
PLANNING AND BUILDING COMMITTEE
CHARLES E. PALMER, CHAIRPERSON
MR#99010, TREASURER'S OFFICE - TAX INCREMENT FINANCING
DISTRICT REVIEW POLICY
To the Oakland County Board of Commissioners:
Chairperson, Ladies and Gentlemen:
The Planning and Building Committee, having reviewed the
above-referenced resolution on February 16, 1999, reports with the
recommendation that the resolution be adopted.
Chairperson, on behalf of the Planning and Building Committee,
move acceptance of the foregoing Report.
PLANNING AND BUILDING COMMITTEE
Planning and Building Committee Vote:
Motion carried unanimously on a roll call vote with Palmer,
Colasanti and Sever absent.
MISCELLANEOUS RESOLUTION #99010 February 4, 1999
BY: FINANCE COMMITTEE, SUE ANN DOUGLAS, CHAIRPERSON
IN RE: TREASURER'S OFFICE - TAX INCREMENT FINANCING DISTRICT REVIEW POLICY
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Chairperson, Ladies and Gentlemen:
WHEREAS the Oakland County Board of Commissioners strongly supports the
economic growth of Oakland County; and
WHEREAS one of the tools used to promote this economic growth is Tax
Increment Financing in the form of Downtown Development Authorities (DDA's), Tax
Increment Finance Authorities (TIFA's) and Local Development Finance Authorities
(LDFA's); and
WHEREAS twenty-eight (28) of the County's cities, villages and townships
are using Tax Increment Financing as a tool to promote their economic growth; and
WHEREAS in 1999 Oakland County will contribute nearly $4,000,000 in
incremental revenue to these programs; and
WHEREAS until amendments to these Tax Increment Financing programs were
adopted in 1994 by the State legislature, the County could not exempt itself from
participating in these authorities, and
WHEREAS the Board of Commissioners desires to study the implications of
future capture of County tax dollars; and
WHEREAS the Board of Commissioners now has the option of exempting its
property taxes from capture by any newly created or expanded Tax Increment
Financing District (DDA's, TIFA's or LDFA's).
NOW THEREFORE BE IT RESOLVED the County Treasurer shall continue to
represent the County's interests in all current and future Tax Increment Finance
programs per Miscellaneous Resolution 90144 and 97157.
BE IT FURTHER RESOLVED that upon notice of the creation of a new or
expanded Tax Increment Financing District (DDA, TIFA, or LDFA), the Oakland
County Treasurer shall notify the Chairperson of the Board of Commissioners and
the Chairperson of the Finance Committee of the Oakland County Board of
Commissioners, who shall convene an Ad Hoc Review Committee consisting of the
Chairperson of the Finance Committee, a representative of the County Treasurer,
the Equalization Department, the Economic Development Department, and Corporation
Counsel.
BE IT FURTHER RESOLVED that the County Commissioner or Commissioners
representing the requesting wimuntty be invited to take part in the Ad Hoc Review
Committee process as non-voting participants.
BE IT FURTHER RESOLVED that the Ad Hoc Review Committee shall evaluate the
proposed district as to its consistency with state statute(s) and the impact of
the projected revenue loss to the County and may negotiate recommended agreements
on the County's behalf.
BE IT FURTHER RESOLVED that the Ad Hoc Review Committee shall submit its
recommendations, including negotiated agreements, to the Finance Committee of the
Oakland County Board of Commissioners.
BE IT FURTHER RESOLVED that the Finance Committee shall evaluate the
recommendations of the Ad Hoc Review Committee and may recommend that the Oakland
County Board of Commissioners exempt itself from the proposed district, approve
negotiated terms, or take no action and allow the Oakland County Treasurer to
represent the County under MR 90144 and MR 97157.
BE IT FURTHER RESOLVED that the minutes of the Ad Hoc Review Committee be
distributed to all Committee Chairs.
Chairperson, on behalf of the Finance Committee, I move adoption of the
foregoing resolution.
FINANCE COMMITTEE
FINANCE COMMITTEE VOTE:
Motion carried unanimously on a roll call vote with Jensen absent.
Resolution #99010 February 4, 1999
The Chairperson referred the resolution to the Planning and Building
Committee. There were no objections.
Resolution #99010 February 25, 1999
Moved by Jensen supported by Schmid the Planning and Building Committee
Report be accepted.
A sufficient majority having voted therefor, the report was accepted.
Moved by Jensen supported by Schmid the resolution be adopted.
AYES: Colasanti, Coleman, Devine, Dingeldey, Galloway, Garfield, Gregory,
Jensen, McPherson, Melton, Millard, Moffitt, Obrecht, Patterson, Schmid, Sever,
Suarez, Taub, Amos, Appel, Causey-Mitchell. (21)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was adopted.
HEREBY-4‘,R° 44v E
Of F REGOING RFSOI
L Brooks PattOson, County Executive Date
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 February 25, 1999 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 250h day/Of February, 1999.
G. William Caddell, County Clerk