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HomeMy WebLinkAboutResolutions - 1999.07.15 - 25761July 15, 1999 MISCELLANEOUS RESOLUTION #99176 BY: PLANNING AND BUILDING COMMITTEE, CHARLES E. PALMER, CHAIRPERSON IN RE: PLANNING AND ECONOMIC DEVELOPMENT SERVICES DIVISION RESOLUTION APPROVING PROJECT PLAN (JOHNSON GROUP SERVICES, INC. (formerly Johnson's Press, Inc.) PROJECT) - CITY OF NOVI To Oakland County Board of Commissioners Chairperson, Ladies and Gentlemen: WHEREAS The Economic Development Corporation of the County of Oakland (the "EDC") has recommended that the Board of Commissioners approve the Project Plan required by the Economic Development Corporations Act (the "Act") for the captioned Project, a copy of which has been presented to this meeting (the "Project Plan"); and WHEREAS the EDC's recommendations to the Board of Commissioners were based upon its determinations that the Project is reasonable and necessary to effectuate the purposes of the Act and that the Project Plan satisfies all of the requirements of the Act regarding project plans; and WHEREAS the governing body of the City of Novi, Oakland County, Michigan, has also approved the Project Plan and given its consent to the exercise of jurisdiction over the Project by the EDC; and WHEREAS the Board of Commissioners has held a public hearing to consider whether the Project Plan constitutes a public purpose as contemplated by the Act; and WHEREAS the Board of Commissioners, following such public hearing and its review of the Project Plan, concurs in the determinations of the EDC with respect thereto; NOW THEREFORE BE IT RESOLVED that the Project Plan is hereby determined to constitute a public purpose as contemplated by the Act and is hereby approved; and BE IT FURTHER RESOLVED that the EDC is hereby authorized to take such steps as are necessary to implement the Project and the financing thereof by the issuance of its limited obligation revenue bonds as contemplated by the Project Plan; and BE IT FURTHER RESOLVED that the County Clerk is hereby directed to provide four certified copies of this resolution to the Assistant Secretary of the Board of the EDC. Chairperson, on behalf of the Planning and Building Committee, I move the adoption of the foregoing resolution. Planning and Building Committee Vote: Motion carried unanimously on a roll call vote. THE ECONOMIC DEVELOPMENT CORPORATION OF THE COUNTY OF OAKLAND Oakland County, Michigan Johnson Group Services, Inc. Project PROJECT PLAN CONTENTS 1. Summary Description of Project (Page 1) 2. Project Plan Certification by Company (Page 2) 3. Statutorily Required Information (Page 3) 4. Exhibits "A" - Project Area Legal Description "B" - Letter of Credit or Bond Purchaser's Commitment Letter "C" - Company Certificate Regarding Transfer of Employment "D" - Company Certificate Regarding Payment of Prevailing Wages Other PROJECT PLAN SUMMARY DESCRIPTION OF - JOHNSON GROUP SERVICES, INC. PROJECT OWNER OF PROJECT: Johnson Group Services, Inc., a Michigan corporation ("Johnson") CONTACT PERSON: Art Johnson Johnson's Group Services, Inc. 24300 Meadowbrook Road Novi, MI 4875 (248/442-0800) LOCATION OF PROJECT: Novi, NJ PROJECT AREAJDISTRICT AREA: Sec Exhibit A NATURE OF PROJECT: The project consists of the construction of an approximately 25,000 square foot manufacturing facility and the installation of certain machinery and equipment for use in operating the facility (the "Project"). EMPLOYMENT CREATED OR RETAINED: Employment Retained: 23 Employment Created: 15 TOTAL PROJECT COST: $1,000,000 BONDS TO BE ISSUED: $2,500,000 LETTER OF CREDIT ISSUER OR BOND PURCHASER: Cornerica Bank DATE AND EXPIRATION DATE OF LETTER OF CREDIT OR BOND PURCHASE COMMITMENT: Letter of Credit Commitment is dated May 24, 1999 and would have expired May 28, 1999. V-12 PROJECT PLAN CERTIFICATION THIS PROJECT PLAN WAS PREPARED FOR THE ECONOMIC DEVELOPMENT CORPORATION OF THE COUNTY OF OAKLAND IN ACCORDANCE WITH THE REQUMEMENTS OF THE ECONOMIC DEVEWPMENT CORPORATIONS ACT, ACT NO. 33$ OF THE MICHIGAN PUBLIC ACTS OF 1974, AS AMENDED. THE UNDERSIGNED HAS PROvIDED ALL op THE INFORMATION CONTAINED HEREIN AND BEREEY CERTIFIES AS TO THE ACCURACY AND VALIDITY OF SUCH INFORMATION AS OF THIS DATE THE UNDERSIGNED UNDERSTANDS THAT ran PROJECT FLAN IS STATUTORILY REQUIRED AND, IF IT CONTAINS ANY MAMMAL MISIMPRESENTATION OR INAcCURAcr, COULD RESULT IN ME INVALIDATION OF THE ECONOMIC DEVELOPMENT CORPORATION PROCEEDINGS REGARDING THE PROJECT 10 WHICH THE PROJECT PLAN PERTAINS. JOHNSON GROUP SERVICES, INC., a Michipn corporation Dated: Noe 7. 1999 06/09/99 WED 09:08 [TX/RI NO 50441 2 PROJECT PLAN STATUTORILY REQUIRED INFORMATION REGARDING JOHNSON GROUP SERVICES, INC. PROJECT I. THE LOCATION AND EXTENT OF EXISTING STREETS AND OTHER PUBLIC FACILITIES WITHIN THE PROJECT DISTRICT AREA; THE LOCATION, CHARACTER, AND EXTENT OF THE CATEGORIES OF PUBLIC AND PRIVATE LAND USES NOW EXISTING AND PROPOSED FOR THE PROJECT AREA, INCLUDING RESIDENTIAL, RECREATIONAL, COMMERCIAL, INDUSTRIAL, EDUCATIONAL, AND OTHER USES; AND A LEGAL DESCRIPTION OF THE PROJECT AREA: The land that will be used as a part of the Project is currently vacant and undeveloped. The parcel is located on the southeast corner of Taft and Grand River in the City of Novi. Legal description of Project Area attached as Exhibit A. H. A DESCRIPTION OF EXISTING IMPROVEMENTS IN THE PROJECT AREA TO BE DEMOLISHED, REPAIRED, OR ALTERED; A DESCRIPTION OF REPAIRS AND ALTERATIONS; AND AN ESTIMATE OF THE TIME REQUIRED FOR COMPLETION: Not Applicable M. THE LOCATION, EXTENT, CHARACIER, AND ESTIMATED COST OF THE IMPROVEMENTS, INCLUDING REHABILITATION CONTEMPLATED FOR THE PROJECT AREA, AND AN ESTIMATE OF THE TIME REQUIRED FOR COMPLETION: Johnson Group Services, Inc. is a manufacturer of commercial printing products. The Project consists of the construction of an approximately 25,000 square foot manufacturing facility and the installation of certain machinery and equipment for use in operating the facility. It is expected that the land, building, and site work will cost approximately $2,500,000. Another $500,000 has been budgeted for machinery and equipment and costs associated with issuing the bonds. The Project will start in June, 1999 and is expected to be completed by February, 2000. (See also IV for more detail) 3 IV. A DESCRIPTION OF THE CONSTRUCTION OR STAGES OF CONSTRUCTION PLANNED, AND THE ESTIMATED TIME OF COMPLETION OF EACH STAGE: Initiate site preparation: June, 1998 Begin construction: July, 1999 Complete construction: February, 2000 Machinery and equipment will be installed over time after completion of construction. (See also III) V. A DESCRIPTION OF THE PARTS OF THE PROJECT AREA TO BE LEFT AS OPEN SPACE AND THE USE CONTEMPLATED FOR THE SPACE: Green areas, less ingress and egress to the road and areas set aside for a parking lot, will surround the building after completion. There is no other intended use for the open space, VI. A DESCRIPTION OP PORTIONS OF THE PROJECT AREA WHICH THE ECONOMIC DEVELOPMENT CORPORATION OR THE COMPANY DESIRES TO SELL, DONATE, EXCHANGE OR LEASE TO OR FROM THE MUNICIPALITY AND THE PROPOSED TERMS: Not Applicable VII. A DESCRIPTION OF DESIRED ZONING CHANGES AND CHANGES IN STREET, STREET LEVELS, INTERSECTIONS AND UTILITIES: None VIII. A DESCRIPTION OF THE PROPOSED METHOD OF FINANCING THE PROJECT, INCLUDING ATTACHMENT OF A COPY OF THE LETTER OF CREDIT OR BOND PURCHASER'S COMMITMENT LETTER: The Project is anticipated to be financed with tax-exempt bonds issued by the Economic Development Corporation of the County of Oakland and secured by a Comerica Bank direct pay letter of credit. Copy of Letter of Credit commitment attached as Exhibit B. 4 LX. A STATEMENT REGARDING THE PAYMENT OF PREVAILING WAGE AND FRINGE BENEFIT RATES AS DETERMINED PURSUANT TO ACT NO. 166 OF THE MICHIGAN PUBLIC ACTS OF 1965, AS AMENDED (REGARDING WAGES ON STATE CONTRACTS): Company certificate regarding payment of prevailing wages attached a_s Exhibit D. X. A LIST OF PERSONS WHO WILL MANAGE OR BE ASSOCIATED WITH THE MANAGEMENT OF THE PROJECT FOR A PERIOD OF NOT LESS THAN 1 (ONE) YEAR FROM THE DATE OF APPROVAL OF THE PROJECT PLAN: Art Johnson, President XI. DESIGNATION OF THE PERSON OR PERSONS, NATURAL OR CORPORATE, TO WHOM THE PROJECT IS TO BE LEASED, SOLD OR CONVEYED AND FOR WHOSE BENEFIT THE PROJECT IS BEING UNDERTAKEN, TO THE EXTENT THAT INFORMATION IS PRESENTLY AVAILABLE: The Project is being undertaken for the benefit of Johnson's Group Services, Inc., which will have operations within the facility and own the machinery and equipment portion of the Project, and Johnson Group, LLC, which will own the real estate portion of the Project that will be leased to Johnson : Group Services, Inc. XII. IF THERE IS NOT AN EXPRESS OR IMPLIED AGREEMENT WITH A PERSON OR PERSONS, NATURAL OR CORPORATE, THAT THE PROJECT WILL BE LEASED, SOLD, OR CONVEYED TO THOSE PERSONS, THE PROCEDURES FOR BIDDING FOR THE LEASING, PURCHASING OR CONVEYING OF THE PROJECT UPON ITS COMPLETION: Not Applicable ESTIMATES OF THE NUMBER OF PERSONS RESIDING IN THE PROJECT AREA AND THE NUMBER OF FAMILIES AND INDIVIDUALS TO BE DISPLACED. IF OCCUPIED RESIDENCES ARE DESIGNATED FOR ACQUISMON AND CLEARANCE, INCLUDE A SURVEY OF THE FAMILIES AND INDIVIDUALS TO BE DISPLACED, INCLUDING THEIR INCOME AND RACIAL COMPOSITION, A STATISTICAL DESCRIPTION OF THE HOUSING SUPPLY IN THE COMMUNITY, INCLUDING THE NUMBER OF PRIVATE AND PUBLIC UNITS IN EXISTENCE OR UNDER CONSTRUCTION, THE CONDITION OF THOSE IN EXISTENCE, THE NUMBER OF OWNER-OCCUPIED AND RENTER-OCCUPIED UNITS, THE ANNUAL RATE OF TURNOVER OF THE VARIOUS TYPES OF HOUSING AND THE RANGE OF RENTS AND 5 SALE PRICES, AN ESTIMATE OF THE TOTAL DEMAND FOR HOUSING IN THE COMMUNITY, AND THE ESTIMATED CAPACITY OF PRIVATE AND PUBLIC HOUSING AVAILABLE TO DISPLACED FAMILIES AND INDIVIDUALS: Not Applicable XIV. A PLAN FOR ESTABLISHING PRIORITY FOR THE RELOCATION OF PERSONS DISPLACED BY THE PROJECT IN NEW HOUSING IN THE PROJECT AREA: Not Applicable XV. PROVISION FOR THE COSTS OF RELOCATING PERSONS DISPLACED BY THE PROJECT AND FINANCIAL ASSISTANCE AND REIMBURSEMENT OF EXPENSES, INCLUDING LITIGATION EXPENSES AND EXPENSES INCIDENT TO THE TRANSFER OF TITLE, IN ACCORDANCE WITH THE STANDARDS A.ND PROVISIONS OF THE FEDERAL UNIFORM RELOCATION ASSISTANCE AND REAL PROPERTY ACQUISMON POLICIES ACT OF 1970, 42 U.S.C. 4601 TO 4655: Not Applicable XVI. A PLAN FOR COMPLIANCE WITH ACT NO. 227 OF THE MICHIGAN PUBLIC ACTS OF 1972, WHICH PERTAINS TO PROVIDING FINANCIAL ASSISTANCE, ADVISORY SERVICES AND REIMBURSEMENT OF CERTAIN EXPENSES TO DISPLACED PERSONS: Not Applicable XVII. OTHER MATERIAL AS THE ECONOMIC DEVELOPMENT CORPORATION, LOCAL PUBLIC AGENCY, OR GOVERNING BODY CONSIDERS PERTINENT: Not Applicable 6 EXHIBIT A Legal Description The land referred to in this Policy, situated in the County of Oakland, City of Novi, State of Michigan, is described as follows: PARCEL 1: That part of the Southeast 1/4 of Section 16, Town 1 North, Range 8 East, Novi Township, Oakland County, Michigan (now City of Novi) Beginning at a point distant North 00 degrees 59 minutes 30 seconds East 1325.6 feet and South 89 degrees 53 minutes 10 seconds West 20831 feet, from the Southeast corner of said Section 16; thence South 89 degrees 53 minutes 10 seconds West 159.97 feet; thence North 00 degrees 59 minutes 30 seconds East 20831 feet; thence North 89 degrees 53 minutes 10 seconds East 159.97 feet; thence South 00 degrees 59 minutes 30 seconds West 208.71 feet, to the point of beginning. PARCEL 2: That part of the Northeast 114 of the Southeast 1/4 of Section 16, Town 1 North, Range 8 East, Novi Township, Oakland County, Michigan, beginning at a point on the East line of Section 16, distant North CO degrees 59 minutes 30 seconds East 1325.6 feet from the Southeast corner of Section 16; thence South 89 degrees 53 minutes 10 seconds West 208.71 feet; thence North 00 degrees 59 minutes 30 seconds East 208.71 feet; thence South 00 degrees 59 minutes 30 seconds West 208.71 feet along the East line of Section 16 to the point of beginning. PARCEL 3: Parr of the Southeast 1/4 of Section 16, Town 1 North, Range 8 East, beginning at a point distant North 00 degrees 59 minutes 30 seconds East 1534.31 feet from Southeast Section corner; thence North 00 degrees 59 minutes 30 seconds East 211 feet; thence North 71 degrees 06 minutes 50 seconds West 387.34 feet;thence South 00 degrees 59 minutes 30 seconds West 337.13 feet; thence North 89 degrees 53 minutes 10 seconds East 368.68 feet to beginning. Synod Suainaas - West 17177 North Laurel Park Drive SIAS 387 liVenia. Michigan 48152 1734) 432-6810 Fes: (7341591-7904 Ryan R. Hecianen thasouroOffmbr TerM: A) B) Comderica Stank May 24, 1999 (SECOND REVISION) Mr. Arthur Johnson, President Johnson Group, LCC and Johnson's Group Services, Inc. 24300 Meadowbrook Novi, Michigan 48375 Dear Art: I am very pleased of Comerica Bank. are as follows: Borrower: PUrp05e: Amount/Type: to present the following loan package on behalf The terms and conditions of this loan commitment Johnson Group, LLC/Johnsonis Group Services, Inc. To finance construction of a new facility located in Novi, Michigan and acquire machinery and equipment. Up to a $2,537,500 (includes forty-five (45) day interest reserve)five year letter of credit in favor of U.S. Bank Trust National Association to support the issuance of up to a $2,500,0 00 Industrial Revenue Bond for the benefit of Johnson Group, LLC. Five (5) year expiration on the Letter of Credit REAL ESTATE ($2,100,000 total available; $2.000,000 for Real Eetate and $100,000 for issuance •coste)4 Interest only for two years followed by an eighteen (18) year amortization MAMINERY AND EQUIPMENT ($400,000 available) t Interest only for one year, followed by a six (8) year amortization_ (Regular Mortgage style amortization) (Allocations may be changed, subject to Bank approval - Refer to Loan Agreement) Monthly sinking fund payments required (The extension of the Letter of Credit is at the Bank's sole discretion) Fee: A) A =le time .75% commitment fee to Comerica Bank, plus Johnsen Gratal„ LLC/Johnoon's ansup Sarviaaa, Lflc May 24, 1999 Page 2 Fees: Letter of Credit Fee: Collateral: Formul a: Guarantee: B) All cut of pocket costs of Comerica, including without limit for appraisal, survey, title insurance, filing fees, plus C) all legal tees of inside and/or outside counsel for Comerica, plus D) All other applicable letter of credit or Bond fees. An annual Letter of Credit fee in the amount of 1 5/8%. This fee is to be paid in quarterly installmente in advance A first mortgage on the commercial real estate to be acquired located in Novi, Michigan together with an assignment of any and all leases and rents. A second mortgage on residential real estate located at 1621 Dogwood Trail, Walled Lake, Michigan. A first lien on machinery and equipment to be purchased. AJ REAL ESTATE ($2,100,000 available): Bond Disbursements plus outstanding balance on residential mortaage on 1821 Dogwood, are not - to exceed $280,000 plus eighty percent(60k)of the appraised value of the building in Novi. B) MACE:WERT AND EQUIPMENT ($400,000 available): Bond Disbursements are limited to eighty percent (80*) of the cost of machinery and equipment, remaining twenty peroent(20V)to be contributed as cash equity. Corporate guaranty of Johnson's Group Services. Inc. supported by a blanket lien on all assets. Unlimited personal guaranty of Arthur J. Johnson and Jacqueline J. Johnson. Support: Cross collateralized and cross defaulted with all existing and future Comerica debt and the debt of Johnson Group, LLC A second continuing collateralized mortgage (CC)on commercial real estate located at 24300 Meadowbrook, Novi, Michigan. Disbursements >$725,000 are subject to the sale of this building. The CO( is to be released once sold. Proceeds must be contributed to the project and by paying off the first mortgage, our previously funded $65,000 specific advance and $41.000 of additional equity must be contributed. All equity proceeds will be assigned to Comerica Bank. Johnimn Grew. UX.1.1allimpoWs Group Serviipos. Inc Mav 241 1118 Peas 2 Disbursement: Proceeds for the real estate portion of the bond issue will be disbursed based on 90tir of cost subject to receipt of a satisfactory appraisal as referenced on page 4. Comerica Bank retains the right to withhold the cost to complete. and upon the final draw has the right to retain 110* of the cost to complete_ Reporting: AJ Quarterly CPA compiled interim statements of Johnson's Group Services, Inc. within 45 days after the end of each quarter, plus B) Annual CRA. combined financial statements on a reviewed basis of Johnson's Group Services, Inc. and Johnson Group, LLC within 90 days after the end of each year_ C) Annual personal financial statement and tax return Construction DrAWW: Prior to closing, Comerica will require a review of the Borrower's construction documents and schedules. Draws to be allowed not more often than once a month- All draws to be monitored by Comerica or, at Comerica's option, the title company and to be conditioned upon receipt in form and content satisfactory tc COmerica's sole discretion, and, if applicable, the title company of sworn statements, requests for payment, lieu waivers and such other documents.required by Comerica and/or the title company. brews for direct costs shall be limited to 90% of the direct costs properly allocatable to the construction (as determined by Comerica) to the date of the draw request, less the amount previously advanced by Comerica for direct costs. Draws for indirect costs shall be 100* of the indirect costs incurred to the date of the draw request, lass the amount previously advanced by Comerica for indirect costs. Notwithstanding the foregoing, comerice shall be entitled to retain such additional funds, which based on its reasonable judgement, are required to complete the construction. Johnson Group, 11C/Johnson'a Group Services, inc P4sy 24. 1959 Pow 4 Real Rstate Appraisa2: Envircumental Assessmemt; A condition to issuing a letter of credit is receipt by Comerica of a real estate appraisal on an as built basis with a minimum value of $2,498,000 satisfactory to Comerica. All real estate appraisals are to be ordered and reviewed by the Bank. A condition to issuing the letter of credit is receipt and satisfactory review by Comerica of a Phase I environmental site assessment satisfactory to Comerica. Other Documents and Information: Reimbursement Agreement: A condition to issuing the letter of credit is receipt by Comerica of such other information and documentation as shall be required by Comerica, including without limit articles of incorporation, desktop appraisal on all machinery and equipment, corporate resolutions, surveys, title insurance, opinions of counsel, property insurance, building permits, plans and specifications, construction contracts and construction budgets. The Reimbursement Agreement as referenced above shall contain certain financial covenants to be determined by the Sank. The covenants in the reimbursement agreement are not limited to those established. Covenants will be calculated on a combined basis between Johnson Group, LLC and Johnson's Group Services, Inc. Borrower is to obtain combined gross rents on a triple net basis of 2.$125,000 within 120 days of completion of construction(certificate of occupancy). This covenant will be reviewed and tested at the 120 day point only. Johnson Group. LLe/Johnsares Group Services, Inc Miry 24, 1999 Page 5 ADDITTONAL LNFOIIMATIONL As a condition to funding this loan, the Bank must be provided with all documents and information required by the Bank in form and substance satisfactory to it_ A further condition of funding this loan is Comerica's continued satisfaction with the omeratina results and financial condition of the Borrower which may be reviewed by Comerica at any time- / hope this loan package meets with your expectations. I look forward to continuing what has been a very successful relationship. If this loan commitment meets with your approval, please sign this letter where indicated and return to me by May 2B, 1999 or this commitment shall become null and void. Also, please include a check made payable to Comerica Bank for $10,000 which will be applied towards the commitment fee, and will be considered earned by Comerica and therefore non-refundable. Sincerely, atigetiaDJ Ryan R. Heckman Account Officer JOHNSON GROUP, LLC By: Arthur J. giron JOILNSONIS GRQUP SERVICES, INC. 73y: Arthur J.ArcidEmon A2thur J. JOh0Son Jahnaan Group. U-Cilohnson's &Oh* Serwieet, Inc May 24, 19Ma as a AGREED AND ACCEPTED: was : Its: President Its: President PERSONAL GUARANTY ARTHUR ..1%) JOHNSON AND JACQUELINE J. JOHNSoN By: Arthur idqJacaNte ame J. J CORPORATE GUARANTY JOHNSON'S,GROUP SERVICES, INC. By : Its: President M.11.196 : Rathilik_C COMPANY csirrincATE REGARDING TRANSFER OF ICP/IFLOYMENT (Ulm= Grasp Services, Inc. Project) The undersigned. Mime Group Services, be., a Michigan creparadm (the °Ceelpergr), hereby =lift to The 'Economic Development Corporation of the County of Oakland (the 'MC) as follows: 1. This Certcate is in and based upon the hest of the Congeny's knowledge and belief, only after dm:cough investigadOn rued diecumlim with all MINI: of the Cs' _• ethos who might have loimiedge tegarding the sob*: starter. 2. The Company admoWledges that this Cettificare will he employed by des EDC us the sole is for the BDC's cede:den to do Bard of ComPlationers of dee Coney of (Mimi as in transfer of engdoyesent as rewind by Section 8(3) of the Economic Development Corparations Act, Act No. 338 of the bfichistut Public Acts of 1974, as amended (the °As'). 3. The Company wider:ands that the EDC's Certification to dr, Bond of Commissioners of the Cony of Oeldarei is a ergentory required= which, if improperly made or based upon any ranerill misrepresentation or Mccoracy. might invalidase the ;mending' regarding the Johnson Group Services, Inc. Project (the -Projece) porn= to which the EDC eepeas ultimately to issue its limited obligation economic developing= imam bcmds to fmanne all or part of the Project. 4. As of the daze hereof. the Project will not have the effea of tranehrrring employment of mme than 20 full-time persons from a municipality (as that arm is defined in the Act) of this State to the City of Novi, Waimea, the immielpality in which the Project will be located. ioHNSON GROUP SERV/CES, INC.. a Michigan corporation RY: hsaigitel Demi: June 7. 1999 C-1 06/09/99 WED 09:08 (TX/RI NO 5044) 010231219&17,311 L48 043 0140 P.W4 Udall COMPANY CERTIFICATE 114;GARDING PAYMENT OF PREVAILING WAGES Volans Quip Services, Inc. Project) The uodersigned,./ohoson Group Setvims, iec., a Michigan corporation (the "Ceseerne), hereby certifies to Tbe Econmnic Development Corporation of die Cremty of 0.1dand (tbe "WC") as follows; 1. The Comtism undenands dist dis CatiScam is a manor, isquirsinem under the Economic Development Commences A. Am No. 333 of die Michigan Pah& Acts a1 1974, as amended (the 'MO Wie:b. if improperly made or baled Run mg =aria miszeptesentation or inaccuracy. might invelithee the proceedings regardiag the Johann Gimp Services, Inc- Project (the ',Wa) puts= to which die EDC express airless* to issue th obliption economic developers reverse bonds to finance all or put of the Praiser_ 2. Withh: miming and inenn, of Sadao 3(4Xh) of de Act all pea= pmfonniigg work on the construction of the Ptqject will be paid the prevailing wage and fringe hoofs roes far the SUM or similar work in the locality in which thc work is ta be per:brand, as dasiszthard pursue= to Act NO 166 of the Michigan Public Ac h of 1965. as emended. JOHNSON GROUP SERVICES, INC., a Michigan corporation Sy: 1131: Px0116= Dated: TOTAL P.041 08/09/99 WED 09:08 [TX/RI NO 50441 1:0- I 'CRY A9PTIOVE-5HE FOREGOING RESOLUTION 7/2 Patton. County Executive Date ....0•111•nnnn=1.111111•Mo Resolution #99176 July 15, 1999 Moved by Palmer supported by Schmid the resolution be adopted. AYES: Melton, Millard, Moffitt, Obrecht, Palmer, Patterson, Schmid, Sever, Suarez, Taub, Amos, Causey-Mitchell, Colasanti, Devine, Dingeldey, Douglas, Galloway, Garfield, Gregory, Jensen, Law, McCulloch, McPherson. (23) NAYS: None. (0) A sufficient majority having voted therefor, the resolution 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 July 15, 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 1411 day/Of July, 1999. G. William Caddell, County Clerk