HomeMy WebLinkAboutResolutions - 1999.05.13 - 2580311-A
MISCELLANEOUS RESOLUTION #99116
BY: KAY SCHMID, DISTRICT #17
IN RE: ENVIRONMENTAL INFRASTRUCTURE FUND-DISBURSEMENT CALCULATION CHANGE IN
GENERAL APPROPRIATIONS ACT
To the Oakland County Board of Commissioners
Chairperson, Ladies and Gentlemen:
WHEREAS the Environmental Infrastructure Fund has been created to
distribute earnings from the Delinquent Tax Revolving Fund to communities for
assistance in their environmental needs; and
WHEREAS the calculation used to distribute those funds has been derived
based upon taxable value and population figures for each community; and,
WHEREAS the taxable value figures are exclusive of those values which
are kept off the tax rolls due to various forms of tax abatements granted to
private enterprise; and
WHEREAS the exclusion of these amounts creates an unfair representation
of a community's taxable value as it relates to the distribution of funds from
the Environmental Infrastructure Fund.
NOW THEREFORE BE IT RESOLVED that the General Appropriations Act is
hereby amended in Section 21(g) to read:
(g) Annually, from Fiscal Year 1999 through Fiscal Year 2003, $5,000,000.00
will be transferred from the Delinquent Tax Revolving Fund to the
General Fund to allow for the establishment of an Environmental
Infrastructure Fund (#263). These funds will then be allocated and
transferred from the General Fund Operating Transfer account (#90-
310000-41000-8001) to the Environmental Infrastructure Fund. The
allocation of the Environmental Infrastructure Fund to local cities,
villages and townships (CVTs) will be based upon criteria established by
the Board of Commissioners. The total allocation, however, to any
approved CVT will coincide with an allocation which is based on 50% of
the percentage of each CVT's State taxable value (STV), plus any amounts
excluded from reported taxable value due to tax abatements, to the
County's total taxable value plus any amounts excluded from reported
taxable value due to tax abatements for the most recently completed
assessment year, and 50% on the percentage of each CVT's population, to
the County's total population based on the most recently completed
Decennial Census.
Chairperson, I move the adoption of the foregoing resolution.
Kay Schmid, istrict #17
Resolution #99116 May 13, 1999
The Chairperson referred the resolution to the General Government Committee
and the Finance Committee. There were no objections.