HomeMy WebLinkAboutResolutions - 2000.03.09 - 26120March 9, 2000
MISCELLANEOUS RESOLUTION # 00046
BY: PLANNING AND BUILDING COMMITTEE, CHARLES E. PALMER, CHAIRPERSON
RE: TAGGERT AND KELLOGG LAKES LAKE BOARD — ADVANCE OF COUNTY FUNDS
FOR LAKE IMPROVEMENT PROJECT FOR TAGGETT AND KELLOGG LAKES
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Ladies and Gentlemen:
WHEREAS Act 59 of the Public Acts of 1994, as amended, the Inland Lake Improvement Act,
establishes a procedure for the establishment of a lake improvement board for inland lakes in the State of
Michigan; and
WHEREAS pursuant to said Act, the Taggett and Kellogg Lake Improvement Board was duly
established; and
WHEREAS the Taggett and Kellogg Lake Improvement Board has determined that to protect the
public health, safety and welfare, to conserve the natural resources of the State and to preserve property
values around Taggett and Kellog Lake, it is necessary to improve the lake by installing an augmentation
well; and
WHEREAS the residents of Taggett and Kellogg Lake and the property owners of all parcels of
land which will benefit from the lake improvement project will be subject to a special assessment to
recover the cost of the project in the approximate amount of $12,900.00, plus interest, to be collected over a
period of one year; and
WHEREAS the Taggett and Kellogg Lake Board has commissioned an engineering firm to
proceed with the study of a lake level augmentation well and had requested that the amount of the advance,
plus interest at the one year Treasury Bill rate in effect on the date this resolution is adopted, be repaid from
a special assessment levied pursuant to 1994 Public Act 59, collected over a one-year period.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners does
hereby authorize the advance of up to the sum of $12,900.00 to the Lake Improvement Board for Taggett
and Kellogg Lake, said advance to be repaid with interest over a period of one year, said interest to be
established at the interest rate for one year Treasury Bills in effect on the date this resolution is adopted,
said advance plus interest to be repaid from the proceeds of a special assessment to be spread against all
parcels of land which will benefit from the improvement of Taggett and Kellogg Lake.
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 with Palmer absent.
Resolution #00046 March 9, 2000
The Chairperson referred the resolution to the Finance Committee. There
were no objections.