HomeMy WebLinkAboutResolutions - 2001.06.14 - 26429MG AND BUILDTNG COMMITTEE
June 14, 2001
MISCELLANEOUS RESOLUTION #01155
BY: PLANNING AND BUILDING COMMITTEE, CHARLES E. PALMER, CHAIRPERSON
IN RE: PLANNING AND ECONOMIC DEVELOPMENT SERVICES DIVISION RESOLUTION
APPROVING PROJECT PLAN (CRANBROOK EDUCATIONAL COMMUNITY PROJECT) - CITY OF
BLOOMFIELD HILLS
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 Bloomfield Hills, 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 & building Committee Vote:
Motion carried on unanimous roll call vote With Dingeldey and Gregory agsent
THE ECONOMIC DEVELOPMENT CORPORATION
OF THE COUNTY OF OAKLAND
Oakland County, Michigan
Cranbrook Educational Community 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" - Bond Purchaser's or Placement Agent's Commitment Letter
"C" - Company Certificate Regarding Transfer of Employment
"D" - Company Certificate Regarding Payment of Prevailing Wages
Other
PROJECT PLAN
SUMMARY DESCRIPTION OF
CRANBROOK EDUCATIONAL COMMUNITY PROJECT
OWNER OF PROJECT: Cranbrook Educational Community,
a Michigan nonprofit corporation
CONTACT PERSON: (Name, address, telephone number)
George T. Hedgespeth
Vice President for Finance and Administration
Cranbrook Educational Community
39221 Woodward Avenue
Bloomfield Hills, MI 48303-0801
(248) 645-3111
(248) 645-3027 (FAX)
LOCATION OF PROJECT: (Local municipality) City of Bloomfield Hills
PROJECT AREA/DISTRICT AREA: See Exhibit A
NATURE OF PROJECT:
Acquisition and installation of campus-wide, integrated administrative software and
communication system with related computer equipment, fiber cabling and infrastructure
equipment; campus security systems and equipment; repair and restoration of community
buildings; and road system, including parking areas.
EMPLOYMENT CREATED OR RETAINED:
Four new permanent positions
TOTAL PROJECT COST: $12,500,000
BONDS TO BE ISSUED: $10,500,000
LETTER OF CREDIT ISSUER:
None, Cranbrook Educational Community maintains a Moody's rating of Aa2
By:
PROJECT PLAN CERTIFICATION
THIS PROJECT PLAN WAS PREPARED FOR THE
ECONOMIC DEVELOPMENT CORPORATION OF THE
COUNTY OF OAKLAND IN ACCORDANCE WITH THE
REQUIREMENTS OF THE ECONOMIC DEVELOPMENT
CORPORATIONS ACT, ACT NO. 338 OF THE MICHIGAN
PUBLIC ACTS OF 1974, AS AMENDED.
THE UNDERSIGNED HAS PROVIDED ALL OF THE
INFORMATION CONTAINED HEREIN AND HEREBY
CERTIFIES AS TO THE ACCURACY AND VALIDITY OF
SUCH INFORMATION AS OF THIS DATE.
THE UNDERSIGNED UNDERSTANDS THAT THIS
PROJECT PLAN IS STATUTORILY REQUIRED AND, IF IT
CONTAINS ANY MATERIAL MISREPRESENTATION OR
INACCURACY, COULD RESULT IN THE INVALIDATION
OF THE ECONOMIC DEVELOPMENT CORPORATION
PROCEEDINGS REGARDING THE PROJECT TO WHICH
THE PROJECT PLAN PERTAINS.
CRANBROOK EDUCATIONAL COMMUNITY
Its: Vice President for Finance and
Administration
Dated: 5- fr-.40,
2
PROJECT PLAN
STATUTORILY REQUIRED INFORMATION REGARDING
CRANBROOK EDUCATIONAL COMMUNITY 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:
Existing land within the Project Area/District Area is all owned by Cranbrook Educational
Community and contains no publicly-owned streets or other publicly-owned facilities. The site
contains the Cranbrook Schools, Academy of Art and Art Museum, and Institute of Science.
The Project Area/District Area will be the site for the installation of the energy management
program, fire and intrusion alarm system, and integrated computer system. This includes any
and all construction and renovation as well as the necessary computer hardware, software and
operating systems, and temporary staffing.
Legal description of Project Area attached as Exhibit A.
II. 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:
Existing facilities will be retained. Improvements are described in Section I, above. The
estimate of the time required for completion of the projects is three (3) years.
III. THE LOCATION, EXTENT, CHARACTER, AND ESTIMATED COST OF
THE IMPROVEMENTS, INCLUDING REHABILITATION CONTEMPLATED FOR THE
PROJECT AREA, AND AN ESTIMATE OF THE TIME REQUIRED FOR COMPLETION:
A. Integrated Administrative Computer System - $5,464,000
B. Energy Management Program - $2,400,000
C. Fire Intrusion Alarm Replacement - $2,400,000
3
IV. A DESCRIPTION OF THE CONSTRUCTION OR STAGES OF
CONSTRUCTION PLANNED, AND THE ESTIMATED TIME OF COMPLETION OF
EACH STAGE:
A. Integrated Administrative Computer System (January 2001-July 2003) - $5,464,000
B. Energy Management Program
1. Short Term Projects (April 2001-October 2002) - $ 950,000
2. Intermediate Term Projects (June 2001-September 2003) - $ 850,000
3. Long Term Projects (September 2002-July 2005) - $ 600.000
$2,400,000
C. Fire & Intrusion Alarm Replacement
1. Phase I (April 2001-March 2002)
2. Phase II (April 2002-January 2003)
$ 600,000
$1.800.000
$2,400,000
V. A DESCRIPTION OF THE PARTS OF THE PROJECT AREA TO BE LEFT
AS OPEN SPACE AND THE USE CONTEMPLATED FOR THE SPACE:
No alterations of existing open space expected.
VI. A DESCRIPTION OF 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
4
VII. A DESCRIPTION OF DESIRED ZONING CHANGES AND CHANGES IN
STREET, STREET LEVELS, INTERSECTIONS AND UTILITIES:
No zoning changes are requested.
VIII. A DESCRIPTION OF THE PROPOSED METHOD OF FINANCING THE
PROJECT, INCLUDING ATTACHMENT OF A COPY OF THE BOND PURCHASER'S
OR PLACEMENT AGENT'S COMMITMENT LETTER:
The Project will be financed with the proceeds of sale of the Economic Development
Corporation's limited obligation revenue bonds. The bonds will be placed or underwritten by
Comerica Securities.
Copy of bond purchaser's or placement agent's commitment letter attached as Exhibit B.
IX. 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):
See Exhibit D
5
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:
George T. Hedgespeth, Jr., Vice President for Finance and Administration
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 to be undertaken for the benefit of Cranbrook Educational Community.
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
XIII. 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 ACQUISITION
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 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
6
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 AND
PROVISIONS OF THE FEDERAL UNIFORM RELOCATION ASSISTANCE AND REAL
PROPERTY ACQUISITION POLICIES ACT OF 1970, 42 U.S.C. 4601 TO 4655:
Not Applicable
7
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
I.
.usEab155 PAGEb7ti
Description of-property covered by Indenture dated June 26, 1973 between the
trustees under Indenture of Trust dated November 28, 1927 and recorded in Liber 620 of
Deeds, Pages 384-400, Oakland County Records as subsequently amended, and the Cranbrook
Foundation, a Michigan trustee corporation, parties of the first part and Cranbrook
Educational Community, a Michigan non-profit corporation, party of the second part:
Land in the City of Blocmfield Hills, Oakland County, Michigan describe-'
as: That portion of the .Estate known as "Cranbrook" located in Bloomfeld
Hills, Oakland County, Michigan; bounded and described as follows: A
parcel of land-in part of .Sections 14, 15, 22 and 23, town 2 north, range
10 east, Bloomfield Township, Oakland County, Michigan described as follow
Beginning at the Section corner common to Sections 14, 15, 22 and 23; then
south 89 degrees 52 minutes west 293.2 feet to an iron pipe; thence north
89 degrees 45 minutes west 1274.84 feet to an iron pipe; thence north
89 degrcies 37 minutes 10 seconds west 620.81 feet to an iron pipe at the
Quarter Section corner on the north line of Section 22; thence north 0
degrees 11 minutes 30 seconds east 870.5 feet to the center of the public
highway, known as Eloomfield Center Road, thence south 40 degrees 2 minute!
west 46.83 feet along the center of said highway; thence south 0 degree.:
11 minutes 30 seconds west 834.73 feet to a point on the north line of
'Section 22; thence north 89 degrees 39 minutes 48 seconds west 303.12 feet
along the north line of Section 22 to an iron pipe; thence south 3 degrees
50 minutes west 199.80 feet to an iron pipe; thence south 89 degrees 3G
minutes east 1149.96 feet to an iron pipe;thence south 3 degrees 50 minutes
west 697.22 feet to an iron pipe; thence south 34 degrees 19 minutes west
312.69 feet to an iron pipe; thence south 38 degrees 53 minutes west 293.19
feet to an iron pipe; thence south 28 degrees 01 minute west 195.27 feet
to an iron pipe; thence south 56 degrees 16 minutes west 75.3 feet to an
iron pipe; thence south 48 degrees 04 minutes west 155.53 feet to an iron
pipe; thence south 1 degree 53 minutes 30 seconds east 90.33 feet to an
iron pipe; thence south 40 degrees 17 minutes 30 seconds east 219.87 feet
to an iron pipe; thence south GO degrees 55 minutes east 114.99 feet to
an iron pipe; thence south 1 degree 4 minutes east 200.0 feet to an iron
pipe; thence north 88 degrees 03 minutes 30 seconds east 284.0 feet to an
iron pipe; thence south 4 degrees 17 minutes east 370.52 feet to an iron
pipe; thence south 39 degrees 18 minutes east 66.11 feet to an iron pipe;
thence south 2 degrees 12 minutes 30 seconds west 124.0 feet to an iron
pipe on the east and west 1/4 Section line through the center of Section
22, being also the center line of Lone Pine Road; thence south 88 degrees
54. minutes 30 seconds east 543.3 feet along the 1/4 Sectien line to an
iron pipe; thence north 1 degree 44 minutes west 131.45 feet to an iron
pipe; thence north 37 degrees 39 minutes cast 1720.92 feet to a point in
Cranbreok Lake, thence south 57 degrees 32 minutes east 241.0 feet to a
.point in Cranbrook Lake; thence south 82 degrees 45 minutes 30 seconds
east 514.61 feet to an iron pipe on the east shore of -Cranbreok Lake;
thence south 75 degrees 02 minutes 30 seconds east 69.22 feet to an iron
pipe; thence south 54 degrees 41 minutes 30 seconds east 78.37 feet to
an'iron pipe; thence south'58 degrees 28 minutes east 28.59 feet to an
iron pipe in the center of Cranbr00% Road; thence north 22 degrees 54
minutes
30 seconds east 20S.55 feet along the center of Cranbrook Road;
thence north 22 degrees 55 minutes east 821.18 feet to an iron pipe;
thence north 22 clzgrevs 53 minutes 30 seconds east 130.3 feet to an
iron nice; ircm7the center line of said rozd north 42
degrees 15 minutes 30 seconds west 287.77 feet to an iron pipe; thence
A-2
•
north 41 degrees 54 minutes 40 secondswest 169.33 feet to the point of
beginning of a 10 degree 16 minute 20 second curve to the left, a dis-
tance of 505.96 feet, said curve having a radius of 558.5 feet, a delta •
of 51 degrees 54 minutes 20 seconds and long chord bearing north 67
degrees 5]. minutes 50 seconds west 488.83 feet; thence on a 24 degree 56
minute 50 second curve to the left, a distance of 95.59 feet, said curve
having a radius of 231.48 feet and a delta of 23 degrees 39 minutes 40
seconds and a long chord bearing south 74 degrees 21 minutes 10 seconds
west 94.92 feet, thence on a 12 degree 3 minute AO second curve to the
right, a distanceof 151.21 feet to an iron pipe on the north line of
Section 23, said curve having a radius of 475.916 feet and a delta of
18 degrees 12 minutes 14 seconds and long chord bearing south 71 degrees
37 !minutes 27 seconds west 150.58 feet; thence north 89 degrees 53
minutes west 464.31,feet to the point of beginning.
That portion of the Estate known as "Cranbrook" located in Bloomfield
Hills, Oakland County, Michigan bounded and described as follows: A
parcel of land in the north 1/2 of Section 22, Bloomfield Township,
Oakland County, Michigan described as follows: Beginning at a point
which is north C9 degrees 39 minutes 48 seconds west 333.12 feet and
thence south 3.degrees 50 minutes west 199.8 feet from the Quarter
Section corner on the north line of said Section 22; thence from this
point of beginning south 89 degrees 36 minutes east 1149.96 feet; thence
south 3 degrees 50 minutes west 160.0 feet; thence north 89 degrees 36
minutes west 1149.96 feet; thence north 3 degrees 50 minutes east 160
feet to the point of beginning. •
A parcel of land lying in Sections 15 and 22, town 2 north, range 10
east, described as follows: Beginning at southeast corner of southwest
1/4 of said Section 15; thence north 0 degrees 11 minutes .30 seconds east
870.0 feet to an iron pin in center of public -highway known as Bloomfield
-Center Road; thence south 40 degrees 2 minutes west 1140.05 feet along
center of said road to an iron pin in south section line of said Section
15; :thence north 89 degrees 50 minutes east along said southerly section
line 397 feet to an iron pin; thence south 3 degrees 44 minutes west
1369.05 feet to an iron pin in a willow tree; thence south 89 degrees 47
minutes east 315.35 feet to an iron pin in east line of northwest 1/4 of
said Section 22; thence north 4 degrees 28 minutes 30 seconds east along
said 1/4 Section line 1372.8 feet to place of beginning, containing 17.76G
acres of land. Excepting therefrom that portion of the above described
land heretofore deeded by the Booth Realty Company to George G. Booth
by Warranty Deed dated June 30, 1925, recorded in Register of Deeds Office - of Oakland County in liber 452 of Deeds,page 540.
Also EXCEPT that part of said land which is included in the two (2)
preceding descriptions.
EXCEPT FROM A2OVE PARCELS ALL OR A.= PART OF THE FOLLOWING TWELVE (12)
PARCELS OF LAND WHICH ARE INCLUDED IN SAID LAND:
Land in the City of Dloomficld Hills, Oakland County, Michigan
• described as: A parcal of land contained in northeast 1/4 of
• Section 22, town 2 north, range 10 east, described as follows:
Beginning at a concrete monumant on east and west Section line
between Sections 15 and 22, and situated south 69 degrees 52 minutes
west 293.2 feet and north 89 degrees 45 minutes west 77 feet from
Section corner common to Sections 14, 15, 22 and 23; thence south
56C feet along west side of tingswood School for Girls property;
thence south 30 dcsrees 00 minutes west 508 feet; thence west 567.5
feet; thence north 30 degrees 00 minutes west 243.5 feet; thence
north 799 feet to Section line between Sections 15 and 22; thence
south 89 degrees 45 minutes east,942.6 feet to point of beginning.
A-3
usa6155 FAGE580
Parcel of lend situate and being in the City of Bloomfield halls,
Coumty of.0-.kland and State of Michigan described as: Commencing at
a point on the east boundzi.ry of the Cranbrook Institute of Science
property and situated as follows: Beginning at the section cornet'
cormaon to Sections 14, 15, 22 and 23; thence south C9 degrees 52 minute
west 293.2 feet, and north 89 degrees 45 minutes west 77 feet along the
section line between Sections 15 and 22; thence south 568 feet along .
the west side of the Kingswood School for Girls property to the point o
eanmencement; thence due south 440.5 feet to a- concrete monument maekinc
the southeast corner to thc property; thence west 253 feet; thence nort:
30 degrees 00 minutes east 506 feet to the Point of beginning; this lam
forming the southeast addition to the property.
A parcel, of land described as follows: Commencing at a point on the
south boundary of the property and situated 820.5 feet went from the
southeast corner of the property and described above; thence west 121.9
'feet to a cone:etc monumsnt forming the southwest corner of the propert)
thence north 210.8 feet; thence south 30 degrees 00 minutes east 243.5 '
to the point of commencement; this land forming the southwest addit 4 ca t
• the property.
•'he above described two parcels of land are wholly contained in the
-northeast 1/4 of Section 22, town .2 north, range 10 east, Bloomfield •
TowMehip, Oakland County, Michigan.
A parcel of land described as follows: Commencing at a. Point on the
section line between Sections 15 and 22 and situated as follows: Eeginni
at the Section corner common-to Sections 14, 15, 22 and 23; thence south
89 degrees 52 minutes west 293.2 feet, and north 89 degrees 45 minutes
west 1019.6 feet to the point of commencement; thence south 175 feet;
thence west 1009 feet; thence north 7C degrees 34 minutes west122.5 feet
thence north 55 degrees 16 minutes 48 seconds west 104.1 feet; thence
• north 3 degrees 50 minutes cast 73.75 feet to the 1/4 section line betwe(
Sections 15 and 22; thence south 89 degrees 39 minutes 48 seconds east
333.12 feet along the seme section line to the 1/4 section corner; thane:
following the same section-line South 69 degrees 45 minutes cast 876.05
feet to the point'of commencement.
Land in the City of Blocmfield Hills, Oakland County, Michigan described
as: Com:imecing at a point in the center of Lone Pine Road situated
south 88 degrees 54 minutes 30 seconds east 942.30 feet 'from the center
Of Section 22, town 2 north, range 10 cast, Bloomfield Township, Oakland
County, Michigan; thence north 2 degrees 12 minutes 30 seconds east 124
.feet; thence north 39 degrees 18 minutes west 6G.11 feet; thence north
4 degrees 17 minutes west 639 feet; thence north 85 degrees 43 minutes
east 207 feet; .thence north 70 degrees 36 minutes east 646 feet; thence
south 85 degrees 57 minutes east 510 feet; thence south 37 degrees 39
minutes west 1118.92 feet; thence south 1 degree 44 minutes east 131.45
feet to the center of Lone Pine Road; thence north 88 degrees 54 minutes
30 seconds west 549.30 feet along the center line of Lone Pine Road and '
which is also the east and west center line of Section 22 to the point of commencement.
The above described land is all contained within the northeast 1/4 of
Section 22, town 2 north, range 10 east, Bloomfield Township, Oakland
County, Michigan.
A-4
• U3ER6155 PAGE 581 •
Land in the City of Bloomfield Hhllz , Oakland County, Michigan describe:
.as: A portion of Section: 14, 22 and 23, town 2 north, range 10 east,
described as: Beginning at section corner common to Sections 14, 15,
22 and 23, thence south 89 degrees 52 minutes west 293.2 feet to an ire;
pipe on Section line; thence north 89 degrees 45 minutes. west 77 feet tc
a concrete monument on Section line; thence south 568 feet to a concrete
monument; thence cast 75 feet to a concrete monument; thence due south
260.0 feet to a point in center of a concrete bridge over the Rouge Rive
at north end of Cranbrook Lake; 'thence south 36 degrees 24 minutes 38
seconds east 313.07 feet to a point in Cranbrook Lake; thence south 57
degrees 32minutes east 435 feet to a point in Cranbrook Lake; thence
south 82 degrees 45 minutes 30 seconds east 514.61 feet to an iron pipe
on east shore of Cranbrook Lake; thence south 79 degrees 2 minutes 30
seconds east 69.22 feet to an iron pipe; thence south 54 degrees 41
minutes 30 seconds east 78.37 feet to an iron pipe; thence south 58
degrees 28 minutes east 20.59 feet to an iron pipe in center of Cranbrool
Road; thence north 22 degrees 54 minutes 30 seconds east 209.55 feet
along center of Cranhrook Road to an iron pipe; thence north 22 degrees
55 minutes cast 831.16 feet to an iron pipe; thence north 22 degrees 53
minutes 30 seConds cast 130.3 feet to an iron pipe; thence northerly
from center line of said road north 42 degrees 15 minutes 30 seconds
west 287.77feet to an iron pipe; thence north 41 .degrees 54 minutes 40
seconds west 169.33 feet to point of beginning of a 10. degree 16 minute
20 second curve to left, a distance of 505.96 feet, said curve having
a radius of 558.5. feet, a delta of 51 degrees 54 minutes 20 seconds
and a long chord bearing north 67 degrees 51 minutes 50 seconds west •
488.63 feet; thence on a 24 degree 56 minute 50 secOnd curve to left,
a distance of 95.59 feet, said curve having a radius of 231.48 fee
and a delta of 23 degrees 39 minutes 40 seconds and a long chord
bearing south 74 deerees 21 minutes 10 secondS'west 94 ..92 feet; thence
on a 12 degree 3 minute 40 second curve to right, a distance of 151.12
feet to an iron pipe on north line of Section 23, said curve having a
radius of 475.916 feet and a delta of 18 degrees 12 minutes 14 seconds
and a long chord bearing. south 71 degrees 37 minutes 27 seconds west
150.58 feet, thence north 89 degrees 53 minutes west 464.31 feet to
point of beginning.
Land in the City of Bloomfield Hills, OaRland County, Michigan described
as: Commencing at a point now marked by a concrete monument on the
east boundary line of the property of the Cranbrook Institute of Science
and situated as follows: Beginning at the section corner common. to
Sections 14, 15, 22 and 23 of Bloomfield Township, Oakland County,
Michigan; thence south 89 degrees 52 minutes west 293.2 feet along the
section line between Sections 15 and 22; thence north 89 degrees 45
minutes west 77 feet along the same line to a concrete monument; thence
South 568 feet to the point of commencement, 'thence east 75 feet to a
concrete monument; thence south 260 feet to a point on the concrete
bridge; thence south 36 degrees 24 minutes 38 minutes east 375.07 feet
to a point in Cranbrcok Lake; thence south 57 degrees 32 minutes east
244 feet to a point in Cranbrool: Lake; thence south 37 degrees 39
minutes west 118.5 feet to a point in Cranbrook Lake; thence north S2
degrees 45 minutes 30 seconds west 434 feet to a concrete monument;
thence north 291.5 feet to a concrete monument marking the southeast
.corner of the Cranbrook Institute of Science propertyf thence north
along the east boundary line of that property: 440.5 feet to the point
of commemcement.
The abo;.re described parcel of land is in part contained in the northeast
.1/4 of Section 22 and in part contained in the northwest 1/4 of Section
23, of City of Bloamfield Hills, Oakland County, Michigan.
una6155 FAGE582
.I..mnd in the City of Bloomfield Hills, Oakland County, Michigan
described as: Part of Section 22, beginning at the center of
Section 22, Bloomfield Township, Oakland County, Michigan; thence
south 88 degrees 54 minutes 30 seconds cast 943.30 feet along the
one-quarter Section line; thence north 2 degrees 12 minutes 30
seconds. east 124.00 feet; thence north 39 degrees 16 minutes west
.66.11 feet; thence north 4 degrees' 17 minutes west 420.52 feet to
'-the point of commencement; thence south 89 degrees 26 minutes
;west 281.00 feet; thence north 1 degree 4 minUtes west 143 feet
.:to center of what was at one time a roadway; thence north 60 degrees
'55 minutes west 114.99 feet; thence north 40 degrees 17 minutes 30
:seconds west 219.87 feet; thencu north 1 degree 53 minutes 30
seconds west 90.33 feet; thence north 48 degrees 4 minutes east .
-155.59 feet; thence north 56 degrees 16 minutes east'75.30 feet;
.thence north 28 degrees 1 minute east195.27 feet; thence north 38
:degrees 53 minutes east 293.19 feet; thence north 34 degrees 19
.minutes east 312.69 feet; thence north 3 degrees 50 minutes east
.537.22 feet; thence north 89 degrees .36 minutes west 1149.96 feet;
-thence north 3 degrees 50 minutes east 286 feet; thence south 55
degrees 18 minutes 48 seconds east 104.1 feet; thence south 70
.degrees . 34 minutes east 122.5 feet; thence due east 1009 feet to the
west boundary line of the Cranbrook Institute of Science.propertv;
-thence due south C34.8 feet; thence south 35 degrees 45 minutes west
468 feet; thence south 1 degree 4 minutes east 764.18 feet to the
,point of commencement.
A parcel of land lying in Section 15, town 2 north, range 10 east,
described as follow.F.: Beginning at a point on the south section line
of said Section 15, situated north 89 degrees 39 minutes 48 seconds
west and 422.7 feet frcm the southeast corner of the southwest 1/4
of the Section; thence north 55 degrees 18 minutes 48 seconds west
along the northeasterly side of a separately described right of way
237 feet more or less to the center of the Bloomfield Center Road;
thence south 40 degrees2 minutes west along the center of the same
road 174 feet more or less to the south section line of Section 15;
thence south 69 degrees 39 minutes 46 seconds east along the same
section line 308 feet more or less to the point of beginning.
• A parcel of land situated in the north 1/2 of Section 22, town 2
north, range 10 east, Bloomfield Township described as follows:
Beginning at a point situated as follows: Beginning at the center
of Section 22; thence south 88 degrees 54 minutes 30 seconds east
943.30 feet along the 1/4 section line; thence north 2 degrees 12
minutes 30 seconds east 124.0 feet; thence north 39 degrees 18
minutes west 66.11 feet; thence north 4 degrees 17 minutes west
370.52 feet to the point; thence south 08 degrees 3 minutes 30
seconds west 284.0 feet; thence north 1 degree 04 minutes west 57
feet; thence north 89 degrees 28 minutes east 281 feet; thence
south 4 degrees 17 minutes east 50 feet to the point of beginning.
• LIBER61 55 FA6E 583
Land situated and being in the north 1/2 of Section 22, town 2 north,
range 10 east, described as follows: Beginning at the center of
Section 22, thence south 88 degrees 54 minutes 30 seconds east 9'43.30
feet along the one—quartet Section line; thence north 2'degrees 12
minutes 30 seconds east 124.0 feet; thence north 39 degrees 18 minute:
west 66.11 feet; thence nOrth 4 degrees 17 minutes west 370.52 feet;
'thence south 88 degrees 3 minutes 30 seconds west 284.0 feet; thence
-north 1 degree 4 minutes west 200.0 feet to the center of a 20 foot
roadway now constructed on said property; thence along the center lin(
of said roadway with the curvature thereof according to the following
'meander, north 60 degrees 55 minutes west 114.99 feet; thence north 4(
degrees 17 minutes 30 seconds •::e.st 219.87 feet; thence north 1 degree
53 minutes 30 .seconds west 90.33 feet; thence north 48 degrees 4
'minutes cast 155.59 feet; thence north 56 degrees 16 minutes east 75.7
feet; thence north 2C degrees 1 minute east 195.27 feet; thence north
•38 degrees 53 minutes cast 293.19 feet; thence north 34 degrees 19
.minutes east 312.69 feet; thence leaving the center line of said road
.north 3 degrees 50 minutes east 537.22 feet; thence north 89 degrees :
Minutes west 1149.96 feet; thence south 3 degrees 50 minutes west 10 1,
feet; thence south 29 degrees 43 minutes 30 seconds east 315.02 feet;
thence south 4 degrees 33 minutes 10 seconds west 1372.69 feet to the
•point of beginning; together with the right to use for ingress and
egress to. the above described parcel a 30 foot right of way on a route
hereafter laid out from the north side of the above described premises
-northerly to the public highway known as the Bloomfield Center Road.
Part of the southwest 1/4, Section 15, town 2 north, range 10 east,
Bloomfield Township, described as follows: Beginning at the southeast
corner of the southwest 1/4 of said Section, thence north 89 degrees
39 minutes 48 seconds west along south section line 422.12 feet; thence
north 55 decrees 18 minutes 4S seconds west 237 feet, more or less to
center of Bloomfield Center Road; thence north 40 degrees 02 minutes
east along center of said road 966.05 feet to a point upon the north
and south 1/4 line of said Section; thence south 0 degrees 11 minutes 3
seconds west 870.05 feet along .said 1/4 section line to the point of
beginning.
BUT INCLUDING THE FOLLCWING TWO (2) PARCELS OF LAND WHICH HAVE BEEN
EXCEPTED IN WHOLE OR PART BY EXCEPTION SET FORTH ABOVE:
Land in the Village (now City) of Bloomfield Hills,-Township of Bloomfi
Oakland County, Michigan described as follows: Commencing at the 1/4
. Section corner of Sections 15 and 22 of Bloomfield Township, Oakland
County, Michigan; thence south 89 degrees 45 minutes east 1203.05 feet
along the Section line to a point on the westerly bank of the Rouge Iiiv thence along the westerly bank of the said river and to .the east and so
of the present sewage disposal plant 480 feet more or less to an iron
monument set in concrete in the river;thence west 1009 feet to an iron
monument on the northerly side of the paved road, known but not reco):Ce(
as the Valley Farm Road; thence along the same side of the road 122.5
feet to in iron monument; thence north 55 degrees 18. minutes 48 seconds •west 233.1 feet to an iron monument in the east and west section line
between Sections 15 and 22; thence south 89 degrees 39 minutes 48 seec::: east 444.62 feet to the point of beginning.
usaiOD ?u584
—.7- Part of Lot 30, Oak Knob Farms Subdivision and part of the southwest
1/4 of Section 15-and part of the northwest 1/4 of Section 22, tOwn •
2 north, range 10 cast, City of Bloomfield Bills, Oakland County,
Michigan described as: Beginning at a point in the centerline of 50
foot Vaughan Road at a corner of Oak Knob Farms Subdivision in the
north line of said Section 22, said point being located north 38
degrees 54 minutes east along said centerline 136.1 feet from the
southeast corner or most southerly corner of Country Club Estates
Subdivision, thence north 40 degrees 02 minutes east along center-
line ofsaid Vaughan Road 174.0 feet,thence south 55 degrees 17 minutes
east 468.33 feet; thence south 0 degrees 31 minutes cast-.180.22 feet,
. thence south 89 degrees 27 minutes east 73.31 feet, thence south 0
degrees 33 minutes west 77.92 feet, thence north 85 degrees 27 minutes
west 806.62 feet to easterly line of said 50 foot Vaughan Road; thence
north 38 degrees 54 minutes east along said easterly line 401.85 feet
to northwest corner of Lot 30, Oak Knob Farms Subdivision on north
line of said Section 22,thence north 89 degrees 40 minutes west along
section line 32.50 feet to the point of beginning, containing 5.290
acres, more or less.' • •
ALSO INCLUDING:
Beginning at the southwest corner of the northwest 1/4 of
.Section 23, Bloomfield Township, Oakland County, Michigan,
said corner being common to both Sections 22 and 23; thence along
-the east and west 1/4 Section line of Section 22 north 88 degrees
54 minutes 30 seconds west 916.82 feet to a point; thence north
1 degree 44 minutes west 131.45 feet to a point; thence north 37
degrees 39 minutes east 1602.42 feet to a point in Cranbrook Lake,
said point being on the south boundary line of the Kingswood
School for Girls property; thence along the above-mentioned .
south boundary line of the Kingswood property south 82 degrees
45 minutes 30 seconds east 792.61 feet to a point on the east
•shore of Cranbrook Lake; thence south 79 degrees 2 minutes 30
seconds east 69.22 feet to a point; thence south' 54 degrees 41: .
minutes 30 seconds east 78.37 feet to a point; thence south 58
degrees 28 minutes cast 28.59 feet to a point in the centre of
Cranbrook Road; thence south 22 degrees 54 minutes 30 seconds'
west 229.2 feet to a point; thence south 23 degrees 11 minutes
30. seconds west 44.34 feet to a point; thence south 3 degrees
U. minutes-east 200.2 feet to a point; thence south 3 degrees
13 minutes east 783.38 feet to the intersection of Cranbrook-
and Lone Pine Roads upon the Quarter Section line of Section 23,
thence south 89 degrees 24 minutes 20 seconds west along the
Quarter Section line 949.13 feet to the point of beginning.
Lots 23, 24, 25 and 26, South Cranbrook Subdivision as recorded in
liber 37 page 27 of plats, Oakland County Records.
EXCEPT THE FOLLOWING: ' Part of.Lots 23 and 24 of South Cranbrook Subdivision, described as
beginning at the southwest corner of Lot 23, thence northerly along
the line common to Lots 23, 24 and 26 to the northeast corner of Lot
26, thence easterly, parallel to the southerly line of said Lot 23,
to the westerly line of 44 foot Church Road, thence southerly along
said westerly line to the southeast corner of said Lot 23, thence
westerly along the south line of said Lot 23 to the point of beginning.
A-8
.111n
usE361 55 FA6E5 8 5
C\..) Lot 15, Briarbank, a Subdivision, as recorded in liber 51 of plats,
C= page 24, Oakland County Records.
arq
Part of the west 1/2 of the northwest 1/4 of Section 23, town 2 north,
range 10 east, City of Bloomfield Hills, Michigan described as:
C-C Commencing at a point on the center line of Cranbrook Road distant
In north 2 degrees 45 minutes west 637.63 feet from the intersection of
center line of Cranbrook Road and the center line of Lone Pine Road;
thence continuing along the center line of Cranbrook Road north 2
la
degrees 45 minutes west 153.45 feet; thence north 85 degrees 34 minutes
east 294.53 feet; thence south 2 degrees 45 minutes east 27.80 feet;
thence south 30 degrees 41 minutes east 58.65 feet; thence south 37
degrees 18minutes 38 seconds west 110.13 feet; thence south 87 degrees
57 minutes 30 seconds west 252.61 feet to the place of beginning,except
i the rights of public n the highway. Now purports to be Lot 17 of
"Assessor's Plat No. 6", according to plat thereof as recorded in
52 of plats, page 24, Oakland County Records.
That part of Lot 20, Assessor's Plat No.6 of the Village of Bloomfield
Hills, as recorded in the Office of the Oakland County Register of
Deeds in liber 52 of plats, page 24, on Aor 4 1 10, 1931, that lies west
of the center of the River Rouge.
Land in the City of Bloomfield Hills, Oakland County, Michigan described
as: A part of the south 1/2 of the northeast 1/4 of Section 23, town
2 north, range 10 east, Bloomfield Township, Oakland County, Michigan,
described as follows: Commencing at a point on the east and west 1/4
line of Section 23, situated 930.70 feet east from the center of the
same section; thence east from this point 539.04 feet along the same
east and west 1/4 line to the southeasterly corner of the land being
described, said corner being situated on the westerly boundary of
Woodward Avenue; thence northerly along the westerly boundary of
Woodward Avenue 571.32 feet to an iron; thence south 56 degrees 51
minutes west 270.59 feet; thence south 333.21 feet to the point of
beginning. Containing 2.82 acres.
Now purports to be Lot 29, Assessor's Plat No. 6, according to the
plat thereof recorded in liber 52 of plats, page 24, Oakland County
Records.
Land in the Township of Tyrone, Livingston County, Michigan described
as: The east 1/2 of Section 24, town 4 north, range 6 east, excepting
therefrom the north 89.4 acres thereof. Subject to the rights of the
public and of any governmental unit in any part thereof taken, used
or deeded for street, road or highway purposes.
Subject to restrictions and easements of record, if any. "fit4^•%1%.1
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109.
Exhibit B
BOND PURCHASER'S OR PLACEMENT AGENT'S
COMMITMENT LETTER
.1
I'11131 11.Qurs,
Vice President
Public Finance Group
313-222-2911
MEM Comeca Securities
'umber NAso/SIPC
3rd Floor, MC 3089
201 W. Fort etreat
Detroit, MI 48228
May 8, 2001
Mary P. Langhauser
Supervisor Financial Services Development and Planning
The Economic Development Corporation of the County of Oakland
1200 N. Telegraph Road
Pontiac, Michigan 48341-0412
Dear Ms. Langhauser:
Comerica Securities is providing this letter to express a desire to purchase and underwrite
approximately $10,500,000 of limited obligation revenue bonds to be issued by the Economic
Development Corporation of The County of Oakland for the benefit of Cranbrook Educational
Community to finance various capital improvements and technology, subject to mutually
acceptable terms.
cc: S. Earp
T. Donnelly, Esq.
U. Hedgespeth
R. Schwartz, Esq.
41 •,
Exhibit C
COMPANY CERTIFICATE REGARDING
TRANSFER OF EMPLOYMENT
(Cranbrook Educational Community Project)
The undersigned, Cranbrook Educational Community, a Michigan nonprofit
corporation (the "Company"), hereby certifies to The Economic Development Corporation of
the County of Oakland (the "EDC") as follows:
1. This Certificate is made and based upon the best of the Company's knowledge
and belief, only after thorough investigation and discussion with all owners of the Company
and others who might have knowledge regarding the subject matter.
2. The Company acknowledges that this Certificate will be employed by the EDC
as the sole basis for the EDC's certification to the Board of Commissioners of the County of
Oakland as to transfer of employment as required by Section 8(3) of the Economic
Development Corporations Act, Act No. 338 of the Michigan Public Acts of 1974, as amended
(the "Act").
3. The Company understands that the EDC's Certification to the Board of
Commissioners of the County of Oaldand is a statutory requirement which, if improperly made
or based upon any material misrepresentation or inaccuracy, might invalidate the proceedings
regarding the Cranbrook Educational Community Project (the "Project") pursuant to which the
EDC expects ultimately to issue its limited obligation economic development revenue bonds to
finance all or part of the Project.
4. As of the date hereof, the Project shall not have the effect of transferring
employment of more than 20 full-time persons from a municipality (as that term is defined in
the Act) of this State to the City of Bloomfield Hills, Michigan, the municipality in which the
Project will be located.
5. The Company understands that a covenant to effectuate the purposes of this
Certificate will be included in those covenants to be made by the Company when bonds are
issued by the EDC for the benefit of the Project.
CRANBROOK EDUCATIONAL COMMUNITY,
a Michigan nonprofit corporation
By:
Its: Vice President for Finance and
Administration
Dated: 5-- 8-61
CRANBROOK EDUCATIONAL COMMUNITY,
a Michigan nonprofit corporation
By:
Exhibit D
COMPANY CERTIFICATE REGARDING
PAYMENT OF PREVAILING WAGES
(Cranbrook Educational Community Project)
The undersigned, Cranbrook Educational Community, a Michigan nonprofit
corporation (the "Company"), hereby certifies to The Economic Development Corporation of
the County of Oakland (the "EDC") as follows:
1. The Company understands that this Certificate is a statutory requirement under
the Economic Development Corporations Act, Act No. 338 of the Michigan Public Acts of
1974, as amended (the "Act") which, if improperly made or based upon any material
misrepresentation or inaccuracy, might invalidate the proceedings regarding the Cranbrook
Educational Community Project (the "Project") pursuant to which the EDC expects ultimately
to issue its limited obligation economic development revenue bonds to fmance all or part of the
Project.
2. Within the meaning and intent of Section 8(4)(h) of the Act, all persons
performing work on the construction of the Project will be paid the prevailing wage and fringe
benefit rates for the same or similar work in the locality in which the work is to be performed,
as determined pursuant to Act No. 166 of the Michigan Public Acts of 1965, as amended.
Its: Vice President for Finance and
Administration
Dated: 5" S-A
GABEconDev Oakland \BOND \Cranbroo \ Project Plan.doc
•
4* 1.•
Resolution #01155 June 14, 2001
Moved by Palmer supported by Moss the resolutions on the Consent Agenda,
as amended, be adopted (with accompanying reports being accepted and
appointments being confirmed).
AYES: Appel, Brian, Buckley, Causey-Mitchell, Crawford, Dingeldey,
Garfield, Gregory, Law, Melton, Moffitt, Moss, Obrecht, Palmer, Patterson,
Sever, Suarez, Taub, Webster, Amos. (20)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolutions on the
Consent Agenda, as amended, were adopted, with accompanying reports being
accepted and appointments being confirmed.
RESOLUTION'
4/)-010)
oaks Pafrerson. County bkocutive 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 June 14, 2001 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 14')Iday June, 2001.
G. William Caddell, County Clerk