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HomeMy WebLinkAboutResolutions - 2002.08.08 - 26730August 8, 2002 MISCELLANEOUS RESOLUTION 102181 BY: PLANNING AND BUILDING COMMITTEE, CHARLES E. PALMER, CHAIRPERSON IN RE: PLANNING AND ECONOMIC DEVELOPMENT SERVICES DIVISION RESOLUTION APPROVING PROJECT PLAN (EVEREST ACADEMY PROJECT) - INDEPENDENCE TOWNSHIP 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 Independence Township, 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 Planning Building Committee Vote: Motion carried on unanimous roll call vote with Brian, Garfield and Gregory absent THE ECONOMIC DEVELOPMENT CORPORATION OF THE COUNTY OF OAKLAND Oakland County, Michigan Everest Academy 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 - Company Certificate Regarding Payment of Prevailing Wages "E" - Site Plan PROJECT PLAN SUMMARY DESCRIPTION OF EVEREST ACADEMY PROJECT OWNER OF PROJECT: Everest Academy, a Michigan nonprofit corporation CONTACT PERSON: (Name, address, telephone number) Brother Michael Zirkle Consolidated Catholic Administrative Services, Inc. Assistant Treasurer 584 Columbus Avenue P.O. Box 162 Thornwood, NY 10594-0162 (914) 773-1368 (914) 773-1396 (Fax) LOCATION OF PROJECT: (Local municipality) Independence Township PROJECT AREA/DISTRICT AREA: See Exhibit A NATURE OF PROJECT: Construction and equipping of a new kindergarten/elementary school and a new central power plant building. EMPLOYMENT CREATED OR RETAINED: At least 9 new permanent jobs created and 56 existing jobs retained. TOTAL PROJECT COST: $15,255,100 BONDS TO BE ISSUED: $5,000,000 LETTER OF CREDIT ISSUER OR BOND PURCHASER: Citizens Bank (Letter of Credit Issuer) Robert W. Baird & Co. Incorporated (Bond Purchaser) DATE AND EXPIRATION DATE OF LETTER OF CREDIT OR BOND PURCHASE COMMITMENT: Letter of Credit expires August 15, 2007 2 By: Its: Dated: 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. EVEREST ACADEMY 3 PROJECT PLAN STATUTORILY REQUIRED INFORMATION REGARDING EVEREST ACADEMY 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 Project District Area presently encompasses the existing Everest Academy which serves pre-kindergarten through eighth grade students. No public facilities exist or are proposed in the Project Area. The Project Area/District Area will include the new kindergarten/elementary school and central power plant building. 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: The existing improvements in the Project Area will be altered insubstantially, only to accommodate the new construction of the other facilities. Such alterations will be made concurrently with the new construction. 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: Building construction $12,717,081 Complete July, 2002 Site work 1,205,738 Completed Machinery and equipment 397,417 Completed Engineering and other fees 424,398 Completed The kindergarten/elementary school will consist of two floors and a total of 64,074 square feet. The central power building will consist of one floor of 3,735 square feet. 4 IV. A DESCRIPTION OF THE CONSTRUCTION OR STAGES OF CONSTRUCTION PLANNED, AND THE ESTIMATED TIME OF COMPLETION OF EACH STAGE: See III above. V. A DESCRIPTION OF THE PARTS OF THE PROJECT AREA TO BE LEFT AS OPEN SPACE AND THE USE CONTEMPLATED FOR THE SPACE: See Exhibit E. The new facilities will use approximately 4 acres of the Academy's existing 55-acre campus, with 25 acres left for green areas and long-term development. 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 5 VII. A DESCRIPTION OF DESIRED ZONING CHANGES AND CHANGES IN STREET, STREET LEVELS, INTERSECTIONS AND UTILITIES: Not Applicable 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 proposed to be financed with the proceeds of sale of the EDC's limited obligation revenue bonds. The bonds will be sold by Robert W. Baird & Co. Incorporated. The bonds will be secured by a letter of credit issued by Citizens Bank. Copy of Letter of Credit or bond purchaser'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 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: Eduardo Grandio, National Supervisor of Schools The School Board: Emilio Diaz-Torre Juan Sabadell Oscar Marroquin Jason John Wallace 6 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, and will be owned and operated by, Everest Academy, a Michigan nonprofit corporation. 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 XIV. A PLAN FOR ESTABLISHING PRIORITY FOR THE RELOCATION OF PERSONS DISPLACED BY THE PROJECT IN NEW HOUSING IN THE PROJECT AREA: Not Applicable 7 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 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 8 Exhibit A PROJECT AREA LEGAL DESCRIPTION Parcel 1 A parcel of land located in the SE 1/4of the SE 1/4of the Section 16, T4N, R9E, Independence Township, Oakland County, Michigan, described as: Beginning at the SE corner of said Section 16 and extending N. 88 degrees 20' 33" W., 1331.47 feet along the South Section line; thence N. 02 degrees 22' 01" E., 1325.08 feet; thence S. 88 degrees 12' 05" E., 641.54 feet; thence N. 01 degrees 56' 41" W., 455.40 feet; thence S. 88 degrees 12' 05" E., 330.00 feet; thence N. 01 degrees 56' 41" E., 455.40 feet; thence S. 88 degrees 12' 05" E., 350.15 feet; to the East Section line; Thence S. 01 degrees 56' 41" W., 1321.74 feet along said east line to the Point-of-Beginning and containing 36.852 Acres of land. The North part subject to road right of way for Clarkston-Orion Road, both present and future. Also subject to easements and right of ways of records. Parcel 2 Part of the SE 'Aof the SE 1/4of Section 16, T4N, R9E., Independence Township, Oakland County, Michigan described as: Commencing at the SE corner of said Section 16 and extending along the East Section line N. 01 degrees 56' 41" E., 1321.74 feet, (previously recorded as 1322.00 ft.) and N. 88 degrees 12' 05" W., 350.15 feet to the Point of Beginning: thence S. 01 degrees 56' 41" W., 455.40 feet; thence N. 88 degrees 12' 05" W., 330.00 feet; thence N. 01 degrees 56' 41" E., 455.40 feet; to the 1/16 line in Clarkston-Orion Road; thence N. 88 degrees 12' 05" E., 330.00 feet to the point of beginning and containing 3.45 acres of land, the north 33 feet subject to road right of way. • LETTER OF CREDIT OR BOND PURCHASER'S COMMITMENT LETTER Pagel Citizens Bank Citizens Banking Corporation Citizens Bank Financial Center 32200 Schoolcraft Road Livonia, MI 48154 June 27, 2002 Everest Academy Brother Michael Zirkle 5935 Clarkston Road Clarkston, MI 48348 Mr. & Mrs. Thomas Thewes P.O. Box 694 Bloomfield Hills, MI 48303 Dear Brother Michael, Mr. and Mrs. Thewes, I am pleased to inform you that Citizens Bank has approved credit as outlined below: BORROWER: EVEREST ACADEMY TYPE OF CREDIT FACILITY: A Secured Letter of Credit not to exceed Five Million and 00/100 Dollars ($5,075,000). USE OF PROCEEDS: The Letter of Credit will be used to support a bond issuance underwritten by Robert W. Baird & Co. Proceeds of the bond issuance will be used to complete construction on the Kinder building and payoff interim financing. INTEREST RATE: If the Letter of Credit is in default and drawn on, the interest rate will be variable based upon Citizens Bank prime commercial borrowing rate plus 1% per annum, adjusted daily. Citizens Bank's prime rate is the rate announced by Citizens Bank from time to time as its prime Commercial lending rate and is not necessarily the lowest rate charged by Citizens at any time. LETTER OF CREDIT FEE: The bank will charge an annual Letter of Credit Fee equal to 1% of the outstanding balance. In addition, a monthly draw fee of One Hundred and 00/100 Dollars ($100.00) for the duration of the bonds. MESS In= Form No. 3535.2 15/97) Exhittit B • LETTER OF CREDIT OR BOND PURCHASER'S COMMITMENT LETTER Page 2 COMMITMENT FEE: Citizens Bank will charge a Commitment Fee in the amount of 1/4% of the Letter of Credit, due at the time of the Loan Closing. TERMS OF REPAYMENT: Interest only payments for the first five years. Then, interest and principal payments commence for the remaining 15 years. This Letter of Credit will have rolling 5-year terms, for a total of 20 years. COLLATERAL: To secure the repayment of the Loan and the performance of all of Borrower's obligations to Citizens Bank, Citizens Bank is to be granted: GUARANTORS: The loan is to be guaranteed by Mr. Thomas Thewes and Mrs. Beverly Thewes as to the payment of all indebtedness and the performance of all obligations of Borrower to Citizens. The guaranty shall be secured by $5,582,500 in marketable securities. OTHER CONDITIONS: Borrower shall maintain its present business form and organization, comply with all applicable laws, and continue to conduct and operate its business substantially as conducted and operated at present. Deposit relationship to be established prior to closing. Bond documents must specify Letter of Credit re-pricing option after five years. Documents to be approved by Citizens Bank Legal Counsel. Borrower shall deliver to Citizens within 30 days after the close of each quarter quarterly management prepared financial statements of the Borrower. Borrower shall deliver to Citizens within 90 days after the close of each year annual audited financial statements of the Borrower. Borrower shall deliver to Citizens within 30 days after the close of each year a copy of the management prepared budget. Upon request, guarantors shall provide a copy of their Federal Tax Return and an updated personal financial statement. Monthly statement from Broker to ensure proper margin. 2 Exhitit B LETTER OF CREDIT OR BOND PURCHASER'S COMMITMENT LETTER Page 3 DOCUMENTATION: The Letter of Credit and the granting of security will be represented and effected by documents prepared by counsel for Citizens. At or prior to the time of closing, Borrower will execute and deliver such documents and do such other acts and things as Citizens may reasonably request in order to fully effect the purposes of the agreements and the completion of the financing arrangements described in this letter. All proceedings, agreements and instruments relating to the making of the Loan and all other transactions herein contemplated shall be satisfactory to Citizens and to our counsel. Our counsel must be satisfied with respect to the legality, validity, binding effect and enforceability of all instruments, agreements, and documents required and used to effect and consummate the loans and transactions herein contemplated. COSTS: All costs incidental to and pertaining to the preparation for closing of this Letter of Credit, regardless of the nature of same, shall be borne by the Borrower.. In the event the Letter of Credit fails to close through no fault of Citizens, Borrower agrees to pay all legal fees and other costs incurred by Citizens. It is understood that the Borrower shall pay all costs pertaining to this Letter of Credit which will include the following: documentation preparation, legal, recording fees, and other incidental expenses as may be required by the Bank or the Bank's attorney. ASSIGNMENT OF COMMITMENT: This Commitment cannot be assigned by Borrower without the prior written consent of Citizens Bank. RELIANCE: This commitment is only binding on Citizens and Borrower. No third party shall be entitled to rely on this Commitment in any manner whatsoever. ACCEPTANCE: This Commitment must be accepted in writing by July 12, 2002. If the Commitment is not accepted by that date, then this commitment shall be null and void. By acceptance of this Commitment, Borrower authorizes Citizens Bank to perform such credit and other investigations of Borrower as Citizens Bank shall deem appropriate. COMMITMENT EXPIRATION DATE: This commitment expires September 13, 2002, unless sooner terminated by the closing and funding of the Loan or extended in writing by Citizens. Citizens may, but shall not be required to, grant written extensions, and shall be entitled to charge and collect additional costs or fees for any extension. REVOCATION: Citizens Bank reserves the right to revoke this Commitment, upon written notice to the Borrower, if any of the following events (as determined in the sole discretion of Citizens) shall occur between the date hereof and the closing of the loan; (i) any adverse change in the financial condition or business prospects of the Borrower or any Guarantor, (ii) any adverse change in the character or value of the collateral to be granted to Citizens in connection with this Loan 3 Exhi6it 1'3 LETTER OF CREDIT OR BOND PURCHASER'S COMMITMENT LETTER Page 4 transaction, (iii) any adverse change in the economic conditions in the industry in which the Borrower does business or in the economy in general, (iv) breach of any conditions contained herein or in the Loan Agreement or other documents executed by Borrower, (v) discovery that any of the representations made at any time by Borrower to Citizens were untrue prior to the closing of the Loan. Should the aforementioned terms and conditions be acceptable to you, please acknowledge the same by signing the appropriate space below and by returning an acknowledged copy of this letter to me no later than July 12, 2002. We are pleased to make this credit available to you. Sincerely, CITIZENS BANK Kenneth A. Michalak Vice President ACKNOWLEDGED AND ACCEPTED: BORROWER: EVEREST ACADEMY I , Title: kik eivorized By: 2%p/e-zez& By: Title: Date: Date: GUARANTORS: By: Date: Mr. Thomas Thewes By: Date: Mrs. Beverly Thewes Cc: Mr. Michael Scalise, Robert W. Baird & Co. Mr. Ralph Caponigro Mr. James Mulvoy 4 Exhibit C COMPANY CERTIFICATE REGARDING TRANSFER OF EMPLOYMENT (Everest Academy Project) The undersigned, Everest Academy, 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 Oakland is a statutory requirement which, if improperly made or based upon any material misrepresentation or inaccuracy, might invalidate the proceedings regarding the Everest Academy 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 Independence Township, 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. EVEREST ACADEMY, a Michigan nonprofit corporation <2" By: ri Its: avit ev 101 ///77/ C -1 Dated: By: Its: Dated: de Exhibit D COMPANY CERTIFICATE REGARDING PAYMENT OF PREVAILING WAGES (Everest Academy Project) The undersigned, Everest Academy, 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 Everest Academy 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. 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. EVEREST ACADEMY G: \E\EconDev \Oakland \BOND \Everest\ Project Plan.doc JUN 12 2002 1:24PM HP LASERJEY 3200 p.12 1„ Attachment A Page 5 DESCI1PTION ALL THAI' PANT OF LOTS 10, 19, AND 10 OF "SASHABAW: HEIGHTS", A SUBDIVISION OF PART OF THE NORTHWEST 1/4 OF SECTION 221 V.4 H. R19 R‘. INDEPENDENC2 TOWNSHIP,. 0AltLAND COWTY MICHIGAN, AO RECORDED IN XaBgil or ZILAT$ ON PG 58, OAKLAND COUNTY RECORDS, AND THAT PART OF TOE gA$T 112 0? T" NORTHEAST 114 OF SECTION 21, n., n.1 IL UV POW $11 CA TOWNSHIP, OAK LAM) COMITY, micnicAn, WHICH LIES NOTHEASTERLY OF THE NORICHkASTER4Y BIGHT OF WAY OF INTERBT'ATE I-75. mons PARTICOLARLI DESCRIBED AS BEGINNINO AT A PGINT ON SAID RIGHT OF WAY, DISTANT N07*-41 1 4-22'14, ALoNG THE E & W 1/4 LINE OF SAID SECTION 22, 742.15' " FEET, AND 240 0 -2V -5W1 1979.49' FEET, AND .H4r -'301-01 4E k 103.091 rot FRO8. THE EAST 1/4 CORNER Or sAID SEcTION 21 AND RUNNING 1nBlics ETBT ALONG 4 2012,86' FOOT BADlin CURVE TO 'iNITH A CRNTRAL Anms or 22-35 1 -2a" AND A enoTID BglatINd 108.92 , FE137) 11:1Ezier4it 92 ,-07 1 -45"u, 624.e4* rot Vo. THE NORTH LINE OF SAID SECTION 21j 1924gz. ALONG SAID NORM. LII1E, 1322..62' FEET TO- THE NH CORNER 1F SAID SECTION 21) THENCE SOP -41 5 -21°B, nONG V1111 BAST LI.Ht O r sntloia 214 1267.W FEET TO THE NORTN LINE OF :SAID N$A0BA3AW BEIGHTS", DIBTANT NS 7* 7 4 1 t ,10* tr24,g4, rmon THE ORIGINAL NW CORNER OF fgAlb VLAT3 ovr-co-W4 , gp1.ez4 FEET TO TUE NoRTHEAST CORNER OF LOT 10 OF SAID PLAT; THENCE S010-511' -37mE, ALONG THE EAST LlnEsor Lor la. 1019.38' FEET TO THE NORTHEASTERLY NIGHT OF tuAti or THENCE N49' -2 3PSi, ALONG :SAID ;RIGHT •0 vig POINT OF BEGINNING. CONTAINING 2423,769.6 St2, FT. OR 48.755 ACRES •FIORE on Lsso. OG/12/02 WED 12:25 MX /IX NO 7Mil G. William Caddell, County Clerk • Resolution #02181 August 8, 2002 Moved by Palmer supported by Middleton the resolution be adopted. AYES: Douglas, Garfield, Gregory, Law, McPherson, Melton, Middleton, Moffitt, Moss, Obrecht, Palmer, Patterson, Sever, Suarez, Taub, Webster, Amos, Appel, Brian, Buckley, Causey-Mitchell, Coleman, Crawford, Dingeldey. (24) NAYS: None. (0) A sufficient majority having voted therefore, 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 August 8, 2002, 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 8th day of August, 2002.