HomeMy WebLinkAboutResolutions - 2004.05.06 - 27599May 6, 2004
MISCELLANEOUS RESOLUTION #04113
BY: PLANNING AND BUILDING COMMITTEE, CHARLES E. PALMER, CHAIRPERSON
IN RE: PLANNING AND ECONOMIC DEVELOPMENT SERVICES DIVISION RESOLUTION
APPROVING PROJECT PLAN (EXHIBIT ENTERPRISES, INC. PROJECT) - CITY OF ROCHESTER
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, that the Project Plan satisfies all of the
requirements of the Act regarding project plans and that a letter of credit
issued by a financial institution acceptable to the EDC will be available to
pay debt service; and
WHEREAS the governing body of the City of Rochester 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, hereby certifies, approves and concurs in the
determinations of the EDC with respect thereto;
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of
Commissioners hereby determines the Project Plan constitutes a public purpose
as contemplated by the Act; and
BE IT FURTHER RESOLVED that the Oakland County Board of Commissioners
hereby certifies and approves the Project Plan; 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.
PLANN21B AND BUILDING COMMITTEE
Planning & Building Committee Vote:
Motion carried on unanimous roll call vot
THE ECONOMIC DEVELOPMENT CORPORATION
OF THE COUNTY OF OAKLAND
Oakland County, Michigan
Exhibit Enterprises, 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
- Company Certificate Regarding Payment of Prevailing Wages
Other
PROJECT PLAN
SUMMARY DESCRIPTION OF
Exhibit Enterprises, Inc. Project
OWNER OF PROJECT: Exhibit Enterprises, Inc., a Michigan corporation, and/or
DMG Productions, L.L.C., a Michigan limited liability company
(Collectively or individually, the "Borrower")
CONTACT PERSON: Willow Korpela
10800 Ford Road
Dearborn, MI 48000
LOCATION OF PROJECT: City of Rochester Hills
Tel.# 313-429-1206
PROJECT AREA/DISTRICT AREA: See Exhibit A
NATURE OF PROJECT: The project consists of the acquisition of land, the acquisition
and rehabilitation of an approximately 128,000 s.f.
manufacturing facility located on the property, the construction
of an approximately 16,000 s.f addition to the manufacturing
facility, land improvements, and the acquisition and installation
of machinery and equipment. The Borrower will also be
acquiring a second approximately 60,000 s.f. engineering
facility located on the property, however, this facility will not
be a part of the Bond financed Project.
EMPLOYMENT CREATED OR RETAINED: Approximately 35 new jobs will be created and
approximately 150 existing jobs will be
retained.
TOTAL PROJECT COST: Approx. $8,800,000
BONDS TO BE ISSUED: $8,500,000
LETTER OF CREDIT ISSUER OR BOND PURCHASER: Comerica Bank
By:
Its:
APR-I2-04 10;21 From: T-828 P.02/34 Job-668
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.
Exhibit Enterprises, Inc.
DMG Productions, L.L.C.
By:
Its: Pt nekrr
Dated: 1-4 \ OLA
2
04/12/04 NON 09:16 [TX/RX NO 91931
PROJECT PLAN
STATUTORILY REQUIRED INFORMATION REGARDING
Exhibit Enterprises, 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 Project site that is a part of the Project Plan is comprised of an existing 128,000 s.f.
manufacturing facility and an existing 60,000 s.f. engineering building situated on 26.4 acres
located on the West side of Livernois Road approximately 1/3 mile South of E. Avon Road.
The facility is located directly off of Livernois Road and the location is surrounded to the North
and South by light industrial/commercial buildings, and to the East (across Livernois Road) by
heavy industrial buildings.
Legal description of Project Area attached as Exhibit A.
IL 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 Borrower intends to alter the 128,000 s.f existing manufacturing facility through the
construction of an approximately 16,000 s.f. addition. It is anticipated that the addition will be
completed within a one year time frame from the date of acquisition of the Project.
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:
The Borrower intends to make significant renovations to the facility over the next 2 years which
include raising the ceiling height, rehabilitating the roof, renovating the electrical and plumbing
systems, and performing various interior and exterior renovations. These renovations are
estimated to cost approx. $2,000,000. All renovations are expected to be completed within a 2
year time frame from the date of issuance of the Bonds.
3
IV. A DESCRIPTION OF THE CONSTRUCTION OR STAGES OF
CONSTRUCTION PLANNED, AND THE ESTIMATED TIME OF COMPLETION OF
EACH STAGE:
We anticipate building renovation to commence in June 2004, with building renovations
expected to be completed by May 2006. We anticipate the building expansion to commence in
the summer of 2004 with completion expected by year-end 2004. New Machinery and
equipment will start to be acquired and installed soon after purchase of the facility in April
2004 and machinery and equipment purchases are expected to be staged in over the next 24 to
36 months.
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 by left
as open space. The site plan has been designed for potential future expansion on the South side
of the facility.
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
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 anticipated to be financed with tax-exempt bonds through the Economic
Development Corporation of the County of Oakland secured by a Comerica Bank direct pay
letter of credit and with other monies available to the Company.
Copy of Letter of Credit commitment attached as Exhibit B.
4
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:
David M. Gentile - Chairman
Derek M. Gentile - President
Willow Korpela - Chief Financial Officer
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 land, land improvements and machinery and equipment, furniture and fixtures
portion of the Project will be owned by Exhibit Enterprises, Inc. The manufacturing
building, building addition, and building renovation portion of the Project will be
owned by DMG Productions, L.L.C. which will lease such assets to Exhibit
Enterprises, Inc. Exhibit Enterprises, Inc. will utilize the entire bond financed Project
in its manufacturing operations.
It is currently anticipated that DMG Productions will initially own the 60,000 s.f.
engineering building (which is not a part of the bond financing), but will transfer such
ownership to Exhibit Enterprises post closing.
The project is currently being undertaken for the benefit of Exhibit Enterprises, Inc.
and its shareholders as well as for the members of DMG Productions, LLC.
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
5
XIII. ESTIMATES OF THE NUMBER OF PERSONS RESIDING IN TIIE
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
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
6
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
7
!CLIENT; SCALE: 1".-. 300' JOE No:2004-02 SCALE: 1".-. 300' 1 JOE No:2004-024 I
DATE: 02-27-04 DWG. Nc: 2 of 4
2430 Rochester Ct. Suite 100
Troy, MI 45063-1572
(245) 689-90e0
ROTH & ASSOCIATES
554 EAST MAPLE 5-200
TROY, MICHIGAN 45063
Exhibit A
PROJECT AREA LEGAL DESCRIPTION
LEGAL DESCRIPTION
PARENT PARCEL
A PART or THE NORTHEAST 1/4 OF SECTION 21, T-3-N. R -11-E.. CITY OF ROCHESTER
HILLS, OAKLAND COUNTY, MICHIGAN, MORE PAR TICULARLY DESCRIBED AS; COMMENCING
AT THE EAST 1/4 CORNER OF SAID SECTION 21; THENCE N 02 °27'24" W, 358.71 FEET
ALONG THE EAST LINE OF SECTION 21 (LivERNOIS ROAD), TO THE POINT OF BEGINNING;
THENCE N 54'53'32" W. 353.90 FEET; THENCE ALONG A CURVE TO THE RIGHT 73.30
FEET, SAID CURVE HAVING A RADIUS OF 70.00 FEET, CENTRAL ANGLE OF 60°00'00" AND
A LONG CHORD BEARING OF N 54‘.53'.32" W, 70.00 FEET; THENCE ALONG A CURVE TO
THE LEFT 183-26 FEET, SAID CURVE HAVING A RADIUS or 70.00 FEET, CENTRAL ANGLE
OF 150°00'00" AND A LONG CHORD BEARING OF S 80°0630" W, 135.23 FEET; THENCE
N 84°53'32" W, 109.96 FEET; THENCE ALONG A NON-TANGENT CURVE TO THE LEFT
109.96 FEET, SAID CURVE HAVING A RADIUS OF 70.06 FEET, CENTRAL ANGLE OF
90°00'00" AND A LONG CHORD BEARING N 50 °25'11" W, 98.99 FEET THENCE
5 54°3450" W, 542.73 FEET; THENCE N 84 °53'32" W, 206.16 .FEET. THENCE
S 01 °4-9'58" W. 70.11 FEET TO A POINT ON THE NORTH LINE OF "ROCHESTER
INDUSTRIAL PARK sue" AS RECORDED IN LIBER 178. PAGE 11 OF PLATS, OAKLAND
COUNTY RECORDS. THENCE N 84°53'32" W, 420.50 FEET, IN PART ALONG THE NORTH
LINE OF SAIO SUBDIVISION, TO THE EASTERLY LINE OF THE GRAND 'TRUNK WESTERN
RAILROAD. THENCE N 39 °54'26" E. 2351.31 FEET ALONG SAID EASTERLY LINE; THENCE
5 84-°31'34" E. 245.95 FEET TO THE EAST -LINE or SAID SECTION 21 (LIVERNOIS ROAD);
THENCE S 02°27'24" E, 1527.57 FEET TO THE POINT OF BEGINNING EXCEPTING THE
EAST 60.00 FEET OF THE NORTH 956.49 FEET AND CONTAINING A GROSS AREA OF
35.98 ACRES.
PARCEL ID 15-21-276-010
1420 LIVERNOIS ROAD - ROCHESTER HILLS. MICHIGAN
SECTION CORNER WITNESSES
EAST 174 CORNER SECTION 21. T.3N., R.11E
1/2 "IRON ROD WITH BRASS CAP #17632
S 65° E - 65.60' TAG ON WEST FACE OF UTILITY POLE
S 16° E - 239.67' NAIL WEST FACE OF UTILITY POLE
S 27° W - 134.53' NAIL WITH TAG EAST FACE OF 15" OAK
N 20° g — 175.89' NAIL WITH TAG WEST FACE OF uTILITY POLE
NORTHEAST CORNER SECTION 21; T.3N., R.11E (L.14922, P.052)
1/2 "IRON ROAD WITH BRASS CAP #17632
N 80° E 84.17' TOP BOLT GUARDRAIL WEST END OF BRIDGE DECK
S 30° E - 72.95' NAIL WITH TAG EAST FACE OF U.TiLITY POLE
S SO W - 113.34' NAIL WITH TAG NORTHWEST FACE OF UTIUTY POLE
N 50° W - 117.60' SOUTHEAST 5OLT OF TRAFFIC POLE
.-PROFESSIONAT:-' •
ENGINEERING
ASSOCIATES
\.2001PPICj\2004024 \DWG \0.402*-ACT1.32_13WC:K.".,
Exhibit B
LETTER OF' CREDIT OR
BOND PURCHASER'S COMMITMENT LETTER
Founded in 1852
by Sidney Davy Miller
ANTHONY J. MAVRINAC
TEL: (313) 496-7601
FAX: (313) 496-8452
E-MAIL: numinac(§1mIllercanfleld.coin
MICHIGAN: Ann Arbor
Detroit • Grand Rapids
Howell • Kalamazoo Lansing • Monroe • Troy
New York, NY
Pensacola, FL
Washington, GC
CANADA: Windsor, ON
' POLAND: Gdynia
Katowice • Warsaw
04/19/04 16:42 FAX 313 496 9001 W. Y. CAMPBELL & COMPANY al 002
MILLER
CANFIELD
MILLER, CANFIELD. PADDOCXANo STONE. MC.
150 West Jefferson, Suite 2500
Detroit, Michigan 48226
TEL: (313) 963-6420
FAX: (313)496.7500
www.millercanfickLcom
April 19, 2004
Ms. Mary Langhauser
Director
Oakland County Planning
and Economic Development
1200 N. Telegraph Road, Dept 412
Pontiac, Michigan 48342
Re: Exhibit Enterprises, Inc. and DMG Productions, L.L.C. (the "Obligors")
Dear Ms. Langhauser:
Please be advised that Comerica Bank ("Comerica") has approved the issuance of a letter of
credit in support of up to $8,200,000 of The Economic Development Corporation of the County
of Oakland Variable Rate Demand Limited Obligation Revenue Bonds, Series 2004 (DMG
Productions, L.L.C. Project), subject to the execution and delivery by the Obligors of satisfactory
documents, including a Reimbursement Agreement, and the satisfaction of all other requirements
of Comerica to be outlined in a commitment letter between Comerica and the Obligors.
Very truly yo
By:
rs,
avrinac; coufisel to Comerica Bank Pei tot(ie'le/Comerica Bank
DELIB:2506831,11022751-03771
04/19/04
04/19/04 MON 15:46 frX/RX NO 92841
Exhibit C
COMPANY CERTIFICATE REGARDING
TRANSFER OF EMPLOYMENT
(Exhibit Enterprises, Inc. Project)
The undersigned, Exhibit Enterprises, Inc., a Michigan corporation, and DMG
Productions, L.L.C., a Michigan limited liability company (collectively 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 Exhibit Enterprises, Inc. 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 Rochester Hills, Michigan, the municipality in which the
Project will be located, unless the Company has first obtained a consent to the proposed
transfer of employment from the governing body of each municipality from which employment
is to be transferred.
By:
1-A.6 a_etr Its:
. APR-12-04 10:23 From: , 1-828 P 03/04 Jo-85B
S. 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,
Exhibit Enterprises, Inc„
a Michigan corporation
Its: &haft tykti n of
DMG Productions, L.L.C„
a Michigan limited liability company
Dated: - o
04/12/04 MON 09:16 [TX/RX NO 9193]
C-2
Exhibit Enterprises, I
By:
Its: tna lekt
By:
Its 1-(a_r\
. APR-12-04 10:24 prom: T-828 P O4/04 Job-668
Exhibit D
COMPANY CERTIFICATE REGARDING
PAYMENT OF PREVAILING WAGES
(Exhibit Enterprises, Inc. Project)
The undersigned. Exhibit Enterprises, Inc., a Michigan corporation and DMG
Productions, L.L.C., a Michigan limited liability company (collectively 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 Truateria1 misrepresentation
or inaccuracy, might invalidate the proceedings regarding the Exhibit Enterprises, Inc. 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.
7. Within tho 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.
DMG
Dated: '4 - \•)-- 0'4
AAMnster #2/0,11dand EDC • Project Pim Form.doc
D-1
04/12/04 MON 09:16 [TX/RX NO 9193]
Resolution #04113
Moved by Palmer supported by Douglas the resolution be adopted.
Discussion followed.
May 6, 2004
AYES: Gregory, Hatchett, Jamian, Knollenberg, KowaII, Law, Long, McMillin, Middleton, Moffitt,
Moss, Palmer, Patterson, Potter, Rogers, Scott, Suarez, Webster, Wilson, Zack, Bullard,
Coleman, Coulter, Crawford, Douglas. (25)
NAYS: None. (0)
A sufficient majority having voted therefore, the resolution was adopted.
I HEW APPROVE THE FOREGOING RESOLUTION
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 May 6, 2004
with the original record thereof now remaining in my office.
In Testimony Whereof, I have hereunto set my hand and affixed the seal of tbe County of Oakland at
Pontiac, Michigan this 6th day of May, 2004.
G. William Caddell, County Clerk