HomeMy WebLinkAboutResolutions - 2007.07.19 - 28425MISCELLANEOUS RESOLUTION #07 159 July 19, 2007
BY: FINANCE COMMITTEE, MIKE ROGERS, CHAIRPERSON
IN RE: BOARD OF COMMISSIONERS — NOTICE TO CITY OF FERNDALE
REGARDING OAKLAND COUNTY'S DETERMINATION TO EXEMPT ITS AD
VALORUM PROPERTY TAXES FROM CAPTURE
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Chairperson, Ladies and Gentlemen:
WHEREAS the Oakland County Board of Commissioners supports the economic
growth of Oakland County; and
WHEREAS among the tools used to promote this economic growth is Tax
Increment Financing (TIF) in the form of Downtown Development Authorities (DDAs),
Local Development Finance Authorities (LDFAs), and Corridor Improvement Authorities
(ClAs); and
WHEREAS to review requests from the cities, villages, and townships to
establish DDAs, LDFAs, and ClAs, the Board of Commissioners has, pursuant to
Miscellaneous Resolution #99010, established the Tax Increment Financing District
Review Policy Ad Hoc Committee (Review Committee) to evaluate and recommend to
the Finance Committee on the County's participation in these proposed Authorities; and
WHEREAS the Review Committee has promulgated protocols and performance
standards for County participation in these Authorities, and this Board of Commissioners
has adopted these policies as guidelines to assist the County in its review of a
municipality's plan; and
WHEREAS the City of Ferndale held a public hearing on June 11, 2007, on a
proposed expansion of the Ferndale DDA boundaries; and
WHEREAS due to the timing of the City's public hearing on the proposed
expansion, the County Board of Commissioners' meeting schedule, and the 60-day
statutory timeframe within which a taxing jurisdiction, in this case the County, must act,
the County Board has determined to exempt County ad valorum property taxes from
capture.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of
Commissioners hereby exempts County ad valorum property taxes from capture by the
DDA.
BE IT FURTHER RESOLVED that the County Clerk shall forward a copy of this
resolution to the Clerk of the City of Ferndale.
Chairperson, on behalf of the Finance Committee, I move the adoption of the
foregoing resolution.
FINANCE COMMITTEE
Motion carried unanimously on a roll call vote with Potter, Middleton and Coulter absent.
-7/2,3/47
Ru-thIgilhnitn, County Clerk
Resolution #07159 July 19, 2007
Moved by Potts supported by Zack the resolutions (with fiscal notes attached) on the amended Consent
Agenda, be adopted (with accompanying reports being accepted).
AYES: Burns, Crawford, Douglas, Gershenson, Gingell, Gosselin, Gregory, Greimel, Hatchett,
Jacobsen, KowaII, Long, Middleton, Nash, Potter, Potts, Rogers, Scott, Spector, Suarez, Zack,
Bullard. (22)
NAYS: None. (0)
A sufficient majority having voted in favor, the resolutions (with fiscal notes attached) on the amended
Consent Agenda, were adopted (with accompanying reports being accepted).
I HEREBY APPROVE THE FOREGOING RESOLUTION
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Ruth Johnson, 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 July 19, 2007, 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 19th day of July, 2007.