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HomeMy WebLinkAboutResolutions - 2019.04.18 - 31295MISCELLANEOUS RESOLUTION' #19089 April 18, 2019 BY: Commissioner Helaine Zack, Chairperson, Finance Committee IN RE: DEPARTMENT OF MANAGEMENT AND BUDGET -- 2019 EQUALIZATION REPORT To the Oakland County Board of Commissioners Chairperson, Ladies, and Gentleman: WHEREAS the staff of the Equalization Division of the Department of Management & Budget has examined the assessment rolls of the several townships and cities within Oakland County to ascertain whether the real and personal property in the respective townships and cities has been equally and uniformly assessed at 50% of true cash value; and WHEREAS the Finance Committee in accordance with Rule XLA (7) of the Board of Commissioners adopted on January 9, 2019, has reviewed the findings and recommendations of the Equalization Officer, acting as the Equalization Director, and conducted hearings to provide for local intervention into the equalization process; and WHEREAS based on its findings, the Equalization Officer has presented to the Finance Committee the recommended 2019 equalization value which adds to or deducts from the valuation of the property in the several townships and cities an amount as, in its judgement, will produce a sum which represents the true cash value thereof; and WHEREAS the Equalization Factors listed on the attached report is the result of the forgoing process and are for informational purposes only. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners adopts the 2019 equalization and authorizes its certification by the Chairperson of the Board and further that it be entered on the County records and delivered to the appropriate official of the proper township or city. Chairperson, on behalf of the Finance Committee, I move the adoption of the forgoing resolution. Commissioner He sine Zack, District #18 Chairperson, Finance Committee FINANCE COMMITTEE VOTE Motion carried unanimously on a roll call vote with Long absent.