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HomeMy WebLinkAboutMinutes - 2010.06.09 - 36449 June 9, 2010 The meeting was called to order by Chairperson Scott at 6:32 p.m. in Committee Room A, Auditorium Wing, County Service Center, Pontiac, Michigan. PLANNING AND BUILDING COMMITTEE MEMBERS PRESENT: John Scott, Robert Gosselin, Jim Nash, Bradford Jacobsen, Kim Capello, Jim Runestad, Tim Burns, Steve Schwartz PLANNING AND BUILDING COMMITTEE MEMBERS ABSENT WITH NOTICE: None OTHERS PRESENT: EXECUTIVE OFFICE Gerald Poisson, Deputy Executive TREASURER Andy Meisner, Treasurer BOARD OF COMMISSIONERS Larry Doyle, Administrative Director Harvey Wedell, Senior Analyst Helen Hanger, Sr. Committee Coordinator PUBLIC COMMENT None. APPROVAL OF THE MINUTES None. AGENDA ITEMS BUILDING AUTHORITY – RESOLUTION AUTHORIZING THE OAKLAND COUNTY BUILDING AUTHORITY TO FINANCE A PROJECT FOR THE CITY HALL AND THE CITY DPW BUILDING IN THE CITY OF KEEGO HARBOR, OAKLAND COUNTY, MICHIGAN The Building Authority is requesting authorization to move forward with a project to a cquire the Keego Harbor City Hall and the Keego Harbor City DPW Building, located in the City of Keego Harbor, Michigan , and to enter into a lease contract between the County and the Oakland County Building Authority to acquire and lease the project to the County for a term not to exceed 50 years as permitted by Public Act 31 of 1948 as amended. The project period of usefulness is estimated at not less than 35 years and the total acquisition cost at a not to exceed amount of $1,120,000 for which the County will use its AAA Bond rating to pledge its full faith and credit for payment of the principal and interest on the bonds at an interest rate not to exceed 8% per annum. The City of Keego Harbor will pay for the bonds semi -annually to cover the debt service. This action will save the City of Keego Harbor an estimated $60,000 a year. Schwartz moved approval of the attached suggested resolution. Supported by Jacobsen. OAKLAND COUNTY BOARD OF COMMISSIONERS 1200 NORTH TELEGRAPH ROAD, PONTIAC, MICHIGAN 48341-0470 Telephone: (248) 858-0100 FAX: (248) 858-1572 PLANNING AND BUILDING COMMITTEE Bradford Jacobsen Kim Capello Jim Runestad Tim Burns Steven Schwartz JOHN SCOTT Chairperson ROBERT GOSSELIN Vice Chairperson JIM NASH Minority Vice Chairperson Planning & Building Committee Page 2 June 9, 2010 Motion carried unanimously on a roll call vote. OTHER BUSINESS/ADJOURNMENT There being no further business to come before the Commi ttee, the meeting adjourned at 6:36 p.m. _________________________________ __________________________________ Helen Hanger Lawrence Doyle Sr. Committee Coordinator Administrative Director NOTE: The foregoing minutes are subject to Committee approval.