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HomeMy WebLinkAboutMinutes - 2016.02.17 - 36958 February 17, 2016 Chairperson Middleton called the meeting of the Fina nce Committee to orde r at 6:48 p.m. in Committee Room A of the Commissioners' Auditorium Wing, County Service Center in Pontiac, Michigan. COMMITTEE MEMBERS PRESENT Thomas Middleton, Eileen Kowall, David Woodward, Shelley Goodman Taub, Wade Fleming, Hugh Crawford, Helaine Zack and Nancy Quarles COMMITTEE MEMBERS ABSENT WITH NOTICE Christine Long OTHERS PRESENT ECONOMIC DEVELOPMENT/COMM. AFFAIRS Dan Hunter, Deputy Director HUMAN RESOURCES Jordie Kramer, Director MILFORD HIGH SCHOOL Nadia Hassan, Student Lauren Feltmate, Student Bobby Brown, Student Carter Seyka, Student Nick Gesrelski, Student Matthew Jamison, Student BOARD OF COMMISSIONERS Philip Weipert, Commissioner, District #8 Jim VerPloeg, Administrative Director Chris Ward, Senior Analyst Pamela Worthington, Committee Coordinator PLEDGE OF ALLEGIANCE Chairperson Middleton stated that they would pass on the Pledge of the Allegiance at this time, since it would be recited at the Board mee ting immediately following. PRESENTATION OF THE AGENDA The agenda stands as presented. PUBLIC COMMENT None. OAKLAND COUNTY BOARD OF COMMISSIONERS 1200 N. TELEGRAPH ROAD, PONTIAC, MI 48341-0475 Telephone (248) 858-0100 FAX (248) 858-1572 FINANCE COMMITTEE Christine Long Shelley Goodman Taub Wade Fleming Hugh Crawford Helaine Zack Nancy Quarles TOM MIDDLETON Chairperson EILEEN KOWALL Vice Chairperson DAVID WOODWARD Minority Vice Chairperson FINANCE COMMITTEE MINUTES Page 2 February 17, 2016 REGULAR AGENDA 1. BOARD OF COMMISSIONER - PROPOSED CITY OF OAK PARK CORRIDOR IMPROVEMENT AUTHORITY TAX CAPTURE – “OPT OUT” Mr. Hunter indicated that he received a Corridor Improvement Authority (CIA) Plan from the City of Oak Park right before Christmas and began reviewing it after the holidays. The City of Oak Park had a public hearing on January 19, 2016. Mr. Hunter indicated that the City of Oak Pa rk’s CIA includes the corner of Coolidge and part of Nine Mile and Eleven Mile Roads, with a capture of 20 years. The Sta te law gives the County 60 days to opt out, and if the County does not act, its tax capture will be included in the plan. Chairperson Middleton explained that an emergency Finance Committee meeting was scheduled today because the deadline for the 60 days to opt out is the day after the next scheduled Board meeting, which is too close to the deadline. The Tax Increment Financing Review Committee met on February 11, 2016, and reported to the Finance Committee with the recommendation that the County opt out of the City of Oak Park’s tax capture at this time. The resolution reflects that the Oakland County Board of Commissioners exempts its taxes from capture b y the Oak Park CIA for the proposed TIF Plan. If the County later determines that it is advisable to opt in to the CIA, and if a contract is successfully negotiated, the County may revise its decision to exempt its taxes from captur e by the CIA. Quarles moved approval of the attached suggested resolution. Supported by Zack. Motion carried unanimously on a roll call vote with Long absent . OTHER BUSINESS/ADJOURNMENT There being no other business to come before the C ommittee, the meeting was adjourned at 6:52 p.m. ______________________________________ _________________________________ Pamela L. Worthington, Committee Coordinator Jim VerPloeg, Administrative Director NOTE: The foregoing minutes are subject to Committee approval.