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HomeMy WebLinkAboutMinutes - 2018.03.08 - 37145 March 8, 2018 Chairperson Middleton called the meeting of the Finance Committee to order at 9:16 a.m. in Committee Room A of the Commissioners' Auditorium Wing, County Service Center in Pontiac, Michigan. COMMITTEE MEMBERS PRESENT Thomas Middleton, Eileen Kowall, Helaine Zack, Christine Long, Wade Fleming, Hugh Crawford, David Woodward, David Bowman COMMITTEE MEMBERS ABSENT WITH NOTICE Shelley Goodman Taub OTHERS PRESENT CORPORATION COUNSEL Keith Lerminiaux, Corporation Counsel Joellen Shortley, Deputy Corporation Counsel COUNTY EXECUTIVE Phil Bertolini, Deputy County Executive/CIO Malcolm Brown, Deputy County Executive ECONOMIC DEVELOPMENT Irene Spanos, Director, EDCA Dan Hunter, Deputy Director, EDCA EQUALIZATION Dave Hieber, Equalization Officer Mary E. Ritchie, Appraiser III Stacey Etzkorn, Technical Assistant FACILITIES MANAGEMENT Art Holdsworth, Director HEALTH AND HUMAN SERVICES Kathy Forzley, Director HUMAN RESOURCES Jordie Kramer, Director Lori Taylor, Deputy Director Heather Mason, Comp. and Class Supervisor Frank Russell, Analyst INFORMATION TECHNOLOGY Mike Timm, Director PONTIAC LIBRARY BOARD H. Bill Maxey, E.O. BOARD OF COMMISSIONERS Chris Ward, Administrative Director Michael Andrews, Senior Analyst Connie Srogi, Analyst Anthony Bowen, College Intern Pamela Worthington, Committee Coordinator PRESENTATION OF THE AGENDA No changes to the agenda. 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 D. Crawford David Woodward David Bowman TOM MIDDLETON Chairperson EILEEN KOWALL Vice Chairperson HELAINE ZACK Minority Vice Chairperson FINANCE COMMITTEE MINUTES Page 2 March 8, 2018 PUBLIC COMMENT None. REGULAR AGENDA 1. BOARD OF COMMISSIONERS – PARTICIPATION IN THE CITY OF SOUTHFIELD DOWNTOWN DEVELOPMENT AUTHORITY AND APPROVAL OF CONTRACT On February 15, 2018, representatives of the City of Southfield and the Southfield Downtown Development Authority (DDA) presented their Restated Development Plan and TIF Plan to the TIF Review Committee and based on that presentation, the Board of Commissioners adopted MR #18057, which authorized Corporation Counsel to negotiate a contract with Southfield and the Southfield DDA. The City of Southfield wanted an open-ended agreement with no cap on the dollar amount, and ultimately, they did not approve the contract. The current DDA was established prior to the ability for the County to opt out. The Restated Development Plan and TIF Plan support the redevelopment of the former Northland Center and the adjacent area. Additional negotiations took place, and Oakland County and the City of Southfield have now reached an agreement. The dollar amount of this contract is $1 million more than the previous one, with a cap of $10,253,859 or 21 years (through tax collections attributable to tax year 2038), whichever occurs first. They also requested to use part of the County’s tax capture to build a police station; however, they would have enough of their own tax capture to cover this cost. The TIF Increment Financing District Review Policy Ad Hoc Review Committee met just prior to this meeting and recommends approval of the resolution and agreement between the County of Oakland and the Southfield Downtown Development Authority. Kowall moved approval of the attached suggested Resolution. Supported by Fleming. Motion carried unanimously on a roll call vote with Taub absent. OTHER BUSINESS/ADJOURNMENT There being no other business to come before the Committee, the meeting was adjourned at 9:18 a.m. ______________________________________ _____________________________ Pamela L. Worthington, Committee Coordinator Chris Ward, Administrative Director NOTE: The foregoing minutes are subject to Committee approval.