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HomeMy WebLinkAboutResolutions - 2026.02.19 - 42751 AGENDA ITEM: Purchase of Property at 70 E. Silverdome Industrial Park Pontiac, Michigan DEPARTMENT: Facilities Management MEETING: Board of Commissioners DATE: Thursday, February 19, 2026 9:30 AM - Click to View Agenda ITEM SUMMARY SHEET COMMITTEE REPORT TO BOARD Resolution #2026-6247 _ 26-4 Motion to adopt the attached suggested resolution. ITEM CATEGORY SPONSORED BY Purchase Yolanda Smith Charles INTRODUCTION AND BACKGROUND Oakland County currently leases a 28,500 square foot storage warehouse at 112 W Pike Street in Pontiac for storage and operations for Emergency Management and Homeland Security, which lease will end on April 30, 2026. The County has identified a building at 70 E. Silverdome Industrial Park which is approximately 31,000 square feet of warehouse and office space on 2.32 acres (the “Property”) and will give adequate room for operations and storage, replacing the need for the space at 112 W Pike Street. The Department of Facilities Management requests that the Board of Commissioners approve the attached Purchase Agreement to purchase the Property. FISCAL IMPACT: Budget Amendment Attached Committee members can contact Barbara Winter, Policy and Fiscal Analysis Supervisor at 248.821.3065 or winterb@oakgov.com or the department contact persons listed for additional information. CONTACT Brian Lefler, Chief Financial Officer Ed Joss Paul Zachos, Property Management Specialist Steve Foster Thom Hardesty, Director Emergency Management & Homeland Security Rob Seeley Harrison Yaldoo ITEM REVIEW TRACKING Aaron Snover, Board of Commissioners Created/Initiated - 2/19/2026 David Woodward, Board of Commissioners Approved - 2/19/2026 Walt Herzig, Executive's Office Approved - 2/23/2026 Lisa Brown, Clerk/Register of Deeds Final Approval - 2/24/2026 AGENDA DEADLINE: 02/05/2026 4:30 PM ATTACHMENTS 1. FY 2026 EMHS Warehouse Acquisiton - Schedule A 2. Purchase Agreement_70 East Silverdome_Pontiac (Final Version - signed by Seller)_021826 3. Pontiac_70 E Silverdome Industrial Park - Pontiac70 E Silverdome Industrial Park COMMITTEE TRACKING 2026-02-11 Economic Development & Infrastructure - Forward to Finance 2026-02-11 Finance - Recommend to Board 2026-02-19 Full Board - Adopt Motioned by: Commissioner Yolanda Smith Charles Seconded by: Commissioner Angela Powell Yes: Ann Erickson Gault, Marcia Gershenson, Brendan Johnson, Penny Luebs, Gwen Markham, William Miller III, Angela Powell, Robert Smiley, Yolanda Smith Charles, Linnie Taylor, Philip Weipert, David Woodward (12) No: Charles Cavell, Robert Hoffman, Karen Joliat, Christine Long, Kristen Nelson (5) Abstain: None (0) Absent: Michael Spisz (1) Passed February 19, 2026 RESOLUTION #2026-6247 _ 26-4 Sponsored By: Yolanda Smith Charles Facilities Management - Purchase of Property at 70 E. Silverdome Industrial Park Pontiac, Michigan Chair and Members of the Board: WHEREAS Oakland County currently leases a 28,500 square foot storage warehouse at 112 W Pike Street in Pontiac for storage and operations for Emergency Management and Homeland Security, which lease will end on April 30, 2026; and WHEREAS the Department of Facilities Management with the assistance of Corporation Counsel has negotiated the terms and conditions of the attached Purchase Agreement; and WHEREAS the building at 70 E. Silverdome Industrial Park is approximately 31,000 square feet of warehouse and office space on 2.32 acres (the “Property”) and will give adequate room for operations and storage, replacing the need for the space at 112 W Pike Street; and WHEREAS the Departments of Facilities Management and Corporation Counsel have reviewed and/or prepared all necessary documents related to the attached Purchase Agreement and recommend its approval; and WHEREAS the Department of Facilities Management recommends that the Board of Commissioners approve the attached Purchase Agreement. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners approves the attached Purchase Agreement and directs its Chair to execute such Purchase Agreement and further authorizes the County’s Property Manager to sign the closing documents and all other documents needed to effectuate the purchase by and transfer of the Property to Oakland County. BE IT FURTHER RESOLVED that the Oakland County Board of Commissioners authorizes the purchase of 70 E. Silverdome Industrial Park in an amount of Three Million Nine Hundred Thousand Dollars ($3,900,000) plus the costs associated with the closing on the purchase of the Property. BE IT FURTHER RESOLVED that the Oakland County Board of Commissioners authorizes an appropriation not to exceed Four Million Three Hundred Thousand Dollars ($4,300,000) from the Strategic Investment Plan (GL383554) to the County Improvement Projects Fund (FND42120). BE IT FURTHER RESOLVED thatOakland County intends to issue bonds to reimburse Oakland County for or pay a portion of the costs of acquiring the Property or equipment and making necessary capital improvements, and makes the following declarations for the purpose of complying with the reimbursement rules of Treas. Reg. § 1.150-2 pursuant to the Internal Revenue Code of 1986, as amended: a. Oakland County reasonably expects to reimburse itself with proceeds of the bonds for certain costs of the Property and related capital improvements to the Property, including eligible soft costs, which were paid or will be paid from funds of Oakland County subsequent to sixty (60) days prior to today. b. The maximum principal amount of debt expected to be issued for the acquisition of the Properties, including issuance costs, is $4,300,000. c. A reimbursement allocation of the capital expenditures described above with the proceeds of the bonds will occur not later than 18 months after the later of (i) the date on which the expenditure is paid, or (ii) the date the renovated project is placed in service or abandoned, but in no event more than three (3) years after the original expenditure is paid. A reimbursement allocation is an allocation in writing that evidences Oakland County’s use of the proceeds of the bonds to reimburse Oakland County for a capital expenditure made pursuant to this resolution. Chair, the following Commissioners are sponsoring the foregoing Resolution: Yolanda Smith Charles. Date: February 19, 2026 David Woodward, Commissioner Date: February 23, 2026 Walt Herzig, Chief Deputy County Executive Date: February 24, 2026 Lisa Brown, County Clerk / Register of Deeds COMMITTEE TRACKING 2026-02-11 Economic Development & Infrastructure - Forward to Finance 2026-02-11 Finance - Recommend to Board 2026-02-19 Full Board - Adopt Motioned by Commissioner Yolanda Smith Charles seconded by Commissioner Angela Powell to adopt the attached Purchase: Purchase of Property at 70 E. Silverdome Industrial Park Pontiac, Michigan. Yes: Ann Erickson Gault, Marcia Gershenson, Brendan Johnson, Penny Luebs, Gwen Markham, William Miller III, Angela Powell, Robert Smiley, Yolanda Smith Charles, Linnie Taylor, Philip Weipert, David Woodward (12) No: Charles Cavell, Robert Hoffman, Karen Joliat, Christine Long, Kristen Nelson (5) Abstain: None (0) Absent: Michael Spisz (1) Passed ATTACHMENTS STATE OF MICHIGAN) COUNTY OF OAKLAND) I, Lisa Brown, 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 February 19, 2026, 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 Circuit Court at Pontiac, Michigan on Thursday, February 19, 2026. Lisa Brown, Oakland County Clerk / Register of Deeds Oakland County, Michigan Management & Budget - FY2026 Emergency Management and Homeland Security Warehouse Acquisition - Schedule A Schedule "A" DETAIL R/E Fund Name Division Name Fund # (FND)Cost Center (CCN) # Account # (RC/SC) Program # (PRG)Grant ID (GRN) # Project ID # (PROJ) Region (REG) Budget Fund Affiliate (BFA) Ledger Account Summary Account Title FY 2026 Amendment FY 2027 Amendment FY 2028 Amendment R General Fund Non Departmental Operations FND10100 CCN9010101 RC665882 PRG196030 665882 Planned Use of Fund Balance $4,300,000 $-$- Total Revenues $4,300,000 $-$- E General Fund Non Departmental Operations FND10100 CCN9010101 SC788001 PRG196030 BFA42120 788001 Transfers Out $4,300,000 $-$- Total Expenditures $4,300,000 $-$- R County Improvement Projects Non Departmental Operations FND42120 CCN9010101 RC695500 PRG196030 BFA10100 695500 Transfers In $4,300,000 $-$- Total Revenues $4,300,000 $-$- E County Improvement Projects Non Departmental Operations FND42120 CCN9010101 SC760056 PRG196030 760000 Building Acquisitions $4,300,000 Total Expenditures $4,300,000 $-$-