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HomeMy WebLinkAboutResolutions - 2008.03.06 - 9534INANTE COMMITTEE REPORT (MR #08029) March 6, 2008 BY: Finance Committee, Mike Rogers, Caai2412LLLan IN RE: HUMAN RESOURCES DEPARTMENT - VOLUNTARY SEPARATION INCENTIVE PAY RETIREMENT PROGRAM To: The Oakland County Board of Commissioners Chairperson, Ladies and Gentlemen: The Finance Committee, having reviewed the above referenced resolution on February 28, 2008, reports with the recommendation that the resolution be adopted with an amendment to add the following language as the last Be It Further Resolved entirely. BE IT FURTHER RESOLVED that the reports prepared by the County's contracted actuary firm Gabriel, Roeder, Smith & Company, entitled Proposed Early Retirement Incentive Program for General County Employees, dated January 28, 2008, and the Proposed Retirement Incentive Program for General County Employees covered by the VEBA, dated February 7, 2008, along with accompanying documents, be -placed on file with the County Clerk as attaLhmnLs to the resolution. r'nairperqnn, on behalf of the Finance Coamittee, I move acceptance of the foregoing report. FINANCE COMMITTEE: Motion carried unanimously on a roll call vote with Crawford and Long absent. BE IT FURTHER RESOLVED that the lump sum VOLUNTARY SEPARATION Retirement Incentive pay shall not be included in the final average compensation (FAC) for employees on the defined benefit plan and no additional contributions will be made to an employees defined contribution plan by the County or the employee as a result of this lump sum payment. BE IT FURTHER RESOLVED that employees wishing to participate in the VOLUNTARY SEPARATION INCENTIVE PROGRAM FOR RETIREMENT must be present at work the week prior to their retirement date. BE IT FURTHER RESOLVED that the County ExecuUve. through the Department of Human Resources acting pursuant to 1973 Public Act 139, is authorized to negotiate participation in the VOLUNTARY SEPARATION INCENTIVE PROGRAM FOR RETIREMENT with represented Retirement System members in collective harg.aining proceedings. BE IT FURTHER RESOLVED that elected officials are not eligible for the INCENTIVE PROGRAM FOR RETIREMENT. Chairperson, on behalf of the Personnel Committee, I move the adoption of the foregoing resolution. PERSONNEL COMMITTEE Resolution #08029 February 7, 2008 The Chairperson referred the resolution to the Finance Committee. There were no objections. February 7, 2008 MISCELLANEOUS RESOLUTION # 08029 BY: Personnel Committee, Thomas F. Middleton, Chairperson IN RE: HUMAN RESOURCE DEPARTMENT — VOLUNTARY SEPARATION INCENTIVE PAY RETIREMENT PROGRAM To the Oakland County Board of Commissioners, Chairperson, Ladies, and Gentlemen; WHEREAS Michigan's continuing "one state recession rising unemployment and reductions in the taxable value of real estate are adversely affected Oakland County government's operating revenues, and WHEREAS Michigan's continuing economic distress has led the Department of Management and Budget to project significant budget short-falls for Fiscal Years 2008, 2009, and 2010; and WHEREAS the economic uncertainty demands Oakland County government reduce operational expenses while improving efficiency and effectiveness, and WHEREAS one recognized means of reducing operational expenses while simultaneously creating opportunities for reorganization and restructuring is to provide a voluntary separation incentive for County employees to retire; and WHEREAS approximately 520 employees will meet the eligibility criteria for a direct retirement from County employment as of August 31, 2008; and WHEREAS the proposed VOLUNTARY SEPARATION INCENTIVE PROGRAM FOR RETIREMENT has been reviewed and is recommended by the County Executive as a mechanism to reduce workforce levels, create position +vacancies and provide Department Directors and Elected Officials with the opportunity to reduce costs and reorganize and restructure operations, NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners authorizes implementation of the following VOLUNTARY SEPARATION INCENTIVE PROGRAM FOR RETIREMENT to be offered to non-represented Retirement System members and represented Retirement System members whose collective bargaining agreement provides for a "me too" who will be eligible to retire on or before August 31. 2008. BE IT FURTHER RESOLVED that the VOLUNTARY SEPARATION INCENTIVE PROGRAM FOR RETIREMENT may be offered during a 153-day window of opportunity beginning April I, 2008, and ending August 31, 2008, with said incentive being a lump sum payment of one week of base salary plus service increment (maximum of 35 weeks), determined as of December 31, 2007, for each full year of retirement service as of December 31, 2007. BE IT FURTHER RESOLVED that funding for the VOLUNTARY SEPARATION INCENTIVE PROGRAM FOR RETIREMENT shall be obtained from surplus funds available in the existing Oakland County Employees Retirement System retirement account. BE IT FURTHER RESOLVED that employees on the defined benefit and defined contribution retirement plans desiring to participate in the VOLUNTARY SEPARATION INCENTIVE PROGRAM FOR RETIREMENT must file written application to retire no less than 30 days in advance of their requested retirement date with the Retirement Commission, on the appropriate form, but in no event shall the application form be filed later than May 30, 2008. Personnel Committee Vote: Motion carried unanimously on a roil call vote with Suarez and Coleman absent FLY CONFIDENTIAL To: Mt. Douglas Williams, Retirement System Administrator FROM: Louise Gates, ASA, MAAA W. James Koss, ASA.., MAAA, EA Gabriel, Roeder, Smith & Company SUBJECT: Proposed RIP for General County Employees Covered by the VEBA DATE: February 7, 2008 A. BACKGROUND Submitted in this report are the results of actuarial valuations to determine the change in the financial position of the Oakland County Retirees' Health Care Trust (a.k.a.. a Voluntary Employees Beneficiary Association (VEBA)) due to the proposed Retirement Incentive Program (RIP). This report includes the impact of the proposed RIP on the retiree health plan only. The expected impact of the RIP on the Oakland County Employees Retirement System (OCERS) is the subject of another report. The date of the valuation was June 30. 2008. This means that the results of the supplemental valuation indicate what this valuation would show if the proposed benefit changes were in effect on this date. Supplemental valuations do not predict the result of future actuarial valuations. Future activities can affect future valuation results in an unpredictable manner. Rather, supplemental valuations give only an indication of the probable effect of the benefit change on future valuations. The valuations were based upon the assumptions, methods. and data used in the September 30, 2006 valuation of the VEBA and data submitted by the County specifically for this proposal. This data is summarized on the following page. Both actuaries submitting this report are Members of the American Academy of Actuaries (M.A.A.A.) and meet the Qualification Standards of the American Academy of Actuaries to render the actuarial opinion contained herein. 2/7/2008 Ciabricl Roeder Smith & Company -1- B. DATA Members deemed eligible for the RIP were provided by the County. These individuals were General division members age 60 with at least 8 years of service and individuals age 55 with at least 25 years of service. Two hundred fifty-two employees participating in the OCERS (the County's defined benefit plan) and 175 employees participating in the OCDCP (the County's Defined Contribution Plan) were reported by the County in connection with this study. This data is summarized in the chart below. Members of the VEBA from OCERS OCDCP Number 252 175 * 427 Payroll $16,212,017 511,721,981 S27,934,998 Averages . - Age 59.3 62.1 60.5 - Service 28.6 21.1 25.5 - Pay 5 64,337 $ 68,363 $ 65,422 * Includes about 50 people deemed ineligible for retiree health benefits upon icrirernent from County emplopnent under the RIP provisions. Item Total 2/7/2008 Gabriel Itheder Smith 8z Company C. REPORT OVERVIEW Oakland County Retirement Incentive Program Provisions Present Provisions: Members may retire with unreduced pensions upon meeting the requirements for normal retirement eligibility, namely, attainment of age 60 with completion of 8 years of service or age 55 with 25 or more years of service. Eligible retirees also receive retiree health benefits upon retirement. Retiree health benefits and eligibility requirements are summarized in the Appendix. Proposed Provisions; 1) Pension benefits would be based on the current benefit formula. 2) Eligibility for the RIP would be attainment of age 60 with completion of 8 or more years of service or age 55 with 25 or more years of service. 3) RIP participants would receive a single lump sum payment from the OCERS trust equal to one week of base pay for each year of County employment up to a maximum of 35 weeks of pay. This lump sum payment would be made from the OCERS trust for both OCERS members and OCDCP members, 4) Eligible individuals would receive retiree health benefits immediately upon retirement. These benefits would not be paid from the Retirement System trust. These benefits would be provided by the County sponsored Retiree Health program and paid from the VEBA. 5) The incentive program election period ends on June 30, 2008. 6) Employees who participate in the retirement incentive program must retire by August 31, 2008 7) All reported individuals int:aided in this report were deemed eligible by the County for the RIP. 2/7/2008 Gabrid Roeder Smith & Company -3- OAFLLA:s1D COT7NTY RETIREES' HEALTH CARE TRUST SUPPLEMENTAL ACTUARIAL VALUATION OF RIP AS OF JUNE 30, 2008 D. VALUATION RESULTS Actuarial Information: The following is the result of our valuation of the proposed RIP on the Oakland County Retirees' Health Care Trust, specifical:y .h t ee _XpeCtP(I ilICTe2ce in total VEBA liabilities due to the RIP. Present Including Provisions RIP Increase Present Value of Future Benefits (PNIF3) S109,790,395 5120.273,872 $ .0,483,477 Please see the Comments at the end of this report for important additional information. 2/7/2008 Ciabrii:1 Roeder Smith a: COrnp.any -4- E. COMMENTS Comment I: This report was based on an assumption that 100 1',.1.., of eligible- members use the RIP and that all eligible employees retire on June 30, 2008 and begin receiving retiree health benefits. Comment 2: This report was based on the per capita health costs and assumed rates of medical inflation used in the September 30, 2006 valuation of the VERA. If actual health care cost increases are higher than assumed between September 2006 and June 2008, the costs of the RIP may be higher than shown in this report. Comment 3: The impact of the RIP on County contributions depends on the utilization of the RIP and future experience of the fund. If all 427 individuals reported in connection with this study retire on June 30, 2008 under RIP provisions and all actuarial agsumptions are met, it is likely that fiscal year 2009-2010 contributions to the VERA for the General division would be smaller than expected (without the RIP) given the amortization of additional RIP liabilities over 27 years offset by the reduction in normal cost due to immediate retirement without replacement of VEBA members. Although a small reduction in employer contributions to the VEDA in the near term may occur, the long term impact of the RIP on VEBA is an increase in liabilities. Comment 4: Except where indicated, this report was prepared based on the assumptions and methods used in the 2006 valuation of the VEDA and do not include recent assumption changes adopted by the OCERS board. 217/2008 Gabriel Roeder Smith 6: Company APPENDIX Eligibility Amount CURRENT HEALTH BENEFIT PROVISIONS (SEPTEMBER 30 9 2006) EMPLOYED UNTIL RETIREMENT Hired before 9/21/85 and having 8 or more years of service, or hired between 9/21/85 and 12/31/94 and had 15 or more years of service - retired employee or survivor under the Retirement System or the defined contribution plan. Until age 65 - the same health benefits as are in effect for County employees. Beginning at age 65 - Medicare supplementary coverage. If hired before 1 1 1/89 there is reimbursement for Medicare Part B premiums. Family coverage provided if needed. Retired employee or survivor of deceased Same as above, for retired member only. employee, hired between 9/21/85 and 1231/94 and had 8 to 14 years of service. Sheriffs Command Officers and Deputies must have 25 years of service. For members hired during 1995 and later, refer to "Accumulation of Health Care Points" below. EMPLOYMENT ENDED BEFORE RETIREMENT Hired between 9/21/85 and 12/31/94 and 15 to 19 Same as above, for retired employee only. years of service. Hired before 9121/85 and 8 or more years of Same as above, with family coverage if needed, service or hired between 9f21/85 and 12131/94 with 20 or more years of service. ACCUMtLATION OF HEALTH CARE POINTS For General members hired on and after 1/1/95 (5/27/95 for Command Officers and Sheriffs Deputies), the portion of the health care costs paid by the Trust will be based on years of service at retirement. If a member has less than 15 years of service, there is no County paid retiree health coverage. If a member has 15 years of service at retirement, 60% of the health care premium will be paid by the Health Care Trust. The percent increases 4% per year of service over 15 with a 100% maximum coverage after 25 years of service. Note, that General members hired after 9/30/2006, are required to join the new county retiree health savings plan. DEATH AFTER RETIREMENT Benefits may be payable to the spouse at time of retirement under the conditions described above. DENTAL AND VISION COVERAGE Retirees and eligible family members based upon their eligibility for health benefits. VOLUNTARY SEPARATION INCENTIVE PAY RETIREMENT PROGRAM 2008 ELIGIBILITY RULES • YEARS OF SERVICE ± AGE REQUIREMENT • Must be Eligible for Normal Retirement by August 31, 2008 > Minimum Age = 55 with 25 years of service by August 31, 2008 OR > Minimum Age = 60 with 8 years of service by August 31, 2008 > Approximately 520 employees meet the above retirement eligibility criteria. > Elected Officials are not included. • RETIREMENT INCENTIVE =1 WEEK OF SALARY AS OF DECEMBER 31, 2007 for every year of County service up to a maximum of 35 weeks. "Salary" includes base salary and longevity (if applicable), and does NOT Include overtime. Shift Premium, etc. Retirement Incentive Pay will NOT increase a Defined Benefit FAC and no contributions will be made by the Employee or the County to the Defined Contribution Plan. > Employees on the Defined Benefit and Defined Contribution plan must wait a minimum of 30 days after completing an application for retirement, for their retirement to be effective. > Employees must file a retirement application between April 1, 2008 and May 30, 2008, and leave employment by August 31, 2008. > It is estimated that up to 150 employees will take advantage of this opportunity based on experience from the 1993 and 2003 retirement incentive programs. PROPOSED TIME TABLE • January 24, 2008 • January 30,2008 • February 7,2008 • February 28, 2008 • March 6, 2008 • March 7, 2008 • April 1, 2008 • May 1, 2008 • May 30,2008 • August 31, 2008 Retirement Board Meeting Personnel Committee Board Meeting Finance Committee Final Board Meeting Notify Eligible Employees Begin Accepting Applications Earliest Date To Retire Last Day for Employees To Apply Last Date To Retire 4 CONFIDENTIAL To: Mr. Douglas Williams, Retirement System Administrator FROM: Louise Gates, ASA, MAAA W. James Koss, ASA, MAAA, EA Gabriel, Roeder, Smith & Company Sulzer: Proposed ERIP for General County Employees DATE: January 29, 2008 A. BACKGROUND Submitted in this report are the results of actuarial valuations to determine the change in the financial position of the Oakland County Employees Retirement System due to the proposed Early Retirement Incentive Program (RIP). This report includes the impact of the proposed ERIP on the Oakland County Employees Retirement System (OCERS). The impact of the lump sum ERIP payments from the OCERS trust to members of the Oakland County Defined Contribution Plan (OCDCP) and members of OCERS is not included in this report. The date of the valuation was June 30, 2008. This means that the results of the supplemental valuations indicate what the September 30, 2008 valuation would have shown if the proposed benefit changes had been in effect on that date. Supplemental valuations do not predict the result of future actuarial valuations. Future activities can affect future valuation results in an unpredictable manner. Rather, supplemental valuations give only an indication of the probable effect of the benefit change on future valuations. The valuations were based upon the data submitted by the County specifically for this proposal. This data is summarized on the following page. Both actuaries submitting this report are Members of the American Academy of Actuaries (M.A.A.A..) and meet the Qualification Standards of the American Academy of Actuaries to render the actuarial opinion contained herein. 1129/2008 Gabriel Routicr Smith & Company -1- 5 B. DATA OCERS members deemed eligible for the ERIP were provided by the County. These individuals were General division members age 60 with at least 8 years of service and individuals age 55 with at least 25 years of service. Two hundred fifty-two employees participating in the OCERS (the County's defined benefit plan) and 175 employees participating in the OCDCP (the County's Defined Contribution Plan) were reported by the County in connection with this study. This OCERS data is summarized in the chart below. Age 60 Age 55 Item 8+ Years of Service 25+ Years of Service Number 73 179 Payroll $3,976,113 S12,236,904 Averages - Age 62.3 58.1 - Service 20.2 32.0 - Pay $ 54,467 $ 68,363 Individuals satisfying both the age 60 with at least 8 years of service retirement eligibility condition (60/8) and the age 55 with at least 25 years of service retirement eligibility condition (55125) were included in the age 55 with 25 years of service group. 1/29/2008 Gabriel Roeder Smith 6: Company -2- C. REPORT OVERVIEW Oakland County Employees Retirement System Early Retirement Incentive Program Provisions Present Provisions; Members may retire with unreduced pensions upon meeting the requirements for normal retirement eligibility, namely, attainment of age 60 with completion of 8 years of service or age 55 with 25 or more years of service. Benefit formulas are summarized in the Appendix. Proposed Provisions: • Benefits would be based on the current benefit formula. • Eligibility for the ERR) would be attainment of age 60 with completion of 8 or more years of service or age 55 with 25 or more years of service. • ERIP participants would receive a single lump sum payment from the OCERS trust equal to one week of base pay for each year of County employment up to a maximum of 35 weeks of pay. This lump sum payment would be made from the OCERS trust for both OCERS members and OCDCP members. • Eligible individuals would receive retiree health benefits immediately upon retirement. These benefits would not be paid from the Retirement System trust. These benefits would be provided by the County sponsored Retiree Health program. • The incentive program election period ends on June 30, 2008. • Employees who participate in the retirement incentive program must retire by August 31, 2008 • All reported individuals included in this report were deemed eligible by the County for the ERIP. D. VALUATION RESULTS The following pages show the expected impact of the proposed ERIP on OCERS as of June 30, 2008. Please see the Comments at the end of this report for important additional information. 1/29/2006 Gabricl Rocilur Smith & Company 7 OAKLAND COUNTY EMPLOYEES' RETIREMENT SYSTEM SUPPLEMENTAL ACTUARIAL VALUATION AS OF JUNE 30, 2008 Early Retirement Incentive Program Actuarial Information: The following is the result of our valuation of the proposed ERIP on OCERS, specifically the net increase in PVFB due to immediate retirement. As requested by the County, Results are summarized based on retirement eligibility. A summary of individuals included in each group is shown on page 2, Results for Individuals Eligible to Retire under the 60/8 Provisions Provisions Present ERLP Present Value of Future Benefits (PVFB) $17,662,469 S17,302,785 Present Value of Future Employee Contributions Net PVFB 85,958 0 $17,576,511 517,302,785 Increase (decrease) in OCERS' liabilities $ (273,726) Results for Individuals Eligible to Retire under 55/25 Provisions Provisions Present ER!? Present Value of Future Benefits (PVFB) $85,348,320 $89,506,634 Present Value of Future Employee Contributions Net PVFB 369,402 0 $84,978,918 589,506,634 Increase (decrease) in OCERS' liabilities 54,527,716 1129/2008 Gabriel Roeder Smith Lk: Company -4- 8 E. COMMENTS Comment 1: Each proposal includes an assumption that 100% of eligible OCERS members use the ERIP and that all eligible employees retire on June 30, 2008. Comment 2: Lump sum payments that will be paid to eligible employees in connection with the proposed ERIP were not provided to the actuary and are not included in this report. The impact of this provision could be as much as $14,000,000. This report snows the potential impact on OCERS of all eligible ERIP participants retiring on June 30, 2008. We recommend that calculations of the lump sum payouts be made by the County and added to the results of this report. Comment 3: The impact of the proposed ERIP on the VEBA is not included in this report. Comment 4: Individuals who were reported as eligible for the ERIP were classified as eligible for retirement under the 60/8 or the 55125 aue/ service provisions. Individuals who met both retirement provisions were included in the 55125 group shown in this report. In addition, our review of the data shows that 48 people submitted by the County in connection with this study did not meet the eligibility conditions of the ERIP based on our calculations of age and service. Differences may be due to OCERS service crediting policies or rounding differences. All 252 individuals provided in connection with this study were included in this valuation for the proposed ERIP. This difference is noted as part of our review. Comment 5: The County has indicated that OCPCP members who participate in the ERIP will receive a lump sum payment of up to 35 weeks base pay from the OCERS' trust. Given that OCDCP members are not members of OCERS, we recommend that this matter be reviewed by legal counsel before payments are made. Comment 6: This report shows the potential impact on OCERS' liabilities based on September 30, 2006 assumptions and methods (except where indicated) and does not reflect the new assumptions and methods adopted by the OCERS board in connection with the recent experience study. The County contribution rate is expected to remain $0 after implementing the ERIP although the surplus is expected to be significantly lower, 11290008 Gabriel Roeder Smith & Company -5- 9 APPENDIX l e CURRENT OCERS RETIREMENT BENEFIT PROVISIONS AS OF SEPTEMBER 30, 2006 Eligibility Regular Retirement General Division Members: Age 55 with 25 years of service, or age 60 with 8 years of service. Retirement Benefit Formula / Provisions Total service times 2.0% of final average compensation (FAC) for Plan A members (2.2% for years in excess of 14 for contributing members). Total service times 1.8% of FAC for Plan B members. (1.98% for years in excess of 14 for contributing members) Maximum County Portion is 75% of FAC. Final average compensation is defined to be the highest 5 consecutive years out of the last 10. Some lump sums are included. For BU48 nurses hired after 1/1193, overtime pay is excluded from PAC. 1/29/2008 CGibnel Rockr Smith & Company •1 Resolution #08029 February 7, 2008 The Chairperson referred the resolutior to the Finance Committee. There were no objections. 12 Resolution #08029 February 7, 2008 The Chairperson referred the resolution to the Finance Committee. There were no objections. FISCAL NOTE :M.R. JJCi332) March 6, 2008 FINANCE COMYITTEE, M=NE 17\OGERS, CEAIHPERS:7;N HUMAN RESOURCES DEPARTMENT - VOLUNTARY SEPARATION INCENTIVE PAY RETIREMENT PROGRAM TO THE OAKLAND COUNTY BOARD OF COMXISSIONERS Chairperson, Ladies and entlemen: Pursuant to PLIe X:7 -C of this Board, the Finance Committee has reviewed the above referenced resolution and fi7,ds: 1. Due to economic dem:nds and the need to reduce ()perational expenses, the County Executive has provided a mechanism to reduce workforce leveLs, cLeate pc,Eition vaoanoles and provide Department Directors and 'Fleeted Official with the opportunity to reduce costs and reor•anic and restructure Thperatious t?...rough a voluntary separation incentive for County e'm.ployees to retire. 2. Approximately er:oloyees are eligible for retirement as of August 31, 20:3. 3. There is sufficient f ..;hdihg available in tne EensLon System to cover the cost for no employees who pply for the Voluntary Separation Tncehtiv Fay Retiroment Prcgrdm. 4. No budget amendont i3 recommended. F=NANT.E COMMT7TEE FINANCE COMMITTEE: Motion carried unanimously on a roll cal vote with Crawford and Long absent. Resolution #08029 March 7, 2008 Moved by Middleton supported by Coulter the resolution (with fiscal note attached) be adopted. Moved by Middleton supported by Coulter the Finance Committee Report be accepted. A sufficient rnalority having voted in favor, the report was accepted. Moved by Middleton supported by Coulter the resolution be amended to coincide with the recommendation in the Finance Committee Report. A sufficient majority having voted in favor, the amendment carried. Discussion followed. Moved by Greimel supported by Zace the resolution be amenoed as follows: Greimel moved to report to amenc the resolution to substitute the following language for the existing NOW THEREFORE BE IT RESOLVED paragraph. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners authorizes implementation of the following VOLUNTARY SEPARATION INCENTIVE PROGRAM FOR RETIREMENT to be offered to all non-elected Retirement System members, regardless of whether the employees are represented or non-represented and regardless of whether the represented employees collective bargaining agreements contain 'me too' clauses or do not contain such clauses. D,scussion followed. As a point of order, Commissioner Kowa II asked Nancy Scarlett, Director of Human Resources, for clarification regarding whether or lot it would violate labor contracts. Nancy Scarlett, Director of Human Resources, aadressed the Board and answered questions. Vote on amendment: AYES: Gershenson, Gregory, Greirnel, Hatchett, Nash. Spector, Woodward, Zack, Burns, Coleman, Coulter. (11) NAYS: Douglas, Gingell, Jacobsen, KowaII, Long, Middleton, Potter, Potts, Rogers, Scott, Bullard, Crawford. (12) A sufficient majority not having voted in favor, the amendment failed. / ci? Vote on resolution. as amended (per the Finance Committee Report): AYES: Gershenson, Gingen. Gregory, Greimel, Hatchett, Jacobsen, KowaII, Long, Middleton, Nash, Potter, Potts, Rogers, Scott, Spector, Woodward, Zack, Bullard, Burns, Coleman, Coulter, Crawford. Douglas. (23) NAYS: None. (0) A sufficient majority having voted in favor, the resolution (with fiscal note attached), as amended, was adopted, I IRBY APPROVE DE FORM RESOLUTION STATE OF MICHIGAN) COUNTY OF OAKLAND) I, Ruth Johnson, 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 March 6, 2008, 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 County of Oakland at Pontiac, Michigan this 6th day of March, 2008.