HomeMy WebLinkAboutResolutions - 2008.10.02 - 9603MISCELLANEOUS RESOLUTION # 08207 October 2, 2008
BY: Finance Committee, Mike Rogers, Chairperson
IN RE: BOARD OF COMMISSIONERS — NOTICE TO WALLED LAKE AND WALLED
LAKE DDA
To the Oakland County Board of CommissionersChairperson, Ladies and Gentlemen:
WHEREAS the Oakland County Board of Commissioners supports the economic
growth of Oakland County; and
WHEREAS among the tools used to promote this economic growth is Tax Increment
Financing (TIF) in the form of Downtown Development Authorities (DDAs), Local
Development Finance Authorities (LDFAs), and Corridor Improvement Authorities
(GlAs); and
WHEREAS to review requests from the cities, villages, and townships to establish or
expand DDAs, LDFAs, and CIAs, the Board of Commissioners has, pursuant to
Miscellaneous Resolution #99010, established the Tax Increment Financing District
Review Policy Ad Hoc Committee (Review Committee) to evaluate and recommend to
the Finance Committee on the County's participation in these proposed Authorities; and
WHEREAS the Review Committee has promulgated protocols and performance
standards for County participation in these Authorities, and this Board of
Commissioners has adopted these policies as guidelines to assist the County in its
review of a municipality's plan; and
WHEREAS it has been the practice of the Review Committee to recommend to the
Finance Committee and to the Board of Commissioners that the County be pro-active in
reviewing plans from communities, even in those cases where the community indicates
that a proposed Authority or expanded district would not involve or include tax
increment financing (TIF) and tax capture; and
WHEREAS, by letter dated July 9, 2008, the Walled Lake Downtown Development
Authority and the City of Walled Lake notified the County that they planned to hold a
public hearing on August 19 1 2008, to consider a resolution to expand the DDA district
boundaries; and
WHEREAS the letter also indicates that if approved, there will be no TIF capture in the
expanded area, and further, that if this were to change in the future, the County will be
notified; and
WHEREAS due to the statutory 60 day time frame within which a taxing
jurisdiction, in this case the County, must act upon receiving notice from a
community that a public hearing to expand DDA boundaries will be held, the
County has determined to act on this information as set forth herein.
FINANCE COMMITTEE
Motion carried.unanimously on a roll call vote with Rogers absent,
NOW THEREFORE BE IT RESOLVED that the Board of Commissioners has no
objection to the City and the DDA's expansion of the district boundaries as set forth in
the attached "Agreement," provided that no TIE is utilized and that the County's Review
Committee is notified of any future change in TIF capture.
BE IT FURTHER RESOLVED that the Board of Commissioners hereby determines to
exercise its option to exempt County ad valorum property taxes from capture in the
expanded DDA district if the City and the DDA determine at a future date to utilize TIF in
the expanded district.
BE IT FURTHER RESOLVED that the Board of Commissioners hereby directs the
County Clerk to send a copy of this Resolution to the Clerk of the City of Walled Lake
and to the Chairperson of the DDA.
Chairperson, on behalf of the Finance Committee, I move the adoption of the foregoing
resolution.
FINANCE COMMITTEE
October 2, 2008 Resolution #08207
Moved by Rogers supported by Gershenson the resolutions (with fiscal notes attached) on the Consent
Ayenda be adopted (with accompanying repoi ts beiiiy do,epled).
AYES: Burns, Coulter, Crawford, Gershenson, Gingell, Gosselin, Gregory, Greimel, Hatchett,
Jacobsen, Kowall, Long, Middleton, Nash, Potter, Potts, Rogers, Scott, Spector, Woodward,
Zack, Dullard. (22)
NAYS: None. (0)
A sufficient majority having voted in favor, the resolutions (with fiscal notes attached) on the Consent
Agenda were adopted (with accompanying reports being accepted).
Y APPROVE THE FOREGOING REUNION
ACTING PURSUANT TO 1973 PA 1a9
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 October
2, 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 2nd day of October, 2008,
Ruth Johnson, County Clerk