HomeMy WebLinkAboutResolutions - 2008.09.04 - 9659September 4, 2008
REPORT MR # 08169
BY: Personnel Committee, Thomas F. Middleton, Chairperson
RE: Economic Development & Community Affairs/Planning & Economic
Development Services — Creation of One (1) SR-Funded Loan Coordinator
Position
TO: Oakland County Board of Commissioners
Chairperson, Ladies and Gentlemen: • •
The Personnel Committee having reviewed MR #08169 on August 27, 2008 Reports
with the recommendation the resolution be adopted.
Chairperson, on behalf of the Personnel Committee, I move the acceptance of the
foregoing report.
PERSONNEL COMMITTEE
Personnel Committee Vote:
Motion carried on a unanimous roll call vote with Rogers, and Coleman absent.
NNING & BUILDING COMMITTEE
'7
•
MISCELLANEOUS RESOLUTION #08169 August 21, 2008
BY: PLANNING & BUILDING COMMITTEE — SUE ANN DOUGLAS, CHAIRPERSON
IN RE: ECONOMIC DEVELOPMENT & COMMUNITY AFFAIRS/PLANNING & ECONOMIC
DEVELOPMENT SERVICES — CREATION OF ONE (1) SR-FUNDED LOAN COORDINATOR POSITION
To The Oakland County Board of Commissioners
Chairperson, Ladies and Gentlemen:
WHEREAS the Oakland County Business Finance Corporation (OCBFC) is certified under the'Srriall
Business Administration's (SBA) Certified Development Company program; and
WHEREAS the Financial Services Unit also administers the Oakland County Economic Development
Corporation (OCEDC), issuing Industrial Revenue and 501(c)(3) bonds; and
WHEREAS the OCBFC acts as an agent to analyze, package and submit loan requests Under the
SBA 504 program; and
WHEREAS recent changes in federal regulations have increased the responsibilities of the Certified
Development Corporations (CDC); and
WHEREAS the OCBFC continues to aggressively market the SBA 504 Loan program which has
resulted in a substantial increase in lending activities; and
• WHEREAS in the first half of 2008 the OCBFC portfolio has realized a 26.9% grOwth•since 2006; and
WHEREAS the addition of a second Loan Coordinator position would ensure that the OCBFC
continue to provide expedient service to local businesses; and
WHEREAS the position will be fully funded through the Business Finance Corporation.
NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners approves
the creation of one (1) SR funded Loan Coordinator position in the Financial Services Unit of the Planning &
Economic Development Services Division.
BE IT FURTHER RESOLVED that the continuation of the position is contingent upon continuation of
OCBFC funding.
Chairperson, on behalf of the Planning & Building Committee, I move the adoption of the foregoing
resolution.
PLANNING & BUILDING COMMITTEE VOTE:
Motion carried unanimously on a soil call vote with Jacobsen absent.
August 21, 2008 Resolution #08169
The Chairperson referred the resolution to the Personnel Committee and the Finance Committee. ThEire
were no objections.
Resolution #08169 August 21, 2008
The Chairperson referred the resolution to the Personnel Committee and the Finance Committee. There
were no objections.
FISCAL NOTE (M.R. #08169) September 4, 2008
BY: FINANCE COMMITTEE, MIKE ROGERS, CHAIRPERSON
IN RE: ECONOMIC DEVELOPMENT & COMMUNITY AFFAIRS/ PLANNING & ECONOMIC
DEVELOPMENT SERVICES - CREATION OF ONE (1) SR FUNDED LOAN COORDINATOR
POSITION
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Chairperson, Ladies and Gentlemen:
Pursuant to Rule XII-C of this Board, the Finance Committee has
reviewed the above referenced resolution and finds:
1. The resolution approves the creation of one (1) FTE Special
Revenue funded Loan Coordinator position in the Financial
Services Unit of the Planning & Economic Development
Services Division.
2. The salary and fringe benefit cost of the position is
$3,239 for the remainder of FY 2008 and $70,033 for FY 2009
and FY 2010.
3. Funding for the position is available through the Oakland
County Business Finance Corporation. No General
Fund/General Purpose appropriation is required.
4. The Oakland County Business Finance Corporation (OCBFC)
acts as an agent to analyze, package, and submit loan
requests under the Small Business Association 504 Loan
Program.
5. A budget amendment to the FY 2008 Budget and FY 2009/2010
Recommended Budget is recommended as follows:
Business Finance Corporation (Fund 421184)
Revenue FY 2008 FY 2009/10
1090202-171100-631869 Reimb.Salaries $3,239 $70,033
Expenditures
1090202-171100-702010 Salaries $2,068 $44,807
1090202-171100-722740 Fringe Benefits 1,171 25,226
Total Expenditures $3,239 $70,033
$ -0- $ -0-
FINANCE COMMITTEE
FINANCE COMMITTEE: Motion carried unanimously on a roll call vote with
Coulter absent.
Resolution #08169 September 4, 2008
Moved by Long supported by Middleton the resolutions (with fiscal notes attached) on the Consent Agenda be
adopted (with accompanying reports being accepted).
AYES: Burns, Coleman, Coulter, Douglas, Gershenson, Gingell, Gosselin, Gregory, Greimel,
Hatchett, Jacobsen, KowaII, Long, Middleton, Nash, Potts, Rogers, Scott, Spector, Woodward, Zack,
Bullard. (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).
I HEREBY APPROVE THE FOREGOING 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 September 4, 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 4th day of September, 2008.
Ruth Johnson, County Clerk