HomeMy WebLinkAboutCOUNCIL MINUTES 1986-06-23 SPECIAL 22582
lbw MINUTES OF THE ONE HUNDRED AND NINETY-SIXTH SPECIAL MEETING
OF THE COUNCIL OF THE CITY OF LIVONIA
Pursuant to the provisions of Section 8, Chapter 14 of the City Charter,
the above meeting was held June 23, 1986 at the City Hall , 33000 Civic Center Drive,
Livonia, Michigan, and was called to order by the President of the Council at
approximately 7:30 P.M. Roll was called with the following result. Present: Robert
R. Bishop, Joan McCotter, Fernon P. Feenstra, Robert E. McCann, Gerald Taylor and Robert
D. Bennett. Absent: Ron Ochala.
Elected and appointed officials present: Robert F Nash, City Clerk, Cathryn
Kerby White, Assistant City Attorney and Jack Dodge, Director of Finance
On a motion by Councilman Bennett, seconded by Councilman Feenstra, and
unanimously adopted, it was
1581-86 WHEREAS, general ad valorem real and personal property
taxes are imposed and levied on property located in the City of
Livonia (the "City") by the City and by other units of government
for which the City is the collecting unit, pursuant to Act 206
of the Public Acts of Michigan of 1893, A D. , as amended, MCL 211 .1
et seq ("Act 206") including the Livonia Public Schools School
District, Clarenceville School District, the Schoolcraft Community
College District, and the Oakland County Intermediate School District
(collectively, the "Units") on July 1 of each year; and
WHEREAS, the City acts as the local property tax collecting
unit for the Units, and
WHEREAS, in order to significantly improve the cash flow
of the Units and to allow the Units to exercise better fiscal
control , it is necessary and desirable for the City to issue
consolidated tax anticipation notes in anticipation of part of
the real and personal property taxes of the Units levied on July
1 , 1986 on real and personal property located within the boundaries
of the City (the "Notes") in accordance with the provisions of
Section 3b of Chapter IV of Act No 202, Public Acts of Michigan,
1943, as amended, (the "Act") , and
impWHEREAS, each of the Units has consented to and has requested
the City to issue the Notes by separate resolutions and each has
authroized a separate Tax Levy Agreement with the City with respect
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imw to the issuance of the Notes on behalf of the Units and the
collection and disposition of taxes levied on July 1 , 1986 (the
"Agreements"), and
WHEREAS, the Act authorizes the City to issue the Notes
after consenting to and being requested to do so by the Units,
and
WHEREAS, under the authority of the Act, the City proposes
to issue the Notes and to distribute proceeds therefrom to each
of the Units consenting to and requesting the issue all in amounts
equal to a portion of the July 1 , 1986 tax levy, and
WHEREAS, it has been estimated that the amount necessary
for distribution to the Units will require the issuance, sale and
delivery of the Notes in the aggregate principal amount of
$31 ,000,000, as hereinafter provided, and
WHEREAS, no other notes have been issued in anticipation
of the taxes in anticipation of which the Notes are being issued,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF LIVONIA
1 AUTHORIZATION OF NOTES. The Notes aggregating the principal
sum of Thirty-One Million Dollars ($31 ,000,000), shall be issued
and sold pursuant to the provisions of the Act and other applicable
statutory provisions. The principal sum is calculated to produce
proceeds of the Notes equal to 93 2964% of the total of the tax
levies anticipated by each of the Units as set forth on Exhibit
A hereto
2. NOTE DETAILS The Notes shall be designated "Consolidated
Tax Anticipation Notes, Series 1986", shall be dated as of the
date of their delivery to the purchasers thereof, shall be numbered
from 1 upward, shall be fully registered, shall be in the
denomination of $5,000 each or any integral multiple thereof at
the option of the purchaser thereof, shall mature June 30, 1987
and shall bear interest at a rate of interest of 4.6% per annum
payable at maturity Interest shall be computed on the basis of
a 365-day year and the actual number of days elapsed
3. PAYMENT OF PRINCIPAL AND INTEREST The principal of and
interest on the notes shall be payable in lawful money of the United
States, in immediately available funds, upon presentation and
surrender of the notes to the note registrar and paying agent at
maturity.
4 NOTE REGISTRAR AND PAYING AGENT State Street Bank &
im. Trust Company, N A , New York, New York is hereby designated as
the paying agent for the Notes (the "Paying Agent"). State Street
Bank and Trust Company, Boston, Massachusetts is hereby designated
%
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as the registrar for the Notes (the "Registrar") The Finance
Director may from time to time as required designate a successor
Paying Agent or Registrar In addition to the other responsibilities
assigned to it pursuant to this resolution, the Paying Agent shall
take all steps necessary to pay the principal of and interest on
the Notes when due
5. EXECUTION, AUTHENTICATION AND DELIVERY OF NOTES. The
Notes shall be executed in the name of the City by the facsimile
signatures of the Mayor, City Clerk and City Treasurer and
authenticated by the manual signature of an authorized representative
of the Registrar and a facsimile of the seal of the City shall
be imprinted on the Notes. After the Notes have been executed
and authenticated for delivery to the original purchaser thereof,
they shall be delivered by the Finance Director to the purchaser
upon receipt of the purchase price Additional Notes bearing the
facsimile signatures of the Mayor, the City Clerk and City Treasurer
and upon which a facsimile of the seal of the City is imprinted
may be delivered to the Registrar for authentication and delivery
in connection with the exchange or transfer of Notes The Registrar
shall indicate on each Note the date of its authentication
6 EXCHANGE AND TRANSFER OF NOTES Any Note, upon surrender
thereof to the Registrar with a written instrument of transfer
satisfactory to the Registrar duly executed by the registered owner
160 or his or her duly authorized attorney, may, at the option of the
registered owner thereof, be exchanged for Notes of any other
authorized denomination
Each Note shall be transferable only upon the books of the
City, which shall be kept for that purpose by the Registrar, upon
surrender of such Note together with a written instrument of transfer
satisfactory to the Registrar duly executed by the registered owner
or his duly authorized attorney
Upon the exchange or transfer of any Note, the Registrar on
behalf of the City shall cancel the surrendered Note and shall
authenticate and deliver to the transferee a new Note or Notes
of any authorized denomination of the same maturity date, interest
rate and aggregate principal amount as the surrendered note.
The City, the Registrar and the Paying Agent may deem and
treat the person in whose name any Note shall be registered upon
the bocks of the City as the absolute owner of such Note, whether
such Note shall be overdue or not, for the purpose of receiving
payment of the principal of and interest on such Note and for all
other purposes All payments made to any such registered owner,
or upon his order, in accordance with the provisions of Section
3 of this resolution shall be valid and effectual to satisfy and
lip discharge the liability upon such Note to the extent of the sum
or sums so paid and neither the City, the Registrar nor the Paying
Agent shall be affected by any notice to the contrary. The City,
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to the extent permitted by law, will indemnify and save the Registrar
and the Paying Agent harmless from and against any and all loss,
cost, charge, expense, judgment or liability incLrred by it, acting
in good faith and without negligence hereunder, in so treating
such registered owner
For every exchange or transfer of Notes, the City or the
Registrar may take a charge sufficient to reimburse it for any
tax, fee or other governmental charge required to be paid with
respect to such exchange or transfer, which sum or sums shall be
paid by the person requesting such exchange or transfer as a
condition precedent to the exercise of the privilege of making
such exchange or transfer.
7. FORM OF NOTES. The Notes shall be in substantially the
following form
UNITED STATE OF AMERICA
STATE OF MICHIGAN
COUNTY OF WAYNE
CITY OF LIVONIA
CONSOLIDATED TAX ANTICIPATION NOTE, SERIES 1986
INTEREST RATE MATURITY DATE OF ORIGINAL ISSUE CUSIP
4.60% June 30, 1987 June 26, 1986
Registered owner
Principal Amount
The City of Livonia, County of Wayne, State of Michigan (the
"City"), acknowledges itself indebted to, and for value received,
hereby promises to pay to the Registered Owner identified above,
or registered assigns, the Principal Amount set forth above and
interest thereon at the Interest Rate specified above on the maturity
date specified above, upon presentation and surrender of this note
at the principal office of State Street Bank and Trust Company,
N.A. , New York, New York, as paying agent, or at such successor
note paying agent as may be designated pursuant to the Resolution.
Principal and interest are payable in lawful money of the United
State of America in immediately available funds Interest on the
notes shall be computed on the basis of a 365 day year and the
actual number of days elapsed
iwoThis note is one of a series of notes aggregating the principal
sum of Thirty-One Million Dollars ($31 ,OCO,000) issued by the City
under and pursuant to and in full conformity with the Constitution
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and Statutes of Michigan (especially Section 3b of Chapter IV of
Act No. 202, Public Acts of 1943, as amended) and a note authorizing
resolution adopted by the City Council of the City (the
"Resolution") The proceeds of the notes are to be used to make
payments to various taxing units levying ad valorem taxes on taxable
property located within the boundaries of the City in amounts equal
to their respective shares of the proceeds of the notes as set
forth in the Resolution.
For the payment of the principal of and interest on this note,
and the series of notes of which this is one, the City has pledged
all amounts in its 1986 Note Payment Fund (as defined in the
Resolution). In addition, the City has pledged its limited tax
full faith and credit therefor Should the funds pledged for payment
of the principal of and interest on the notes of this series be
insufficient therefor, the City shall pay such principal and interest
as a first budget obligation from its general funds, including
the proceeds of the levy of ad valorem taxes on all taxable property
in the City, subject to applicable charter, statutory and
constitutional limitations. The City does not have the authority
to levy taxes for payment of the principal of and interest on the
notes in excess of applicable charter, statutory or constitutional
limitations.
This note is transferable, as provided in the Resolution,
only upon the bocks of the City kept for that purpose by State
Street Bank and Trust Company, Boston, Massachusetts, as note
registrar, upon the surrender of this note together with a written
instrument of transfer satisfactory to the note registrar and paying
agent duly execLted by the registered owner or his or her attorney
duly authorized in writing Upon the exchange or transfer of this
note a new note or notes of any authorized denomination, in the
same a9gregate principal amount, shall be authenticated and delivered
to the transferee in exchange therefor as provided in the Resolution,
and upon payment of the charges, if any, therein provided. Notes
so authenticated and delivered shall be in the denomination of
$5000 or any integral multiple thereof
This note is not subject to redemption prior to maturity.
It is hereby certified, recited and declared that all acts,
conditions and things required to exist, happer and be performed
precedent to and in the issuarce of the notes of this series,
existed, have Fappered and have been performed in due time, form
and manner as required by the Constitution and laws of the State
of Michigan.
IN WITNESS WHEREOF, the City of Livonia, County of Wayne,
State of Michigan, has caused this note to be execLted in its name
by the facsimile signatures of its Mayor, City Clerk and City
Treasurer and a facsimile of its corporate seal to be imprinted
hereon This note shall not be valid unless the Certificate of
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L Authentication has been manually executed by an authorized
representative of the note registrar and paying agent
CITY OF LIVONIA
(SEAL)
By By:
City Clerk Mayor
By
City Treasurer
CERTIFICATE OF AUTHENTICATION
This note is one of the notes described in the within mentioned
Resolution.
State Street Bank and Trust Company, Boston, Massachusetts
By
Authorized Representative
AUTHENTICATION DATE:
ASSIGNMENT
For value received, the undersigned hereby sells, assigns
and transfers unto
(please print or type name, address and taxpayer identification
number of transferee) the within note and all rights thereunder
and does hereby irrevocably constitute and appoint
attorney to transfer the within note on the books kept for
registration thereof, with full power of substitution in the
premises.
Dated
Notice The signature(s) to this assignment
must correspond with the name as
it appears upon the face of the within
Note in every particular, without
alteration or enlargement or any
change whatever. When assignment
is made by a guardian, trustee,
executor or administrator, an officer
Iwo of a corporation, or anyone in a
representative capacity, proof of
his authority to act must accompany
the Note.
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Imp Signature Guaranteed
The signature must be guaranteed by a commercial bank, a trust
company or a brokerage firm which is a member of a major stock
exchange
8 NOTE PAYMENT FUND. There is hereby established with a
bank or savings institution to be selected by the City Treasurer
an account designated the 1986 Note Payment Fund into which the
City Treasurer shall deposit as received all July 1 , 1986 taxes
collected on behalf of the Units on and after July 1 , 1986 (except
amounts, not to exceed $50,000, collected on or prior to July 15,
1986, which will be distributed to the Units pursuant to the
Agreements) up to the amount of each Unit's share of the Note
proceeds plus all interest and penalties applicable thereto and
any interest earnings thereon in accordance with the Agreements.
The City Treasurer also shall deposit in the 1986 Note Payment
Fund all other amounts received by the City pursuant to the
Agreements and by the Act, the deposit required by Section 10 of
this Resolution and all investment earnings on all moneys deposited
in the 1986 Note Payment Fund. The City hereby pledges all moneys
and funds deposited in the 1986 Note Payment Fund for the payment
of the principal of and interest on the Notes as the same shall
become due and payable. The principal of and interest on the Notes
shall be paid at maturity using any moneys in the 1986 Note Payment
Fund. Until the principal of and interest on the Notes have been
paid in full , the 1986 Note Payment Fund shall be used for no other
purpose All amounts remaining in the 1986 Note Payment Fund after
the principal of and interest on the Notes and all expenses incurred
in connection with the issuance of the Notes have been paid in
full , shall be transferred to the general fund of the City
9. FULL FAITH AND CREDIT OF CITY. The Notes shall be limited
tax general obligations of the City and the full faith yard credit
of the City is hereby pledged for the payment of the principal
of and interest on the Notes. The City covenants that if the amounts
on deposit in the 1986 Note Payment Fund are not sufficient to
pay the principal of and interest on the Notes when due at maturity,
the City will promptly pay from its general fund moneys as a first
budget obligation including the proceeds of a tax levied therefor
on all taxable property within the boundaries of the City within
applicable constitutional , statutory and charter limitations, an
amount which, when added to the amount on deposit in the 1986 Note
Payment Fund, will enable the payment of such principal and interest
on the Notes The City shall not have the power to levy taxes
for the payment of the principal of and interest on the Notes in
excess of applicable constitutional , statutory or charter
limitations Nothing in this section shall be construed as
iwe prohibiting the City from issuing or incurring additional limited
or unlimited tax obligations for any purposes permitted by law
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10 NOTE PROCEEDS FUND There is hereby established with
a bank or savings institution to be selected by the City Treasurer
an account designated the 1986 Note Proceeds FLrd into which the
City Treasurer shall deposit the proceeds of the Notes. The City
Treasurer shall pay to the Units their respective shares of the
proceeds of the Notes in accordance with the Agreerents. Any amounts
remaining in the 1986 Note Proceeds Fund after the Units have been
paid their respective shares of the proceeds of the Notes and after
payment of all costs of issuance of the Notes stall be transferred
to the 1986 Note Payment Fund The City Finarce Director shall
determine each Unit's share of the proceeds of the Notes in
accordance with the Agreements.
11 . INVESTMENT OF MONEYS. The City Treasurer is hereby
authorized and directed to invest all moneys in the 1986 Note Payment
Fund and the 1986 Note Proceeds Fund in investments which are
authorized as lawful investments for cities in accordance with
applicable state law subject to the provisions of any agreements
applicable to the investment of such moneys. The form of investment
agreements with Standard Federal Bank, Troy, Michigan, First Federal
of Michigan, Detroit, Michigan and Michigan National Bank of Detroit,
Detroit, Michigan to provide for the investment of moneys in said
funds each on file with the City Clerk are each hereby approved
and the Mayor, City Clerk and City Treasurer (or Deputy City
Treasurer) are hereby authorized to execute ant deliver each of
said agreements on behalf of the City with such changes as they
deem appropriate and not adverse to the City.
12 APPROVAL OF AGREEMENTS There have been presented to
this Council the forms of Agreements between the City and the Units.
The Mayor and City Clerk are hereby authorized to execute and deliver
such Agreements on behalf of the City and are further authorized
to approve any changes, corrections, additions, deletions or other
revisions to said Agreements as in their judgment shall be
appropriate or necessary to effect the issuance of the Notes and
which do not adversely affect the City Execution of any Agreement
shall be deemed to constitute the approval of any such change,
correction, addition, deletion or other revision. Copies of the
Agreements which have been presented to this Council shall be
identified as such and placed on file with the City Clerk. The
City hereby pledges all of its right, title ard interest in, to
and under the Agreements to the payment of the Notes
13. PAYMENT OF EXPENSES. The Finance Director is hereby
authorized and directed to pay all of the expenses of the issuance
of the Notes, including but not limited to the fees and charges
of the underwriter, from investment earnings on the proceeds of
the Notes after the payments to the Units but before the transfer
thereof to the Note Payment Fund or from the general funds of the
City. The amount of the expenses paid from the general funds of
the City shall be reimbursed from the 1986 Note Payment Fund after
the principal of and interest on the Notes has been paid in full .
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Imp14 APPROVAL OF DEPARTMENT OF TREASURY The issuance and
sale of the Notes shall be subject to permission (or an exception
therefrom) being granted therefor by the Department of Treasury
of the State of Michigan The applications made by the Finance
Director to the Department of Treasury for a waiver of the
requirement for the public sale thereof and a good faith deposit
and for waiver of the requirement for credit enhancement is hereby
approved and ratified
15. OFFICIAL STATEMENT The forms of official statement
and preliminary official statement for the Notes on file with the
City Clerk is hereby approved The Finance Director is hereby
authorized to execute on behalf of the City the official statement
with respect to the Notes and the use by Morgan Stanley & Co.
Incorporated (the "Underwriter") of the official statement and
a preliminary official statement in connection with the marketing,
offering and sale of the Notes is hereby approved
16. NOTE PURCHASE AGREEMENT The note purchase agreement
(the "Note Purchase Agreement") with the Underwriter, providing
for sale of the Notes to the Underwriters at rate of interest of
4.6% at price of $30,965,875 on file with the City Clerk is hereby
approved and the Mayor and City Clerk are hereby authorized and
directed to execute and deliver the same on behalf of the Notes
to the Underwriters as provided in the Note Purchase Agreement
11, is hereby approved
17. SALE, ISSUANCE AND DELIVERY OF NOTES The City Finance
Director and all other officers and agents of the City are authorized
to do all things necessary or convenient to effect the sale, issuance
and delivery of the Notes in accordance with the provisions of
this resolution and to implement the provisions of any agreements
with respect to the issuance of the Notes or the security for the
payment of the principal of and interest on the Notes to which
the City is a party including the execution and delivery of all
documents, instruments and agreements necessary therefor and are
hereby authorized to consent to such additions or changes in any
of the agreements approved by this resolution as they deem appropriate
and not to the detriment of the City
18. MULTILATED, LOST, STOLEN OR DESTROYED NOTES In the
event any Note is mutilated, lost, stolen or destroyed, the Finance
Director may, on behalf of the City, order the Registrar to
authenticate and deliver a new Note having a number not then
outstanding, of like date, maturity, interest rate and denomination
as that mutilated, lost, stolen or destroyed
In the case of a mutilated Note, a replacement Note shall
not be delivered unless and until such mutilated Note is surrendered
to the Registrar In the case of a lost, stolen or destroyed Note,
a replacement Note shall not be delivered unless and until the
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Finance Director and the Registrar shall have received such proof
of ownership and loss and indemnity as they determine to be
sufficient, which shall consist at least of (i ) a lost instrument
bond for principal and interest remaining unpaid on the lost, stolen
or destroyed Note, (ii ) an affidavit of the registered owner (or
his or her attorney) setting forth ownership of the Note lost,
stolen or destroyed and the circumstances under which it was lost,
stolen or destroyed, (iii ) the agreement of the owner of the Note
(or his or her attorney) to fully indemnify the City, the Registrar
and the Paying Agent against loss due to the lost, stolen or
destroyed note and the issuance of any replacement Note in connection
with it, and (iv) the agreement of the owner of the Note (or his
or her attorney) to pay all expenses of the city, the Registrar
and Paying Agent in connection with the replacement, including
the transfer and exchange costs which otherwise would be paid by
the City.
19. RESOLUTION IRREVOCABLE Except as provided in Sections
24 and 25 hereof, upon delivery of the Notes, this resolution shall
be irrevocable until such date as all principal of and interest
on the Notes shall have been paid in full
20 AMENDMENTS NOT REQUIRING CONSENT OF OWNERS OF NOTES
The City may, without the consent of or notice to any of the owners
of the Notes, but with notice to Moody's Investors Service, Inc ,
161 if the Notes are rates by it, adopt one or more supplements to
or amendments of this resolution for one or more of the following
purposes, to: (i ) cure any formal defect, omission, inconsistency
or ambiguity in this resolution, (ii ) add to the covenants and
agreements of the City in this resolution or other covenants or
agreements, or to surrender any right or power reserved or conferred
upon the City, and which shall not adversely affect the interests
of the owners of the Notes, or (iii ) confirm, as further assurance,
any pledge of or lien on any moneys, securities or funds securing
the Notes
Before any supplemental or amendatory resolution is entered
into, there shall have been delivered to the Registrar, and the
City an opinion of nationally-recognized bond counsel stating that
such supplemental or amendatory resolution is authorized or permitted
by the resolution and the laws of the State of Michigan, complies
with their respective terms, will , upon its execution and delivery,
be valid and binding on the City in accordance with its terms and
will not adversely affect the exemption from federal income taxation
of interest on the Notes
21 AMENDMENTS REQUIRING CONSENT OF OWNERS OF NOTES.
Supplements to or amendments of this resolution other than those
described above may be made only by a supplemental or amendatory
resolution consented to in writing by the owners of not less than
51% of the aggregate principal amount of the Notes outstanding,
provided, however, that no supplemental or amendatory resolution
22592
will be permitted which would (a) extend the stated maturity of
or time for paying interest on any Note or reduce the principal
amount of or rate of interest payable on any Note without the consent
of the owner of such Note, (b) prefer or give a priority to any
Note over any other Note, (c) create a claim or lien upon or a
pledge of the security for the Notes ranking prior to or on a parity
with the claim, lien or pledge in favor of the owners of the Notes
except as permitted by this Resolution, (d) reduce the percentage
of the aggregate principal amount of Notes then outstanding the
consent of the owners of which is required to authorize such
supplement or amendment without in each case the written consent
of the owners of all notes then outstanding
22 AMENDMENT OF AGREEMENTS The Agreements between the
City and the Units may, following delivery of the Notes, only be
amended or supplemented for the purposes set forth in Sections
20 and 21 above in accordance with the same standards and procedures
and with the approvals of the same parties set forth in such
Sections
23 PENDING TAX LEGISLATION The City hereby covenants to
use its best efforts, to the extent permitted by law, to comply
with the requirements of the Internal Revenue Code of 1954, as
currently amended, and the requirements of H R 3838, the Tax Reform
Act of 1985 (the "Bill "), to preserve the tax exemption of the
interest on the Notes, unless, in the opinion of Note counsel ,
failure to comply with the requirements of the Bill would not impair
the exemption of interest on the Notes from federal income or State
of Michigan income taxation.
24 NON-ARBITRAGE COVENANT. Notwithstanding any other
provisions of this resolution or other resolutions previously
adopted, the City covenants with the purchaser of the Notes, that
the City will make no use of the proceeds of the Notes (within
the meaning of Sections 1 .103-13, 1 103-14 and 1 .103-15 of the
Income Tax Regulations prescribed by the Commissioner of Internal
Revenue) which, would cause the Notes to be "arbitrage bonds,"
as defined in Section 103(c) of the Internal Revenue Code of 1954,
as amended, and all rules and regulations relating to such Sections.
25. NOTICES. For purposes of notices to be given under this
resolution, the folowing addresses shall be in effect, unless and
until changed by notice from the appropriate party to all others
listed below
The City
City of Livonia
33000 Civic Center Drive
Livonia, Michigan 48154
Attention City Finance Director
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im• The Underwriter
Morgan Stanley & Co Incorporated
1251 Avenue of the Americas
New York, New York 10020
The Paying Agent
State Street Bank and Trust Company
61 Broadway
New York, New York 10004
Registrar
State Street Bank and Trust Company
Corporate Trust Department
225 Franklin Street
Boston, Massachusetts 02110
26 PRIOR RESOLUTIONS All resolutions and parts of
resolutions insofar as they conflict with the provisions of this
Resolution are hereby rescinded.
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im
Exhibit A
ALLOCATION OF JULY 1 LEVY
Amount of
Amount of Anticipated
Amount Amount Anticipated Levy Paid
of of Levy Levy Paid From
Unit Levy Anticipated From Note Collections
Proceeds July 1-11
Livonia $29, 159, 732 $27,248 , 869 $27, 175,041 .67 $43,880
Public
Schools
School
District
to Schoolcraft 1, 995, 845 1, 865,057 1, 860,002 . 20 3,005
Community
College
District
Oakland 119, 346 111, 526 111, 223 .43 180
Inter-
Mediate
School
District
Clarenceville 1, 952 , 500 1,824 , 548 1, 819,607 . 70 2,935
School
District
i,n a motion by Councilman Taylor, seconced by Councilwoman t!cCotter, and
unanimously adopted, this lS!Gth Special Meeting of the Council of the City of Livonia
was duly adjourned at $:00 P.M. , June 23, 1S0C.
Ro ert F. Nash, City Clerk