ADOPTED - JULY 22, 2008
Agenda Item No. 24
Introduced by the Human Services, County Services, and Finance Committees of the:
INGHAM COUNTY BOARD OF COMMISSIONERS
RESOLUTION ACCEPTING AN OFFER TO PURCHASE COUNTY-OWNED REAL PROPERTY LOCATED AT 812 EAST JOLLY ROAD, LANSING, MI 48910
RESOLUTION #08-201
WHEREAS, over the past year, the Community Mental Health Authority of Clinton, Eaton, and Ingham Counties (CMH) has discussed, with the Ingham County Board of Commissioners and the Ingham County Building Authority, a proposal to purchase its primary headquarters at 812 East Jolly Road, Lansing, Michigan; and
WHEREAS, discussions with the Human Services and Finance Committees resulted in the tentative approval of the sale of the building and the property on which it stands to CMH, and the recommendation that CMH discuss with bond counsel the conditions of such a sale and the debt financing; and
WHEREAS, those discussions resulted in the determination that the bonds which financed the building are not, in the main, callable until the close of the 20 year bond life and that no other tax exempt financing can be obtained for the purchase of the building while the current tax exempt bonds are outstanding on the same building; and
WHEREAS, CMH is now proposing to purchase the land upon which the building at 812 East Jolly Road, Lansing, stands for $240,000, which is the appraised value of the land, as determined by Professional Appraisal Services in November, 2007.
THEREFORE BE IT RESOLVED, that the Ingham County Board of Commissioners authorizes the acceptance of the $240,000 offer from the Community Mental Health Authority of Clinton, Eaton, and Ingham Counties to purchase the County-Owned real property located at 812 East Jolly Road, Lansing, Michigan as described in Exhibit A attached to this resolution.
BE IT FURTHER RESOLVED, the sale of this property to CMH, shall include a written agreement that in the event that CMH is dissolved before the purchase of the building at 812 East Jolly Road, by CMH, the ownership of the land would revert to Ingham County, at a purchase price equal to the amount paid to Ingham County by CMH for the property ($240,000) or the appraised value of the land at the time of the reversion of ownership, whichever is less.
BE IT FURTHER RESOLVED, that the current lease between the Ingham County Board of Commissioners, the Ingham County Building Authority, and the Community Mental Health Authority of Clinton, Eaton, Ingham Counties (CMH) be modified to include language allowing CMH to purchase the building, for $1.00, at any point subsequent to the date at which the bonds used to finance the construction of the building are paid off, July 1, 2018.
BE IT FURTHER RESOLVED, that the closing shall take place no later than September 1, 2008.
BE IT FURTHER RESOLVED, the County Attorney shall approve as to form the agreement to sell the property and any amendments to the agreement.
ADOPTED -JULY 22, 2008
Agenda Item No. 24
RESOLUTION #08-201
BE IT FURTHER RESOLVED, the Controller/Administrator is authorized to add all revenue from the sale of this property to the General Fund unreserved fund balance.
BE IT FURTHER RESOLVED, that the Ingham County Board Chairperson and County Clerk are authorized to sign any contract documents consistent with this resolution after approval as to form by the County Attorney.
HUMAN SERVICES: Yeas: Schor, Hertel, Soule, Severino, Dougan
Nays: None Absent: Bahar-Cook Approved 7/14/08
COUNTY SERVICES: Yeas: Nolan, De Leon, Copedge, Soule, Grebner, Severino
Nays: None Absent: None Approved 7/15/08
FINANCE: Yeas: Grebner, Hertel, Weatherwax-Grant, Celentino, Dougan
Nays: None Absent: Schor Approved 7/16/08