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Downtown Pontiac renovation report: county says $23M allocated, bond proceeds not yet issued; interest income nearly $850,000
5339457 · July 9, 2025
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Summary
County staff presented the monthly Downtown Pontiac renovation report and said roughly $23 million has been allocated as of June 30, bond proceeds have not yet been drawn, and interest income on set‑aside funds is approximately $850,000. The committee received and filed the report.
Brian Leffler presented the committee with the Downtown Pontiac renovation monthly report and an accounting of identified revenue sources and allocations.
Leffler said the bond component of the financing remains unissued and therefore is shown as zero in the current report.…
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