Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance committee authorizes Emmons Lake Drainage District bond issuance up to $4.5 million
Summary
The committee authorized the issuance of Emmons Lake Drainage District bonds (Series 2025) with a pledge of the county's limited tax full faith and credit as backup security and authorized officials to execute necessary documents. The county's at-large share was cited as $214,000 for FY2025.
The Kent County Board of Commissioners Finance Committee authorized the Emmons Lake Drainage District to issue bonds (Series 2025) to finance specific intercounty drain improvements, with bond proceeds limited to an amount not to exceed $4,500,000.
Meeting materials cited Act 40, Public Acts of Michigan 1956, as amended, as the statutory authority for drain improvements. The proposed resolution authorizes the pledge of the county's limited tax full faith…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
