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Novi Council hears plan, timing options after voters approve $120M public safety bond
Summary
City advisors and staff laid out procurement steps, site due diligence and multiple bond-issuance scenarios after Novi voters approved a $120 million public safety bond; council pressed advisors on rates, cash flow and schedule acceleration.
Novi City council on Aug. 25 heard a detailed briefing from project advisers on next steps for the $120,000,000 public safety bond that voters approved this summer.
City staff and advisers from PMR (Plant Moran/RealPoint), PFM (financial advisors) and Miller Canfield (bond counsel) reviewed project scope, procurement milestones and financing options. Todd Fenton of PMR summarized the program as one public safety headquarters (police and fire), two replacement fire stations and related site and road work, and said the team is moving into architect/engineer and construction manager selection. “We received proposals on August 12 and scored them that week,” Fenton said; the team intends to interview firms in early September and present finalists to the Finance & Administration Committee in October.
Sean Wall of PFM presented bond‑issuance scenarios intended to balance cash-flow needs and the city’s 1‑mill target. He described a base…
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