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Detroit callers accuse city of mishandling 498 Peterborough sale, press council on retiree clawbacks and bond oversight
Summary
During a public comment period lacking quorum, callers alleged the city improperly transferred 498 Peterborough out of a tax auction, urged relief for retirees facing a 6.75% clawback interest, and warned revenue bonds require public notice and council authorization, while several speakers called for better oversight and punctual council attendance.
Detroit — Public commenters at a Detroit City Council session on the morning the body lacked a quorum accused city officials of mishandling a property sale, urged relief for retirees and questioned the process for issuing revenue bonds.
A caller identified in the record as Miss Warwick alleged the city removed 498 Peterborough from a tax auction and transferred the parcel to Midtown Inc. for under $3,000 despite what she said was a $25,000 offer from a neighboring owner, Cindy Dara. "They took it out of the tax auction to give to Midtown Inc for less than $3,000 even though Cindy offered 25,000," the caller said. She added that the parcel was later flipped for a substantially higher price and alleged the Office of Inspector General delayed a review for more than…
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