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Callers press Detroit officials on revenue-bond procedure, HUD reprimand and retiree annuity clawback
Summary
Callers during a public-comment session urged clearer revenue-bond notice procedures, said the city's HRD had been reprimanded by HUD, and asked the city to waive a 6.75% annuity "clawback" for retirees; claims were made as public comment and were not resolved at the meeting.
During a City Council committee session that moved directly into public comment because a quorum was not present, multiple callers raised finance-related concerns aimed at city procedures and retiree protections.
"Revenue bonds do require notice of intent to be put in the newspaper of general circulation, as well as a referendum," said Malik Shelton, who identified himself during his remarks and…
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