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Committee recommends notice of intent to issue limited-tax bonds for Pontiac project and county improvements
Summary
County bond counsel and staff asked the committee to recommend publication of a notice of intent and authorization to issue limited-tax GO capital-improvement bonds for a new county building (31 East Judson) and other county improvement projects; the notice triggers a 45-day referendum period under Public Act 34.
County staff and bond counsel told the Oakland County Economic Development & Infrastructure Committee on Thursday that they plan to publish a notice of intent to issue limited-tax general obligation capital improvement bonds to finance the Pontiac Rehabilitation Project and other county improvement projects.
The presentation laid out two bond components: a not-to-exceed authorization for the new building at 31 East Judson (staff cited roughly $174,525,000 in the authorization) and a separate program for…
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