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Oakland County panel recommends notice of intent for large LTGO bond package, forwards plan to finance
Summary
Bond counsel and county staff recommended publishing a notice of intent and authorizing limited‑tax general obligation (LTGO) bonds to fund a new county building and other county improvement projects; the committee voted to forward the resolution to the Finance Committee after a 45‑day referendum notice is published.
Oakland County bond counsel and financial staff told the Economic Development & Infrastructure Committee on Dec. 11 that the county plans to publish a notice of intent and seek authorization to issue limited‑tax general obligation (LTGO) capital improvement bonds to finance multiple county projects, including a new county building and other county improvement projects tied to Pontiac’s rebuilding program.
Jared Smith of Dickinson Wright, acting as bond counsel, said the resolution being recommended would both repeat the public notice of intent and authorize bond issuance after the statutorily required 45‑calendar‑day referendum period. “Once…
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