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DDA approves resolution authorizing reimbursement of Burberg purchase from future bond proceeds
Cascade Charter Township Downtown Development Authority · November 24, 2025
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Summary
The DDA approved Resolution No. 2025-1 to authorize reimbursement of funds spent to buy the Burberg property; staff explained the reimbursement timing tied to future bond issuance and noted third-party consultants will assist with bond structure and timing.
The Cascade Charter Township DDA voted to approve Resolution No. 2025-1, authorizing reimbursement of DDA expenditures associated with the Burberg property purchase from future bond proceeds. Township staff said the resolution is standard for ensuring that bond proceeds can be used to reimburse prior expenditures that fall…
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