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Commission approves notice of intent to publish for up to $22 million in capital improvement bonds
Summary
The commission authorized publication of a notice of intent to issue capital improvement bonds not to exceed $22,000,000, the procedural first step that gives electors a referendum right; staff emphasized that publication alone does not authorize any bond issuance.
The Mount Clemens City Commission voted to approve a notice-of-intent resolution to publish the city's intent to issue capital improvement bonds not to exceed $22,000,000. City bond counsel and staff stressed that the action in front of the commission is a publication step required by the Revised Municipal Finance Act and that publication alone does…
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