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City staff recommends bonding to fund $13.5 million city hall purchase; counsel outlines referendum rights
Summary
City finance staff told the commission that bonding is the only feasible way to pay for the proposed $13.5 million city hall purchase and renovation, citing an unaudited fund balance of about $13 million; bond counsel explained the 45‑day notice and 10% petition right that can force a public vote.
Danielle, the city's finance presenter, told the Mount Clemens City Commission that the city cannot pay for the proposed purchase and renovation of a building at the $13,500,000 figure discussed in prior sessions and recommended financing the project with a bond issue. "If the city was to approve the purchase of the building tonight and then renovate that building at the $13,500,000 ... the best way for the city to afford that is to actually bond out the project," Danielle said.
The recommendation comes after staff described an unaudited 2025 general fund balance of about $13,000,000 and a five‑year forecast projecting a year‑end fund balance near $11,700,000 in 2031 under the combined capital program. Staff noted that the forecast assumes…
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