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South Lyon council unanimously authorizes second series of $18.465 million street-improvement bonds
Summary
Council approved a resolution authorizing the second and final series of unlimited-tax general obligation bonds tied to the voter-approved $18.465 million street-improvement package; financial advisor estimated the sale in early March with modeled millage around 4.1–4.2 mills.
The South Lyon City Council voted unanimously to authorize the second and final series of the voter-approved street-improvement bond, completing the issuance authorized by the August 2022 voter approval.
Bond counsel Patrick McGough said the resolution before the council authorizes issuance of the remaining proceeds under the $18,465,000 authorization voters approved in 2022. The…
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