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Greenville council authorizes up to $1.5 million in downtown development bonds
Summary
The Greenville City Council on Feb. 21 approved Resolution No. 23-04 to issue Downtown Development Bonds not to exceed $1.5 million to fund DDA projects — security cameras, technology upgrades and parking improvements — and delegated sale and execution authority to city officers; related TIF-funded contracts were awarded contingent on bond sale.
Greenville, Mich. — The Greenville City Council voted Feb. 21 to authorize the issuance of Downtown Development Bonds, Series 2023, in an aggregate principal amount not to exceed $1,500,000 to fund projects in the Downtown Development Authority’s 1997 Development Plan and Tax Increment Financing Plan.
The council adopted Resolution No. 23-04 on a 6–0 vote, with Councilperson Cunliffe absent. Councilperson Lehman introduced the resolution and Councilperson Johnson seconded. The bond proceeds are designated for a package of downtown improvements that the DDA identified as including security enhancements (networked video cameras and centralized storage), communication and public-address improvements, public Wi‑Fi and other technology…
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