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Saginaw County pledges limited-tax backing for Youngs Intercounty Drain bond anticipation
Summary
The Board unanimously agreed to pledge the county's limited-tax full faith and credit to back anticipated bonds for the Youngs Intercounty Drain project, covering Saginaw County's apportioned 39% of an estimated $2,085,000 project cost, with a provision to advance county funds if special assessments are unpaid.
The Saginaw County Board of Commissioners on Feb. 17 adopted Resolution 2026-1 consenting to a pledge of the county’s limited-tax full faith and credit in support of anticipated bonds for improvements to the Youngs Intercounty Drain.
The Drainage Board’s computation of cost estimated the Project at $2,085,000; the Drainage Board…
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