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Delhi Township board approves publication of notice of intent for up to $8.5 million in sewer bonds
Summary
The Delhi Charter Township Board on Feb. 17 adopted a resolution to publish a notice of intent to issue up to $8.5 million in general obligation limited tax bonds to fund improvements to the township sanitary sewer system and publicly owned treatment works.
The Delhi Charter Township Board of Trustees voted Feb. 17 to publish a notice of intent to issue general obligation limited tax bonds not to exceed $8,500,000 to pay for capital improvements to the township’s sanitary sewer collection system and Publicly Owned Treatment Works (POTW). Trustee DiAnne Warfield moved the resolution and Trustee Matt Lincoln supported it; the motion passed on a 7‑0 roll‑call vote.
Township memos attached to the agenda said the bond proceeds would fund seven previously identified wastewater projects required by the township’s NPDES permit, including generator replacement and electrical interconnection, Evoqua rehabilitation, pump station replacement, aeration blowers, thermos rehabilitation, and the purchase of a vactor truck. The resolution and the required notice were prepared by bond counsel Miller Canfield and financial advisor Bendzinski & Co., which the township said will continue to assist with the bond issue.
The resolution directs the township clerk to publish a display notice in the Lansing State Journal describing the maximum bond amount, the purpose of the bonds and the taxpayers’ right of referendum under Act 34. The notice must be published before issuance under Section 517 of Act 34. The resolution also includes a reimbursement declaration stating the township may reimburse itself from bond proceeds for certain project costs paid from other township funds prior to issuance.
According to the board record, the township intends to pay debt service from available general funds and revenues received from the sewer system. The notice explains that a petition signed by at least 10% of registered electors within 45 days after publication would trigger a referendum and require voter approval before the bonds could be issued.
Next steps include publishing the notice and continuing work with bond counsel and advisors; no bond sale or final financing terms were adopted at the Feb. 17 meeting.
