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Shiawassee County commissioners approve pledge of county credit for Youngs Intercounty Drain bonds
Summary
The board voted 6–1 to approve Resolution #26-03-04, pledging Shiawassee County’s limited tax full faith and credit to bonds supporting the Youngs Intercounty Drain project; the resolution outlines a $2,085,000 estimated project cost with 61% apportioned to Shiawassee County and requires Saginaw County to adopt a similar pledge.
Shiawassee County commissioners on March 11 approved Resolution #26-03-04, pledging the county’s limited tax full faith and credit toward bonds issued for improvements to the Youngs Intercounty Drain. The motion, moved by Commissioner Brad Howard and seconded by Commissioner Bill Johnson, passed by roll call vote 6–1; Commissioner Gary Holzhausen voted no.
The resolution states a Computation of Cost that estimates total project costs at $2,085,000, apportioned 39% to Saginaw County and 61% to…
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