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Mount Clemens OKs notice of intent to seek bonds for downtown farmers market shed

Mount Clemens City Commission · May 20, 2024
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Summary

The city approved publishing a 45‑day notice of intent to issue up to $1.5 million in capital improvement bonds to support a proposed downtown farmers market shed; commissioners stressed the step is statutory and not a binding commitment to issue bonds.

The Mount Clemens City Commission voted to direct the city clerk to publish notice of intent to issue capital improvement bonds — up to $1.5 million — for a proposed farmers market facility in partnership with the Downtown Development Authority.

Commissioners and staff emphasized that publishing the notice is a statutory, preliminary step that does not bind the city to issue bonds or proceed with construction. "The application for the grant, even the bond resolution do not bind the city to actually have the bonds issued," a staff member said, and bond counsel from Miller Canfield was cited as reassuring the commission that the notice is nonbinding.

Steven Saff Jr., speaking for the DDA, described a proposed roughly 40‑space shed on Pine Street in downtown Mount Clemens intended to bring the farmers market back to the downtown area year‑round and extend the market’s season. He said the DDA and city will hold a joint study session to discuss financing and loan repayment plans with USDA and other partners.

Commissioners questioned estimated costs and operations: an engineering estimate was cited at about $1.3 million, and staff said the structure would be city‑owned while the DDA would participate in operation and maintenance. Commissioners requested clearer language about petition and voting requirements; staff responded that residents have 45 days after publication to file a petition requesting a vote of electors.

The commission approved the resolution by roll call, with commissioners recording that the vote was taken with the understanding the step was not a binding financial commitment.