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Council approves $90,342.89 in bills, adopts investment policy and other financial measures
Summary
Council approved payment of $90,342.89 in bills, adopted an investment policy, authorized participation in Michigan CLASS, engaged Dickinson Wright as bond counsel, and approved a wayfinding sign for two community sites.
The Village of Stockbridge council approved several finance and administrative items on Dec. 2. Members voted to pay bills totaling $90,342.89; the motion was approved by roll call.
Council adopted the Village of Stockbridge Investment Policy (motion by Howlett, supported by Cattell) and approved adding Michigan Cooperative Liquid Assets Securities System (Michigan CLASS) as an authorized investment option by resolution. The council also authorized a Bond Counsel Engagement with Dickinson Wright PLLC.
Separately, the council approved a wayfinding sign for the Stockbridge Area Senior Center and Stockbridge Community Outreach to be placed at Spring Street and West Elm Street.
All listed finance motions were approved by unanimous roll calls in the recorded minutes. The minutes do not provide detailed fiscal analyses, contract amounts for bond counsel, or projected returns for the investment options.
