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Board authorizes resolution to borrow up to $2.6 million through Michigan Municipal Bond Authority
Summary
The board approved a resolution authorizing borrowing through the Michigan Municipal Bond Authority of up to $2,600,000, as presented by Thrun Law Firm; the motion passed unanimously.
Member Xak Zdunic moved and member Nick Taylor supported a resolution authorizing the district to borrow up to $2,600,000 through the Michigan Municipal Bond Authority, as presented by Thrun Law Firm. The board adopted the resolution by unanimous roll call.
The motion text in the minutes states the district will borrow "in the amount not to exceed two million six hundred thousand dollars ($2,600,000), as presented by Thrun Law Firm." The authorization is recorded as subject to further legal and administrative steps with the Department of Treasury and bond counsel.
