County OKs Bond Transfer to WCC

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At its Sept. 1, 2010 meeting, the Washtenaw County board of commissioners gave initial approval to transfer the use of $10 million in federal Recovery Zone Economic Development Bonds from the county to the Washtenaw Community College. WCC plans to use the bonds to fund construction of a parking structure. The county has been allocated just over $22 million for this type of bond as part of the 2009 federal stimulus bill, but has not used any of its allocation, which expires at the end of 2010. The board is expected to vote on final approval of the transfer at its Sept. 15 meeting.

This report, filed from the board meeting, will be followed by a detailed article. [link]