County Board OKs $6M in Bonds for Roads

At its April 18, 2012 meeting, the Washtenaw County board of commissioners authorized the issuance of up to $6 million in bonds at the request of the Washtenaw County road commission. The funding would be used by the road commission to pay for road work in Ypsilanti Township, including road repaving and reconstruction, intersection improvements, traffic control devices, drainage upgrades and other related projects.

According to terms of a contract signed between Ypsilanti Township and the road commission, the township would reimburse the road commission for the work. The bonds would be issued by the road commission and backed by future tax revenues it will receive from the state. The debt would not be backed by the county’s full faith and credit.

This brief was filed from the boardroom of the county administration building, 220 N. Main in Ann Arbor. A more detailed report will follow: [link]