Stories indexed with the term ‘public works’

County Board Appoints Road Funding Committee

Washtenaw County commissioners have approved appointments to a new committee that’s charged with exploring funding options for road repair. The appointments were made at the board’s July 9, 2014 meeting.

The board had created the road funding committee on June 4, 2014, after debating whether to levy a countywide road millage or put a millage proposal on the Nov. 4, 2014 ballot to fund road repair. The final vote to create the committee had been 6-1 vote, over dissent from Conan Smith (D-District 9). Commissioners Yousef Rabhi (D-District 8) and Dan Smith (R-District 2) were absent.

In arguing against levying a tax at that time, some commissioners cited the need to study funding options – including a possible Act 283 levy, … [Full Story]

New Approach Eyed on County Bond Debt

A new way to pay off debt incurred from bonding – typically for public works projects in local municipalities – was given initial approval by the Washtenaw County board of commissioners at its Sept. 18, 2013 meeting. The proposal would allow local units of government to repay bonds early via the county’s delinquent tax revolving fund (DTRF), which is administered by the county treasurer. The intent is to reduce interest rate payments while posing no financial risk to the county, according to a staff memo.

The maximum amount of the advance would be $1 million, with a term of 10 years or less. The action would require approval by both the treasurer and the board of commissioners. Several other criteria for … [Full Story]