White Lake to Pay Sewer Debt With General Fund Money
The White Lake Township board approved a loan of $740,000 from the general fund to the sewer debt fund in order to pay back bonds.
The White Lake Township Board of Trustees approved a loan of general fund dollars to the township's sewer debt fund in order to save the township from defaulting on bonds related to a decade old sewer project. The township will loan $740,000 to the sewer debt fund to pay off, in full, an outstanding bond from Oakland County and to make a payment, due in March, on another bond owed by the sewer project. Supervisor Greg Baroni said the money from the general fund was set aside last year for this purpose, and because it's budgeted, will not impact other township expenditures. The township board now must figure out how the sewer debt will repay the loan to the township. There are several options on the table, but trustee Rik Kowall said it …
Laura Vogel
1:29 pm on Wednesday, March 6, 2013
I couldn't agree more, Gerry. If I've missed a meeting or two, it would help me to be able to be a more-informed participant if I could watch the meeting(s) I missed so that I don't accidentally ask a question that might have already been answered (for example). Plus, the minutes take at least one (sometimes two or more) months before they're posted, and even once they're posted they hardly … more ›