City of Plymouth Proposed 2022-2023 Budget - Flipbook - Page 197
The 2015 LTGO Capital Improvement Bond Debt Fund makes annual debt
payments for bonds which were issued to finance acquisition and
improvements of a public parking facility at the southeast corner of Ann Arbor
Trail and Deer Street and the installation of major water and sewer utility
improvements under Mill Street from Ann Arbor Road to the intersection of
Main Street/Plymouth Road completed as part of a county road repaving
project in the spring and early summer of 2015. Bonds were sold totaling $3.5
million in January 2015 - $2 million for water and sewer improvements and $1.5
million for parking acquisition and improvements – in order to finance both
projects. This fund is used to retire the portion of the debt related to the Parking
Acquisition and Improvements.
-3152015 LTGO CAPITAL IMPROVEMENT
BOND DEBT FUND
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