Aug. 6. Election – Birmingham Parking Structure Bond Proposal

Aug. 6. Election – Birmingham Parking Structure Bond Proposal

Birmingham, MI – The City of Birmingham has a bond proposal on the Aug. 6, 2019 ballot.  Here is the proposal:

Shall the City of Birmingham, Oakland County, Michigan, borrow the principal sum of not to exceed Fifty-Seven Million Four Hundred Thousand Dollars ($57,400,000) and issue its unlimited tax general obligation bonds in one or more series, payable over a period not to exceed thirty (30) years from the date of issuance, to be used by the City for the purpose of paying part of the cost of acquiring and constructing a new parking structure  to  replace  the  North  Old  Woodward  parking  structure,  including  related  demolition,  street  and  site  improvements?

The primary source of revenue intended to retire the bonds shall consist of revenues from the City’s Automobile Parking System.

For more info on the proposed N.O.W. parking structure, visit the City of Birmingham website

Visit the Oakland County Times 2019 Election Section for more political news and candidate interviews.

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