Detroit Council Approves $1.2 Billion Taxable Pension Plan

Carvlin, Elizabeth
February 2005
Bond Buyer;2/8/2005, Vol. 351 Issue 32066, p1
Trade Publication
Reports on the issuance of a taxable pension obligation certificates through a new nonprofit entity in Detroit, Michigan. Council approval of the plan to pay the city's unfunded pension liabilities; Reduction in yearly interest payments by issuing certificates at a lower interest rate that its current pension obligations; Initiative to avoid the addition of long-term debt to the accounting records.


Related Articles

  • Another W. Va. Bond Plan Is Scrapped, This Time in Huntington. Ackerman, Andrew // Bond Buyer;11/17/2005, Vol. 353 Issue 32261, p6 

    Reports on the plan of Huntington, West Virginia to issue taxable bonds to shore up the city's unfunded firefighter and police pension liabilities. Role of the legal problems and conflict among municipal workers and officials in forcing the city to scrap the plan; Efforts of officials for the...

  • Corpus Christi, Tex., Council Set to Approve $110M Deal. Watts, Jim // Bond Buyer;6/14/2005, Vol. 352 Issue 32153, p3 

    Reports on the authorization of the city councils to sale a multi-million dollar general obligation and refunding bonds in Corpus Christi, Texas. Interest rate and premium of the bonds; Aid of the bond proceeds to fund streets, public health and safety and other economic development projects;...

  • Stripped-Down Slate. Watts, Jim // Bond Buyer;11/22/2005, Vol. 354 Issue 32264, p31 

    Reports on the expected consideration of a multi-million dollar recommendation for a bond package as early as mid-December by the Abilene City Council in Texas.

  • Atlanta Council Approves $120M Deal for BeltLine Project. DeSue, Tedra // Bond Buyer;8/20/2008, Vol. 365 Issue 32944, p4 

    The article reports on the approval granted by the Atlanta City Council to the $120 million bond deal to finance the BeltLine Project in Atlanta, Georgia. The council also approved the issuance of debt for Westside project. Under a five-year plan developed for BeltLine, most of the bond proceeds...

  • D.C. Panel to Weigh Doubling PILOT Cap, Issuing $40 Million for Housing Complex. Ackerman, Andrew // Bond Buyer;10/17/2006, Vol. 358 Issue 32488, p3 

    The article reports on the plan of the Washington D.C. Council Committee to double the city's capitalization on bonds to $500 million and authorize a $40.2 million PILOT bond deal for the finance of a housing complex. The capitalization on bonds will be backed by payments in place of taxes as...

  • Dallas Sets $236M for AAA Water Works. Williamson, Richard // Bond Buyer;7/5/2011, Vol. 377 Issue 33543, p1 

    The article reports on the plan of the city council in Dallas, Texas to offer investors with 236 million worth of highly rated water and sewer bonds to reduce spending. It sates that the 30-year fixed-rate bonds can rise up to 170 million dollar to retire commercial paper and refund the existing...

  • OKLAHOMA: Naming Rights on the Block. Watts, Jim // Bond Buyer;1/13/2009, Vol. 367 Issue 33040, p9 

    The article reports on the consideration of the Broken Arrow City Council to sell the naming rights to a new bond-financed conference center in Oklahoma. The decision came after learning that the $6.5 million allocated from a 2004 bond package will not cover the project's $14 million cost....

  • BECA is now nonprofit.  // San Diego Business Journal;07/27/98, Vol. 19 Issue 30, p35 

    States that the Border Environmental Commerce Alliance in Chula Vista, California has been accorded private non-profit status by the Chula Vista City Council.

  • The zoo report. Lockhart, Lee // Business Journal Serving Fresno & the Central San Joaquin Valley;4/30/2004, Issue 323237, p32 

    Focuses on the report submitted by the Chaffee Zoo Advisory Committee to the Fresno City Council in Fresno, California. Expansion of the Chaffee Zoo into a regional attraction through a public/private partnership under the provisions of a new nonprofit organization; Recommendation that Roeding...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics