Published at PO Box 96 124 W. St. Clair Romeo, MI 48065. Phone: (586)752-3524 Fax: (586)752-0548
Updated Wednesday, October 01, 2014 at 3 PM EST

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Bruce seeks SIB
loan for 34 Mile

      Bruce officials are seeking a $475,500 loan to help pay for a $2.2 million paving project.
       On Nov. 13, the Board of Trustees voted 4-1 to apply for a 12-year term on a State Infrastructure Bank (SIB) loan that would assist in paying for paving 34 Mile Road from Campground to Fisher roads. Clerk Susan Brockmann was the dissenting vote.
       The township is applying through the Macomb County Department of Roads for the loan. The county and township must provide $475,500 each as a match for $1.8 million in federal grant dollars.
       The township must provide financial backing to justify going for a 12-year term. If approved, a 12-year loan at 3 percent interest would cost $47,468 a year.
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