Hudson, MI – The City of Hudson is looking to borrow several hundred thousand dollars to make multiple payments by the end of September because they do not have the cash on-hand.
Interim City Manager Charles Weir spoke with WLEN News after Council’s recent meeting about the payments that are due…
Weir said that, aside from the payments he just laid-out, there are other infrastructure safety issues that could be addressed with the bond…
Hudson City Council voted to approve a bond up to $750,000. It is unclear at this time what amount will be loaned to the City. Weir anticipates the Capital Improvement Bond to be paid back over a 10 year period.
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