10/23/12 - The Fenton Downtown Development Authority is planning to sell $5 million in bonds to pay for improvements to the cityâs downtown area. The sale of the bonds was approved by the city council last night, but the DDA will be responsible for their sale and repayment. The sale will provide $1 million to the Fenton Community Center renovations, which will add two classrooms to the south side of the building and improve handicapped access. The remaining $4 million will go toward the cityâs streetscape project. That initiative will make various improvements to the downtownâs sewer and storm water systems, provide new benches and trash bins, and repave portions of Shiawasse and Leroy Streets. City Manager Lynn Markland tells WHMI these improvements will complement other projects happening in the downtown in the coming months. The DDA improved its chances for a better interest rate on the bonds by grouping the two projects into a single bond sale. (TD)
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