News from the City Government

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Detroit Mayor Mike Duggan today joined representatives from Quicken Loans, The Home Depot and members of the community to announce the “Rehabbed and Ready” program – a public-private campaign to renovate homes, increase occupancy and bring pricing stability to Detroit’s neighborhoods.
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20

Detroit bonds get very favorable interest rate

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When the bankruptcy court approved the City of Detroit’s Plan of Adjustment last December, it was projected the city would be required to pay an interest rate of 5.75% on the bonds it planned to sell to finance many of its post-bankruptcy expenses
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All marked cars will have fully operational dash cameras within the next 12 months
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New Logistics Center to bring 150 jobs to Detroit's East Side
Detroit Mayor Mike Duggan, joined by City Council Member Scott Benson, announced today a development that is bringing 150 jobs to an area of the city with the highest rate of unemployment.
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07

Preparing For the Next Storm

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Preparing For the Next Storm
How a Grant Will Help Detroit Fight Blight and Floods
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As Part of its 21st Century On-Street Parking System Overhaul ParkDetroit transitions the city into more efficient and customer friendly on-street parking system. Flanked by a small army of parking enforcement officers, and local merchants, City of Detroit Chief Operating Officer Gary Brown and Municipal Parking Director Norm White, launched the city’s new ParkDetroit mobile app which helps make its system arguably the most comprehensive on-street parking system in the country. ParkDetroi...
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Standard and Poor’s Ratings Services (S&P) today issued a solid investment grade credit rating of “A/stable” on $245 million worth of bonds to be offered to the public by Barclay’s, Mayor Mike Duggan announced today. As a result of the favorable rating, the city believes it will save $2.5 million annually and $20 million in interest costs over the life of the debt.
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John Hill receives Top CFO for government today from Crain’s Detroit Business
Detroit’s Chief Financial Officer, John Hill, today was presented an award by Crain’s Detroit Business as the region’s top government CFO. In its selection of Hill, Crain’s cited his handling of the City’s bankruptcy finance process and his efforts to transform the City’s finance operations.
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Mayor also to give presentations on Detroit’s recovery to groups in Toyota and Tokyo to lay groundwork for possible future business and investment Mayor Mike Duggan will travel to Japan next week to mark the 55th anniversary of the Sister Cities relationship between Detroit and Toyota City, Japan, and to highlight Detroit’s ongoing recovery during addresses he will give in Toyota City and Tokyo.    Mayor Duggan chose Japan for his first international trip because of the special business ...
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Here’s what the Free Press left out….The City of Detroit’s position is clear regarding electronic communications:  City employees are encouraged to use all forms of digital communication and social media to share information with their colleagues and the public, as long as it is not sensitive or confidential in nature.   In the world of ever expanding social media channels, it would be foolish to assume information is not being shared this way. From a public disclosure perspective, however, t...
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