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Wednesday’s Hancock City Council meeting will have a heavy financial focus. They will review results from the most recent audit. City Manager Mary Babcock says she isn’t expecting any surprises to be revealed.
On the agenda for new business, the council is expected to agree to work with Robert W Baird to refinance $500,000 of long-term debt. The council is also set to examine a Corrective Action Plan, required by the Michigan Department of Treasury in regards to underfunded pension plans.
The Downtown Development Authority met on Monday and approved the writing of a grant proposal to purchase waterfront property for access trails. No development would occur on the acquired parcel, says Babcock.
Action on a potential electric vehicle charging station was deferred until next month.
