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Macomb Interceptor big budgets and costs

July 31, 2012

The Macomb Interceptor running through Warren, Michigan involves
BIG money- estimates of $ 200 million or more.

Investors offer governments practically free money
to keep their wealth safe – how – via bonds.

http://www.bondview.com/pricecheck/bond/55539PAZ1

http://www.bondview.com/pricecheck/issuer/55539PAZ1

Before the crisis, U.S. 10-year inflation-protected bonds
generally paid around 2 percent.
We are in effect, now begging governments to issue more debt.

Contracts worth MILLIONS of dollars are involved building
infrastructure crucial to the citizens of Macomb County.
OMI – stands for Oakland Macomb Interceptor

~~~~~ CLICK on images for sharper, more detailed views ~~~~~~~~~~

NTH Interceptor Contract

NTH Interceptor Contract


Inland Waters Pollution Control Interceptor Contract

Inland Waters Pollution Control Interceptor Contract

There has been controversy and court cases surrounding it all
Agenda: DRAINAGE BOARD FOR THE OAKLAND-MACOMB INTERCEPTOR DRAIN
July 17, 2012

#14. Closed Session
Tentative Confidential Attorney/Client Communication regarding status
of OMID Arbitration of Claims and Litigation. (Colaianne).
aka Joseph W. Colaianne OCWRC Attorney and Insurance Administrator
http://www.gpo.gov/fdsys/pkg/USCOURTS-mied-2_11-cv-13101/content-detail.html


A recent story about Macomb Public Works employee Mark Steenbergh

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Interceptor Wages Rates Salaries

Interceptor Wages Rates Salaries

Balance Sheet

Balance Sheet


Balance Sheet 2

Balance Sheet 2


Balance Sheet 3

Balance Sheet 3

It’s all a bit tough to follow with it, since it’s broken into various
segments and progress reports, without 1 overlying status update.
It is our taxpayer money at work, via the city, county, state, federal
and bond investor piggy banks.

The reports ARE available for public viewing under this link.
http://www.oakgov.com/water/assets/docs/drain_board_agendas/omi/2012/07_17_2012_omiddd_board_packet_agenda_w_attachments.pdf

Next Regular OMI Meeting Date: August 21, 2012
Office of the Macomb County Public Works Commissioner,
21777 Dunham Road, Clinton Township, Michigan at 10:00 a.m.,
Eastern Standard Time.

Just remember it all comes thru Warren, Michigan into Detroit:

https://redrundrain.files.wordpress.com/2012/04/oakland-macomb-interceptor.jpg

Is Warren, Michigan getting anything out of the deal, revenue dollars $ ?

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