Traverse City - Proposal 2
Proposal 2Shall the Charter of the City of Traverse City, Section 129, which currently provides that the principal of the Brown Bridge Trust Fund may only be used upon approval of the voters, be amended to provide that upon recommendation of the City Treasurer, the City Commission may place any amount of the principal in the Brown Bridge Trust Fund up to a cumulative total of five million dollars ($5,000,000.00) in a separate revolving loan fund to be used only for interfund loans to other City funds within the budget of the City of Traverse City?
