Candice Miller requests $20M loan from Macomb County for Fraser sinkhole fix

MOUNT CLEMENS, Mich. – Macomb County Public Works Commissioner Candice Miller is requesting a $20 million loan from the county to pay for “capital expenditures and related expenses in connection with the 15 Mile Road drain collapse.”

Miller wants the money to go to the "Macomb Interceptor Drain Drainage District." She is scheduled to announce the request during a news conference Thursday. 

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Here is the loan agreement agenda item from Macomb County Executive Mark Hackel's office -- view here. Here is what it reads, in part: 

Upon approval and the signing of this Agreement by lender and borrower, the County of Macomb shall
advance from, time to time, upon borrower's request, up to a total outstanding principal amount of Twenty Million Dollars, ($20,000,000.00) to the Macomb Interceptor Drain Drainage District for the purpose of paying (or reimbursing it for its payments of) its capital expenditures and related expenses in connection with the Fifteen Mile Road drain collapse that occurred on or about December 24, 2016. Interest shall accrue at the rate of 0.55% per annum on the outstanding principal balance until paid.

The Macomb Interceptor Drain Drainage District shall repay all principal amounts advanced under this Agreement plus interest in full on or before [June 9, 2017], the 120th day after the approval of this Agreement by a resolution adopted by the Macomb County Board of Commissioners.

If the Macomb Interceptor Drain Drainage District fails to repay this loan when due as prescribed in this Agreement, the County of Macomb and its Treasurer may set-off sufficient funds from any amounts owing to the Macomb Interceptor Drain Drainage District from the County of Macomb or its delinquent tax revolving fund or withdraw the funds from Macomb Interceptor Drain Drainage District's unrestricted accounts held by the Treasurer to recover the amount thus owed.

Crews have been working around the clock since the drain interceptor collapsed Dec. 24 beneath a neighborhood along 15 Mile Road near Utica Road. The collapse forced families from their homes and eventually sent sewage into the Clinton River.

Those living in the affected communities are asked to continue to limit their water usage.

There will be more impact on traffic in the area this weekend: Utica Road at 15 Mile Road will be closed starting at 9 p.m. Friday (02/10/2017) through 8 a.m. Monday (02/13/2017), according to the city of Fraser.

Meanwhile, Local 4 and ClickOnDetroit have been monitoring the work at the sinkhole with our 24-hour live camera -- watch here.

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