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Reward offered for robber of cash advance store who bound clerk


Home for the holidays, Detroit woman shot to death on Christmas morning

Home for the holidays, Detroit woman shot to death on Christmas morning

Updated: Wednesday, December 31 2014 12:32 AM EST2014-12-31 05:32:29 GMT

A bright young woman with a promising future had her life cut short on Christmas morning on Detroit’s east side. Christina Samuel was sitting in her car when she was killed.

A bright young woman with a promising future had her life cut short on Christmas morning on Detroit’s east side. Christina Samuel was sitting in her car when she was killed.

Former Motown musician wants stolen instruments back

Former Motown musician wants stolen instruments back

Updated: Tuesday, December 30 2014 11:18 PM EST2014-12-31 04:18:23 GMT

A West Bloomfield woman who played on some of Motown’s biggest hits is asking for the public’s help.

A West Bloomfield woman who played on some of Motown’s biggest hits is asking for the public’s help.

Stretch of road renamed for fallen Westland firefighter

Stretch of road renamed for fallen Westland firefighter

Updated: Tuesday, December 30 2014 10:21 PM EST2014-12-31 03:21:56 GMT

A one-mile stretch of Ford Road has been re-named The Brian Woehlke Memorial Highway. And for those who fought fires alongside of him, it’s a good way to keep his memory alive, they said.

A one-mile stretch of Ford Road has been re-named The Brian Woehlke Memorial Highway. And for those who fought fires alongside of him, it’s a good way to keep his memory alive, they said.

Reward offered for robber of cash advance store who bound clerk

Reward offered for robber of cash advance store who bound clerk

Updated: Tuesday, December 30 2014 9:33 PM EST2014-12-31 02:33:25 GMT

Waterford Township police are looking for an armed suspect who robbed an Advance America Cash Advance on Dec. 23.

Waterford Township police are looking for an armed suspect who robbed an Advance America Cash Advance on Dec. 23.

Police look for killer of Inkster boy found shot to death in street

Police look for killer of Inkster boy found shot to death in street

Updated: Tuesday, December 30 2014 8:56 PM EST2014-12-31 01:56:41 GMT

Inkster police are looking for a killer after a 17-year-old boy was gunned down, his body left in the street Monday night.

Inkster police are looking for a killer after a 17-year-old boy was gunned down, his body left in the street Monday night.

Boaters, off-road drivers to face stricter drunk driving laws

Boaters, off-road drivers to face stricter drunk driving laws

Updated: Tuesday, December 30 2014 8:14 PM EST2014-12-31 01:14:18 GMT

Michigan now has stricter drunk driving laws for boaters, snowmobiles and off-road vehicles. Gov. Rick Snyder said that the new legislation will improve public safety but some people are wondering what the real intent of the law is.

Michigan now has stricter drunk driving laws for boaters, snowmobiles and off-road vehicles. Gov. Rick Snyder said that the new legislation will improve public safety but some people are wondering what the real intent of the law is.

Graffiti of angel holding police officer at gunpoint spurs outrage

Graffiti of angel holding police officer at gunpoint spurs outrage

Updated: Tuesday, December 30 2014 7:42 PM EST2014-12-31 00:42:22 GMT

Both police and the director of a youth center in Detroit call a recent graffiti painting “hurtful.”

Both police and the director of a youth center in Detroit call a recent graffiti painting “hurtful.”

Ndamukong Suh wins appeal, will play vs Dallas

Ndamukong Suh wins appeal, will play vs Dallas

Updated: Tuesday, December 30 2014 7:07 PM EST2014-12-31 00:07:24 GMT

The Lions learned Tuesday that defensive tackle Ndamukong Suh will, in fact, play in the wild card game against the Dallas Cowboys.

The Lions learned Tuesday that defensive tackle Ndamukong Suh will, in fact, play in the wild card game against the Dallas Cowboys.

Detroit Weather Authority Forecast: A Chilly End To 2014

Detroit Weather Authority Forecast: A Chilly End To 2014

Updated: Tuesday, December 30 2014 5:55 PM EST2014-12-30 22:55:07 GMT

Weather Authority Rich Luterman: Colder and colder through the New Year.

Weather Authority Rich Luterman: Colder and colder through the New Year.

Warren teacher charged with battery of 67-year-old woman

Warren teacher charged with battery of 67-year-old woman

Updated: Tuesday, December 30 2014 5:39 PM EST2014-12-30 22:39:59 GMT

A Warren Mott High School teacher spent part of her Christmas break in jail after being arrested in the Florida keys.

A Warren Mott High School teacher spent part of her Christmas break in jail after being arrested in the Florida keys.

[…]

Montgomery County borrows to cover cash shortfall

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The Montgomery County Commissioners authorized a tax revenue anticipation note Feb. 20 that authorizes short-term borrowing to make up a cash shortfall for February.

The county will borrow $9.75 million at an interest rate of 0.61 percent for a period of two months. County Chief Financial Officer Uri Monson said the interest rate will add an additional $10,000 to the loan, which will be completely paid off by the end of April. The issuance fees for the TRAN will be just more than $31,000.

The county is not borrowing for budgetary issues, but because of a lower cash flow during February that is the result of slow tax revenues and the delay in the sale of the Parkhouse geriatric facility in Upper Providence Township, Monson said.

When the 2014 budget was being put together, the sale of Parkhouse was expected to bring the county revenue through February, which is usually a low cash-flow month, Monson said.

“February represents the narrowest cash balances for the county, as significant tax revenues do not begin coming into the county really until March,” Monson said. “2014 cash-flow projections had anticipated closing the sale of Parkhouse prior to the end of February.”

“This is a cash flow issue and one that will be corrected very shortly,” commissioners Chairman Josh Shapiro said.

In 2013, the county borrowed $30 million and incurred interest of more than $62,000.

In a press briefing after the commissioners meeting, Shapiro said the due diligence process in the sale of Parkhouse is on schedule and proceeding smoothly. A closing date for the sale has still not been scheduled.

“We’re making very good and steady progress. Certainly moving in the right direction and we’ll be bringing this to a close shortly,” Shapiro said. “As I’ve said many times, we want to make sure we affirm the findings of Mid-Atlantic through their due diligence and we’re in the process of going through that now. Nothing has changed dramatically and we continue to move forward full steam ahead.”

The work being done to excavate an underground heating-oil tank that failed a tightness test was expected to begin Feb. 27.

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The Montgomery County Commissioners authorized a tax revenue anticipation note Feb. 20 that authorizes short-term borrowing to make up a cash shortfall for February.

The county will borrow $9.75 million at an interest rate of 0.61 percent for a period of two months. County Chief Financial Officer Uri Monson said the interest rate will add an additional $10,000 to the loan, which will be completely paid off by the end of April. The issuance fees for the TRAN will be just more than $31,000.

The county is not borrowing for budgetary issues, but because of a lower cash flow during February that is the result of slow tax revenues and the delay in the sale of the Parkhouse geriatric facility in Upper Providence Township, Monson said.

When the 2014 budget was being put together, the sale of Parkhouse was expected to bring the county revenue through February, which is usually a low cash-flow month, Monson said.

“February represents the narrowest cash balances for the county, as significant tax revenues do not begin coming into the county really until March,” Monson said. “2014 cash-flow projections had anticipated closing the sale of Parkhouse prior to the end of February.”

“This is a cash flow issue and one that will be corrected very shortly,” commissioners Chairman Josh Shapiro said.

In 2013, the county borrowed $30 million and incurred interest of more than $62,000.

In a press briefing after the commissioners meeting, Shapiro said the due diligence process in the sale of Parkhouse is on schedule and proceeding smoothly. A closing date for the sale has still not been scheduled.

“We’re making very good and steady progress. Certainly moving in the right direction and we’ll be bringing this to a close shortly,” Shapiro said. “As I’ve said many times, we want to make sure we affirm the findings of Mid-Atlantic through their due diligence and we’re in the process of going through that now. Nothing has changed dramatically and we continue to move forward full steam ahead.”

The work being done to excavate an underground heating-oil tank that failed a tightness test was expected to begin Feb. 27.

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Easton floats refinancing Canal Museum's debt

Hank and George, the mule tandem who pull the canal boat in Hugh Moore Park, need a little help paying the mortgage.

Easton officials are proposing to refinance the National Canal Museum’s long-term debt in a move to benefit both the city and the museum. Easton would consume the museum’s $550,000 of debt and refinance it at half the interest rate — 3 percent — for five years.

The loan plan will be presented to City Council at its regular meeting Wednesday night.

Topics Museums Finance Binney and Smith See more topics »

Tom Stoneback, the museum’s executive director, said the loan gives the museum some breathing room and allows it some time to complete its reorganization. The museum moved from Two Rivers Landing to the Emrick Center in Hugh Moore Park in January to accommodate the city’s and Crayola‘s wishes to consolidate the Centre Square property under Crayola’s banner.


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Refinancing the museum’s debt, according to Stoneback, will save about $15,000 a year. According to city documents, the museum will pay the city $2,375 a month for five years – after which the balance of the debt is due.

“It will allow the museum to set up a successful business model,” Stoneback said.

Easton Mayor Sal Panto Jr., said the city would tap its reserve fund, which earns less than one percent interest in a bank account. Panto said the proposal allows the city to earn more interest while supporting a worthwhile cause.

“The good news is, the city has an opportunity to help them out,” Panto said.

Glenn Steckman, city administrator, said the city offered to sit down and discuss financial assistance with the museum once it moved from Two Rivers Landing and settled into the Emrick Center. Stoneback said the move cost the museum at least $135,000 a year in revenue.

Panto added that using the city to refinance the debt protects the assets of the museum in case of default. The Emrick Center, the collateral for the $550,000 loan, is built on city property. The city also launched an initiative earlier this year to better maintain and clean up Hugh Moore Park, which hugs the Lehigh River from downtown Easton to Bethlehem Township.

Stoneback said the savings from the refinance will be used to create more programming. He added that the city is offering a considerably lower rate than the museum could get from a commercial bank.

“That money needs to be spent on the kids,” Stoneback said of the museum’s outreach to local schools and educational programs.

Steckman said if City Council approves the refinancing at its regular meeting Wednesday night, the deal should close by the end of the year.

jdmalone@mcall.com

610-820-6530

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