|March 2017 invoice from Dykema, Ann Arbor's bond counsel
Former Ann Arbor City Council Member Stephen Kunselman held up a copy of this document at a candidate forum on July 25, 2017, raising concerns that it includes redactions and accusing the city of hiding something. Kunselman obtained the document from the city through a Freedom of Information Act request. The Ann Arbor News independently obtained a copy from the city.
This is related to the city's pending sale of the Library Lot atop the Library Lane underground parking garage. The city determined in consultation with its bond counsel that up to 196 parking spaces there could be used by the development without affecting the tax-advantaged status of the federal Build America Bonds the city used to build the garage. That's being double checked by the IRS right now.
The Dykema invoice shows 62.7 hours and $18,385 worth of work done between February and March leading up to the council vote to sell the lot to Chicago-based developer Core Spaces, which intends to build a 17-story high-rise. The invoice makes reference to the IRS audit.
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