![]() Court of Appeals for the Sixth Circuit Court case Tawanda Hall, et al v Andrew Meisner (Oakland County Treasurer), et al led to the township attorney recommending the board withhold from purchasing property. Though officials originally planned to buy six properties and wait to see if three other properties did not sell at auction, oral arguments in the U.S. The board declined to purchase property through the tax reverted property process. Money included in the report only represents what Gieleghem directly oversees and not money from the public employee health portfolio police and fire pension portfolio the Downtown Development Authority the Building Authority and senior housing security deposits. The township also has over $39,400 in four certificates of deposit, over $10.8 million across eight treasury bills and over $8.4 million in its fixed income investment portfolio overseen by Robinson Capital Management. Clinton Township has over $52.6 million in cash across four bank accounts and over $28 million in four investment funds. Many of the township’s investment vehicles are based on interest rates, which have recently gone up. “There’s a state law … which says we have to prioritize safety (and) we have to ensure that there’s liquidity - the dollars have to be there when we need them.” ![]() “We are limited on the investment vehicles we can use,” Gieleghem said. CLINTON TOWNSHIP - Clinton Township Treasurer Paul Gieleghem gave the Board of Trustees his quarterly report on the township’s investments as of July 30 at its Monday, Aug.
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