Building authority completes $1.6 million bond sale
West Bloomfield Township Building Authority has completed a $1.6 million tax exempt municipal bond sale. Bond proceeds of the bonds will be used to refund the May 1, 2011, and the May 1, 2012 , maturities of the Building Authority’s 1997 Building Authority Bonds for the West Bloomfield Public Library, dated November 1, 1997, and to pay associated costs of issuance on the bonds. The placement agent was Leonard Capital Markets, a division of Leonard & Company, Michigan’s largest full-service independent brokerage firm. Mike Gresens of Thrun Law Firm in East Lansing served as bond counsel. The average interest rate on the last two payments on the 1997 bonds was 5.92 percent. The average rate on the new bonds is 1.11 percent. The savings to the library on its final two bond payments is more than $50,000.
FutureMidwest digital conference coming up
FutureMidwest is 9 a.m. to 9 p.m. Friday, April 16, and 9 a.m. to 3:30 p.m. Saturday, April 17, at Royal Oak Music Theatre, 318 W. Fourth St. in Royal Oak. FutureMidwest is the fusion of two successful conferences held in Michigan in 2009: the Module Midwest Digital Conference and TechNow. The conference and networking reception aim to educate and inform companies looking to successfully implement digital strategies into their marketing and business plans. Attendees will be provided with practical information and effective use of readily available digital tools that are leading the evolution of Michigan business. Highlights will include a demo pit showcasing new technology developed in Michigan, a nationally recognized keynote speaker and a video montage dedicated to the innovation and technology being developed in Michigan. For more information visit: www. futuremidwest.com.
Zehnder’s of Frankenmuth ranks among top restaurants
Zehnder’s of Frankenmuth, the 1,500-seat family restaurant located in Frankenmuth, was named one of the top-grossing independent restaurants in the country in 2009 by Restaurant & Institutions, a restaurant trade publication. Zehnder’s is ranked 39th in the nation with gross sales of $13,824,875. The restaurant also served nearly 1 million guests, and had the lowest average dinner check amount of $14.06 among all the top- grossing 100 independent restaurants. In addition, Zehnder’s served 983,120 guests which placed them second among the top 100.