Detail of the LGC letter. Download copies of documents below.
After letter raising concerns, board outlines plans to improve
By DAVID BORAKS
DavidsonNews.net
State officials say the MI-Connection cable system, owned by the towns of Mooresville and Davidson, has “serious financial problems” and “signs of financial weakness” that could keep it from meeting obligations to creditors, employees and taxpayers. In a letter to the MI-Connection board, the state Local Government Commission (LGC) of the state treasurer’s office says the board must take “corrective action.” Read the full story
