Detroit OK's deal to avoid state takeover

DETROIT Wed Apr 4, 2012 7:35pm EDT

Downtown Detroit is seen along Woodward Ave in Detroit, Michigan April 2, 2012. REUTERS/Rebecca Cook

Downtown Detroit is seen along Woodward Ave in Detroit, Michigan April 2, 2012.

Credit: Reuters/Rebecca Cook

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DETROIT (Reuters) - Detroit's city council on Wednesday approved 5 to 4 a consent agreement that would avoid the city's takeover by the state of Michigan due to its sagging finances.

A review team appointed by Michigan Governor Rick Snyder in December had also approved the deal earlier Wednesday.

Both the review team and the city council took the action ahead of a Thursday deadline for sending recommendations to the governor and after a state appeals court lifted a temporary restraining order that had stopped the team from meeting.

(Reporting by Bernie Woodall; Editing by Phil Berlowitz)

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