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Detroit OK's deal to avoid state takeover
April 4, 2012 / 8:50 PM / in 6 years

Detroit OK's deal to avoid state takeover

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.

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

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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