Pontiac(MI)Emergency Manager Lou Schimmel resigns, will serve on transition board appointed to city

[alp227]

Source: Oakland Press

After four years, four months and 28 days, Pontiac will no longer have a state-appointed receiver after Monday.

“The governor accepted my resignation letter this morning,” Pontiac Emergency Manager Lou Schimmel said to the Pontiac City Council on Monday afternoon.

Schimmel is the city’s third emergency manager and was appointed by Gov. Rick Snyder in September 2011.

“Lou did a commendable job shepherding the city through a difficult process and addressing its financial crisis while improving services for Pontiac residents,” Snyder said in a statement.


Read more: http://www.theoaklandpress.com/articles/2013/08/19/news/local_news/doc521248e83c887630228074.txt?viewmode=fullstory

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The receivership began during the Jennifer Granholm (D) administration. I wonder why that happened and hope Granholm didn't have crony capitalists around her targeting Pontiac like Snyder has targeting Detroit.

[TruthTeller]

1. Granholm chose a Emergency Financial Manager (FMA). Emergency Managers (EM)

came in 2011 and Schimmel was selected by Snyder. EMs were given greater authority over more than finances.