Edit Content

About Mike

Michael Sareini was elected to his first term on the Dearborn City Council in November 2013.


Sareini is a life long resident of Dearborn.  He is the son of the late Tom Sareini, owner of the Village Café previously located for over 25 years on Greenfield Rd at Rotunda Drive, and Suzanne Sareini, retired Dearborn City Council President Pro-Tem who served on the Council for 24 years.


Sareini and his wife Dalal have five children – Toufic, Houssain, Aliah, Suzanne and Hassan.


Sareini graduated from Fordson High School in 1990 and earned his Associate’s Degree from Henry Ford Community College in 1993. Sareini began a career in automotive sales in 1995. Sareini has won countless sales awards, and in 2011 was recognized by Ford Motor Company as Michigan’s #1 ranked volume salesman and #3 ranked salesman in the country.


Sareini was appointed as the sole representative of the state of Michigan in a national Ford Sales Advisory Panel that consisted of only 13 nationally renowned salesmen. Sareini’s recommendation resulted in a direct policy change within Ford Credit, the company’s financing arm.


In 2006, after 14 years out of the classroom, and while working full-time and raising his family, Sareini returned to school to complete his education at the University of Michigan-Dearborn. Sareini graduated in 2009 “With High Distinction,” earning a Bachelor of Arts Degree majoring in Political Science and minoring in Psychology.


Sareini continued pursuing higher education, graduated from Thomas M. Cooley School of Law and has been a general practicing Attorney for 8 years.


Sareini was chosen by the Michigan Attorney General as a transition team guidance member of experts comprising extremely-revered individuals from the government, legal, indigenous, and corporate sectors.  This team was formed to guide a smooth and seamless transition between administrations as the Attorney General-Elect took office, effective January 1, 2019.


Sareini has a long history of participating in Dearborn youth recreation programs, sitting on boards and coaching. Sareini is a supporter of many local charities.

Contact Us

 Bond money needed to fund retiree healthcare in Dearborn

This article is republished from Press & Guide, originally written by Briana Gaskorski and can be found here.

Dearborn city council held a public hearing to discuss their concerns with post-employment healthcare funding for their retirees.

“In January, the original proposal was to bond up to $90 million for post-employment healthcare,” Dearborn Financial Director James O’Connor said. “We came back in the summertime and talked about a $20 million bond issue. That item was withdrawn by the administration and in September we discussed a $45 million bond proposal.”

The bond issues were raised based on the actuarial reports from June 2016.

“Our liability at that time was at $226 million, our assets at $65 million, our unfunded liability at $162 million, and our funding ratio at 28.5 percent,” O’Connor said. “And to get to a 40 percent funding level based on those numbers would require $26 million.”

With the state law, Public Act 202, going into effect, each city is required to have a funding level of 40 percent.

“We came and talked about issuing bonds,” O’Connor said. “We updated the asset number but we didn’t update the liability number so the liability was from 2016 at $226 million while the assets were the current assets on hand at $82 million. This resulted in an unfunded liability of $144 million and a 36 percent funding level. Based on that, with the numbers disjointed from timing, we had an $8.7 million number to get to the 40 percent funding level.”

Councilman Michael Sareini, said retirement funding and health care funding are two separate things.

“They’ve always been funded, we just aren’t funding enough to meet new state requirements,” Sareini said. “We have no issue funding retirement but healthcare is different. We have to fund retirement at 60 percent and healthcare at 40 percent, which we have been funding at 36 percent.”

The bond of $45 million would require payments of a $3.7 million principal balance annually with a 4.49 percent interest rate. This bond option would take 19 years to pay off in full.

“I want to be at the 40 percent compliance,” Council President Susan Dabaja said, “My concern is locking ourselves at the $45 million to get the 48 percent, I mean there is a big difference between $24 million and $45 million. And if we default, there’s a bigger price to pay for us there versus a public act that still hasn’t put any consequences for us as a city.”

Debaja says that even without using the phrase of defaulting, the concern is being locked into this bond for 19 years.

“Forget the default term,” she said. “We’re locking ourselves in at that interest rate and we aren’t coming up with other solutions.”

With the Public Act 202 going into effect, the state offered the bonding option for cities to apply for a bond to help fund healthcare.

“There’s no guarantee that we would be granted that large of a bond,” Sareini said. “We had to issue out a public notice stating that we wanted to apply for a bond of up to $45 million.”

Councilman Robert Abraham says it’s a mix of art and science.

“Things change over time, good and bad,” he said. “You can only use the information and knowledge you have and understand the risks based on what we know today, what we’ve experienced in the past and try to make sound decisions.”

Sareini says he has a concern that this could affect taxpayers at some point.

“If we make a charter amendment, that would go to the residents for a vote,” he said. “This definitely could affect our taxpayers at some point and we need to streamline our services to provide a better and more efficient government.”

Dabaja says that the bond option is inevitable.

“We need to determine if we do the bonding,” she said. “Which I think we are leaning towards the bond, we just need to determine if it will be for the full $45 million.”

Sareini says the bond is inevitable also, but that it’s a just a matter of deciding how much we want to bond for.

“I owe it to the residents to ask these questions,” he said. “The bond is inevitable, but we really need to decide how much we need. We have an obligation to our retirees to ensure that they get what they signed up for.”

The deadline for the bond application is Oct. 26th. The council will be voting on this issue at Tuesday’s meeting held at 7:30 p.m. at the Dearborn Administrative Center, 16901 Michigan Ave.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Vote For Mike Sareini!

    Together we the people achieve more than any single person could ever do alone.

    Get in touch

    © 2021, Sabres Media LLC. All Rights Reserved.

    Designed and Hosted by Sabres Media LLC