This is the language that you will find on the ballot Tuesday for the bond proposal. This information was pulled directly from the ballot that can be found on Ottawa Countys website for the various elections. CAPITAL IMPROVEMENT PROGRAM BOND PROPOSITION Shall the Charter Township of Georgetown, Ottawa County, Michigan, borrow an amount not to exceed Nineteen Million Dollars ($19,000,000) and issue its general obligation unlimited tax bonds in one or more series for the purpose of funding its long-term capital improvement program and paying all or part of the costs of: - acquiring, constructing, furnishing and equipping a new municipal complex in the Township that will contain a new senior citizens/community center, a new library and new administrative offices and improving the site therefor; and - acquiring and constructing improvements to Township parks? The maximum number of years each series of bonds may be outstanding, exclusive of refunding, is 20 years; the estimated millage that will be levied to pay the proposed bonds in the first year that the levy is authorized is 0.83 mills (which is equal to $0.83 per $1,000 of taxable value of real and personal property in the Township); and the estimated simple average annual millage that will be required to retire the bonds is 0.83 mills.
Posted on: Sun, 03 Aug 2014 13:01:23 +0000
Trending Topics
Recently Viewed Topics
© 2015