ALLEGAN PUBLIC SCHOOLS SINKING FUND MILLAGE PROPOSAL Shall the limitation on the amount of taxes which may be assessed against all property in Allegan Public Schools, Allegan County, Michigan, be increased by and the board of education be authorized to levy not to exceed 1 mill ($1.00 on each $1,000 of taxable valuation) for a period of 5 years, 2018 to 2022, inclusive, to create a sinking fund for the construction or repair of school buildings, for the purchase of real estate for sites for school property, for school security improvements, for the acquisition or upgrading of technology and all other purposes authorized by law; the estimate of the revenue the school district will collect if the millage is approved and levied in 2018 is approximately $498,127? FENNVILLE PUBLIC SCHOOLS BONDING PROPOSAL Shall Fennville Public Schools, Allegan County, Michigan, borrow the sum of not to exceed Twenty-Three Million Dollars ($23,000,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: erecting, furnishing and equipping additions to school facilities; remodeling, furnishing and refurnishing, and equipping and re-equipping school facilities; acquiring, installing and equipping school facilities with instructional technology; erecting, furnishing and equipping a transportation center facility; constructing and equipping an athletic stadium; and preparing, developing, improving, and equipping athletic facilities, athletic fields, playgrounds, play fields, and sites? The following is for informational purposes only: law, is 3.11 mills ($3.11 on each $1,000 of taxable valuation), for a 2.55 mills net increase over the prior year s levy. The maximum number of years the bonds may be outstanding, exclusive of any refunding, is thirty (30) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 3.05 mills ($3.05 on each $1,000 of taxable valuation).
The school district does not expect to borrow from the State to pay debt service on the bonds. The total amount of qualified bonds currently outstanding is $19,030,000. The total amount of qualified loans currently outstanding is $0. The estimated computed millage rate may change based on changes in certain circumstances. MARTIN PUBLIC SCHOOLS OPERATING MILLAGE RENEWAL PROPOSAL This proposal will allow the school district to continue to levy the statutory rate of not to exceed 18 mills on all property, except principal residence and other property exempted by law, required for the school district to receive its revenue per pupil foundation allowance and renews millage that will expire with the 2017 tax levy. Shall the currently authorized millage rate limitation of 18.6524 mills ($18.6524 on each $1,000 of taxable valuation) on the amount of taxes which may be assessed against all property, except principal residence and other property exempted by law, in Martin Public Schools, Allegan and Barry Counties, Michigan, be renewed for a period of 2 years, 2018 and 2019, to provide funds for operating purposes; the estimate of the revenue the school district will collect if the millage is approved and 18 mills are levied in 2018 is approximately $560,645 (this is a renewal of millage that will expire with the 2017 tax levy)? OTSEGO PUBLIC SCHOOLS BONDING PROPOSAL Shall Otsego Public Schools, Allegan, Kalamazoo and Van Buren Counties, Michigan, borrow the sum of not to exceed Six Million Nine Hundred Sixty Thousand Dollars ($6,960,000) and issue its general obligation unlimited tax bonds therefor, in one or more series, for the purpose of: erecting, furnishing and equipping an early childhood center; preparing, developing, equipping and improving a playground and the early childhood center site; acquiring, installing and equipping school facilities with instructional technology; and furnishing, refurnishing, equipping and reequipping school facilities?
The following is for informational purposes only: law, is 0.94 mill ($0.94 on each $1,000 of taxable valuation) for a -0- mill net increase over the prior year's levy. The maximum number of years the bonds of any series may be outstanding, exclusive of any refunding, is thirty (30) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 0.72 mill ($0.72 on each $1,000 of taxable valuation). The school district expects to borrow from the State School Bond Qualification and Loan Program to pay debt service on these bonds. The estimated total principal amount of that borrowing is $2,572,599 and the estimated total interest to be paid thereon is $6,528,422. The estimated duration of the millage levy associated with that borrowing is 21 years and the estimated computed millage rate for such levy is 7.50 mills. The estimated computed millage rate may change based on changes in certain circumstances. The total amount of qualified bonds currently outstanding is $53,060,000. The total amount of qualified loans currently outstanding is approximately $2,084,465. SAUGATUCK PUBLIC SCHOOLS OPERATING MILLAGE PROPOSAL This proposal will allow the school district to levy the statutory rate of not to exceed 18 mills on all property, except principal residence and other property exempted by law, and its authorized millage rate on all principal residences, qualified agricultural property, qualified forest property, industrial personal property, commercial personal property, and all other taxable property as defined by law, required for the school district to receive its revenue per pupil foundation allowance. Shall the total limitation on the amount of taxes for operating purposes which may be assessed against all property, except principal residence and other property exempted by law, in Saugatuck Public Schools, Allegan County, Michigan, be increased by 20 mills
($20.00 on each $1,000 of taxable valuation), and against all principal residences, qualified agricultural property, qualified forest property, industrial personal property, commercial personal property, and all other taxable property as defined by law by 1.50 mills ($1.50 on each $1,000 of taxable valuation), both millages to be for a period of 3 years, 2017, 2018 and 2019; the estimate of the revenue the school district will collect from the combined property taxes authorized herein if the millage is approved and levied in 2017 is approximately $5,737,075? SAUGATUCK PUBLIC SCHOOLS MILLAGE PROPOSAL TO PROVIDE FUNDS TO OPERATE A SYSTEM OF PUBLIC RECREATION AND PLAYGROUNDS This proposal will allow the school district to continue to levy public recreation millage previously approved by the electors. Shall the limitation on the amount of taxes which may be assessed against all property in Saugatuck Public Schools, Allegan County, Michigan, be increased by and the board of education be authorized to levy not to exceed.25 mill ($0.25 on each $1,000 of taxable valuation) for a period of 2 years, 2018 and 2019, to continue to provide funds for operating a system of public recreation and playgrounds (.2452 mill of the above is a renewal of millage which will expire with the 2017 tax levy, and.0048 mill is a restoration of millage lost as a result of the reduction required by the Michigan Constitution of 1963); the estimate of the revenue the school district will collect for such public recreation program if the millage is approved and levied in 2018 is approximately $143,823? WAYLAND UNION SCHOOL DISTRICT BONDING PROPOSAL Shall Wayland Union School District, Allegan, Barry and Kent Counties, Michigan, borrow the sum of not to exceed Nineteen Million Two Hundred Fifty Thousand Dollars ($19,250,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of:
erecting additions to a middle school building; remodeling, furnishing and refurnishing and equipping and re-equipping school buildings and athletic facilities; acquiring and installing instructional technology and instructional technology equipment for school buildings; and preparing, developing and improving athletic facilities, driveways, parking areas, and sites? The following is for informational purposes only: law, is 0.00 mill ($0.00 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is twenty-five (25) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 1.59 mills ($1.59 on each $1,000 of taxable valuation). The school district expects to borrow from the State School Bond Qualification and Loan Program to pay debt service on these bonds. The estimated total principal amount of that borrowing is $5,876,613 and the estimated total interest to be paid thereon is $3,870,575. The estimated duration of the millage levy associated with that borrowing is 13 years and the estimated computed millage rate for such levy is 8.40 mills. The estimated computed millage rate may change based on changes in certain circumstances. The total amount of qualified bonds currently outstanding is $50,730,000. The total amount of qualified loans currently outstanding is approximately $131,654.