On the Ballot: Northville Voters to Consider Street Improvement Bond

On the Ballot: Northville Voters to Consider Street Improvement Bond

Northville, MI – On Nov. 6, 2018 voters in Northville will decide on a bond proposal for street improvements.  Here is the ballot language:

Northville City Street Improvement s Bond Proposal Shall  the  City  of  Northville,  Counties  of  Wayne  and  Oakland,  Michigan,  borrow  the  principal  sum  of  not  to  exceed  Three  Million  Fifty   Thousand Dollars ($3,050,000), and issue its unlimited tax general obligation bonds, in one or more series, payable in not to exceed ten (10)  years from the date of issue, to pay the cost of constructing street improvements throughout the City, consisting of paving, repaving, grading,  resurfacing,  reconstructing  and  improving  streets,  including  curb,  gutter,  sidewalk,  drain age,  land  and  right -of-way  acquisition  and  related  improvements?

If approved, the estimated millage to be levied in 2019 is 0.9787 mills ($0.98 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the bonds is 0.9763 mills ($0.98 per $1,000 of taxable value)

Election Day is Nov. 6, 2018.  Find more information on ballot proposals and candidates at Oakland County Clerk’s website, and Oakland County Times Election Page.

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