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Hazel Parks School District’s Two Millage Proposals

Hazel Parks School District’s Two Millage Proposals

(C. Proxmire, Ferndale 115 News, July 31, 2012)

Registered voters of the Hazel Park School District have an opportunity to vote on two proposed millages.  Below is the ballot language for each.  For more Voter Info, check out the City of Ferndale’s official election info page at http://www.ferndale-mi.com/Services/Elections/Overview.htm.  Also see our Voter Info page at http://oaklandcounty115.com/category/voter_info/.

 

School District of the City of Hazel Park
School Improvement Bond Proposition

Shall the School District of the City of Hazel Park, County of Oakland, State of Michigan, borrow the sum of not to exceed Eight Million ($8,000,000) Dollars and issue its general obligation unlimited tax bonds therefor, in one or more series, for the purpose of paying for the cost of the following:

  • Equipping and re-equipping school buildings and other facilities for technology systems and technology equipment;
  • Remodeling, re-equipping and re-furnishing school buildings and other facilities and preparing, developing and improving sites at school buildings and other facilities; and
  • Preparing, developing, improving, remodeling and equipping athletic field sites and erecting athletic field structures and facilities?

The estimated millage that will be levied to pay the proposed bonds in the first year is 0.79 mills ($0.79 per $1,000 of taxable value). The maximum number of years the proposed bonds may be outstanding, exclusive of refunding, is not more than twenty (20) years; and the estimated simple average annual millage that will be required to retire the proposed bonds over twenty (20) years is 2.10 mills annually ($2.10 per $1,000 of taxable value).

(Pursuant to State law, expenditure of bond proceeds must be audited, and the proceeds cannot be used for teacher, administrator or employee salaries, repair or maintenance costs or other operating expenses.)

School District of the City of Hazel Park
Building and Site Sinking Fund Tax Proposition

This proposition, if approved by the electors, will allow the School District of the City of Hazel Park to levy a building and site sinking fund millage, the proceeds of which will be used to make infrastructure improvements and repairs to the School District’s facilities. Pursuant to State Law, the expenditure of the building and site sinking fund millage proceeds must be audited, and the proceeds cannot be used for teacher, administrator or employee salaries, maintenance or other operating expenses.

Shall the School District of the City of Hazel Park, County of Oakland, State of Michigan, be authorized to levy 1 mill ($1.00 per $1,000 of taxable valuation), for a period of five (5) years, from July 1, 2012 through June 30, 2017, to create a building and site sinking fund for the purpose of construction or repair of school buildings or any other purpose authorized under law? This millage would provide estimated revenues to the School District of the City of Hazel Park of approximately Three Hundred Four Thousand Three Hundred Forty ($304,340) Dollars during the 2012 calendar year, if approved and levied.

 

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