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.