Nov 5 Ballot: Voters in Waterford to Decide Community Center Bond Proposal
(Oakland County Times, Oct. 4, 2024)
Waterford, MI- Voters in Waterford Township will be voting on a Community Center Bond Proposal in the Nov. 5, 2024 election. Here is the ballot language:
Shall the Charter Township of Waterford, Oakland County, Michigan, borrow the principal amount of money not to exceed Thirty-Six Million Four Hundred Ten Thousand Dollars ($36,410,000) and issue its general obligation unlimited tax bonds therefor in one or more series for the purposes of acquiring, renovating, constructing, furnishing, and equipping a community center, to include without limitation public community facilities, parks and recreational facilities and structures, and additional Township office space, acquiring approximately 51 acres of land for such community center and related facilities, making site improvements, renovating existing facilities at the site of such community center and related facilities, and demolishing existing facilities at the site thereof as necessary or advisable, as well as all other work, equipment, and appurtenances necessary or incidental thereto?
The maximum number of years each series of bonds may be outstanding, exclusive of refunding, is 21 years; the estimated millage that will be levied to pay the proposed bonds in the first year that the levy is authorized is 0.8492 mills ($0.8492 per $1,000 of taxable value of real and tangible personal property in the Township); and the estimated simple average annual millage that will be required to retire the bonds is 0.7587 mills ($0.7587 per $1,000 of taxable value of real and tangible personal property in the Charter Township of Waterford).
Waterford Township has a web page up with more information about the proposal and the community center project. Check it out at https://www.waterfordmi.gov/1412/Community-Center-Bond-Proposal
Several communities have proposals on the ballot. For the full list and more election information visit the Oakland County Clerk’s website. Also visit the Oakland County Times Election Page for candidate interviews and more info.