Shall Forest Hills Public Schools, Kent County, Michigan, borrow the sum of not to exceed Forty-Five Million Dollars ($45,000,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: acquiring, installing and equipping or re-equipping school buildings for educational technology; erecting, furnishing and equipping additions to school buildings; remodeling, furnishing and refurnishing and equipping and re-equipping school buildings; purchasing school buses; erecting, furnishing and equipping school facilities; developing, improving and equipping playgrounds, athletic fields and athletic facilities; and acquiring, preparing, developing and improving sites? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2014 is .38 mill ($0.38 on each $1,000 of taxable valuation). The maximum number of years all series of bonds may be outstanding, exclusive of any refunding, is twenty-two (22) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is .79 mill ($0.79 on each $1,000 of taxable valuation). (Pursuant to State law, expenditure of bond proceeds must be audited, and the proceeds cannot be used for repair or maintenance costs, teacher, administrator or employee salaries, or other operating expenses.)