Shall the limitation on the amount of taxes which may be assessed against all property within the school district of Lowell Area Schools, Kent and Ionia Counties, Michigan, be increased by and the board of eduction be authorized to levy a new additional millage of not to exceed 1 mill ($1.00 per $1,000 of taxable valuation) to create a sinking fund to be used for the contruction or repair of school buildings, purchase of real estate for sites, and other purposes authoried by law, for a period of seven (7) years, 2014 through 2020, inclusive (estimated to provide revenues of approximately $740,920 in 2014)?