Shall the limitation on the amount of taxes which may be assessed against all property in Kelloggsville Public School District, Kent County, Michigan, be increased by and the board of education be authorized to levy not to exceed 1 mill ($1.00 on each $1,000.00 of taxable valuation) for a period of 5 years, 2005 to 2009, inclusive, to create a sinking fund for the purchase of real estate for sites for, and the construction or repair of, school buildings and all other purposes authorized by law; if approved, the estimate of the revenue the school district will collect the first year of levy, 2005, is approximately $364,820?