Shall the City of East Grand Rapids, Kent County, Michigan borrow the principal amount of not to exceed Eight Hundred Thousand Dollars ($800,000) and issue its general obligation unlimited tax bonds for all or a portion of that amount in one or more series payable over not to exceed thirty (30) years from issuance to pay the cost of additional square footage for the proposed Community Center Complex, to be used for library, parks and recreation, administrative and other public purposes, including the costs of site work, site improvements, furnishings, equipment and appurtenances, and to pay capitalized interest and the costs of issuing the bonds, with the first tax levy for repayment levied in July 2004?