Grandville Public Schools -- Building and Site Sinking Fund Tax Levy

This proposal is a partial renewal of millage for building and site sinking fund purposes which will expire with the 2006 tax year. Shall the limitation on the amount of taxes which may be assessed against all property in Grandville Public Schools, Kent and Ottawa Counties, Michigan, for sinking fund purposes of 1.463 mills which will expire with the 2006 tax year, be partially renewed by and the board of education be authorized to levy not to exceed 1.4 mills ($1.40 on each $1,000.00 of taxable valuation) for a period of 10 years, 2007 to 2016, inclusive, to continue to provide for 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, 2007, is approximately, $2,017,955?