OPERATING MILLAGE RENEWAL PROPOSAL EXEMPTING PRINCIPAL RESIDENCE AND QUALIFIED AGRICULTURAL PROPERTY This proposal will allow the school district to continue to levy the statutory rate of 18 mills on all property except principal residence and qualified agricultural property required for the school district to receive its revenue per pupil foundation allowance. Shall the limitation on the amount of taxes which may be assessed against all property. Exempting there from principal residence and qualified agricultural property as defined by law, in Bellevue Community Schools, Eaton, Barry and Calhoun Counties, Michigan, be increased by 18 mills ($18.00 on each $1,000.00 of taxable valuation) for a period of 10 years, 2005 to 2014, inclusive, to provide funds for operation purposes; the estimate of the revenue the school district will collect if the millage is approved and levied in 2005 is approximately $250,254 (this is a renewal of millage which expired with the 2004 tax levy)? YES NO