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Proposal Text
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Proposed Charter Amendment to Allow Elected Officials to Serve as Appointed Committee Members, State of Michigan Statute Permitting Shall Chapter V, Section 5.1 Eligibility for Office, subsection (d) be amended to read(?): (d) No employee shall seek an elective office of the City unless he resigns his position with the City on or before the last date for filing petitions
Shall the White Cloud Community Library, formed by the White Cloud Schools, City of White Cloud, Everett Township and Merrill Township, County of Newaygo, Michigan, borrow the sum of not to exceed Two Million Two Hundred Seventy Five Thousand Dollars ($2,275,000) and issue its general obligation unlimited tax bonds therefore, payable in not to exceed twenty (20) years from date of issuance, for the purpose of paying all or part of the costs of acquiring land, constructing, furnishing and equipping a new library building, and improving the sites therefore? The estimated millage to be levied in 2005 is .99 mill ($.99 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the bonds is .83 mill ($.83 per $1,000 of taxable value).
Shall Holton Public Schools, Muskegon, Oceana and Newaygo Counties, Michigan, borrow the sum of not to exceed Seven Million Six Hundred Forty Thousand Dollars ($7,640,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of: constructing, equipping, developing and improving outdoor physical education/athletic facilities and ball fields; erecting, furnishing and equipping an addition to, and partially remodeling and partially furnishing and equipping the high school; enlarging the gymnasium at the middle school; and developing and improving sites? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2006, under current law, is 2.56 mills ($2.56 on each $1,000 of taxable valuation) for an overall net increase of 1.52 mills ($1.52 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, will not exceed twenty-five (25) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 2.51 mills ($2.51 on each $1,000 of taxable valuation). (Pursuant to State law, expenditure of bond proceeds must be audited, and the proceeds cannot be used for repair or maintenance costs, teacher, administrator or employee salaries, or other operating expenses.)
