Shall the Township of Sharon, County of Washtenaw, Michigan, borrow the principal sum of not to exceed Four Million Nine Hundred Thousand Dollars ($4,900,000) and issue its general obligation unlimited tax bonds, in one or more series, payable in not to exceed Twenty (20) years from the date of issuance of each series, for the purpose of paying the cost to acquire, construct, furnish, and equip a broadband provisioning system to provide broadband internet service in the Township, including high-speed fiber optic infrastructure, service lines, and necessary electronic equipment and building improvements, together with necessary interests in land, rights-of-way, appurtenances and attachments thereto?
The estimated millage to be levied in 2018 is 3.2583 mills ($3.2583 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the bonds is 3.2518 mills ($3.2518 per $1,000 of taxable value).