Shall South Lyon Community Schools, Oakland, Washtenaw and Livingston Counties, Michigan, borrow the sum of not to exceed Ninety Eight Million Seven Hundred Twenty Five Thousand Dollars ($98,725,000) and issue its general obligation unlimited tax bonds therefor, in one or more series, for the purpose of:
- erecting, furnishing and equipping additions to school buildings;
- remodeling, furnishing and refurnishing, equipping and re-equipping school facilities; remodeling for energy efficiency, including lighting, roofing and HVAC upgrades;
- acquiring, installing, equipping and re-equipping school buildings for instructional technology, including classroom technology and student devices;
- purchasing school buses; and
- acquiring, preparing, developing, or improving sites and facilities, including athletic fields, structures, playgrounds, parking lots?

The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2020, under current law, is .38 mills ($.38 on each $1,000 of taxable valuation) for a -0- mills net increase over the prior year’s levy. The maximum number of years the bonds of any series may be outstanding, exclusive of any refunding, is twenty (20) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 1.74 mills ($1.74 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.)