Shall Washtenaw Intermediate School District, Michigan, borrow the sum of not to exceed Fifty-Three Million Two Hundred Ninety-Five Thousand Dollars ($53,295,000) and issue its general obligation unlimited tax bonds therefor for the purpose of:

erecting, furnishing and equipping a new High Point School as an addition to the pool and gymnasium portions of the existing building;
remodeling, equipping and re-equipping and furnishing and refurnishing the pool and gymnasium portions of the existing building;
purchasing and installing information technology systems equipment and software;
and preparing, developing, improving and equipping playgrounds and the site?
The following is for informational purposes only:
The estimated millage that will be levied for the proposed bonds in 2020 is .37 mill ($0.37 on each $1,000 of taxable valuation).
The maximum number of years the bonds may be outstanding, exclusive of any refunding, is ten (10) years.
The estimated simple average annual millage anticipated to be required to retire this bond debt is .37 mill ($0.37 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.)
Updated: 5/14/2019