Special Election- Tuesday, November 5th, 2019 Chelsea School District Proposal
NOTICE OF ELECTION TO THE QUALIFIED ELECTORS OF the Township of Freedom:
NOTICE IS HEREBY GIVEN THAT ON
TUESDAY, NOVEMBER 5, 2019
FROM 7:00 A.M. TO 8:00 P.M.
AN ELECTION WILL BE HELD FOR THE PURPOSE OF VOTING ON ONE (1) CHELSEA School district PROPOSAL (SEE BELOW FOR SUMMARY).
If you have any questions regarding your voter registration or the upcoming election, please visit www.michigan.gov/vote or contact the County Clerk’s Office at 734-428-7545 ext. 2.
PRECINCT AND POLLING LOCATION ARE AS FOLLOWS:
1. Township Hall, 11508 Pleasant Lake
All polling locations are accessible to voters with disabilities. The voter assist terminal, Braille and audio instruction are also available in all polling locations. Absentee ballots are available for all elections; registered voters may contact the local clerk to obtain an application for an absent voter ballot.
PLEASE TAKE NOTICE that the residents of Chelsea School District will be voting on the following proposal as presented and listed below:
CHELSEA SCHOOL DISTRICT PROPOSAL
Shall Chelsea School District, Washtenaw and Jackson Counties, Michigan, borrow the sum of not to exceed Eighty-One Million Dollars ($81,000,000) and issue its general obligation unlimited tax bonds therefor, in one or more series, for the purpose of:
erecting, furnishing, and equipping additions to and remodeling, furnishing and refurnishing, and equipping and re-equipping existing school buildings and other facilities; acquiring and installing instructional technology in school buildings; purchasing school buses; and preparing, developing, equipping, and improving playgrounds, athletic fields and facilities, and sites?
The following is for informational purposes only:
The estimated millage that will be levied for the proposed bonds in 2020, under current law, is .60 mill ($0.60 on each $1,000 of taxable valuation) for a -0- mill 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 3.07 mills ($3.07 on each $1,000 of taxable valuation).
The school district expects to borrow from the State School Bond Qualification and Loan Program to pay debt service on these bonds. The estimated total principal amount of that borrowing is $0.00 and the estimated total interest to be paid thereon is $38,182. The estimated duration of the millage levy associated with that borrowing is two (2) years and the estimated computed millage rate for such levy is 7.0 mills. The estimated computed millage rate may change based on changes in certain circumstances.
The total amount of qualified bonds currently outstanding is $23,065,000. The total amount of qualified loans currently outstanding is approximately $3,342,068.
(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.)
Full text of the ballot proposition may be obtained at the administration offices of Chelsea School District, 500 Washington Street, Chelsea, Michigan 48118-119, telephone: (734) 433-2208 or at www.washtenaw.org/elections. A sample ballot may be viewed at mi.gov/vote.