Looking to the future of Elk Rapids Schools, the Board of Education is asking the community to consider a bond proposal on Tuesday, November 3, 2020, for district-wide improvements to address identified and ongoing building, facility and site issues.
Bond Proposal Ballot Language
ELK RAPIDS SCHOOLS BONDING PROPOSAL
Shall Elk Rapids Schools, Antrim, Grand Traverse and Kalkaska Counties, Michigan, borrow the sum of not to exceed Forty-Nine Million Nine Hundred Ninety-Five Thousand Dollars ($49,995,000) 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, equipping and re-equipping and furnishing and refurnishing school buildings; acquiring, installing, equipping or re-equipping school buildings for instructional technology; and erecting, preparing, developing, improving and equipping playgrounds, athletic facilities, structures and sites?
The following is for informational purposes only:
The estimated millage that will be levied for the proposed bonds in 2021 is 1.63 mills ($1.63 on each $1,000 of taxable valuation). The maximum number of years the bonds of any series may be outstanding, exclusive of any refunding, is thirty (30) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 1.55 mills ($1.55 on each $1,000 of taxable valuation).
The school district does not expect to borrow from the State to pay debt service on the bonds. The total amount of qualified bonds currently outstanding is $0. The total amount of qualified loans currently outstanding is $0. The estimated computed millage rate may change based on changes in certain circumstances.
(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.)
Property Tax Calculator
Use the following link to see how much the November 3rd Proposed Bond would affect your tax bill.
Bond Proposal Fact Sheet
Bond Proposal Frequently Asked Questions
Did you know that anyone can vote by absentee ballot for any reason. Use this as a convenient option to participate.
Would You Like To Vote Via Abesentee?
To vote via Absentee Ballot:
Complete the form online at https://mvic.sos.state.mi.us/Clerk, print
it and take it to your Township Clerk
Applications must be received by your Township Clerk no later
than the Friday before the election
Do You Have Additional Questions?
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