WAVERLY COMMUNITY SCHOOLS BOND PROPOSALShall Waverly Community Schools, Ingham, Eaton and Clinton Counties, Michigan, borrow the sum of not to exceed Eight Million Twenty Thousand Dollars ($8,020,000) and issue its general obligation unlimited tax bonds therefor for the purpose of:erecting additions to, remodeling, including security improvements to, furnishing and refurnishing, and equipping and re-equipping school buildings; acquiring and installing instructional technology and instructional technology equipment for school buildings; purchasing school buses; and developing, equipping and improving playgrounds, play fields, athletic fields, parking areas and sites?The following is for informational purposes only:The estimated millage that will be levied for the proposed bonds in 2026 is 0.26 mill ($0.26 on each $1,000 of taxable valuation) for an anticipated 0 mill net increase over the prior year’s levy. The maximum number of years the bonds may be outstanding, exclusive of any refunding, is fifteen (15) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 0.63 mill ($0.63 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.)