Meridian Township Community and Senior Center Project Bond
MERIDIAN TOWNSHIP COMMUNITY AND SENIOR CENTER PROJECT BONDFor the purposes of paying the cost of constructing a new community and senior center facility, including, but not limited to the cost of acquiring, designing, constructing, furnishing and equipping this, and related improvements, parking and site improvements, shall the Charter Township of Meridian, Ingham County, Michigan, borrow a principal amount not to exceed $19,415,000 and issue its general obligation unlimited tax bonds for all or a portion of that amount in one or more series payable over not to exceed 20 years from the date of issue of each series? Adoption of this proposal is conditioned on adoption of the Township Community and Senior Center Operating millage at this election.The estimated millage to be levied in the first year of the levy is 0.5576 mill ($0.5576 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the bonds over approximately 20 years is 0.5568 mill ($0.5568 per $1,000 of taxable value).
