MI MC FRUITPORT COMMUNITY SCHOOLS BOND PROPOSAL
Shall Fruitport Community Schools, Muskegon and Ottawa Counties, Michigan, borrow the sum of not toexceed Seventy-Eight Million Five Hundred Thousand Dollars ($78,500,000) and issue its general obligationunlimited tax bonds therefor, in one or more series, for the purpose of:acquiring, erecting, completing and remodeling school buildings, facilities, and additions to school buildings andfacilities; equipping, re-equipping, furnishing and refurnishing school buildings and facilities; acquiring,installing, equipping and re-equipping school buildings for instructional technology; purchasing school buses;and acquiring, preparing, developing, improving and equipping athletic fields, play fields, playgrounds,structures, facilities and sites? The following is for informational purposes only:The estimated millage that will be levied for the proposed bonds in 2026 is 2.26 mills ($2.26 on each $1,000 oftaxable valuation) for a 0.00 mill net increase over the prior year s levy. The maximum number of years thebonds of any series may be outstanding, exclusive of any refunding, is thirty (30) years. The estimated simpleaverage annual millage anticipated to be required to retire this bond debt is 3 .13 mills ($3 .13 on each $1,000of taxable valuation).(Pursuant to State law, expenditure of bond proceeds must be audited and the proceeds cannot be used forrepair or maintenance costs, teacher, administrator or employee salaries, or other operating expenses.)
