MARQUETTE AREA PUBLIC SCHOOLS BOND PROPOSAL
Official Ballot Language:Shall Marquette Area Public Schools, Marquette County, Michigan, borrow the sum of not to exceed Fifty-Nine Million Nine Hundred Ninety-Five Thousand Dollars ($59,995,000) and issue its general obligation unlimited tax bonds therefor, in one or more series, for the purpose of: erecting an addition to, and partially remodeling, furnishing and refurnishing, and equipping and re-equipping Bothwell Middle School, including a full remodeling of the second floor, classroom remodeling, remodeling of the locker rooms, band/music rooms, science classroom, CTE/trades rooms, art room, and security and ADA improvements; partially remodeling, furnishing and refurnishing, and equipping and re-equipping Marquette Senior High School, including classroom improvements, remodeling of locker rooms, band/music rooms, CTE/trades rooms, and natatorium, replacing the gymnasium floor, and security and ADA improvements; partially remodeling, furnishing and refurnishing, and equipping and re-equipping Graveraet Elementary School, including classroom remodeling, Kaufmann Auditorium improvements, and ADA improvements; partially remodeling, furnishing and refurnishing, and equipping and re-equipping Sandy Knoll Elementary School, including classroom remodeling, remodeling the art room, and ADA improvements; partially remodeling, furnishing and refurnishing, and equipping and re- equipping Marquette Alternative High School, including classroom remodeling, remodeling to create a science classroom and a meeting area, and ADA improvements; partially remodeling, furnishing and refurnishing, and equipping and re-equipping Cherry Creek Elementary School and Superior Hills Elementary School; partially remodeling the bus garage; acquiring and installing instructional technology and instructional technology equipment for school facilities; erecting a press box/storage structure; partially remodeling the high school athletic complex bleachers, including for safety purposes; and preparing, developing, equipping, and improving playgrounds and sites?The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2026 is 1.55 mills ($1.55 on each $1,000 of taxable valuation), for a 1.55 mills 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-eight (28) years. The estimated simple average annual millage anticipated to be requiredto retire this bond debt is 1.58 mills ($1.58 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.)
