Village of Romeo Street Improvements Bond Proposal
Shall the Village of Romeo, County of Macomb, Michigan, borrow the principal sum of not to exceed Seven Million Five Hundred Thousand Dollars ($7,500,000), and issue its unlimited tax general obligation bonds, payable in not to exceed sixteen (16) years, to pay the cost of acquiring and constructing street improvements in the Village, including curb, gutter, drainage and related improvements?If approved, the estimated millage to be levied in 2027 is 2.2645 mills ($2.26 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the bonds is 2.2634 mills ($2.26 per $1,000 of taxable value).
