Clawson Sidewalk Improvement Bond Proposal
Sidewalk Improvement Bond ProposalShall the City of Clawson, Michigan, borrow the sum of not to exceed Two Million One Hundred Twenty-Five Thousand Dollars ($2,125,000) and issue its general obligation unlimited tax bonds, in one or more series payable in not to exceed ten (10) years from the date of issuance, for the purpose of paying the costs to acquire, construct and improve sidewalks in the City, including all related appurtenances? The estimated millage to be levied in 2018 is 0.28 mills ($0.28 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the bonds is 0.58 mills ($0.58 per $1,000 of taxable value).
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