18. Proposed Bond Issue Akron-Summit County Public Library District (Issue 18 Summit Co./Issue 17 Portage Co.)
A majority affirmative vote is necessary for passage.Shall bonds be issued by the Akron-Summit County Public Library District for the purpose of constructing, adding to, renovating, remodeling, furnishing, equipping and otherwise improving library buildings and facilities, and acquiring, clearing and improving the sites thereof in the principal amount of $160,000,000, to be repaid annually over a maximum period of 20 years, and an annual levy of property taxes be made outside the ten-mill limitation, estimated by the county fiscal officer to average over the repayment period of the bond issue 1 mill for each $1 of taxable value, which amounts to $35 for each $100,000 of the county fiscal officer’s appraised value, commencing in 2025, first due in calendar year 2026, to pay the annual debt charges on the bonds, and to pay debt charges on any notes issued in anticipation of those bonds?
