Bond Projects
2024 Capital bond millage
The Board of Education voted on May 13, 2024 to authorize placing a Whiteford Agricultural Schools Capital Bond Millage proposals on the August 6, 2024 ballot with a focus on projects based upon the 2022-2027 Strategic Plan. The vote follows a pre-bond planning effort, which included the collection of data and information during the creation of the 2022-2027 Strategic Plan, in-person stakeholder meetings in the fall and winter of 2023, and a Bond project Steering Committee Meeting held in January 2024 that included students, staff, coaches, parents, and community members.
Board Resolution
Ballot Bond Proposals
Bond Proposal Financial Summary FAQs (Baker Tilly Municipal Advisors)
Bond Millage Frequently Asked Questions (FAQ)
*The FAQ will be updated regularly with new information at the end.
Bond Election Informational Flyer #1
Bond Election Informational Flyer #2
HIGHLIGHTS OF THE WHITEFORD AGRICULTURAL SCHOOL CAPITAL BOND MILLAGE PROPOSAL INCLUDE:
- Zero Net Increase Estimated from the Current Levy - Maintain Current 4.93 Mills
- Proposal 1 - $9.6 Million
- Proposal 2 - $400,000
PROPOSAL 1
MAJOR PROPOSED PROJECTS INCLUDE:
- Elementary - Classrooms (4)
- Elementary - Single Stall Bathrooms (2)
- Elementary - Flex Space/Bathroom/Storage
- Elementary - Roof Replacement
- Elementary - Boiler Upgrade/Pump
- Estimated Elementary Upgrades $4.8 Million
- Athletic Fields (Football, Softball, Baseball) - Drainage, Tiles, Irrigation, Playing Surfaces (NO TURF!)
- Athletic Fields (Baseball, Softball) - Switch locations to separate from Football Field
- Athletic Fields (Baseball, Softball) - Dugouts, Press Boxes, Fencing, Backstops, and Bleachers
- Athletic (All Sports) - Bathrooms, Concession, Track Storage
- Estimated Athletic Upgrades $4.1 Million
- Middle/High School Front Parking Lot Extension
- Estimated MS/HS Upgrades $700,000
PROPOSAL 2
MAJOR PROPOSED PROJECTS INCLUDE:
- Athletic Fields (Baseball Infield, Softball) - Synthetic Field Turf
- Estimated Athletic Turf Upgrade $400,000
2024 CAPITAL BOND PROPOSAL 1 ($9.6 MILLION)
PROPOSAL 1
WHITEFORD AGRICULTURAL SCHOOL DISTRICT OF THE COUNTIES OF MONROE AND LENAWEE BOND PROPOSAL
Shall Whiteford Agricultural School District of the Counties of Monroe and Lenawee, Michigan, borrow the sum of not to exceed Nine Million Six Hundred Thousand Dollars ($9,600,000) and issue its general obligation unlimited tax bonds therefor, in one or more series, for the purpose of:
erecting, furnishing, and equipping additions to Whiteford Elementary School; remodeling, furnishing and refurnishing, and equipping and re-equipping Whiteford Elementary School; acquiring, installing, equipping, and re-equipping Whiteford Elementary School for instructional technology; erecting, remodeling, and equipping and re-equipping athletic support buildings and additions to athletic support buildings; and preparing, developing, improving, erecting, and equipping athletic fields and facilities, structures, and sites?
The following is for informational purposes only:
The estimated millage that will be levied for the proposed bonds in 2025 is 1.47 mills ($1.47 on each $1000 of taxable valuation) for a 0 mill net increase over the anticipated 2024 debt levy. The maximum number of years the bonds of any series may be outstanding, exclusive of any refunding, is thirty (30) years. The estimated simple average annual millage anticipated to be required to retire this bond deb is 1.52 mills ($1.52 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 $14,775,000. 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 proceeds cannot be used for repair or maintenance costs, teacher, administrator or employee salaries, or other operating expenses.)
2024 CAPITAL BOND PROPOSAL 2 ($400,000)
PROPOSAL 2
WHITEFORD AGRICULTURAL SCHOOL DISTRICT OF THE COUNTIES OF MONROE AND LENAWEE BOND PROPOSAL
Shall Whiteford Agricultural School District of the Counties of Monroe and Lenawee, Michigan, borrow the sum of not to exceed Four Hundred Thousand Dollars ($400,000) and issue its general obligation unlimited tax bonds therefor, in one or more series, for the purpose of:
preparing, developing, and improving athletic fields, including installing synthetic field turf for the baseball and softball fields?
The following is for informational purposes only:
The estimated millage that will be levied for the proposed bonds in 2025 is 1.47 mills ($1.47 on each $1000 of taxable valuation) for a 0 mill net increase over the anticipated 2024 debt levy. The maximum number of years the bonds of any series may be outstanding, exclusive of any refunding, is two (2) years. The estimated simple average annual millage anticipated to be required to retire this bond deb is 1.01 mills ($1.01 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 $14,775,000. 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 proceeds cannot be used for repair or maintenance costs, teacher, administrator or employee salaries, or other operating expenses.)
2024 CAPITAL BOND ESTIMATED DEBT SERVICE CHART
The following chart was prepared by Baker Tilly Municipal Advisors. If one or both proposals pass, it is a bond millage extension, as it is truly extending the current millage rate out further as illustrated below.
Paid for by: Whiteford Agricultural Schools
6655 Consear Rd., Lambertville, MI 49267
2024 CAPITAL BOND TAXABLE VALUE CHART
The following document was supplied by Baker Tilly Municipal Advisors. This shows the tax difference in the proposed (and current) millage rate of 4.93 and the estimated existing millage of 3.46 if neither bond proposal passed. This shows that for a market value home of $100,000 the monthly difference would be about $6.13. Each property owner’s circumstances would be different, but this is a good baseline assumption. Note: If both Proposals pass, the millage rate is anticipated to be a Zero Net Mill Increase, and it would stay at 4.93.
Paid for by: Whiteford Agricultural Schools
6655 Consear Rd., Lambertville, MI 49267