Bond Projects

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.)

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 Scope Costs

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

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

2023-2024 ENROLLMENT

ELECTION DATE

August 6, 2024

HOW TO REGISTER

Michigan voters are encouraged to register as early as possible before an election. Methods and requirements for voter registration depend on the following deadlines:

Voters can check their voter registration status and look up their local clerk information at: Michigan.gov/Vote. 

DEADLINE TO REGISTER

If there are 15+ days before an election, voters can register online, by mail, or in person.

Within 14 days of an election and on Election Day, voters may register by visiting their local clerk's office to register in person with proof of residency documentation.

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