Community Center Bond Proposition - Waterford Township

Shall the Charter Township of Waterford, Oakland County, Michigan, borrow a sum of money not to exceed Thirty Million Dollars($30,000,000) and issue its general obligation unlimited tax bonds therefor for the purpose of acquiring, constructing, equipping and furnishing new community center facilities to be located on the charter township campus on Civic Center Drive, and improving the site thereof? The maximum number of years the bonds may be outstanding, exclusive of refunding, is 21 years; the estimated millage that will be levied to pay the proposed bonds in the first year that the levy is authorized is 0.84 mills (which is equal to $0.84 per $1,000 of taxable value of real and tangible personal property in the Charter Township of Waterford); and the estimated simple average annual millage that will be required to retire the bonds is 0.84 mills.