Street Improvements Bond Proposal - Northville City

Shall the City of Northville, Counties of Wayne and Oakland, Michigan, borrow the principal sum of not to exceed Three Million Fifty Thousand Dollars ($3,050,000), and issue its unlimited tax general obligation bonds, in one or more series, payable in not to exceed ten (10) years from the date of issue, to pay the cost of constructing street improvements throughout the City, consisting of paving, repaving, grading, resurfacing, reconstructing and improving streets, including curb, gutter, sidewalk, drainage, land and right-of-way acquisition and related improvements? If approved, the estimated millage to be levied in 2019 is 0.9787 mills ($0.98 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the bonds is 0.9763 mills ($0.98 per $1,000 of taxable value).