May 8th Bond Proposal Election
On May 8th, 2012 residents of the Bloomfield Hills School District will be asked to vote on a bond proposal which would consolidate the current Lahser and Andover High School campuses into a single, 2/3 new, 1/3 renovated building located on the current Andover campus.
The ballot measure will appear as follows:
Shall Bloomfield Hills Schools, Oakland County, Michigan, borrow the sum of not to exceed Fifty-Eight Million Six Hundred Fifty Thousand Dollars ($58,650,000) and issue its general obligation unlimited tax bonds in one or more series therefor, for the purpose of:
erecting, furnishing and equipping a high school, which will require utilizing, remodeling, refurnishing and re-equipping portions of the existing Andover High School; acquiring and installing educational technology; erecting, furnishing, equipping and improving performing arts facilities and athletic facilities and fields; and preparing, developing and improving sites?
The following is for informational purposes only:
The estimated simple average annual millage anticipated to be required to retire this bond debt is 1.16 mills ($1.16 on each $1,000 of taxable valuation). The estimated millage that will be levied for the proposed bonds in 2014 is .63 mill ($0.63 on each $1,000 of taxable valuation). The maximum number of years the bonds may be outstanding, exclusive of any refunding, is twenty-six (26) years.
(Pursuant to State law, expenditure of bond proceeds must be audited and the proceeds cannot be used for repair or maintenance costs, teacher, administrator or employee salaries, or other operating expenses.)
For more information about the proposal, visit the Bloomfield Hills School District Website.