Village of Northport Mill Pond Dam Replacement Millage Proposal

This millage will allow Village of Northport to levy 1.24 mills ($1.24 per $1,000.00) to provide funds for the replacement and reconstruction of Mill Pond Dam and related improvements. Shall the limitation on the amount of taxes which may be imposed on taxable property in the Village of Northport, County of Leelanau, Michigan, be increased by and the Village be authorized to levy a new additional millage in an amount not to exceed 1.24 mills ($1.24 per $1,000 of taxable value) for a period of twenty (20) years, beginning in 2027 and continuing through 2046, inclusive, for the purpose of providing funds for the reconstruction and replacement of the Mill Pond Dam, including all necessary engineering, design, permitting, environmental compliance, reconstruction, replacement, repair, maintenance, financing costs, legal expenses, and all related improvements, costs, and expenses? It is estimated that the levy of 1.24 mills would raise approximately $103,524.00 in the first year the millage is levied (2027).