Orion Township Public Library Improvement Bond Proposal

Shall the Charter Township of Orion, County of Oakland, Michigan, borrow the principal sum of not to exceed Thirteen Million Three Hundred Thousand Dollars ($13,300,000) and issue its general obligation unlimited tax bonds, payable in not to exceed twenty (20) years from the date of issuance, to pay the cost of constructing, furnishing and equipping additions, renovations, and improvements to the Orion Township Public Library facility to support children’s programming and resources, community gathering and learning spaces, technology upgrades and infrastructure, accessibility improvements, and other library facility enhancements and related site improvements? The estimated millage to be levied in 2027 is 0.3116 mill ($0.31 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the bonds is 0.3117 mill ($0.31 per $1,000 of taxable value).