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HomeMy WebLinkAboutElection Canvasses - 2021.11.02 - 35062-AT THE - ....... . . . . . Oakland County, Michigan Tuesday, November 2, 2021 Election 11/2/2021 Page 120 Bonding Proposal - Brandon School District `o: .. •. i` N u u o >tA v i 14 y ..o ai . ;'. ; Z : ; : per, :,: • ' Precinct y z .,, u.. :' 7`: ::; :o-....:,' ;_ Brandon Township, Precinct 1 256 235 491 1 0 0 0 223 269 492 2,313 21.27% Brandon Township, Precinct 2 322 262 584 1 0 0 0 251 334 585 2,515 23.26% Brandon Township, Precinct 3 185 198 383 0 0 0 0 186 197 383 1,552 24.68% Brandon Township, Precinct 4 265 192 457 2 0 0 0 215 244 459 1,969. 23.31% Brandon Township, Precinct 5 75 31 106 0 0 0 0 54 52 106 1,825 5,81% Brandon Township, Precinct 6 142 117 259 0 0 0 0 164 95 259 1,189 21.78% Groveland Township, Precinct 111 133 244 0 0 0 0 103 141 244 1,162 21,00% 1 Groveland Township, Precinct 249 185 434 1 0 0 0 176 259 435 1,789 24.32% 3 Totals 1,605 1,353. 2,958 5 0 0 0 1,372 1,591 2,963 14,314 20.70% STATEMENT OF VOTES The whole number of votes given for and against the Brandon School District in the Counties of Oakland and Lapeer Bonding Proposal BRANDON SCHOOL DISTRICT Shall Brandon School District in the Counties of Oakland and Lapeer, Oakland and Lapeer Counties, Michigan, borrow the sum of not to exceed Twenty -Six Million One Hundred Thousand Dollars ($26,100,000) and issue its general obligation unlimited tax bonds therefor, in one or more series, for the purpose of: erecting an addition to, remodeling, including security improvements to, furnishing and refurnishing, and equipping and re -equipping school buildings; acquiring and installing instructional technology and instructional technology equipment for school buildings; purchasing school buses; and developing, equipping and improving parking areas, playgrounds, athletic fields and facilities and sites? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2022, under current law, is 0.00 mill ($0.00 on each $1,000 of taxable valuation) for a 0 mill net increase over the prior year's levy. The maximum number of years the bonds of any series may be outstanding, exclusive of any refunding, is twenty (20) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 2.13 mills ($2.13 on each $1,000 of taxable valuation). The school district expects to borrow from the State School Bond Qualification and Loan Program to pay debt service on these bonds. The estimated total principle amount of that borrowing is $7,981,054 and the estimated total interest to be paid thereon is $2,271,650. The estimated duration of the millage levy associated with that borrowing is 11 years and the estimated computed millage rate for such levy is 12.16 mills. The estimated computed millage rate may change based on changes in certain circumstances. The total amount of qualified bonds currently outstanding is $92,975,000. The total amount of qualified loans currently outstanding is $428. (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.) was Three thousand forty-three of which number One thousand six hundred forty-seven votes were marked YES and One thousand three hundred ninety-six votes were marked NO Put figures in this column ��m 1 6 4 7 1 3 ' 6 TOTAL VOTES V3, O 4 31 STATE OF MlCHIGAN ) CERTIFICATE OF DETERMINATION ) SS. COUNTY OF OAKLAND ) The Board of Canvassers of the COUNTY of OAKLAND (COUNTY, CITY, TOWNSHIP OR VILLAGE) (COUNTY, CITY, TOWNSHIP OR VILLAGE) having Ascertained and Canvassed the Votes of said BRANDON SCHOOL DISTRICT (COUNTY, CITY, TOWNSHIP, VILLAGE OR SCHOOL) at the SPECIAL Election, held on the 2ND day of NOVEMBER in the year Two Thousand TWENTY-ONE Do Further Hereby Determine That the following propositions or questions were passed or defeated as indicated below: 1. Bondinq Proposal Having Received Sufficient votes was Passed NAME OF PROPOSITION - CLERK OF BOARD OF CANVASSERS LISA BROWN CERTIFICATE OF DETERMINATION In Witness Whereof, We have hereunto set our hands and affixed the Seal of r the Circuit Court of Oakland County this day of NOVEMBER in the year TWO THOUSAND TWENTY-ONE. ! W it STATEMENT OF VOTES BRANDON SCHOOL DISTRICT IN THE COUNTIES OF OAKLAND AND LAPEER BONDING PROPOSAL ELECTION NOVEMBER 2, 2021 The whole number of votes given for and against the Brandon School District in the Counties of Oakland and Lapeer Bonding Proposal Shall Brandon School District in the Counties of Oakland and Lapeer, Oakland and Lapeer Counties, Michigan, borrow the sum of not to exceed Twenty -Six Million One Hundred Thousand Dollars ($26,100,000) and issue its general obligation unlimited tax bonds therefor, in one or more series, for the purpose of: erecting an addition to, remodeling, including security improvements to, furnishing and refurnishing, and equipping and re -equipping school buildings; acquiring and installing instructional technology and instructional technology equipment for school buildings; purchasing school buses; and developing, equipping and improving parking areas, playgrounds, athletic fields and facilities and sites? The following is for informational purposes only: The estimated millage that will be levied for the proposed bonds in 2022, under current law, is 0.00 mill ($0.00 on each $1,000 of taxable valuation) for a 0 mill net increase over the prior year's levy. The maximum number of years the bonds of any series may be outstanding, exclusive of any refunding, is twenty (20) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 2.13 mills ($2.13 on each $1,000 of taxable valuation). The school district expects to borrow from the State School Bond Qualification and Loan Program to pay debt service on these bonds. The estimated total principal amount of that borrowing is $7,981,054 and the estimated total interest to be paid thereon is $2,271,650. The estimated duration of the millage levy associated with that borrowing is 11 years and the estimated computed millage rate for such levy is 12.16 mills. The estimated computed millage rate may change based on changes in certain circumstances. The total amount of qualified bonds currently outstanding is $92,975,000. The total amount of qualified loans currently outstanding is $428. (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.) was eighty-five of which number forty-two votes were marked YES and forty-three votes were marked NO TOTAL VOTES: 85 42 43 85 STATE OF MICHIGAN COUNTY OF LAPEER CERTIFICATE OF DETERMINATION BRANDON SCHOOL DISTRICT IN THE COUNTIES OF OAKLAND AND LAPEER BONDING PROPOSAL ELECTION NOVEMBER 2, 2021 The Board of Canvassers of the County of Lapeer, having ascertained and canvassed the votes of said BRANDON SCHOOL DISTRICT IN THE COUNTIES OF OAKLAND AND LAPEER BONDING, at the Election, held on the 2nd day of November, two thousand and twenty one. DO FURTHER HEREBY DETERMINE: That the Proposal received votes as stated on the statement of votes from the Lapeer County voters in this school district. Attest: Clerk of the Bkary of Canvassers Theresa M. Spenc IN WITNESS WHEREOF, We have hereunto set our hands and affixed the Seal of the Circuit Court for the County of Lapeer, this 4th day of November, in the year two thousand and twen one. &' Gate C. Crooks Harry D. A rs�n Teresa M. Connolly Ch irm2(n of � arnvassers Greg S. Harper