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CANVASSED i,. BOARD OF COUNTY CANVASSERS
OF
OAKLAND COUNTY, MICHIGAN
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Rejected Write-in votes
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PUT FIGURES IN THIS
COLUMN
Shall Goodrich Area Schools, Genesee, Oakland and Lapeer Counties, Michigan, borrow the sum
of not to exceed Sixty -Four Million Dollars ($64,000,000) and issue its general obligation unlimited
tax bonds therefor, in one or more series, for the purpose of:
erecting, furnishing, and equipping additions to Goodrich High School; remodeling, furnishing and
refurnishing, and equipping and re -equipping school buildings and facilities; acquiring, installing,
,quipping and re -equipping school buildings for instructional technology; purchasing school buses;
and preparing, developing, improving, erecting, and equipping athletic fields and facilities,
structures, playgrounds, and sites?
The estimated nni|laoe that will be levied for the proposed bonds in 2026, under current |ovv is .58
mill ($0.58 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)yeom. The estimated simple average annual nni||eQe anticipated to be
required to retire this bond debt ia5.15 mills ($5.15oneach $1'OOOoftaxable va|ueUon).
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
$5'443.697 and the estimated total interest to be paid thereon is $8,770.174. The aatinnabsd
duration of the miUage levy associated with that borrowing is twenty (20) years and the estimated
computed miUagerate for such levy ia7.75mills, The estimated computed miUagerate may change
based onchanges incertain circumstances.
The total amount of qualified bonds currently outstanding is $34,815,000. The total amount of
qualified loans currently outstanding is approximately $5,449,508.
(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
of which number Eleven
votes were marked YES
and Fifteen
votes were marked NO
STATE OF MICHIGAN)
) 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 GOODRICH AREA SCHOOLS
(COUNTY, CITY, TOWNSHIP, VILLAGE OR SCHOOL)
at the SPECIAL Election, held on the 4TH day of NOVEMBER
in the year Two Thousand TWENTY-FIVE
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IS
9
ATTEST:'
In Witness Whereof, We have hereunto set our hands and affixed the Seal of
_•-,-- --- /--? w
the Q, ireb"'it"Court Of Oald nd County this day of NOVEMBER
n the ye HOUS3.TY-FIVE.
X f, CHAIRPERSO� BOARD
0F__
CL ARKOF EBAA?�OF CANVASSERS '-CFfAIRPERSO RD OF CANVASSERS
LISA BROWN