Residents in the City of South Lyon will vote on the Bond Proposal listed below in the Primary Election on August 2, 2022:
City of South Lyon
August 2nd
Street Improvements Bond Proposal
Shall the City of South Lyon, County of Oakland, Michigan, borrow the principal sum of not to exceed Eighteen Million Four Hundred Sixty-Five Thousand Dollars ($18,465,000), and issue its unlimited tax general obligation bonds, payable in not to exceed ten (10) years, to pay the cost of constructing street improvements throughout the City, consisting of paving, repaving, resurfacing, reconstructing and improving streets? If approved, the estimated millage to be levied in 2023 is 1.9946 mills ($1.99 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the bonds is 4.0894 mills ($4.09 per $1,000 of taxable value).
Remember to vote August 2nd.
Original source can be found here.
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