Question 11: Bond Proposal

Shall the City of Riverview, County of Wayne, Michigan, borrow the principal sum of not to exceed Ten Million Dollars ($10,000,000) and issue its general obligation unlimited tax bonds, in one or more series, payable in not to exceed ten (10) years from the date of issue of each series, for the purpose of paying the cost to acquire, construct, furnish and equip road improvements throughout the city, including water main replacements, including interests in land, necessary rights-of-way and appurtenances and attachments thereto? If approved, the estimated millage to be levied in 2027 is 2.5211 mills ($2.5211 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the bonds is 2.5229 mills ($2.5229 per $1,000 of taxable value).