Bond Proposal II -- $7,790,000 for High School Performing Arts Center.

Shall Comstock Park Public Schools, Kent County, Michigan, borrow the sum of not to exceed Seven Million Seven Hundred Ninety Thousand Dollars ($7,790,000) and issue its general obligation unlimited tax bonds therefor, in one or more series, for the purpose of: erecting, furnishing and equipping additions to the high school for a multi-purpose performing arts center and auxiliary gymnasium and related remodeling; acquiring, installing and equipping technology for the addition; constructing and improving the high school stadium; and developing and improving the site? The following is for informational purposes only: The estimated millage that will be levied for this bond proposal in 2011, under current law, is .57 mill ($0.57 on each $1,000 of taxable valuation) for a -0- net increase in debt millage. The maximum number of years the bonds may be outstanding, exclusive of any refunding, is thirty (30) years. The estimated simple average annual millage anticipated to be required to retire this bond debt is 1.06 mills ($1.06 on each $1,000 of taxable valuation). If both bond proposals pass, the estimated ne