CPS Bond 2020
Charlotte Public Schools Community,
Thank you for your overwhelming support of our Students, Staff, and our District through your passage of the November 2020 Bond Proposal! This bond asked for 36 million dollars, with a zero percentage increase to your annual tax rate, and we want to let you know our gratitude to the community for putting education first!
Thank you, our CPS community, for seeing our needs, and supporting our district! This Bond will allow for improvements that help our students, staff, and our community. By prioritizing the education of our students, you have shown dedication to improving our future, and this benefits everyone in our area!
Now that the bond has passed, the detailed design of the projects has begun. Planning and design will take most of 2021, with involvement by school personnel and individual project stakeholder groups. We are tentatively planning some projects to begin Spring 2021, with work likely continuing through the middle of the year of 2024. Please check back here to see project updates.
Again, thank you for your support! I am so proud to be a part of Charlotte Public Schools, thank you for your support of our children, our schools, and our community!
Go Orioles! Oriole Pride!
Our Kids, Our Community, Our Future
Dr. Mandy Stewart, CPS Superintendent
BOND BID PACKAGES
Information on all current bond bid packages can be found on our public bids page.
PROJECT UPDATES
Promises Made. Promises Kept October 2023
September 2023 Construction Update
August 2023 Construction Update
April 2023 Construction Update
March 2023 Construction Update
February 2023 Construction Update
January 2023 Construction Update
November 2022 Construction Update
October 2022 Construction Update
September 2022 Construction Update
August 2022 Construction Update
April 2022 Construction Update
March 2022 Construction Update
February 2022 Construction Update
Updated Phase 2 Project Timeline - January 2022
January 2022 Construction Update
December 2021 Construction Update
September 2021 Construction Update
Groundbreaking Ceremony: Agricultural Learning Center
Groundbreaking Ceremony: Tennis/Pickleball Court
Tentative Project Timeline - Updated March 2021
Draft Tennis Court/Concession Site Plan: Updated March 2021
Agricultural Learning Center Design Plan
District Wide Highlights
BOND OVERVIEW PRESENTATION
District Wide Overview-Postcard
district wide overview-poster
Ballot language break down
Bond Spending By Category
Bond Spending By Building
Change in Millage Rate
Millage Rate Comparison With Other Local Districts
Bond Spending By Project Cost
Galewood Early Elementary School
What's Happening At Galewood Early Elementary School?
- New (7) classroom addition
- New safe and secure entry and welcome center
- Classroom/Instructional technology upgrades
- ADA upgrades to allow access to all building levels
- Renovate classrooms including new lighting, flooring, finishes, casework, and marker boards
- Expanded parking and auto/bus loops for safety
- Replacement of classroom furniture to improve adaptability
- Limited HVAC improvements
- Additional interior and exterior cameras
- Site lighting to improve safety
- Emergency generator
- Asphalt and concrete upgrades
- Window replacement
Parkview Elementary School
What's Happening At Parkview Elementary?
- Classroom/Instructional technology Upgrades
- Replacement of classroom furniture to improve adaptability
- New media center furniture to allow flexibility
- Elimination of portables for safety, instructional, and accessibility purposes
- HVAC improvements
- Additional interior and exterior cameras
- Site lighting to improve safety
- Curbed island to improve traffic flow and safety
- Playground fencing to improve safety
- Asphalt and concrete upgrades
WASHINGTON ELEMENTARY SCHOOL
What's Happening At Washington Elementary?
- Elimination of portables for safety, instructional and accessibility purposes
- New (5) classroom addition
- Classroom/Instructional technology upgrades
- Replacement of classroom furniture to improve adaptability
- New media center furniture to allow flexibility
- HVAC improvements
- Additional interior and exterior cameras
- Site lighting to improve safety
- Asphalt and concrete upgrades
- Playground fencing to improve safety
WEYMOUTH CHILD DEVELOPMENT CENTER
What's Happening At Weymouth Child Development Center?
- Improve safety and security at existing entry
- Kitchen expansion and upgrades
- Enhanced safe and accessible playground equipment
- Limited HVAC improvements
- Asphalt and concrete upgrades
Middle School/Upper Elementary School
What's Happening At Your School?
- Classroom/Instructional technology upgrades
- Additional interior and exterior cameras
- Limited HVAC improvements
- Aquatics de-humidification unit to improve air quality
- Additional interior and exterior cameras
- Site lighting to improve parking area safety
- Asphalt and concrete upgrades
- Enhanced safe and accessible playground equipment
CHARLOTTE HIGH SCHOOL
What's Happening At The High School?
- Classroom/Instructional technology upgrades
- Updated agricultural classrooms
- New Agricultural Learning Center, including site work and equipment
- New band instruments
- Replacement of classroom furniture to improve adaptability
- New flexible media center furniture
- CPAC smoke detector, stage curtain, and stage flooring replacement
- HVAC improvements
- Fire alarm replacement
- Asphalt and concrete upgrades
- Additional interior and exterior cameras
- Site lighting to improve safety
- Roof replacement
- Dome window replacement with insulated panels
- Elevator replacement
- Operable press box windows
- New (8) tennis/pickle ball courts, including parking, site lighting, and bleachers
- New restrooms and concessions building located near baseball/softball fields
- New auxiliary gym, including 1 full size court and activity room
Frequently Asked Questions
HISTORY AND FEATURES
What school issue is on the November 3, 2020 ballot?
On November 3, 2020, voters in Charlotte Public Schools will be asked to consider a bond proposal to implement improvements at our district buildings and sites. This program focuses on upgrades to address health, safety, security, energy savings, technology, and accessibility issues within our facility, as well as address program upgrades to support current educational offerings. The bond program is an estimated ZERO INCREASE to the current annual debt millage rate. Taxpayers currently invest 7.59 mills annually in Charlotte Public Schools and, upon passage of the bond, their investment will remain at 7.59 mills. The total cost of this bond proposal is $36,000,000.
How was this plan developed?
- In the winter of 2020, Granger Construction and TMP Architecture updated the district’s Facilities Assessment and Program Needs Reports to verify already identified facility infrastructure deficiencies, and to document any additional findings.
- TMP Architecture conducted programming sessions with CPS staff to understand and document program needs across all grade levels.
- After the ballot proposal was defeated in May 2019, the District reconvened with Bond Steering Committee members and the Board to discuss next steps. The District surveyed residents and incorporated feedback into a new program that was presented to the Board in April 2020 and approved.
- The Board of Education unanimously supported moving forward with a November 3, 2020 bond election in the amount of $36,000,000.
What are the Highlights of Bond 2020?
- Zero Increase to the Current Tax Rate
- Safety and Security Upgrades
- Operational Efficiency and Infrastructure Upgrades
- Improvements to Learning Spaces District-Wide
- Educational Program Enhancements
Over 80% of the bond dollars are allocated to improvements to instructional spaces, impacting students and staff on a daily basis. 18% is allocated to extra-curricular activity spaces and 2% for upgrades to the service center and new buses.
What are the specific features of the bond proposal at each of our schools?
Charlotte High School Features
- Classroom/instructional technology upgrades
- Updated agricultural classrooms
- New Agricultural Learning Center, including site work and equipment
- New band Instruments
- Replacement of classroom furniture to improve adaptability
- New flexible media center furniture
- CPAC smoke detector, stage curtain, and stage flooring replacement
- Limited HVAC improvements
- Fire alarm replacement
- Asphalt and concrete upgrades
- Additional interior and exterior cameras
- Site lighting to improve safety
- Roof replacement
- Dome window replacement with insulated panels
- Elevator replacement
Athletics
- Operable press box windows
- New (8) tennis/pickle ball courts, including parking, site lighting, and bleachers
- New restrooms and concessions building located near baseball/softball fields
- New Auxiliary Gym, including 1 full-size court and Activity Room for indoor practices
Charlotte Middle School/Upper Elementary School Features
- Classroom/instructional technology upgrades
- Additional interior and exterior cameras
- Limited HVAC improvements
- Aquatics de-humidification unit to improve air quality
- Additional interior and exterior cameras
- Site lighting to improve parking area safety
- Asphalt and concrete upgrades
- Enhanced safe and accessible playground equipment
- Remodel Aquatic Center pool tanks and decks
Parkview Elementary School Features
- Classroom/instructional technology upgrades
- Replacement of classroom furniture to improve adaptability
- New media center furniture to allow flexibility
- Elimination of portables for safety, instructional, and accessibility purposes
- Limited HVAC improvements
- Additional interior and exterior cameras
- Site lighting to improve safety
- Curbed island to improve traffic flow and safety
- Playground fencing to improve safety
- Asphalt and concrete upgrades
Washington Elementary School Features
- Elimination of portables for safety, instructional and accessibility purposes
- New (5) classroom addition
- Classroom/instructional technology upgrades
- Replacement of classroom furniture to improve adaptability
- New media center furniture to allow flexibility
- Limited HVAC improvements
- Additional interior and exterior cameras
- Site lighting to improve safety
- Asphalt and concrete upgrades
- Playground fencing to improve safety
Galewood Early Elementary School Features
- New (7) classroom addition
- New safe and secure entry and welcome center
- Classroom/instructional technology upgrades
- ADA upgrades to allow access to all building levels
- Renovate classrooms including new lighting, flooring, finishes, casework, and marker boards
- Expanded parking and auto/bus loops for safety
- Replacement of classroom furniture to improve adaptability
- Limited HVAC improvements
- Additional interior and exterior cameras
- Site lighting to improve safety
- Emergency generator
- Asphalt and concrete upgrades
- Window replacement
Weymouth Child Development Center Features
- Improve safety and security at existing entry
- Kitchen expansion and upgrades
- Enhanced safe and accessible playground equipment
- Limited HVAC improvements
- Asphalt and concrete upgrades
Service Center Features
- Site lighting to improve safety
- Emergency generator
- New buses
- Parking lot improvements
How would Bond 2020 impact our learning environments for teachers and students?
The heating and ventilation improvements, including air conditioning and climate control, and the new adaptable classroom furnishings, would provide a more comfortable and healthy learning environment for the students and for our teachers. Research has shown that with proper environmental conditions, student focus and attention increase.
If parents rent/purchase instruments, why does the school need to purchase them too?
The school district purchases a variety of specialized instruments that would be too costly or large for individual families to do on their own. An example might be the drum line or a large tuba.
How would the new Agricultural Learning Center enhance programming for students?
The new Agricultural Learning Center would enhance programming for students in a multitude of ways, including the following:
- Allows more students to have SAE (Supervised Agricultural Experience) projects. This in turn allows more students to earn their FFA State Degree and be eligible for Michigan State University (MSU) credits.
- Expansion of the Agricultural programming to the Middle School, increasing the student use of the center.
- Enhances the learning of 8+ sections of 25-30 students for animal, plant, and other courses. This will happen on an annual basis for the next 30+ years.
- Greater flexibility with live animal projects that allows students to make connections between content and real world applications.
- Increases student accountability and safety advantages, and students won’t have to reenter the school unattended to use the restroom.
- Allows more opportunities for community-related activities, such as elementary AG day, showmanship workshops, and other things to benefit community agriculture.
How would an additional gymnasium impact Charlotte Public School’s program?
The district currently has one gymnasium and a multipurpose room at the high school for P.E./Health instruction and athletic practices. An additional gymnasium and activity space not only supports instructional flexibility, but enhances practice space after hours. Due to current scheduling conflicts, athletic teams are forced to hold practices before and after school, with many practices as early as 6:30 a.m. or as late as 9:00 p.m. Furthermore, we are unable to hold cheer competitions or expanded events. An additional gymnasium would ease practice overload, allowing multiple practices to occur during the same time frame and end at a reasonable time. In addition to expanding the number of sports we can host, teams would have the ability to use the facilities for practices without conflicting with athletic events. Charlotte Public Schools would be able to host games while continuing with scheduled practices. Athletic travel expenses would be reduced with the option to host multiple games simultaneously. As another added benefit, Charlotte Public Schools would qualify to host MHSAA regional and quarterfinal events. As part of the gymnasium addition, the activity room would allow for other sports practices including wrestling, cheer, as well as others.
Given we just addressed upgrades in our 2010 proposal, why do we have these needs today?
It is the responsibility of the district to evaluate and maintain district assets. Therefore, we conduct an audit of all facilities every 10 years. This audit is then presented to the Board of Education. The Board, as the elected body representing the community, thoroughly evaluates the findings and then is tasked with identifying the financial needs represented in the audit.
There are critical needs that would be addressed in the current proposed bond. These needs require attention. In addition, the Bond Steering Committee has also identified additional needs which would add value to the district for our students.
Our district, like all districts, must maintain our facilities and provide appropriate resources for our students. The November 3, 2020 proposed bond reflects the needs that have arisen since the 2010 proposal, which include critical infrastructure improvements.
Were all items in the last bond proposal in 2010 completed and delivered?
Yes.
What are the benefits of the bond proposal for residents who don’t have students in the District?
There are a number of benefits for residents without school-aged children. Charlotte school facilities and sites are regularly used by community members who do not have school-aged children. The District takes pride in its role as an important community resource and partner. The value and vitality of a community rests on the quality and marketability of its schools – in other words, great schools keep home values up. It is in the community’s best interest to protect its investments and to attract families and businesses to Charlotte.
Why is this bond proposal important for Charlotte Public Schools?
In order to protect the community’s past investment in our school district, the bond program, if approved, would provide facility improvements that support teaching and learning, improve safety and security, and upgrade operational efficiencies including heating and electrical. It is the intent of the District and the Board of Education to maintain quality programs and facilities in order to attract and retain students. Upgrades identified in this program would enhance the District’s Agricultural Sciences program, in addition to transforming classrooms throughout the district in response to current technology and teaching methods.
Why is it important to attract and retain students in the District?
Public schools in Michigan receive all of their funding from the State on a per-pupil basis. Simply put, the more students that we have, the more programs and classes we can offer. Since parents have choices regarding where their children go to school, we need to make Charlotte Public Schools as attractive as possible to prospective homebuyers. The condition of our facilities is a major factor in attracting students to our District.
Is there a project timeline?
The following dates provide a preliminary estimate of the anticipated timeline and will be determined based on several factors including things such as: market conditions, student impact, weather, product availability and school calendar. Dates and project order are subject to change.
Vote: November 3, 2020
Design/Pre-con: November 2020 – June 2021
Phase 1:
- Galewood and Washington Additions:
- Bid/Award/Procurement: July – August 2021
- Galewood addition and improvements:
September 2021 – August 2022 - Washington addition: September 2021 – August 2022
- Removal of portables at Parkview and Washington: Summer 2022
- FFA
- Bid/Award/Procurement: July 2021 – August 2021
- Construction: September 2021 – February 2022
- Washington and Parkview Improvements
- Bid/Award/Procurement: July 2021 – May 2022
- Construction: June 2022 – August 2022
Phase 2: Documents Ready December 2021
- HS Improvements
- Bid/Award/Procurement: January 2022 – February 2022
- MEP/Site Renovation: June 2022 – August 2022
- Athletics Construction: March 2022 – August 2022
- Addition Construction: March 2022 – February 2023
- MS/CUE Improvements
- Bid/Review/Award: January 2022 – February 2022
- Renovations/Sitework: May 2022 – August 2022
If the bond proposal is approved, what are the next steps?
If approved by the voters on November 3rd, detailed design of the projects would begin following Election Day. Planning and design would take place during an eight-month to one-year period following the bond vote, with involvement by school personnel and the planning committee. We would expect to start some level of construction in April 2021 with work likely continuing through the middle of the year of 2023.
Will special emphasis be placed on hiring local contractors for the projects included within the proposal?
Yes. Granger Construction, our Construction Manager, will make every effort to encourage and recruit local contractors and suppliers to bid and be part of the construction process. Granger will only manage and guide the project. They will not perform any of the work.
What is the plan to keep facility improvement disruptions to a minimum?
Work at our school buildings would be scheduled in a way that would limit interference with day-to-day operations or community safety. The majority of construction work would be completed during the summer months. When ongoing work occurs during school days, there would be a clear separation between construction and school operations. Safety is paramount and would be the key factor in determining the construction sequencing.
If so many students are currently virtual and not in person, why do we need these improvements?
The current pandemic learning plan is temporary. Even during this time, we have over 60% of our students that are attending school in person and many of our virtual students are using our facilities and programs after the end of the school day. Our bond proposal addresses both short term and long term needs that will be required to support our students well into the future after the pandemic has ended.
FINANCIAL AND ELECTION INFORMATION
What is the estimated cost of the proposed bond program?
The bond proposal is $36,000,000. This chart includes estimated bond project costs at each district building.
Will passage raise our taxes?
No. Estimated ZERO INCREASE to the current annual debt millage rate. Taxpayers currently invest 7.59 mills annually in Charlotte Public Schools and, upon passage of the bond, their investment will remain at 7.59 mills. The final payment of our current bonded debt is scheduled for 2040 and the passage of this millage request would extend the bond repayment period to 2050.
Please explain what bond program money can cover and what it cannot.
Bond proceeds can be used for the following items:
- Construction and remodeling of facilities
- Purchase of technology equipment
- Equipment and furniture
- Site improvements
- Bus purchases
Bond proceeds cannot be used for the following items:
- Salaries and wages
- General operating expenses and maintenance
- Classroom supplies and textbooks
How are neighboring districts addressing the aging condition of their school buildings?
Neighboring districts have experienced the same issue of aging buildings and outdated technology. Bond programs have been approved and implemented in many surrounding districts and new facilities, as well as improvements, are being constructed to improve their aging facilities. Charlotte Public Schools ranks 7th lowest out of 10 regional schools when comparing total debt and sinking fund millage tax rate. If the proposed bond issue passes, CPS would remain in that spot.
What is the difference between a Bond and a Sinking Fund Millage?
Due to the significant scope recommended, CPS’s board voted unanimously to present area voters a Bond Millage Proposal on November 3, 2020.
- A Bond is a lump-sum dollar amount a school district borrows, through the sale of bonds, to fund major capital projects such as construction, infrastructure, security and technology updates, site improvements and the purchase of new buses, equipment, and furnishings. Bond authorization includes the payment of interest and fees and bonds are repaid over a longer time period (up to 30 years). In most instances, the total bond amount is made available up-front, allowing a district to immediately fund and deliver critical projects; usually within two to four years.
- A Sinking Fund is a limited yearly property tax, paid over a shorter time period than a bond (10 years or less), that a school district uses to fund repairs and replacements that do not exceed the annual amount generated. Because it is a pay-as-you-go funding approach, a sinking fund does not involve incurring debt or interest fees.
Neither bond nor sinking fund dollars can be used for operating expenses, salaries, or routine maintenance items and both require local voter approval.
Will this add additional operational costs to the District?
Yes. The District has estimated the additional operational costs associated with the added square footage and HVAC improvements at $27,146. The District has also taken into account the estimated annual cost savings associated with energy efficiencies gained by updating HVAC controls and eliminating very costly portable classrooms.
What happened with the Owens-Brockway funds?
Charlotte Public Schools received $1.32 million from the City of Charlotte as part of a judgment against Owens-Brockway in 2015. The CPS Board of Education used $489,000 to pay down existing debt and another $833,000 was used for a variety of facility and program improvements between 2015 and 2017. The projects included safety enhancements, urgent facility repairs, and enhancements to student programs. Here is the update that was shared with Charlotte City Council.
What did the ESSER (CARES) funds get spent on?
The Elementary and Secondary School Emergency Relief (ESSER) Funds was part of the USED federal funds used to address the immediate needs related to the COVID-19 pandemic. Allowable uses included pandemic preparedness and response efforts related to staff training, virtual instruction, pandemic spread prevention, and other related efforts. Our district was approved for $290,003 which was used for items such as: Infrared Thermometers, ATP Meter, Face Masks, Instant Foam Hand Sanitizer, Ionizer Air Purification Adapters, Sanitizer Stands, Sanitizer Dispenser Units, Electrostatic Disinfectant Sprayers, Disinfectant Spray, Securly Student Content Monitoring System, Summer Learning Programs, and Social Emotional Learning (SEL) Curriculum. We also supported St. Mary School with the purchase of similar sanitization items and Chromebooks.
What is the playground and recreation millage used for?
The currently authorized millage rate of 0.5 mill was renewed for a period of 6 years, 2017 to 2022, inclusive, for the purpose of providing funds for operating a system of public recreation and playgrounds. These funds are used to help establish a dependable and secure source of funding for operating the Charlotte Aquatic Center for community use; to keep youth active by maintaining youth ball league activities; to increase ball field and gym use by holding reduced rental rates for these facilities; to allow for the addition of more youth recreational opportunities; and to provide for long term facility repairs related specifically to recreation.
Can I deduct these property taxes on my income tax return?
Property taxes may be deductible as itemized deductions on your federal income tax return if you itemize. You may also be eligible for the Michigan Homestead Property Tax Credit on your Michigan income tax return. Please consult with your tax preparer.
Could money from the bond program be used to pay for salaries and benefits?
No, it is against state law. Bond dollars cannot be used for operation expenses such as employee salaries, repairs, maintenance, or energy costs. Bond program funds must be accounted for separately from general operating funds.
Are we still paying for the operation of the old Junior High and that swimming pool?
No. That building was sold and is no longer owned or operated by the school district.
Election Day is Tuesday, November 3, 2020.
What are the key dates leading up to the November 3rd vote?
Voter registration procedures have changed since the last election.
October 20, 2020 – Last day to register in any manner other than in person with the local clerk for the May election.
October 30, 2020 up to 5 p.m. – Deadline for electors to obtain an absent voter ballot via First Class mail.
November 3, 2020 up to 4 p.m. – Deadline for voters to obtain an absent voter ballot in person in clerk’s office.
November 3, 2020 up to 8 p.m. – Election Day registrants may obtain and vote an absent voter ballot in person in the clerk’s office or vote in person in the proper precinct.
If I cannot make it to the polls on November 3, 2020 what are my options for absentee voting?
Due to the recent COVID-19 pandemic, all registered voters received an absentee application for the August 2020 and November 2020 elections. If a registered voter did not respond to that and would like to vote by absentee, the deadline to request an absentee ballot via First Class Mail is Friday, October 30, at 5 p.m., and voters may also obtain an absent voter ballot in person in the clerk’s office up to 4 p.m. on Tuesday, November 3. The deadline to return a completed absentee ballot is Tuesday, November 3, at 8 p.m.
If you did not receive your absentee application they are available:
- On-line at www.michigan.gov/vote
- In your school building offices
- At your City Clerk’s office
Note: Once election ballots are available in the clerk’s office, you can walk into your clerk’s office, receive an absentee application, fill it out, and immediately be given your ballot to cast your vote.
Where do I vote?
Voting Precincts and Clerks in the Charlotte Public School District are listed below.
BENTON TOWNSHIP
Precinct 1 : Township Hall, 5136 Windsor Hwy, Potterville 48876
CARMEL TOWNSHIP
Precinct 1: Township Hall, 661 Beech Hwy, Charlotte 48813
CHESTER TOWNSHIP
Precinct 1: Township Hall, 4785 Mulliken Rd, Charlotte 48813
EATON TOWNSHIP
Precinct 1: Township Hall, 3981 E Clinton Trl, Charlotte 48813 Corner of M-50 & Perkey Rd
Precinct 2: Township Hall, 3981 E Clinton Trl, Charlotte 48813 Corner of M-50 & Perkey Rd
EATON RAPIDS TOWNSHIP
Precinct 1: Fire Dept, 2029 S Michigan Rd, Eaton Rapids 48827 1 mile north Eaton Rapids
Precinct 2: Fire Dept, 2029 S Michigan Rd, Eaton Rapids 48827 1 mile north Eaton Rapids
KALAMO TOWNSHIP
Precinct 1: Township Hall, 8960 Spore Hwy, Vermontville 49096
ONEIDA TOWNSHIP
Precinct 1: Township Hall, 11041 Oneida Rd, Grand Ledge 48837 Corner St. Joseph and Oneida
Precinct 2: Township Hall, 11041 Oneida Rd, Grand Ledge 48837 Corner St. Joseph and Oneida
ROXAND TOWNSHIP
Precinct 1: Township Hall, 100 Ionia St, Mulliken 48861
WINDSOR TOWNSHIP
Precinct 1: First Presbyterian Church, 162 N Bridge St, Dimondale 48821
Precinct 2: Emergency Services Bldg, 300 W Jefferson, Dimondale 48821
Precinct 3: Dimondale Elementary School, Oak St Entrance 300 Oak St, Dimondale 48821
CITY OF CHARLOTTE
District 1, Prec. 1: City Hall, Community Room (downstairs), 111 E Lawrence Ave, Charlotte 48813
District 1, Prec. 2: City Hall, Council Chambers, 111 E Lawrence Ave, Charlotte 48813
District 2, Prec. 1: Discovery Fellowship Church, 757 Cherry St, Charlotte 48813
District 2, Prec. 2: West Side (New) Fire Station, 911 W Shepherd St, Charlotte 48813
How will the bond proposal appear on the ballot?
BONDING PROPOSAL
Shall Charlotte Public Schools, Eaton County, Michigan, borrow the sum of not to exceed Thirty-Six Million Dollars ($36,000,000) and issue its general obligation unlimited tax bonds therefor, for the purpose of:
erecting additions to, remodeling, including security improvements to, furnishing and refurnishing, and equipping and re-equipping existing school buildings; erecting, furnishing, and equipping a new agricultural learning building and a support building; acquiring and installing instructional technology and instructional technology equipment for school buildings; purchasing school buses; and equipping, developing and improving athletic facilities, play fields, playgrounds, driveways, parking areas, and sites?
The following is for informational purposes only:
The estimated millage that will be levied for the proposed bonds in 2021, under current law, is 0.0 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 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 2.14 mills ($2.14 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 $18,575,455 and the estimated total interest to be paid thereon is $20,693,307. The estimated duration of the millage levy associated with that borrowing is 24 years and the estimated computed millage rate for such levy is 7.59 mills. The estimated computed millage rate may change based on changes in certain circumstances.
The total amount of qualified bonds currently outstanding is $62,625,000. The total amount of qualified loans currently outstanding is $2,199,901.
(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.)
Who may I contact if I have additional questions?
You are welcome to contact us at [email protected] and for more details on Bond 2020, you can visit charlotteorioles.com/CPSBond2020
