Allen Park City Levy Increase (May 2012)

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An Allen Park City Levy Increase measure was on the May 8, 2012 ballot in the city of Allen Park which is in Wayne County.

This measure was defeated

  • YES 2,313
  • NO 3,355 Defeatedd[1]

This measure sought to increase the current bond debt repayment in the city by increasing the current levy to one set at a rate of $4 per $1,000 of assessed value for a period of two years in order to pay off the debts sooner.[2]

Text of measure

The question on the ballot:

Shall the City of Allen Park, County of Wayne, Michigan, be authorized to pledge its unlimited tax full faith and credit, for a period of two (2) years, commencing with 2012 through 2013, for payment of its General Obligation Limited Tax Bonds, Series 2009A which are outstanding in the principal amount of $25,275,000, which are currently payable through 2039, its General Obligation Limited Tax Bonds, Series 2009B which are outstanding in the principal amount of $3,000,000, which are currently payable through 2039, and its General Obligation Limited Tax Bonds, Series 2010 which are outstanding in the principal amount of $2,725,000, which are currently payable through 2034, which bonds were issued for the purpose of acquiring real and personal property, renovation of certain buildings, acquisition of infrastructure improvements consisting of sanitary and storm sewers, water supply facilities, street and sidewalk facilities and the relocation, acquisition, furnishing and equipping of a public building together with all necessary appurtenances and attachments therefore? The estimated millage to be levied in 2012 is 4.0000 mills ($4.00 per $1,000 of taxable value) and the estimated simple average annual millage rate required to pay debt service on the bonds over the two year period is 4.0000 mills ($4.00 per $1,000 of taxable value).[3]

References

  1. Detroit News, "May 8 election results," May 8, 2012 (dead link)
  2. Michigan Secretary of State, Public Ballot
  3. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.