Ann Arbor Library District Bond Measure (November 2012)
This measure sought to issue a bond in the amount of $65 million in order to help pay for a new downtown building at the current library location. The bond cost would also cover demolishing the current facility, renting spaces in between construction and costs for furnishings. If approved, a levy of $.56 per $1,000 of assessed value would be levied in the first year then reduced to around $.47 per $1,000 of assessed value for the duration of the bond.
|Ann Arbor Library Bond Measure|
Election results from Detroit City Website, Election Results for Wayne County
Text of measure
The question on the ballot:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
|Shall the Ann Arbor District Library, formed by the Ann Arbor Public Schools and the City of Ann Arbor, County of Washtenaw, State of Michigan, borrow the sum of not to exceed sixty-five million dollars ($65,000,000) and issue its general obligation unlimited tax bonds, in one or more series, payable in not to exceed thirty (30) years from the date of issuance of such bonds, for the purpose of paying all or part of the costs of constructing, furnishing and equipping a new main library building to be located at the current site of the downtown library building, including costs related thereto?|