Difference between revisions of "Ann Arbor Library District Bond Measure (November 2012)"

From Ballotpedia
Jump to: navigation, search
(Created page with "A '''Ann Arbor Library District Bond Measure''' is on the November 6, 2012 ballot in the Ann Arbor library district area, whic...")
 
m (Text replace - "ategory:City bond," to "ategory:City bonds,")
Line 13: Line 13:
 
{{Michigan}}
 
{{Michigan}}
 
[[Category:Michigan 2012 local ballot measures]]
 
[[Category:Michigan 2012 local ballot measures]]
[[Category:City bond, Michigan, 2012]]
+
[[Category:City bonds, Michigan, 2012]]

Revision as of 16:40, 21 August 2012

A Ann Arbor Library District Bond Measure is on the November 6, 2012 ballot in the Ann Arbor library district area, which is in Washtenaw County.

This measure seeks 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.[1]

Text of measure

The question on the ballot:

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?[2]

References

  1. The Ann Arbor Chronicle, "Library Bond Moves Toward Nov. 6 Ballot," July 31, 2012
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.