Bond Proposal Goes to Voters Nov. 3

Grosse Ile residents will decide Tuesday, Nov. 3 on the fate of a $18.8 million ballot proposal to fix the roads and water system in the township.
Approval would mean upgrades to nearly all of the township’s primary and secondary collector roads, according to language in the proposal, and the replacement of several sections of aged and outdated watermains.
Completion of the project is expected to take about four years, from 2016 through 2019, and the bond is payable over a 20-year time period.
The estimated cost to tax payers in 2016 is about 1.1223 mills, or $1.12 per $1,000 of taxable value. According to the proposal, the estimated simple average annual millage rate to retire the bond is 2.1167 mills ($2.12 PER $1,000 taxable value).
If a home has a taxable value of $125,000, for example, homeowners can expect to $264.59 per year, should the proposal get the approval of voters Nov. 3.