Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Bond Resolution topic
No spam. Unsubscribe anytime.
Boyne City board approves resolution to place bond proposal on May 2025 ballot
Summary
After public comment and financial briefing, the board voted to approve a resolution authorizing a May 2025 election on a bond proposal. Staff presented projected millage impacts and financing options.
The Boyne City Board approved a resolution to conduct an election in May 2025 on a proposed bond measure after receiving a staff financial briefing and public comment. Chair moved the resolution (moved by Sarah, seconded by Mary in the record); following explanation of debt mills and projected taxpayer impacts the board called for the question and the motion carried.
Irene, who presented the district’s millage and tax-impact chart, explained that the district’s current debt mills are about 3.14 and provided an example estimate of annual cost differences at various mill levels. "I just wanted everybody to be aware what we're looking at on that note," Irene said as she described an illustrative $25–$30 annual difference at different millage points. Board members discussed term length and selling bonds in two series to preserve capacity for future needs; the vote was taken by voice and recorded as passed in the meeting minutes.
