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Boyne City board approves resolution to place $24M bond question on May 2025 ballot
Summary
After public comment and discussion about term lengths and phasing, the board voted to approve a bond resolution to hold an election in May 2025 to authorize up to $24 million in bond funding.
The Boyne City School Board voted to approve a resolution authorizing a May 2025 election on a bond measure described in meeting materials as up to $24,000,000.
Chair (speaker 1) moved that the board approve the bond resolution to conduct an election in May 2025 “as presented.” The meeting transcript records the motion being moved and seconded (moved by Sarah; second by Mary in the meeting record). Staff finance presentation (speaker 2) explained illustrative impacts: current debt mills cited at 3.14 and an example equalized value figure presented around 187,550, with per-household impacts shown in the materials. Staff also explained that the district planned to sell bonds in two series, which can allow phasing and may save interest costs if project bids come in under budget.
The vote was taken by voice; the chair recorded the vote as passing after an “Aye” response. No roll-call tally was provided in the transcript. Board members discussed refinancing and term-length options earlier in the meeting and heard repeated public comments urging the board to prioritize maintenance and elementary-school needs.
