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Voters in the City of Northville had strong turnout; passed the street bond

Leaf CollectionIntermittent rain and blustery weather couldn’t keep voters away from the polls for the mid-term elections on Nov. 6. In Northville, 3,742 voters cast a ballot – a nearly 75% voter turnout, compared to 58% in the last mid-term election in 2014. On the street bond, 2,473 voted in favor and 1,102 were opposed. Thanks to everyone who cast a ballot. Click here to see (unofficial) results from all races.

What’s next for the street bond?

The next steps are to issue the bond, prepare engineering plans and prepare for the 2019 construction season. Bond funds will be able to bring most street conditions up to “good” before they deteriorate to a condition that requires costly reconstruction.

The estimated millage to be levied beginning in 2019 will be 0.9787 mills (98¢ per $1,000 of taxable value). That will be used for the issuance of a $3,050,000 Street Improvement Bond, paid for over 10 years ($50,000 of that amount covers the cost of issuing the bonds).

The average residential taxpayer has a taxable value of $139,943, which amounts to an increase of $137 on their 2019 City tax bill. That increase will continue for a total of 10 years.

The bond funds will be combined with the City’s existing street millage and $1,050,000 from reserve funds to finance an infusion of $6.25 million into street repairs and replacement over the next four years. After spending these initial funds, the City will continue to use its existing street millage (currently 1.68 mills), which generates about $550,000 annually, to repair and maintain the improved street system.

Watch for more news on the street bond in the City’s publications and on social media as the plan is further developed.

 

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