Public Safety & Public Services Facilities Bond Proposal

The City Council of the City of Grosse Pointe approved the following language to appear on the ballot at a special election to be held on Tuesday, August 8, 2017:


Public Safety and Public Services Facilities Bond Proposal
Shall the City of Grosse Pointe, County of Wayne, Michigan, borrow the principal sum of not to exceed Twelve Million Nine Hundred Sixty Thousand Dollars ($12,960,000), and issue its unlimited tax general obligation bonds, in one or more series, payable in not to exceed twenty-three (23) years from the date of issue, to pay the cost of acquiring, constructing, reconstructing, furnishing and equipping a public safety building to house the police and fire departments and a public services building, and for repairs and renovation of the existing public safety building for municipal court offices and other City purposes, including all necessary demolition, site acquisition, site improvements and related infrastructure improvements?  The estimated millage to be levied in 2018 is 1.7180 mills ($1.72 per $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the bonds is 2.3479 mills ($2.35 per $1,000 of taxable value).



Public Safety & Public Services Facilities Concept Design Study - PowerPoint presentation - May 8, 2017