Crawford County taxpayers are being asked to vote for a millage request to help pay off bonds that were used to build the AuSable Valley Animal Shelter in Grayling.
The Board of Commissioners got over $300,000 from the U.S. Dept. of Agriculture in the form of a loan so that the shelter could be built. According to the Crawford County Avalanche, another $400,000 in bonds were issued for construction costs, which the shelter board agreed to pay off over a 20-year period and $340,000 in bonds were still due in March of 2014. You can read more about this here.
This new millage will be used to pay off the present mortgage and allow the shelter to use it’s funds for day-to-day operating expenses. This is a one-year non-renewable millage.
Here is the ballot language:
Shall the limitation upon the total amount of general ad valorem taxes imposed upon real and tangible personal property for all
pm-poses in any one year under the Michigan Constitution be increased in the County of Crawford, Michigan by 0.63 mills (which is equal to $0.63 per $1,000 of taxable value of all such property) for a period of 1 (one) year, 2014, for the purpose of paying upon redemption the principal of and interest on the County’s outstanding Capital Improvement Bonds, Series 2007 originally issued on February 2, 2007, for the purpose of paying costs of acquiring, constructing, furnishing and equipping a new county animal shelter and making related site improvements? The amount of revenue the County will collect if that millage is approved and levied is estimated to be $346,587. The proposed millage is a new additional millage, the revenue from which will be disbursed to the County of Crawford for the purpose of paying off the outstanding bonds.