Title
Approval of Ballot Language for Residential Streets Millage
Body
Resolved, that the Rochester Hills City Council hereby approves placing the following Proposal on the November 8, 2005 General Election:
Residential Streets Millage
In order to pay costs associated with the maintenance (including snow and ice removal), repair, resurfacing, and reconstruction of local residential streets and bridges, shall the City of Rochester Hills levy a new millage for a period of ten (10) years of up to 1.5 mills ($1.50 per $1,000 of Taxable Value) the first year, and levy an additional 0.33 mill ($0.33 per $1,000 of Taxable Value) beginning in the second year, and an additional 0.33 mill ($0.33 per $1,000 of Taxable Value) each year thereafter until the millage reaches, but does not exceed, a maximum amount of up to 2.75 mills, on the taxable value of all property assessed for taxes in the City of Rochester Hills? If approved, the estimated amount of revenue that will be collected in the first year, if the millage is levied in full, is $5,102,964.
__________ Yes
__________ No