Orion Twp. – NOTICE TO TAXPAYERS AND ELECTORS OF INTENT TO ISSUE BONDS AND THE RIGHT OF REFERENDUM RELATING THERETO

NOTICE TO TAXPAYERS AND ELECTORS

OF THE CHARTER TOWNSHIP OF ORION

OF INTENT TO ISSUE BONDS

AND THE RIGHT OF REFERENDUM RELATING THERETO

PLEASE TAKE NOTICE that the Charter Township of Orion, County of Oakland, State of Michigan (the “Township”), intends to issue and sell its general obligation limited tax bonds pursuant to Act 34, Public Acts of Michigan, 2001, as amended, in an aggregate principal amount of not to exceed Fifteen Million Dollars ($15,000,000), in one or more series, for the purpose of paying all or part of the cost of acquiring, constructing, furnishing and equipping a new Township Hall Facility, together with all related site improvements, appurtenances and attachments.

SOURCE OF PAYMENT OF BONDS

THE PRINCIPAL OF AND INTEREST ON SAID BONDS SHALL BE PAYABLE from the funds of the Township lawfully available for such purposes including property taxes levied within applicable constitutional and statutory tax rate limitations.

BOND DETAILS

SAID BONDS will be payable in annual installments not to exceed twenty (20) in number and will bear interest at the rate or rates to be determined at a public or private sale but in no event to exceed the maximum rate permitted by law on the balance of the bonds from time to time remaining unpaid.

RIGHT OF REFERENDUM

THE BONDS WILL BE ISSUED WITHOUT A VOTE OF THE ELECTORS UNLESS A PETITION REQUESTING SUCH A VOTE SIGNED BY NOT LESS THAN 10% OF THE REGISTERED ELECTORS RESIDING WITHIN THE BOUNDARIES OF THE TOWNSHIP IS FILED WITH THE TOWNSHIP CLERK WITHIN FORTY-FIVE (45) DAYS AFTER PUBLICATION OF THIS NOTICE. IF SUCH PETITION IS FILED, THE BONDS MAY NOT BE ISSUED WITHOUT AN APPROVING VOTE OF A MAJORITY OF THE QUALIFIED ELECTORS RESIDING WITHIN THE BOUNDARIES OF THE TOWNSHIP VOTING THEREON.

THIS NOTICE is given pursuant to the requirements of Section 517, Act 34, Public Acts of Michigan, 2001, as amended.

Penny S. Shults

Township Clerk

Charter Township of Orion

 

8 Responses to "Orion Twp. – NOTICE TO TAXPAYERS AND ELECTORS OF INTENT TO ISSUE BONDS AND THE RIGHT OF REFERENDUM RELATING THERETO"

  1. Ross   July 28, 2019 at 4:58 pm

    Since when did the Orion Twp. board start being our “Dictators” and just telling the residents they were/will add more debt to our tax bill (ya… bonds still carry interest that we all pay) instead of asking (via placing on the ballot) if we desire to incur $15 million more public debt?

    “THE BONDS WILL BE ISSUED WITHOUT A VOTE OF THE ELECTORS UNLESS A PETITION REQUESTING SUCH A VOTE SIGNED BY NOT LESS THAN 10% OF THE REGISTERED ELECTORS RESIDING WITHIN THE BOUNDARIES OF THE TOWNSHIP IS FILED WITH THE TOWNSHIP CLERK WITHIN FORTY-FIVE (45) DAYS AFTER PUBLICATION OF THIS NOTICE.æ
    I thought this sort of thing was supposed to work the other way? Did I miss something here?

    Reply
  2. Norm Hughes   July 28, 2019 at 9:21 pm

    The Tax Limitation Amendment limits taxation. Will this violate the TLA? How many signatures to recall the Township officials trying to pull this?

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  3. Rob   July 29, 2019 at 8:50 am

    Our taxes are already out of control. What’s wrong with the existing building. If more room is needed an addition won’t cost $15m

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  4. Grandma   July 29, 2019 at 9:00 am

    Really !!!!!why do we need an entirely new building???lots of property right there…..add on another wing.

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  5. Mary Mac   July 29, 2019 at 11:44 am

    I hope someone will start-up a petition drive to stop this insanity of forcing this down the throats of Orion Twp., Taxpayers without a Vote of the People. I will most definitely sign a petition to stop the $15 million in bond debt from being foisted upon all of us.

    Reply
  6. William Hamilton   July 29, 2019 at 12:16 pm

    Start a petition drive somebody, dont just let the township stick you with another tax debt, fight back. Im a former Orion resident for many reasons including taxes.

    Reply
  7. Ellen Gillis   August 1, 2019 at 9:28 pm

    I am already paying for weed applications, a new road and now this?! Enough is enough!!! The existing building we already have can’t be more than ten years old.

    Reply
  8. Bill   August 15, 2019 at 8:01 am

    There is a petition being circulated and the board has proven through their previous meetings there wasn’t a reasonable plan including a budget, preliminary design and schedule. In fact, there was nothing presented that would indicate more than a single architect or consultant bid the project! ‘We used the $15MM as a placeholder because we didn’t want to have to come back for more’ – was basically the statement offered. We’re asked to listen to what’s spoken as gospel although the language in the notice indicates differently. Ultimately, the bond repayment will be the responsibility of the Orion Township taxpayer.

    Reply

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