Shall the City of East Grand Rapids, Kent County, Michigan, borrow the principal amount of not to exceed $7,000,000 and issue its general obligation unlimited tax bonds for all or a portion of that amount in one or more series payable over not to

exceed 20 years from the date of issue of each series for the purpose of designing, acquiring and constructing park improvements, including, without limitation, new playground facilities, new playground structures and equipment, walking paths and trails, waterfront park improvements, construction of new parks, parks within Gaslight Village, splash pad improvements, the renovation of existing park facilities, the acquisition and improvement of sites for parks, together with all work and equipment necessary or incidental to these improvements, and other park improvements determined by the City?

The estimated millage to be levied in the first year of levy is 0.561278 mills ($0.561278 for each $1,000 of taxable value) and the estimated simple average annual millage rate required to retire the bonds is 0.5624 mills ($0.5624 for each $1,000 of

taxable value)