Proposed Purchase of Bank Building Ballot Issue: Updates to FAQs

The frequently asked questions page for the proposed bank building purchase has been updated. The page may be accessed here:

Household levy cost update as of 10/7/2019:  The Township has learned that the loan program it would utilize for the purchase of 9447 Olde Eight Road, the USDA Community Facilities Direct Loan Program, has a current interest rate of 3.0%.  As such, the cost per year, per $100,000 of home value, would be $14.70, not $16.46, as originally stated (when the assumption was an interest rate of 4.25%).  If your home is appraised at $200,000, your annual tax bill will increase by $29.40.