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Proposition ACity of Odessa (Ector County)
PASSEDCity of Odessa 2004 Capital Infrastructure & Facility Improvement Bond Proposition
May 2004 City of Odessa Uniform General & Special Election • Canvassed on 2004-05-01
Official Certified Canvass Outcome
FOR: 7,768 (53.0%)AGAINST: 6,889 (47.0%)
Total Ballots Cast on Proposition: 14,657
Authorized Bond Debt
$37.7M
Total 30-Yr Repayment
$57.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Odessa to issue $37,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $37,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF ODESSA, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.