Back to Propositions Search
PASSED
Northgate Crossing Municipal Utility District No. 2 2015 Capital Infrastructure & Facility Improvement Bond Proposition
May 2015 Northgate Crossing Municipal Utility District No. 2 Uniform General & Special Election • Canvassed on 2015-05-02
Official Certified Canvass Outcome
FOR: 230 (52.0%)AGAINST: 212 (48.0%)
Total Ballots Cast on Proposition: 442
Authorized Bond Debt
$1.5M
Total 30-Yr Repayment
$2.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Northgate Crossing Municipal Utility District No. 2 to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR NORTHGATE CROSSING MUNICIPAL UTILITY DISTRICT NO. 2, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.