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Proposition ACity of Red Oak (Ellis County)
FAILEDCity of Red Oak 2007 Capital Infrastructure & Facility Improvement Bond Proposition
May 2007 City of Red Oak Uniform General & Special Election • Canvassed on 2007-05-05
Official Certified Canvass Outcome
FOR: 1,646 (50.0%)AGAINST: 1,646 (50.0%)
Total Ballots Cast on Proposition: 3,292
Authorized Bond Debt
$7.0M
Total 30-Yr Repayment
$10.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Red Oak to issue $7,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $7,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF RED OAK, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.