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Proposition ACity of Fate (Collin County)
PASSEDCity of Fate 2000 Capital Infrastructure & Facility Improvement Bond Proposition
May 2000 City of Fate Uniform General & Special Election • Canvassed on 2000-05-06
Official Certified Canvass Outcome
FOR: 1,899 (63.0%)AGAINST: 1,115 (37.0%)
Total Ballots Cast on Proposition: 3,014
Authorized Bond Debt
$3.9M
Total 30-Yr Repayment
$5.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Fate to issue $3,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF FATE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.