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Proposition ATown of Flower Mound (Denton County)
PASSEDTown of Flower Mound 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 Town of Flower Mound Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 9,087 (56.0%)AGAINST: 7,139 (44.0%)
Total Ballots Cast on Proposition: 16,226
Authorized Bond Debt
$25.8M
Total 30-Yr Repayment
$39.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Town of Flower Mound to issue $25,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $25,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR TOWN OF FLOWER MOUND, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.