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FAILED
Cypress Hill Municipal Utility District #1 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 Cypress Hill Municipal Utility District #1 Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 253 (48.0%)AGAINST: 274 (52.0%)
Total Ballots Cast on Proposition: 527
Authorized Bond Debt
$1.6M
Total 30-Yr Repayment
$2.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Cypress Hill Municipal Utility District #1 to issue $1,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CYPRESS HILL MUNICIPAL UTILITY DISTRICT #1, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.