Belmont Fresh Water Supply District #2 of Denton County 2014 Capital Infrastructure & Facility Improvement Bond Proposition

May 2014 Belmont Fresh Water Supply District #2 of Denton County Uniform General & Special Election • Canvassed on 2014-05-03

Official Certified Canvass Outcome

FOR: 193 (54.1%)AGAINST: 164 (45.9%)

Total Ballots Cast on Proposition: 357

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 Belmont Fresh Water Supply District #2 of Denton County 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 BELMONT FRESH WATER SUPPLY DISTRICT #2 OF DENTON COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF