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Proposition ACity of Melissa (Collin County)
PASSEDCity of Melissa 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 City of Melissa Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 1,963 (58.0%)AGAINST: 1,421 (42.0%)
Total Ballots Cast on Proposition: 3,384
Authorized Bond Debt
$7.6M
Total 30-Yr Repayment
$11.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Melissa to issue $7,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $7,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF MELISSA, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.