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PASSED
North Parkway Municipal Management District 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 North Parkway Municipal Management District Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 316 (62.0%)AGAINST: 194 (38.0%)
Total Ballots Cast on Proposition: 510
Authorized Bond Debt
$1.9M
Total 30-Yr Repayment
$2.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes North Parkway Municipal Management District to issue $1,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR NORTH PARKWAY MUNICIPAL MANAGEMENT DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.