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Proposition ACity of Seminole (Gaines County)
PASSEDCity of Seminole 2010 Capital Infrastructure & Facility Improvement Bond Proposition
May 2010 City of Seminole Uniform General & Special Election • Canvassed on 2010-05-01
Official Certified Canvass Outcome
FOR: 800 (59.0%)AGAINST: 556 (41.0%)
Total Ballots Cast on Proposition: 1,356
Authorized Bond Debt
$2.9M
Total 30-Yr Repayment
$4.4M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Seminole to issue $2,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF SEMINOLE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.