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Proposition ACity of Fair Oaks Ranch (Bexar County)
PASSEDCity of Fair Oaks Ranch 2004 Capital Infrastructure & Facility Improvement Bond Proposition
May 2004 City of Fair Oaks Ranch Uniform General & Special Election • Canvassed on 2004-05-01
Official Certified Canvass Outcome
FOR: 1,510 (61.0%)AGAINST: 966 (39.0%)
Total Ballots Cast on Proposition: 2,476
Authorized Bond Debt
$2.6M
Total 30-Yr Repayment
$4.0M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Fair Oaks Ranch to issue $2,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF FAIR OAKS RANCH, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.