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Proposition ACity of Melissa (Collin County)
PASSEDCity of Melissa 2004 Capital Infrastructure & Facility Improvement Bond Proposition
May 2004 City of Melissa Uniform General & Special Election • Canvassed on 2004-05-01
Official Certified Canvass Outcome
FOR: 2,885 (60.0%)AGAINST: 1,924 (40.0%)
Total Ballots Cast on Proposition: 4,809
Authorized Bond Debt
$8.1M
Total 30-Yr Repayment
$12.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Melissa to issue $8,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $8,100,000 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.