Lago Bello Municipal Utility District No. 1A 2019 Capital Infrastructure & Facility Improvement Bond Proposition

May 2019 Lago Bello Municipal Utility District No. 1A Uniform General & Special Election • Canvassed on 2019-05-04

Official Certified Canvass Outcome

FOR: 182 (63.0%)AGAINST: 107 (37.0%)

Total Ballots Cast on Proposition: 289

Authorized Bond Debt

$1.5M

Total 30-Yr Repayment

$2.3M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Lago Bello Municipal Utility District No. 1A to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR LAGO BELLO MUNICIPAL UTILITY DISTRICT NO. 1A, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF