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Proposition ACity of Port Aransas (Nueces County)
PASSEDCity of Port Aransas 2005 Capital Infrastructure & Facility Improvement Bond Proposition
May 2005 City of Port Aransas Uniform General & Special Election • Canvassed on 2005-05-07
Official Certified Canvass Outcome
FOR: 399 (63.0%)AGAINST: 234 (37.0%)
Total Ballots Cast on Proposition: 633
Authorized Bond Debt
$5.2M
Total 30-Yr Repayment
$7.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Port Aransas to issue $5,200,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,200,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF PORT ARANSAS, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.