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PASSED
Grand Lakes Water Control and Improvement District 2007 Capital Infrastructure & Facility Improvement Bond Proposition
May 2007 Grand Lakes Water Control and Improvement District Uniform General & Special Election • Canvassed on 2007-05-05
Official Certified Canvass Outcome
FOR: 327 (62.0%)AGAINST: 200 (38.0%)
Total Ballots Cast on Proposition: 527
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 Grand Lakes Water Control and Improvement District 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 GRAND LAKES WATER CONTROL AND IMPROVEMENT DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.