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PASSED
Legends Ranch Municipal Utility District 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 Legends Ranch Municipal Utility District Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 177 (52.1%)AGAINST: 163 (47.9%)
Total Ballots Cast on Proposition: 340
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 Legends Ranch Municipal Utility 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 LEGENDS RANCH MUNICIPAL UTILITY DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.