Northgate Crossing Municipal Utility District #1 2013 Capital Infrastructure & Facility Improvement Bond Proposition

May 2013 Northgate Crossing Municipal Utility District #1 Uniform General & Special Election • Canvassed on 2013-05-04

Official Certified Canvass Outcome

FOR: 162 (56.1%)AGAINST: 127 (43.9%)

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 Northgate Crossing Municipal Utility District #1 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 NORTHGATE CROSSING MUNICIPAL UTILITY DISTRICT #1, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF