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Proposition APort Freeport (Brazoria County)
PASSEDPort Freeport 2005 Capital Infrastructure & Facility Improvement Bond Proposition
May 2005 Port Freeport Uniform General & Special Election • Canvassed on 2005-05-07
Official Certified Canvass Outcome
FOR: 22,667 (56.0%)AGAINST: 17,810 (44.0%)
Total Ballots Cast on Proposition: 40,477
Authorized Bond Debt
$4.7M
Total 30-Yr Repayment
$7.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Port Freeport to issue $4,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,700,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR PORT FREEPORT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.