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Proposition ACity of Red Oak (Ellis County)
PASSEDCity of Red Oak 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 City of Red Oak Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 1,225 (62.0%)AGAINST: 750 (38.0%)
Total Ballots Cast on Proposition: 1,975
Authorized Bond Debt
$5.8M
Total 30-Yr Repayment
$8.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Red Oak to issue $5,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF RED OAK, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.