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Proposition ACity of Odessa (Ector County)
PASSEDCity of Odessa 2001 Capital Infrastructure & Facility Improvement Bond Proposition
May 2001 City of Odessa Uniform General & Special Election • Canvassed on 2001-05-05
Official Certified Canvass Outcome
FOR: 12,532 (57.0%)AGAINST: 9,454 (43.0%)
Total Ballots Cast on Proposition: 21,986
Authorized Bond Debt
$33.9M
Total 30-Yr Repayment
$51.5M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Odessa to issue $33,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $33,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF ODESSA, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.