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Proposition ABelmont Fresh Water Supply District (Denton County)
PASSEDBelmont Fresh Water Supply District 2002 Capital Infrastructure & Facility Improvement Bond Proposition
May 2002 Belmont Fresh Water Supply District Uniform General & Special Election • Canvassed on 2002-05-04
Official Certified Canvass Outcome
FOR: 228 (55.9%)AGAINST: 180 (44.1%)
Total Ballots Cast on Proposition: 408
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 Belmont Fresh Water Supply 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 BELMONT FRESH WATER SUPPLY DISTRICT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.