Collin County Municipal Utility District #1 2002 Capital Infrastructure & Facility Improvement Bond Proposition

May 2002 Collin County Municipal Utility District #1 Uniform General & Special Election • Canvassed on 2002-05-04

Official Certified Canvass Outcome

FOR: 200 (56.0%)AGAINST: 157 (44.0%)

Total Ballots Cast on Proposition: 357

Authorized Bond Debt

$2.8M

Total 30-Yr Repayment

$4.3M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Collin County Municipal Utility District #1 to issue $2,800,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $2,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR COLLIN COUNTY MUNICIPAL UTILITY DISTRICT #1, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF