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Proposition ACity of Southlake (Tarrant County)
PASSEDCity of Southlake 2013 Capital Infrastructure & Facility Improvement Bond Proposition
May 2013 City of Southlake Uniform General & Special Election • Canvassed on 2013-05-04
Official Certified Canvass Outcome
FOR: 2,185 (60.0%)AGAINST: 1,456 (40.0%)
Total Ballots Cast on Proposition: 3,641
Authorized Bond Debt
$28.9M
Total 30-Yr Repayment
$43.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Southlake to issue $28,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $28,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF SOUTHLAKE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.