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Proposition ACedar Port Navigation & ID (Chambers County)
FAILEDCedar Port Navigation & ID 2005 Capital Infrastructure & Facility Improvement Bond Proposition
May 2005 Cedar Port Navigation & ID Uniform General & Special Election • Canvassed on 2005-05-07
Official Certified Canvass Outcome
FOR: 192 (47.1%)AGAINST: 216 (52.9%)
Total Ballots Cast on Proposition: 408
Authorized Bond Debt
$5.0M
Total 30-Yr Repayment
$7.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Cedar Port Navigation & ID to issue $5,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $5,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CEDAR PORT NAVIGATION & ID, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.