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PASSED
Collin County Municipal Utility District #1 2001 Capital Infrastructure & Facility Improvement Bond Proposition
May 2001 Collin County Municipal Utility District #1 Uniform General & Special Election • Canvassed on 2001-05-05
Official Certified Canvass Outcome
FOR: 168 (54.9%)AGAINST: 138 (45.1%)
Total Ballots Cast on Proposition: 306
Authorized Bond Debt
$2.7M
Total 30-Yr Repayment
$4.1M
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 $2,700,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,700,000 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.