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Proposition ACity of University Park (Dallas County)
FAILEDCity of University Park 2013 Capital Infrastructure & Facility Improvement Bond Proposition
May 2013 City of University Park Uniform General & Special Election • Canvassed on 2013-05-04
Official Certified Canvass Outcome
FOR: 1,179 (49.0%)AGAINST: 1,227 (51.0%)
Total Ballots Cast on Proposition: 2,406
Authorized Bond Debt
$14.4M
Total 30-Yr Repayment
$21.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of University Park to issue $14,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $14,400,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF UNIVERSITY PARK, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.