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PASSED
Cottonwood Municipal Utility District #2B 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 Cottonwood Municipal Utility District #2B Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 234 (52.9%)AGAINST: 208 (47.1%)
Total Ballots Cast on Proposition: 442
Authorized Bond Debt
$1.5M
Total 30-Yr Repayment
$2.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Cottonwood Municipal Utility District #2B to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR COTTONWOOD MUNICIPAL UTILITY DISTRICT #2B, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.