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Proposition ACity of Pilot Point (Denton County)
FAILEDCity of Pilot Point 2001 Capital Infrastructure & Facility Improvement Bond Proposition
May 2001 City of Pilot Point Uniform General & Special Election • Canvassed on 2001-05-05
Official Certified Canvass Outcome
FOR: 541 (47.0%)AGAINST: 610 (53.0%)
Total Ballots Cast on Proposition: 1,151
Authorized Bond Debt
$3.1M
Total 30-Yr Repayment
$4.7M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Pilot Point to issue $3,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF PILOT POINT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.