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Proposition ACity of Southlake (Tarrant County)
PASSEDCity of Southlake 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 City of Southlake Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 2,969 (63.0%)AGAINST: 1,743 (37.0%)
Total Ballots Cast on Proposition: 4,712
Authorized Bond Debt
$21.0M
Total 30-Yr Repayment
$31.9M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Southlake to issue $21,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $21,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF SOUTHLAKE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.