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Proposition ACity of Nederland (Jefferson County)
PASSEDCity of Nederland 2004 Capital Infrastructure & Facility Improvement Bond Proposition
May 2004 City of Nederland Uniform General & Special Election • Canvassed on 2004-05-01
Official Certified Canvass Outcome
FOR: 2,257 (63.0%)AGAINST: 1,326 (37.0%)
Total Ballots Cast on Proposition: 3,583
Authorized Bond Debt
$3.8M
Total 30-Yr Repayment
$5.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Nederland to issue $3,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,800,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF NEDERLAND, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.