Seven Points Municipal Utility District 1 of Collin County 2016 Capital Infrastructure & Facility Improvement Bond Proposition

May 2016 Seven Points Municipal Utility District 1 of Collin County Uniform General & Special Election • Canvassed on 2016-05-07

Official Certified Canvass Outcome

FOR: 228 (55.9%)AGAINST: 180 (44.1%)

Total Ballots Cast on Proposition: 408

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 Seven Points Municipal Utility District 1 of Collin County 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 SEVEN POINTS MUNICIPAL UTILITY DISTRICT 1 OF COLLIN COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF