Midland County Fresh Water Supply District #1 2017 Capital Infrastructure & Facility Improvement Bond Proposition

May 2017 Midland County Fresh Water Supply District #1 Uniform General & Special Election • Canvassed on 2017-05-06

Official Certified Canvass Outcome

FOR: 162 (52.9%)AGAINST: 144 (47.1%)

Total Ballots Cast on Proposition: 306

Authorized Bond Debt

$5.6M

Total 30-Yr Repayment

$8.5M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Midland County Fresh Water Supply District #1 to issue $5,600,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $5,600,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR MIDLAND COUNTY FRESH WATER SUPPLY DISTRICT #1, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF