Back to Propositions Search
PASSED
Cypress Hill Municipal Utility District #1 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 Cypress Hill Municipal Utility District #1 Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 243 (51.0%)AGAINST: 233 (49.0%)
Total Ballots Cast on Proposition: 476
Authorized Bond Debt
$2.1M
Total 30-Yr Repayment
$3.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Cypress Hill Municipal Utility District #1 to issue $2,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CYPRESS HILL MUNICIPAL UTILITY DISTRICT #1, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.