Clearwater Ranch Municipal Utility District #1 2010 Capital Infrastructure & Facility Improvement Bond Proposition

May 2010 Clearwater Ranch Municipal Utility District #1 Uniform General & Special Election • Canvassed on 2010-05-01

Official Certified Canvass Outcome

FOR: 141 (46.1%)AGAINST: 165 (53.9%)

Total Ballots Cast on Proposition: 306

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 Clearwater Ranch Municipal Utility District #1 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 CLEARWATER RANCH MUNICIPAL UTILITY DISTRICT #1, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF