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Proposition ACity of Southlake (Tarrant County)
PASSEDCity of Southlake 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 City of Southlake Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 2,429 (63.0%)AGAINST: 1,427 (37.0%)
Total Ballots Cast on Proposition: 3,856
Authorized Bond Debt
$28.0M
Total 30-Yr Repayment
$42.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Southlake to issue $28,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $28,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF SOUTHLAKE, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.