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Proposition ACity of University Park (Dallas County)
PASSEDCity of University Park 2017 Capital Infrastructure & Facility Improvement Bond Proposition
May 2017 City of University Park Uniform General & Special Election • Canvassed on 2017-05-06
Official Certified Canvass Outcome
FOR: 1,966 (52.0%)AGAINST: 1,814 (48.0%)
Total Ballots Cast on Proposition: 3,780
Authorized Bond Debt
$15.9M
Total 30-Yr Repayment
$24.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of University Park to issue $15,900,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $15,900,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF UNIVERSITY PARK, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.