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Proposition ACity of Oak Point (Denton County)
PASSEDCity of Oak Point 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 City of Oak Point Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 394 (53.0%)AGAINST: 349 (47.0%)
Total Ballots Cast on Proposition: 743
Authorized Bond Debt
$3.0M
Total 30-Yr Repayment
$4.6M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Oak Point to issue $3,000,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $3,000,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF OAK POINT, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.