Back to Propositions Search
Proposition ACity of University Park (Dallas County)
PASSEDCity of University Park 2007 Capital Infrastructure & Facility Improvement Bond Proposition
May 2007 City of University Park Uniform General & Special Election • Canvassed on 2007-05-05
Official Certified Canvass Outcome
FOR: 2,174 (55.0%)AGAINST: 1,778 (45.0%)
Total Ballots Cast on Proposition: 3,952
Authorized Bond Debt
$12.6M
Total 30-Yr Repayment
$19.2M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of University Park to issue $12,600,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $12,600,000 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.