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Proposition ACity of Southlake (Tarrant County)
PASSEDCity of Southlake 2010 Capital Infrastructure & Facility Improvement Bond Proposition
May 2010 City of Southlake Uniform General & Special Election • Canvassed on 2010-05-01
Official Certified Canvass Outcome
FOR: 2,759 (56.0%)AGAINST: 2,168 (44.0%)
Total Ballots Cast on Proposition: 4,927
Authorized Bond Debt
$26.4M
Total 30-Yr Repayment
$40.1M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Southlake to issue $26,400,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $26,400,000 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.