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Proposition ACity of Oak Point (Denton County)
FAILEDCity of Oak Point 2010 Capital Infrastructure & Facility Improvement Bond Proposition
May 2010 City of Oak Point Uniform General & Special Election • Canvassed on 2010-05-01
Official Certified Canvass Outcome
FOR: 371 (47.0%)AGAINST: 418 (53.0%)
Total Ballots Cast on Proposition: 789
Authorized Bond Debt
$2.8M
Total 30-Yr Repayment
$4.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of Oak Point to issue $2,800,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $2,800,000 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.