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Proposition ACedar Port Navigation & ID (Chambers County)
PASSEDCedar Port Navigation & ID 2003 Capital Infrastructure & Facility Improvement Bond Proposition
May 2003 Cedar Port Navigation & ID Uniform General & Special Election • Canvassed on 2003-05-03
Official Certified Canvass Outcome
FOR: 225 (63.0%)AGAINST: 132 (37.0%)
Total Ballots Cast on Proposition: 357
Authorized Bond Debt
$4.5M
Total 30-Yr Repayment
$6.8M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes Cedar Port Navigation & ID to issue $4,500,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $4,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CEDAR PORT NAVIGATION & ID, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.