Rainwater Crossing Municipal Management District of Collin County 2017 Capital Infrastructure & Facility Improvement Bond Proposition

May 2017 Rainwater Crossing Municipal Management District of Collin County Uniform General & Special Election • Canvassed on 2017-05-06

Official Certified Canvass Outcome

FOR: 270 (52.9%)AGAINST: 240 (47.1%)

Total Ballots Cast on Proposition: 510

Authorized Bond Debt

$1.5M

Total 30-Yr Repayment

$2.3M

Estimated Tax Burden

+$28.50/yr

Per $100,000 of taxable home value

Watchdog Plain-English Breakdown

Authorizes Rainwater Crossing Municipal Management District of Collin County to issue $1,500,000 in general obligation bond debt repaid through ad valorem property tax collections.

Official Statutory Ballot Language

THE ISSUANCE OF $1,500,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR RAINWATER CROSSING MUNICIPAL MANAGEMENT DISTRICT OF COLLIN COUNTY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.

Download Official Certified Canvass PDF