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Proposition ACity of The Colony (Denton County)
PASSEDCity of The Colony 2012 Capital Infrastructure & Facility Improvement Bond Proposition
May 2012 City of The Colony Uniform General & Special Election • Canvassed on 2012-05-05
Official Certified Canvass Outcome
FOR: 5,648 (58.0%)AGAINST: 4,090 (42.0%)
Total Ballots Cast on Proposition: 9,738
Authorized Bond Debt
$31.1M
Total 30-Yr Repayment
$47.3M
Estimated Tax Burden
+$28.50/yr
Per $100,000 of taxable home value
Watchdog Plain-English Breakdown
Authorizes City of The Colony to issue $31,100,000 in general obligation bond debt repaid through ad valorem property tax collections.
Official Statutory Ballot Language
THE ISSUANCE OF $31,100,000 OF GENERAL OBLIGATION BONDS FOR PUBLIC INFRASTRUCTURE, FACILITIES, AND CAPITAL IMPROVEMENTS FOR CITY OF THE COLONY, TEXAS, AND THE LEVYING OF A TAX IN PAYMENT THEREOF.