1. General Obligation (GO) Bond
Mitch Wagner

2. What is a GO Bond?
Provided for the construction, reconstruction, repair, improvement, and/or rehabilitation of streets, roads, and intersections
Completed with or w/o the use of other funds
Can only be passed by majority vote of Citizens
GO bonds are considered the safest bond for municipalities

3. $10,000,000 For Street Repair 2019 - $4,000,000 2023 - $3,000,000
$3,000,000
77% - specific street projects
23% - remaining infrastructure improvements or possible matching funds for grants.

4. Est. Annual Ad Valorem Tax Est. Monthly Ad Valorem Tax
Average Ad Valorem Tax
House Value
Est. Annual Ad Valorem Tax
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
$100,000
77.30
68.22
66.77
65.32
122.56
119.07
116.02
175.78
170.35
165.43
160.51
155.59
150.67
145.76
91.45
House
Value
Est. Monthly Ad Valorem Tax
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
$100,000
6.44
5.69
5.56
5.44
10.21
9.92
9.67
14.65
14.20
13.79
13.38
12.97
12.56
12.15
7.62
Avg. Annual AV Tax - $123.39
Avg. Monthly AV Tax - $10.28

5. Streets Est. Cost TOTAL: $7,720,000 $500,000 $550,000 $300,000
4th Street – Ellison to HWY 54
$500,000
Sunset Dr. – 5th St. to 15th St.
$550,000
SW 5th St. – HWY 54 to Main St.
$300,000
24th St. – HWY 54 to East St.
Ellison St. – Railroad to 12th St.
$400,000
East St. – 4th St. to 12th St.
$450,000
Beaver St. – 4th St. to 12th St.
Crumley St. – 5th St. to 14th St.
$360,000
7th St. – Sunset to Main St.
Lakeview Dr. – Sunset to Sunset
$350,000
Hurliman Rd. – HWY 412 to HWY 54
$3,260,000
TOTAL:
$7,720,000

6. Open House – Join Us Thursday, September 5th at 6:00 pm
City Hall – 424 Main St.
Round table discussion and forum

7. Your Vote Counts GO Bonds only approved by voters
Voting on Tuesday, September 10th
7 am – 7 pm
Precinct # – 1st Baptist Church (2201 N. Lelia St.)
Precinct # – Church of Jesus Christ of LDS (5402 Memory Lane)
Precinct # – First Christian Church (802 N. Quinn)
Precinct # – PTCI Conference Room (607 S. Main St.)
Precinct # – Texas County Activity Center (5th and Sunset)