01-27 - RRESOLUUTION NO. 01-27 SUPPORTING THE PASSAGE OF
CONSTITUTIONAL AMENDMENT PROPOSITION 2
WHEREAS, Proposition 2 of the November 6, 2001, ballot would allow the
issuance of bonds for the building of roads in border colonias; and
WHEREAS, these roads would provide access for emergency medical service,
school buses, mail, and other basic and necessary access; and
WHEREAS, through the issuance of bonds, these critical roadways can be
built without an increase in taxes; and
WHEREAS, since the rate of inflation for road building cost is higher than
the current interest rate on bonds, building the roads with funds
from bonds will cost less than waiting to build the roads using the
"pay as you go" method, such that the Proposition 2 constitutional
amendment would allow roads to be built in the most fiscally
conservative manner;
THEREFORE, THE TOWN OF PROSPER endorses, supports and encourages
the passage of Proposition 2 and encourages all Texas voters to cast their votes
in favor of this much- needed proposition.
PASSED AND APPROVED BY THE TOWN OF PROSPER on this the 13th day
of November, 2001.
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J' Dunmire, Mayor
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