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Proposition 4 <br />DRAINAGE <br />Cost: $1,500,000 <br />The proposed drainage program would ensure the City's capability <br />of eliminating flooding and providing improvements to storm wa- ' <br />ter drainage areas as well as reducing future maintenance and ero- <br />sion. ' <br />Proposition 5 <br />PARKS AND RECREATION <br />Cost: $22,000,000 <br />A large portion of this program would be dedicated to land acqui-''. <br />sition and development of active (athletic) and passive City parks. <br />The benefits to acquiring the land now include avoiding higher, <br />future purchase costs and keeping the land from being developed I <br />for other purposes as the City continues to grow. The program ' <br />would also include the construction of Phase 2 of the Allen StatioO <br />Park and upgrades and development of City-owned neighborhood , <br />parks. All future neighborhood parks will be financed through ' <br />fees collected from developers through the City's Park Dedication <br />Ordinance. <br />Bond Total: ' <br />A$52,SOQ000 bond election would impact all properties with an ' <br />increase of less than 4 cents per $100 valuation. The net effect is <br />that a$100,000 home would see a tax increase of $3830 per year,; <br />or $3.19 per month. ' <br />To determine the actual tax increase on your property, divide the <br />appraised value by 100 and multiply that number by .0383. Then, <br />divide that number by 12 to determine the monthly impact. <br />