2021 Bond Election

About the Bond Election

Notice of Bond Election - ENGLISH   SPANISH   VIETNAMESE
Paper copies of this notice are available at the following locations:

Southlake Town Hall
1400 Main St.
Southlake, TX 76092

The Marq
Senior Center
285 Shady Oaks Drive
Southlake, TX 76092

DPS Headquarters
600 State Street
Southlake, TX 76092


Public Works Operations
1950 E. Continental Blvd.
Southlake, TX  76092



Southlake voters will decide on the following measure during a Bond Election to be held on Tuesday, November 2, 2021:

Proposition A
“Shall the City Council of the City of Southlake, Texas be authorized to issue and sell one or more series of general obligation bonds of the City in the aggregate principal amount of not more than $50,000,000 for the purpose of designing, acquiring, constructing, renovating, improving, and equipping the City parks (including passive parks and open space improvements), and acquiring lands, interests in lands, and rights-of-way necessary thereto, such bonds to mature serially or otherwise (not more than 40 years from their date) in accordance with law; and any issue or series of said bonds to bear interest at such rate or rates (fixed, floating, variable or otherwise) as may be determined within the discretion of the City Council, provided that such rate of interest shall not exceed the maximum rate per annum authorized by law at the time of the issuance of any issue or series of said bonds; and shall the City Council of the City be authorized to levy and pledge, and cause to be assessed and collected, annual ad valorem taxes, within the limitations prescribed by law, on all taxable property in said City sufficient to pay the annual interest and provide a sinking fund to pay the bonds at maturity and the cost of any credit agreements executed in connection with the bonds?”

The official ballot shall be prepared in accordance with the Texas Election Code, as amended, so as to permit voters to vote “FOR” or “AGAINST” the aforesaid measures which shall appear on the ballot substantially as follows:

PROPOSITION A
“THE ISSUANCE OF NOT TO EXCEED $50,000,000 OF CITY OF SOUTHLAKE, TEXAS GENERAL OBLIGATION BONDS FOR PARK (INCLUDING OPEN SPACE AND PASSIVE PARKS) IMPROVEMENTS, AND THE IMPOSITION OF A TAX SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS”

Bond Frequently Asked Questions

What is a General Obligation Bond?

General obligation (GO) bonds are debt instruments issued by states and city governments to finance large capital improvements. Bonds are sold to investors, and the proceeds from the sales of these bonds are used to pay for major capital investments that have a public purpose—such as open space and passive park uses and storm water management. These uses are part of the proposed 2021 Bond Program.

How Did We Get Here?

The City Council approved Parks, Recreation, and Open Space Master Plans in 1992, 1996, 2001, 2005, 2013, and 2021 to authorize the concept of making long-term investments into green space all over Southlake. In August 2021, the City Council approved the calling of a bond election to acquire land for open space and passive parks. The land may also be used to help with storm water management.

What Will the Ballot Say?

The issuance of not to exceed $50,000,000 of City of Southlake, Texas General Obligation Bonds for park (including open space and passive parks) improvements, and the imposition of a tax sufficient to pay the principal of and interest on the bonds.

What Will the Bond Be Used For?

To purchase land to provide for open space and passive park uses in areas all over the City and may also be used for storm water management.

Financial Details?

  • If approved by voters, the bonds will be issued as needed up to the authority of $50 million. There would be no increase in property tax to fund the program.

What Are the Bond Program Features?

  • If approved, the Open Space Bonds would not be sold until the City Council has approved specific locations.
  • If approved by voters, the new park(s) could serve multiple public purposes, including improved storm drainage, more open space, and preservation of natural areas accessible by the public. Bond proceeds may be used for minor or simple improvements to the acquired land.

When Will the Election Be Held?

  • Early voting begins Monday, October 18, 2021, and concludes Friday, October 29, 2021.
  • Election day is November 2, 2021. There are multiple voting locations for Tarrant County voters, including Southlake Town Hall. Check TarrantCounty.com/Elections for the latest information.
  • For Southlake residents who reside in Denton County, please visit VoteDenton.gov for the latest information.

What will the 2021 bond proposition look like on the ballot?

The official ballot shall be prepared in accordance with the Texas Election Code, as amended, so as to permit voters to vote “FOR” or “AGAINST” the aforesaid measures which shall appear on the ballot substantially as follows:

PROPOSITION A
“THE ISSUANCE OF NOT TO EXCEED $50,000,000 OF CITY OF SOUTHLAKE, TEXAS GENERAL OBLIGATION BONDS FOR PARK (INCLUDING OPEN SPACE AND PASSIVE PARKS) IMPROVEMENTS, AND THE IMPOSITION OF A TAX SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS”

Downloadable FAQs: ENGLISH, SPANISH, VIETNAMESE

Downloadable Mailer: ENGLISH, SPANISH, VIETNAMESE

Election 2021 Dates

Voting Information

  • Early Voting is Monday, October 18 through Friday, October 29, 2021.
    • Monday, Oct. 18 - Friday, Oct. 22, 8:00 a.m. to 5:00 p.m.
    • Saturday, October 23 - 7:00 a.m. to 7:00 p.m. (Tarrant County Voters)
    • Saturday, October 23 - 8:00 a.m. to 5:00 p.m. (Denton County Voters)
    • Sunday, October 24 - 11:00 a.m. to 4:00 p.m.
    • Monday, Oct. 25 - Friday, Oct. 29 - 7:00 a.m. to 7:00 p.m.
  • Election Day is Tuesday, November 2, 2021.
    • Polls will be open from 7:00 a.m. to 7:00 p.m.

Voting Locations

There are multiple voting locations for Tarrant County voters, including Southlake Town Hall. Check TarrantCounty.com/Elections for the latest information.

The closest Denton County voting site is Trophy Club MUD No. 1 Building, 100 Municipal Drive, Trophy Club, TX 76262. For more Denton County information, visit VoteDenton.gov.