Consolidated Gravity Drainage District No. 1 Proposition
(Tax Renewal)
Shall Consolidated Gravity Drainage District No. 1 of the Parish of Tangipahoa, Louisiana (the "District"), under the provisions of La. R.S. 38:1902 and Article VI, Sections 30 and 32 of the Constitution of the State of Louisiana of 1974, as amended, and other constitutional and statutory authority, be authorized to renew the levy and collection of a special ad valorem tax of 5.0 mills on the dollar of assessed valuation on all property subject to taxation within the boundaries of the District (the "Tax") (an estimated $2,207,626.33 reasonably expected at this time to be collected from the levy of the Tax for an entire year), for a period of ten (10) years, commencing with the tax collection for the year 2020, to and including the tax collection for the year 2029, and shall the proceeds of said Tax (after paying the reasonable and necessary expenses of collecting and administering the Tax) be used for the purpose of acquiring, constructing, improving, maintaining or operating drainage works of public improvement in the District, and implementing a Comprehensive Master Drainage Plan within the territorial limits of the District?