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HomeMy WebLinkAboutSeptember 8, 2005 Special Session BackupTown of Trophy Club Municipal Utility District No.1 Meeting Agenda 100 Municipal Drive Trophy Club, Texas 76262 Thursday, September 8, 2005 5:30 P.M. A.1 Call to Order and Announce a Quorum. A.2 Public Comments or Presentations. B.1 Discuss and take appropriate action to approve MUD 1 Budget for Fiscal Year 2005- 2006. B.2 Discuss and take action to approve Resolution No. 2005-0908, approving the MUD 1 Tax Roll. B.3 Discuss and take action to approve Resolution No. 2005-0908A, a resolution to set the component of the MUD 1 Tax Rate for Debt Service for Tax Year 2005. B.4 Discuss and take action to approve Resolution 2005-0908B, to set the component of the MUD 1 tax rate for the Maintenance and Operation Expenditures for 2005, including the portion of such tax rate to support the Fire Department. B.5 Discuss and take appropriate action to approve the Master District budget for Fiscal Year 2005-2006. B.6 Discuss and take action regarding the donation of MUD 1 Directors' fees for 2005-2006 ($6,000.00) to the American Red Cross. D.1 Set Next Meeting Date a. Tuesday, October 13, 2005 or November 1, 2005 at 6:00 p.m. F.1 Adjourn. MUNICIPAL UTILITY DISTRICT #1 From: The Office of the Municipal Utility District#1 Date: 9-8-2005 Subject: Agenda Item No.A.1 Call to Order and Announce a Quorum. (mm) MUNICIPAL UTILITY DISTRICT #1 From: The Office of the Municipal Utility District#1 Date: 9-8-2005 Subject: Agenda Item No.A.2 Public Comments or Presentations. (mm) MUNICIPAL UTILITY DISTRICT #1 From: The Office of the Municipal Utility District#1 Date: 9-8-2005 Subject: Agenda Item No.B.2 Discuss and take action to approve Resolution No. 2005-0908, approving the MUD 1 Tax Roll. (mm) Attachments: 1. Resolution TROPHY CLUB MUNICIPAL UTILITY DISTRICT No. 1 RESOLUTION NO. 2005-0908 A RESOLUTION TO APPROVE 2005 MUD 1 TAX ROLL RESOLVED: Pursuant to Section 26.09 (e) of the Texas Tax Code, the Board of Directors of Trophy Club Municipal Utility District No. 1 hereby approves the 2005 certified appraisal roll dated July 20, 2005 from Denton County Central Appraisal District, in which the net taxable appraised value was listed as $409,669,686. The current 2005 tax rate (A total of $.28/$100 assessed value) approved by the Board of Directors of Trophy Club Municipal Utility District No. 1, which has been imposed on each property included on the certified appraisal roll for the District for 2005, totals $1,147,075 actual levy. The actual levy includes $993,380 for real property and $153,695 for personal property. The Board hereby declares that such appraisal roll with amounts of tax entered shall constitute the District's tax roll for the 2004 tax year. PASSED AND APPROVED by the Board of Directors of the Trophy Club Municipal Utility District No. 1, Trophy Club, Texas, this the 8th day of September, 2005. ___________________________ Dean Henry, President Trophy Club MUD No. 1 ATTEST: _____________________________ Constance S. White, Secretary Trophy Club MUD No. 1 (SEAL) CERTIFICATE OF RESOLUTION (2005-0908) THE STATE OF TEXAS } COUNTY OF DENTON } ' COUNTY OF TARRANT} I, the undersigned member of the Board of Directors of the Trophy Club Municipal Utility District No. 1 of Denton and Tarrant Counties, Texas (the "District"), hereby certify as follows: 1. That I am the duly qualified and acting Secretary of the Board of Directors of the District, and that as such, I have custody of the minutes and records of the District. 2. That the Board of Directors of the District convened in Open Session at a Special Meeting on September 8, 2005, at the regular meeting place thereof, and the roll was called of the duly constituted officers and members of the Board of Directors, to wit: Dean Henry President Ted Neidenberger Vice President Constance S. White Secretary-Treasurer Jim Hase Asst. Secretary Gary Cantrell Director and all said persons were present, thus constituting a quorum, whereupon, among other business, the following was transacted at such meeting: a written RESOLUTION (2005-0908) APPROVING THE 2005 MUD 1 TAX ROLL and duly introduced for the consideration of the Board of Directors. It was then duly moved and seconded that such Resolution be adopted and, after due discussion, such motion, carrying with it the adoption of such Resolution prevailed and carried by the following vote: AYES: NOES: 3. That a true, full and correct copy of such Resolution adopted at such meeting is attached to and follows this certificate; that such resolution has been duly recorded in the minutes of the Board of Directors for such meeting; that the persons named in the above and foregoing Paragraph 2 were the duly chosen, qualified and acting officers and members of the Board of Directors as indicated therein, that each was duly and sufficiently notified officially and personally, in advance, of the time, place and purpose of such meeting, and that such Resolution would be introduced and considered for adoption at such meeting, and that each consented, in advance, to the holding of such meeting for such purpose; that the canvassing of the officers and members of the Board of Directors present at and absent from such meeting and of the votes of each on such motion, as set forth in the above and foregoing Paragraph 2, is true and correct; and that sufficient and timely notice of the hour, date, place and subject of such meeting was given and posted as required by Chapter 551, Texas Government Code, as amended. SIGNED AND SEALED the 8th day of September 2005. ____________________________________ Constance S. White Secretary, Board of Directors (SEAL) MUNICIPAL UTILITY DISTRICT #1 From: The Office of the Municipal Utility District#1 Date: 9-8-2005 Subject: Agenda Item No.B.3 Discuss and take action to approve Resolution No. 2005-0908A, a resolution to set the component of the MUD 1 Tax Rate for Debt Service for Tax Year 2005. (mm) Attachments: 1. Resolution TROPHY CLUB MUNICIPAL UTILITY DISTRICT No. 1 RESOLUTION NO. 2005-0908A A RESOLUTION TO SET THE COMPONENT OF THE MUD 1 TAX RATE FOR DEBT SERVICE FOR 2005 RESOLVED: Pursuant to Section 26.05 of the Texas Tax Code, and Sections 49.211(a), 49.212(a), 54.601 and 54.602 of the Texas Water Code, the Board of Directors of Trophy Club Municipal Utility District No. 1 hereby finds that a tax rate of $.14644 per $100 of taxable value, if applied to the total taxable value of property on the District's appraisal roll for the 2005 tax year, will impose the total amount of taxes needed to pay the District’s debt obligations during the next year, and that such tax rate is reasonable and necessary to service the District's debt obligations during the next year, including payments of lawfully incurred contractual obligations providing security for the payment of the principal of and interest on bonds and other evidences of indebtedness issued on behalf of the District. It is therefore ordered by the Board of Directors of the District that the component of the 2005 tax rate for debt service is hereby set at $.14644 per $100 of taxable value of each property included on the appraisal roll for the District for the 2005 tax year. PASSED AND APPROVED by the Board of Directors of the Trophy Club Municipal Utility District No. 1, Trophy Club, Texas this the 8th day of September, 2005. _______________________________ President, Trophy Club MUD No. 1 (SEAL) ATTEST: _________________________________ Board Secretary, Trophy Club MUD No. 1 CERTIFICATE OF RESOLUTION (2005-0908A) THE STATE OF TEXAS } COUNTY OF DENTON } COUNTY OF TARRANT} I, the undersigned member of the Board of Directors of the Trophy Club Municipal Utility District No. 1 of Denton and Tarrant Counties, Texas (the "District"), hereby certify as follows: 1. That I am the duly qualified and acting Secretary of the Board of Directors of the District, and that as such, I have custody of the minutes and records of the District. 2. That the Board of Directors of the District convened in Open Session at a Special Meeting on September 8th, 2005, at the regular meeting place thereof, and the roll was called of the duly constituted officers and members of the Board of Directors, to wit: Dean Henry President Ted Neidenberger Vice President Constance S. White Secretary/Treasurer Jim Hase Assistant Secretary Gary Cantrell Director and Directors ___________________________ were present, thus constituting a quorum, whereupon, among other business, the following was transacted at such meeting: a written RESOLUTION (2005-0908A) SETTING THE COMPONENT OF THE MUD 1 TAX RATE FOR DEBT SERVICE FOR 2005 was duly introduced for the consideration of the Board of Directors. It was then duly moved and seconded that such Resolution be adopted and, after due discussion, such motion, carrying with it the adoption of such Resolution prevailed and carried by the following vote: AYES: NOES: 3. That a true, full and correct copy of such Resolution adopted at such meeting is attached to and follows this certificate; that such Resolution has been duly recorded in the minutes of the Board of Directors for such meeting; that the persons named in the above and foregoing Paragraph 2 were the duly chosen, qualified and acting officers and members of the Board of Directors as indicated therein, that each was duly and sufficiently notified officially and personally, in advance, of the time, place and purpose of such meeting, and that such Resolution would be introduced and considered for adoption at such meeting, and that each consented, in advance, to the holding of such meeting for such purpose; that the canvassing of the officers and members of the Board of Directors present at and absent from such meeting and of the votes of each on such motion, as set forth in the above and foregoing Paragraph 2, is true and correct; and that sufficient and timely notice of the hour, date, place and subject of such meeting was given and posted as required by Chapter 551, Texas Gov. Code, as amended. SIGNED AND SEALED the 8th of September 2005. ___ __________________________________ Secretary, Board of Directors (SEAL) MUNICIPAL UTILITY DISTRICT #1 From: The Office of the Municipal Utility District#1 Date: 9-8-2005 Subject: Agenda Item No.B.4 Discuss and take action to approve Resolution 2005-0908B, to set the component of the MUD 1 tax rate for the Maintenance and Operation Expenditures for 2005, including the portion of such tax rate to support the Fire Department. (mm) Attachments: 1. Resolution TROPHY CLUB MUNICIPAL UTILITY DISTRICT No. 1 RESOLUTION NO. 2005-0908B A RESOLUTION TO SET THE COMPONENT OF THE MUD 1 TAX RATE FOR MAINTENANCE AND OPERATION EXPENDITURES FOR 2005, INCLUDING THE PORTION OF SUCH TAX RATE TO SUPPORT THE FIRE DEPARTMENT RESOLVED: Pursuant to Section 26.05 of the Texas Tax Code and Sections 49.107 and 49.351 of the Texas Water Code, the Board of Directors of Trophy Club Municipal Utility District No. 1 hereby finds that a tax rate of $.12202 per $100 of taxable value, if applied to the total taxable value of property on the District's appraisal roll for the 2005 tax year, will impose the amount of taxes needed to fund maintenance and operation expenditures of the District for the next year, including fire department operations. The Board further finds that of this tax rate for maintenance and operation expenditures, $.10886 per $100 of taxable value is reasonable and necessary to support the Fire Department under the plan previously approved by the District's electors, and that the remainder of $.01316 per $100 taxable value is reasonable and necessary to fund other maintenance and operation expenditures of the District. It is therefore ordered by the Board of Directors of the District that the component of the 2005 tax rate for maintenance and operation expenditures is hereby set at $.12202 per $100 of taxable value of each property included on the appraisal roll for the District for the 2005 tax year, of which $.10886 per $100 of taxable value shall be used to support the Fire Department and the remaining $.01316 per $100 of taxable value shall be used to fund other maintenance and operation expenditures of the District. PASSED AND APPROVED by the Board of Directors of the Trophy Club Municipal Utility District No. 1, Trophy Club, Texas, this the 8th day of September 2005. ATTEST: _________________________ ___ _____________________________ President, Trophy Club MUD No. 1 Secretary, Trophy Club MUD No. 1 (SEAL) CERTIFICATE OF RESOLUTION (2005-0908B) THE STATE OF TEXAS } COUNTY OF DENTON } COUNTY OF TARRANT } I, the undersigned member of the Board of Directors of the Trophy Club Municipal Utility District No. 1 of Denton and Tarrant Counties, Texas (the "District"), hereby certify as follows: 1. That I am the duly qualified and acting Secretary of the Board of Directors of the District, and that as such, I have custody of the minutes and records of the District. 2. That the Board of Directors of the District convened in Open Session at a Special Meeting on September 8, 2005, at the regular meeting place thereof, and the roll was called of the duly constituted officers and members of the Board of Directors, to wit: Dean Henry President Ted Neidenberger Vice President Constance S. White Secretary/Treasurer Jim Hase Asst. Secretary Wesley W. Obermeier Director and Directors _________________________________ were present, thus constituting a quorum, whereupon, among other business, the following was transacted at such meeting: a written RESOLUTION (2005-0908B) SETTING THE COMPONENT OF THE MUD 1 TAX RATE FOR MAINTENANCE AND OPERATION EXPENDITURES FOR 2005, INCLUDING THE PORTION OF SUCH TAX RATE TO SUPPORT THE FIRE DEPARTMENT was duly introduced for the consideration of the Board of Directors. It was then duly moved and seconded that such Resolution be adopted and, after due discussion, such motion, carrying with it the adoption of such Resolution prevailed and carried by the following vote: AYES: NOES: 3. That a true, full and correct copy of such Resolution adopted at such meeting is attached to and follows this certificate; that such Resolution has been duly recorded in the minutes of the Board of Directors for such meeting; that the persons named in the above and foregoing Paragraph 2 were the duly chosen, qualified and acting officers and members of the Board of Directors as indicated therein, that each was duly and sufficiently notified officially and personally, in advance, of the time, place and purpose of such meeting, and that such Resolution would be introduced and considered for adoption at such meeting, and that each consented, in advance, to the holding of such meeting for such purpose; that the canvassing of the officers and members of the Board of Directors present at and absent from such meeting and of the votes of each on such motion, as set forth in the above and foregoing Paragraph 2, is true and correct; and that sufficient and timely notice of the hour, date, place and subject of such meeting was given and posted as required by Chapter 551, Texas Gov. Code. SIGNED AND SEALED the 8th day of September 2005. ______________________________________ Secretary, Board of Directors (SEAL) MUNICIPAL UTILITY DISTRICT #1 From: The Office of the Municipal Utility District#1 Date: 9-8-2005 Subject: Agenda Item No.B.5 Discuss and take appropriate action to approve the Master District budget for Fiscal Year 2005-2006. (rau) Attachments: 1. Information Memorandum 2. Summary Sheet - Refer to backup for Master District packet 3. Systems Water - Refer to backup for Master District packet INFORMATION MEMORANDUM To: Directors of MUD 1 and MUD 2 From: Roger Unger Date: September 2, 2005 Subject: Master District budget changes There have been 2 significant changes since you received your budget package last week. Both of these changes are in the water budget. • The Fort Worth Water bill (Bulk Water) has increased from $800,000 to $847,000 as a result of a proposed rate increase from Fort Worth. • The “Capital Repairs – Ground Storage” has decreased from $225,000 to $90,000 on the assumption that we will either enter into a long-term maintenance contract and spread this cost over the first three years of the contract or we will get a short- term loan from the bank to allow us to pay for it over three years. The net change is a positive increase in cash flow of $88,000 over last weeks budget. The deficit amount has decreased from $147,279 to $59,279. There were no other changes. MUNICIPAL UTILITY DISTRICT #1 From: The Office of the Municipal Utility District#1 Date: 9-8-2005 Subject: Agenda Item No.D.1 Set Next Meeting Date a. Tuesday, October 13, 2005 or November 1, 2005 at 6:00 p.m. (mm) Attachments: 1. Calendar MUNICIPAL UTILITY DISTRICT #1 From: The Office of the Municipal Utility District#1 Date: 9-8-2005 Subject: Agenda Item No.F.2 Adjourn. (mm)