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HomeMy WebLinkAboutSeptember 14, 2006 Special Session BackupTown of Trophy Club Municipal Utility District No.1 Meeting Agenda 100 Municipal Drive Trophy Club, Texas 76262 Thursday, September 14, 2006 5:30 P.M. A.1 Call to Order and Announce a Quorum. A.2 Public Comments or Presentations. B.1 Discuss and take action to approve Resolution 2006-0914, approving the MUD 1 Tax Roll. B.2 Discuss and take action to approve Resolution 2006-0914A, a resolution to set the component of the MUD 1 Tax Rate for Debt Service for Tax Year 2006. B.3 Discuss and take action to approve Resolution 2006-0914B, to set the component of the MUD 1 tax rate for the Maintenance and Operation Expenditures for 2006, including the portion of such tax rate to support the Fire Department. D.1 Review Monthly Tax Collection Report D.2 Set Next Meeting Date a. Tuesday, November 7th (Election Day) - Meeting would have to be in the Public Services Building b. Tuesday, November 14th (MD meeting is November 9th) c. Thursday, November 9th at 5:00 p.m.(Before Master District meeting) d. Tuesday, October 10th, at 6:00 p.m. F.1 Adjourn. MUNICIPAL UTILITY DISTRICT #1 From: The Office of the Municipal Utility District#1 Date: 9-14-2006 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: 9-14-2006 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: 9-14-2006 Subject: Agenda Item No.B.1 Discuss and take action to approve Resolution 2006-0914, approving the MUD 1 Tax Roll. (mm) Attachments: 1.Resolution 2006-0914 TROPHY CLUB MUNICIPAL UTILITY DISTRICT No. 1 RESOLUTION NO. 2006-0914 A RESOLUTION TO APPROVE 2006 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 2006 certified appraisal roll dated July 31, 2006 from Denton County Central Appraisal District, in which the net taxable appraised value was listed as $447,030,715. The current 2006 tax rate (A total of $.25/$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 2006, totals $1,117,577 actual levy. The actual levy includes $987,344 for real property and $130,233 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 2006 tax year. PASSED AND APPROVED by the Board of Directors of the Trophy Club Municipal Utility District No. 1, Trophy Club, Texas, this the 14th day of September, 2006. ___________________________ Dean Henry, President Trophy Club MUD No. 1 ATTEST: _____________________________ Constance S. White, Secretary Trophy Club MUD No. 1 (SEAL) CERTIFICATE OF RESOLUTION (2006-0914) 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 14, 2006, 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 Gary Cantrell Vice President Connie White Secretary-Treasurer Jim Hase Asst. Secretary Neil Twomey Director and Directors Henry, Cantrell, White, Hase and Twomey were present, thus constituting a quorum, whereupon, among other business, the following was transacted at such meeting: a written RESOLUTION (2006-0914) APPROVING THE 2006 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 14th day of September 2006. ____________________________________ Constance S. White Secretary, Board of Directors (SEAL) MUNICIPAL UTILITY DISTRICT #1 From: The Office of the Municipal Utility District#1 Date: 9-14-2006 Subject: Agenda Item No. B.2 Discuss and take action to approve Resolution 2006-0914A, a resolution to set the component of the MUD 1 Tax Rate for Debt Service for Tax Year 2006. (mm) Attachments: 1. Resolution TROPHY CLUB MUNICIPAL UTILITY DISTRICT No. 1 RESOLUTION NO. 2006-0914A A RESOLUTION TO SET THE COMPONENT OF THE MUD 1 TAX RATE FOR DEBT SERVICE FOR 2006 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 $.13988 per $100 of taxable value, if applied to the total taxable value of property on the District's appraisal roll for the 2006 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 2006 tax rate for debt service is hereby set at $.13988 per $100 of taxable value of each property included on the appraisal roll for the District for the 2006 tax year. PASSED AND APPROVED by the Board of Directors of the Trophy Club Municipal Utility District No. 1, Trophy Club, Texas this 14th day of September, 2006. _______________________________ President, Trophy Club MUD No. 1 (SEAL) ATTEST: _________________________________ Board Secretary, Trophy Club MUD No. 1 CERTIFICATE OF RESOLUTION (2006-0914A) 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 14, 2006, 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 Gary Cantrell Vice President Constance S. White Secretary/Treasurer Jim Hase Assistant Secretary Neil Twomey Director and Directors Henry, Cantrell, White, Hase and Twomey were present, thus constituting a quorum, whereupon, among other business, the following was transacted at such meeting: a written RESOLUTION (2006-0914A) SETTING THE COMPONENT OF THE MUD 1 TAX RATE FOR DEBT SERVICE FOR 2006 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 14th day of September 2006. ___ __________________________________ Secretary, Board of Directors (SEAL) MUNICIPAL UTILITY DISTRICT #1 From: The Office of the Municipal Utility District#1 Date: 9-14-2006 Subject: Agenda Item No. B.3 Discuss and take action to approve Resolution 2006-0914B, to set the component of the MUD 1 tax rate for the Maintenance and Operation Expenditures for 2006, 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. 2006-0914B A RESOLUTION TO SET THE COMPONENT OF THE MUD 1 TAX RATE FOR MAINTENANCE AND OPERATION EXPENDITURES FOR 2006, 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 $.11011 per $100 of taxable value, if applied to the total taxable value of property on the District's appraisal roll for the 2006 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, $.09058 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 $.01953 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 2006 tax rate for maintenance and operation expenditures is hereby set at $.11011 per $100 of taxable value of each property included on the appraisal roll for the District for the 2006 tax year, of which $.09058 per $100 of taxable value shall be used to support the Fire Department and the remaining $.01953 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 14th day of September 2006. ATTEST: _________________________ ___ _____________________________ President, Trophy Club MUD No. 1 Secretary, Trophy Club MUD No. 1 (SEAL) CERTIFICATE OF RESOLUTION (2006-0914B) 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 14, 2006, 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 Gary Cantrell Vice President Constance S. White Secretary/Treasurer Jim Hase Asst. Secretary Neil Twomey Director and Directors Henry, Cantrell, White, Hase and Twomey were present, thus constituting a quorum, whereupon, among other business, the following was transacted at such meeting: a written RESOLUTION (2006-0914B) SETTING THE COMPONENT OF THE MUD 1 TAX RATE FOR MAINTENANCE AND OPERATION EXPENDITURES FOR 2006, 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 14th day of September, 2006. ______________________________________ Secretary, Board of Directors (SEAL) MUNICIPAL UTILITY DISTRICT #1 From: The Office of the Municipal Utility District#1 Date: 9-14-2006 Subject: Agenda Item No.D.1 Review Monthly Tax Collection Report (mm) Attachments: 1. August Report MUNICIPAL UTILITY DISTRICT #1 From: The Office of the Municipal Utility District#1 Date: 9-14-2006 Subject: Agenda Item No.D.2 Set Next Meeting Date a. Tuesday, November 7th (Election Day) - Meeting would have to be in the Public Services Building b. Tuesday, November 14th (MD meeting is November 9th) c. Thursday, November 9th at 5:00 p.m.(Before Master District meeting) d. Tuesday, October 10th, at 6:00 p.m. (mm) Attachments: 1. Calendar MUNICIPAL UTILITY DISTRICT #1 From: The Office of the Municipal Utility District#1 Date: 9-14-2006 Subject: Agenda Item No.F.1 Adjourn. (mm)