HomeMy WebLinkAbout2014-03-19 Joint Meeting MinutesJOINT SESSION MINUTES
Trophy Club Municipal Utility District No. 1
March 19, 2014 Joint Meeting Minutes
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
BOARD OF DIRECTORS JOINT MEETING WITH
TOWN OF TROPHY CLUB TOWN COUNCIL
March 19, 2014 at 4:00P.M.
Trophy Club Country Club
500 Trophy Club Drive, Trophy Club, Texas 76262
The Trophy Club Municipal Utility District No. 1 Board of Directors, of Denton and Tarrant Counties, met
in a Joint Session with the Town of Trophy Club Town Council on Wednesday, March 19, 2014 at 4:00
P.M., at the Trophy Club Country Club located at 500 Trophy Club Drive, Trophy Club, Texas 76262. The
meeting was held within the boundaries of the District, and was open to the public.
STATE OF TEXAS §
COUNTY OF DENTON §
COUNTY OF TARRANT §
DISTRICT BOARD MEMBERS PRESENT
Jim Moss
Bill Armstrong
Kevin Carr
Nick Sanders
Jim Thomas
STAFF PRESENT:
Jennifer McKnight
Laurie Slaght
Tony Corbett
Pam Liston
President
Vice President
Secretary/Treasurer
Director
Director
District Manager
District Secretary
District Legal Counsel
District Legal Counsel
President Moss announced a quorum and called the meeting to order at 4:11p.m.
JOINT SESSION
1. Consider and take appropriate action regarding potential lnterlocal Agreement with the Town of
Trophy Club providing for water and wastewater services to customers within the Town of Trophy
Club Public Improvement District, including;
a. Terms of Agreement; and
b. Schedule for preparation and execution of Agreement.
Director Sanders gave a presentation on points of contention between the District and the Town
regarding a long term agreement for water and wastewater services to the Town's Public Improvement
District (PID). During the presentation, the following items were agreed upon by both the District Board
of Directors and the Town Council:
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Trophy Club Municipal Utility District No. 1
March 19, 2014 Joint Meeting Minutes
a. The original agreement with the Town anticipated 1417 access fees of $2300 each based on
original plans for 1417 homes in the PID. The District recognizes that this number will not be
rea lized with the current platting. The District agreed to allow interest earned to offset the
equivalent of ten (10) lots at $2300 each for a total cost of $23 ,000 .
b. Annexat ion will not be included in the contract.
c. There will be one contract that will include water and wastewater services and operational
services.
d. The contract will have a term of 99 (ninety-nine) years.
e. The District and the Town will hold quarterly joint meetings to discuss utility service matters.
f. The District will formally notify the Town if any of the following occur:
* Changes are made to the District Rate Order
* Request for bond issuance
* Applications to Texas Commission on Environmental Quality (TCEQ).
g. The District will be responsible for all repairs to the Town's system and will receive all revenues
from the PID.
h. If annexation of the PID by the District were to occur , the surcharge to the PID customers would
terminate when the MUD's tax rate collected to prevent a gap in payment .
The District Board of Directors and Town Council agree to have the Town staff submit a press release on
behalf of both parties which will be approved by the District. Additionally, the District Manager shall
prepare a letter to TCEQ informing them that the terms of a long term service agreement has been
reached and a contract should be executed within 30 days . The letter will be approved by the Town
Council and signed by the Mayor and will also be signed by the District's Board President.
Town Special Counsel, Rob in Melvin stated she can draft the agreement and send it back to the District's
Special Counsel, Tony Corbett, within 2 (two) weeks .
djourned the Joint Meeting at 5:35 p.m.
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