HomeMy WebLinkAbout2014-12-04 Special Meeting MinutesSPECIAL MEETING MINUTES
Trophy Club Municipal Utility District No. 1
December 4, 2014 Special Meeting Minutes
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
BOARD OF DIRECTORS
December 4, 2014 at 4:00P.M.
100 Municipal Drive, Trophy Club, Texas 76262
The Trophy Club Municipal Utility District No. 1 Board of Directors, of Denton and Tarrant Counties, met
in a Special Meeting on December 4, 2014 at 4:00 P.M., in the Boardroom of the Administration
Building, 100 Municipal 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
Jim Hase
Kevin Carr
Jim Thomas
Neil Twomey
STAFF PRESENT:
President
Vice President
Secretary /Treasurer
Director
Director
Jennifer McKnight General Manager
Laurie Slaght District Secretary
Terri Sisk Administration Manager
GUEST PRESENT:
Dan Almon Southwest Securities
Andrew Friedman Southwest Securities
Bob Dransfield Fulbright & Jaworski LLP
CALL TO ORDER AND ANNOUNCE A QUORUM
President Moss announced the date of December 4, 2014, called the meeting to order and announced a
quorum present at 4:00 p.m.
REGULAR SESSION
1. Consider and take appropriate action regarding all matters incident and related to the issuance and
sale of Trophy Club Municipal Utility District No. 1 Unlimited Tax Bonds, Series 2014, in the amount
of $5,765,000, including the adoption of Order No. 2014-1204A authorizing the issuance of such
bonds.
Motion made by Director Twomey and seconded by Director Thomas to adopt Order No. 2014-1204A
authorizing the issuance of Trophy Club Municipal Utility District No. 1 Unlimited Tax Bonds, Series
2014 in the amount of $5,765,000.00 approving and authorizing the execution of Paying
Agent/Registrar agreement and approving and authorizing the distribution of Official Statement in
relation to such bonds.
Motion carried unanimously
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2. Consider and take appropriate action regard ing all matters incident and related to authorizing
appropriate personnel and consultants to proceed with arrangements and the preparation of
documents for the issuance and sale of revenue bonds and approving and authorizing publication of
a notice of sale with respect to such bonds, including the adoption of Resolution No. 2014-1204A
pertaining thereto.
Motion made by Director Twomey and seconded by Director Carr to approve all actions regarding all
matters incident and related to authorizing appropriate personnel and consultants to proceed with
arrangements and the preparation of documents for the issuance and sale of revenue bonds and
approving and authorizing publication of a notice of sale with respect to such bonds, including the
adoption of Resolution No. 2014-1204A pertaining thereto.
Motion carried unanimously
Dan Almon, Senior Vice President with Southwest Securities gave the Board an overview of the bond
process, presented the bids for interest rates and answered questions related thereto. Mr. Almon
stated the lowest bid for interest rates was a little below 2.89%.
3. Consider and take appropriate action to approve Resolution No. 2014-1204B to submit request to
Texas Commission on Environmental Quality for extension of time for issuance of bonds for
wastewater treatment plant improvements.
Motion made by Director Carr and seconded by Director Thomas to approve Resolution No. 2014-
12048 to submit request to Texas Commission on Environmental Quality for extension of time for
issuance of bonds for wastewater treatment plant improvements.
Motion carried unanimously
4. Consider and take appropriate action to approve Amendment to the Agreement for Water Service
Between the City of Fort Worth and the Trophy Club Municipal Utility District No. 1 for the
Construction of a Northside II 48-inch Water Main and Allocated Capacity .
Motion made by Director Twomey and seconded by Director Carr to approve Amendment to the
Agreement for Water Service Between the City of Fort Worth and the Trophy Club Municipal Utility
District No. 1 for the Construction of a Northside II 48-inch Water Main and Allocated Capacity.
Motion carried unanimously
5. Consider and take appropriate action to appoint committee of the Board of Directors to serve as
Audit Committee for FY 2014 Annual Financial Audit .
Motion made by Director Carr and seconded by Director Thomas to appoint Director Hase and
Director Twomey to serve as the Audit Committee for FY 2014 Annual Financial Audit Committee.
Motion carried unanimously
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December 4, 2014 Special Meeting Minutes
6. Consider and take appropriate action to approve Order No. 2014-1204B setting District policy for
Public Presentations.
Motion made by Director Carr and seconded by Director Twomey to approve Order No. 2014-12048
setting District policy for public presentations.
For: Twomey, Carr, Hase, Moss
Against: Thomas
Motion Passed
ADJOURN
President Moss adjourned the Meeting at 4:28 p.m.
Kevin R. Carr, Board Secretary
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