HomeMy WebLinkAbout2005-0908A Tax Rate for Debt Service 2005TROPHY 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 49.21 I (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
$.I4644 per $1 00 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
corr~ponent of the 2005 tax rate for debt service is hereby set at $.I4644 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 8'h day of September, 2005.
(SEAL)
ATTEST:
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/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 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 Secretaryrrreasurer
Jim Hase Assistant Secretary
Gary Cantrell Director
and Directors were present, thus constituting a quorum,
whereupon, a 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: @
Resolution (2004-0909A) Certificate
Trophy Club Municipal Utility District No. 1
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 wo~~ld 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.