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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: $U /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.