HomeMy WebLinkAbout2006-0914A Set Component of MUD 1 Tax Rate for Debt Service 2006TROPHY 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 49.21 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
$.I3988 per $1 00 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 $.I3988 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.
(SEAL
ATTEST:
~6ard Secretary, Trophy Club MUD No. 1
CERTIFICATE OF RESOLUTION
(2006-091 4A)
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 Secretaryrrreasurer
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 meetiog:
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: 5
NOES: @
Resolution (2006-091 4A) Certificate
Trophy Club Mur~icipal 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 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, Bosrd of Directors