HomeMy WebLinkAbout2007-0911B Set Component of MUD 1 Tax Rate for Debt Service for 2007TROPHY CLUB MUNICIPAL UTILIN DISTRICT No. 1
RESOLUTION NO. 2006-091 1 -B
A RESOLUTION TO SET THE COMPONENT OF
THE MUD 1 TAX RATE FOR DEBT SERVICE FOR 2007
RESOLVED: Pursuant to Section 26.05 of the Texas Tax Code, and
Sections 49.21 1 (a), 49.21 2(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
$.I2086 per $100 of taxable value, if applied to the total taxable value of property on the
District's appraisal roll for the 2007 tax year, wili 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 2007 tax rate for debt service is hereby set at $.I2086 per $100 of
taxable value of each property included on the appraisal roll for the District for the 2007
tax year.
PASSED AND APPROVED by the Board of Directors of the Trophy Club
Municipal Utility District No. 1, Trophy Club, Texas this I lth day of September, 2007.
(SEAL)
ATTEST:
goard ~ecretary,rfi;ophy Club MUD No. 1
CERTIFICATE OF RESOLUTION
(2007-091 1-B)
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. I 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 11, 2007, 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 SecretaryITreasurer
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 meeting:
a written
RESOLUTION (2007-091 1-B) SETTING THE COMPONENT OF THE MUD
1 TAX RATE FOR DEBT SERVICE FOR 2007
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: 0
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 11 th day of September 2007.
(SEAL)