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HomeMy WebLinkAbout2007-0911C Set Component of MUD 1 Tax Rate for Maintenance & Operation Expenditures of 2007TROPHY CLUB MUNICIPAL UTILITY DISTRICT No. 1 RESOLUTION NO. 2007-091 1-C A RESOLUTION TO SET THE COMPONENT OF THE MUD 1 TAX 'RATE FOR MAINTENANCE AND OPERATION EXPENDITURES FOR 2007, INCLUDING THE PORTION OF SUCH TAX RATE TO SUPPORT THE FIRE DEPARTMENT RESOLVED: Pursuant to Section 26.05 of the Texas Tax Code and Sections 49.107 and 49.351 of the Texas Water Code, the Board of Directors of Trophy Club Municipal Utility District No. I hereby finds that a tax rate of $.I0914 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, will impose the amount of taxes needed to fund maintenance and operation expenditures of the District for the next year, including fire department operations. The Board further finds that of this tax rate for maintenance and operation expenditures, $.09894 per $100 of taxable value is reasonable and necessary to support the Fire Department under the plan previously approved by the District's electors, and that the remainder of $.01020 per $100 taxable value is reasonable and necessary to fund other maintenance and operation expenditures of the District. It is therefore ordered by the Board of Directors of the District that the component of the 2007 tax rate for Maintenance and Operation expenditures is hereby set at $.I0914 per $100 of taxable value of each property included on the appraisal roll for the District for the 2007 tax year, of which $.09894 per $100 of taxable value shall be used to support the Fire Department and the remaining $.01020 per $100 of taxable value shall be used to fund other maintenance and operation expenditures of the District. PASSED AND APPROVED by the Board of Directors of the Trophy Club Municipal Utility District No. 1, Trophy Club, Texas, this I I'~ day of September 2007. ATTEST: Rdml* ~'ecretary, ~rophy Club MUD No. 1 (SEAL) CERTIFICATE OF RESOLUTION (2007-091 1-C) 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 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 Secretary/Treasurer Jim Hase Asst. 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 (2007-0911-C) SETTING THE COMPONENT OF THE MUD 1 TAX RATE FOR MAINTENANCE AND OPERATION EXPENDITURES FOR 2007, INCLUDING THE PORTION OF SUCH TAX RATE TO SUPPORT THE FIRE DEPARTMENT 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. SIGNED AND SEALED the I lth day of September, 2007.